Press Release / Technology / Web Application Firewall Market Emerging Technologies and Industry Growth by Forecast to 2023

Web Application Firewall Market Emerging Technologies and Industry Growth by Forecast to 2023

The report on the global Web Application Firewall Market covers historical market trends, current market dynamics, market valuation by segmentation as well as region, country-level analysis for every segment, key player’s market share analysis, competitive landscape and supply chain analysis.

Market Highlights:

The web application firewall is one type of online security firewall that helps filter the bad http data packets between the web application and the client. The web application firewall helps detect any possible threats and prevents potential attacks by monitoring the HTTP request. It does so before it reaches the web server, thereby providing a benefit to detect and block the unknown threats that are disguised as normal websites. The global web application firewall market study undertaken by the team of Market Research Future revealed that the market is poised for significant growth during the forecast period. The market is expected to reach a valuation of USD 5.5 billion by the end of 2023 and is believed to grow at an impressive CAGR of 15% during the forecast period of 2017 and 2023.

The market is driven by the increasing penetration of the internet and other web-related applications. The firewall aids in preventing the organizations from various potential and threatening vulnerabilities as technological advancements are only giving rise to more and more attacks and viruses. The web application firewall detects as well as prevents SQL injection attacks, buffer overflows, cross site scripting (XSS) attacks, and session hijacking. It proves to be highly beneficial for companies that are providing or offering products or services online. With the expanding digitization landscape and increasing number of online stores, organizations are migrating their business model to online business, thereby creating the weak point for both attackers and hackers to target and cause problem.

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Major Key Players

Akamai Technologies (U.S.),
Barracuda Networks, Inc. (U.S.),
Citrix Systems, Inc. (U.S.),
F5 Networks, Inc (U.S.),
Imperva Inc (U.S.),
Applicure Technologies Ltd (Israel),
DBAPP Security Co., Ltd (China),
Fortinet, Inc. (U.S.),
IBM Corporation (U.S.),
Juniper Networks, Inc (U.S.),
NS Focus Information Technology Co Ltd (China)
According to MRFR, The global Web Application Firewall Market is expected to reach approximately USD 5.5 billion by the end of 2023 at a CAGR of 15 % during the forecasted period 2017-2023.

Industry Updates/News:

March 6th, 2019, Akamai Technologies’ Kona Site Defender was selected as the Best Web Application Solution by SC Media at the 23rd annual SC Awards program. The selection was made by a panel of distinguished IT security professionals.

March 27th, Webscale, an ecommerce cloud company, made an announcement that it has won a new award for its unmatched services. It won TMC’s Network Security Excellence Award that was presented by the Internet Telephony magazine.

Regional Analysis:

The global web application firewall market is regionally segmented into different regions globally, namely North America, Asia Pacific, Europe, and the Rest of the World.

Among these mentioned regions, the North American region leads the global standings in terms market share. The region dominates globally due to the higher presence of security vendors. North America is one of the most advanced regions when it comes to cyber security technology integration and infrastructure due to the presence of developed economies like the US and Canada.

The Asia Pacific region holds a significant portion of the market and is expected to grow speedily due to the increasing adoption and practices of web and mobile applications in China and India for business-based operations.

Segmentation:

The global web application firewall market segmentation is classified on the basis of services, deployment, organization size, end users, and security models.

By deployment, the market segments into on cloud, on appliance, and on network. Among these, the cloud-based deployment segment is the leading segment with the maximum share. This is due to the advanced technologies and solutions that help prevent phishing, malware, and other cyber-attacks and threats. Additionally, the cloud-based segment is a highly cost-effective solution that provides better usability, scalability, and security protection options. The cloud based deployment ensures a number of distinctive capabilities, like access control, bot detection, application programming interface, and threat intelligence. Add to this, they are easy to deploy and enables companies to switch to cloud-based services.

By services, the market includes professional and managed services.

By organization size, the market divides into both large and small- and medium-sized enterprises.

By security models, the market includes positive security model, negative security model, and hybrid security models.

By end-users, the market comprises of healthcare, e-commerce, government, banking, insurance, telecom, education, and others.

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Intended Audience

Storage providers
Network providers
Banking Institutions
Insurance providers
Security solutions providers
Research firms
Software investors
Software Developers
Software Testers
IT enablers
Database solutions
Cloud providers
Insurance companies
Telecommunication companies
LIST OF TABLES

TABLE 1 WEB APPLICATION FIREWALL MARKET, BY DEPLOYMENT

TABLE 2 WEB APPLICATION FIREWALL MARKET, BY SERVICES

TABLE 3 WEB APPLICATION FIREWALL MARKET, BY ORGANIZATION SIZE

TABLE 4 WEB APPLICATION FIREWALL MARKET, BY SECURITY MODELS

TABLE 5 WEB APPLICATION FIREWALL MARKET, BY INDUSTRY

TABLE 6 WEB APPLICATION FIREWALL MARKET, BY REGION

Continued……

LIST OF FIGURES

FIGURE 1 RESEARCH DEPLOYMENT

FIGURE 2 WEB APPLICATION FIREWALL MARKET, BY DEPLOYMENT (%)

FIGURE 3 WEB APPLICATION FIREWALL MARKET, BY SERVICES (%)

FIGURE 4 WEB APPLICATION FIREWALL MARKET, BY ORGANIZATION SIZE (%)

FIGURE 5 WEB APPLICATION FIREWALL MARKET, BY SECURITY MODELS (%)

FIGURE 6 WEB APPLICATION FIREWALL MARKET, BY INDUSTRY (%)

Continued……

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