The Next-Generation Firewall (NGFW) Market size  was valued at approximately USD 6.3 billion in 2024 and is projected to reach around USD 15.7 billion by 2031, growing at a CAGR of 12% during the forecast period from 2024 to 2031.The Next-Generation Firewall (NGFW) Market is growing due to the rising cyber threats, increased adoption of cloud services, and the need for advanced network security solutions.

  -Recent Launches in U.S Market-In October 2025, NETGEAR launched a cloud-managed cybersecurity solution for SMEs and MSPs, integrating SASE, hybrid firewall, AI-powered ZTNA, SWG, and SD-WAN to provide scalable, cost-effective network security.

  -Recent Launches in Japan Market- In April 2025, Neusoft unveiled its NISG 9000Std next-gen firewall and UTM solution at Japan IT Week, offering SMBs an easy-to-manage, all-in-one security platform with real-time monitoring and centralized protection.

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Market Segmentation-

By Component

 -Solutions – Includes software-based NGFW solutions for threat detection, application control, and policy management.

 -Hardware – Physical firewall devices deployed on-premises for enterprise network protection.

 -Virtual – Software-based firewalls deployed in virtualized environments, supporting cloud and hybrid infrastructures.

 -Cloud-Based – NGFW solutions delivered as a cloud service, enabling remote management and scalability.

 -Services – Consulting, implementation, integration, and support services associated with NGFW deployment.

 -Consulting, Support, and Maintenance – Expert guidance, technical support, and ongoing maintenance for firewall systems.

 -Training and Education – Programs aimed at enhancing workforce skills in network security and firewall management.

 -Others – Includes emerging components and ancillary tools that complement NGFW systems.

By Organization Size

 -Small and Medium-Sized Enterprises (SMEs) – Adoption of scalable and cost-effective NGFW solutions suitable for smaller networks.

 -Large Enterprises – Deployment of robust, high-capacity NGFWs for complex, multi-location organizational networks.

By Vertical

 -Banking, Financial Services, and Insurance (BFSI) – Protection of sensitive financial data and compliance with regulatory standards.

 -IT and Telecommunications – Securing high-volume networks, data centers, and cloud services.

 -Government and Public Utilities – Safeguarding critical infrastructure and citizen data from cyber threats.

 -Healthcare – Protecting patient records, hospital networks, and medical devices.

 -Others – Includes retail, education, manufacturing, and other sectors requiring network security solutions.

Recent development :- 

✅ In August 2025, SonicWall launched its Generation 8 firewall series, featuring nine new models designed for Managed Service Providers (MSPs) and Managed Security Service Providers (MSSPs). These firewalls integrate unified management, Zero Trust Network Access (ZTNA), and co-managed security services, aiming to enhance cybersecurity solutions for small to mid-sized enterprises.

✅ In April 2025, Palo Alto Networks announced its acquisition of AI cybersecurity startup Protect AI for approximately $650–$700 million. This acquisition aims to bolster Palo Alto's AI-driven security capabilities, enhancing its Next-Generation Firewall offerings with advanced artificial intelligence features. 

Market Drivers:- 

 -Rising Cybersecurity Threats – Increasing sophistication of cyberattacks, including ransomware, phishing, and malware, is driving demand for advanced firewall solutions.

 -Cloud Adoption and Digital Transformation – Organizations migrating to cloud services and hybrid IT infrastructures require NGFWs to secure networks, applications, and data across multiple environments.

 -Remote Work Expansion – The growing prevalence of remote and hybrid workforces necessitates robust network security and secure access solutions.

 -Regulatory Compliance – Stricter data protection regulations (e.g., GDPR, HIPAA) are pushing organizations to adopt advanced firewall solutions to ensure compliance.

 -Integration of AI and Automation – AI-driven threat detection, automated monitoring, and centralized management features in NGFWs enhance network security and operational efficiency.

Market key players-

 -Palo Alto Networks

 -Fortinet

 -Cisco Systems

 -Check Point Software Technologies

 -Juniper Networks

 -Huawei Technologies

 -SonicWall

 -Barracuda Networks

 -Forcepoint

 -WatchGuard Technologies

 -Sophos

 -Hillstone Networks

 -Zscaler

 -Trend Micro

 -Untangle

 -Sangfor Technologies

 -GajShield Infotech

 -F5 Networks

 -Alibaba Cloud

 -Dell Technologies

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