Web Application Firewall Market- Global Industry Analysis and Forecasts 2022-2029

Web Application Firewall Market was valued at US$ 5.45 Bn. in 2021. The Global Web Application Firewall Market size is estimated to grow at a CAGR of 18.2% over the forecast period.
Web Application Firewall Market Overview:
The report explores the Web Application Firewall market's segments (Organization Size, Component, Deployment Model, End-User, and Region). Data has been provided by market participants and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). This market report provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2017 to 2021. The report investigates the Global Web Application Firewall market's drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Global Web Application Firewall market's contemporary competitive scenario.To know about the Research Methodology:-Request Free Sample Report
Web Application Firewall Market Dynamics:
The WAF Provides an Interconnection Between the System and the External Environment:

The web application firewall (WAF) is specially designed for the enhancement of security levels for web conversations or HTTP conversations. It simply has a set of rules that identify and block the threats that can harm the system. There is a rise in the number of cyberattacks is one of the factors that is leading to the increase in the demand for the Web Application Firewall in the market.

The increasing cloud-based solutions are also demanding the protections, stringent industry standards & regulatory compliance with increasing the application area and a dearth of the trained professionals are the factors that are significantly driving the growth of the market through the forecast period. The firewall creates a secured connection between a system and the external environment by providing web protections at the open system interconnection model’s application layer from many attack types such as XXS, SQL injections, Cross-site scripting, DT, and RFI. These are the major driving factors of the market through the forecast period.

The Rise in the Web Attacks Such as Cyber Theft, Espionage, and Others:

A significant rise in the web attacks, such as cyber theft, espionage, vandalism, and fraud, government regulations, the need for compliance and technological proliferation, and the increasing penetration of IoT has led to a rise in the demand for the web application firewall. The WAF technology that is currently in trend is offering machine learning and artificial intelligence, which plays a very important role in the WAF arena. The major vendors are also offering support services including system integration and training, along with support and maintenance, for a seamless transition and implementation of WAF solutions. These are major factors that are creating opportunities for the growth of the Web Application Firewall Market through the forecast period.

The high cost associated with the WAF’s deployment is limiting its growth:

The high cost that is associated with the deployment of the application-based WAF and also the competition with integrated Unified Threat Management (UTM) solutions is likely to be the main factor that is restraining the growth. Also. The performance is often an issue as these tools inspect all incoming and outgoing traffic at the application layer. Each protocol, such as SMTP and HTTP, requires its own proxy application, and support for new network applications and protocols can become slow to emerge. These factors are restraining the growth of the market through the forecast period.

Web Application Firewall Market Trends:

The web application firewall (WAF) refers to a hardware or software-based solution that is 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 system. This provides various benefits such as agile protection against web attacks, improved visibility of the web traffic, ease of deployment, and cost-effectiveness. The increase in the number of cyber-attacks and frauds that occur over the internet is driving the growth of the market.

The organizations like banking platforms and online retailing majorly use these for securing their operations and protecting the sensitive data of their customers. Additionally, the various technological advancements that led to an increase in the use of virtual cloud resource is acting as a growth factor for the WAF market through the forecast period.
Web Application Firewall Market Segment Analysis:
Based on Deployment, the Global Web Application Firewall Market is segmented into On-premises and Cloud-based. The Cloud-based segment has dominated the largest market share accounting for 48% in 2021, and is expected to grow at a CAGR of 17% during the forecast period. The increasing adoption of cloud-based computing technologies is expected to drive the market over the coming years during the forecast period. This cloud-based WAF is a security solution that filters, monitors, and blocks malicious traffic targeting web applications. It provides protection from attacks such as cross-site scripting (XSS), SQL injection, and malware. Cloud-based WAFs are easy to deploy and offer real-time visibility into attacks. They are available in both managed and unmanaged versions. Hence, the cloud-based segment is expected to drive the growth of the market through the forecast period.

