Global Web Application Firewall Market Report and Forecast 2024-2032

Global Web Application Firewall Market Outlook

The global web application firewall market size reached approximately USD 5.76 billion in 2023. The market is further projected to grow at a CAGR of 16.7% between 2024 and 2032, reaching a value of USD 23.23 billion by 2032.

Key Trends in the Market

Web application firewall (WAF) provides protection to different web applications for various application layer attacks including cookie poisoning, SQL injection, and cross-site scripting, among others. Web application firewall can either be cloud based, network based, or host based.

• Increasing severity of cyberattacks is bolstering the web application firewall market growth. The WAF provides protection to the application layer and is designed for analysing every HTTP/S request. Web application firewall acts as an intermediary between app and user and analyses all communications.

• Increasing shift to cloud-based infrastructure by various businesses owing to its accessibility and connectivity is aiding the market expansion. Web application firewall provides protection against broken authentication, sensitive data exposure, injection attacks, and security misconfigurations, among others.

• The rising adoption of web application firewall by the healthcare sector to prevent unauthorised access to electronic patient information and vital healthcare networks via Wi-Fi enabled equipment is providing lucrative growth opportunities to the market.

Global Web Application Firewall Market Analysis

On the basis of component, the market is bifurcated into solution and services. Based on deployment mode, the market is divided into on-premises and cloud. On the basis of organisation size, the market is classified into small and medium enterprises and large enterprises.

Based on end use, the market is categorised into BFSI, IT and telecom, government and public sector, healthcare, education, and retail, among others. On the basis of region, the web application firewall market segmentation includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Amazon.com, Inc. 

• Cloudflare, Inc. 

• Barracuda Networks, Inc. 

• Qualys, Inc. 

• Imperva Inc. 

• Fortinet Inc. 

• Radware Ltd. 

• F5, Inc. 

• Akamai Technologies, Inc. 

• Sectigo Limited (Sitelock, LLC) 

• Others

Market Share by Deployment Mode

The on-premises deployment mode is expected to account for a significant web application firewall market share. This growth can be attributed to the increasing threat of cyberattacks, including ransomware. Due to the significant investments involved in the organisation, management, and implementation of servers, software, and hardware, on-premises web application firewalls are generally deployed by large enterprises. The mode of deployment is most suitable for management of health and financial records with sensitive information that entail large data operations and transfers.

Market Share by region

North America accounts for a significant share of the market owing to the increased acceptance of novel technologies in the region and the strong presence of various key market players. The technological advancements in the telecommunications sector and increasing investments in the defence sector are bolstering the web application firewall market demand. Introduction of government regulations to enhance data security is further driving the growth of the market in North America.

Competitive Landscape

Amazon.com, Inc. was founded in 1994 and is headquartered in Washington, United States. The multinational company provides web application firewalls, cloud computing, online advertising, digital streaming, and same day delivery in various regions across the globe.

Cloudflare, Inc., headquartered in California, United States, is an IT service management company that was founded in 2010. The company empowers organisations to make networks and applications securer and faster, while reducing costs and complexity.

Barracuda Networks, Inc., headquartered in California, United States, is an IT services and consulting company that specialises in message archiving, web application firewall, remote connectivity and mobile security, and email encryption, among others.

Other web application firewall market key players include Qualys, Inc., Imperva Inc., Fortinet Inc., Radware Ltd., F5, Inc., Akamai Technologies, Inc., and Sectigo Limited (Sitelock, LLC), among others.

Key Highlights of the Report