Web Application Firewall Market by Solution (Hardware Appliances, Virtual Appliances, Cloud-Based), Service (Professional and Managed), Organization Size (SMEs and Large Enterprises), Industry Vertical, and Region - Global Forecast to 2022

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Date: 04-Oct-2017
No. of pages: 150
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The Web Application Firewall (WAF) market is expected to grow at a Compound Annual Growth Rate (CAGR) of 18.3% during the forecast period, due to the rise in instances of targeted attacks on web applications

The global WAF market size is expected to grow from USD 2.37 billion in 2017 to USD 5.48 billion by 2022, at a CAGR of 18.3%.Increasing competitiveness, in the current scenario of the business environment, has made it crucial for organizations to have web applications devoted to the cause of the organization. Furthermore, with the emergence and increasing penetration of iOS and Android-based smart phones, businesses are now using such devices to market their goods with a substantial competitive edge. However, high cost of deployment for appliance-based WAFs and competition with integrated Unified Threat Management (UTM) solutions are said to be the major restraining factors for the growth of this market.

The cloud-based segment is expected to grow at the highest CAGR during the forecast period

Cloud-based WAF solutions are available as software bundles with a full stack of threat prevention technologies that provide the best protection against vulnerabilities, such as malware, phishing, ransom are, and emerging cyber-threats. Cloud-based WAF solutions provide protection and safeguard the network even if users are off their Virtual Private Network (VPN). They offer capabilities, such as bot detection and enforcement, access control, caching, threat intelligence, Application Programming Interface (API) security, malware detection, and Distributed Denial of Service (DDoS) mitigation.

The professional services segment is expected to have a larger market size in the WAF market during the forecast period

The market for the professional services segment is growing, as individuals, Small and Medium-sized Enterprises (SMEs), and large enterprises are concerned about ensuring secure access to their networking devices. Companies offering professional services provide consulting to facilitate successful deployments of WAF solutions. Professional services are required during and after the implementation of WAF solutions. These services include planning, designing, consulting, and upgrades. Consultants, user behaviour analytics experts, and dedicated project management teams help in providing professional services.

North America is expected to have the largest market size, and Asia Pacific (APAC)is projected to grow at the highest rate during the forecast period

North America tops the globe in terms of the presence of security vendors and security breach incidents. Therefore, the WAF market is dominated by North America, which is considered to be the most advanced region with regard to cyber security technology adoption and infrastructure. The world is becoming more connected and the IoT trend is gaining prominence. Awareness about the need to protect the network infrastructure is being identified as the most critical economic and security challenge in the region. The growing concern to ensure the protection of financial and sensitive data has increased government intervention in the recent years.

The APAC region is expected to witness a significant growth in WAF due to the increasing adoption of web and mobile applications for business operations in the APAC region. The APAC WAF market covers Australia, New Zealand, Japan, China, India, and Singapore. Countries across this region have a large number of SMEs, which are using traditional defense mechanism. Therefore, advanced and sophisticated threats are hard to detect.

In the process of determining and verifying the market size of several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people. The break-up of the profiles of the primary participants is as follows:


  • By Company: Tier 1 – 30%, Tier 2 – 40%, and Tier 3 – 30%

  • By Designation: C-Level – 72%, Director Level – 14%, and Others – 14%

  • By Region: North America – 57%, Europe – 14%, and APAC – 29%


The WAF market includes various major vendors, such as Imperva, Akamai Technologies, Barracuda Networks, Citrix Systems, Cloudflare, DenyAll, Ergon Informatik, F5 Networks, Fortinet, Penta Security Systems, Radware, Trustwave, and NSFOCUS.

Research Coverage

The report includes an in-depth competitive analysis of the key players in the WAF market along with their company profiles, recent developments, and key market strategies. The report segments the WAF market by component (solutions and services),organization size, industry vertical, and region.

Reasons to buy the Report:

The WAF market has been segmented on the basis of components (solutions and services), organization sizes, industry verticals, and regions.

The report will help the market leaders/new entrants in the WAF market in the following ways:


  • The overall WAF market revenue stream has been estimated based on the revenues generated by vendors, offering firewall solutions and services to IT operators, inclusive of consulting, support and maintenance, training and maintenance, and system integration services, offered by professional service providers, including Managed Service Providers (MSPs). The report provides the closest approximations of the revenue numbers for the overall market and the subsegments. The market numbers are further split into regions.

  • The report helps the stakeholders understand the pulse of the market and provides them with information on the key market drivers, restraints, challenges, and opportunities.

  • The report will help the stakeholders understand the competitors and gain more insights to better their market position. The competitive landscape section includes the competitor ecosystem, new product developments, partnerships, and mergers and acquisitions.

Web Application Firewall Market by Solution (Hardware Appliances, Virtual Appliances, Cloud-Based), Service (Professional and Managed), Organization Size (SMEs and Large Enterprises), Industry Vertical, and Region - Global Forecast to 2022

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Years Considered for the Study
1.5 Currency
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakdown of Primary Interviews
2.1.2.2 Key Industry Insights
2.2 Market Size Estimation
2.3 Microquadrant Research Methodology
2.3.1 Vendor Inclusion Criteria
2.4 Research Assumptions and Limitations
2.4.1 Research Assumptions
2.4.2 Limitations

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in the Web Application Firewall Market
4.2 Web Application Firewall Market, By Component, 2017–2022
4.3 Market, By Region, 2017–2022
4.4 Market, By Solution, 2017–2022
4.5 Market, By Service, 2017–2022
4.6 Market, By Organization Size, 2017–2022
4.7 Market, By Industry Vertical, 2017–2022
4.8 Lifecycle Analysis, By Region