Based on Organizational size, the Global Web Application Firewall Market is segmented into Large Enterprises, Large and medium enterprises. The large enterprise segment has dominated the largest market share accounting for 32% in 2021, and is expected to grow at a CAGR of 7.9% during the forecast period. As Web Application Firewall (WAF) Software plays an important role in Large Enterprises as it helps to protect the website from various cyber threats. Also, it requires a high cost that makes, so it makes the large enterprises afford it. It also provides protection against SQL injection, cross-site scripting, and other attacks. WAF software is available in both cloud-based and web-based versions.
Web Application Firewall Market Regional Insights:
The North American region held the largest market share accounting for 68.5% in 2021. As it is a developed region with advanced technologies for cybersecurity technology adoption and infrastructure. The countries of this region are becoming more connected, and the Internet of Things (IoT) trend is gaining importance. The awareness of the need to protect the network infrastructure has been identified as the most critical economic and security challenge in the region.

The growing concern to ensure the protection of financial and sensitive data has increased government intervention in recent years. With the increasing numbers of connected devices, new forms and varieties of cyber-attacks are joining the threat landscape. Hence, these factors are leading to high adoption of the web application firewall through the forecast period.

The Asia Pacific region is expected to witness significant growth at a CAGR of 59.4% through the forecast period. As there is an increase in modernization and urbanization, there has been an increase in the network infrastructure. Therefore, advanced and sophisticated threats are hard to be detected. According to the 2018 BSA Global Software Survey, 8 out of 10 computers in the Asia Pacific (APAC) run on non-genuine software and are thus prone to rising cyber-attacks. Hence, there is an emerging growth in the web application firewall market through the forecast period.

The objective of the report is to present a comprehensive analysis of the Global Web Application Firewall 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 Global Web Application Firewall Market dynamic and structure by analyzing the market segments and projecting the Global Web Application Firewall Market size. Clear representation of competitive analysis of key players by Design, price, financial position, product portfolio, growth strategies, and regional presence in the Global Web Application Firewall Market make the report investor’s guide.
Web Application Firewall Market Scope: Inquiry Before Buying



Global Web Application Firewall Market


Base Year
2021
Forecast Period
2022-2029


Historical Data
CAGR
Market Size in 2021
Market Size in 2029


2017 to 2021
18.2%
US$ 5.45 Bn
US$ 20.76 Bn


Segments Covered


by Deployment Model 
• On-Premise
• Cloud
by Component
• Solution
• Services
by Organization Size
• Large Enterprise
• Small and Medium Enterprise
by End-Use
• BFSI
• Healthcare
• IT and Telecom
• Manufacturing
• Government and Public sector
• Others


Regions Covered


North America
• United States
• Canada
• Mexico
Europe
• UK
• France
• Germany
• Italy
• Spain
• Sweden
• Austria
• Rest of Europe
Asia Pacific
• China
• S Korea
• Japan
• India
• Australia
• Indonesia
• Malaysia
• Vietnam
• Taiwan
• Bangladesh
• Pakistan
• Rest of APAC
Middle East and Africa
• South Africa
• GCC
• Egypt
• Nigeria
• Rest of ME&A
South America
• Brazil
• Argentina
• Rest of South America



Web Application Firewall Market Key Players:
• 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.
• Radware Ltd

Frequently Asked Questions:

1) What segments are covered in the Global Web Application Firewall Market report?
Ans. The segments covered in the Global Web Application Firewall Market report are based on Organization Size, Component, Deployment Model and End-User.

2) Which region holds the highest share in the Global Web Application Firewall Market?
Ans. The North American region is expected to hold the highest share in the Global Web Application Firewall Market.

3) What is the market size of the Global Web Application Firewall Market by 2029?
Ans. The market size of the Global Web Application Firewall Market by 2029 is US$ 20.76 Bn.

4) What is the forecast period for the Global Web Application Firewall Market?
Ans. The Forecast period for the Global Web Application Firewall Market is 2022-2029.

5) What was the market size of the Global Web Application Firewall Market in 2021?
Ans. The market size of the Global Web Application Firewall Market in 2021 was US$ 5.45 Bn.