Web Application Firewall Market Analysis

Web Application Firewall Segmentation

End User (BFSI, Healthcare, Manufacturing, Government Sector, IT and Telecom, Retail, E-Commerce)

By 2035, the BFSI segment is expected to hold the largest share of the web application firewall market with a share of about 31%. The increasing trend of digital transformation in banking, financial services, and insurance (BFSI) organizations has led to a rise in web applications. Banks and other financial institutions are increasingly turning to web application firewall solutions to protect their customers' data from malicious actors. These solutions are designed to detect and block malicious traffic and protect the sensitive information stored in online banking systems.

Deployment Model (On-Premise, Cloud)

The on-premise segment is poised to hold over about 54% share of the global web application firewall market by 2035. Organizations are looking for more control over their data and security. With on-premises deployment, organizations can manage and monitor their security operations in-house whilst ensuring data protection and security. Furthermore, this mode of deployment allows for greater customization to meet specific requirements within an organization. Additionally, with on-premise firewalls, organizations can have greater control over the traffic coming into and leaving out of their networks, allowing them to better protect their applications from malicious actors.

Our in-depth analysis of the global market includes the following segments:

Component	Solution Services
Deployment Model	On-Premise Cloud
Enterprise Size	Large Enterprises Small & Medium Enterprises
End User	BFSI Healthcare Manufacturing Government Sector IT and Telecom Retail E-Commerce

Frequently Asked Questions (FAQ)

The increasing number of cyberattacks and data breaches, and the growing adoption of cloud-based services.

The market size of web application firewalls is anticipated to attain a CAGR of ~21% over the forecast period, i.e., 2023 â€“ 2035.

The major players in the market are Imperva, Datadog Inc., Akamai Technologies Inc., F5 Networks Inc., Barracuda Networks Inc., Cloudflare Inc., and others.

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by component, deployment model, enterprise size, end user, and by region.

The on-premise segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

Cost concerns related to the implementation of WAF and the shortage of qualified personnel who can manage and configure these systems effectively.

The market in the North America region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

Web Application Firewall Market Analysis