Product ID: SQMIG45E2229
Report ID:
SQMIG45E2229 |
Region:
Global |
Published Date: April, 2024
Pages:
197
|
Tables:
96 |
Figures:
76
Global Web Application FirewallMarket size was valued at USD 5.2 billion in 2022 and is poised to grow from USD 6.29 billion in 2023 to USD 28.65 billion by 2031, growing at a CAGR of 20.88% during the forecast period (2024-2031).
The global web application firewall market has experienced rapid growth in recent years mainly stemming from the rising frequency and complexity of cyber-attacks that led to increased demand for WAF products driving the market growth. The WAF market has grown due to organizations in different sectors adopting high-end safety systems targeting web attacks. Web application attacks have evolved constantly and that is why sophisticated WAF solutions exist, with such features as machine learning or even behavioural analytics.
Furthermore, there are rising numbers who adopt cloud-based WAF as the security demand grows towards dynamism and extensibility. There are several key market players such as impervas, akamai technology and F5 network that still innovate making the global web application firewall thrive. Despite these issues like complex web application settings and high-skilled cybersecurity professionals, this will limit market growth. With growing economies and digitized markets in the Asia-Pacific region, there are substantial future chances for the WAF market growth. In general, the world market relates to ensuring strong protection of web applications on the backdrop of rapid development of cyber-attacks.
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Product ID: SQMIG45E2229