Web Application Firewall Market Share, Size, Growth and Forecast 2022-2027 – Designer Women

The global web application firewall market reached a value of US$4.1 billion in 2021. Looking ahead, IMARC Group expects the market to reach US$10.4 billion by 2027, posting a CAGR of 17.5% in 2022-2027.

Covid-19 scenario:

We regularly monitor the impact of COVID-19 on the Web Application Firewall market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.

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A web application firewall (WAF) refers to hardware or software solutions deployed through a proxy to monitor network traffic on web applications. They are used to filter and block HTTP traffic to and from a web application to prevent attacks that may include cross-site scripting and tampering, file inclusion, SQL injection, and incorrect system configuration. These firewalls also help establish a secure barrier between the computer and the external environment. In recent years, web application firewalls have gained popularity as they are essential to filter an information source through the process of whitelisting or blacklisting. This makes it possible to offer agile protection to applications against better visibility of web traffic and web attacks at an affordable cost.

Market trends and drivers

The increasing frequency of cyberattacks and internet frauds globally is the major driver of the market. WAF technologies are widely chosen by organizations to prevent instances of malware, phishing, and security threats. The market is further catalyzed by the various initiatives undertaken by the governments of different countries to raise awareness about the importance of cyber security. The increasing adoption of cloud-based variants of WAF solutions acts as another growth driver as they secure crucial data and the entire network even when the user is offline.

Additionally, there has been an increase in the use of WAF solutions in the healthcare industry to prevent unauthorized access to electronic patient records and critical healthcare networks. Additionally, considerable improvements in information technology (IT) infrastructure, increasing use of virtual cloud resources, and extensive research and development (R&D) activities conducted by several prominent players are some of the other factors that provide a positive outlook to the market.

2022-2027 Global Web Application Firewall Market Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the major 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.

Breakdown by deployment:

Cloud-based
On the site

Breakdown by organization size:

Large companies
Small and medium enterprises

Breakdown by department:

Professional services
Managed Services

Breakdown by end-use industry:

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

Breakdown by region:

North America
Asia Pacific
Europe
Latin America
Middle East and Africa

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