Market Size of Application Gateway Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 9.70 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Application Gateway Market Analysis
The application gateway is expected to witness a growth at a CAGR of 9.7% over the forecast period (2021-2026). The application gateway is a web traffic load balancer that allows the user to manage traffic to its web applications. The gateways make the routing decision based on attributes such as HTTP requests to optimize the results.
- The increasing demand for protected networks and multi-layered protection against growing different layered cyber attacks is the key factor driving the demand for application gateway solutions. According to the latest published Cisco SMB Cybersecurity report, more than 53% of mid-market companies across 26 countries experienced a cyber breach in 2019. Additionally, the greater emphasis on the BYOD business trend has put more pressure on these companies to deploy application gateway solutions.
- According to the Center for Strategic and International Studies (CSIS) and McAfee, cybercrimes, which include damage and destruction of data, stolen money, lost property, intellectual property theft, and other areas, currently cost the world almost USD 600 billion each year, or 0.8% of global GDP.
- Due to the ongoing COVID-19 outbreak, the countries across the world have implemented precautionary measures. While schools are being closed, and communities are asked to stay at home, and many organizations are finding a wat to enable their employees to work from their homes. This has resulted in a rise in the adoption of video communication platforms. In the past four months, the new domain registration on these video communication platforms, including Zoom, has rapidly increased. According to the Checkpoint Security, since January 2020, more than 1700 new domains were registered and 25% of which registered in the first week of March 2020. Due to this, cybercriminals also have started targeting these platforms.
Application Gateway Industry Segmentation
The study of the application gateway market has considered the varied offerings for both solutions and services by vendors in the market. Additionally, these vendors are focusing on offering end-user specific application gateway solutions for a wide range of end-user verticals, globally.
| By Offering | |
| Solutions | |
| Services |
| By Organization Size | |
| Small and Medium Enterprise | |
| Large Enterprise |
| By End-user Verticals | |
| BFSi | |
| IT and Telecommunication | |
| Retail | |
| Healthcare | |
| Others (Education, Government, and Energy & Utilities) |
| Geography | |
| North America | |
| Europe | |
| Asia-Pacific | |
| Latin America | |
| Middle East & Africa |
Application Gateway Market Size Summary
The application gateway market is experiencing significant growth, driven by the increasing need for secure and efficient management of web traffic. These gateways serve as crucial tools for balancing load and optimizing routing decisions based on HTTP requests, thereby enhancing the performance and security of web applications. The rising demand for robust network protection against sophisticated cyber threats is a primary factor propelling the market forward. The shift towards remote work and the proliferation of digital communication platforms during the COVID-19 pandemic have further accelerated the adoption of application gateway solutions. This trend is particularly evident in sectors like healthcare, where the digitization of records has necessitated a more comprehensive cybersecurity strategy to protect sensitive data from breaches.
The market landscape is characterized by fragmentation, with both established and emerging players vying for market share. Companies such as Microsoft, SAP SE, and Orange Business Services are prominent in this space, offering customized solutions to meet diverse user requirements without compromising performance. The demand for application gateway solutions is also rising among small and medium-sized enterprises, driven by the increasing frequency of cyberattacks. Recent acquisitions and product enhancements, such as Microsoft's Azure Application Gateway Firewall upgrade, highlight the ongoing efforts by key players to expand their capabilities and maintain a competitive edge in the market.
Application Gateway Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Growth in Number of Different Application Layer Attacks
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1.3 Market Restraints
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1.3.1 Lack of Mandatory Regulations for Information Security
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1.4 Industry Value Chain Analysis
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1.5 Porters 5 Force Analysis
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1.5.1 Threat of New Entrants
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1.5.2 Bargaining Power of Buyers/Consumers
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1.5.3 Bargaining Power of Suppliers
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1.5.4 Threat of Substitute Products
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1.5.5 Intensity of Competitive Rivalry
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1.6 Assessment on the Impact of COVID-19 on the market
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2. MARKET SEGMENTATION
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2.1 By Offering
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2.1.1 Solutions
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2.1.2 Services
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2.2 By Organization Size
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2.2.1 Small and Medium Enterprise
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2.2.2 Large Enterprise
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2.3 By End-user Verticals
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2.3.1 BFSi
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2.3.2 IT and Telecommunication
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2.3.3 Retail
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2.3.4 Healthcare
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2.3.5 Others (Education, Government, and Energy & Utilities)
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2.4 Geography
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2.4.1 North America
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2.4.2 Europe
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2.4.3 Asia-Pacific
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2.4.4 Latin America
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2.4.5 Middle East & Africa
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Application Gateway Market Size FAQs
What is the current Application Gateway Market size?
The Application Gateway Market is projected to register a CAGR of 9.70% during the forecast period (2024-2029)
Who are the key players in Application Gateway Market?
Microsoft Corporation, SAP SE, Orange Business Services, F5 Networks Inc. and Palo Alto Networks Inc. are the major companies operating in the Application Gateway Market.
