HOME Top Market Reports Web Application Firewall Market by Solution (Hardware Appliances, Virtual Appliances, Cloud-Based), Service (Professional and Managed), Organization Size (SMEs and Large Enterprises), Industry Vertical, and Region - Global Forecast to 2022

Web Application Firewall Market by Solution (Hardware Appliances, Virtual Appliances, Cloud-Based), Service (Professional and Managed), Organization Size (SMEs and Large Enterprises), Industry Vertical, and Region - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: October 2017
Report Code: TC 5621

 

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The Web Application Firewall (WAF) market size is expected to grow from USD 2.09 Billion in 2016 to USD 5.48 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 18.3% during the forecast period. The base year considered for the study is 2016 and the forecast period is from 2017 to 2022.

Objectives of the Study

The main objective of the report is to define, describe, and forecast the web application firewall market size on the basis of components (solutions and services), organization sizes, industry verticals, and regions. The report provides detailed information on the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market. The report attempts to forecast the market size with respect to the 5 main regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. The report strategically profiles the key market players and comprehensively analyzes their core competencies. It also tracks and analyzes the competitive developments, such as joint ventures, mergers and acquisitions, and new product developments, in the WAF market.

The research methodology used to estimate and forecast the web application firewall market size began with the collection and analysis of data on the key vendor revenues through secondary sources, including the annual reports and press releases, investor presentations, conferences and associations (International Multitopic Conference (INMIC), RSA Conference 2017, International Computer Security Association, and National Computer Security Association (NCSA)), technology journals, certified publications, and articles from recognized authors, directories, and databases. The vendor offerings were also taken into consideration to determine the market segmentations. The bottom-up procedure was employed to arrive at the overall market size of the WAF market from the revenue of the key players and their market shares. The WAF market spending across all the regions, along with the geographical split in various industry verticals, was considered to arrive at the overall market size. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key people, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments. The breakdown of the profiles of the primary participants is depicted in the below figure:

Web Application Firewall Market

To know about the assumptions considered for the study, download the pdf brochure

The web application firewall market includes various vendors providing WAF solutions, inclusive of hardware appliances, virtual appliances, and cloud-based firewall, to commercial clients across the globe. Companies such as Imperva, Akamai Technologies, Barracuda Networks, Citrix Systems, Cloudflare, DenyAll, Ergon Informatik, F5 Networks, Fortinet, Penta Security Systems, Radware, Trustwave and NSFOCUS have adopted partnerships, agreements, and collaborations as the key strategies to enhance their market reach.

Key Target Audience

  • Web application providers
  • Communication service providers
  • Cloud service providers
  • System integrators
  • Third-party software testing service providers
  • Managed Security Service Providers (MSSPs)
  • Application design and software developers
  • Consultancy firms and advisory firms
  • Regulatory agencies
  • Technology consultants
  • Government

The study answers several questions for the stakeholders, primarily, which market segments to focus on in the next 2 to 5 years for prioritizing efforts and investments.

Scope of the Report

The research report segments the WAF market into the following submarkets:

By Component:

  • Solutions
  • Services

By Solution:

  • Hardware appliances
  • Virtual appliances
  • Cloud-based

By Service:

  • Professional services
  • Managed services

By Professional Service:

  • Consulting
  • Support and maintenance
  • Training and education
  • System integration

By Organization Size:

  • Small and Medium-sized Enterprises (SMEs)
  • Large enterprises

By Industry Vertical:

  • Banking, Financial Services, and Insurance (BFSI)
  • Retail
  • IT and telecommunications
  • Government and defense
  • Healthcare
  • Energy and utilities
  • Education
  • Others (media and entertainment, transport and logistics, and manufacturing)

By Region:

  • North America
  • Europe
  • APAC
  • MEA
  • Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Geographic Analysis

  • Further breakdown of the US and Canada market into solutions, services, organization sizes, and industry verticals.
  • Further breakdown of the UK, Germany, and France market into solutions, services, organization sizes, and industry verticals.

