(MENAFN- America News Hour) In a recent published report, Kenneth Research has updated the market report for Web Application Firewall Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Web Application Firewall Market products.
Kenneth Research recently added a report on 'On-demand Web Application Firewall Market' in its database of market research reports which provides its readers an in-depth analysis on the latest trends, growth opportunities and growth drivers that are associated with the growth of the market. The report additionally shares critical insights on the COVID-19 impacts on the On-demand Web Application Firewall Market along with the compound growth rate (CAGR) of the market for a projected period between 2021 2025. The report also includes analysis of the market by utilizing different analytical tools, such as PESTEL analysis and Porter's five forces analysis. These tools also provide an in-depth analysis on the micro and macro-environmental factors that are associated with the growth of the market during the forecast period.
The Global Web Application Firewall Market was valued at USD 2.21 billion in 2016 and is projected to reach USD 10.30 billion by 2025, growing at a CAGR of 18.65% from 2017 to 2025.
A web application firewall (WAF) filters, monitors, and blocks HTTP traffic to and from a web application. A WAF is differentiated from a regular firewall in that a WAF is able to filter the content of specific web applications while regular firewalls serve as a safety gate between servers. Benefits of web application firewall include – protection against zero-data exploits, automated temporary patches, and stops data leakage.
The Final Report will cover the impact analysis of COVID-19 on this industry:
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Sample Infographics:
Market Dynamics:
1. Market Drivers
1.1 Adoption of Machine Learning and AI-powered WAFS
1.2 Rise in the Adoption of Cloud-based and Virtual Appliance-based WAFS
1.3 Growing Demand for Web Applications
1.4 Increasing Threats of Cyber Theft, Espionage, Vandalism, and Fraud
1.5 Enhancement in the Technology and Increasing Involvement of IoT
2. Market Restraints
2.1 Rising Cost of Deployment for Appliance-based WAFS
2.2 Lack of Experienced Workforce
2.3 Competition with Traditional Firewall
2.4 Presence of Integrated UTM Solutions
Market Segmentation:
The Global Web Application Firewall Market is segmented on the organization size, component, vertical, and region.
1. By Organization Size:
1.1 Large Enterprises
1.2 Small and Medium Business
2. By Component:
2.1 Solution
2.1.1 Cloud-based
2.1.2 Virtual appliances
2.1.3 Hardware appliances
2.2 Service
2.2.1 Managed Services
2.2.2 Professional Service
3. By Vertical:
3.1 Government and Defense
3.2 Telecom and IT
3.3 Retail
3.4 Banking, Financial Services, and Insurance (BFSI)
3.5 Healthcare
3.6 Education
3.7 Others
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. Nsfocus
2. Fortinet
3. Ergon Informatik
4. Akamai
5. F5 Networks
6. Trustwave
7. Denyall
8. Radware
9. Cloudflare
10. Penta Security Systems
11. Imperva
12. Barracuda
13. Citrix
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Global Web Application Firewall Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
To know more about the research methodology of verified market research and other aspects of the research study, kindly get in touch with our sales team
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Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products' demand, growth and opportunities for new and existing players.
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Darlene Dooley
Darlene Dooley is a research expert and freelance writer. She is very dedicated towards her work and writing. She enjoys to write on current news on any industry and conclude the news with highly professional report. She has almost 8 years of experience in the same field. She has strong professional skill in Market research, Business Strategies, online marketing, Industry analysis interested in innovative and trending technologies.
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