The global demand for Web Application Firewall Market is presumed to reach the valuation of nearly USD 24.28 BN by 2030 from USD 5.87 BN in 2022 with a CAGR of 19.41% during the period of 2023-2030.
Web application firewall (WAF) is a software or hardware solution developed to monitor and control network traffic on web-enabled applications. This firewall creates a fairly secure barrier between the system and the external environment to provide web protection from various attacks such as SQL injection, XSS, cross-site scripting, RFI and DT. A WAF can be host-based, network-based or cloud-based. It is deployed through a reverse proxy and located in front of one or more web sites or applications. A web application firewall is an application firewall for HTTP applications. Web applications are important tools for businesses of all sizes.
Market Dynamics
The increase in adoption for cloud-based solutions all across the globe and the growing application areas across various industry verticals are the major factors driving the web application firewall market over the forecast period. In addition to that, huge venture capital investments in research and development activities to design solutions with improved capabilities are likely to create a positive impact on the growth of the web application firewall market. Further, augmented usage of internet and web-related applications worldwide is expected to create the demand for web application firewall software and solutions. Due to rising digitization and online stores trend, many organizations are changing their business model to online business which is expected to create a lucrative opportunity for the key players in the coming years.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of web application firewall.
Market Segmentation
The entire web application firewall market has been sub-categorized into component, deployment, organization size and end-users. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Component
- Solutions (Hardware Appliances, Virtual Appliances, Cloud-based)
- Services (Managed Services, Professional Services (Consulting, Support & Maintenance Training & Education, System Integration))
By Organization Size
- Large Enterprises
- Small & Medium Sized Enterprises
By Vertical
- Banking, Financial Services & Insurance
- Retail
- IT & Telecommunications
- Government & Defense
- Healthcare
- Energy & Utilities
- Education
- Other Verticals
Regional Analysis
This section covers regional segmentation which accentuates on current and future demand for web application firewall market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Web Application Firewall Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the web application firewall market include Imperva (US), Akamai (US), Barracuda (US), Citrix (US), and Cloudflare (US), F5 Networks Inc. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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