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

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)

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Next Generation Firewall Market, by Vertical
1.4.2 North America Next Generation Firewall Market, by Organization Size
1.4.3 North America Next Generation Firewall Market, by Type
1.4.4 North America Next Generation Firewall Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance
2.1 Key Highlights

Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints

Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Market Share Analysis, 2022
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2019-2023)
4.4.2 Key Strategic Move: (Merger & Acquisition: 2019, Oct – 2023, Nov) Leading Players
4.5 Porter’s Five Forces Analysis

Chapter 5. North America Next Generation Firewall Market by Vertical
5.1 North America BFSI Market by Country
5.2 North America Retail & eCommerce Market by Country
5.3 North America IT & Telecom Market by Country
5.4 North America Government & Public Utilities Market by Country
5.5 North America Healthcare & Lifesciences Market by Country
5.6 North America Energy & Utilities Market by Country
5.7 North America Education Market by Country
5.8 North America Others Market by Country

Chapter 6. North America Next Generation Firewall Market by Organization Size
6.1 North America Large Enterprises Market by Country
6.2 North America Small & Medium Enterprises Market by Country

Chapter 7. North America Next Generation Firewall Market by Type
7.1 North America Solution Market by Country
7.2 North America Next Generation Firewall Market by Solution Type
7.2.1 North America Hardware Market by Country
7.2.2 North America Virtual Market by Country
7.2.3 North America Cloud Market by Country
7.3 North America Services Market by Country
7.4 North America Next Generation Firewall Market by Services Type
7.4.1 North America Professional Market by Country
7.4.2 North America Managed Market by Country

Chapter 8. North America Next Generation Firewall Market by Country
8.1 US Next Generation Firewall Market
8.1.1 US Next Generation Firewall Market by Vertical
8.1.2 US Next Generation Firewall Market by Organization Size
8.1.3 US Next Generation Firewall Market by Type
8.1.3.1 US Next Generation Firewall Market by Solution Type
8.1.3.2 US Next Generation Firewall Market by Services Type
8.2 Canada Next Generation Firewall Market
8.2.1 Canada Next Generation Firewall Market by Vertical
8.2.2 Canada Next Generation Firewall Market by Organization Size
8.2.3 Canada Next Generation Firewall Market by Type
8.2.3.1 Canada Next Generation Firewall Market by Solution Type
8.2.3.2 Canada Next Generation Firewall Market by Services Type
8.3 Mexico Next Generation Firewall Market
8.3.1 Mexico Next Generation Firewall Market by Vertical
8.3.2 Mexico Next Generation Firewall Market by Organization Size
8.3.3 Mexico Next Generation Firewall Market by Type
8.3.3.1 Mexico Next Generation Firewall Market by Solution Type
8.3.3.2 Mexico Next Generation Firewall Market by Services Type
8.4 Rest of North America Next Generation Firewall Market
8.4.1 Rest of North America Next Generation Firewall Market by Vertical
8.4.2 Rest of North America Next Generation Firewall Market by Organization Size
8.4.3 Rest of North America Next Generation Firewall Market by Type
8.4.3.1 Rest of North America Next Generation Firewall Market by Solution Type
8.4.3.2 Rest of North America Next Generation Firewall Market by Services Type

Chapter 9. Company Profiles
9.1 Cisco Systems, Inc.
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Regional Analysis
9.1.4 Research & Development Expense
9.1.5 Recent strategies and developments:
9.1.5.1 Acquisition and Mergers:
9.1.6 SWOT Analysis
9.2 Check Point Software Technologies Ltd.
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Regional Analysis
9.2.4 Research & Development Expenses
9.2.5 Recent strategies and developments:
9.2.5.1 Partnerships, Collaborations, and Agreements:
9.2.5.2 Product Launches and Product Expansions:
9.2.5.3 Acquisition and Mergers:
9.2.6 SWOT Analysis
9.3 Palo Alto Networks, Inc.
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Regional Analysis
9.3.4 Research & Development Expense
9.3.5 Recent strategies and developments:
9.3.5.1 Partnerships, Collaborations, and Agreements:
9.3.5.2 Product Launches and Product Expansions:
9.3.5.3 Acquisition and Mergers:
9.3.6 SWOT Analysis
9.4 Barracuda Networks, Inc. (KKR & Co. Inc.)
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Recent strategies and developments:
9.4.3.1 Product Launches and Product Expansions:
9.4.4 SWOT Analysis
9.5 Fortinet, Inc.
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Regional Analysis
9.5.4 Research & Development Expenses
9.5.5 Recent strategies and developments:
9.5.5.1 Product Launches and Product Expansions:
9.5.5.2 Acquisition and Mergers:
9.5.6 SWOT Analysis
9.6 Raytheon Technologies Corporation
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expense
9.6.5 SWOT Analysis
9.7 Juniper Networks, Inc.
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Regional Analysis
9.7.4 Research & Development Expenses
9.7.5 Recent strategies and developments:
9.7.5.1 Partnerships, Collaborations, and Agreements:
9.7.5.2 Acquisition and Mergers:
9.7.6 SWOT Analysis
9.8 Sophos Group PLC (Thoma Bravo)
9.8.1 Company Overview
9.8.2 Recent strategies and developments:
9.8.2.1 Product Launches and Product Expansions:
9.8.2.2 Acquisition and Mergers:
9.8.3 SWOT Analysis
9.9 SonicWall, Inc.
9.9.1 Company Overview
9.9.2 Recent strategies and developments:
9.9.2.1 Product Launches and Product Expansions:
9.9.2.2 Acquisition and Mergers:
9.9.3 SWOT Analysis
9.10. Hillstone Networks
9.10.1 Company Overview
9.10.2 SWOT Analysis

