Application Gateway Market: Global Industry Analysis and Forecast (2023-2029)

Application Gateway Market size was valued nearly US$ 2.12 Bn. in 2022 and is expected to grow at a CAGR of 10.79 % over 2023-2029, to account for US$ 4.35 Bn. in 2029.
Application Gateway Market Overview and Dynamic:
The Application Gateway is an application program that runs on server and client networks. The application gateway protects and hides information from individual computers behind the firewall, providing network security. When a client tries to connect to a destination and negotiates with the application gateway to communicate with the target behind the firewall, the application gateway creates a proxy connection between the client and the application proxy. The application proxy communicates with the destination.



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During the forecast period of 2022 to 2029, the rapid development in the number of application-layer attacks is projected to impact the growth of the market. The application gateway market is expected to develop in response to the rising demand for secure networks and the frequency of various application-layer attacks. Furthermore, the rise in security concerns among businesses is expected to have a beneficial impact on market growth. Furthermore, the rising adoption of technology and the growing requirement for effective management of IT risk and compliance monitoring are likely to drive up demand for application gateways, driving the market forward. The surge in usage of the Internet of Things (IoT), artificial intelligence (AI), and software-defined networks will provide lucrative opportunities for market expansion throughout the projection period.

However, in the forecasted period, the lack of mandatory regulations for information security and technical issues are expected to act as major restraints on application gateway market growth. In contrast, the lack of technical expertise may present challenges to application gateway market growth in the forecast period.

Application Gateway Market Trends:

Healthcare is expected to grow significantly.
Application-layer attacks are becoming more common.
Demand for secure networks is increasing.
Application Gateway Market Segmentation:
The MMR report covers all segments in the application gateway market such as Component, Service l, Organization Size and Vertical.

Healthcare Segment is expected to account for the Largest 26% Market Share By 2029.



Based on the vertical, the healthcare is projected to grow at the highest CAGR of 26% to reach US$ XX Bn. by 2029. Healthcare records are digitally saved and contain personal information. The healthcare industry is now undergoing a cybersecurity strategy shift from a compliance and HIPAA-focused approach to a more complete and security-centric approach.

Solution Segment Expected to Hold Significant Share by 2029:

By component, the solution segment is projected to witness the highest CAGR of 11.05% during 2023-2029. The application gateway market's participants are concentrating on developing innovative solutions to address security risks and phishing attempts against employees, as well as ransomware, advanced persistent threats, denial-of-service attacks, and securing mobile devices allowed for employees. However, in the next 5 years, the service industry is expected to increase at a fast pace.
Reginal Analysis:
North America accounted for the largest market share in 2022, with a market value of US$ XX Bn; the regional market is expected to register a CAGR of 11.20% during 2023-2029. Cyber-attacks are becoming more common, and data security is becoming more important for small and medium-sized enterprises. Because of its early embrace of technology and the growing demand for effective management of IT risks and compliance monitoring, North America dominates the industry.

IT developments, communications technology, and the smart energy grid are reshaping the essential infrastructure and commercial networks of every country. With fast expanding technology, however, comes quickly changing threats. Businesses in the United States were hacked 7,073,069 times in 2019, according to the US Department of Homeland Security.

Competitive Landscape:

The competitive landscape section in the application gateway market offers a deep dive into the profiles of the leading companies operating in the global market landscape. It offers captivating insights on the key developments, differential strategies, and other crucial aspects about the companies having a stronghold in market globally. Such as, Orange Business Services announced the completion of its acquisition of SecureLink, a European cybersecurity company, in January 2020.

The objective of the report is to present a comprehensive analysis of the global Application Gateway  to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Application Gateway dynamic, structure by analyzing the market segments and projecting the market size. Clear representation of competitive analysis of key players by Vehicle type, price, financial position, product portfolio, growth strategies, and regional presence in the Application Gateway make the report investor’s guide.
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Application Gateway Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 1.92 Bn.


Forecast Period 2023 to 2029 CAGR:
10.79 %
Market Size in 2029:
US $ 4.35 Bn.


 Segments Covered:
by Organization Size
Large enterprises
Small and Medium-sized Enterprises (SMEs)


by Component
Solution
Services


by Service
Consulting
Integration and deployment
Support and maintenance


by Vertical
Banking, Financial Services, and Insurance (BFSI)
IT and Telecommunication
Manufacturing
Government and public sector
Retail
Healthcare
Others (education, and energy and utilities)



Application Gateway Market by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Key Players
1. Aculab
2. Akamai
3. Avi Networks
4. Barracuda Networks
5. Citrix
6. F5 Networks
7. Forcepoint
8. Imperva
9. Kemp Technologies
10.Microsoft
11.Orange
12.Palo Alto Networks
13.SAP
14.Snapt
15.Zscaler

Frequently Asked Questions:

1] What segments are covered in the Application Gateway Market report?
Ans. The segments covered in the Application Gateway Market report are based on Component, Service, Organization Size and Vertical.

2] Which region is expected to hold the highest share in the Application Gateway Market?
Ans. North America region is expected to hold the highest share in the Application Gateway Market.

3] What is the market size of the Application Gateway Market by 2029?
Ans. The market size of the market by 2029 is US$ 4.35 Bn.

4] What is the forecast period for the Application Gateway Market?
Ans. The forecast period for the Application Gateway Market is 2023-2029.

5] What was the market size of the Application Gateway Market in 2022?
Ans. The market size of the Application Gateway Market in 2022 was US$ 2.12 Bn.