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Web application firewall market size to grow at 18.76% by 2027; The growing number of cyber threats to boost market - Technavio
[February 17, 2023]

Web application firewall market size to grow at 18.76% by 2027; The growing number of cyber threats to boost market - Technavio


NEW YORK, Feb. 17, 2023 /PRNewswire/ -- According to Technavio, the global web application firewall market size is estimated to grow by USD 6895.11 million from 2022 to 2027. The market is estimated to grow at a CAGR of 18.76% during the forecast period. The report includes historic market data from 2017 to 2021. In 2017, the market was valued at USD 2,225.94 million. North America will account for 33% of the market growth during the forecast period. For more Insights on market size Request a sample report

Web application firewall market - Five Forces
The global cloud data warehouse market is fragmented, and the five forces analysis covers– 

  • Bargaining Power of Buyers 
  • The threat of New Entrants
  • Threat of Rivalry
  • Bargaining Power of Suppliers
  • Threat of Substitutes
  • Interpretation of porter's five models helps to strategize the business, for entire details – buy the report!

Web application firewall market – Customer Landscape 

The report includes the market's adoption lifecycle, from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Web application firewall market - Segmentation Assessment

Segment Overview
Technavio has segmented the market based on Deployment (On-premise and Cloud), End-user (E-Commemrce, BFSI, Government, and Others), and Geography (North America, Europe, APAC, Middle East and Africa, and South America). 

  • The market growth in the on-premise segment will be significant during the forecast period. On-premise solutions offer enterprises complete control over the functioning of application software. Also, in the on-premises deployment model, resources are accessed only through the dedicated network, whereas in the cloud-based deployment model, resources are accessed by multiple users, which makes it more vulnerable to security breaches. Such benefits are increasing the deployment of on-premise solutions among end-users in the market.

Geography Overview
By geography, the global web application firewall market is segmented 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 global web application firewall market.

  • North America will account for 33% of the market growth during the forecast period. Factors such as the increasing demand for cybersecurity solutions and the rising adoption of the BYOD policy are driving the growth of the web application firewall market in North America.

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Web application firewall market – Market Dynamics

Key factor driving market growth

  • The market is driven by the growing number of cyber threats.
  • The number of cyber threats is increasing at an alarming rate globally.
  • For instance, in August 2020, the usernames and passwords of about 9,000 government accounts in Canada were stolen.
  • Similarly, in April 2020, about 500,000 passwords of Zoom users, a virtual meeting app, were stolen and made available for sale in the black market.
  • Many such instances are compelling organizations across the world to invest in web application firewall solutions, which is driving the growth of the market.

Leading trends influencing the market 

  • The increasing adoption of the BYOD concept among enterprises is the key trend in the market.
  • Many companies are adopting BYOD policies to provide ease and convenience to their employees.
  • The adoption of BYOD policy is increasing the risk of data loss as the lack of security in mobile devices makes it easy for hackers to gain unauthorized access to corporate networks.
  • With many companies adopting BYOD policies, the demand for web application firewall solutions will increase during the forecast period.

Major challenges hindering market growth

  • The threat from substitutes is a major challenge in the market.
  • The market has several open-source web application firewall solutions that can be downloaded and run on all platforms.
  • These solutions are becoming increasingly popular in developing economies such as India and China.
  • Most SMEs that cannot afford to invest in expensive on-premises and cloud-based application security solutions look for open-source application firewall solutions.
  • This will reduce the growth potential in the market.

Driver, trend, and challenges are the factor of market dynamics that state about consequences & sustainability of the businesses, find some insights from a sample report!

What are the key data covered in this web application firewall market report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the web application firewall market between 2023 and 2027
  • Precise estimation of the size of the web application firewall market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the web application firewall market industry across North America, Europe, APAC, Middle East and Africa, and South America
  • A thorough analysis of the market's competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of web application firewall market vendors

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  • The information security products and services market is estimated to grow at a CAGR of 17.36% between 2022 and 2027. The size of the market is forecasted to increase by USD 242.25 billion. The increase in the number of smart connected devices is notably driving the market growth, although factors such as system integration and interoperability issues may impede the market growth.
  • The financial service application market is estimated to grow at a CAGR of 7.85% between 2022 and 2027. The size of the market is forecast to increase by USD 54.72 billion. The increasing government initiatives to digitalize the financial sector are notably driving the market growth, although factors such as privacy and security concerns may impede the market growth.




Web Application Firewall Market Scope

Report Coverage

Details

Page number

162

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 18.76%

Market growth 2023-2027

USD 6895.11 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

18.34

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

North America at 33%

Key countries

US, Canada, China, Germany, and UK

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

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, and Venustech Group Inc.

Market dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.


Table of contents:

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

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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