Global Web Application Firewall Market Size By Vertical (Government And Defense, Telecom And IT, Retail), By Component (Solution, Service), By Geographic Scope And Forecast

Web Application Firewall Market Size and Forecast

Web Application Firewall Market size was valued at USD 4.01 Billion in 2020 and is projected to reach USD 16.19 Billion by 2028, growing at a CAGR of 19.17% from 2021 to 2028.

The growing usage of internet & web-related applications, the ability of web application firewalls to detect & prevent cross-site scripting (XSS) attacks, SQL injection attacks, buffer overflows & session hijacking, and the increasing adoption of cloud-based computing technologies are expected to drive the market over the predicted years. The Global Web Application Firewall Market report provides a holistic evaluation of the market. The report offers comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Web Application Firewall Market Definition

A WAF or web application firewall functions by monitoring, filtering, and blocking traffic from an application. A regular firewall and the web application firewall are distinguished because a WAF can filter the information that is present on a web page and determine the content that poses a threat whereas the regular firewall act as a barrier between the servers and the safety gate. The advantages of a web application firewall include protection against automated temporary patches, zero-data exploits, and prevents leakage of data. It is used in various industry verticals including Government and Defense, Telecom & IT, Retail, Banking, Financial Services, and Insurance (BFSI), Healthcare, Education, and Others. The web application firewall is classified into two components i.e. solution and service. The solution is further classified into Cloud-Based, Virtual Appliances, and Hardware Appliances while service is classified into Managed Services and Professional Service.

Global Web Application Firewall Market Overview

The growing usage of internet & web-related applications and the ability of web application firewalls to detect & prevent cross-site scripting (XSS) attacks, SQL injection attacks, buffer overflows & session hijacking are expected to drive the market over the predicted years. Also, the increasing adoption of cloud-based computing technologies and government regulations regarding cybersecurity expects a boost to the market in the coming years. Additionally, technological innovation in product offerings and rise in application areas among industry verticals are predicted to fuel the market during the forecasted years.

<span data-sheets-userformat='{"2"12865,"3"{"1"0},"9"0,"12"0,"15""Calibri","16"12}' data-sheets-value='{"1"2,"2""Global Web Application Firewall Market Analysis\nAccording to Market Research, The Global Web Application Firewall Market was valued at USD 3.65 billion in 2019 and is projected to reach USD 13.08 billion by 2027, growing at a CAGR of 18.65% from 2020 to 2027.\n\nThe growing usage of internet & web-related applications, the ability of web application firewalls to detect & prevent cross-site scripting (XSS) attacks, SQL injection attacks, buffer overflows & session hijacking, and the increasing adoption of cloud-based computing technologies are expected to drive the market over the predicted years.\n\nGlobal Web application firewall Market Definition\nA WAF or web application firewall functions by monitoring, filtering, and blocking traffic from an application. A regular firewall and the web application firewall are distinguished because a WAF can filter the information that is present on a web page and determine the content that poses a threat whereas the regular firewall act as a barrier between the servers and the safety gate. The advantages of a web application firewall include protection against automated temporary patches, zero-data exploits and prevents leakage of data. It is used in various industry verticals including Government and Defense, Telecom & IT, Retail, Banking, Financial Services, and Insurance (BFSI), Healthcare, Education, and Others. The web application firewall is classified into two components i.e. solution and service. The solution is further classified into Cloud-Based, Virtual Appliances, and Hardware Appliances while service is classified into Managed Services and Professional Service.\n\nGlobal Web application firewall Market Overview\nThe growing usage of internet & web-related applications and the ability of web application firewalls to detect & prevent cross-site scripting (XSS) attacks, SQL injection attacks, buffer overflows & session hijacking are expected to drive the market over the predicted years. Also, the increasing adoption of cloud-based computing technologies and government regulations regarding cybersecurity expects a boost to the market in the coming years. Additionally, technological innovation in product offerings and rise in application areas among industry verticals are predicted to fuel the market during the forecasted years.\nThere are certain restraints and challenges faced which can hinder the market growth. Factors such as lack of experienced workforce and the presence of integrated UTM solutions are likely to act as market restraints.\n\nGlobal Web application firewall Market by Vertical\n• Government and DefenseTelecom and IT\n• Retail\n• Banking, Financial Services, and Insurance (BFSI)\n• Healthcare\n• Education\n• Others\nBased on the vertical, the market is bifurcated into Government and Defense, Telecom & IT, Retail, Banking, Financial Services, and Insurance (BFSI), Healthcare, Education, and Others. Banking, Financial Services, and Insurance (BFSI) segment hold the largest market share. \n\nGlobal Web application firewall Market Component\n• Solution\n1. Cloud-Based\n2. Virtual Appliances\n3. Hardware Appliances\n• Service\n1. Managed Services\n2. Professional Servi