Web Application Firewall Market Share, Size, Trends, Revenue, Analysis Report 2024-2032

The latest report by IMARC Group, titled “Web Application Firewall Market Report by Deployment (Cloud-based, On-premises), Organization Size (Large Enterprises, Small and Medium Enterprises), Service (Professional services, Managed services), End Use Industry (Government and Defense, BFSI, Retail, Healthcare, IT and Telecom, Energy and Utilities, Manufacturing, and Others), and Region 2024-2032“, The global web application firewall market size reached US$ 5.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 18.2 Billion by 2032, exhibiting a growth rate (CAGR) of 13.9% during 2024-2032.

A vital component of online defense, a web application firewall shields web applications from a wide range of cyber threats and weaknesses. Positioned between the application and potential attackers, it constantly scrutinizes and refines incoming internet traffic. By examining HTTP requests and responses, WAFs detect and intercept any dubious or destructive content. These firewalls are indispensable for shielding web applications from frequent assaults like SQL injection, cross-site scripting, and cross-site request forgery. They accomplish this by enforcing a predetermined set of security protocols and guidelines on incoming traffic, permitting only genuine requests to proceed while blocking or neutralizing potentially damaging ones.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/web-application-firewall-market/requestsample

Web Application Firewall Market Trends and Drivers:

The widespread adoption of digital technology across various sectors is a key catalyst. Organizations are turning to web-based solutions to simplify their workflows, improve customer interactions, and stay ahead in today's digital landscape. These solutions empower businesses to revamp their operations and maintain relevance. Moreover, the growing use of mobile devices has created a surge in demand for web applications that can adapt to different devices, allowing companies to broaden their audience and accessibility. The shift towards cloud-hosted web applications has also gained significant traction, offering advantages such as flexibility, scalability, and reduced costs. As a result, companies are transitioning to cloud-based infrastructure to deploy and manage their web applications, thereby minimizing infrastructure expenses and boosting performance. The e-commerce industry, in particular, has experienced rapid growth, especially since the COVID-19 pandemic. Web applications play a crucial role in facilitating online transactions, seamless user experiences, and driving demand for e-commerce platforms. In response to the rising threat of cyber-attacks, businesses are investing heavily in securing their web applications. They need robust, secure solutions that protect sensitive data and user information, driving the demand for secure development practices. Additionally, the integration of web applications with the Internet of Things (IoT) is opening up new avenues for businesses to collect data, optimize operations, and enhance user experiences.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Deployment:

• Cloud-based
• On-premises

On-premises WAF represents the largest market segment as it helps prevent the risk of threats from advanced cyber-attacks or ransomware.

Breakup by Organization Size:

• Large Enterprises
• Small and Medium Enterprises

WAF finds applications in large enterprises on account of their increasing focus on ensuring secure access to network devices.

Breakup by Service:

• Professional services
• Managed services

WAF is extensively used for professional services as it protects websites and other web applications by inspecting and filtering traffic between the website and visitors accessing the site.

Breakup by End Use Industry:

• Government and Defense
• BFSI
• Retail
• Healthcare
• IT and Telecom
• Energy and Utilities
• Manufacturing
• Others

WAF is employed in the BFSI industry to prevent unauthorized access to the confidential data of customers and eliminate the risk of scams and cyber-attacks.

Market Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Competitive Landscape with Key Player:

• 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.
• Radware Ltd.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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