Latin America Next-generation Firewall Market Size & Outlook
The next-generation firewall market in Latin America is expected to reach a projected revenue of US$ 824.4 million by 2030. A compound annual growth rate of 9.3% is expected of Latin America next-generation firewall market from 2023 to 2030.
Revenue, 2022 (US$M)
$403.4
Forecast, 2030 (US$M)
$824.4
CAGR, 2023 - 2030
9.3%
Report Coverage
Latin America
Latin America next-generation firewall market, 2018-2030 (US$M)
Related Markets
Latin America next-generation firewall market highlights
- The Latin America next-generation firewall market generated a revenue of USD 403.4 million in 2022.
- The market is expected to grow at a CAGR of 9.3% from 2023 to 2030.
- In terms of segment, solution was the largest revenue generating component in 2022.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, Argentina is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 403.4 million |
| Market revenue in 2030 | USD 824.4 million |
| Growth rate | 9.3% (CAGR from 2022 to 2030) |
| Largest segment | Solution |
| Fastest growing segment | Services |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solution, Services |
| Key market players worldwide | Cisco Systems Inc, Barracuda Networks, Check Point Software Technologies Ltd, Juniper Networks Inc, Huawei Technologies, Palo Alto Networks Inc, Fortinet Inc, Forcepoint, Sophos, Zscaler Inc, WatchGuard, SonicWALL |
Other key industry trends
- In terms of revenue, Latin America region accounted for 8.5% of the global next-generation firewall market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,484.6 million by 2030.
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Next-generation Firewall Market Scope
Next-generation firewall market segmentation & scope
Others
Next-generation Firewall Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America next-generation firewall market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to next-generation firewall market will help companies and investors design strategic landscapes.
Solution was the largest segment with a revenue share of 66.98% in 2022. Horizon Databook has segmented the Latin America next-generation firewall market based on solution, services covering the revenue growth of each sub-segment from 2018 to 2030.
- Latin America Next-generation Firewall Component Outlook (Revenue, USD Million, 2018-2030)
- Solution
- Services
- Latin America Next-generation Firewall Product Outlook (Revenue, USD Million, 2018-2030)
- Hardware
- Virtual
- Cloud
- Latin America Next-generation Firewall Enterprise Size Outlook (Revenue, USD Million, 2018-2030)
- Large Size Enterprises
- Next-generation Firewall Market
- Latin America Next-generation Firewall Vertical Outlook (Revenue, USD Million, 2018-2030)
- BFSI
- Retail
- IT & Telecommunication
- Healthcare
- Energy & Utilities
- Manufacturing
- Government
- Others
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America next-generation firewall market, including forecasts for subscribers. This continent databook contains high-level insights into Latin America next-generation firewall market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Latin America next generation firewall market report size, by country, 2018-2030 (US$M)
Latin America Next-generation Firewall Market Share, 2022 & 2030 (US$M)
Related regional statistics
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