In terms of revenue, the Asia Pacific next generation firewall market amounted to a value of $XX million in 2018 and is projected to rise to $XX million by 2027. During the estimated period of 2019-2027, the market is anticipated to grow with 13.58% of CAGR. The growing stress on cybersecurity and the rising adoption of next generation firewall solutions are driving the growth of the NGFW market in the Asia Pacific region.
The emerging economies like South Korea, Japan, China, Australia, and India, along with the rest of Asia Pacific segment are studied in the Asia Pacific next generation firewall market. The NGFW market in India is primarily driven by supportive government policies coupled with rising awareness about the importance of cybersecurity. As the country is highly vulnerable to cyber-attacks, the government of India is tackling cybercrime through robust regulations and legal framework, along with other efforts. This will boost the integration of cybersecurity solutions in businesses in the country and create opportunities for the vendors. However, the lack of skilled cybersecurity professionals in the region will inhibit market growth.
Dell Technologies, Huawei Technologies Co., Ltd., Cisco Systems, Inc., and GajShield Infotech (I) Pvt. Ltd., among others are some of the leading players in the Asia Pacific next generation firewall market. The dominant players are focusing on strategies like partnerships, new product development, agreement, merger & acquisition, and others to hold a strong position in the market.