North America Next Generation Firewall Market Size, Share & Industry Trends Analysis Report By Vertical, By Organization Size (Large Enterprises and Small & Medium Enterprises), By Type (Solution and Services), By Country and Growth Forecast, 2023 - 2030
The North America Next Generation Firewall Market would witness market growth of 12.5% CAGR during the forecast period (2023-2030).
The migration to cloud infrastructure has redefined the cybersecurity landscape, necessitating security solutions that seamlessly integrate with cloud environments. NGFWs have evolved to address this need, providing robust cloud security by extending their capabilities to protect data and applications hosted in cloud platforms. This flexibility in deployment ensures a consistent security posture across on-premises and cloud-based infrastructures, enabling organizations to navigate the complexities of a hybrid IT environment.
Additionally, the next generation firewall market is not static; it is a dynamic ecosystem that evolves in response to emerging technologies, threat landscapes, and the shifting needs of organizations. Several trends are currently shaping the trajectory of the market, influencing the development and adoption of these security solutions. The Zero Trust security model has developed interest as organizations acknowledge the limitations of perimeter-based defenses. NGFWs play a pivotal role in implementing zero-trust architectures by providing granular control over user access, continuously monitoring network traffic, and implementing stringent identity verification measures.
The BOYD trend has become increasingly prevalent in North America as organizations recognize the benefits of flexibility and increased productivity. Many companies now allow employees to access work emails, calendars, and documents on their smartphones. Cloud services provide on-demand access to computing resources, data storage, and applications through the Internet. North American businesses increasingly adopt cloud services for scalability, cost-effectiveness, and enhanced collaboration. Therefore, the growing adoption of BOYD trends and investments in IT and cybersecurity in North America will help expand the regional next generation firewall market.
The US market dominated the North America Next Generation Firewall Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $3,233.4 Million by 2030. The Canada market is experiencing a CAGR of 15% during (2023 - 2030). Additionally, The Mexico market would witness a CAGR of 14% during (2023 - 2030).
Based on Vertical, the market is segmented into BFSI, Retail & eCommerce, IT & Telecom, Government & Public Utilities, Healthcare & Lifesciences, Energy & Utilities, Education and Others. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Type, the market is segmented into Solution (Hardware, Virtual and Cloud) and Services (Professional and Managed). Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Cisco Systems Inc., Check Point Software Technologies Ltd., Palo Alto Networks, Inc., Barracuda Networks, Inc. (KKR & Co. Inc.), Fortinet, Inc., Sonicwall, Inc, Raytheon Technologies Corporation, Juniper Networks, Inc., Hillstone Networks, Sophos Group PLC (Thoma Bravo)
Scope of the Study
Market Segments covered in the Report:
By Vertical
- BFSI
- Retail & eCommerce
- IT & Telecom
- Government & Public Utilities
- Healthcare & Lifesciences
- Energy & Utilities
- Education
- Others
- Large Enterprises
- Small & Medium Enterprises
- Solution
- Hardware
- Virtual
- Cloud
- Services
- Professional
- Managed
- US
- Canada
- Mexico
- Rest of North America
- Cisco Systems Inc.
- Check Point Software Technologies Ltd.
- Palo Alto Networks, Inc.
- Barracuda Networks, Inc. (KKR & Co. Inc.)
- Fortinet, Inc.
- Sonicwall, Inc
- Raytheon Technologies Corporation
- Juniper Networks, Inc.
- Hillstone Networks
- Sophos Group PLC (Thoma Bravo)
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- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Next Generation Firewall Market, by Vertical
- 1.4.2 North America Next Generation Firewall Market, by Organization Size
- 1.4.3 North America Next Generation Firewall Market, by Type
- 1.4.4 North America Next Generation Firewall Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- Chapter 4. Competition Analysis - Global
- 4.1 KBV Cardinal Matrix
- 4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
- 4.2.3 Acquisition and Mergers
- 4.3 Market Share Analysis, 2022
- 4.4 Top Winning Strategies
- 4.4.1 Key Leading Strategies: Percentage Distribution (2019-2023)
- 4.4.2 Key Strategic Move: (Merger & Acquisition: 2019, Oct – 2023, Nov) Leading Players
- 4.5 Porter’s Five Forces Analysis
- Chapter 5. North America Next Generation Firewall Market by Vertical
- 5.1 North America BFSI Market by Country
- 5.2 North America Retail & eCommerce Market by Country
- 5.3 North America IT & Telecom Market by Country
- 5.4 North America Government & Public Utilities Market by Country
- 5.5 North America Healthcare & Lifesciences Market by Country
