Global Web Application Firewall Market

Dec 2018| VMR590A| Verified Market Research

Report Highlights

The Global Web Application Firewall Market was valued at USD 2.21 billion in 2016 and is projected to reach USD 10.30 billion by 2025, growing at a CAGR of 18.65% from 2017 to 2025.

A web application firewall (WAF) filters, monitors, and blocks HTTP traffic to and from a web application. A WAF is differentiated from a regular firewall in that a WAF is able to filter the content of specific web applications while regular firewalls serve as a safety gate between servers. Benefits of web application firewall include – protection against zero-data exploits, automated temporary patches, and stops data leakage.

Market Dynamics:
1. Market Drivers
1.1 Adoption of Machine Learning and AI-powered WAFS
1.2 Rise in the Adoption of Cloud-based and Virtual Appliance-based WAFS
1.3 Growing Demand for Web Applications
1.4 Increasing Threats of Cyber Theft, Espionage, Vandalism, and Fraud
1.5 Enhancement in the Technology and Increasing Involvement of IoT
2. Market Restraints
2.1 Rising Cost of Deployment for Appliance-based WAFS
2.2 Lack of Experienced Workforce
2.3 Competition with Traditional Firewall
2.4 Presence of Integrated UTM Solutions

Market Segmentation:
The Global Web Application Firewall Market is segmented on the organization size, component, vertical, and region.
1. By Organization Size:
1.1 Large Enterprises
1.2 Small and Medium Business

2. By Component:
2.1 Solution
2.1.1 Cloud-based
2.1.2 Virtual appliances
2.1.3 Hardware appliances
2.2 Service
2.2.1 Managed Services
2.2.2 Professional Service

3. By Vertical:
3.1 Government and Defense
3.2 Telecom and IT
3.3 Retail
3.4 Banking, Financial Services, and Insurance (BFSI)
3.5 Healthcare
3.6 Education
3.7 Others

4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa

Competitive Landscape:
The major players in the market are as follows:
1. Nsfocus
2. Fortinet
3. Ergon Informatik
4. Akamai
5. F5 Networks
6. Trustwave
7. Denyall
8. Radware
9. Cloudflare
10. Penta Security Systems
11. Imperva
12. Barracuda
13. Citrix

These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global Web Application Firewall Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.

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