Company Information

  • Detailed analysis and profiling of additional market players

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
    1.4 Years Considered for the Study
    1.5 Currency
    1.6 Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Breakdown of Primary Interviews
                    2.1.2.2 Key Industry Insights
    2.2 Market Size Estimation
    2.3 Microquadrant Research Methodology
           2.3.1 Vendor Inclusion Criteria
    2.4 Research Assumptions and Limitations
           2.4.1 Research Assumptions
           2.4.2 Limitations

3 Executive Summary (Page No. - 24)

4 Premium Insights (Page No. - 27)
    4.1 Attractive Market Opportunities in the Web Application Firewall Market
    4.2 Web Application Firewall Market, By Component, 2017–2022
    4.3 Market, By Region, 2017–2022
    4.4 Market, By Solution, 2017–2022
    4.5 Market, By Service, 2017–2022
    4.6 Market, By Organization Size, 2017–2022
    4.7 Market, By Industry Vertical, 2017–2022
    4.8 Lifecycle Analysis, By Region

5 Market Overview and Industry Trends (Page No. - 32)
    5.1 Web Application Firewall Solution Classification, By Hardware
           5.1.1 Imperva
           5.1.2 Fortinet
           5.1.3 F5 Networks
           5.1.4 Citrix
           5.1.5 Barracuda
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Importance of Web Applications
                    5.2.1.2 Rising Instances of Web Attacks, Such as Cyber Theft, Espionage, Vandalism, and Fraud
                    5.2.1.3 Government Regulations and Need for Compliance Drive the Adoption of Waf Solutions
                    5.2.1.4 Technological Proliferation and Increasing Penetration of IoT
           5.2.2 Restraints
                    5.2.2.1 High Cost of Deployment for Appliance-Based WAFS
                    5.2.2.2 Competition With Integrated Utm Solutions
           5.2.3 Opportunities
                    5.2.3.1 Increasing Adoption of Cloud- and Virtual Appliance-Based WAFS
                    5.2.3.2 Introduction of Machine Learning/AI-Powered WAFS
                    5.2.3.3 Penetration in Smes
           5.2.4 Challenges
                    5.2.4.1 Lack of Technical Expertise
                    5.2.4.2 Presence of Traditional Firewalls
    5.3 Regulatory Implications
           5.3.1 Payment Card Industry Data Security Standard (PCI–DSS)
           5.3.2 Health Insurance Portability and Accountability Act (HIPAA)
           5.3.3 Federal Information Security Management Act (FISMA)
           5.3.4 Gramm-Leach-Bliley Act (GLBA)
           5.3.5 Sarbanes-Oxley Act (SOX)
           5.3.6 The International Organization for Standardization (ISO) Standard 27001
           5.3.7 European Union General Data Protection Regulation (EU GDPR)
    5.4 Innovation Spotlight

6 Web Application Firewall Market Analysis, By Component (Page No. - 44)
    6.1 Introduction
    6.2 Solutions
    6.3 Services

7 Web Application Firewall Market Analysis, By Solution (Page No. - 48)
    7.1 Introduction
    7.2 Hardware Appliances
    7.3 Virtual Appliances
    7.4 Cloud-Based

8 Web Application Firewall Market Analysis, By Service (Page No. - 53)
    8.1 Introduction
    8.2 Professional Services
           8.2.1 Consulting
           8.2.2 Support and Maintenance
           8.2.3 Training and Education
           8.2.4 System Integration
    8.3 Managed Services

9 Web Application Firewall Market Analysis, By Organization Size (Page No. - 62)
    9.1 Introduction
    9.2 Small and Medium-Sized Enterprises
    9.3 Large Enterprises

10 Web Application Firewall Market Analysis, By Industry Vertical (Page No. - 66)
     10.1 Introduction
     10.2 Banking, Financial Services, and Insurance
     10.3 Retail
     10.4 IT and Telecommunications
     10.5 Government and Defense
     10.6 Healthcare
     10.7 Energy and Utilities
     10.8 Education
     10.9 Others

11 Geographic Analysis (Page No. - 76)
     11.1 Introduction
     11.2 North America
     11.3 Europe
     11.4 Asia Pacific
     11.5 Middle East and Africa
     11.6 Latin America

