Market Trends of Web Application Firewall Industry
Cloud-Based to Witness Significant Growth
- Web application firewall market development is being driven by the increased acceptance of cloud-based technologies as well as the use of social media platforms. All industries now widely use cloud technology, providing corporations with cost-effective security solutions.
- Cloud-based WAF solutions are available as software packages that comprise a comprehensive stack of threat prevention technologies that provide the best defense against vulnerabilities such as malware, phishing, ransomware, and new cyber threats. Cloud-based WAF solutions safeguard and protect the network (VPN) even when users are not connected to their VPN. Among the services they offer are bot identification and enforcement, access control, caching, threat intelligence, API security, virus detection, and Distributed Denial of Service (DDoS) mitigation.
- Cloud computing enables the model to operate from anywhere and at any time. Furthermore, cloud deployment allows organizations to integrate supplemental infrastructure technologies such as software-defined perimeters to construct durable and highly secure systems. As a result, the growing usage of cloud-based solutions propels the expansion of the web application firewall market share.
- The growing use of cloud-based services has increased the number of WAF solutions, which is expected to boost the global web application firewall market size throughout the forecast period. Furthermore, the growing number of compliance requirements and security laws (PCI DSS) and (GDPR) propel the global industry.
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Asia Pacific Region Expected Significant Demand for Web Application Firewall Market
- Australia, China, India, and Japan are the leading economies in Asia Pacific due to the rising adoption of cloud, and BYOD is gaining popularity as a growth driver. With the proliferation of remote and mobile work and the BYOD trend, hackers have heightened their target from a few employees to the entire network with the help of private emails. As enterprises continue to make strategic shifts to the cloud, they have raised the demand for new and innovative methods, such as encryption and email archiving solutions, to enhance the security of their networks.
- Additionally, as the diversity in the employees' whereabouts continues to expand, the companies are investing in robust security measures, driving the growth of the APAC network security firewalls. The growing population across the region and living standards are also bolstering cloud and BYOD technology development. Thus, the growth of cloud and BYOD technology is expected to create a significant demand for network security firewalls in the coming years, which is further anticipated to drive the market in APAC.
- The demand is expected to grow at a faster pace owing to the stringent regulatory framework and data protection laws like local GDPR; Asia-Pacific is attributed to increasing investments in cyber security by organizations. Also, the increasing adoption of technologies like cloud computing, IoT, and 5G calls for innovative security solutions in the region.
- The growing internet usage in developing countries increases the adoption of security solutions. Further, due to improved data susceptibility brought on by the expansion of the wireless network for devices, network security has become a crucial component of every organization. These are some of the critical factors in the Asia Pacific region that have boosted the market demand.
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