Global Web Application Firewall Market - Industry Trends and Forecast to 2029

Market Analysis and Insights Global Web Application Firewall Market

The web application firewall market is expected to witness market growth at a rate of 18.8% in the forecast period of 2022 to 2029. Data Bridge Market Research report on web application firewall market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The rise in the penetration in Smes is escalating the growth of web application firewall market.

Web application firewall (WAF) is referred to as a hardware or software solution that is developed to control and monitor network traffic on web-enabled applications. This firewall enables a comparatively secure barrier between the system and the external environment.

major factors that are expected to boost the growth of the web application firewall market in the forecast period are the rise in the significance of web applications. and growing instances of web attacks. Furthermore, the initiatives taken by the government is further anticipated to propel the growth of the web application firewall market. Moreover, the technological development and growing penetration of IoT is further estimated to cushion the growth of the web application firewall market. On the other hand, the growing cost of deployment for appliance-based Wafs is further projected to impede the growth of the web application firewall market in the timeline period.

In addition, the growing adoption of cloud and virtual appliance-based Wafs will further provide potential opportunities for the growth of the web application firewall market in the coming years. However, the dearth of technical expertise might further challenge the growth of the web application firewall market in the near future.

This web application firewall market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the web application firewall market, contact Data Bridge Market Research for an Analyst Brief, Our team will help you take an informed market decision to achieve market growth.

Global Web Application Firewall Market Scope and Market Size

The web application firewall market is segmented on the basis of component, solution, service, professional services, organization size and industry vertical. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.    

• On the basis of components, the web application firewall market has been segmented into solutions and services.
• On the basis of solution, the web application firewall market has been segmented into hardware appliances, virtual appliances and cloud-based.
• On the basis of service, the web application firewall market has been segmented into professional services and managed services.
• On the basis of professional services, the web application firewall market has been segmented into consulting, support and maintenance, training and education and system integration.
• On the basis of organization size, the web application firewall market has been segmented into small and medium-sized enterprises and large enterprises.
• On the basis of industry vertical, the web application firewall market has been segmented into banking, financial services and insurance, retail, IT and telecommunication, government and defense, healthcare, energy and utilities, education and others.

Web Application Firewall Market Country Level Analysis

The web application firewall market is analyzed, and market size, volume information is provided by country, component, solution, service, professional services, organization size and industry vertical as referenced above.     

The countries covered in the web application firewall market report are the U.S., Canada, and Mexico in North America, Brazil, Argentina, and the rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC)  in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA).

North America dominates the web application firewall market due to the increase in the number of security breaches and government regulations related to IT security. Furthermore, the government organizations and companies to improve their data security infrastructure which will further boost the growth of the web application firewall market in the region during the forecast period. Asia-Pacific is projected to observe significant amount of growth in the web application firewall market due to the occurrence of untapped demands. Moreover, the rise in the demand for better application security solutions is further anticipated to propel the growth of the web application firewall market in the region in the region in the coming years.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.                

Competitive Landscape and Web Application Firewall Market Share Analysis

The web application firewall market competitive landscape provides details by a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the web application firewall market.

Some of the major players operating in the web application firewall market are Akamai Technologies Inc., Citrix Systems Inc., F5 Networks Inc., Imperva Inc., Fortinet Inc., Applicure Technologies Ltd., Qualys Inc., Cloudflare Inc., Radware Ltd., NSFOCUS, Penta Security, Shape Security, Sophos, Wallarm, and Zenedge among others.

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