Web Application Firewall Market by Component, Organization Size, Vertical and Region

DUBLIN, September 28, 2022 /PRNewswire/ — The “Global Web Application Firewall Market by Component (Solutions (Hardware Appliances, Virtual Appliances, Cloud-based) and Services (Professional and Managed)), Organization Size (SMB and Large Enterprise), Vertical and region – forecast until 2027″ report has been added to from ResearchAndMarkets.com offer.

The size of the global WAF market will grow from $5.8 billion in 2022 at $13.8 billion by 2027, at a compound annual growth rate (CAGR) of 18.9% over the forecast period.

As the world gradually becomes interconnected, the penetration of technologies, such as IoT, in various end-user applications is increasing. Organizations are increasingly using these connected devices in their processes to run their business optimally.

With the increase in the number of devices and associated applications, various cyberattacks and security vulnerabilities are adding to the threat landscape. To deal with such situations, majority of IoT technology and development companies deploy and recommend advanced security solutions, such as WAFs, Next-Generation Firewall (NGFW), and IoT Application Self-Protection. (RASP), to secure their enterprise infrastructure, thereby driving demand for the WAF market.

By component, the service segment is expected to grow at a higher CAGR during the forecast period

The services segment is expected to grow at a higher growth rate during the forecast period. The vendors offer a full suite of services that help businesses perform various activities necessary to manage these solutions effectively. They also provide a single point of contact for all required help and assistance. The growing adoption of WAF solutions drives the need for pre- and post-sales consulting services, deployment and overall solution management. The services segment is further segmented into professional services and managed services.

By Professional Services, the consulting sub-segment with the largest market share

The consulting sub-segment is expected to hold the largest market size. Consulting services are offered by highly qualified industry experts, domain experts and security professionals, who help organizations formulate cybersecurity strategies, prevent revenue loss, minimize risk, understand the maturity of cybersecurity solutions and to strengthen the security of existing information systems. Consulting service providers guide enterprises in setting up a new WAF security infrastructure to meet specific security requirements.

By vertical, BFSI segment is expected to grow at the highest CAGR during the forecast period

The Banking, Financial Services and Insurance (BFSI) segment is expected to grow at the highest CAGR during the forecast period. To improve business operations and expand the customer base, organizations in the BFSI vertical are introducing new and improved financial products and services, making the industry a lucrative target for fraud. With facilities such as smart banking, internet banking, and mobile banking, BFSI companies must prioritize WAF security solutions.

Main topics covered:

1. Introduction

2 Research methodology

3 Executive Summary

4 premium previews
4.1 Web Application Firewall Market Overview
4.2 Market, by Component, 2022 vs. 2027
4.3 Market, by Solution, 2022 Vs. 2027
4.4 Market, by Professional Service, 2022 Vs. 2027
4.5 Market, by Organization Size, 2022 vs. 2027
4.6 Market, by Vertical, 2022 Vs. 2027
4.7 Web Application Firewall Market: Regional Scenario, 2022-2027

5 Market Overview and Industry Trends
5.1 Presentation
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Importance of Web Applications
5.2.1.2 Growing number of web attacks, such as cyber theft, espionage, vandalism and fraud
5.2.1.3 Government regulations and need for compliance to drive adoption of Waf solutions
5.2.1.4 Technology Proliferation and Growing IoT Penetration
5.2.2 Constraints
5.2.2.1 Insufficient protection, false positives and high cost of deployment
5.2.2.2 Organizations Seeing Runtime Application Self-Protection as a Viable Alternative
5.2.3 Opportunities
5.2.3.1 Increased Adoption of Cloud-Based Wafs and Virtual Appliances
5.2.3.2 Introduction of Waf powered by Ml/Ai
5.2.4 Challenges
5.2.4.1 Lack of technical expertise
5.2.4.2 Presence of traditional firewalls
5.3 Analysis of case studies
5.3.1 Case Study 1: Electronic Records and Practice Management Software Company Relied on Imperva for Security and Efficiency
5.3.2 Case Study 2: Asian Paints Powered Transformation with F5 Silverline Web Application Firewall
5.3.3 Case Study 3: Peach Enhanced Security and Customer Trust Using Aws Waf
5.4 Market Dynamics Induced by COVID-19
5.4.1 Drivers and Opportunities
5.4.2 Constraints and challenges
5.5 Price Analysis
5.6 Value chain analysis
5.7 Pricing and regulatory landscape
5.7.1 Regulatory bodies, government agencies and other organizations
5.7.2 Payment Card Industry Data Security Standard
5.7.3 Health Insurance Portability and Accountability Act
5.7.4 Federal Information Security Management Act
5.7.5 Gramm-Leach-Bliley law
5.7.6 Sarbanes-Oxley Act
5.7.7 International Organization for Standardization Standard 27001
5.7.8 European Union General Data Protection Regulation
5.8 Patent Analysis

