Web Application Firewall Market size to grow by USD 6,895.11 million from 2022 to 2027, The growing number of cyber threats to boost market growth – Technavio

NEW YORK, June 16, 2023 /PRNewswire/ — The web application firewall market size is estimated to increase by USD 6,895.11 million from 2022 to 2027, with a CAGR of 18.76%, according to a recent market study by Technavio. This report also offers a 5-year historical (2017-2021) data projection of market size, segmentation, and region. Discover IT Consulting & Other Services industry potential and make informed business decisions based on qualitative and quantitative evidence highlighted in Technavio reports. View Sample Report!

The web application firewall market covers the following areas:

Web application firewall market – Vendor Landscape

The web application firewall market is fragmented and includes a substantial number of international players and a considerable number of small-scale players regionally. The vendors are deploying organic and inorganic growth strategies to compete in the market.

Vendor Offerings

• A10 Networks Inc. – The company provides computer networking products and security solutions such as controllers, firewalls, hardware appliances, protection systems, and other networking products.
• Akamai Technologies Inc. – The company offers web application firewall solutions for DDoS protection solutions.
• Barracuda Networks Inc. – The company offers web application firewall solutions such as Cloud Application Protection.

For the market’s vendor landscape highlights with a comprehensive list of vendors and their offerings – View Sample in a minutes

Key Market Segmentation

The web application firewall market research report extensively covers market segmentation by deployment (on-premise and cloud), and end-user (e-commerce, BFSI, government, and others)

• The market share growth in the on-premise segment will be significant during the forecast period. Large global enterprises use on-premises web application firewalls (WAFs) to achieve enhanced security control and ownership over their organizations’ data and systems. Government bodies across the world are also implementing various regulations across industries such as healthcare and BFSI to focus on data security. As a result, the changing regulations about customer data and the growing security concerns are projected to drive the demand for on-premises deployment in the market. This will stimulate the growth of the market in focus during the forecast period.

View Sample Report in minutes of this report for more highlights into the market segments.

Regional Market Outlook

The web application firewall market is segmented by geography into (North America, Europe, APAC, Middle East and Africa, and South America). The report provides actionable insights and estimates the contribution of all regions to the growth of the market.

• North America is estimated to contribute 33% to the growth of the global market during the forecast period. The increasing demand for cybersecurity solutions and the growing adoption of the Bring Your Device (BYOD) policy are key drivers contributing to the market’s growth in the region. The growing instances of cyberattacks and data thefts in enterprises are another significant factor driving the market’s growth in the region. In response to these threats, government bodies are implementing stringent data security and consumer privacy regulations to prevent such attacks in the future. Such factors will drive the regional market during the forecast period.

For more key highlights on the regional market share of most of the above-mentioned countries.- View Sample Report

Companies Mentioned

• A10 Networks Inc.
• Akamai Technologies Inc.
• Barracuda Networks Inc.
• Citrix Systems Inc.
• Cloudflare Inc.
• F5 Networks Inc.
• Fortinet Inc.
• Imperva Inc.
• International Business Machines Corp.
• Juniper Networks Inc.
• NSFOCUS Inc.
• Penta Security Systems Inc.
• Positive Technologies
• Qualys Inc.
• Radware Ltd.
• Sangfor Technologies Inc.
• Singapore Telecommunications Ltd.
• Sophos Ltd.
• UBIKA
• Venustech Group Inc.

What’s New? –

• Special coverage on the Russia–Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
• Global competitiveness and key competitor positions
• Market presence across multiple geographical footprints – Strong/Active/Niche/Trivial – Buy the report!

Web application firewall market – Market Dynamics

Major Driver

The growing number of cyber threats is notably driving market growth. The number of cyber thefts by hackers and cybercriminals is growing rapidly. There is a global increase in the number of incidents involving data leaks and stolen files by these hackers. For instance, in August 2020, approximately 9,000 government account credentials in Canada were compromised, and in March and April 2020, hackers exposed the login credentials of World Health Organization (WHO) staff members. Furthermore, in April 2020, around 500,000 passwords of Zoom users were stolen and offered for sale on the black market. Web application firewall solutions help enterprises to solve this threat. Therefore, such benefits will drive the global WAF market during the forecast period.

Significant Trends

The increasing adoption of the Bring Your Device (BYOD) market concept among enterprises is an emerging trend in the market. The gradual increase in the adoption of the Bring Your Own Device (BYOD) concept among enterprises is mainly driven by the convenience it offers employees in managing their personal and professional lives using a single device. However, this trend also highlights the importance of safeguarding against data loss and security breaches. This solution can monitor and enforce controls for protecting sensitive data. Therefore, such benefits are expected to propel the growth of the WAF market in focus during the forecast period.

