Web Application Firewall Solution Market By Solution (Hardware Appliances, Virtual Appliances, and Cloud-Based), Services (Professional Services (Consulting, Support and Maintenance, Training and Education, and System Integration), Managed Services), Organization Size ( Small Enterprises, Medium Enterprises and Large Enterprises), Industry Vertical (Banking, Financial Services, and Insurance, Retail, IT and Telecommunications, Government and Defense, Healthcare, Energy and Utilities, and Others), Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2018 to 2026
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The global web application firewall solution market is expected to grow from USD 2.31 billion in 2018 to USD 7.12 billion by 2026 at a CAGR of 19.57% during the forecast period from 2018-2026.
Global Web Application Firewall Solution market is expected to reach USD 7.12 billion by 2026, at a CAGR of 19.57% from 2018 to 2026. The advanced web application firewall technologies are offering machine learning and artificial learning which plays crucial role web application firewall solution market. Cloud-based WAF solutions provide protection and safeguard the network, if users are off their Virtual Private Network (VPN). It also offers capabilities, such as bot detection and enforcement, access control, Application Program Interface (API) security, caching, threat intelligence, malware detection, and Distributed Denial of Service (DDoS) mitigation. Significant growth in the adoption of cloud computing technologies across vertical industries, drives the demand for web application firewall solution market during the forecast period.
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The increasing importance of web application and rise in instances of web attacks, such as cyber theft, vandalism, espionage, and fraud had helped the market to increase the market share in the global market. Additionally, rise in awareness from small and medium-sized enterprises, and large enterprises for ensuring secure access to their networking devices has also propelled the demand for web application firewall solution market during the projected period. Moreover, supportive government regulations and necessity for adoption of web application firewall also drives the market growth during the projected period. However, high cost of deployment of web application firewall and intense competition from major competitors, restraints the market growth during the forecast period.
The major key Vendors includes in the web application firewall solution market are Penta Security Systems, Akamai, Imperva, NSFOCUS, DBAPPSecurity, Venustech, Sangfor, F5 Networks, Citrix Systems, Barracuda Networks, Radware, Secure Sky Technologies, Alibaba Cloud, Piolink, Monitorapp
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