6 Web Application Firewall Market, By Component
6.1 Presentation
6.1.1 Components: Market Drivers
6.1.2 Components: impact of COVID-19
6.2 Remedy
6.2.1 Hardware devices
6.2.2 Virtual devices
6.2.3 Cloud-based
6.3 Services
6.3.1 Professional services
6.3.1.1 Advice
6.3.1.2 Support and maintenance
6.3.1.3 Training and education
6.3.1.4 System integration
6.3.2 Managed Services

7 Web Application Firewall Market, By Organization Size
7.1 Presentation
7.1.1 Size of Organizations: Market Drivers
7.1.2 Size of organizations: impact of COVID-19
7.2 Small and medium enterprises
7.3 Large companies

8 Web Application Firewall Market, By Industry
8.1 Presentation
8.1.1 Verticals: Market Drivers
8.1.2 Verticals: impact of COVID-19
8.2 Banking, financial services and insurance
8.3 Retail
8.4 Computers and telecommunications
8.5 Government and Defense
8.6 Healthcare
8.7 Energy and utilities
8.8 Education
8.9 Other vertical markets

9 Web Application Firewall Market, by Region

10 Competitive Landscape
10.1 Overview
10.2 Market Assessment Framework
10.3 Revenue Analysis
10.4 Market Share Analysis
10.5 Business Rating Quadrant
10.5.1 Stars
10.5.2 Emerging Leaders
10.5.3 Ubiquitous Players
10.5.4 Participants
10.5.5 Global Company Footprint Analysis
10.6 Ranking of Key Players
10.7 Startup/SME Assessment Matrix
10.7.1 Progressive companies
10.7.2 Sensitive businesses
10.7.3 Dynamic companies
10.7.4 Starting Blocks
10.8 Key Market Developments
10.8.1 Product Launches and Improvements
10.8.2 Offers
10.8.3 Others

11 company profiles
11.1 Presentation
11.2 Key Players
11.2.1 Imperva
11.2.2 Akamai
11.2.3 Barracuda
11.2.4 Citrix
11.2.5 Cloud Flare
11.2.6 Rohde & Schwarz
11.2.7 Computer ergonomics
11.2.8 F5 Networks
11.2.9 Fortinet
11.2.10 Radware
11.3 Other Players
11.3.1 Penta security systems
11.3.2 Trustwave
11.3.3 Nsfocus
11.3.4 Sophos
11.3.5 Positive Technologies
11.3.6 Oracle
11.3.7 Qualys
11.3.8 Aws
11.3.9 Quickly
11.3.10 Microsoft
11.3.11 Alibaba Cloud
11.3.12 Lumen
11.4 SMEs/Startups
11.4.1 Stack Path
11.4.2 Prophaze
11.4.3 Industry
11.4.4 Wallarm
11.4.5 Haproxy
11.4.6 Reroll
11.4.7 Cloudbric
11.4.8 Mlytics
11.4.9 Expimont
11.4.10 Threatx

12 adjacent markets

13 Appendix

For more information on this report, visit https://www.researchandmarkets.com/r/rjhnyf?

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SOURCE Research and Markets

Aubrey L. Morgan