Global Next-Generation Firewall (NGFW) Market is Expected to Reach USD 5.5 Billion by 2025

The global next-generation firewall market is expected to reach USD 5.5 billion by 2025, growing at a CAGR of 12.4% during the forecast period. Introduction of virtual next-generation firewall providing security to the virtual network will be a key opportunity for the global NGFW market in near future.  

Government and public utilities are expected to account the largest market share by 2025

On the basis of industry vertical, the market is segmented into banking, financial services, and insurance (BFSI), retail, IT and telecommunications, government and public utilities, healthcare, energy and utilities, and others. Government and public utilities are expected to account the largest market share by 2025. However, BFSI is expected to grow at the fastest rate during the forecast period.

Geography Insight

Geographically, North America followed by Europe is the largest next-generation firewall market in terms of revenue. Being home of several large economies and financially and technologically advanced region, these regions captures a major market share of NGFW.

Competitive Insight

Some of the key players operating in the next-generation firewall market are Cisco Systems, Inc., Check Point Software Technologies Ltd, Palo Alto Networks, Inc., Barracuda Networks, Inc., Fortinet, Inc., Sonicwall Inc., Zscaler, Inc., Forcepoint LLC, Juniper Networks, Hillstone Networks, Sophos Ltd., and GajShield Infotech (I) Pvt. Ltd.

Key Takeaway from the Report:

• Among all the component, solution segment captures highest market share in 2019.
• Of all the delivery types, a cloud-based firewall is the fastest-growing delivery type in the next-generation firewall market.
• Among all the services, the professional service segment accounted for a larger share in the next-generation firewall market in 2019.
• Among all the organization size, SMEs is expected to accounted for larger market share in 2019
• Of all industry, government and public utilities are expected to account the largest market share by 2025.

The Report Offers:

• Historical market estimate for the years 2015–2019 and forecast for the years 2020–2025
• Insight on current market trends, market dynamics, key opportunities and major challenges in the industry
• Market insights by in-depth segmentation with industry dynamics.
• Competitive analysis and benchmarking of the industry leaders and their product offerings
• Profiles of leading players and innovators, their financial overview and product portfolio
• Analysis of key industry trends and recent developments
• Value chain analysis and distribution channel analysis with opportunity assessment
• Market share analysis of major players
  

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Global Security Policy Management Market is Expected to Reach USD 2.7 Billion by 2025

The global security policy management market is expected to reach USD 2.7 billion by 2025, growing at a CAGR of 11.0% during the forecast period. There is a gradual shift of security policy management from regular model to hybrid network Model. Further, government and other regulatory bodies are constantly asking organizations to implement required security policies. This will act as an opportunity for the global security policy management market in near future.  

BFSI and IT & telecom are the sectors expected to account the highest market share by 2025

On the basis of industry, the market is bifurcated into IT & telecom, healthcare, BFSI, manufacturing, energy & power, government, and others. BFSI and IT & telecom are the sectors expected to account the highest market share by 2025 and further grow at fastest rate due to large set of data exchange on regular basis.

Geography Insight

Geographically, North America is the largest security policy management market being early adopter of the technology and large number of IT companies residing in the region. Besides, the region is very much inclined towards the implementation of required security regulations and compliance. As a result, North America security policy management market will keep on growing in the years to come.

Competitive Insight

Some of the key players operating in the security policy management market are Cisco Systems, Inc., Check Point Software Technologies Ltd, Palo Alto Networks, Inc., Micro Focus International plc, McAfee, LLC, HelpSystems, LLC, AlgoSec, Juniper Networks, FireMon, LLC, and Tufin.

Key Takeaway from the Report:

• Among all the component, solution segment captures highest market share in 2019.
• Of all the organization size, large enterprises accounted for the foremost share in the security policy management market in 2019.
• Among all the applications, the network policy management segment accounted for a foremost share in the security policy management market in 2019.
• Of all industry, BFSI and IT & telecom are the sectors expected to account the highest market share by 2025.

The Report Offers:

• Historical market estimate for the years 2015–2019 and forecast for the years 2020–2025
• Insight on current market trends, market dynamics, key opportunities and major challenges in the industry
• Market insights by in-depth segmentation with industry dynamics.
• Competitive analysis and benchmarking of the industry leaders and their product offerings
• Profiles of leading players and innovators, their financial overview and product portfolio
• Analysis of key industry trends and recent developments
• Value chain analysis and distribution channel analysis with opportunity assessment
• Market share analysis of major players
  

Global Cloud Radio Access Network (C-RAN) Market Observing a CAGR of 20.0% during 2020–2025

The global cloud radio access network (C-RAN) market was valued at USD 8.5 billion in 2019, growing at a CAGR of 20.0% during the forecast period. Key players in the global C-RAN market are regularly focusing on new product development, partnerships, and collaborations to sustain and attain a competitive edge in the market. Further, mergers & acquisitions are other key strategies adopted by the players in the ecosystem. For instance, in 2019, Rakuten announced a strategic partnership with Altiostar to enhance its product portfolio across LTE and 5G technologies.

