Global web application firewall market is anticipated to grow at a CAGR of 16.7% during the forecast period (2024-2031). A major factor supporting the growth of the market is cloud-based WAF solutions are available as software packages that provide the best defense against vulnerabilities such as malware, phishing, ransomware, and new cyber threats. They also safeguard and protect the network (VPN) even when users are not connected to their VPN. Moreover, the increasing demand for cost-effective data management solutions, such as cloud-based data management, which eliminates the need for on-premises infrastructure, is positively impacting the web application firewall market outlook.
Browse the full report description of “Web Application Firewall Market Size, Share & Trends Analysis Report by Component (Solution and Services), by Service (Professional services and Managed services) by Organization Size (Large Enterprises, and Small & Medium Enterprises), and by End-User (BFSI, Healthcare, IT and Telecom, Manufacturing, Government and Public Sector, and Retail and E-Commerce), Forecast Period (2024-2031).” at https://www.omrglobal.com/industry-reports/web-application-firewall-market
According to the Cloud Security Alliance, about 80.0% of organizations in North America are implementing cloud strategies for modernizing the technology stack and infusing intelligence into business applications. As a result, various market players are increasingly investing in the research and development activities of cloud based WAF solutions to offer resilient security services to enterprises and individuals. For instance, in June 2023, the premier cloud validation provider, SecureIQLab, announced its third version of Web Application Firewall (WAF 3.0) testing. This version is expected to include the first-of-their-kind API security test cases. WAF 3.0 will evaluate the capabilities of market-leading security solutions to withstand a complex cyber threat landscape. No other testing organization has tested WAF with the same level of breadth, depth, and transparency for vendors to evaluate their security resiliency, operational efficiency, and return on security investment (ROSI). Innovations like these are projected to propel the web application firewall market's recent price in the years to come.
Cloud-based WAF provides an affordable way for businesses to protect their web applications. The market is expanding owing to the explosion of social media and cloud-based technology. Cloud computing is widely used in many enterprises and offers affordable security solutions. Teams may collaborate from any location at any time with cloud computing. Businesses may use the cloud to build a strong and extremely secure platform using supplementary infrastructure technologies, such as software-defined perimeters. Thus, a notable trend in this industry is the growing uptake of cloud computing solutions.
Market Coverage
• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-
o By Component
o By Service
o By Organization Size
o By End-User
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- Akamai Technologies, Barracuda Networks, Inc., Cloudflare, Inc., and Qualys, Inc., among others.
Key questions addressed by the report.
Global Web Application Firewall Market Report Segment
By Component
By Service
By Organization Size
By End-User
Global Web Application Firewall Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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