Web Application Firewall Market

Web Application Firewall Market Insights

The Web Application Firewall market is expected to grow positively in the forecast period. Machine learning artificial intelligence coupled with the other trending technologies play a key role in the growth of this market. Hardware Web Application Firewall application, cloud-based applications, and virtual applications are the main cyber infrastructure used in the industries.

There is a rapid expansion of the security industry due to cutting-edge products which also meet the customer’s budget allocation. The variety of options which the customers have has often brought down the buying decisions and sales cycles. WAF being little sophisticated and complex has faced tough competition from the other vendors.

The global Web Application Firewall market is estimated to grow at a CAGR of more than 20% in the forecast period. The increasing need to follow the regulatory requirements in the market is expected to escalate the growth of this industry. Compliance such as Health Information Technology for Economic and Clinical Health (HITECH), and Payment Card Industry Data Security Standard (PCI DSS) is expected to boost the growth of WAF in the corporate bodies.

Web Application Firewall Market: Component Insights

The Web Application Firewall market is segmented component-wise, which is further segmented into solutions and services. The professional services are of various types such as support and maintenance, consulting, training and education, and system integration. Solutions are more widely used in the market due to its increasing demand in corporate bodies.

The segments in the solutions segments are virtual appliances, hardware appliances, and cloud-based. Cloud-based WAF is software available with full stack of the threat prevention technology which aids in reducing vulnerability towards emerging cyber threats. Functions such as threat intelligence, application program interface security, caching, and access control are the provided by the could-based WAF solutions.

The e-commerce, BFSI, government sectors are currently using Web Application Firewall solutions with the introduction of Health Insurance Portability and Accountability Act (HIPAA). A huge number of organizations in the USA are carrying out their business effectively by complying with enforced acts and policies such as HIPAA and data breach notification laws.

This process is cost-effective solution and provides a better user experience with scalability option to safeguard the data. The increasing adoption of cloud computing is aiding the growth of this solution. A significant increase in the government regulations has led to its growth in the WAF market.

Web Application Firewall Market: Organisation Size Insights

The Web Application Firewall market is expected to gain traction due to the awareness of importance of web application, increase in count of web attacks, such as espionage, cyber theft, vandalism, fraud, government regulations among others. The products that the vendors are distinguished with are stand-alone WAF, embedded WAF, and integrated WAF.

The market can be segmented into organizational sizes such as individual, small and medium-sized (SMEs), and large enterprises. They need a secure networking device for the organization for which they use Web Application Firewall solutions. Professional services are required for the implementation of Web Application Firewall solutions.

Web Application Firewall End-use Landscape

The end-use landscape includes a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, andregional presence of companies who are purchasing or are likely to purchase products from global web application firewall market. The leading companies are Microsoft, Oracle, International Business Machines, SAP, Symantec, Hewlett-Packard, CA Technologies, are some among the rest.

Web Application Firewall Market: Regional Insights

Web Application Firewall market is dominant by North America due to the high-security breaches in that region. It is the most advanced region for cyber security technology infrastructure and adoption. The most important challenge in the region has been the protection of the network infrastructure.  Protection of financial and sensitive data has increased the government intervention in the current years.

The APAC region is expected to grow significantly over the forecast period owing to the growing threats and awareness. This region has a large number of SMEs which use the traditional defense mechanism, hence making it difficult to detect advanced threats. The growth in adoption of web and mobile applications for business operations is expected to expand the WAF market in these regions.

Web Application Firewall Market: Competitive Insights

Some key vendors who have stayed at the forefront offering reliable Web Application Firewall solutions are Imperva, Akamai Technologies, Barracuda Networks, Citrix Systems, Cloudflare, DenyAll, Ergon Informatik, F5 Networks, Fortinet, Penta Security Systems, Radware, Trustwave, and NSFOCUS.

Please note: This is not an exhaustive list of companies profiled in the report.