5G and LTE networks are expected to account the larger market share in 2019

On the basis of network type, the C-RAN market is subdivided into 3G, and LTE & 5G. Among these, 5G and LTE networks held a larger share in the C-RAN market in 2019. Rapid growth in the communication traffic in terms of data and calls leads to increased power consumption at the network operator level. This acts as an opportunity for C-RAN technology which provides lower power consumption, improved coverage, and virtualization in terms of traffic management.

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Geography Insight

Geographically, North America held the largest share in the global cloud radio access network (C-RAN) market in 2019, owing to the high adoption rates. Besides, the region is connected with complex networks across the industries in diverse verticals, this will further upsurge the growth of the C-RAN market in years to come.

Competitive Insight

Some of the key players operating in the global cloud radio access network (C-RAN) market are Nokia Corp, Cisco Systems, Inc., Samsung Electronics Co Ltd, ZTE Corp, Altiostar, Telefonaktiebolaget LM Ericsson, NEC Corporation, Huawei Technologies Co., Ltd., Fujitsu, Intel Corporation, and ASOCS Ltd.

Automated Guided Vehicle Market Outlook : Top Companies, Growth Factors, Technology & Innovation Trends from 2018 to 2024

Automated guided vehicle (AGV) is an automated transport system for safe transport of all material and products without any human restriction to adopt the increasing essential of automation in material handling. Enhanced safety standards at workplaces and mounting requirement for automation in material handling throughout industries are some of the factors driving the growth of the global automated guided vehicle market. Different types of AGV contributed to the automated guided vehicle market size. The market has witnessed high demand for tow vehicle in the coming years as it can shift heavy loads with various trailers and without any manual interface.

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Enhanced safety standards at workplaces, mounting requirement for automation in material handling throughout industries, free from human error, and mounting production owing to enhanced supply chain processes and are the primary growth drivers for automated guided vehicle market. In addition, evolving e-commerce industry is also driving the growth of the market. For instance, mounting attractiveness of online shopping is the significant feature advancing the progress of the e-commerce industry.

Geographically, Europe is the largest automated guided vehicle market due to competitive verge by easing the effectual management of overall warehousing operations. High labor cost, speedy acceptance of automation, mounting need and benefits offered by AGV and mounting need for material handling equipment are also up surging growth of the European automated guided vehicle market.

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In addition, Asia-Pacific is observed to witness fastest growth in the market due to rapidly budding e-commerce industry, In addition, several strategic installations of AVGs in India and China, need to ensure safety at workplace, mounting investment in automation sector and growing manufacturing sector are also some of the factors driving ample opportunities for the Asia-Pacific automated guided vehicle market.

Key players in the automated guided vehicle market are catering the demand by investing on technologically advanced AGVs across the globe. In January 2018, KION Group signed a strategic partnership with EP Equipment, a Chinese manufacturer, for entry-level, light-duty warehouse equipment. Daifuku, Kuka, KION Group, Hyster-Yale Materials Handling, JBT Corporation, Seegrid Corporation, SSI Schafer, Toyota Industries, EK Automation and Kollmorgen are the key players offering automated guided vehicle.

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Automotive Fuel-Cell Market Key Players, SWOT Analysis, Dynamics, Drivers, Key Indicators and Forecast to 2024

Automotive fuel cell is a fuel cell used in electric vehicle in combination of battery or instead of a battery. The global automotive fuel cell market is growing at a significant rate, due to decreased oil dependency and reduced amount of greenhouse gas. Different electrolyte type contributed to the automotive fuel cell market size. The market has witnessed high demand for Proton Exchange Membrane Fuel Cell (PEMFC) in the coming years due to small size, high-power density, high efficiency, light weight, and appropriate operating temperature. On the basis of electrolyte type, the automotive fuel cell market is subdivided Proton Exchange Membrane Fuel Cell (PEMFC) and Phosphoric Acid Fuel Cell (PAFC). Of both electrolyte types, Proton Exchange Membrane Fuel Cell (PEMFC) accounted the larger share and it is also predicted to grow at the faster rate in the market, due to small size, high-power density, high efficiency, light weight, and appropriate operating temperature.

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On the basis of vehicle type, the market is subdivided into trucks, passenger car (PC), buses and light commercial vehicle (LCV). Among the all vehicle types, the passenger cars accounted the largest share and is expected to grow at the fastest rate in the automotive fuel cell market due easiness of application of fuel cell technology, cost efficacy, augmented driving range, high demand for passenger cars, strict emission norms and elevated emphasis of OEMs to employ fuel cell technology in passenger cars.

