Web Application Firewall Market Size, Share

Press Release:

Global Web Application Firewall Market to Exhibit Strong Growth During 2020-2025, Spurred by Increasing Incidences of Internet Frauds

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Web Application Firewall Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

Market Overview:

The global web application firewall market grew at a CAGR of around 20% during 2014-2019. Web application firewall (WAF) refers to a hardware- or software-based solution used to monitor the network traffic on web-enabled applications. It provides protection by blocking data packets and establishing a secure barrier between the external environment and the computer. This prevents zero-day exploits, malware infections, impersonations and other unknown threats and cyber vulnerabilities. Some of the commonly used WAFs include network-, host- and cloud-based WAF. They filter an information source through whitelisting, blacklisting or a combination of both. They offer various advantages, such as agile protection against web attacks, improved visibility of the web traffic, ease of deployment and cost-effectiveness.

The increasing instances of cyberattacks and frauds over the internet represent as the key factors driving the growth of the market. WAFs are mainly used by organizations with online retailing and banking platforms to secure their operations and protect the sensitive data of consumers. Furthermore, widespread adoption of firewalls by the healthcare sector is providing a boost to the market. WAFs aid in preventing unauthorized access to critical healthcare networks and electronic patient records through Wi-Fi enabled equipment and other connected devices. Additionally, various technological advancements, such as the advent of virtual cloud resources, are acting as other growth-inducing factors. Cloud-based WAF solutions offer numerous services to organizations, such as bot detection and enforcement, access control, caching, threat intelligence, application program interface (API) and malware detection, that aid in monitoring the flow of data. Other factors, including improvements in the information technology (IT) infrastructure, along with extensive research and development (R&D) activities, are expected to drive the market further. Looking forward, IMARC Group expects the global web application firewall market to continue its strong growth during the next five years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global web application firewall market report, along with forecasts for growth at the global, regional and country level from 2020-2025. Our report has categorized the market based on deployment, organization size, service and end use industry.

Breakup by Deployment:

Cloud-based
On-premises

Breakup by Organization Size:

Large Enterprises
Small and Medium Enterprises

Breakup by Service:

Professional services
Managed services

Breakup by End Use Industry:

Government and Defense
BFSI
Retail
Healthcare
IT and Telecom
Energy and Utilities
Manufacturing
Others

Breakup by Region:

North America
- United States
- Canada
Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
Middle East and Africa

Competitive Landscape:

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.

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?