Next-Generation Firewall Market Worth 4.27 Billion USD by 2022 - Seite 2

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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 

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.

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The major vendors in the Next-Generation Firewall 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).

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