Web Application Firewall Market Share

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.