The secure web gateway market is anticipated to grow significantly during the forecast period attributed to the rising internet penetration that leads to higher demand for a secure network across the globe. Secure web gateway is a solution that provides protection to the end-users from various malware and security threats. The internet allows users to access information over a network, however, it also acts as a doorway to the user’s devices, their privacy, and security. It places the user’s data at high risk for data theft, frauds, identity theft, corporate espionage, and other such criminal activities. Thus, the application of secure web gateway solutions has seen an upward trend in recent years to prevent rising cyber terrorism. Furthermore, there has been an increasing concern for data privacy and security due to the augmenting integration of cloud computing and mobile devices within various companies.
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The factors contributing to the growth of the secure web gateway market include growing dependency on the internet, rising demand by various organizations for the protection of end-customer data and rising adoption of cloud-based solutions among enterprises. Moreover, technological advancements such as upgradation to next-generational firewalls and progressive anti-malware are enhancing the gateway secure web solutions to protect companies from frauds, invasions and data breaches. Further, the rising requirement for protecting the internal network of an organization, while controlling productivity is fueling the growth of this market.
Additionally, industries such as government utilities, healthcare and BFSI (Banking, Financial Services, and Insurance) are the typical victims of cyber threats, thereby creating the need for an advanced and effective secure web solution. This is expected to increase the opportunities in the secure web gateway market across the globe. However, the growth of the market will be restrained due to certain factors that include lack of awareness about these security systems and lack of demand for customary firewall in a few organizations.
The major players in the global secure web gateway market include Forcepoint, LLC, Avast Software s.r.o., NTT Security GmbH, Zscaler Inc., Cisco Systems, Inc., and Symantec Corp. These players adopt various strategies to retain their position in the market and increase their market share across the globe. These strategies include new product development and launches, mergers and acquisitions, partnerships and collaborations, and innovation. For instance, in March 2019, NTT Security Corp. entered into an agreement to acquire WhiteHat Security to expand its portfolio and enable its customers and partners to take advantage of the WhiteHat Security’s cloud-based application security platform.
Current Market Trends Covered in the Market Report:
· Rising cyber terrorism leading to increased adoption of secure web gateway solutions
· Mergers and acquisitions - key drivers of growth in the secure web gateway market
· North America- currently has a dominant position in the global secure web gateway market
· Rising concerns for protecting the internal network of the organization
· Augmenting integration of cloud computing and mobile devices within various companies
Global Secure Web Gateway Market – Segmentation
By Deployment
· On-Premise
· Cloud
By Vertical
· BFSI
· Telecom & IT
· Healthcare
· Government and Defense
· Others (Education)
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Global Secure Web Gateway Market by Region
North America
· US
· Canada
Europe
· Germany
· UK
· France
· Spain
· Italy
· Rest of Europe
Asia-Pacific
· China
· Japan
· India
· Rest of Asia-Pacific
Rest of the World
· Middle East & Africa
· Latin America