Web Application Firewall Market Trends, Size, Share, Growth, Industry Analysis, Advanced Technology and Forecast 2027

“Imperva (US), Akamai (US), Barracuda (US), Citrix (US), Cloudflare (US), Rohde & Schwarz (Germany), Ergon Informatik (Switzerland), F5 Networks (US), Fortinet (US), and Radware (Israel).

Web Application Firewall Market by Component (Solutions (Hardware Appliances, Virtual Appliances, Cloud-Based) and Services (Professional and Managed)), Organization Size (SMB and Large Enterprise), Vertical and Region – global predictions to 2027

The global Web Application Firewall Market size is estimated at USD 5.8 Billion in 2022 and is projected to reach USD 13.8 Billion by 2027, growing at a CAGR of 18.9% during the forecast period. forecast. Rising instances of web attacks, such as cyber theft, espionage, vandalism, and fraud are one of the major factors driving the growth of the market.

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By component, the solution segment will hold a larger market size during the forecast period

The solution segment is estimated to account for a larger market share among components. WAF solutions provide various features such as web application attack protection, deployment option, protocol validation, virtual remediation, active and passive authentication, URL rewriting, content routing , cookie signing and encryption, DDoS prevention, data leak prevention, and web and application server signing. Security. The solutions segment is further classified into hardware appliances, virtual appliances and cloud-based.

Report scope

Report Metrics

Details

Market size available for years

2018-2027

Base year considered

2021

Forecast period

2022-2027

Forecast units

Value (million USD/billion)

Segments Covered

By Component, Organization Size, Vertical, and Region

Regions covered

North America, Europe, Asia-Pacific, Middle East and Africa and Latin America

Companies covered

Top vendors include Imperva (US), Akamai (US), Barracuda (US), Citrix (US) and Cloudflare (US) (32 companies in total)

By Professional Services, the training and education sub-segment is expected to grow at the highest CAGR over the forecast period

The training and education segment is expected to experience the highest CAGR growth over the forecast period. Training and education services aim to provide comprehensive training sessions related to the identification and remediation of critical network infrastructure vulnerabilities. They help guide security team members and developers to understand key findings and the impact of vulnerabilities.

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Major market players dominating the WAF market are Imperva (US), Akamai (US), Barracuda (US), Citrix (US), Cloudflare (US), Rohde & Schwarz ( Germany), Ergon Informatik (Switzerland), F5 Networks (USA), Fortinet (USA) and Radware (Israel). These players have adopted various strategies such as new product launches and enhancements, partnerships, collaborations, and acquisitions to expand in the WAF market.

Imperva is a global provider of cybersecurity solutions and services that protect business-critical websites, applications and databases. The company specializes in distributed denial of service (DDoS) protection, application security, database security, file security, cloud security, breach prevention and cybersecurity platforms. Imperva’s product line offers cloud-based website security, DDoS protection, and performance solutions that don’t require software or hardware changes. It offers a cloud-based WAF, Imperva WAF, which provides enterprise-class protection against the most sophisticated security threats. It is a key component of a complete web application and API (WAAP) protection stack that secures from the edge to the database. In May 2021, Imperva acquired CloudVector, a leader in advanced API security. The acquisition would enhance Imperva’s API security to discover, monitor and protect all API traffic in any environment against exploits and breaches.

Akamai is a global CDN (Content Delivery Network) service provider. The Company offers a cloud delivery platform to optimize and secure content and business applications over the Internet in the United States and other operating regions around the world. It provides a suite of security, compute, and delivery solutions that protect customers during online activities, such as online shopping, online gaming, idea sharing, and money management. The company offers a wide range of cloud delivery products and services, including advanced web performance solutions, mobile performance solutions, cloud security solutions, network operator solutions, cloud networking solutions and multimedia streaming solutions. In May 2022, Akamai partnered with the Australian and New Zealand division of Fujitsu to help organizations defend against the threat of ransomware and cybersecurity attacks.

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