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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.
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.
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:
WAF finds applications in large enterprises on account of their increasing focus on ensuring secure access to network devices.
Breakup by Service:
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:
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 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||2021|
|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$ 2499
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Corporate License: US$ 4499
|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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