Web Application Firewall Market Size Inclinations And Development Status Highlighted During Forecast Period

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Summary

The web application firewall market was valued at USD 3.23 billion and is expected to reach USD 8.06 billion, at a CAGR of 16.92% during the forecast period.

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Market Overview

The web application firewall market was valued at USD 3.23 billion and is expected to reach USD 8.06 billion, at a CAGR of 16.92% during the forecast period. The current trend is to merge the ability of network vulnerability scanners with the toolkits for the web application security space. This gives the ability to use data found from one level and drive a more focused approach for the other level.

  • Web-based applications and services have changed the landscape of information delivery and exchange in today’s corporate, government, and educational sectors. Due to the easy availability of information and the richness of web services, a higher reliance is placed on web-based services and firewall market for greater integration of internal information systems.

Scope of the Report

Web application firewall is an application firewall for HTTP applications. Web applications are valuable tools for businesses of all sizes. A WAF can be either network-based, host-based, or cloud-based and is often deployed through a reverse proxy and placed in front of one or more web sites or applications. These applications enable businesses to communicate with customers, potential customers, employees, partners, and other information technology (IT) systems. E-commerce witnesses a mix of attempts designed to cause downtime and access internal files, which WAF helps them to secure.

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Healthcare Sector to Witness Significant Growth

  • Firewalls are the first line of defense for every healthcare network and protect EHRs (Electronic Health Record) and protected health information (PHI) from malware and other cyber attacks.
  • Healthcare organizations have more than just computers and smartphones accessing the network. Connected medical devices are Wi-Fi enabled and usage of the network to collect patient data and monitor health. While hackers may not get the information they are looking for directly from connected medical devices, they can use these devices by means of remote network access as a means to freely access the entire network. Medical devices are often overlooked as a cyber security vector because they may lack traditional interfaces associated with accessing the network.

North America Holds the Largest Share in Web Application Firewall Market

  • Due to the security breach incidents and the presence of cyber security vendors, North America is considered the most advanced region for technology adoption and infrastructure. Awareness about the threats is a critical economic and security challenge in the region. The growing concern to ensure the protection of sensitive data has increased corresponding government intervention in recent years.