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The global web application firewall market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 19% during 2021-2026. 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.
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.
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 2021-2026. Our report has categorized the market based on deployment, organization size, service and end use industry.
Breakup by Deployment:
Breakup by Organization Size:
Breakup by Service:
Breakup by End Use Industry:
Breakup by 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||2020|
|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|
|Report Price and Purchase Option||Single User License: US$ 2299
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|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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