Global Web Application Firewall Market is valued USD 2.25 billion in 2017 is anticipated to grow USD 8.7 billion with the compounded annual growth of 18.50 % over the forecast period 2018-2025.
New York 14 September 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Web Application Firewall Market industry is poised to raise USD 8.7 billion by 2025. The web application firewall market is segmented on the basis of components (solutions and services), organization size, vertical, and regions. The solutions segment is further segmented into hardware appliances, virtual appliances, and cloud-based. The professional services segment is further segmented into consulting, support and maintenance, training and education, and system integration. The web application firewall market is expected to be witnessing a traction, due to the increasing importance of web applications, the rise in instances of web attacks, such as cyber theft, espionage, vandalism, and fraud, government regulations, the need for compliance and the technological proliferation, and the increasing penetration of IoT. The market for the professional services segment is likely to be growing, as individuals, Small and Medium-Sized Enterprises (SMEs), and large enterprises are concerned about ensuring secure access to their networking devices. Companies offering professional services provide consulting to facilitate the successful deployment of WAF solutions. Professional services are required during and after the implementation of WAF solutions. These services include planning, designing, consulting, and upgrading. Consultants, user behavior analytics experts, and dedicated project management teams help provide professional services. These professionals specialize in the design and delivery of critical decision support software, tools, and services. North America is expected to top the globe in terms of presence of security vendors and security breach incidents. Therefore, the web application firewall market is said to be dominated by North America also the APAC region is expected to witness a significant growth in the web application firewall market, due to the increasing adoption of web and mobile applications for business operations.
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Global Web Application Firewall Market Size study by Solution (Hardware, Virtual, Cloud-based), by Service (Professional, Managed) by Organization Size (SMEs, Large), by Industry Vertical and by Regional Forecasts 2018-2025
The industry is seeming to be fairly competitive. Some of the leading market players Akamei, Barracuda, Citrix., Cloud Flare, Denyall, Ergon Informatik., F5 Network, Fortinet, Radware, Trustwave, Nsfocus and so on. The fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- The APAC region is expected to witness a significant growth in the web application firewall market, due to the increasing adoption of web and mobile applications for business operations.
- North America is expected to top the globe in terms of presence of security vendors and security breach incidents. Therefore, the web application firewall market is said to be dominated by North America.
Bizwit Research & Consulting LLP has considered following segments for the study:
- Hardware Appliances
- Virtual Appliances
- Professional Services
- Managed Services
By Organization Size:
- Large Enterprise
By Industry Vertical
- Banking, Financial Services, and Insurance
- IT & Telecommunication
- Government and Defence
- Energy and Utilities
- North America
- Asia Pacific
- Latin America
- Rest of the World