Key Challenges

The threat from substitutes is a major challenge impeding market growth. The market is expected to face a significant threat from open-source web application firewall (WAF) solutions. These solutions can be downloaded and utilized across various platforms, and hey are gaining popularity, particularly in developing economies like India and China. Furthermore, Open-source solutions offer cost advantages as they require less capital investment, making them a cost-effective choice for organizations with limited resources and expertise. Hence, these factors like these will hamper the overall revenue generated in the global WAF market during the forecast period.

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Key Topics Covered:

1 Executive Summary

• 1.1 Market Overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Deployment
• Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global web application firewall market 2017 – 2021
• Exhibit 18: Historic Market Size – Data Table on Global web application firewall market 2017 – 2021 ($ million)

• 4.2 By Deployment model Segment Analysis 2017 – 2021
• Exhibit 19: Historic Market Size – By Deployment model Segment 2017 – 2021 ($ million)

• 4.3 By end-user Segment Analysis 2017 – 2021
• Exhibit 20: Historic Market Size – By end-user Segment 2017 – 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 – 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ million)

• 4.5 Country Segment Analysis 2017 – 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis – Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Deployment

• 6.1 Market segments 
• Exhibit 30: Chart on Deployment – Market share 2022-2027 (%)
• Exhibit 31: Data Table on Deployment – Market share 2022-2027 (%)

• 6.2 Comparison by Deployment 
• Exhibit 32: Chart on Comparison by Deployment
• Exhibit 33: Data Table on Comparison by Deployment

• 6.3 On-premise – Market size and forecast 2022-2027
• Exhibit 34: Chart on On-premise – Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on On-premise – Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on On-premise – Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on On-premise – Year-over-year growth 2022-2027 (%)

• 6.4 Cloud – Market size and forecast 2022-2027
• Exhibit 38: Chart on Cloud – Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Cloud – Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Cloud – Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Cloud – Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Deployment 
• Exhibit 42: Market opportunity by Deployment ($ million)

7 Market Segmentation by End-user

• 7.1 Market segments 
• Exhibit 43: Chart on End-user – Market share 2022-2027 (%)
• Exhibit 44: Data Table on End-user – Market share 2022-2027 (%)

• 7.2 Comparison by End-user 
• Exhibit 45: Chart on Comparison by End-user
• Exhibit 46: Data Table on Comparison by End-user

• 7.3 E-Commemrce – Market size and forecast 2022-2027
• Exhibit 47: Chart on E-Commemrce – Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Data Table on E-Commemrce – Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Chart on E-Commemrce – Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on E-Commemrce – Year-over-year growth 2022-2027 (%)

• 7.4 BFSI – Market size and forecast 2022-2027
• Exhibit 51: Chart on BFSI – Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on BFSI – Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on BFSI – Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on BFSI – Year-over-year growth 2022-2027 (%)

• 7.5 Government – Market size and forecast 2022-2027
• Exhibit 55: Chart on Government – Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Government – Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Government – Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Government – Year-over-year growth 2022-2027 (%)

• 7.6 Others – Market size and forecast 2022-2027
• Exhibit 59: Chart on Others – Market size and forecast 2022-2027 ($ million)
• Exhibit 60: Data Table on Others – Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Chart on Others – Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Others – Year-over-year growth 2022-2027 (%)

• 7.7 Market opportunity by End-user 
• Exhibit 63: Market opportunity by End-user ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 65: Chart on Market share by geography 2022-2027 (%)
• Exhibit 66: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 67: Chart on Geographic comparison
• Exhibit 68: Data Table on Geographic comparison

• 9.3 North America – Market size and forecast 2022-2027
• Exhibit 69: Chart on North America – Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Data Table on North America – Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Chart on North America – Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on North America – Year-over-year growth 2022-2027 (%)

• 9.4 Europe – Market size and forecast 2022-2027
• Exhibit 73: Chart on Europe – Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on Europe – Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on Europe – Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on Europe – Year-over-year growth 2022-2027 (%)

• 9.5 APAC – Market size and forecast 2022-2027
• Exhibit 77: Chart on APAC – Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on APAC – Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on APAC – Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on APAC – Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa – Market size and forecast 2022-2027 
• Exhibit 81: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)

• 9.7 South America – Market size and forecast 2022-2027
• Exhibit 85: Chart on South America – Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on South America – Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on South America – Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on South America – Year-over-year growth 2022-2027 (%)

• 9.8 US – Market size and forecast 2022-2027
• Exhibit 89: Chart on US – Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on US – Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on US – Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on US – Year-over-year growth 2022-2027 (%)

• 9.9 China – Market size and forecast 2022-2027
• Exhibit 93: Chart on China – Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on China – Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on China – Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on China – Year-over-year growth 2022-2027 (%)