TABLE 1 North America Next Generation Firewall Market, 2019 - 2022, USD Million
TABLE 2 North America Next Generation Firewall Market, 2023 - 2030, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Next Generation Firewall Market
TABLE 4 Product Launches And Product Expansions– Next Generation Firewall Market
TABLE 5 Acquisition and Mergers– Next Generation Firewall Market
TABLE 6 North America Next Generation Firewall Market by Vertical, 2019 - 2022, USD Million
TABLE 7 North America Next Generation Firewall Market by Vertical, 2023 - 2030, USD Million
TABLE 8 North America BFSI Market by Country, 2019 - 2022, USD Million
TABLE 9 North America BFSI Market by Country, 2023 - 2030, USD Million
TABLE 10 North America Retail & eCommerce Market by Country, 2019 - 2022, USD Million
TABLE 11 North America Retail & eCommerce Market by Country, 2023 - 2030, USD Million
TABLE 12 North America IT & Telecom Market by Country, 2019 - 2022, USD Million
TABLE 13 North America IT & Telecom Market by Country, 2023 - 2030, USD Million
TABLE 14 North America Government & Public Utilities Market by Country, 2019 - 2022, USD Million
TABLE 15 North America Government & Public Utilities Market by Country, 2023 - 2030, USD Million
TABLE 16 North America Healthcare & Lifesciences Market by Country, 2019 - 2022, USD Million
TABLE 17 North America Healthcare & Lifesciences Market by Country, 2023 - 2030, USD Million
TABLE 18 North America Energy & Utilities Market by Country, 2019 - 2022, USD Million
TABLE 19 North America Energy & Utilities Market by Country, 2023 - 2030, USD Million
TABLE 20 North America Education Market by Country, 2019 - 2022, USD Million
TABLE 21 North America Education Market by Country, 2023 - 2030, USD Million
TABLE 22 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 23 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 24 North America Next Generation Firewall Market by Organization Size, 2019 - 2022, USD Million
TABLE 25 North America Next Generation Firewall Market by Organization Size, 2023 - 2030, USD Million
TABLE 26 North America Large Enterprises Market by Country, 2019 - 2022, USD Million
TABLE 27 North America Large Enterprises Market by Country, 2023 - 2030, USD Million
TABLE 28 North America Small & Medium Enterprises Market by Country, 2019 - 2022, USD Million
TABLE 29 North America Small & Medium Enterprises Market by Country, 2023 - 2030, USD Million
TABLE 30 North America Next Generation Firewall Market by Type, 2019 - 2022, USD Million
TABLE 31 North America Next Generation Firewall Market by Type, 2023 - 2030, USD Million
TABLE 32 North America Solution Market by Country, 2019 - 2022, USD Million
TABLE 33 North America Solution Market by Country, 2023 - 2030, USD Million
TABLE 34 North America Next Generation Firewall Market by Solution Type, 2019 - 2022, USD Million
TABLE 35 North America Next Generation Firewall Market by Solution Type, 2023 - 2030, USD Million
TABLE 36 North America Hardware Market by Country, 2019 - 2022, USD Million
TABLE 37 North America Hardware Market by Country, 2023 - 2030, USD Million
TABLE 38 North America Virtual Market by Country, 2019 - 2022, USD Million
TABLE 39 North America Virtual Market by Country, 2023 - 2030, USD Million
TABLE 40 North America Cloud Market by Country, 2019 - 2022, USD Million
TABLE 41 North America Cloud Market by Country, 2023 - 2030, USD Million
TABLE 42 North America Services Market by Country, 2019 - 2022, USD Million
TABLE 43 North America Services Market by Country, 2023 - 2030, USD Million
TABLE 44 North America Next Generation Firewall Market by Services Type, 2019 - 2022, USD Million
TABLE 45 North America Next Generation Firewall Market by Services Type, 2023 - 2030, USD Million
TABLE 46 North America Professional Market by Country, 2019 - 2022, USD Million
TABLE 47 North America Professional Market by Country, 2023 - 2030, USD Million
TABLE 48 North America Managed Market by Country, 2019 - 2022, USD Million
TABLE 49 North America Managed Market by Country, 2023 - 2030, USD Million
TABLE 50 North America Next Generation Firewall Market by Country, 2019 - 2022, USD Million
TABLE 51 North America Next Generation Firewall Market by Country, 2023 - 2030, USD Million
TABLE 52 US Next Generation Firewall Market, 2019 - 2022, USD Million
TABLE 53 US Next Generation Firewall Market, 2023 - 2030, USD Million
TABLE 54 US Next Generation Firewall Market by Vertical, 2019 - 2022, USD Million
TABLE 55 US Next Generation Firewall Market by Vertical, 2023 - 2030, USD Million
