Web Application Firewall Market Growth and Restraint Factors
Web Application Firewall Market – Overview
The growth opportunities in the Web Application Firewall market are developing at a notable speed owing to numerous factors. Among these key factors is the increasing use of web application firewalls as the first line of defense for healthcare networks. Additionally, they are also used to protect Protected Health Information (PHI) and Electronic Health Records (EHR) from malware and some other cyber attacks.
Healthcare firewalls need to cover the majority of the ground compared to other firewalls in some other industries due to the value of clinical data and EHRs, as hackers are likely to gain access to the network.
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Web Application Firewall Market – Key Drivers
Healthcare organizations are more than smartphones and computers that access the network. Moreover, connected medical devices have Wi-Fi facilities and are used for collecting patient data and also monitoring their health. Sometimes hackers don’t get the information they seek through the connected medical device platform, but instead use firewalls as a way to freely access the entire network. Moreover, these medical devices are generally overlooked as a vector of cybersecurity because they lack traditional interfaces related to network access. Thus, these factors are estimated to have a noticeable impact on the growth avenues of the Web Application Firewall market in the forthcoming years.
Web services and applications are changing the landscape of information exchange and dissemination in today’s education, government and business sectors. It is estimated that the easy availability of information along with the richness of web services will create opportunities for revenue generation in the Web Application Firewall market in the coming years.
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Web Application Firewall Market – Recent Developments and Key Players
The Web Application Firewall market is growing at a rapid speed and major players are taking initiatives to acquire smaller industry players to strengthen their presence in the market. In addition to this stage, these players adopt many strategies to generate expansion opportunities to achieve their goals and objectives. Moreover, the growing penetration of major players in the market, along with the growing awareness of their brands among target consumers, is also creating opportunities for revenue generation in the Web Application Firewall market in the coming years. Regional expansions, strategic initiatives, growth in R&D activities, new product launches, as well as innovations and advancements of existing products are significant strategies that are expected to aid in the growth avenues of the market. Furthermore, it is believed that the existing players in the market will help to meet the unmet consumer demands.
Some of the Major Web Application Firewall Market Players Are:
F5 Networks Inc.
Barracuda Networks Inc.
Cloud Flare Inc.
Akamai Technologies Inc.
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Web Application Firewall Market – Regional Assessment
The web application firewall market operates in many parts of the world. Some important regions of the industry are Europe, Asia-Pacific, North America and Rest of the World. Among these global areas, the North America region is expected to hold a notable share of the global market. The global dominance of the region is attributed to the presence of cybersecurity vendors and the growing number of security breach incidents in the region. In addition, threat awareness is also a critical security and economic challenge in the region. Growing concerns to protect sensitive data have prompted government intervention. Moreover, technological and infrastructure development in the region is also expected to create new growth opportunities in the market in the coming years.
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