According to Coherent Market Insights, the global next-generation firewall market reached a valuation of US$ 4,561.0 million in 2023 and is projected to achieve a value of US$ 8,233.2 million by 2030, exhibiting a Compound Annual Growth Rate (CAGR) of 8.8% between 2023 and 2030.
The growth of the next-generation firewall market is primarily attributed to the increasing cyber threats and the growing demand for advanced security solutions. As cyber-attacks become more sophisticated and the incidence of data breaches rises, organizations are progressively investing in robust security solutions to safeguard their critical assets. Next-generation firewalls incorporate advanced features such as intrusion prevention, deep packet inspection, and application awareness, offering enhanced protection against evolving threats.
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