- 5.6 North America Energy & Utilities Market by Country
- 5.7 North America Education Market by Country
- 5.8 North America Others Market by Country
- Chapter 6. North America Next Generation Firewall Market by Organization Size
- 6.1 North America Large Enterprises Market by Country
- 6.2 North America Small & Medium Enterprises Market by Country
- Chapter 7. North America Next Generation Firewall Market by Type
- 7.1 North America Solution Market by Country
- 7.2 North America Next Generation Firewall Market by Solution Type
- 7.2.1 North America Hardware Market by Country
- 7.2.2 North America Virtual Market by Country
- 7.2.3 North America Cloud Market by Country
- 7.3 North America Services Market by Country
- 7.4 North America Next Generation Firewall Market by Services Type
- 7.4.1 North America Professional Market by Country
- 7.4.2 North America Managed Market by Country
- Chapter 8. North America Next Generation Firewall Market by Country
- 8.1 US Next Generation Firewall Market
- 8.1.1 US Next Generation Firewall Market by Vertical
- 8.1.2 US Next Generation Firewall Market by Organization Size
- 8.1.3 US Next Generation Firewall Market by Type
- 8.1.3.1 US Next Generation Firewall Market by Solution Type
- 8.1.3.2 US Next Generation Firewall Market by Services Type
- 8.2 Canada Next Generation Firewall Market
- 8.2.1 Canada Next Generation Firewall Market by Vertical
- 8.2.2 Canada Next Generation Firewall Market by Organization Size
- 8.2.3 Canada Next Generation Firewall Market by Type
- 8.2.3.1 Canada Next Generation Firewall Market by Solution Type
- 8.2.3.2 Canada Next Generation Firewall Market by Services Type
- 8.3 Mexico Next Generation Firewall Market
- 8.3.1 Mexico Next Generation Firewall Market by Vertical
- 8.3.2 Mexico Next Generation Firewall Market by Organization Size
- 8.3.3 Mexico Next Generation Firewall Market by Type
- 8.3.3.1 Mexico Next Generation Firewall Market by Solution Type
- 8.3.3.2 Mexico Next Generation Firewall Market by Services Type
- 8.4 Rest of North America Next Generation Firewall Market
- 8.4.1 Rest of North America Next Generation Firewall Market by Vertical
- 8.4.2 Rest of North America Next Generation Firewall Market by Organization Size
- 8.4.3 Rest of North America Next Generation Firewall Market by Type
- 8.4.3.1 Rest of North America Next Generation Firewall Market by Solution Type
- 8.4.3.2 Rest of North America Next Generation Firewall Market by Services Type
- Chapter 9. Company Profiles
- 9.1 Cisco Systems, Inc.
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Regional Analysis
- 9.1.4 Research & Development Expense
- 9.1.5 Recent strategies and developments:
- 9.1.5.1 Acquisition and Mergers:
- 9.1.6 SWOT Analysis
- 9.2 Check Point Software Technologies Ltd.
- 9.2.1 Company Overview
- 9.2.2 Financial Analysis
- 9.2.3 Regional Analysis
- 9.2.4 Research & Development Expenses
- 9.2.5 Recent strategies and developments:
- 9.2.5.1 Partnerships, Collaborations, and Agreements:
- 9.2.5.2 Product Launches and Product Expansions:
- 9.2.5.3 Acquisition and Mergers:
- 9.2.6 SWOT Analysis
- 9.3 Palo Alto Networks, Inc.
- 9.3.1 Company Overview
- 9.3.2 Financial Analysis
- 9.3.3 Regional Analysis
- 9.3.4 Research & Development Expense
- 9.3.5 Recent strategies and developments:
- 9.3.5.1 Partnerships, Collaborations, and Agreements:
- 9.3.5.2 Product Launches and Product Expansions:
- 9.3.5.3 Acquisition and Mergers:
- 9.3.6 SWOT Analysis
- 9.4 Barracuda Networks, Inc. (KKR & Co. Inc.)
- 9.4.1 Company Overview
- 9.4.2 Financial Analysis
- 9.4.3 Recent strategies and developments:
- 9.4.3.1 Product Launches and Product Expansions:
- 9.4.4 SWOT Analysis
- 9.5 Fortinet, Inc.
- 9.5.1 Company Overview
- 9.5.2 Financial Analysis
- 9.5.3 Regional Analysis
- 9.5.4 Research & Development Expenses
- 9.5.5 Recent strategies and developments:
- 9.5.5.1 Product Launches and Product Expansions:
- 9.5.5.2 Acquisition and Mergers:
- 9.5.6 SWOT Analysis
- 9.6 Raytheon Technologies Corporation
- 9.6.1 Company Overview
- 9.6.2 Financial Analysis
- 9.6.3 Segmental and Regional Analysis
- 9.6.4 Research & Development Expense
- 9.6.5 SWOT Analysis
- 9.7 Juniper Networks, Inc.
- 9.7.1 Company Overview
- 9.7.2 Financial Analysis
- 9.7.3 Regional Analysis
- 9.7.4 Research & Development Expenses
- 9.7.5 Recent strategies and developments:
- 9.7.5.1 Partnerships, Collaborations, and Agreements:
- 9.7.5.2 Acquisition and Mergers:
- 9.7.6 SWOT Analysis
- 9.8 Sophos Group PLC (Thoma Bravo)
- 9.8.1 Company Overview
- 9.8.2 Recent strategies and developments:
- 9.8.2.1 Product Launches and Product Expansions:
- 9.8.2.2 Acquisition and Mergers:
- 9.8.3 SWOT Analysis
- 9.9 SonicWall, Inc.
- 9.9.1 Company Overview
- 9.9.2 Recent strategies and developments:
- 9.9.2.1 Product Launches and Product Expansions:
- 9.9.2.2 Acquisition and Mergers:
- 9.9.3 SWOT Analysis
- 9.10. Hillstone Networks
- 9.10.1 Company Overview
- 9.10.2 SWOT Analysis
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