Due to the various limitations of the conventionally used firewall, the demand for next-generation firewall is surging sharply all over the world. The traditionally used firewall is not able to handle the rapidly changing internet security requirements of businesses, as it is based on web protocols and cannot efficiently distinguish between several types of web traffic such as the ones coming from legitimate business applications. This firewall either rejects or accepts the overall data traffic.

Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/next-generation-firewall-market/report-sample

As a result, it is not a feasible solution for businesses. Moreover, the adoption of virtual applications and machines by businesses is increasingly rapidly, which is, in turn, pushing up the demand for improved cybersecurity solutions. Because of these reasons, organizations are now adopting next-generation firewall solutions that add multiple protection layers such as application-level inspection and intrusion protection and improve the efficiency of the conventionally used firewalls via protocol protection.

Besides the above-mentioned factor, the growing prevalence of cyber attacks and threats is also positively impacting the demand for next-generation firewall solutions around the world. For instance, the U.S. witnessed the reporting of nearly 2.5 million cybercrime cases in 2017 and this number grew to 2.9 million in 2018. With the surge in the prevalence of cybercrimes, the demand for platforms that can meet the soaring requirements for cyber security is growing rapidly all over the globe.

This is subsequently bolstering the worldwide demand for next-generation firewall solutions, which is, in turn, driving the advancement of the global next-generation firewall market. As a result, the valuation of the market is predicted to grow from $2,706.9 million in 2019 to $5,188.8 million by 2025. Furthermore, the market is predicted to progress at a CAGR of 11.9% between 2020 and 2025. Depending on component, the market is divided into solutions and services.

This market research report provides a comprehensive overview of the 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
* Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings