GLOBAL NEXT GENERATION FIREWALL MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Global Next Generation Firewall Market Size and Trends

Global next generation firewall market is estimated to be valued at US$ 4,561.0 Mn in 2023, and is expected to reach US$ 8,233.2 Mn by 2030, exhibiting a compound annual growth rate (CAGR) of 8.8% from 2023 to 2030.

Global Next Generation Firewall Market- Trends

• Transition to Secure SD-WAN Environments: The adoption of SD-WAN (software-defined wide area network) architecture by enterprises is a major transition that is influencing NGFW capabilities. Leading firewall vendors are integrating SD-WAN functionalities into NGFWs to support secure SD-WAN connectivity across distributed enterprise networks and remote sites. Centralized orchestration, quality of service controls, WAN optimization, dynamic path selection, and other SD-WAN features are being combined with core NGFW security for a comprehensive solution. As SD-WAN gains traction, the demand for integrated secure SD-WAN platforms increases.
• Cloud-Delivered and As-a-Service Models: The growing trend towards consumption-based business models is also prevalent in the NGFW market with vendors offering cloud-hosted, virtual and firewall-as-a-service solutions. Cloud-based management of NGFW capabilities provides customers with operational flexibility and hassle-free maintenance. Managed security service providers (MSSPs) are leveraging NGFW vendor platforms to deliver managed firewall services on demand. As-a-service models are key for distributed enterprises seeking to implement robust network security across on-premise and cloud environments.