Global Web Application Firewall Market Driven by Rising Need to Protect Sensitive Consumer Data

According to the latest report of the IMARC group, entitled “Web Application Firewall Market Share: Global Industry Trends, Size, Growth, Opportunities and Forecast 2021-2026”, the global web application firewall market showed strong growth during the period 2015-2020. Going forward, the market is projected to grow at a CAGR of around 19% during the period 2021-2026.

A web application firewall (WAF) is an application firewall that monitors network traffic on web applications and is implemented through a proxy. These hardware or software solutions filter and block HTTP traffic to and from a web application to prevent attacks such as file inclusion, cross-site tampering, SQL injection, cross-site scripting, and system misconfiguration. Firewalls help create a secure barrier between the computer and the outside world. They are also needed for whitelisting and blacklisting a news source. This allows applications to be more agile in their defense against web threats while improving web traffic visibility at a lower cost.

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Note: We regularly track the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.

Global Web Application Firewall Market Trends:

Cyberattacks and Internet fraud are increasingly common globally, which is driving the market. Therefore, WAF solutions are widely used by various companies to prevent malicious practices such as phishing, malware, and security risks. The market is also driven by the growing adoption of cloud-based computing technologies in various enterprises, as well as an increase in the number of government-led programs to raise awareness about the need for cybersecurity. Cloud-based WAF solutions are also gaining adoption as they protect critical data and the wider network even when the user is offline, which is another important growth driver. There has been a significant increase in the use of WAF products in the healthcare sector. These firewalls are widely used to prevent unauthorized access to electronic patient records and crucial healthcare networks, which helps in the growth of the market. The market is further driven by the growing use of virtual cloud resources, vast improvements in information technology (IT) infrastructure, and extensive research and development (R&D) activities by numerous players.

2021-2026 Global Web Application Firewall Market Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report along with the detailed profiles of key players operating in the market.

Some of the major players are Akamai Technologies Inc., Applicure Technology Ltd., Barracuda Networks Inc., Citrix Systems Inc., Cloudflare Inc., Ergon Informatik AG, F5 Networks Inc., Fortinet Inc., Imperva Inc., Nsfocus Information Technology Co Ltd., Penta Security Systems Inc. (Finleap), Qualys Inc. and Radware Ltd.

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The report has segmented the market based on deployment, organization size, service, end user, and region.

Market breakdown by deployment:

Marlet Breakdown by organization size:

  • Large companies
  • Small and medium enterprises

Marlet Breakdown by department:

  • Professional services
  • Managed Services

Market Breakdown by End-Use Industry:

  • Government and Defense
  • BFSI
  • Retail
  • Health care
  • IT and Telecom
  • Energy and Utilities
  • Manufacturing
  • Others

Market Breakdown by Region:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • Middle East and Africa

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