Web Application Firewall Market to Witness Huge Growth from 2016-2023 and Focusing on Top Key Players - Akamai Technologies, Barracuda Networks, Citrix Systems, F5 Networks, Imperva

Web Application Firewall Market is expected to reach at $1,425 million by 2023 at a CAGR of 19.2%. Web application firewall (WAF) is a hardware or software solution developed to control and monitor network traffic on web-enabled applications. This firewall establishes a relatively secure barrier between the system and the external environment. It provides web protection at the application layer of the open system interconnection model from many attacks types, such as XSS, SQL injection, cross-site scripting, DT, and RFI. WAF identifies and blocks attempts to exploit known web application vulnerabilities by shortening the window of exposure, while patches are thoroughly tested and deployed.

The global web application firewall market is segmented based on deployment, organization size, industry vertical, and geography. The deployment segment is bifurcated into cloud-based and on-premise. Based on organization size, it is divided into large enterprises and small & medium enterprises. On the basis of industry vertical, it is classified into aerospace & defense, BFSI, public sector, retail, healthcare, IT & telecom, energy & utilities, manufacturing, and others. Based on geography, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

Top Companies Covered in this Report:
Akamai Technologies, Barracuda Networks, Citrix Systems, F5 Networks, Imperva, Fortinet, Applicure Technologies , Qualys, Cloudflare, Radware , and others.

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The global web application firewall market was valued at $426 million in 2016, and is projected to reach $1,425 million by 2023, growing at a CAGR of 19.2% from 2017 to 2023. The major factors that drive the web application firewall market growth are technological innovation in product offerings, rise in adoption for cloud-based solutions, increase in application areas among industry verticals, and heavy venture capital investments in R&D activities to develop solutions with enhanced capabilities.

Major Types of Web Application Firewall covered are:
Cloud
On-premise

Major Applications of Web Application Firewall covered are:
Aerospace & Defense
BFSI
Public sector
Retail
Healthcare
IT & Telecom
Energy & Utilities
Manufacturing
Others

The North America web application firewall market generated the highest revenue in 2016, attributed to rise in number of security breaches and government regulations related to IT security is expected to stimulate government organizations and companies to enhance their data security infrastructure, which is expected to support the security appliance market growth. The Asia-Pacific web application firewall market is expected to grow at the highest CAGR, owing to the presence of untapped demands and surge in need for better application security solutions.

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Fundamentals of Table of Content:

1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered

2 Global Growth Trends
2.1 Web Application Firewall Market Size
2.2 Web Application Firewall Growth Trends by Regions
2.3 Industry Trends

3 Market Share by Key Players
3.1 Web Application Firewall Market Size by Manufacturers
3.2 Web Application Firewall Key Players Head office and Area Served
3.3 Key Players Web Application Firewall Product/Solution/Service
3.4 Date of Enter into Web Application Firewall Market
3.5 Mergers & Acquisitions, Expansion Plans

4 Breakdown Data by Product
4.1 Global Web Application Firewall Sales by Product
4.2 Global Web Application Firewall Revenue by Product
4.3 Web Application Firewall Price by Product

5 Breakdown Data by End User
5.1 Overview
5.2 Global Web Application Firewall Breakdown Data by End User

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In the last section of the report, the global Web Application Firewall market additionally provides a detailed survey of the key competitors and the leading players in the market, based on the various objectives of an organization such as overview, profiling, product portfolio, the quantity of production, upstream raw material, downstream demand analysis, and the financial status of the organization. These key players have adopted the regional expansion, mergers & acquisitions, product portfolio expansion, partnerships, and collaborations as their key strategies to enhance their infiltration in the Global Web Application Firewall Market.

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