Qian Zhan Wang·2026-01-14 08:17Global Firewall Market Overview - The global firewall market is projected to grow from $6.924 billion in 2016 to $22.415 billion by 2024, with a peak growth rate of 30.03% in 2021 due to increased demand for cybersecurity solutions amid the pandemic [1] - The surge in demand is attributed to the need for businesses to upgrade or acquire firewall devices to protect against cyber threats and secure internal data [1] Next-Generation Firewall Market Outlook - The global next-generation firewall market is expected to grow from $18.1 billion in 2024 to $21.8 billion by 2028, indicating a positive growth trend [2] - The U.S. market for next-generation firewalls, which is the largest globally, is projected to increase from $7.3 billion in 2024 to $9 billion by 2028, representing 40.3% of the global market share [5] Importance of Firewalls in Cybersecurity - Firewalls are considered a fundamental necessity in network security, serving as the first line of defense for end-users [6] - According to IDC's 2024 global survey, 53.4% of customers believe that hardware firewall products will account for more than half of their overall security solutions by 2030 [6][8] Future Growth Projections - The global firewall market is anticipated to have a compound annual growth rate (CAGR) of 10.41% from 2025 to 2030, with the market size expected to reach approximately $23.8 billion in 2025 and $39 billion by 2030 [9]