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

Global Next Generation Firewall Market, By Component (Solution and Services), By Deployment (On-premises and Cloud), By Organization Size (Large Enterprises and SMEs), By Industry Vertical (BFSI, IT & Telecom, Government & Defense, Healthcare, Retail & eCommerce, and Others), By Region (North America, Europe, Asia Pacific, Latin America, Middle East)

Regional Analysis

Global Next Generation Firewall Market- Regional Insights

  • North America is expected to be the largest market for next generation firewall during the forecast period, accounting for over 40% of the market share in 2023. The growth of the market in North America is attributed to early adoption of advanced technologies, presence of leading NGFW vendors, and stringent regulations regarding data security and privacy.
  • Asia Pacific is expected to be the second-largest market for next generation firewall, accounting for over 30% of the market share in 2023. The growth of the market is attributed to increasing cyber-attacks, rapid digital transformation, and high penetration of cloud computing in countries like China, Japan and India.
  • Middle East & Africa is expected to be the fastest-growing market for next generation firewall, with a CAGR of 15% during the forecast period. The growth of the market in Middle East & Africa is attributed to increasing data breaches, adoption of cloud-based solutions, and investments in network security infrastructure.
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East & Africa: GCC Countries, Israel,  South Africa, North Africa, and Central Africa and Rest of Middle East

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