Web Application Firewall Global Market Report 2023: Featuring Imperva, Barracuda Networks, F5 Networks, Qualys & More

Dublin, June 08, 2023 (GLOBE NEWSWIRE) -- The "Web Application Firewall Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.

The global web application firewall market is expected to grow from $4.25 billion in 2022 to $5.07 billion in 2023 at a compound annual growth rate (CAGR) of 19.3%. The web application firewall market is expected to reach $9.81 billion in 2027 at a CAGR of 17.9%.

The increase in the number of cyber-attack and data breach activities is expected to propel the web application firewall market going forward. A cyberattack and data breach is a malicious and intentional attempt by an individual or a group to breach the information system of another person or organization. It is used to gain unauthorized access, corrupt, disrupt, disable, and control someone's computer.

A web application firewall prevents and protects the web application from cyber attacks and keeps the data safe. For instance, according to the cybersecurity threatscape report by Positive Technologies, a Russia-based cybersecurity company, the number of cyberattacks increased by 17% in Q1 of 2021 as compared to Q1 2020, and it increased by 1.2% as compared to Q4 2020.

Furthermore, according to the 2022 cost of a data breach report published by IBM (International Business Machines Corporation) , the average cost of a data breach increased 2.6%, from USD 4.24 million in 2021 to USD 4.35 million in 2022. Therefore, the increase in the number of cyber-attacks and data breaches is significantly contributing to the growth of the web application firewall market.

Technological advancement is a key trend in the web application firewall market. Major players in operating web application firewalls are adopting cloud-based website firewalls and advanced WAF technology that employs behavioral analytics, proactive bot defense, and application-layer data encryption.

For instance, in May 2022, StackPath, a US-based edge computing platform provider, launched StackPath Web Application Firewall (SP//WAF) by subscription. It offers monthly WAF usage and increased access to new and extra features like specialized sanction screens and sophisticated rules extensions, professional services, and technical support. The powerful threat-detection capabilities that set SP/WAF are available to businesses of all sizes in a package that cost-effectively satisfies their specific security, use, and operations-management requirements.

Asia-Pacific was the largest region in the web application firewall market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the web application firewall report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the web application firewall market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
• Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
• Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
• Measure the impact of high global inflation on market growth.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market shares.
• Benchmark performance against key competitors.
• Suitable for supporting your internal and external presentations with reliable high quality data and analysis

Description:

Where is the largest and fastest growing market for web application firewall? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The web application firewall market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:
• The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
• The impact of higher inflation in many countries and the resulting spike in interest rates.
• The continued but declining impact of COVID-19 on supply chains and consumption patterns.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope
Markets Covered:

1) By Component: Solutions; Services
2) By Deployment Model: On-Premise; Cloud
3) By Organization Size: Large Enterprises; Small and Medium Sized Enterprises
4) By Vertical or End User: Banking, Financial Services and Insurance; Retail; IT and Telecommunications; Government and Defense; Healthcare; Energy and Utilities; Education; Other Verticals

Key Attributes:

Key Topics Covered:

1. Executive Summary

2. Web Application Firewall Market Characteristics

3. Web Application Firewall Market Trends And Strategies

4. Web Application Firewall Market - Macro Economic Scenario

5. Web Application Firewall Market Size And Growth

6. Web Application Firewall Market Segmentation

7. Web Application Firewall Market Regional And Country Analysis

A selection of companies mentioned in this report includes

• Imperva
• Akamai Technologies
• Barracuda Networks
• Citrix System
• Cloudflare
• F5 Networks
• Fortinet
• Radware
• Qualys Inc
• Ergon Informatik
• Amazon Web Services
• Nsfocus Information Technology Co. Ltd.
• Dell SonicWall
• Rohde & Schwarz
• Microsoft Corporation

For more information about this report visit https://www.researchandmarkets.com/r/glinzr

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Attachment

• Global Web Application Firewall Market