HOME Research Insight Akamai Technologies and Barracuda Networks are theLeading Players in the Web Application Firewall Market



Akamai Technologies and Barracuda Networks are theLeading Players in the Web Application Firewall Market


The Web Application Firewall (WAF) market is expected to be gaining traction, due to the rising instances of web attacks, covering cyber thefts, espionage, vandalism, and fraudulent mechanism; government regulations and need for compliance; and the increasing penetration of Internet of Things (IoT) across various end-user applications. The technological proliferation and penetration of iOS and Android-based smartphones are some of the other factors, which are likely to contribute to the growth of the WAF market. MarketsandMarkets forecasts the 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%.

There are several established players in the WAF market, such as Imperva Inc. (US), Akamai Technologies, Inc. (US), Barracuda Networks, Inc. (US), Citrix Systems, Inc. (US), Cloudflare, Inc. (US), DenyAll SA (France), Ergon Informatik AG (Switzerland), F5 Networks, Inc. (US), Fortinet, Inc. (US), Penta Security Systems Inc. (South Korea), Radware Ltd. (Israel), Trustwave Holdings Inc. (US), Sophos, Ltd. (UK), Positive Technologies (US), StackPath (US), Zenedge, Inc. (US), NSFOCUS (US), and Qualys, Inc. (US).  These leading players have adopted various strategies, such as partnerships, collaborations, agreements, mergers, acquisitions, and new product developments, to achieve growth in the WAF market.

Akamai Technologies is one of the leading players in the WAF market. The company adopts both organic and inorganic growth strategies to enhance its market presence. It has made various partnerships and strategic alliances with local as well as global players. In 2016, Akamai partnered with Singtel, an Asian cybersecurity service provider, to provide enhanced protection to enterprises from Distributed Denial of Service (DDoS) and web application attacks. Moreover, in 2017, Akamai Technologies launched the Enterprise Threat Protector to specifically address the intelligence gap in the Domain Name System (DNS) infrastructure. It offers quick-to-deploy and easy-to-manage cloud-based protection against the impact of complex targeted threats, such as malware, ransomware, phishing, and DNS-based data exfiltration.

Barracuda Networks is another established vendor in the WAF market. The company has a strong geographic presence worldwide, including the regions of North America, Asia Pacific (APAC), Middle East and Africa (MEA), Europe, and Latin America. The company focuses more on inorganic growth strategies to tap the benefits of the WAF market. In 2017, Barracuda Networks partnered with Zscaler, a cloud-based information security company. The partnership enabled Barracuda Networks to extend its cloud security platform functionality by utilizing Zscaler's highly scalable security service to protect users accessing the internet from anywhere, using any device. Moreover, in 2017, Barracuda Networks acquired Intronis, a leader in providing data protection solutions for Managed Service Providers (MSPs), to expand Barracuda's channel reach in the fast-growing MSPs domain.

Related 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

Contact:
Mr. Rohan
MarketsandMarkets™
701 Pike Street,
Suite 2175, Seattle,
WA 98101, United States
1-888-600-6441
Email: sales@marketsandmarkets.com

Connect Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441

Search reports