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In the coming years, the global market is expected to experience rapid growth on the back of various factors, including rising adoption of web applications, the rise in cyber-attacks, and increasing Internet of Things penetration. The rise in Internet of Things implementation, especially in automotive and consumer electronics, is a prediction to generate lucrative opportunities on the global market. The surge in data theft cases has increased the need for the firewall on the web application. They are requested against cyber-attacks such as cross-site scripting and SQL injection for security. Web application firewall (WAF) is recognized for safeguards provided to the servers. WAF ‘s availability in different forms such as computers, servers, and filters play a major role in deciding the size of the firewall market for web applications. On the global market, the rising rate of adoption of cloud-based computing technologies serves as a growth factor. Government cybersecurity regulations also accelerate the advancement of the firewall environment of web applications.
Cloud-based WAF products are gaining popularity on the market because they are completely equipped with anti-malpractice threat management technologies such as ransomware, cyberware, phishing and emerging cyber threats on the global market. This cloud-based approach provides a major benefit by protecting the network even when the user is offline. Various positive attributes such as threat intelligence, bot detection and compliance, caching, Application Program Interface (API) protection, Distributed Denial of Service ( DDoS) mitigation, and malware detection are stepping up market development.
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The segmental investigation of the Web Application Firewall Market is carried out on the basis of organization size, security models, deployment, services, end-users, and region. On the basis of the deployments, the web application firewall market is segmented into on cloud, on appliance, and on network. Based on the regions, the web application firewall market is segmented into Europe, North America, Asia Pacific and the rest of the regions. Based on the services, the web application firewall market is made up of of managed and professional. On the basis of organization sizes, the web application firewall market is segmented into Large and SME’s. Based on the security models, the web application firewall market is segmented into positive security model, negative security model and hybrid security model. Based on the verticals, the web application firewall market is segmented into education, banking, insurance, government, e-commerce, telecom and healthcare.
Detailed Regional Analysis
The regional examination of the web application firewall market includes regions such as Europe, North America, Asia Pacific and the rest of the regions. The Asia Pacific region is substantially developing in the web application firewall market owing to the collective adoption and systems of web and mobile applications in nations such as India and China for business processes. Out of the regions considered, the regional market in North America is leading in terms of unconventional incidence of security vendors. The North American regional market is the most innovative region for cybersecurity technology acceptance and organization owing to the industrialized countries such as the U.S. and Canada.
The emphasis on innovation is estimated to rise in the coming years, as the consumer needs have to be addressed in a better manner to ensure the resurgence of the global market. Also, the need to encourage business to include the environmental impact of their decisions is estimated to shape the development of the market in future. The need to mitigate losses sustained by the current public health crisis is estimated to be the sole focus of the market contenders in the upcoming years. Furthermore, the need to adopt a rapid and cost-effective method of operation is estimated to shape the market in the impending period. The capability of contenders to influence change in the market is increasing at a stable rate in the impending period. The support from government bodies around the world is rising because the market needs an extra stimulus to achieve normalcy in such a scenario. The disharmony in the forces of demand and supply is estimated to create a slow growth background in the market.
The illustrious players in the web application firewall market are Barracuda Networks, Inc. (U.S.), Fortinet, Inc. (U.S.), IBM Corporation (U.S.), NS Focus Information Technology Co Ltd (China), Citrix Systems, Inc. (U.S.), F5 Networks, Inc (U.S.), Imperva Inc (U.S.), Applicure Technologies Ltd (Israel), DBAPP Security Co., Ltd (China), Akamai Technologies (U.S.), Juniper Networks, Inc (U.S.), among others.
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Web Application Firewall Market Research Report: Information by Technology (Hall Effect, Magneto Resistive, Variable Reluctance), By Application (Automotive, Industrial, Aerospace & Defense, Consumer Electronics) and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America)—Forecast till 2030
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