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Demand for Cyber-Security System in Various Enterprises Brings Revenue to Third Generation of Network Firewall Market

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Published on : Sep 15, 2020

Third generation of network, also referred to as next-generation firewall (NGFW), provides advanced solution to evolved cyber threat. Application-level traffic inspection, in-line deep packet inspection (DPI), and intrusion prevention (IPS) are few added features in the present network firewall. These applications provide protection against data breach and IoT-based complex threat landscape. 

Moreover, regulatory norms formed by government bodies for data safety and security is boosting the adoption rate of third generation of network firewall in various countries. These factors, conjointly, are contributing to growth of global the third generation of network firewall market. 

The report titled “Global The Third-generation of Network Firewall Market Size, Status and Forecast 2020-2026” provides important growth insights that are likely to influence the third generation of network firewall market in forthcoming years. 

Composed of 93 pages, the third generation of network firewall market report is presented in a chapter-wise format. Each chapter focusses on different elements and their influence on the third generation of network firewall market. The report also includes an exhaustive array of graphs and pictorial representations to depict growth trends pictorially.

Preparation of the report involved extensive research. Analysts reached out to proprietary databases and carried out in-person interviews with the experts of industry for the viewpoint on trends in  the third generation network firewall market . The history years considered for the report is between 2015 and 2019, and the forecast period is 2020 to 2026. 

The report divides the third generation of network firewall market on the basis of product type, application, operation, and region. It has also focused on drivers contributing to the growth of the market, application areas, competitive landscape, upcoming opportunities, and possible restraining factors.

Safeguarding Data Management Against Cyber Threat Resulting in Integration of Third Generation Network Firewall

Enterprises are adopting artificial intelligence and machine learning models to manage large volume of data. This is helping in procuring product demand insights and enhancing customer experience. At the same time, these technologies put the data at the risk of cyber threat. If data goes out of hand, it will result in instant collapse of entire product vertical. Also, the brand image will be ruined. Hence, to protect data and to maintain the customer trust, the companies are investing massively in their security system.

Moreover, small and medium enterprises are contributing significantly to the expansion of the third generation network firewall market. This is due to large-scale implementation of advanced firewall technology. These enterprises are spending substantially on IT security.

Healthcare is another sector that is witnessing wide-scale adoption of digital technology to maintain medical record. To avoid any kind of data breach, healthcare organizations are integrating firewall solutions in the system. The integration is likely to boost the third-generation network firewall market.

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Lack of Manpower to Operate Advanced Security System Restraining Market Growth

Rising concerns and simultaneous investment in security system are significant factors driving the third generation network firewall market. However, performance issues related with cloud protection, and lack of skills to operate the security system are acting as restraining factor to the growth of the third generation network firewall system. 

Companies involved in manufacturing of third generation network firewall are investing on trying to come up with user-friendly interfacing systems. This will facilitates easy installation and wide scale implementation of third generation network system.  Some of the key manufacturing companies are Forcepoint, Sopho, Huawei, Barracuda Networks, SonicWall, Check Point, Juniper Networks, Cisco, Palo Alto Networks, and Fortinet.