Global Web Application Firewall Market to Grow at 13.3% During 2025-2033, Bolstered by Growing Instances of Cyberattacks

November 22, 2024 | Technology & Media

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The latest report by IMARC Group, titled “Web Application Firewall Market Report by Deployment (Cloud-based, On-premises), Organization Size (Large Enterprises, Small and Medium Enterprises), Service (Professional services, Managed services), End Use Industry (Government and Defense, BFSI, Retail, Healthcare, IT and Telecom, Energy and Utilities, Manufacturing, and Others), and Region 2025-2033,” finds that the global web application firewall market size reached USD 6.2 Billion in 2024. 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.

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. Looking forward, the market value is projected to reach USD 19.2 Billion by 2033, expanding at a CAGR of 13.3% during 2025-2033.

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.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Segment Coverage	Deployment, Organization Size, Service, End Use Industry, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	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.
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Web Application Firewall Market to Grow at 13.3% During 2025-2033, Bolstered by Growing Instances of Cyberattacks

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