The Web Application Firewall Market size was valued at USD 5.69 billion in 2022. It is expected to hit USD 23.19 billion by 2030 and grow at a CAGR of 19.2% over the forecast period of 2023-2030.
The Web Application Firewall (WAF) market has seen significant growth in recent years, driven by the escalating concerns over cybersecurity threats targeting web applications. With the increasing adoption of cloud computing, mobile technologies, and IoT devices, the attack surface for web applications has expanded, propelling the demand for robust security solutions like WAFs. Companies across various industries are realizing the importance of safeguarding their web applications from a myriad of threats such as SQL injection, cross-site scripting (XSS), and distributed denial-of-service (DDoS) attacks, thereby fueling the growth of the WAF market.
One notable trend within the Web Application Firewall market is the shift towards cloud-based solutions. Cloud-based WAFs offer scalability, flexibility, and ease of deployment, making them an attractive option for organizations seeking to protect their web applications without the overhead of managing on-premises infrastructure. Additionally, cloud-based WAF solutions often come bundled with other security services, providing a comprehensive approach to web application security in a single platform. This trend is expected to continue as more businesses transition towards cloud-native architectures and seek integrated security solutions.
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Covid 19 impact analysis:
The latest report is the most recent study that offers 360 coverage of the Web Application Firewall industry that has been facing the brunt of the adverse economic impact of the COVID-19 outbreak since the beginning of this year. The global health crisis has affected nearly every aspect of the business vertical and led to massive disruptions to the global Web Application Firewall market demand and supply chains. Researchers draw predictions for the market scenario in the post-COVID era. The report, additionally, assesses the present market situation and estimates its future outcomes, keeping in mind the impact of the pandemic on the global economic landscape.
Major companies profiled in the market report include
Oracle, Barracuda Fortinet, Inc., Citrix Systems, Inc., Applicure Technologies Ltd., Cloudflare, Inc., Radware Ltd., Akamai Technologies, F5 Networks, Inc., Imperva, Inc., AWS, Qualys, Inc., Networks, Inc., Barracuda, Rohde & Schwarz, Positive Technologies, Qualys, Wallarm, StackPath, Cloudflare, Reblaze, and others
Research objectives:
The latest research report has been formulated using industry-verified data. It provides a detailed understanding of the leading manufacturers and suppliers engaged in this market, their pricing analysis, product offerings, gross revenue, sales network & distribution channels, profit margins, and financial standing. The report’s insightful data is intended to enlighten the readers interested in this business sector about the lucrative growth opportunities in the Web Application Firewall market.
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It has segmented the global Web Application Firewall market
By Deployment Model
On-Premise
Cloud
By Organization Size
Large Enterprises
Small and Medium Enterprises
By Component
Solution
Services
By End User
BFSI
Healthcare
IT and Telecom
Manufacturing
Government and Public Sector
Retail and E-Commerce
Others
Key Points Covered in the Report:
· A thorough analysis of value and volume at the worldwide, sector, and regional levels is included in the global Web Application Firewall' market report.
· The study offers a full business size Web Application Firewall ' from a global point of view through a review of past facts and possible scenarios.
·Geographically, the Web Application Firewall of market analysis includes the number of regions and their contrast of revenue.
· The market analysis focuses on ex-factory costs, output volume, market share & sales for every manufacturer on a company level basis.
Key Reasons to Purchase this Report:
· A comprehensive study of market size, share and dynamics is a global Web Application Firewall 'market research report and a thorough survey of developments in the field.
· It offers an in-depth overview of revenue growth and an analysis of the total business benefits.
· In addition to the strategic landscape for commodity pricing and marketing, the Web Application Firewall ' industry research also provides key players.
· This is a new post covering the latest impact on the target market. The research report addresses the rapidly evolving market climate as well as the initial and future impact assessment.
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