The valuation of the next-generation firewall 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.

Between these, the solutions category held higher share in the next-generation firewall market during the last few years. This was because of the large-scale adoption of cloud-based solutions by several businesses and organizations around the world. When enterprise size is taken into consideration, the market is classified into small and medium-sized enterprises (SMEs) and large enterprises. Of these, the SMEs category is predicted to exhibit faster growth in the market in the upcoming years.

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This is credited to the fact that the next-generation firewall solutions are highly cost-effective and provide extremely comprehensive network visibility, thereby making them highly suitable for use in small and medium-sized enterprises. Across the globe, the next-generation firewall market will demonstrate the fastest growth in the Asia-Pacific (APAC) region in the coming years, as per the estimates of the market research company, PS Intelligence.

This will be because of the rising prevalence of cyber attacks and threats in the region. Therefore, it is clear that the demand for next-generation firewall solutions will soar all over the world in the forthcoming years, primarily because of the growing prevalence of cyber attacks and threats and the rising requirement for advanced firewall solutions among businesses.