Web Application Firewall Market by Component (Solution (Hardware Appliances, Virtual Appliances, Cloud-Based), Service), Organization Size (SMEs, Large Enterprises), End User (BFSI, Retail, IT and Telecommunications, Healthcare, Education, Others): Global Market Size Estimates and Forecast (2022–2030)

Code: BMIRE00025990 | Pages: 100 | Industry: Technology, Media and Telecommunications | Date: Sep 2022 | Type: Global

The market crossed US$ 5.6 billion mark in 2022 and is expected to hit US$ 25.2 billion by 2030, recording a CAGR of 20.6% during the forecast period.

Web application firewall market has been significantly growing with the rising adoption of cloud-based solution.

Growth in the web application firewall market is driven by increased social media platforms and cloud-based technology; currently, cloud technology is widely used across many industries, giving businesses access to cost-effective security solutions. Organizations can also combine cloud deployment with other infrastructure technologies, such as software-defined perimeters, to build strong and highly secure platforms. As a result, increasing use of cloud-based solutions and services fuels market share growth for web application firewalls.

Within the report, the web application firewall market is segmented into component, organization size, end user, and geography. Based on component, the web application firewall market is segmented into: solution (hardware appliances, virtual appliances, and cloud-based) and service. On the basis of organization size, the web application firewall market is segmented into: SMEs and large enterprises. Further, on the basis of end user, the web application firewall market is segmented into: BFSI, retail, IT and telecommunications, healthcare, education, and others. Geographically, the market is subsegmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa. The web application firewall market in Asia Pacific holds the highest growth rate and is expected to retain its position during the forecast period (2022-2030). The high growth is due to the presence of most populous countries such as China and India in the region.

Large enterprises segment in organization size to hold largest share of web application firewall market during the forecast period (2022-2030)

 Based on organization size, the large enterprise's segment is estimated to account for a larger market share in 2022 and is expected to hold its position during the forecast period. Large enterprises are defined as companies with over 1,000 employees. Due to the extensive use of web applications vulnerable to cyberattacks, large enterprises are the early adopters of web application firewall solutions and services. Due to their large workforce bases, large enterprises frequently target cyberattacks. As a result, business communication through large enterprise networks is more vulnerable to cyberattacks.

Increasing prevalence of web application is one of the major factors accelerating the web application firewall market growth.

Nowadays, businesses depend heavily on web apps, letting enterprises become simpler, develop and grow rapidly, and achieve goals much more quickly. Web applications offer improved customer service, serving as the initial point of interaction for potential customers with the enterprises at any given time and place. Due to the current business completion scenario, firms need a web application. Organizations frequently expose their sensitive company data to cyber adversaries due to the growing use of such web applications across a variety of business functions, putting the security of their entire operation in danger. Due to the growing dependence on web applications for many business operations and services, enterprises have increased their adoption of web application firewall solutions.

Get more information on this report :

Recent strategic developments in web application firewall market

The web application firewall market has undergone several significant developments, and a few of these have been mentioned below:

  • In April 2022, Kohlberg Kravis Roberts & Co., a one of the leading global investment firm, signed an agreement to acquire Barracuda Network Inc. from Thoma Bravo. Under this agreement, Kohlberg Kravis Roberts & Co. will provide resources and expertise to further accelerate Barracuda’s growth and support strategic expansion in the web application firewall market.
  • In March 2022, Cloudflare partnered with CrowdStrike to bring integrated Zero Trust Security in order to simplify the adoption of Zero Trust solutions. Cloudflare will integrate its platform with CrowdStrike Falcon Zero Trust Assessment (ZTA) to ensure employees have secure access to applications from any location.

The web application firewall market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Akamai Technologies, Inc.; Barracuda Networks, Inc.; Citrix Systems, Inc.; Cloudflare, Inc.; Ergon Informatik AG; F5, Inc.; Fortinet, Inc.; Imperva, Inc.; Penta Security Systems Inc.; Radware Ltd. are among the prominent players operating in the market.

Target audience for the report:

  • Web application firewall providers
  • Web application providers
  • ICT providers
  • Web application associations, organizations, forums, and alliances
  • Venture capitalists, private equity firms, and start-up companies
  • Web application distributors and sales firms
  • End users of web application firewall
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the web application firewall market has been segmented on the basis of:

  • Component
    • Solution
      • Hardware Appliances
      • Virtual Appliances
      • Cloud-Based
    • Service
  • Organization Size
    • SMEs
    • Large Enterprises
  • End User
    • BFSI
    • Retail
    • IT and Telecommunications
    • Healthcare
    • Education
    • Others
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
    • Akamai Technologies, Inc.
    • Barracuda Networks, Inc.
    • Citrix Systems, Inc.
    • Cloudflare, Inc.
    • Ergon Informatik AG
    • F5, Inc.
    • Fortinet, Inc.
    • Imperva, Inc.
    • Penta Security Systems Inc.
    • Radware Ltd.
  • Akamai Technologies, Inc.
  • Barracuda Networks, Inc.
  • Citrix Systems, Inc.
  • Cloudflare, Inc.
  • Ergon Informatik AG
  • F5, Inc.
  • Fortinet, Inc.
  • Imperva, Inc.
  • Penta Security Systems Inc.
  • Radware Ltd.
Report Code
Full Name
Country Name
Email Id
Phone Number
Job Title
Company
Requirement

Note : Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.


Purchase Options
Single User License
$1500
Site License
$2500
Enterprise License
$3500