Global Web Application Firewall Market Report and Forecast 2024-2032

Global Web Application Firewall Market Report and Forecast 2024-2032

Global Web Application Firewall Market Report and Forecast 2024-2032

Market Outlook

According to the report by Expert Market Research (EMR), the global web application firewall market reached a value of nearly USD 5.76 billion in 2023. Aided by the rising prevalence of cyberattacks and the rising requirement for compliance with stringent policies, the market is projected to grow at a CAGR of 16.7% between 2024 and 2032, reaching a value of USD 23.23 billion by 2032.

A Web Application Firewall (WAF) is a security solution designed to protect web applications by monitoring, filtering, and blocking potentially harmful HTTP/S traffic to and from a web application. It operates between the web application and the Internet, acting as a protective barrier that examines incoming traffic to identify and block malicious requests before they reach the server hosting the web application. WAFs are designed to protect against various web application security threats and vulnerabilities, including but not limited to SQL injection, cross-site scripting (XSS), file inclusion, and security misconfigurations.

Cybercriminals are constantly devising new methods to exploit vulnerabilities within web applications, ranging from data breaches to DDoS attacks. These attacks not only disrupt services but also compromise sensitive data, leading to significant financial and reputational damage for organizations. WAFs mitigate these risks by providing a protective barrier that filters out malicious traffic and prevents unauthorised access to web applications. By continuously updating their threat databases and employing advanced detection algorithms, WAFs can adapt to new threats, ensuring robust protection against a dynamic cyber threat landscape. This is aiding the web application firewall market expansion.

The global implementation of stringent data protection regulations has accentuated the necessity for robust cybersecurity measures within organisations. Mandates such as the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA) require organisations to implement comprehensive data protection strategies, including safeguarding personal data against cyber threats, propelling the web application firewall market growth.

WAFs support compliance efforts by offering functionalities like data leakage prevention, access control, and activity monitoring, crucial for the protection of web applications and the assurance of data privacy. By integrating WAFs, organisations can affirm their commitment to data protection, thus adhering to regulatory mandates and protecting their reputation.

As organisations navigate through digital transformation, incorporating technology across all facets of their operations, the imperative for cybersecurity intensifies. Digital transformation endeavours typically involve the adoption of cloud services, mobile applications, and online platforms, thereby broadening the potential attack vectors for cybercriminals. WAFs are essential in fortifying these digital initiatives, providing defence against assaults targeting web applications. By securing online transactions, customer data, and core business applications, WAFs empower organisations to confidently advance their digital transformation objectives without compromising security. This is one of the key web application firewall market trends.

The transition towards cloud computing has transformed the approach organisations take in deploying and managing their IT infrastructure, including cybersecurity measures. Cloud-based WAFs present multiple advantages over traditional on-premises solutions, such as scalability, cost-efficiency, and straightforward deployment. These solutions can be swiftly implemented to shield any web application, irrespective of its hosting environment, granting organisations enhanced flexibility and agility in their cybersecurity stance.

Furthermore, cloud-based WAFs benefit from ongoing updates and threat intelligence provided by the cloud service provider, ensuring protection that is current with emerging threats. This shift towards cloud-based solutions represents a significant growth driver in the web application firewall market, attracting organisations of varying sizes in search of effective and efficient web application security solutions.

Market Segmentation

The global web application firewall market can be divided based on component, deployment mode, organisation size, end use, and region.

Market Breakup by Component

• Solution
• Services

Market Breakup by Deployment Mode

• On-Premises
• Cloud

Market Breakup by Organisation Size

• Small and Medium Enterprises
• Large Enterprises

Market Breakup by End-Use

• BFSI
• IT and Telecom
• Government and Public Sector
• Healthcare
• Education
• Retail
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global web application firewall market. Some of the major players explored in the report by Expert Market Research are as follows:

• Amazon.com, Inc.
• Cloudflare, Inc.
• Barracuda Networks, Inc.
• Qualys, Inc.
• Imperva Inc.
• Fortinet Inc.
• Radware Ltd.
• F5, Inc.
• Akamai Technologies, Inc.
• Sectigo Limited (Sitelock, LLC)
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.