web application firewall market size was valued at $3.9 billion in 2020 and is projected to reach $25.6 billion by 2030, growing at a CAGR of 20.88% from 2021 to 2030| Valuates Reports.

Web application firewall

Web application firewall (WAF) is a type of firewall designed to enhance the security level for HTTP conversations or web conversations. It generally follows a set of rules to identify and block threats that may harm the system. It is also used to control and monitor network traffic on web-enabled applications. This firewall establishes a relatively secure barrier between the system and external environment. It provides web protection at the application layer of the open system interconnection model from many attacks, 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.

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Growth in dependency on the internet, rise of e-commerce, and increase in security investments by end-use industries drive the global web application firewall market. However, high cost of deployment & implementation restricts the market growth. Increase in demand for cloud-based WAF solutions presents a major opportunity for the market expansion.

The global web application firewall market is segmented on the basis of deployment, organization size, end-use industry, and region. Depending on deployment, the market is divided into cloud and on-premise. On the basis of organization size, the market is divided into large enterprises and small & medium enterprises. On the basis of end-user industry, the market is divided into aerospace and defense, BFSI, public sector, retail, healthcare, IT & telecom, energy & utilities, manufacturing, and others. On the basis of region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key players that operate in the web application firewall market include Akamai Technologies, Inc., Barracuda Networks, Inc., Citrix Systems, Inc., F5 Networks, Inc., Imperva, Inc., Fortinet, Inc., Applicure Technologies Ltd., Qualys, Inc., Cloudflare, Inc., and Radware Ltd.

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KEY BENEFITS FOR STAKEHOLDERS

• This study includes the web application firewall market analysis, trends, and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and web application firewall market opportunity.
• The web application firewall size is quantitatively analyzed from 2021 to 2030 to highlight the financial competency of the industry.
• The Porter's five forces analysis illustrates the potency of buyers & suppliers in web application firewall industry.

Web Application Firewall Market Segmentation

By Deployment Model

• On-Premise
• Cloud

By Component

• Solution
• Services

By Organization Size

• Large Enterprises
• Small and Medium Enterprises

By End User

• BFSI
• Healthcare
• IT and Telecom
• Manufacturing
• Government and Public Sector
• Retail and E-Commerce
• Others

By Region

• North America
• Europe
• Asia-Pacific
• LAMEA

Key Market Players

• Applicure Technologies Ltd.
• Qualys, Inc.
• Akamai Technologies, Inc.
• Barracuda Networks, Inc.
• Citrix Systems, Inc.
• F5 Networks, Inc.
• Imperva, Inc.
• Fortinet, Inc.
• Cloudflare, Inc.
• Radware Ltd

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