Global Web Application Firewall Market Size, Share, Growth, and Forecast to 2025

Posted by rekha on September 6th, 2019

Precision Business Insights (PBI) in its report titled “Global Web Application Firewall Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024” assesses the market performance over seven years forecast period over 2018-2024. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.

The global web application firewall market was valued at US$ XX Mn in 2017 and increasing at a significant CAGR over the forecast timeframe owing to increase in, the cybercrimes and web attacks,increasing application areas among different industries,demand for high security communication, increasing need for highly secured data storage in companies which have applications of web over different sectors, and rise in R&D activities for the development of web application firewall market are the major factors are expected to drive the global web application firewall market. However, high cost for the installation and increasing number of hackers are anticipated to hinder the revenue share of global web application firewall market.

Global web application firewall market segmented on the basis of component, professional service, application and region.

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Telecom and IT Dominates the Global Web Application Firewall Market

Based on the application, global web application firewall market segmented into Telecom & IT, Energy and Utilities, Education, Banking, Financial Services and Insurance (BFSI), Government and Defense, Healthcare and Others. Among them telecom&IT industry dominated the global web application firewall market in 2017 and estimated to dominate over the forecast period owing to increase in application towards communication and data transmitting services, increased demand for tele communication, increased services in information technology, increased need for the highly secured data transmission, wide range of applications. However, a faster growth rate observed in Banking, Financial Services and Insurance (BFSI) sector due to advancements in banking system, increased usage of banks by people.

North America Leads the Global Web Application Firewall Market

PBI’s global web application firewall market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis, North America accounted for larger revenue share through 2013-2017 and expected to dominate over 2018-2024 owing to enhanced telecommunication sector infrastructure and other applications in different industries are anticipated to propel the market. Asia pacific web application firewall market projected to exhibit significant growth due toincreased usage of the advanced technology in IT, telecommunication and government and defense sectors.

Launch of newer products, frequent product approvals, and strategic alliances are the key strategies adopted by market players

Global web application firewall market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region. For instance. In January 2019, SAIC made acquisition with Engility this acquisition allow the SAIC to compete for classified work across the U.S.Defense Department and intelligence community.

 Key player’s profiles in the report are

• Akamai Technologies, Inc. (U.S.)
• Barracuda Networks, Inc. (U.S.)
• Citrix Systems, Inc. (U.S.)
• F5 Networks, Inc. (U.S.)
• Imperva, Inc. (U.S.)
• Fortinet, Inc (U.S.)
• Radware (Israel)
• Trustwave (U.S.)
• Ergon Informatik (Switzerland)
• Ust Global (US)
• Nsfocus (Japan)
• Penta Security Systems (India)

Detailed Segmentation

By component

• Services
• Solutions

By Professional service

• Support & Maintenance
• System Integration
• Consulting
• Training & Education

By Application:

• Telecom & IT
• Energy and Utilities
• Education
• Banking, Financial Services and Insurance (BFSI)
• Government and Defense
• Healthcare
• Others

Geography

o     North America

• U.S
• Canada

o     Europe

• Germany
• France
• U.K
• Italy
• Spain
• Russia
• Poland
• Rest of Europe

o     Asia-Pacific

• Japan
• China
• India
• Australia & New Zealand
• ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
• South Korea
• Rest of Asia-Pacific

o     Latin America

• Brazil
• Mexico
• Argentina
• Venezuela
• Rest of Latin America

o     Middle East and Africa (MEA)

• Gulf Cooperation Council (GCC) Countries
• Israel
• South Africa
• Rest of MEA

For more information: https://www.precisionbusinessinsights.com/market-reports/web-application-firewall-market/