North America Next Generation Firewall Market

North America Next Generation Firewall Market Size, Share & Industry Trends Analysis Report By Vertical, By Organization Size (Large Enterprises and Small & Medium Enterprises), By Type (Solution and Services), By Country and Growth Forecast, 2023 - 2030

Report Id: KBV-18925 Publication Date: December-2023 Number of Pages: 149
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Market Report Description

The North America Next Generation Firewall Market would witness market growth of 12.5% CAGR during the forecast period (2023-2030).

The migration to cloud infrastructure has redefined the cybersecurity landscape, necessitating security solutions that seamlessly integrate with cloud environments. NGFWs have evolved to address this need, providing robust cloud security by extending their capabilities to protect data and applications hosted in cloud platforms. This flexibility in deployment ensures a consistent security posture across on-premises and cloud-based infrastructures, enabling organizations to navigate the complexities of a hybrid IT environment.

Additionally, the market is not static; it is a dynamic ecosystem that evolves in response to emerging technologies, threat landscapes, and the shifting needs of organizations. Several trends are currently shaping the trajectory of the market, influencing the development and adoption of these security solutions. The Zero Trust security model has developed interest as organizations acknowledge the limitations of perimeter-based defenses. NGFWs play a pivotal role in implementing zero-trust architectures by providing granular control over user access, continuously monitoring network traffic, and implementing stringent identity verification measures.

The BOYD trend has become increasingly prevalent in North America as organizations recognize the benefits of flexibility and increased productivity. Many companies now allow employees to access work emails, calendars, and documents on their smartphones. Cloud services provide on-demand access to computing resources, data storage, and applications through the Internet. North American businesses increasingly adopt cloud services for scalability, cost-effectiveness, and enhanced collaboration. Therefore, the growing adoption of BOYD trends and investments in IT and cybersecurity in North America will help expand the regional market. 

The US market dominated the North America Next Generation Firewall Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $3,233.4 Million by 2030. The Canada market is experiencing a CAGR of 15% during (2023 - 2030). Additionally, The Mexico market would witness a CAGR of 14% during (2023 - 2030).    

Based on Vertical, the market is segmented into BFSI, Retail & eCommerce, IT & Telecom, Government & Public Utilities, Healthcare & Lifesciences, Energy & Utilities, Education and Others. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Type, the market is segmented into Solution (Hardware, Virtual and Cloud) and Services (Professional and Managed). Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

Free Valuable Insights: The Next Generation Firewall Market is Predict to reach $12.9 Billion by 2030, at a CAGR of 13.2%

The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Cisco Systems Inc., Check Point Software Technologies Ltd., Palo Alto Networks, Inc., Barracuda Networks, Inc. (KKR & Co. Inc.), Fortinet, Inc., Sonicwall, Inc, Raytheon Technologies Corporation, Juniper Networks, Inc., Hillstone Networks, Sophos Group PLC (Thoma Bravo)

Scope of the Study

Market Segments Covered in the Report:

By Vertical

  • BFSI
  • Retail & eCommerce
  • IT & Telecom
  • Government & Public Utilities
  • Healthcare & Lifesciences
  • Energy & Utilities
  • Education
  • Others

By Organization Size

  • Large Enterprises
  • Small & Medium Enterprises

By Type

  • Solution
    • Hardware
    • Virtual
    • Cloud
  • Services
    • Professional
    • Managed

By Country

  • US
  • Canada
  • Mexico
  • Rest of North America

Key Market Players

List of Companies Profiled in the Report:

  • Cisco Systems Inc.
  • Check Point Software Technologies Ltd.
  • Palo Alto Networks, Inc.
  • Barracuda Networks, Inc. (KKR & Co. Inc.)
  • Fortinet, Inc.
  • Sonicwall, Inc
  • Raytheon Technologies Corporation
  • Juniper Networks, Inc.
  • Hillstone Networks
  • Sophos Group PLC (Thoma Bravo)
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