Global Market Size, Forecast, and Trend Highlights Over 2025 – 2037
Web Application Firewall Market size was over USD 10.12 billion in 2024 and is projected to reach USD 114.29 billion by 2037, growing at around 20.5% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of web application firewall is evaluated at USD 11.78 billion. There is an increase in the number of cyber-attacks targeting web applications. web application attacks account for 27% of all breaches and a report found that websites receive an average of 95 attacks every day, and web crawlers visit them an average of 2,600 times per week. WAF detects and blocks malicious requests before they reach the application, helping to protect against a variety of cyber threats such as SQL injection, Cross-Site Scripting (XSS), and Distributed Denial of Service (DDoS) attacks.
Web application firewalls are becoming an essential component of an organization's cybersecurity strategy. The deployment of WAF in cloud and virtual environments is increasing, as these types of firewalls are better suited to protect against malicious web traffic and can be deployed quickly and easily.
Web Application Firewall Sector: Growth Drivers and Challenges
Growth Drivers
- Rising Web Application Attacks in Healthcare Sector - DDoS attacks targeted the healthcare sector in 2021 due to COVID-19, school reopening, and vaccine availability. Among the 849 incidents Verizon identified in the healthcare sector in 2021, 571 were confirmed data breaches. Healthcare organizations are especially vulnerable because they store large amounts of sensitive patient data that can be used for identity theft and fraud. Additionally, hackers can use ransomware to hold the data hostage. WAF can help protect against these threats by blocking malicious traffic and alerting security teams of suspicious activity.
- Enactment of Strict Government Regulations Governing Data Privacy - As organizations increasingly become aware of the risks posed by data breaches, they are increasingly turning to Web Application Firewalls to protect sensitive data. Increasing government regulations across the world will incentivize organizations to protect their data by using WAFs, such as PCI DSS (Payment Card Industry Data Security Standard), HIPAA (Health Insurance Portability and Accountability Act), GDPR (General Data Protection Regulation), and CCPA (California Consumer Privacy Act).
- Rising Penetration Of IoT And Advanced Technology - By 2023, there will be 16 billion Internet of Things (IoT) devices, which is 56% more than in 2020. In addition, 78 zettabytes (ZB) of data are expected to be generated by these devices by 2025. With the increasing number of connected devices, the need for web application firewalls to protect against cyber-attacks is also increasing. These firewalls use advanced technology such as artificial intelligence to detect malicious traffic and protect against cyber-attacks.
Challenges
- Complexity of the Technology - The complexity of the technology presents the biggest challenge for WAF users. It is difficult to develop a system that can detect and block malicious traffic without interfering with legitimate user interactions. The complexity of the technology requires a deep understanding of the underlying infrastructure and protocols that are used to communicate and exchange information over the web.
- Cost concerns related to the implementation of web application firewalls
- Shortage of qualified personnel who can manage and configure these systems effectively.
Web Application Firewall Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
20.5% |
|
Base Year Market Size (2024) |
USD 10.12 billion |
|
Forecast Year Market Size (2037) |
USD 114.29 billion |
|
Regional Scope |
|
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Customize this ReportWeb Application Firewall Industry - Regional Synopsis
North American Market Forecast
North America industry is expected to dominate majority revenue share of 37% by 2037, with about 37%. In addition to the presence of a large number of companies in the region, technological advances in cybersecurity, as well as increased investment by companies in research and development activities, are all expected to contribute to the growth of the market in the region. U.S. Defense Department estimates that government investment in cyberspace programs will reach USD 11.2 billion by 2023. A higher number of cybersecurity professionals will result in a greater demand for cybersecurity products and services such as web application firewalls.
APAC Market Statistics
A share of roughly 28% is expected to be recorded by the end of 2037 for the Asia Pacific web application firewall market. Growing internet penetration and rising cyber-attacks targeting enterprises in the region are increasing demand for web application firewall solutions from SMEs, government organizations, and large enterprises to protect their web applications from threats and cyber-attacks. This is due to the increasing number of organizations that are investing in digital transformation initiatives and the need to secure data and applications from cyber-attacks. Governments in the region are enacting stringent regulations for securing data and information to further drive the demand for web application firewalls.
Top Featured Companies Dominating the Web Application Firewall Landscape
- Imperva
- Datadog Inc.
- Akamai Technologies Inc.
- F5 Networks Inc.
- Barracuda Networks Inc.
- Cloudflare Inc.
- Ergon Informatik
- F5 Networks
- Fortinet
- Radware
In the News
- An agreement has been reached between Imperva, Inc. and CloudVector, a provider of advanced API security. The CloudVector API traffic discovery, monitoring, and protection platform protect API traffic from exploits and breaches in any environment. With this acquisition, the company continues to drive its vision for securing web applications and APIs.
- The Application Security Monitoring (ASM) service developed by Datadog Inc. is based on the same agents that many DevOps teams use for monitoring their applications. In last year's acquisition of Sqreen, Datadog gained a runtime application self-protection engine and web application firewall (WAF) that enabled the creation of ASM.
Author Credits: Abhishek Verma
- Report ID: 5023
- Published Date: Nov 27, 2024
- Report Format: PDF, PPT