TABLE 56 US Next Generation Firewall Market by Organization Size, 2019 - 2022, USD Million
TABLE 57 US Next Generation Firewall Market by Organization Size, 2023 - 2030, USD Million
TABLE 58 US Next Generation Firewall Market by Type, 2019 - 2022, USD Million
TABLE 59 US Next Generation Firewall Market by Type, 2023 - 2030, USD Million
TABLE 60 US Next Generation Firewall Market by Solution Type, 2019 - 2022, USD Million
TABLE 61 US Next Generation Firewall Market by Solution Type, 2023 - 2030, USD Million
TABLE 62 US Next Generation Firewall Market by Services Type, 2019 - 2022, USD Million
TABLE 63 US Next Generation Firewall Market by Services Type, 2023 - 2030, USD Million
TABLE 64 Canada Next Generation Firewall Market, 2019 - 2022, USD Million
TABLE 65 Canada Next Generation Firewall Market, 2023 - 2030, USD Million
TABLE 66 Canada Next Generation Firewall Market by Vertical, 2019 - 2022, USD Million
TABLE 67 Canada Next Generation Firewall Market by Vertical, 2023 - 2030, USD Million
TABLE 68 Canada Next Generation Firewall Market by Organization Size, 2019 - 2022, USD Million
TABLE 69 Canada Next Generation Firewall Market by Organization Size, 2023 - 2030, USD Million
TABLE 70 Canada Next Generation Firewall Market by Type, 2019 - 2022, USD Million
TABLE 71 Canada Next Generation Firewall Market by Type, 2023 - 2030, USD Million
TABLE 72 Canada Next Generation Firewall Market by Solution Type, 2019 - 2022, USD Million
TABLE 73 Canada Next Generation Firewall Market by Solution Type, 2023 - 2030, USD Million
TABLE 74 Canada Next Generation Firewall Market by Services Type, 2019 - 2022, USD Million
TABLE 75 Canada Next Generation Firewall Market by Services Type, 2023 - 2030, USD Million
TABLE 76 Mexico Next Generation Firewall Market, 2019 - 2022, USD Million
TABLE 77 Mexico Next Generation Firewall Market, 2023 - 2030, USD Million
TABLE 78 Mexico Next Generation Firewall Market by Vertical, 2019 - 2022, USD Million
TABLE 79 Mexico Next Generation Firewall Market by Vertical, 2023 - 2030, USD Million
TABLE 80 Mexico Next Generation Firewall Market by Organization Size, 2019 - 2022, USD Million
TABLE 81 Mexico Next Generation Firewall Market by Organization Size, 2023 - 2030, USD Million
TABLE 82 Mexico Next Generation Firewall Market by Type, 2019 - 2022, USD Million
TABLE 83 Mexico Next Generation Firewall Market by Type, 2023 - 2030, USD Million
TABLE 84 Mexico Next Generation Firewall Market by Solution Type, 2019 - 2022, USD Million
TABLE 85 Mexico Next Generation Firewall Market by Solution Type, 2023 - 2030, USD Million
TABLE 86 Mexico Next Generation Firewall Market by Services Type, 2019 - 2022, USD Million
TABLE 87 Mexico Next Generation Firewall Market by Services Type, 2023 - 2030, USD Million
TABLE 88 Rest of North America Next Generation Firewall Market, 2019 - 2022, USD Million
TABLE 89 Rest of North America Next Generation Firewall Market, 2023 - 2030, USD Million
TABLE 90 Rest of North America Next Generation Firewall Market by Vertical, 2019 - 2022, USD Million
TABLE 91 Rest of North America Next Generation Firewall Market by Vertical, 2023 - 2030, USD Million
TABLE 92 Rest of North America Next Generation Firewall Market by Organization Size, 2019 - 2022, USD Million
TABLE 93 Rest of North America Next Generation Firewall Market by Organization Size, 2023 - 2030, USD Million
TABLE 94 Rest of North America Next Generation Firewall Market by Type, 2019 - 2022, USD Million
TABLE 95 Rest of North America Next Generation Firewall Market by Type, 2023 - 2030, USD Million
TABLE 96 Rest of North America Next Generation Firewall Market by Solution Type, 2019 - 2022, USD Million
TABLE 97 Rest of North America Next Generation Firewall Market by Solution Type, 2023 - 2030, USD Million
TABLE 98 Rest of North America Next Generation Firewall Market by Services Type, 2019 - 2022, USD Million
TABLE 99 Rest of North America Next Generation Firewall Market by Services Type, 2023 - 2030, USD Million
TABLE 100 Key Information – Cisco Systems, Inc.
TABLE 101 Key Information – Check Point Software Technologies Ltd.
TABLE 102 Key Information – Palo Alto Networks, Inc.
TABLE 103 Key Information – Barracuda Networks, Inc.
TABLE 104 Key Information – Fortinet, Inc.
TABLE 105 Key Information – Raytheon Technologies Corporation
TABLE 106 Key Information – Juniper Networks, Inc.
TABLE 107 Key Information – Sophos Group PLC
TABLE 108 Key Information – sonicwall, inc
TABLE 109 Key Information – Hillstone Networks