Geographically, Asia-Pacific is the largest automotive fuel cell market due to greater production and commercialization of fuel cell vehicle. Green technologies, mounting hydrogen infrastructure and high recognition of electric vehicle are also up surging growth of the Asia-Pacific automotive fuel cell market

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Key players in the automotive fuel cell market are catering the demand by investing on technologically advanced automotive fuel cell across the globe. In August 2018, Ballard Power Systems signed an agreement to divest its subsidiary, Protonex, to retain assets related to fuel cell propulsion systems for commercial unmanned vehicles. Toshiba, ITM Power, Nedstack, Ballard Power Systems, Ceres Power, Hydrogenics, Plug Power and Delphi are the key players offering automotive fuel cell.

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Hybrid Vehicles Market Forecast 2018-2024 & Top Players – Toyota, Hyundai, ZF, Ford, Honda,

Hybrid vehicle is a vehicle exhausting two diverse forms of power such as an internal combustion engine and an electric motor. The global hybrid vehicle market is growing at significant rate, due to mounting alarm about environmental pollution and promising government strategies and supports. Different propulsion type contributed to the hybrid vehicle market size. The market has witnessed high demand for PHEV segment in the coming years due to mounting acceptance of mid and large-sized vehicles and the improvement of electric setup.

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On the basis of propulsion, the market is subdivided into hybrid electric vehicle (HEV), natural gas vehicle (NGV) and plug-in hybrid electric vehicle (PHEV). Among the all propulsion, the HEV segment accounted the largest share in the hybrid vehicle market. In addition, PHEV segment is expected to grow at the fastest rate in the market due to mounting acceptance of mid- and large-sized vehicles and the improvement of electric setup.

Globally industry players are leveraging market growth through launching new products. In addition, establishing manufacturing units for hybrid vehicles involve enormous capital and resource, which is not viable for the small and medium sized companies. Different players are investing in development of new battery technology to lower the cost of hybrid vehicles to compete against gasoline vehicles in terms of price and performance. In the coming years, industry leaders are anticipated to significantly lower the cost of these vehicles and enhance performance of these vehicles leading to adoption by masses.

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Geographically, Asia-Pacific is the largest hybrid vehicle market as it is home to various key players. Amplified sale of hybrid vehicles in Japan, South Korea and China, changing lifestyle, improving disposable income, mounting alertness about the advantages of hybrid vehicle, higher fuel price and government support and grants are also up surging growth of the Asia-Pacific hybrid vehicle market.

Key players in the hybrid vehicle market are catering the demand by collaborating with small players and investing on technologically advanced hybrid vehicle across the globe. In March 2018, Toyota and Suzuki Motor Corporation have signed an agreement for the conjoint supply of hybrid and other vehicles among the two companies for the Indian market. Toyota, Hyundai, ZF, Ford, Honda, Borgwarner, Volvo, Delphi Technologies, Daimler, Allison Transmission, Continental and Schaefler are the key players offering hybrid vehicle.

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Lab On Chip (LOC) Market Future Outlook: Investment Trends, Growth and Future Market Analysis by Regions forecast 2024

A lab-on-chip (LOC) helps in incorporating laboratory functions via sole unified circuit. Lab-on-chips has extensively evolved the field of diagnosis and is increasingly bein utilized in the application of microfluidic-chip-based technologies such as chemical synthesis, medical diagnostics and the study of complex cellular process. Moreover, LOC helps in providing quick diagnosis that are considered to be quiet accessible and easy to handle option, Furthermore, these are the reasons that have increased the significance of LOC market across the globe.

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Increase in adoption of personalized medicine, increase in drug discovery and life science research, use in bio-marker based detection and the need for high-speed diagnostics are the key factors driving the global lab-on-chip market. LOC technology is used for bacteria detection, real-time PCR, DNA check and cellular analysis in the biomedical field. This helps in lessening energy consumption with faster synthesis which helps in providing quick results and faster diagnosis which makes the LOC technology more significant in the biomedical field. Furthermore, LOC technology has proved extremely beneficial for bio-marker based detection which enables it to detect oral cancer at a very early stage and thus improves the survival rate. These factors are thereby strengthening the growth of LOC market.

Geographically, North America dominates the lab-on-chip market due to the increased demand for microfluidic products in pharma, diagnostic, and clinical domain in this region. Moreover, LOC technology is widely promoted and accepted in this region because of the cost efficiency and usage in a variety of applications. Furthermore, key players in North America are taking efforts towards the introduction of microfluidic products.

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Moreover, Asia-Pacific is anticipated to witness the fastest growth during the forecast period due to the increasing population and growing adoption of advanced technologies in this region. Furthermore, there are several government initiatives and increasing expenditure on highly innovative technologies paving way for the growth of the LOC market in this region.

The prominent players in the LOC market include Becton, Dickinson and Company, Agilent Technologies, Inc., PerkinElmer, Inc., Danaher Corporation, Bio-Rad Laboratories, Thermo Fisher Scientific, Abbott Laboratories, Roche Diagnostics, Siemens Healthcare, Bio-Rad Laboratories, Abaxis Inc., Achira Labs, Advanced Liquid Logic and Advanced Microlabs.


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