• 9.10 Germany – Market size and forecast 2022-2027
• Exhibit 97: Chart on Germany – Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on Germany – Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on Germany – Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on Germany – Year-over-year growth 2022-2027 (%)

• 9.11 Canada – Market size and forecast 2022-2027
• Exhibit 101: Chart on Canada – Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on Canada – Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on Canada – Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on Canada – Year-over-year growth 2022-2027 (%)

• 9.12 UK – Market size and forecast 2022-2027
• Exhibit 105: Chart on UK – Market size and forecast 2022-2027 ($ million)
• Exhibit 106: Data Table on UK – Market size and forecast 2022-2027 ($ million)
• Exhibit 107: Chart on UK – Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on UK – Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 109: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 110: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 111: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 112: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 113: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 114: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 115: Matrix on vendor position and classification

• 12.3 A10 Networks Inc. 
• Exhibit 116: A10 Networks Inc. – Overview
• Exhibit 117: A10 Networks Inc. – Product / Service
• Exhibit 118: A10 Networks Inc. – Key offerings

• 12.4 Akamai Technologies Inc. 
• Exhibit 119: Akamai Technologies Inc. – Overview
• Exhibit 120: Akamai Technologies Inc. – Business segments
• Exhibit 121: Akamai Technologies Inc. – Key offerings
• Exhibit 122: Akamai Technologies Inc. – Segment focus

• 12.5 Barracuda Networks Inc. 
• Exhibit 123: Barracuda Networks Inc. – Overview
• Exhibit 124: Barracuda Networks Inc. – Product / Service
• Exhibit 125: Barracuda Networks Inc. – Key offerings

• 12.6 Citrix Systems Inc. 
• Exhibit 126: Citrix Systems Inc. – Overview
• Exhibit 127: Citrix Systems Inc. – Product / Service
• Exhibit 128: Citrix Systems Inc. – Key offerings

• 12.7 Cloudflare Inc. 
• Exhibit 129: Cloudflare Inc. – Overview
• Exhibit 130: Cloudflare Inc. – Product / Service
• Exhibit 131: Cloudflare Inc. – Key offerings

• 12.8 F5 Networks Inc. 
• Exhibit 132: F5 Networks Inc. – Overview
• Exhibit 133: F5 Networks Inc. – Product / Service
• Exhibit 134: F5 Networks Inc. – Key news
• Exhibit 135: F5 Networks Inc. – Key offerings

• 12.9 Fortinet Inc. 
• Exhibit 136: Fortinet Inc. – Overview
• Exhibit 137: Fortinet Inc. – Product / Service
• Exhibit 138: Fortinet Inc. – Key offerings

• 12.10 Imperva Inc. 
• Exhibit 139: Imperva Inc. – Overview
• Exhibit 140: Imperva Inc. – Product / Service
• Exhibit 141: Imperva Inc. – Key offerings

• 12.11 International Business Machines Corp.
• Exhibit 142: International Business Machines Corp. – Overview
• Exhibit 143: International Business Machines Corp. – Business segments
• Exhibit 144: International Business Machines Corp. – Key offerings
• Exhibit 145: International Business Machines Corp. – Segment focus

• 12.12 Juniper Networks Inc. 
• Exhibit 146: Juniper Networks Inc. – Overview
• Exhibit 147: Juniper Networks Inc. – Product / Service
• Exhibit 148: Juniper Networks Inc. – Key offerings

• 12.13 NSFOCUS Inc. 
• Exhibit 149: NSFOCUS Inc. – Overview
• Exhibit 150: NSFOCUS Inc. – Product / Service
• Exhibit 151: NSFOCUS Inc. – Key offerings

• 12.14 Penta Security Systems Inc. 
• Exhibit 152: Penta Security Systems Inc. – Overview
• Exhibit 153: Penta Security Systems Inc. – Product / Service
• Exhibit 154: Penta Security Systems Inc. – Key offerings

• 12.15 Positive Technologies 
• Exhibit 155: Positive Technologies – Overview
• Exhibit 156: Positive Technologies – Product / Service
• Exhibit 157: Positive Technologies – Key offerings

• 12.16 Qualys Inc. 
• Exhibit 158: Qualys Inc. – Overview
• Exhibit 159: Qualys Inc. – Product / Service
• Exhibit 160: Qualys Inc. – Key offerings

• 12.17 Radware Ltd. 
• Exhibit 161: Radware Ltd. – Overview
• Exhibit 162: Radware Ltd. – Product / Service
• Exhibit 163: Radware Ltd. – Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist
• Exhibit 164: Inclusions checklist
• Exhibit 165: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 166: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 167: Research methodology
• Exhibit 168: Validation techniques employed for market sizing
• Exhibit 169: Information sources

• 13.5 List of abbreviations 
• Exhibit 170: List of abbreviations

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