12 Company Profiles (Page No. - 97)
     12.1 Imperva
(Overview, Strength of Product Portfolio, Business Strategy Excellence, and Recent Developments)*
     12.2 Akamai
     12.3 Barracuda
     12.4 Citrix
     12.5 Cloudflare
     12.6 Denyall
     12.7 Ergon Informatik
     12.8 F5 Networks
     12.9 Fortinet
     12.10 Penta Security Systems
     12.11 Radware
     12.12 Trustwave
     12.13 Nsfocus
*Details on Overview, Strength of Product Portfolio, Business Strategy Excellence, and Recent Developments Might Not Be Captured in Case of Unlisted Companies.
     12.14 Key Innovators
             12.14.1 Sophos
             12.14.2 Positive Technologies
             12.14.3 Stackpath
             12.14.4 Zenedge
             12.14.5 Qualys

13 Appendix (Page No. - 143)
     13.1 Discussion Guide
     13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.3 Introducing RT: Real-Time Market Intelligence
     13.4 Available Customizations
     13.5 Related Reports
     13.6 Author Details


List of Tables (68 Tables)

Table 1 United States Dollar Exchange Rate, 2014–2016
Table 2 Evaluation Criteria
Table 3 Innovation Spotlight: Latest Web Application Firewall Innovations
Table 4 Web Application Firewall Market Size, By Component, 2015–2022 (USD Million)
Table 5 Solutions: Market Size, By Type, 2015–2022 (USD Million)
Table 6 Services: Market Size, By Type, 2015–2022 (USD Million)
Table 7 Solutions: Market Size, By Type, 2015–2022 (USD Million)
Table 8 Solutions: Size, By Region, 2015–2022 (USD Million)
Table 9 Hardware Appliances: Market Size, By Region, 2015–2022 (USD Million)
Table 10 Virtual Appliances: Market Size, By Region, 2015–2022 (USD Million)
Table 11 Cloud-Based: Market Size, By Region, 2015–2022 (USD Million)
Table 12 Services: Market Size, By Type, 2015–2022 (USD Million)
Table 13 Services: Market Size, By Region, 2015–2022 (USD Million)
Table 14 Professional Services: Market Size, By Region, 2015–2022 (USD Million)
Table 15 Professional Services: Market Size, By Type, 2015–2022 (USD Million)
Table 16 Consulting Market Size, By Region, 2015–2022 (USD Million)
Table 17 Support and Maintenance Market Size, By Region, 2015–2022 (USD Million)
Table 18 Training and Education Market Size, By Region, 2015–2022 (USD Million)
Table 19 System Integration Market Size, By Region, 2015–2022 (USD Million)
Table 20 Managed Services: Market Size, By Region, 2015–2022 (USD Million)
Table 21 Web Application Firewall Market Size, By Organization Size, 2015–2022 (USD Million)
Table 22 Small and Medium-Sized Enterprises: Market Size, By Region, 2015–2022 (USD Million)
Table 23 Large Enterprises: Market Size, By Region, 2015–2022 (USD Million)
Table 24 Web Application Firewall Market Size, By Industry Vertical, 2015–2022 (USD Million)
Table 25 Banking, Financial Services, and Insurance: Market Size, By Region, 2015–2022 (USD Million)
Table 26 Retail: Market Size, By Region, 2015–2022 (USD Million)
Table 27 IT and Telecommunications: Market Size, By Region, 2015–2022 (USD Million)
Table 28 Government and Defense: Market Size, By Region, 2015–2022 (USD Million)
Table 29 Healthcare: Market Size, By Region, 2015–2022 (USD Million)
Table 30 Energy and Utilities: Market Size, By Region, 2015–2022 (USD Million)
Table 31 Education: Market Size, By Region, 2015–2022 (USD Million)
Table 32 Others: Market Size, By Region, 2015–2022 (USD Million)
Table 33 Web Application Firewall Market Size, By Region, 2015–2022 (USD Million)
Table 34 North America: Market Size, By Component, 2015–2022 (USD Million)
Table 35 North America: Market Size, By Solution, 2015–2022 (USD Million)
Table 36 North America: Market Size, By Service, 2015–2022 (USD Million)
Table 37 North America: Market Size, By Professional Service, 2015–2022 (USD Million)
Table 38 North America: Market Size, By Organization Size, 2015–2022 (USD Million)
Table 39 North America: Market Size, By Industry Vertical, 2015–2022 (USD Million)
Table 40 North America: Market Size, By Country, 2015–2022 (USD Million)
Table 41 Europe: Web Application Firewall Market Size, By Component, 2015–2022 (USD Million)
Table 42 Europe: Market Size, By Solution, 2015–2022 (USD Million)
Table 43 Europe: Market Size, By Service, 2015–2022 (USD Million)
Table 44 Europe: Market Size, By Professional Service, 2015–2022 (USD Million)
Table 45 Europe: Market Size, By Organization Size, 2015–2022 (USD Million)
Table 46 Europe: Market Size, By Industry Vertical, 2015–2022 (USD Million)
Table 47 Europe: Market Size, By Country, 2015–2022 (USD Million)
Table 48 Asia Pacific: Web Application Firewall Market Size, By Component, 2015–2022 (USD Million)
Table 49 Asia Pacific: Market Size, By Solution, 2015–2022 (USD Million)
Table 50 Asia Pacific: Market Size, By Service, 2015–2022 (USD Million)
Table 51 Asia Pacific: Market Size, By Professional Service, 2015–2022 (USD Million)
Table 52 Asia Pacific: Market Size, By Organization Size, 2015–2022 (USD Million)
Table 53 Asia Pacific: Market Size, By Industry Vertical, 2015–2022 (USD Million)
Table 54 Asia Pacific: Market Size, By Country, 2015–2022 (USD Million)
Table 55 Middle East and Africa: Web Application Firewall Market Size, By Component, 2015–2022 (USD Million)
Table 56 Middle East and Africa: Market Size, By Solution, 2015–2022 (USD Million)
Table 57 Middle East and Africa: Market Size, By Service, 2015–2022 (USD Million)
Table 58 Middle East and Africa: Market Size, By Professional Service, 2015–2022 (USD Million)
Table 59 Middle East and Africa: Market Size, By Organization Size, 2015–2022 (USD Million)
Table 60 Middle East and Africa: Market Size, By Industry Vertical, 2015–2022 (USD Million)
Table 61 Middle East: Web Application Firewall Market Size, By Country, 2015–2022 (USD Million)
Table 62 Latin America: Market Size, By Component, 2015–2022 (USD Million)
Table 63 Latin America: Market Size, By Solution, 2015–2022 (USD Million)
Table 64 Latin America: Market Size, By Service, 2015–2022 (USD Million)
Table 65 Latin America: Market Size, By Professional Service, 2015–2022 (USD Million)
Table 66 Latin America: Market Size, By Organization Size, 2015–2022 (USD Million)
Table 67 Latin America: Market Size, By Industry Vertical, 2015–2022 (USD Million)
Table 68 Latin America: Web Application Firewall Market Size, By Country, 2015–2022 (USD Million)


