The latest report by IMARC Group, titled “ Web Application Firewall Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“,offers a comprehensive analysis of the industry, which comprises insights on the global web application firewall market share. The global web market size reached US$ 4.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 11.4 Billion by 2028, exhibiting a growth rate (CAGR) of 15.6% during 2023-2028.

A web application firewall (WAF) is a crucial cybersecurity tool designed to protect web applications from various online threats and vulnerabilities. It acts as a barrier between a web application and potential malicious actors, continuously monitoring and filtering incoming web traffic. WAFs work by analyzing HTTP requests and responses, identifying and blocking any suspicious or harmful content. WAFs are essential for safeguarding web applications against common attacks such as SQL injection, cross-site scripting (XSS), and cross-site request forgery (CSRF). They achieve this by applying a set of predefined security rules and policies to incoming traffic, allowing only legitimate requests to pass through while blocking or mitigating potentially harmful ones. 

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/web-application-firewall-market/requestsample

Web Application Firewall Market Trends and Drivers:

The ongoing digital transformation across industries is a major driver. Businesses are increasingly adopting web applications to streamline processes, enhance customer experiences, and remain competitive in the digital age. Web applications enable them to modernize their operations and stay relevant. Additionally, with the proliferation of smartphones and mobile devices, there's a growing demand for web applications that are mobile-friendly. Businesses are developing responsive web applications to cater to users on various devices, expanding their reach and accessibility. Other than this, cloud-based web applications have gained immense popularity. They offer scalability, flexibility, and cost-efficiency. Companies are migrating to the cloud to deploy and manage their web applications, reducing infrastructure costs and enhancing performance. Besides this, the e-commerce sector has witnessed explosive growth, particularly in the wake of the COVID-19 pandemic. Web applications play a pivotal role in facilitating online shopping, payments, and seamless user experiences, driving the demand for e-commerce platforms and applications. In line with this, the rise in cyber threats, businesses are increasingly investing in web application security. They require robust web applications with built-in security features to protect sensitive data and user information, fueling the demand for secure web development practices. Furthermore, the Internet of Things (IoT) is integrating web applications into various smart devices and systems. This connectivity opens up new opportunities for businesses to collect and analyze data, optimize operations, and enhance user experiences. 

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Deployment:

• Cloud-based
• On-premises

On-premises WAF represents the largest market segment as it helps prevent the risk of threats from advanced cyber-attacks or ransomware.

Breakup by Organization Size:

• Large Enterprises
• Small and Medium Enterprises

WAF finds applications in large enterprises on account of their increasing focus on ensuring secure access to network devices.

Breakup by Service:

• Professional services
• Managed services

WAF is extensively used for professional services as it protects websites and other web applications by inspecting and filtering traffic between the website and visitors accessing the site.

Breakup by End Use Industry:

• Government and Defense
• BFSI
• Retail
• Healthcare
• IT and Telecom
• Energy and Utilities
• Manufacturing
• Others

WAF is employed in the BFSI industry to prevent unauthorized access to the confidential data of customers and eliminate the risk of scams and cyber-attacks.

Market Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Competitive Landscape with Key Player:

• Akamai Technologies Inc.
• Applicure Technology Ltd.
• Barracuda Networks Inc.
• Citrix Systems Inc.
• Cloudflare Inc.
• Ergon Informatik AG
• F5 Networks Inc.
• Fortinet Inc.
• Imperva Inc.,
• Nsfocus Information Technology Co. Ltd.
• Penta Security Systems Inc. (Finleap)
• Qualys Inc.
• Radware Ltd.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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