Global Web Application Firewall Market to Grow at 17.5% During 2022-2027, Bolstered by Growing Instances of Cyberattacks

October 30, 2020

The latest report by IMARC Group, titled “Web Application Firewall Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” finds that the global web application firewall market size reached US$ 4.1 Billion in 2021. A web application firewall (WAF) refers to hardware- or software-based solutions deployed via a proxy for monitoring the network traffic on web-enabled applications. They are used for filtering and blocking HTTP traffic to and from a web application to prevent attacks that may include cross-site scripting and forgery, file inclusion, SQL injection, and improper system configuration. These firewalls also assist in establishing a secure barrier between the computer and the external environment. In recent years, web application firewalls have gained traction as they are essential in filtering an information source through the process of whitelisting or blacklisting. This helps in offering agile protection to the applications against enhanced visibility of web traffic and web attacks at an affordable cost.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Global Web Application Firewall Market Trends:

The growing occurrence of cyberattacks and internet frauds on the global level represents the primary factor driving the market. WAF technologies are widely opted by organizations to prevent instances of malware, phishing and security threats. The market is further catalyzed by the various initiatives undertaken by the governments of different countries to create awareness regarding the importance of cybersecurity. The increasing adoption of cloud-based variants of WAF solutions is acting as another growth-inducing factor as they secure crucial data and the overall network, even when the user is offline. Besides this, there has been a rise in the utilization of WAF solutions in the healthcare sector to avoid unauthorized access to electronic patient records and crucial healthcare networks. Moreover, considerable improvements in the information technology (IT) infrastructure, the growing use of virtual cloud resources, and extensive research and development (R&D) activities conducted by several leading players are some of the other factors providing a positive outlook to the market. On account of these factors, the market is expected to grow at a CAGR of 17.5% during 2022-2027.

Market Summary:

  • Based on the deployment, the market has been bifurcated into cloud-based and on-premises.
  • On the basis of the organization size, the market has been segregated into large, and small and medium enterprises.
  • The market has been categorized based on the service into professional and managed services.
  • On the basis of the end use industry, the market has been classified into government and defense, BFSI, retail, healthcare, IT and telecom, energy and utilities, manufacturing, and others.
  • Region-wise, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa.
  • The competitive landscape of the market has also been examined, with some of the key players being Akamai Technologies Inc., Applicure Technology Ltd., Barracuda Networks Inc., Citrix Systems Inc., Cloudflare Inc., Ergon Informatik AG, F5 Networks Inc., Fortinet Inc., Imperva Inc., Nsfocus Information Technology Co. Ltd., Penta Security Systems Inc. (Finleap), Qualys Inc. and Radware Ltd.


About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us

IMARC Group

USA: +1-631-791-1145
Email: sales@imarcgroup.com
Website: https://www.imarcgroup.com
Follow us on twitter : @imarcglobal

Global Web Application Firewall Market to Grow at 17.5% During 2022-2027, Bolstered by Growing Instances of Cyberattacks
Select Licence Type



Benefits of Customization

Personalize This Research

Triangulate with your Data

Get Data as per your Format and Definition

Gain a Deeper Dive into a Specific Application, Geography, Customer or Competitor

Any level of Personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Bayer AH

It was indeed a great experience to work with IMARC on the assignment on Aqua market. The team had done a fantastic job in terms of what was expected, what was assured and what was the result… the report gave us many insights and market know how which allowed us to work on our strength and define exact strategies…

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More