2019 Web Application Firewall Market Report Leading Key Players (F5 Networks, Imperva, Radware, Cloudflare, Inc.) with Size and Share, Growth Rate, Market Latest Trends, Future Technologies Forecast to 2024

Web Application Firewall Market report consists of an extensive primary research, as well as an in-depth analysis of the qualitative and quantitative aspects by various industry specialists and professionals, to gain a deeper insight of the market and the overall landscape. Web Application Firewall market also shows information of Product awareness, adept workforce, technological advancements, raw material affluence, favorable environment, and rapidly growing product demand are some factors that persistently boost the growth of the Web Application Firewall market.

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Scope of the Report:

Web application firewall is an application firewall for HTTP applications. Web applications are valuable tools for businesses of all sizes. A WAF can be either network-based, host-based, or cloud-based and is often deployed through a reverse proxy and placed in front of one or more web sites or applications. These applications enable businesses to communicate with customers, potential customers, employees, partners, and other information technology (IT) systems. E-commerce witnesses a mix of attempts designed to cause downtime and access internal files, which WAF helps them to secure.

Major Key Players:

Akamai Technologies, Inc.
Barracuda Networks, Inc.
Cloudflare, Inc.
Citrix Systems, Inc.
Qualys, Inc.
F5 Networks, Inc.
Imperva, Inc.
Fortinet, Inc.
Penta Security Systems Inc.
Radware Ltd
Trustwave Holdings, Inc.
Nsfocus Information Technology Co., Ltd
Sophos Group PLC

Market Overview:

The web application firewall market was valued at USD 2.76 billion in 2018 and is expected to reach USD 6.89 billion by 2024, at a CAGR of 16.92% during the forecast period (2019-2024). The current trend is to merge the ability of network vulnerability scanners with the toolkits for the web application security space. This gives the ability to use data found from one level and drive a more focused approach for the other level.
- Web-based applications and services have changed the landscape of information delivery and exchange in today’s corporate, government, and educational sectors. Due to the easy availability of information and the richness of web services, a higher reliance is placed on web-based services and firewall market for greater integration of internal information systems.
- Certain industry and government regulations require the deployment of a WAF (Web Application Firewall) solution, either explicitly or implicitly. For example, the Payment Card Industry Data Security Standard (PCI-DSS) is a well-known and important regulation that drives WAF adoption in the market. WAF functionality can be implemented in software or hardware, running in an appliance device, or in a typical server running a common operating system.
- The main challenge to web application firewalls are cost and performance. Performance is often an issue because these tools inspect all incoming and outgoing traffic at the application layer. Each protocol, such as HTTP, SMTP, etc., requires its own proxy application, and support for new network applications and protocols can become slow to emerge.

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Key Market Trends:

Healthcare Sector to Witness Significant Growth

- Firewalls are the first line of defense for every healthcare network and protect EHRs (Electronic Health Record) and protected health information (PHI) from malware and other cyber attacks.
- Healthcare organizations have more than just computers and smartphones accessing the network. Connected medical devices are Wi-Fi enabled and usage of the network to collect patient data and monitor health. While hackers may not get the information they are looking for directly from connected medical devices, they can use these devices by means of remote network access as a means to freely access the entire network. Medical devices are often overlooked as a cyber security vector because they may lack traditional interfaces associated with accessing the network.
- Healthcare firewalls have to cover more ground than firewalls in other industries because of the value of EHRs and clinical data, since there are numerous ways where hackers can gain unauthorized access to the network.

North America Holds the Largest Share in Web Application Firewall Market

- Due to the security breach incidents and the presence of cyber security vendors, North America is considered the most advanced region for technology adoption and infrastructure. Awareness about the threats is a critical economic and security challenge in the region. The growing concern to ensure the protection of sensitive data has increased corresponding government intervention in recent years.
- North America is leading in terms of the higher presence of security vendors. North America is the most advanced region for cyber security technology adoption and infrastructure due to developed countries, such as the United States and Canada.
- A data breach can be prevented by using orchestration and automation tools to take in SIEM (Security Information and Event Management) alerts and enrich them with intelligence and make an analysis for the chances of risk, and communicate them to analysts with a clear picture of their significance. Establishing a robust log-on is one proactive example for regulating access control.

Competitive Landscape:

Most of the companies present in the market are efficient at the technological front, but require significant support for enhancing their services and expanding their businesses. Thus, mergers and acquisitions offer significant opportunities to gain the attention of a large number of providers across developed regions.

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Web Application Firewall Market Covers Following Points in TOC:

1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Rising Instances of Web Attacks, Such as Cyber Theft, Espionage, Vandalism, and Fraud
4.3.2 Technological Advancement and Increasing Penetration of IoT Across Various End-user Applications
4.4 Market Restraints
4.4.1 High Cost of Deployment for Appliance-based WAF
4.5 Value Chain Analysis
4.6 Industry Attractiveness - Porter's Five Forces Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 By Component
5.1.1 Solutions
5.1.1.1 Hardware Appliances
5.1.1.2 Virtual Appliances
5.1.1.3 Cloud-Based
5.1.2 Services
5.1.2.1 Consulting
5.1.2.2 Support and Maintenance
5.1.2.3 Training and Education
5.1.2.4 Professional Services
5.1.2.5 System Integration
5.2 By Organization Size
5.2.1 Small and Medium-Sized Enterprises
5.2.2 Large Enterprises
5.3 By Industry Vertical
5.3.1 BFSI
5.3.2 Retail
5.3.3 IT and Telecommunications
5.3.4 Government and Defense
5.3.5 Healthcare
5.3.6 Energy and Utilities
5.3.7 Education
5.3.8 Other Industry Verticals
5.4 Geography
5.4.1 North America
5.4.2 Europe
5.4.3 Asia-Pacific
5.4.4 Latin America
5.4.5 Middle East & Africa

6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Akamai Technologies, Inc.
6.1.2 Barracuda Networks, Inc.
6.1.3 Cloudflare, Inc.
6.1.4 Citrix Systems, Inc.
6.1.5 Qualys, Inc.
6.1.6 F5 Networks, Inc.
6.1.7 Imperva, Inc.
6.1.8 Fortinet, Inc.
6.1.9 Penta Security Systems Inc.
6.1.10 Radware Ltd
6.1.11 Trustwave Holdings, Inc.
6.1.12 Nsfocus Information Technology Co., Ltd
6.1.13 Sophos Group PLC

7 INVESTMENT ANALYSIS

8 MARKET OPPORTUNITIES AND FUTURE TRENDS

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