The global next generation firewall market offers advanced network security solutions to prevent advanced cyber threats and vulnerabilities with increased network traffic and connectivity. Next generation firewalls provide features like application control, intrusion prevention, cloud-based web and malware filtering over basic firewalls to security organizations and enterprises. The growing complexity of threats from ransomware, malware and targeted attacks is increasing the adoption of advanced firewalls globally.

The global next generation firewall market is estimated to be valued at US$ 5399.06 million in 2024 and is expected to exhibit a CAGR of 8.8% over the forecast period 2024 to 2031.

Key Takeaways
Key players operating in the global next generation firewall market are Cisco Systems, Juniper Networks, Fortinet, Palo Alto Networks, Barracuda Networks, Forcepoint, Zscaler, Watchguard Technologies, Sophos, Check Point Software Technologies, Hillstone Networks, Huawei Technologies, Untangle, Stormshield, SonicWall, NetGate, Smoothwall, Sangfor Technologies, Microsoft and VMware.
The demand for next generation firewall solutions is growing across various industry verticals like BFSI, healthcare, government, retail and IT & telecom to secure networks from advanced persistent threats and zero-day attacks. North America dominated the next generation firewall market in 2024 due to strict data privacy regulations and major presence of firewall vendors in the region.

Various enterprises and organizations across the globe are adopting and expanding next generation firewall solutions to strengthen security infrastructure and remain compliant with dynamic cybersecurity requirements. Public cloud adoption and work from anywhere trend is further fueling demand for cloud-based next generation firewall platforms globally.

Market Drivers
The growing need for cost-effective network security solutions to mitigate advanced cyber threats and vulnerabilities across industries is a major driver for the Next Generation Firewall Market Size . Increasing reliance on digital technologies, mobile devices and internet of things is raising the risk of advanced cyber-attacks and data breaches. This is prompting enterprises to invest in advanced firewall solutions to protect infrastructure and ensure business continuity. Strict data privacy regulations alongside rising frequency and magnitude of cyber-attacks are also accelerating the demand for next generation firewalls among enterprises worldwide.

Impact of geopolitical situation on the growth of the Global Next Generation Firewall Market

The growth of the global next generation firewall market is facing uncertainties due to the ongoing geopolitical conflicts and tensions. The Russo-Ukrainian war that began in 2024 has disrupted global supply chains and created resource scarcity issues. Rising fuel prices and inflationary pressures due to sanctions on Russia are negatively impacting the overall economic growth in many parts of the world. This has dampened the spending power of both businesses and consumers on security technologies.

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