Web Application Firewall Solution Market to Record an Impressive Growth Rate of 19.57% by 2026 along with USD 7.12 Billion

According to a recent research study “Web Application Firewall Solution Market By Solution (Hardware Appliances, Virtual Appliances, and Cloud-Based), Services (Professional Services (Consulting, Support and Maintenance, Training and Education, and System Integration), Managed Services), Organization Size ( Small Enterprises, Medium Enterprises and Large Enterprises), Industry Vertical (Banking, Financial Services, and Insurance, Retail, IT and Telecommunications, Government and Defense, Healthcare, Energy and Utilities, and Others), Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2018 to 2026” published by Data Library Research, The global web application firewall solution market is expected to grow from USD 2.31 billion in 2018 to USD 7.12 billion by 2026 at a CAGR of 19.57% during the forecast period from 2018-2026.

The Web Application Firewall Solution market Studies many aspects of the industry like the market size, market status, market trends and forecast, the report also provides brief information of the competitors and the specific growth opportunities with key market drivers. Find the complete Web Application Firewall Solution market analysis segmented by companies, region, type and applications in the report.

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The Major Players Covered in Web Application Firewall Solution Market

• Penta Security Systems,
• Akamai,
• Imperva,
• NSFOCUS,
• DBAPPSecurity,
• Venustech,
• Sangfor,
• F5 Networks,
• Citrix Systems
Barracuda Networks, Radware, Secure Sky Technologies, Alibaba Cloud, Piolink, and Monitorapp

Market Overview:

The increasing importance of web application and rise in instances of web attacks, such as cyber theft, vandalism, espionage, and fraud had helped the market to increase the market share in the global market. Additionally, rise in awareness from small and medium-sized enterprises, and large enterprises for ensuring secure access to their networking devices has also propelled the demand for web application firewall solution market during the projected period. Moreover, supportive government regulations and necessity for adoption of web application firewall also drives the market growth during the projected period. However, high cost of deployment of web application firewall and intense competition from major competitors, restraints the market growth during the forecast period.

The advanced web application firewall technologies are offering machine learning and artificial learning which plays crucial role web application firewall solution market. Cloud-based WAF solutions provide protection and safeguard the network, if users are off their Virtual Private Network (VPN). It also offers capabilities, such as bot detection and enforcement, access control, Application Program Interface (API) security, caching, threat intelligence, malware detection, and Distributed Denial of Service (DDoS) mitigation. Significant growth in the adoption of cloud computing technologies across vertical industries, drives the demand for web application firewall solution market during the forecast period.

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Report Description:

• The base year for the study has been considered 2018, historic year 2015, 2016, and 2017, the forecast period considered is from 2019 to 2026
• The study delivers a comprehensive analysis of global Web Application Firewall Solution market by sensor, component, solution, and application, and region
• The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2019 to 2026
• Porter’s Five Forces model is used in order to recognize the competitive scenario in the global Web Application Firewall Solution market. This report incorporates the industry analysis which is focused on providing an extensive view of the Web Application Firewall Solution market
• The study also includes attractiveness analysis of sensor, component, solution, and application, and region which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market
• The report provides company profile of the key players operating in the Web Application Firewall Solution market and a comparative analysis based on their business overviews, product offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
• The market estimates have been evaluated by considering the effect of different political, economic, social, technological and legal factors which are based on our extensive secondary research, primary research, and in-house databases.

Key questions answered in this report

• What will the market size be in 2026 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

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