Web Application Firewall Market Report
Technology

Web Application Firewall Market Outlook | Industry Report 2022-2027

The global web application firewall market size reached US$ 4.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 10.4 Billion by 2027, exhibiting a CAGR of 17.5% during 2022-2027.

Covid-19 Scenario:

We are regularly tracking the impact of COVID-19 on the web application firewall market, along with the indirect influence of associated industries. These observations will be integrated into the report.

A web application firewall (WAF) refers to hardware- or software-based solutions deployed via a proxy for monitoring the network traffic on web-enabled applications. They are used for filtering and blocking HTTP traffic to and from a web application to prevent attacks that may include cross-site scripting and forgery, file inclusion, SQL injection, and improper system configuration. These firewalls also assist in establishing a secure barrier between the computer and the external environment. In recent years, web application firewalls have gained traction as they are essential in filtering an information source through the process of whitelisting or blacklisting. This helps in offering agile protection to the applications against enhanced visibility of web traffic and web attacks at an affordable cost.

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Industry Trends and Drivers:

The growing occurrence of cyberattacks and internet frauds on the global level represents the primary factor driving the market. WAF technologies are widely opted by organizations to prevent instances of malware, phishing and security threats. The market is further catalyzed by the various initiatives undertaken by the governments of different countries to create awareness regarding the importance of cybersecurity. The increasing adoption of cloud-based variants of WAF solutions is acting as another growth-inducing factor as they secure crucial data and the overall network, even when the user is offline.

Besides this, there has been a rise in the utilization of WAF solutions in the healthcare sector to avoid unauthorized access to electronic patient records and crucial healthcare networks. Moreover, considerable improvements in the information technology (IT) infrastructure, the growing use of virtual cloud resources, and extensive research and development (R&D) activities conducted by several leading players are some of the other factors providing a positive outlook to the market.

Global Web Application Firewall Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of the key players being 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. and Radware Ltd.

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The report has segmented the market on the basis of Deployment, Organization Size, Service, End User and Region.

Breakup by Deployment:

Cloud-based
On-premises

Breakup by Organization Size:

Large Enterprises
Small and Medium Enterprises

Breakup by Service:

Professional services
Managed services

Breakup by End Use Industry:

Government and Defense
BFSI
Retail
Healthcare
IT and Telecom
Energy and Utilities
Manufacturing
Others

Breakup by Region:

North America
Asia Pacific
Europe
Latin America
Middle East and Africa

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