Next-Generation Firewall Market worth 4.27 Billion USD by 2022

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Market News Next-Generation Firewall Market
worth 4.27 Billion USD by 2022 Download PDF
Brochure at Next-Generation Firewall Market The
report "Next-Generation Firewall Market by
Delivery Type (Hardware, Virtual, Cloud), Service
(Professional (Consulting, Support and
Maintenance, System Integration), and Managed),
Organization Size, Vertical, and Region - Global
Forecast to 2022", The NGFW market size is
expected to grow from USD 2.39 Billion in 2017 to
USD 4.27 Billion by 2022 at CAGR of
12.3 Inquiry before Buying at Next-Generation
Firewall Market Browse 62 market data tables and
57 figures spread through 136 pages and in-depth
TOC on "Next-Generation Firewall Market by
Delivery Type (Hardware, Virtual, Cloud), Service
(Professional (Consulting, Support and
Maintenance, System Integration), and Managed),
Organization Size, Vertical, and Region - Global
Forecast to 2022" http//www.marketsandmarkets.com
/Market-Reports/next-generation-firewall-ngfw-mark
et-32240698.html Early buyers will receive 10
customization on reports. Next-generation
firewall is a process of collecting, archiving,
managing, and reporting the logs, which are
generated from various devices, such as
firewalls, routers, servers, and switches. NGFW
solutions deal with a huge amount of
computer-generated log data. The main objective
of NGFW is to track the security events and
network activities. With proper NGFW solutions,
an organization can effectively manage logs while
ensuring the integrity and improved business
continuity. NGFW helps organizations to protect
networks, endpoints, and applications from
various malicious attacks, sophisticated
cybercriminals, ransomware, and Advanced
Persistent Threats (APTs). The major forces
driving the NGFW market are the increased
adoption of Bring Your Own Device (BYOD) and
Internet of Things (IoT) trend, increasing
internal and external threats, and high
functionalities of NGFW solutions. Therefore,
enterprises are deploying NGFW services to secure
networks and endpoints from cyber threats. The
professional services segment is expected to have
the largest share in the NGFW market in
2017. Various professional services offered by
NGFW vendors are consulting, support and
maintenance, training and education, and system
integration. The professional services segment is
expected to have the largest market share and
dominate the NGFW market from 2017 to 2022, as
more and more companies are adopting NGFW
solutions and services to secure their business
infrastructure from advanced threats such as
ransomwares, APTs, zero-day attacks, malware, and
unauthorized accesses. The market for services
segment is growing, as the individuals, SMEs, and
large enterprises are concerned about the secured
accesses to their networking devices. The BFSI
vertical is expected to grow at the highest CAGR
in the NGFW market The Banking, Financial
Services, and Insurance (BFSI) vertical is
expected to contribute to the largest market
share in the NGFW market. The increase in digital
identities in all size of organizations and the
growing trend of BYOD and IoT results in a
massive growth in advanced cyberattacks. Attacks
such as DDoS, ransomware, advanced APT, and other
sophisticated attacks have been seen in the BFSI
vertical. To meet the evolving demands of
security in the BFSI industry, the players in
network security are coming up with innovative
solutions to combat the traditional solutions
with added features in NGFW solutions. The
government and public utilities vertical is
expected to dominate the NGFW market with the
largest market size in 2017. North America is
expected to contribute to the largest market
share, whereas Asia Pacific (APAC) is projected
to grow at the highest CAGR
2
North America is expected to have the largest
market share and dominate the NGFW market
from 2017 to 2022, due to the presence of a large
number of NGFW vendors across this region.
Asia Pacific (APAC), on the other hand, offers
potential growth opportunities in the NGFW
market, as there is a wide presence of SMEs in
this region that are turning towards NGFW
services to defend against APTs. The major
vendors in the NGFW market include Cisco Systems
(California, US), Fortinet, Inc. (California,
US), Check Point Software (California, US), Palo
Alto Networks (California, US), Barracuda
Networks (California, US), Forcepoint (Texas,
US), Zscaler (California, US), Juniper Networks
(California, US), WatchGuard Technologies
(California, US), and Sophos Ltd. (Abingdon,
UK). About MarketsandMarkets MarketsandMarkets
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