Global Web Application Firewall (WAF) and API Protection Market Size, Share & Forecast 2023

Web application firewall (WAF) protects business-critical web applications from attacks that target known and unknown vulnerabilities. Advanced ML-powered features improve security and reduce administrative overhead. Capabilities include anomaly detection, API discovery and protection, bot mitigation, and advanced threat analytics to identify the most critical threats across all protected applications.

The global Web Application Firewall (WAF) and API Protection market was valued at US$ million in 2022 and is anticipated to reach US$ million by 2029, witnessing a CAGR of % during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

The key global companies of Web Application Firewall (WAF) and API Protection include Google, Palo Alto Networks, Check Point, F5, Akamai, Fastly, Vmware, CDNetworks and Wallarm, etc. In 2022, the world's top three vendors accounted for approximately % of the revenue.

The Web Application Firewall (WAF) and API Protection market refers to the industry that provides solutions and services for securing web applications and APIs against various cyber threats. Web applications and APIs are critical components of modern digital infrastructure, and they are often targeted by hackers and malicious actors seeking to exploit vulnerabilities and gain unauthorized access to sensitive data.

A Web Application Firewall (WAF) is a security technology that sits between a web application or API and the client, monitoring and filtering incoming and outgoing traffic. It helps protect against common web application vulnerabilities such as cross-site scripting (XSS), SQL injection, and distributed denial-of-service (DDoS) attacks. A WAF analyzes the HTTP and HTTPS traffic and applies a set of predefined security rules to detect and block malicious activities.

API (Application Programming Interface) protection focuses on securing APIs, which are used to enable communication and interaction between different software applications. APIs often handle sensitive data and perform critical functions, making them attractive targets for cyber attacks. API protection solutions offer security features such as authentication, authorization, rate limiting, encryption, and threat detection to safeguard APIs from unauthorized access, data breaches, and other malicious activities.

The WAF and API protection market has been growing significantly due to the increasing number of cyber attacks targeting web applications and APIs, as well as the growing adoption of cloud-based and web-based applications. Factors such as the rising demand for enhanced application security, strict data protection regulations, and the need to protect against emerging threats have contributed to the market's expansion.

Key players in the WAF and API protection market offer a range of solutions and services, including on-premises and cloud-based WAFs, API security gateways, and managed security services. These companies focus on continuous innovation to keep up with evolving threats, provide comprehensive protection, and ensure compatibility with modern application architectures, such as microservices and containerized environments.

The market landscape for WAF and API protection is competitive, with both established security vendors and specialized providers offering solutions. It's important for organizations to assess their specific security requirements, consider factors such as scalability, ease of integration, and threat intelligence capabilities when selecting a WAF or API protection solution.

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Segment by Type
• API Security
• Bot Protection
• Others
• Web Application Protection (WAF)

Segment by Application
• Large Enterprises
• SMEs

KEY PLAYERS
• AWS
• Akamai
• Barracude
• CDNetworks
• Check Point
• Citrix
• Cloudflare
• F5
• Fastly
• Fortinet
• GOOGLE INC
• Imperva
• Indusface
• Microsoft
• Palo Alto Networks
• Radware
• Sucuri
• ThreatX
• VMware Inc
• Wallarm

BY REGION
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa

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