Web Application Firewall Market was valued at US$ 5.45 Bn. in 2021. The Global Web Application Firewall Market size is estimated to grow at a CAGR of 18.2% over the forecast period.
Web Application Firewall Market Overview:
The report explores the Web Application Firewall market’s segments (Organization Size, Component, Deployment Model, End-User, and Region). Data has been provided by market participants and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). This market report provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2017 to 2020. The report investigates the Global Web Application Firewall market’s drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Global Web Application Firewall market’s contemporary competitive scenario
The Web Application Firewall Market study gives a comprehensive view of the competition, including the market share and company profiles of the major global competitors. The scope of the research includes a full examination of the Web Application Firewall Market , as well as the reasons for variations in the industry’s growth between regions.
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Market Scope:
Following the completion of market engineering, which included market statistics computations, market size estimations, market forecasts, market breakdown, and data triangulation, extensive primary research was done to gather information and verify and validate important numbers. To undertake market estimating and forecasting for the overall market segments and sub-segments described in this research, top-down and bottom-up tactics, as well as different data triangulation procedures, were often employed throughout the market engineering process. Extensive qualitative and quantitative analysis is performed on all data obtained during the market engineering process in order to provide essential information throughout the report.
Segmentation:
Based on Deployment, the Global Web Application Firewall Market is segmented into On-premises and Cloud-based. The Cloud-based segment has dominated the largest market share accounting for 48% in 2021, and is expected to grow at a CAGR of 17% during the forecast period. The increasing adoption of cloud-based computing technologies is expected to drive the market over the coming years during the forecast period. This cloud-based WAF is a security solution that filters, monitors, and blocks malicious traffic targeting web applications. It provides protection from attacks such as cross-site scripting (XSS), SQL injection, and malware. Cloud-based WAFs are easy to deploy and offer real-time visibility into attacks. They are available in both managed and unmanaged versions. Hence, the cloud-based segment is expected to drive the growth of the market through the forecast period.
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Key Players:
Market leaders are identified by primary and secondary research, and market revenue is calculated using primary and secondary research. The core study included in-depth interviews with key thought leaders and industry experts such as experienced front-line personnel, CEOs, and marketing executives. In-depth interviews with important thought leaders and industry experts, such as experienced front-line personnel, CEOs, and marketing executives, were conducted as part of primary research, while secondary research included a review of the major manufacturers’ annual and financial reports. Secondary data is utilized to calculate percentage splits, market shares, growth rates, and global market breakdowns, which are then verified against primary data.
The biggest players in the Web Application Firewall Market are as follows:
• 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
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Regional Analysis:
Individual market influencing components and changes in market laws impacting current and future market trends are also covered in the Web Application Firewall Market analysis regional overview. Current and future trends are studied in order to evaluate the overall market potential and find profitable patterns in order to get a firmer footing. The geographical market evaluation is based on the current environment and anticipated trends.
COVID-19 Impact Analysis on Web Application Firewall Market :
Due to a break in operations, end-user sectors where Web Application Firewall Market are used suffered a drop in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, the United States, and Spain, France, and India. As a result, the revenues of enterprises in these industries fell significantly, as did the demand for Web Application Firewall Market manufacturers, impacting the growth of the Web Application Firewall Market in 2020. Lockdowns and a surge in COVID-19 events globally have severely reduced end-user business demand for Web Application Firewall Market .
Key Questions Answered in the Web Application Firewall Market Report are:
- In 2021, which segment owned the greatest share of the Web Application Firewall Market ?
- What is the competitive landscape of the Web Application Firewall Market ?
- What are the key factors influencing Web Application Firewall Market growth?
- In the Web Application Firewall Market , which region has the most market share?
- What will be the CAGR of the Web Application Firewall Market over the forecast period (2022-2027)?
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