Secure Web Gateway Market – Global Industry Analysis and Forecast (2023-2029)

Global Secure Web Gateway Market was valued at US$ 8.96 Bn. in 2022. Global Market size is expected to grow at a CAGR of 21.2% through the forecast period.
Secure Web Gateway Market Overview:
Secure Web Gateway (SWG) may be a cyber-barrier which protects organization from online security threats by enforcing corporate policies & preventing unauthorized traffic from entering in network. It provides a high degree of network protection by inspecting web requests against company policy to stop access to malicious websites.

These websites typically contain Trojan horses, adware, spyware, & malware that may threaten personal & company data. SWG also protects remote workers & allows them to remain connected. It includes basic security technologies like antivirus, URL filtering, application control, data loss prevention, & HTTPS inspection to supply enterprises with strong web security.To know about the Research Methodology:-Request Free Sample Report

during the forecast period. The increasing the needs for end to end holistic security product is particularly driving the growth of the SWG market but factors such as low adoption of SWG solution in the enterprise segment can hinder market growth. The rising the demand from the organization from secure data from some cybercrime & user data from web based across threats so from organization has also demand for SWG solution. Nowadays due to pandemic some of the company working from home so various organization implement these gateways to protect their data from leak & filters that show some harmful code.

Impact of Covid-19:

COVID-19 has changed the way the world works, including communicate, business, & governments function. From board meetings to team meetings to client conversations, businesses have shifted online. Governments have as well. This has resulted in an unexpected increase in demand for online & digital intermediaries like Zoom, Microsoft Teams, Microsoft Skype, Cisco WebEx, G-Suite, Slack, & Adobe Connect, which offer video conferencing, screen sharing, remote access, file sharing, cloud services, & voice communications. Zoom Video Communications, Inc., which saw revenues rise 88 % to $662.7 Mn in the previous fiscal year, has been the immediate benefit.

However, digital corporations are now having difficulty addressing the privacy problems which have arisen as a result of the unexpected increase in demand for their services. The primary difficulties include end-to-end encryption, consumer data usage & retention, especially with the cyber security challenges of hacking and phishing that come with rising demand. Educational institutions, businesses, & even governments use Zoom, the most popular platform.

Various governments have criticised it for its inadequate security systems, which include routing its services through Chinese servers, essentially giving China access to stored data. Zoom's privacy policy has now been amended, but users, notably major worldwide corporations, remain sceptical. For its part, the Indian government has a strong digital service provider in the National Informatics Centre (NIC), which, among other things, provides video-conferencing for government meetings & judicial bodies to hear urgent matters, among other things.

Future opportunities:

The demand for security product offered by the market will gradually increase in various sector like banks, and financial sector so this will be beneficial for SWG market in future because they increasing the market in future. The high cost associated with purchasing & local deployment of SWG solution are expected to be a major market constraints. Large enterprise are expected to adopt services, particularly cloud services, along with small & medium sized enterprises.

Development:

In October 2019 cisco obtain a customer experience management company CloudCherry which provides accurate analytics. In Feb 2019 Symentac gain luminate security a software defines perimeter & zero trust innovator. July 2021 Airtel promote the Cisco’s Next generation SD-WAN for organization. Airtel intelligence VPN solution is automated and centrally managed SD-WAN it available for all Airtel customer across India. In that they provide well functional of Cisco SD WAN, include multi-cloud internet connection.

Trend:

The rising the demand from the organization from secure data from some cybercrime and user data from web based across threats so from organization has also demand for SWG solution. Nowadays due to pandemic some of the company working from home so various organization implement these gateways to protect their data from leak and filters that show some harmful code.
Secure web Gateway Market Segment Analysis:
Based on Type, the secure web Gateway Market is segmented into two types Solution and Services

By component secure web Gateway divided into solution & services. The solution offers the best layered security protection prevents data loss & guarantees encrypted traffic .Web gateways are a top priority for IT security investments & security technologies which the users trust.

While such gateways exist over a lifetime, their prevalence & the need for strong security are not anticipated to occur while accessing the internet & its application remotely. In the solution type data protection having highest segment they grow at the Highest CAGR in the secure web gateway market.In data protection includes Data loss prevention (DLP), file type controls, and application control. Data loss prevention is a data security software that protects information loss prevention when the data is at end point, network traffic. The Secure web gateway solution use Data loss prevention related policies to minimize and control the transaction of critical information. They also protect corporate Intellectual property from other external users and also users do not have access to see the other corporate data.

Based on the Application, the secure web Gateway Market is segmented by BSFI, Education, IT And Telecom, Government and Defense. The Banking, Financial Services and Insurance (BSFI) having highest market share during the forecast period. Is always used for security products and needful services to protect the company customer, employees, office, and branches. Helpful for customers to protect from online frauds. Online banking, Internet banking, Smart Banking due to that factor BSFI having high market.
Regional Insights:
The North America region dominated the market with 30 % share in 2022. The North America region is expected to witness significant growth at a CAGR of 20% through the forecast period. In North America the US is a key country for growing secure web Gateway market highly. These region highly growth in the market and is expected to offer several best opportunity to market vendors. The rising cybercrime will facilitate the secure web gateway market growth in North America region during the forecast period.

The objective of the report is to present a comprehensive analysis of the global 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 secure web gateway Market dynamic, structure by analyzing the market segments and projecting the secure web gateway 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 secure web gateway Market make the report investor’s guide.
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Global Secure Web Gateway Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 8.96 Bn.


Forecast Period 2023 to 2029 CAGR:
21.2%
Market Size in 2029:
US $ 34.45 Bn.


 Segments Covered:
by component
Solution
services


by Deployment mode
on-premise
Cloud


by Organization size
Large organization
Small & medium organization


by End user
BSFI
Government & Defense
Healthcare
Education
Manufacturing
Transportation& logistics



Global 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 and Rest of South America)
Secure Web Gateway Market Key Players are:
1. McAfee
2. IBM
3. Microsoft corporation
4. Dell Inc.,
5. A10 Network
6. NortonLifeLock
7. Zscaler Inc.,
8. Citrix System
9. Trend Micro
10.F5
11.Cisco System
12.Check Point Software Technologies
13.Sophos Group PLC
14.Menlo security
15.Cato Networks
16.Cyren
17.Sangfor Technologies
18.Iboss
19.Content Keeper
20.Comodo Group
21.Netskope
22.Forcepoint

Frequently Asked Questions:

1] What segments are covered in the Global Secure web Gateway Market report?
Ans. The segments covered in the secure web gateway Market report are based on component Type and development mode, organization size, end user.

2] Which region is expected to hold the highest share in the Global Secure Web Gateway Market?
Ans. The North America region is expected to hold the highest share in the Secure Web Gateway Market.

3] What is the market size of the Global Secure Web Gateway Market by 2029?
Ans. The market size of the secure web Gateway Market by 2029 is expected to reach US$ 34.45 Bn.

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

5] What was the market size of the Global Secure Web Gateway Market in 2022?
Ans. The market size of the Secure Web Gateway Market in 2022 was valued at US$ 8.96 Bn.