List of Figures
FIG 1 Methodology for the research
FIG 2 North America Next Generation Firewall Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Next Generation Firewall Market
FIG 4 KBV Cardinal Matrix
FIG 5 Market Share Analysis, 2022
FIG 6 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 7 Key Strategic Move: (Merger & Acquisition: 2019, oct – 2023, nov) Leading Players
FIG 8 Porter’s Five Forces Analysis - Next Generation Firewall Market
FIG 9 North America Next Generation Firewall Market share by Vertical, 2022
FIG 10 North America Next Generation Firewall Market share by Vertical, 2030
FIG 11 North America Next Generation Firewall Market by Vertical, 2019 - 2030, USD Million
FIG 12 North America Next Generation Firewall Market share by Organization Size, 2022
FIG 13 North America Next Generation Firewall Market share by Organization Size, 2030
FIG 14 North America Next Generation Firewall Market by Organization Size, 2019 - 2030, USD Million
FIG 15 North America Next Generation Firewall Market share by Type, 2022
FIG 16 North America Next Generation Firewall Market share by Type, 2030
FIG 17 North America Next Generation Firewall Market by Type, 2019 - 2030, USD Million
FIG 18 North America Next Generation Firewall Market share by Country, 2022
FIG 19 North America Next Generation Firewall Market share by Country, 2030
FIG 20 North America Next Generation Firewall Market by Country, 2019 - 2030, USD Million
FIG 21 SWOT Analysis: Cisco Systems, Inc.
FIG 22 Recent strategies and developments: Check Point Software Technologies Ltd.
FIG 23 SWOT Analysis: CHECK POINT SOFTWARE TECHNOLOGIES LTD.
FIG 24 Recent strategies and developments: Palo Alto Networks, Inc.
FIG 25 SWOT Analysis: PALO ALTO NETWORKS, INC.
FIG 26 SWOT Analysis: Barracuda Networks, Inc.
FIG 27 Recent strategies and developments: Fortinet, Inc.
FIG 28 SWOT Analysis: Fortinet, Inc.
FIG 29 SWOT Analysis: Raytheon Technologies Corporation
FIG 30 Recent strategies and developments: Juniper Networks, Inc.
FIG 31 SWOT Analysis: Juniper Networks, Inc.
FIG 32 Recent strategies and developments: Sophos Group PLC
FIG 33 SWOT Analysis: Sophos Group PLC
FIG 34 Recent strategies and developments: Sonicwall, Inc.
FIG 35 SWOT Analysis: SonicWall, Inc.
FIG 36 SWOT Analysis: Hillstone Networks