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$5.48 billion web application firewall market dominated by North America

The Web Application Firewall (WAF) market is expected to grow at a Compound Annual Growth Rate (CAGR) of 18.3% during the forecast period, due to the rise in instances of targeted attacks on web applications.

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Cloud-based WAF solutions are available as software bundles with a full stack of threat prevention technologies that provide the best protection against vulnerabilities, such as malware, phishing, ransom is, and emerging cyber-threats. Cloud-based WAF solutions provide protection and safeguard the network even if users are of their Virtual Private Network (VPN).

They offer capabilities, such as bot detection and enforcement, access control, caching, threat intelligence, Application Programming Interface (API) security, malware detection, and Distributed Denial of Service (DDoS) mitigation.

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Browse complete report on Web Application Firewall (WAF) market spread across 150 pages, profiling 14 companies and supported with 68 tables and 37 figures
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In the process of determining and verifying the market size of several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people. The break-up of the profiles of the primary participants is as follows:

  1. By Company: Tier 1 – 30%, Tier 2 – 40%, and Tier 3 – 30%
  2. By Designation: C-Level – 72%, Director Level – 14%, and Others – 14%
  3. By Region: North America – 57%, Europe – 14%, and APAC – 29%

North America tops the globe in terms of the presence of security vendors and security breach incidents. Therefore, the WAF market is dominated by North America, which is considered to be the most advanced region with regard to cyber security technology adoption and infrastructure.

The world is becoming more connected and the IoT trend is gaining prominence. Awareness about the need to protect the network infrastructure is being identified as the most critical economic and security challenge in the region.

The growing concern to ensure the protection of financial and sensitive data has increased government intervention in the recent years.

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The APAC region is expected to witness a significant growth in WAF due to the increasing adoption of web and mobile applications for business operations in the APAC region. The APAC WAF market covers Australia, New Zealand, Japan, China, India, and Singapore.

Countries across this region have a large number of SMEs, which are using traditional defense mechanism. Therefore, advanced and sophisticated threats are hard to detect.

The report will help the market leaders/new entrants in the WAF market in the following ways:

  1. The overall WAF market revenue stream has been estimated based on the revenues generated by vendors, offering firewall solutions and services to IT operators, inclusive of consulting, support and maintenance, training and maintenance, and system integration services, offered by professional service providers, including Managed Service Providers (MSPs).
  2. The report provides the closest approximations of the revenue numbers for the overall market and the sub-segments. The market numbers are further split into regions.
  3. The report helps the stakeholders understand the pulse of the market and provides them with information on the key market drivers, restraints, challenges, and opportunities.
  4. The report will help the stakeholders understand the competitors and gain more insights to better their market position. The competitive landscape section includes the competitor ecosystem, new product developments, partnerships, and mergers and acquisitions.

 The cloud-based segment is expected to grow at the highest CAGR during the forecast period

Cloud-based WAF solutions are available as software bundles with a full stack of threat prevention technologies that provide the best protection against vulnerabilities, such as malware, phishing, ransom is, and emerging cyber-threats. Cloud-based WAF solutions provide protection and safeguard the network even if users are of their Virtual Private Network (VPN).

They offer capabilities, such as bot detection and enforcement, access control, caching, threat intelligence, Application Programming Interface (API) security, malware detection, and Distributed Denial of Service (DDoS) mitigation.

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