List of Figures (37 Figures)

Figure 1 Global Web Application Firewall Market: Market Segmentation
Figure 2 Global Market: Research Design
Figure 3 Data Triangulation
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Web Application Firewall Market: Assumptions
Figure 7 Government and Defense Industry Vertical is Estimated to Hold the Largest Market Share in 2017 in the Industry Vertical Segment
Figure 8 North America is Estimated to Hold the Largest Market Share in 2017
Figure 9 Stringent Government Regulations and Need for Compliance Across the Globe are Expected to Boost the Web Application Firewall Market
Figure 10 Services Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 11 Asia Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 12 Cloud-Based Solution is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 13 Training and Education Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 14 Small and Medium-Sized Enterprises Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 15 Banking, Financial Services, and Insurance Industry Vertical is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 16 The Web Application Firewall Market has Immense Opportunities for Growth in Asia Pacific
Figure 17 Web Application Firewall Market: Drivers, Restraints, Opportunities, and Challenges
Figure 18 Major Cyber-Attack Types, 2015 vs 2016
Figure 19 Services Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 20 Cloud-Based Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 21 Managed Services Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 22 Training and Education Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 23 Small and Medium-Sized Enterprises Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 24 Banking, Financial Services, and Insurance Industry Vertical is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 25 Asia-Pacific Region is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 26 Asia Pacific is Expected to Exhibit the Highest Growth Rate in the Web Application Firewall Market During the Forecast Period
Figure 27 North America: Market Snapshot
Figure 28 Asia Pacific: Market Snapshot
Figure 29 Imperva: Company Snapshot
Figure 30 Akamai: Company Snapshot
Figure 31 Barracuda: Company Snapshot
Figure 32 Citrix: Company Snapshot
Figure 33 F5 Networks: Company Snapshot
Figure 34 Fortinet: Company Snapshot
Figure 35 Radware: Company Snapshot
Figure 36 Sophos: Company Snapshot
Figure 37 Qualys: Company Snapshot

MarketsandMarkets forecasts the global Web Application Firewall (WAF) market size to grow from USD 2.37 Billion in 2017 to USD 5.48 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 18.3%.

