India Next-Generation Firewall Market Size is Expected to Reach $494 Million by 2028

The Next Generation Firewall (NGFW) is a new type of network security device developed based on traditional firewalls. It has more efficient and intelligent features in maintaining network security and filtering malicious traffic. Compared to traditional firewalls, next-generation firewalls provide more advanced and intelligent features to cope with constantly changing and upgrading network attack methods.

Overview of Market Development

The next-generation firewall, as an efficient and intelligent network security solution, can meet the needs of enterprises for network security. With the popularization of mobile Internet and the wide application of mobile devices in India, mobile security has become the focus of enterprises. The next-generation firewall can provide comprehensive mobile security solutions to meet the needs of enterprises for mobile security.

In recent years, the next-generation firewall market in India has shown a rapid growth trend. According to our research data, the size of the next-generation firewall market in India was $360 million in 2023, an increase of 13.40% compared to 2022. With the increasing emphasis of Indian companies on cybersecurity and the popularization of new technologies such as cloud computing, big data, and the Internet of Things, the market is expected to continue to grow rapidly in the coming years.It is expected that by 2028, the size of the next-generation firewall market in India will increase to $494 million.

Analysis of Market Competitive Landscape

From the perspective of market competition, the next-generation firewall market in India is showing a diversified competitive trend with moderate market concentration.The data shows that in 2023, the total output value of next-generation firewalls for the top 3 enterprises in the industry was $107 million, with a total share of 29.77%; The total output value of the next-generation firewall of Top 6 enterprises was $178 million, with a total share of 49.39%.The top three companies were Fortinet, Inc., Sophos Group Plc., and Cisco Systems, Inc. In 2023, these three companies accounted for 13.00%, 9.52%, and 7.25% of the India next-generation firewall market, respectively.

India Next-Generation Firewall Market Size Forecast and Competitive Landscape Analysis

Source: www.globalmarketmonitor.com

Segmented Market Analysis

From the perspective of product types, next-generation firewalls can usually be divided into two categories based on their physical characteristics: software firewalls and hardware firewalls. Among them, software firewalls dominate the market. According to the data, in 2023, in the India next-generation firewall market, the software firewall segment market size was $307 million, with a market share of 85.27%.

India Next-Generation Firewall Market Size and Share by Type in 2023

Types	Market Size (Million USD)	Market Share
Software Firewalls	307	85.27%
Hardware Firewalls	53	14.73%

Source: www.globalmarketmonitor.com

Development Trend Analysis

From the perspective of technological trends, the rapid development of emerging technologies such as virtualization, cloud computing, and artificial intelligence will have a significant impact on the next-generation firewall market in India. Virtualization technology can improve the flexibility and scalability of firewalls; Cloud computing technology can achieve on-demand deployment and elastic expansion of firewalls; Artificial intelligence technology can achieve more intelligent network security protection by analyzing big data and learning user behavior. The development of these technologies will drive innovation and growth in the next-generation firewall market in India.

For more industry information, please refer to our latest released "2023 Global Next-Generation Firewall Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast".