Application Gateway Market Key Findings, Overview, Segmentation, Application
Posted by Sakshi Mishra on April 22nd, 2021
The global application gateway market was valued at USD 1.65 billion in 2019 and is expected to register a CAGR of 11.2% during the forecast period.
Major drivers of the market are demand for secure networks, frequency of application-layer attacks, and security concerns among enterprises. The rise of small and medium enterprises owing to encouragement given by nations for boosting the economy and initiatives by governments for adapting to the growing digitization can bode well for the market. Security solutions for protection against phishing attacks and proliferation of employees employing mobile devices are expected to influence the market growth. Adoption of artificial intelligence, internet-of-things (IoT), and software-defined network architecture can lead to tougher encryptions on application gateways for protecting websites from malicious attacks.
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The global application gateway market has been segmented by component, organization size, and vertical.
By component, the global application gateway market has been divided into solution and service. The service segment has been sub-segmented into integration and deployment, consulting, and support and maintenance.
Based on organization size, the global application gateway market has been divided into small- and medium-sized enterprises (SMEs) and large enterprises.
On the basis of vertical, the global application gateway market has been divided into healthcare, BFSI, manufacturing, IT & telecommunication, government, retail, and others. The BFSI segment is likely to generate revenues for the market owing to emergence of blue-chip companies, investments by venture capital firms, and growth of financial organizations. New facilities of internet banking, mobile banking, and smart banking can beckon a huge demand for application gateways.
Palo Alto Networks, Inc., SAP SE, Forcepoint, F5 Networks Inc, Akamai, Kemp Technologies, Inc., Microsoft Corporation, Orange S.A., Zscaler, Inc., Barracuda Networks, Citrix Systems, Inc, Aculab, Avi Networks, Snapt, and Imperva are key players of the global application gateway market.
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About the AuthorSakshi Mishra
Joined: September 30th, 2020
Articles Posted: 512
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