The web application firewall market is segmented on the basis of components (solutions and services), organization size, vertical, and regions. The solutions segment is further segmented into hardware appliances, virtual appliances, and cloud-based. The professional services segment is further segmented into consulting, support and maintenance, training and education, and system integration.

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, ransomware, and the emerging cyber threats. Cloud-based WAF solutions provide protection and safeguard the network, even if users are off their Virtual Private Network (VPN). They offer capabilities, such as bot detection and enforcement, access control, caching, threat intelligence, Application Program Interface (API) security, malware detection, and Distributed Denial of Service (DDoS) mitigation. Cloud-based deployment is a cost-effective solution that delivers a better user experience, with scalability options to safeguard the data. Cloud-based deployment of WAF solutions is said to be gaining pace, due to the increased adoption of cloud computing technologies across various organizations. The growth in the cloud-based solutions is attributed to the fact that there has been a significant increase in the government regulations in the WAF market.

The web application firewall market is expected to be witnessing a traction, due to the increasing importance of web applications, the rise in instances of web attacks, such as cyber theft, espionage, vandalism, and fraud, government regulations, the need for compliance and the technological proliferation, and the increasing penetration of IoT. The market for the professional services segment is likely to be growing, as individuals, Small and Medium-Sized Enterprises (SMEs), and large enterprises are concerned about ensuring secure access to their networking devices. Companies offering professional services provide consulting to facilitate the successful deployment of WAF solutions. Professional services are required during and after the implementation of WAF solutions. These services include planning, designing, consulting, and upgrading. Consultants, user behavior analytics experts, and dedicated project management teams help provide professional services. These professionals specialize in the design and delivery of critical decision support software, tools, and services.

The trending WAF technologies are offering machine learning and artificial intelligence, which play vital roles in the WAF arena. WAF solutions and services can be deployed over an enterprise’s cyber infrastructure using hardware WAF appliances, virtual appliance-based systems, and cloud-based applications. The major vendors offering supporting services include system integration and training, along with support and maintenance, for a seamless transition and implementation of WAF solutions.

Web Application Firewall Market

North America is expected to top the globe in terms of presence of security vendors and security breach incidents. Therefore, the web application firewall market is said to be dominated by North America, which is considered to be the most advanced region for cybersecurity technology adoption and infrastructure. The world is becoming more connected and the Internet of Things (IoT) trend is gaining prominence. The awareness about the need to protect the network infrastructure has been 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 the government intervention in the recent years. With the increasing numbers of connected devices, new forms and varieties of cyber-attacks are joining the threat landscape.

The APAC region is expected to witness a significant growth in the web application firewall market, due to the increasing adoption of web and mobile applications for business operations. 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 the traditional defense mechanism. Therefore, advanced and sophisticated threats are hard to be detected. According to the 2016 BSA Global Software Survey, 6 out of 10 computers in  Asia Pacific (APAC) run on non-genuine software and are thus prone to the rising cyber-attacks.

The high cost of deployment for appliance-based WAFs and the competition with integrated Unified Threat Management (UTM) solutions is likely to be the main restraining factor for the growth of the WAF market. However, the recent developments, new product launches, and acquisitions undertaken by the major market players are expected to be boosting the growth of the market.

The study measures and evaluates the major offerings and key strategies of the major market vendors, including Imperva, Akamai Technologies, Barracuda Networks, Citrix Systems, Cloudflare, DenyAll, Ergon Informatik, F5 Networks, Fortinet, Penta Security Systems, Radware, Trustwave, and NSFOCUS. These companies have been at the forefront in offering reliable WAF solutions to the commercial clients across diverse locations.

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