With rapid advancements in the IT infrastructure, even cybercriminals are becoming cleverer, coming up with more innovative ways to get into somebody’s system, network, or database. For almost a quarter of the century, firewalls have been the primary barrier between a system and the traffic coming in from an external network, such as the internet. But, with time, the limitations of the traditional firewall, such as the inability to differentiate between various types of traffic, owing to it being followed by web protocols, have been exposed.
The traditional technology either rejects or accepts all the incoming traffic, which is why it is becoming unsustainable in today’s era of virtual applications and machines. According to P&S Intelligence, this factor will act as the key driver for the growth of the next-generation firewall market from $2,706.9 million in 2019 to $5,188.8 million by 2025, at an 11.9% CAGR between 2020 and 2025. NGFW not only makes traditional firewall more efficient, through protection protocols, but it also adds additional layers of security, such as application-level inspection and intrusion protection.
NGFW solutions find application in large enterprises, as well as small and medium enterprises (SMEs), of which large enterprises are their more-prolific users. This is because such companies have a more-complex IT infrastructure, with networks, systems, and databases in more locations than one. Additionally, these companies have higher budgets, so they can easily spend on expensive cybersecurity solutions. In the years to come, SMEs are expected to integrate NGFW solutions rapidly, as these companies are increasingly becoming the target of cyberattacks owing to their vulnerable IT networks.
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This market research report provides a comprehensive overview of the next-generation firewall market
- Historical and the present size of the next-generation firewall market
- Future potential of the market through its forecast for the period 2020– 2030
- Major factors driving the market and their impact during the short, medium, and long terms
- Market restraints and their impact during the short, medium, and long terms
- Recent trends and evolving opportunities for the market participants
- Historical and the present size of the market segments and understand their comparative future potential
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