The global web application firewall market reached a value of US$ 4.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 10.4 Billion by 2027, exhibiting a CAGR of 17.5% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
A web application firewall (WAF) monitors network traffic on web-enabled applications. It assists in blocking data packets and establishing a protected barrier between the computer and the external environment. It also helps prevent zero-day exploits, malware infections, impersonations, and unauthorized cyber vulnerabilities. It provides web security at the application layer of the open system interconnection model from several attacks, such as cross-site scripting (XSS), structured query language (SQL) injection, and request for information (RFI). Besides this, as WAF offers improved visibility of web traffic, ease of deployment, and cost-effectiveness, it finds extensive applications in various industry verticals across the globe.
Web Application Firewall Market Trends:
Rapid digitization, the growing occurrence of cyberattacks, and internet fraud on the global level are among the key factors positively influencing the market. In addition, the increasing adoption of WAF by numerous organizations to prevent malware, phishing, and security threats are creating a positive outlook for the market. Along with this, the rising employment of firewalls in the healthcare industry to prevent unauthorized access to critical healthcare networks and electronic patient records through Wi-Fi-enabled equipment is driving the market. Additionally, cloud-based WAF solutions offer numerous services to organizations, including bot detection and enforcement, access control, caching, threat intelligence, application program interface (API), and malware detection. Moreover, improvements in the information technology (IT) infrastructure and increasing investments by leading market players in research and development (R&D) activities are propelling the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global web application firewall market, along with forecasts at the global, regional, and country-level from 2022-2027. Our report has categorized the market based on deployment, organization size, service, and end-use industry.
Breakup by Deployment:
On-premises WAF represents the largest market segment as it helps prevent the risk of threats from advanced cyber-attacks or ransomware.
Breakup by Organization Size:
- Large Enterprises
- Small and Medium Enterprises
WAF finds applications in large enterprises on account of their increasing focus on ensuring secure access to network devices.
Breakup by Service:
- Professional services
- Managed services
WAF is extensively used for professional services as it protects websites and other web applications by inspecting and filtering traffic between the website and visitors accessing the site.
Breakup by End Use Industry:
- Government and Defense
- IT and Telecom
- Energy and Utilities
WAF is employed in the BFSI industry to prevent unauthorized access to the confidential data of customers and eliminate the risk of scams and cyber-attacks.
Breakup by Region:
- North America
- Asia Pacific
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
North America presently exhibits a clear dominance in the market due to the presence of security vendors and increasing security breach incidents in the region.
The competitive landscape of the industry 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.
|Base Year of the Analysis
||Deployment, Organization Size, Service, End Use Industry, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||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.
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Key Questions Answered in This Report:
- How has the global web application firewall market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global web application firewall market?
- What are the key regional markets?
- What is the breakup of the market based on the deployment?
- What is the breakup of the market based on the organization size?
- What is the breakup of the market based on the service?
- What is the breakup of the market based on the end use industry?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global web application firewall market and who are the key players?
- What is the degree of competition in the industry?