Web Application Firewall Market Insights on Trends, Drivers and Opportunities by 2025 & key players - Akamei, Barracuda, Citrix., Cloud Flare, Denyall, Ergon Informatik, F5 Network, Fortinet, Radware, Trustwave, Nsfocus.

Web Application Firewall Market Size and Growth Rate:
Web Application Firewall Market was valued at USD 2.25 billion in 2017 and projected to reach USD 8.7 billion by 2025 growing at a CAGR of 18.50% during the forecast period 2018 to 2025.

Web Application Firewall Market Overview:
The main factors that drive the web application firewall market majority are technological innovation in product offerings, rise in approval for cloud-based solutions, further in application areas among business verticals, and heavy venture capital expenses in R&D activities to develop solutions with improved capabilities.

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Web Application Firewall Market Growth Drivers and Restraints:
Governmental institutions and e-commerce companies are found to be targets. These two areas are subjected to the highest level of compromise attempts. E-commerce spectators a mix of attempts designed to create downtime and access internal files. By contrast, 65.0% of all attacks in the finance division attempt to steal the login data of website visitors. Such cyber-attacks on web applications are making the market during the forecast period.

Data security industry experts recognize that unprotected web applications have grown targets for hacker’s accessible entry features into their networks. This is the main case for financial service firms who think that their perimeter defenses fully protect them. Custom code is conventionally one of the lowest links for many firms, as in-house application development teams are unable to stay awake or notified of all new types of attacks. As threats last to evolve in number, organizations in the financial services business are considering web application firewall as an approach, hitting the market in the coming years. The web application firewall market is affected by a number of factors including an increase in demand for cloud-based solutions, expanded number of cyber-attack activities, stringent industry standards and regulatory compliance, extended application areas, and a dearth of trained professionals. These circumstances collectively provide possibilities for market growth. However, each factor has a definite impact on the web application firewall market.

Geographic Insights of Web Application Firewall Market:
The North America web application firewall market produced the highest revenue in 2017, attributed to the rise in a number of security breaches and government organizations related to IT security is expected to spur government organizations and companies to enhance their data protection infrastructure, which is expected to support the security device market growth. The Asia-Pacific web application firewall market is anticipated to grow at the highest CAGR, owing to the appearance of untapped demands and surge in need for better application security solutions.

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Key Market Players of Web Application Firewall Market:
Akamei, Barracuda, Citrix., Cloud Flare, Denyall, Ergon Informatik, F5 Network, Fortinet, Radware, Trustwave, Nsfocus

Web Application Firewall Market Key Segmentation:
By Solution:
• Hardware Appliances
• Virtual Appliances
• Cloud-Based

By Service:
• Professional Services
• Managed Services

By Organization Size:
• SMEs
• Large Enterprise

By Industry Vertical:
• Banking, Financial Services, and Insurance
• Retail
• IT & Telecommunication
• Government and Defense
• Healthcare
• Energy and Utilities
• Education

By Region:
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle-East & Africa

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