Web Application Firewall Market Size

Web Application Firewall Market size was over USD 8.45 Billion in 2023 and is likely to exceed USD 97.5 Billion by the end of 2036, witnessing over 20.7% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of web application firewall is evaluated at USD 10.02 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.