Web Application Firewall Market Global Analysis Report 2025-2033 - Increase in IoT User Adoption and Technological Development to Support Market Expansion

Associated Press

04-04-2025

The 'Web Application Firewall Market Global Forecast Report by Component, Organization Type, Deployment Mode, Industry Vertical, Countries and Company Analysis 2025-2033" report has been added to ResearchAndMarkets.com's offering.
The Global Web Application Firewall Market will reach US$ 20.44 Billion by 2033, up from US$ 6.19 Billion in 2024, with a CAGR of 14.19% between 2025 and 2033
The growing importance of online applications is the primary factor driving the global market expansion. The growing use of IoT and technological innovation are driving the popularity of WAF solutions. Stricter government laws controlling data security and cyber theft, together with an increase in fraud and cybercrime, are also expected to boost market growth.
One major factor driving the WAF industry is the rise in cyberattacks, especially those that target web applications. Seventy percent of enterprise-related intrusions involved web applications, per Verizon's 2022 Data Breach Investigations Report. Additionally, the research reported that ransomware attacks had increased by 13% in the preceding year. Businesses are being forced to use robust security solutions, like WAFs, to protect their data and web apps due to the ever-evolving threat landscape.
The WAF market is expanding globally, with distinct drivers in each region due to regional cybersecurity requirements, industrial demands, and regulatory pressures. In terms of market maturity, Asia-Pacific is growing at the fastest rate, driven by cybersecurity awareness and digital expansion, while North America and Europe dominate. As companies place a greater emphasis on web application security in response to growing cyber threats, Latin America and the Middle East are becoming significant markets.
Driving Forces of Web Application Firewall Market
Increase in IoT User Adoption and Technological Development to Support Market Expansion
Many sectors are adopting technology like the Internet of Things (IoT) as the world grows more interconnected. Increased awareness and protection of networks and web applications are becoming more and more necessary. There are many devices that are linked to the internet, including printers, mobile devices, and televisions. In an effort to streamline operations, businesses are incorporating linked devices into their operations more and more.
However, a number of cyberthreats and vulnerabilities accompany the growth of devices and related applications. The majority of IoT technology and development firms support and put into practice cutting-edge security solutions like WAFs, runtime application self-protection, and next-generation firewalls to combat these issues and protect corporate infrastructure. The market's rising need for WAFs is being driven by this increase in security requirements.
Growing use of cloud computing
As cloud computing gains popularity, the industry is growing. Businesses may safeguard their web apps at a reasonable cost with cloud-based WAF. The market is growing as a result of cloud-based technologies and social media's development. Many businesses embrace cloud computing because it provides cost-effective security solutions.
With cloud computing, teams can work together at any time and from any place. Using additional infrastructure technologies, such software-defined perimeters, businesses may use the cloud to create a robust and highly secure platform. Thus, the increasing use of cloud computing solutions is a noteworthy trend in this sector.
Regulatory Compliances
The need for Web Application Firewalls (WAFs) is being driven by strict regulatory frameworks like the General Data Protection Regulation (GDPR), the Payment Card Industry Data Security Standard (PCI DSS), and the Health Insurance Portability and Accountability Act (HIPAA). These rules require companies to put strong security measures in place to guard against cyberattacks, data breaches, and illegal access to private client information.
By filtering and monitoring incoming web traffic, spotting malicious activity, and stopping attacks like SQL injection, cross-site scripting, and DDoS attacks, WAFs offer vital security. WAFs are a crucial tool for companies looking to comply with these standards since non-compliance may lead to significant fines and harm to one's reputation. Businesses from a variety of industries are using WAFs more frequently as data privacy and security issues continue to grow in order to guarantee regulatory compliance and protect client data.
Company Analysis: Overview, Key Persons, Recent Development & Strategies, Financial Insights
Akamai Technologies, Inc.
Cloudflare Inc
Qualys Inc
F5 Inc
Fortinet Inc
Radware Ltd
NSFOCUS Technologies Group Co Ltd
Microsoft Corporation
Key Attributes:
Report Attribute Details
No. of Pages 110
Forecast Period 2024 - 2033
Estimated Market Value (USD) in 2024 $6.19 Billion
Forecasted Market Value (USD) by 2033 $20.44 Billion
Compound Annual Growth Rate 14.2%
Regions Covered Global
Key Topics Covered:
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Web Application Firewall Market
6. Market Share Analysis
6.1 By Component
6.2 By Organization Type
6.3 By Deployment Mode
6.4 By Industry Vertical
6.5 By Countries
7. Component
7.1 Solution
7.2 Services
8. Organization Type
8.1 Large Enterprises
8.2 Small and Medium Enterprises
9. Deployment Mode
9.1 On-Premise
9.2 Cloud
10. Industry Vertical
10.1 Retail
10.2 BFSI
10.3 Manufacturing
10.4 Government
10.5 IT & Telecommunication
10.6 Healthcare
10.7 Energy & Utilities
10.8 Others
11. Countries
11.1 North America
11.1.1 United States
11.1.2 Canada
11.2 Europe
11.2.1 France
11.2.2 Germany
11.2.3 Italy
11.2.4 Spain
11.2.5 United Kingdom
11.2.6 Belgium
11.2.7 Netherlands
11.2.8 Turkey
11.3 Asia Pacific
11.3.1 China
11.3.2 Japan
11.3.3 India
11.3.4 South Korea
11.3.5 Thailand
11.3.6 Malaysia
11.3.7 Indonesia
11.3.8 Australia
11.3.9 New Zealand
11.4 Latin America
11.4.1 Brazil
11.4.2 Mexico
11.4.3 Argentina
11.5 Middle East & Africa
11.5.1 Saudi Arabia
11.5.2 UAE
11.5.3 South Africa
12. Porter's Five Forces Analysis
12.1 Bargaining Power of Buyers
12.2 Bargaining Power of Suppliers
12.3 Degree of Rivalry
12.4 Threat of New Entrants
12.5 Threat of Substitutes
13. SWOT Analysis
13.1 Strength
13.2 Weakness
13.3 Opportunity
13.4 Threat
14. Key Players Analysis
For more information about this report visit https://www.researchandmarkets.com/r/clfx9e
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PUB: 04/04/2025 07:47 AM/DISC: 04/04/2025 07:47 AM