ID: MRFR/ICT/7212-HCR | February 2021 | Region: Global | 100 pages
The Global Application Gateway Market was valued at USD 1.65 Billion in 2019 and is expected to register a CAGR of 11.2% during the forecast period.
An application gateway is a type of technology that provides security for computer networks. It runs on the firewall and protects the network from illegal traffic and unauthorized access, providing a secure connection to the clients. The major driving factors for the growth of the application gateway market are increasing demand for secure networks, increasing the frequency of different application-layer attacks, and security concerns among the enterprises. Enterprises require secure networks for the efficient and proper working of their business. The applications and information transmitted over an unprotected network can cause various types of attacks such as spyware, phishing, and worms. The application gateway provides application-layer security for the enterprises of all verticals including BFSI, IT & telecommunication, retail, government and others using IT infrastructure. The increasing adoption and use of artificial intelligence (AI), the Internet of Things (IoT), and software-defined network technologies are creating significant opportunities for the growth of the application gateway market during the forecast period.
The Global Application Gateway Market has been segmented based on Component, Organization Size, Vertical, and Region/Country.
By Component, the Global Application Gateway Market has been divided into solution and service. The service segment has been broken down into three sub-segments: consulting, integration and deployment, and support and maintenance.
Based on organization size, the global application gateway market has been divided into small- and medium-sized enterprises (SMEs) and large enterprises.
On the basis of vertical, the global application gateway market has been divided into BFSI, manufacturing, government, IT & telecommunication, retail, healthcare, and others.
The Global Application Gateway Market has been analyzed for five regions—North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
The Global Application Gateway Market is estimated to register a CAGR of 11.2% over the forecast period. The geographic analysis of the global application gateway market has been done for North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
North America accounted for the largest market share due to the ever-rising number of cyber attacks and the increasing need for data security by the large as well as small- and medium-sized enterprises. The US leads the market in North America followed by Canada and Mexico due to the early adoption of technology and the growing need for effective management of IT risk and compliance monitoring.
Europe is expected to be the second-largest market during the review period. The rising Internet penetration and migration of the enterprises to cloud-based infrastructure have increased the number of vulnerabilities and increased the possibility of cyberattacks. Asia-Pacific is expected to be the fastest-growing regional segment in the global application gateway market during the forecast period. The markets in countries such as China and Japan are expected to increase at a fast pace in the coming years.
Source: MRFR Analysis
The Global Application Gateway Market is registering high growth due to the rise in demand from various verticals such as banking, financial services, and insurance, telecom and IT, healthcare, government, and others. Major players are partnering with enterprises as a part of their inorganic strategy and launching new products as a part of their key organic growth strategy to enhance their position in the market and cater to the demands of end-users across verticals. For instance, in December 2019, Microsoft Corporation launched Azure Kubernetes Service (AKS) and application gateway solution. The new solution offers an open-source application gateway ingress controller (AGIC) for Kubernetes, making it possible for its customers to leverage application gateway for launching their cloud software on the Internet. In March 2019, F5 Networks acquired NGINX, a commercial provider of an open-source web server with the same name. With this acquisition, F5 Networks would strengthen its application security and rich application services portfolio.
The Key Players in the Global Application Gateway Market are identified based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. These include Microsoft Corporation (US), F5 Networks Inc (US), Forcepoint (US), Akamai (US), Barracuda Networks (US), Orange S.A. (France), SAP SE (Germany), Palo Alto Networks, Inc. (US), Imperva (US), Kemp Technologies, Inc. (US), Citrix Systems, Inc (US), Zscaler, Inc. (US), Snapt (US), Avi Networks (US) and Aculab (US). The key strategies adopted by most of the players are partnerships, agreements, and collaborations.
Frequently Asked Questions (FAQ) :
The application gateway market can thrive at 11.2% CAGR by 2025.
The application gateway market can value at exceed USD 3.13 Bn by 2025.
Zscaler, Inc. (US), Citrix Systems, Inc (US), Avi Networks (US), Snapt (US), and Aculab (US) are some reputed companies in the application gateway market.
The high demand for application gateway across industry horizon can encourage the market expansion.
The North America application gateway market can surge due to the rise in need to curb the increasing cases of cyber-attacks.