Web Application Firewall Market: Global Industry Outlook, Forecast (2021-2027) & Key Trends

Web Application Firewall market is expected to be worth US$ 6.32 billion in 2021. The web Application Firewall Market is estimated to grow at a CAGR of 19.17% over the forecast period.

Web Application Firewall Market Overview:

A web application firewall (WAF) is a hardware or software technology for controlling and monitoring network commotion on web-based amenities. This firewall creates a sensibly secure boundary between the system and the outside world. It also defends the internetworking model's physical layer from the variability of assaults, including XSS, SQL injection, bridge scripting, DT, and RFI. While modernizes are thoroughly checked and delivered, WAF recognizes and inhibits efforts to attack known security weaknesses by narrowing the window of vulnerability. Other development elements include numerous expertise breakthroughs, such as the introduction of virtual cloud competencies. Bot identification and obedience, security systems, hoarding, advanced threat, application programme interface (API), and antivirus software are just a few of the topographies obtainable by cloud-based WAF ways to help initiatives manage the flow of data. Web Application Firewall Market To know about the Research Methodology :- Request Free Sample Report 2021 is considered as a base year to forecast the market from 2022 to 2027. 2021’s market size is estimated on real numbers and outputs of the key players and major players across the globe. The past five years' trends are considered while forecasting the market through 2027. 2021 is a year of exception and analysis, especially with the impact of lockdown by region.

Web Application Firewall Market Dynamics:

This market is being driven by rising consideration of online applications, excessive government regulations, the increasing need for compliance, quick expansion in IoT use, and technical saturation. Lower sound levels and better efficiency afforded by passive cooling when compared to traditional chillers, as well as neighbourhood cooling infrastructure, are speeding absorption chiller development across many suitable for industrial. This has become a popular choice among industrial consumers, and it is assisting in the achievement of legal and sustainability goals in the manufacturing industry. Additionally, the WAF market is growing as knowledge becomes more readily available and proprietary data systems become more integrated. Because these technologies analyse all outbound traffic regularly at the web application, scalability is the biggest major hurdle. In this instance, each protocol, such as HTTP and SMTP, requires its proxy programme, and push for new communication networks which have slowed protocol development. These factors are a major restraining factor for the web application firewall market. Integrating security vulnerabilities scanners' capabilities with development tools for web application security is currently popular. The adoption of some web application firewall technologies has increased as a result of changes in business and government laws, both expressly and intuitively. The Payment Card Industry Data Security Standard (PCI-DSS), is well-known legislation that encourages WAF to use in the operating system, on a conventional local server a common operating system, and on an appliances device which is giving a lucrative growth opportunity for the web application firewall market. Competitive Landscape in Web Application Firewall Market: The market for web application firewalls is competitive. Presently, the number of internet application attacks is expanding, generating new places for players, and prominent players are categorized as small, medium, and large businesses. Small and medium players have a lot of competition, which suggests there's a lot of competition in the market. Akamai Technologies Inc., F5 Networks Inc., Barracuda Networks Inc., Imperva, Inc., and others are major key players. Key Market Trends in Web Application Firewall Market: • Computers and cell phones aren't the only devices that can connect to a network in a medical environment. Wi-Fi equipped linked medical equipment use the internet to collect medical data and monitor health. While cybercriminals may not be able to obtain the knowledge they require directly from linked medical equipment, they can use distant network access to gain control over the entire network. • Firewalls defend EHRs (Electronic Health Records) and personal health information (PHI) against viruses as well as other cyber assaults and are the first line of defence for any health system.

Web Application Firewall Market Segment Analysis:

By Component, the market is segmented into Services and Solutions. The Solution segment is expected to grow at a CAGR of 11.2% through the forecast period. Bot identification and compliance, caching, API protection, Directed Denial of Service (DDoS) mitigation, security systems, advanced threat, and virus detection are just a few of its feature which is the major reason for driving the growth of this segment. However, A WAF services are controlled by a set of automatically as guidelines. By screening out harmful communications, these guidelines try to guard against software vulnerabilities. The usefulness of a WAF is derived in part from the simplicity and convenience with which policy modifications may be deployed, leading to a faster reaction to various threat vectors rate capping can be swiftly imposed by updating WAF policies during a DDoS attack. Web Application Firewall MarketBy Vertical, the market is segmented into telecom & IT, Energy & Utilities, Education, BFSI, Government and Defence, Retail, Healthcare, and Others. The BFSI segment held the largest market share accounting for 28% in 2021. Strict cyber security legislation in prominent countries are expected to produce a substantial number of changes in the WAF market to ensure protection in a multitude of areas, comprising healthcare, BFSI, and government bodies. The increase in legal and regulatory obligations, such as the Payment Card Industry Data Security Standard (PCI DSS), is also helping the WAF market's growth.

Web Application Firewall Market Regional Insights:

The North American region held the largest market share accounting for 45.6% in 2021. North America is regarded as the most developed region for technology acceptance and equipment regarding security breach occurrences and the existence of cyber security companies. In the region, promoting awareness of the hazards is a significant security and economic concern. In recent years, the increasing concerns over the security of confidential documents have resulted in more government involvement. In terms of privacy vendor penetration, North America is in the lead. Because of established countries like the United States and Canada, North America is the most sophisticated region in terms of cyber information security usage and infrastructures. On the other hand, the emerging IoT trend, as well as increased externally and internally risks, are motivating enterprises to develop WAF solutions that are driving the WAF market forward. The objective of the report is to present a comprehensive analysis of the market 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. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. 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 market dynamics, structure by analyzing the market segments and projecting the market size. Clear representation of competitive analysis of key players by Technology, price, financial position, product portfolio, growth strategies, and regional presence in the market makes the report investor's guide.

Web Application Firewall Market Scope: Inquiry Before Buying

Web Application Firewall Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2027
Historical Data: 2017 to 2021 Market Size in 2021: US $ 6.32 Bn.
Forecast Period 2022 to 2027 CAGR: 19.17% Market Size in 2027: US $ 18.10 Bn.
Segments Covered: by Component • Services • Solution
by Vertical • Telecom & IT • Energy & Utilities • Education • BFSI • Government and Defense • Retail • Healthcare • Others
by Organisation Size • Small & Medium Enterprises • Large Enterprises
by Professional Services • Support & Maintenance • System Integration • Consulting • Training & Education

Web Application Firewall Market by Region

• North America • Europe • Asia Pacific • South America • The Middle East and Africa

Web Application Firewall Market Key Players

• Barracuda • Denyall • Akamai • Citrix • Cloudflare • F5 Networks • Penta Security Systems • Trustwave • Radware • Trustwave • Ergon Informatik • Ust Global • Nsfocus • Fortinet • Imperva Inc. Frequently Asked Questions: 1] What segments are covered in the Web Application Firewall Market report? Ans. The segments covered in the Web Application Firewall Market report are based on Component, Vertical, Organisation Size and Professional Services. 2] Which region is expected to hold the highest share in the Web Application Firewall Market? Ans. The North American region is expected to hold the highest share in the Web Application Firewall Market. 3] What is the market size of the Web Application Firewall Market by 2027? Ans. The market size of the Web Application Firewall Market is expected to be 18.10 Bn. by 2027. 4] What is the forecast period for the Web Application Firewall Market? Ans. The forecast period for the Web Application Firewall Market is 2022-2027. 5] What was the market size of the Web Application Firewall market in 2021? Ans. The market size of the Web Application Firewall market in 2021 was US$ 6.32 Bn.

About This Report

Report ID 6556
Category Information Technology & Telecommunication
Published Date Oct 2021
Updated Date Mar 2022
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