Fortifying the Web: Secure Web Gateway Innovations

The Business Research Company recently released a comprehensive report on the Global Secure Web Gateway Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The secure web gateway market size has grown exponentially in recent years. It will grow from $10.73 billion in 2023 to $13.06 billion in 2024 at a compound annual growth rate (CAGR) of 21.7%. The growth in the historic period can be attributed to cyber threat landscape, rise of remote work, advancements in threat detection, cloud adoption, byod trends.

The secure web gateway market size is expected to see exponential growth in the next few years. It will grow to $28.52 billion in 2028 at a compound annual growth rate (CAGR) of 21.6%. The growth in the forecast period can be attributed to threat intelligence integration, integration with endpoint security, mobile device security, application control requirements, user authentication and identity management. Major trends in the forecast period include zero trust architecture, ai-powered security, iot security concerns, user-centric security, encryption inspection, api security.

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Market Drivers and Trends:

The increasing demand in the retail and e-commerce industry is expected to propel the growth of the secure web gateway market going forward. The retail industry refers to the sector of the economy involved in the sale of goods and services to end consumers. The e-commerce industry, short for electronic commerce, refers to the buying and selling of goods and services over the Internet. Incorporating a secure web gateway in the retail and e-commerce industry offers protection against a wide range of cyber threats, data loss prevention, secure online transactions, leverage threat intelligence to identify, and offer guest Wi-Fi services. For instance, in July 2023, according to the Office for National Statistics (ONS), a UK-based government department, retail sales are projected to have increased by 0.7% in June 2023. Furthermore, in August 2023, according to the United States Census Bureau, a US-based government agency, when compared to the second quarter of 2022, the estimate for e-commerce in the second quarter of 2023 increased by 7.5% (or 1.4%), while overall retail sales increased by 0.6% (or 0.4%). Therefore, the increasing demand in the retail and e-commerce industry is driving the growth of the secure web gateway market.

Product innovations have emerged as the key trend gaining popularity in the secure web gateway market. Major companies operating in the secure web gateway market are developing technologically advanced solutions to strengthen their position in the market. For instance, in February 2022, Perimeter 81 Ltd., an Israel-based network and cloud security company, updated its Security Services Edge (SSE) offering with a Secure Web Gateway component. The secure web gateway (SWG) extends the firm's trademark ease of use to Web filtering and ensures that company personnel is secure from harmful websites and unsafe content regardless of where they are, without adding complexity or any additional cybersecurity solutions. The addition of secure web gateway capability to the company's cybersecurity experience (CSX) platform represents a significant advancement in the delivery of an enterprise-grade secured corporate network over the public internet.

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Major Key Players of the Market:

NortonLifeLock Inc., Cisco Systems Inc., A10 Networks Inc., Forcepoint, Comodo Group Inc., Netskope Inc., Sangfor Technologies Inc., Content Keeper Technologies, F5 Networks Inc., Zscaler Inc., Check Point Software Technologies Ltd., Sophos Group PLC, Trend Micro Incorporated, McAfee LLC, Cyren Ltd., Cato Networks, Menlo Security Inc., Citrix Systems Inc., Microsoft Corporation, Broadcom Inc., International Business Machines Corporation, Fortinet Inc., Symantec Corporation, Barracuda Networks Inc., FireEye Inc., Wavecrest, Trustwave Holdings Inc., Akamai Technologies Inc., TitanHQ, Webroot Inc.

Secure Web Gateway Market 2024 Key Insights:

• The secure web gateway market size is expected to see exponential growth in the next few years. It will grow to $28.52 billion in 2028 at a compound annual growth rate (CAGR) of 21.6%.
• Escalating Sophistication In Cyberattacks Fuels Growth Of The Secure Web Gateway Market
• Perimeter 81 Advances Cybersecurity With Innovative Secure Web Gateway Component In Sse Offering
• North America was the largest region in the secure web gateway market in 2023

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This release was published on openPR.