ID: MRFR/ICT/3093-HCR | February 2021 | Region: Global | 100 pages
The web application firewall is software that protects the website, web content, application, and other forms of data from HTTP traffic. It helps in screening, filtering, and monitoring virtual traffic. It also blocks the black-listed and mischievous bots. Web application firewall does all the filtering and monitoring in real-time. It safeguards web pages and their information from a cyber-attack. It blocks spam suggestions and spam bots that may create fake customer accounts and mess up the data in real-time. It covers the virtual business risk.
Web Application Firewall Market is anticipated to increase at a faster rate in the coming future. The global web application firewall market is expected to reach approximately USD 5.5 billion by the end of 2023 at a CAGR of 15 % during the forecasted period 2017-2023.
COVID 19 Analysis
People across the globe are suffering from Coronavirus, the global pandemic. It has adversely affected the operations of all the industries, except for the pharmaceutical industry. There has been a complete lockdown situation in almost every nation and people are forced to stay at their homes. The borders are sealed, which means there will be no travel possible across borders soon. The businesses are also being shut down. This has adversely affected the Web Application Firewall Industry as well
It is being anticipated that post the Covid19 situation, Global Web Application Firewall Market Share will grow tremendously. This owns to the fact that people are shifting their businesses from the physical world of mortar and bricks to the virtual world. Cyber-attacks and hacking are common activities these days. Web Application Firewall provides them the protection from impersonating bots and spam attacks. Soon the market will be back to normal.
The world is a global village and the internet has proved to be a boon for the human race. Various industries have taken refuge in the virtual market with the prevalence of the internet. This has increased the chances of cyber theft and spamming activities. A need arises to control such situations and secure the web content and data of the business firms. This becomes one of the major drivers responsible for Web Application Firewall Market Growth.
Web Application Firewall also provides a seamless web experience to the audience and increases the efficiency of working. It secures the web content from various attacks, such as cross-site scripting (XSS) attacks and SQL injection attacks. It also rectifies buffer overflows and keeps a check on session hijacking.
The cost of application, as well as maintenance, is hindering the growth of the global web application firewall market. A professional who has the complete technical know-how is required to operate such software. Each protocol needs a separate proxy application. This may slow down the overall function of the system.
Value Chain Analysis
With the increase in digitization and automation, many businesses are also operating on online platforms. This increases the need for protection and security from cyber-attacks. Web application firewall gathers the information of the viewers over the web pages. This includes the IP address, hostname, and URL. It gives an insight into the kind of site traffic. It distinguishes between genuine visitors and bad bots that require blocking. Thus, protects the essential data from fraudulent activities. It helps to gain more visibility and real traffic on the website.
According to Web Application Firewall Market trends, its market can be divided into various segments. These are based on deployment, based on organization size, based on security models, and based on end-users.
Based on deployment
It is further divided into the categories of solution & services. Based on the solution the market can be sub-divided into cloud-based, hardware appliances, and virtual appliances.
Based on services it can be categorized into professional and managed services. The cloud-based firewall is the leading segment of the market because it is cost-effective and has a better user interface.
Based on organization size
The web application firewall is used in all kinds of organizations, that is, small, medium-sized, and large organizations.
Based on security models
Web application firewall generally has three different security models, namely, negative security model, positive security model, & hybrid security model.
Based on End-users
Web application firewalls are extensively used in several industries including banking, insurance, e-commerce, governmental departments, telecom service, healthcare & medical, education, and others.
Web Application Firewall Market Size is increasing rapidly. It is leaving its mark in every part of the world. The regions of the operation of the web application firewall industry include America, Europe, Asia-pacific, and the rest of the world.
America, which includes the area of North America (the US and Canada) and Latin America, is expected to hold the lion’s share in the global web application firewall market. This owns to developing businesses and virtual activities. They have the best cyber-security systems.
The European region, which includes Germany, UK, France, Russia, and Italy, is also expanding and holds the second largest market share. The companies are investing in cyber-security software because of the growing distress about the cyber-attacks and hacking activities
ASPAC region, which includes China, Japan, India, Australia, and South Korea, is growing tremendously. This owns to the increase in usage of the internet and mobile applications in recent times. The market is expected to grow double fold in this region
The rest of the world region, which includes the region of the Middle East and Africa, is growing at a slower but constant rate. This owns to a lack of technical knowledge and low economic development.
The list of major global Web Application Firewall Market key Players is as follows:
The above-listed companies form joint ventures & partnerships for certain projects, mergers & acquisitions to make technological advancements. They strive to develop end-products and services that are unique, cost-effective, proficient in working and can deliver accurate solutions to the problems.
The various recent activities found in Global Web Application Firewall Market Analysis are as follows:
This Web Application Firewall Market Forecast report includes the following elements:
This research report provides a comprehensive study about Web Application Firewall Market Insight. It includes a thorough analysis of the usage of web application firewall and their market trends. As the usage of mobile applications has increased there arises a need for security software that can protect the information of users. Web application firewall has been adopted by all industry types, including small, medium-sized, and large organizations.
Frequently Asked Questions (FAQ) :
Banking, Insurance, Government, E–Commerce, Telecom, Healthcare, Education and others are the end-users in the worldwide market for web application firewall.
Positive Security Model, Negative Security Model and Hybrid Security Model are the types of security models mentioned in the report.
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.), IBM Corporation (U.S.), Juniper Networks, Inc (U.S.), Barracuda Networks, Inc. (U.S.), Fortinet, Inc. (U.S.), are the main web application firewall providers in the market.
The projected market growth rate in the ensuing years can be 15%.
the market value by the end of the year 2023 will be approximately USD 5.5 billion.