The global next-generation firewall market size reached USD 6.3 Billion in 2024 and is projected to reach USD 15.7 Billion by 2033, exhibiting a CAGR of 10.15% during 2025-2033. The market growth is driven by rising cybersecurity threats, widespread adoption of remote work culture, and increasing awareness of NGFW benefits for holistic network security. These solutions combine traditional firewalls with advanced detection features to protect digital assets worldwide.
Study Assumption Years
- Base Year: 2024
- Historical Year/Period: 2019-2024
- Forecast Year/Period: 2025-2033
Next-Generation Firewall Market Key Takeaways
- The global next-generation firewall market size was USD 6.3 Billion in 2024.
- Expected CAGR of 10.15% during 2025-2033.
- Forecast market value of USD 15.7 Billion by 2033.
- The market is primarily driven by increasing cybersecurity threats including ransomware and malware impacting businesses and critical infrastructure.
- Cloud computing and remote work have expanded the cyberattack surface, increasing demand for NGFW security controls.
- NGFW advanced features like deep packet inspection, intrusion prevention, and application control enhance protection capabilities.
- The BFSI sector holds the largest market share due to its need to protect financial data and secure transaction portals.
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Market Growth Factors
Increasing Incidences of Cybersecurity Threats
The market growth is fueled by rising cyberattacks such as ransomware, malware, and advanced persistent threats, which pose severe risks to businesses and infrastructures. Organizations are adopting NGFWs for their intrusion prevention, deep packet inspection, and application control capabilities that provide proactive defense against evolving threats. Migration of applications and data to cloud environments also necessitates NGFWs to secure cloud assets, maintaining security and control over sensitive data.
Widespread Adoption of Remote Work Culture
The surge in remote work, especially after the COVID-19 pandemic, has transformed network security needs. NGFWs offer secure remote access solutions, including VPN capabilities and advanced threat detection through intrusion prevention systems and behavioral analysis. These features help protect remote workers and their devices from targeted attacks, ensuring secure connection to corporate networks and safeguarding data in transmission.
Growing Awareness About Benefits of NGFWs Among Individuals
Increasing awareness driven by cyberattack incidents, media coverage, and educational initiatives by cybersecurity organizations and government agencies has encouraged investments in NGFWs. Industry-specific regulations requiring comprehensive network security further boost adoption. NGFWs help organizations comply with standards, protect sensitive information against breaches, and provide granular security controls tailored to specific organizational needs.
Market Segmentation
Breakup by Type:
- Solutions
- Hardware Solutions
- Software Solutions
- Services
- System Integration Services
- Consulting Services
- Support and Maintenance Services
- Training and Education Services
- Managed Services
Solutions currently dominate the market, with hardware solutions favored for high performance and reliability in large enterprises, while software solutions offer flexible and scalable deployment.
Breakup by Deployment Type:
- Cloud-based
- On-premises
Cloud-based deployment holds the largest market share due to flexibility, scalability, centralized management, and efficient resource allocation in dynamic business environments.
Breakup by Security Type:
- Firewall
- Unified Threat Management
- Network Security
- Identity Based Security
- Others
Firewall represents the largest share; it serves as the foundational defense, employing stateful inspection and granular policy enforcement.
Breakup by Organization Size:
- Small and Medium Enterprises (SMEs)
- Large Enterprises
Large enterprises lead the market driven by extensive network complexity, substantial cybersecurity budgets, and the need for scalable, feature-rich NGFWs.
Breakup by Vertical:
- Banking, Financial Services and Insurance (BFSI)
- IT and Telecom
- Government and Public Utilities
- Retail
- Education
- Healthcare
- Energy and Utilities
- Others
The BFSI sector dominates due to sensitive data handling, demand for secure transactions, and online/mobile banking trends increasing NGFW adoption.
Regional Insights
North America dominates the global next-generation firewall market owing to technological advancements and presence of leading cybersecurity firms. Governmental cybersecurity initiatives and collaboration with private sectors, alongside substantial R&D investment for threat detection and prevention, drive market growth. The region has the largest market share and is a key growth driver globally.
Recent Developments & News
In August 2022, Hillstone Networks Co. launched two models in its A-Series NGFWs, the A7600 and A6800, designed for powerful network security in a compact form. In July 2021, Fortinet Inc. announced the FortiGate 3500F NGFW to protect hybrid data centers from advanced threats and ransomware attacks.
Key Players
- Barracuda Networks Inc.
- Check Point Software Technologies
- Cisco Systems
- Forcepoint LLC
- Fortinet Inc.
- Gajshield Infotech Pvt Ltd.
- Hillstone Networks Co.
- Juniper Networks Inc.
- Palo Alto Networks Inc.
- Sonicwall Inc.
- Sophos Ltd.
- Zscaler Inc.
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