Global Next-Generation Firewall Market: Trends, Opportunities, and Forecasts 2022-2030
The global next-generation firewall market size is anticipated to reach USD 10.99 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 11.1% from 2022 to 2030. Growing internal and external threats across devices and rapid adoption of internet of things (IoT) is expected to drive the demand for next-generation firewall solution and services among industries. The COVID-19 pandemic had a positive impact on the next-generation firewall market. Numerous organizations adopted online platforms to operate their businesses as a response to work from the home situation due to the pandemic. Several industry players such as Cisco Systems Inc., Barracuda Networks, Inc., Juniper Networks, Inc., Huawei Technologies Co., Ltd., Fortinet, Inc., and Palo Alto Networks witnessed a growth in sales of next-generation firewall technology during the pandemic. Several market players offer s...