5 Market Overview and Industry Trends
5.1 Web Application Firewall Solution Classification, By Hardware
5.1.1 Imperva
5.1.2 Fortinet
5.1.3 F5 Networks
5.1.4 Citrix
5.1.5 Barracuda
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Importance of Web Applications
5.2.1.2 Rising Instances of Web Attacks, Such as Cyber Theft, Espionage, Vandalism, and Fraud
5.2.1.3 Government Regulations and Need for Compliance Drive the Adoption of Waf Solutions
5.2.1.4 Technological Proliferation and Increasing Penetration of IoT
5.2.2 Restraints
5.2.2.1 High Cost of Deployment for Appliance-Based WAFS
5.2.2.2 Competition With Integrated Utm Solutions
5.2.3 Opportunities
5.2.3.1 Increasing Adoption of Cloud- and Virtual Appliance-Based WAFS
5.2.3.2 Introduction of Machine Learning/AI-Powered WAFS
5.2.3.3 Penetration in Smes
5.2.4 Challenges
5.2.4.1 Lack of Technical Expertise
5.2.4.2 Presence of Traditional Firewalls
5.3 Regulatory Implications
5.3.1 Payment Card Industry Data Security Standard (PCI–DSS)
5.3.2 Health Insurance Portability and Accountability Act (HIPAA)
5.3.3 Federal Information Security Management Act (FISMA)
5.3.4 Gramm-Leach-Bliley Act (GLBA)
5.3.5 Sarbanes-Oxley Act (SOX)
5.3.6 The International Organization for Standardization (ISO) Standard 27001
5.3.7 European Union General Data Protection Regulation (EU GDPR)
5.4 Innovation Spotlight

6 Web Application Firewall Market Analysis, By Component
6.1 Introduction
6.2 Solutions
6.3 Services

7 Web Application Firewall Market Analysis, By Solution
7.1 Introduction
7.2 Hardware Appliances
7.3 Virtual Appliances
7.4 Cloud-Based

8 Web Application Firewall Market Analysis, By Service
8.1 Introduction
8.2 Professional Services
8.2.1 Consulting
8.2.2 Support and Maintenance
8.2.3 Training and Education
8.2.4 System Integration
8.3 Managed Services

9 Web Application Firewall Market Analysis, By Organization Size
9.1 Introduction
9.2 Small and Medium-Sized Enterprises
9.3 Large Enterprises

10 Web Application Firewall Market Analysis, By Industry Vertical
10.1 Introduction
10.2 Banking, Financial Services, and Insurance
10.3 Retail
10.4 IT and Telecommunications
10.5 Government and Defense
10.6 Healthcare
10.7 Energy and Utilities
10.8 Education
10.9 Others

11 Geographic Analysis
11.1 Introduction
11.2 North America
11.3 Europe
11.4 Asia Pacific
11.5 Middle East and Africa
11.6 Latin America

12 Company Profiles
12.1 Imperva
(Overview, Strength of Product Portfolio, Business Strategy Excellence, and Recent Developments)*
12.2 Akamai
12.3 Barracuda
12.4 Citrix
12.5 Cloudflare
12.6 Denyall
12.7 Ergon Informatik
12.8 F5 Networks
12.9 Fortinet
12.10 Penta Security Systems
12.11 Radware
12.12 Trustwave
12.13 Nsfocus
*Details on Overview, Strength of Product Portfolio, Business Strategy Excellence, and Recent Developments Might Not Be Captured in Case of Unlisted Companies.
12.14 Key Innovators
12.14.1 Sophos
12.14.2 Positive Technologies
12.14.3 Stackpath
12.14.4 Zenedge
12.14.5 Qualys

13 Appendix
13.1 Discussion Guide
13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
13.3 Introducing RT: Real-Time Market Intelligence
13.4 Available Customizations
13.5 Related Reports
13.6 Author Details

List of Tables

Table 1 United States Dollar Exchange Rate, 2014–2016
Table 2 Evaluation Criteria
Table 3 Innovation Spotlight: Latest Web Application Firewall Innovations
Table 4 Web Application Firewall Market Size, By Component, 2015–2022 (USD Million)
Table 5 Solutions: Market Size, By Type, 2015–2022 (USD Million)
Table 6 Services: Market Size, By Type, 2015–2022 (USD Million)
Table 7 Solutions: Market Size, By Type, 2015–2022 (USD Million)
Table 8 Solutions: Size, By Region, 2015–2022 (USD Million)
Table 9 Hardware Appliances: Market Size, By Region, 2015–2022 (USD Million)
Table 10 Virtual Appliances: Market Size, By Region, 2015–2022 (USD Million)
Table 11 Cloud-Based: Market Size, By Region, 2015–2022 (USD Million)
Table 12 Services: Market Size, By Type, 2015–2022 (USD Million)
Table 13 Services: Market Size, By Region, 2015–2022 (USD Million)
Table 14 Professional Services: Market Size, By Region, 2015–2022 (USD Million)
Table 15 Professional Services: Market Size, By Type, 2015–2022 (USD Million)
Table 16 Consulting Market Size, By Region, 2015–2022 (USD Million)
Table 17 Support and Maintenance Market Size, By Region, 2015–2022 (USD Million)
Table 18 Training and Education Market Size, By Region, 2015–2022 (USD Million)
Table 19 System Integration Market Size, By Region, 2015–2022 (USD Million)
Table 20 Managed Services: Market Size, By Region, 2015–2022 (USD Million)
Table 21 Web Application Firewall Market Size, By Organization Size, 2015–2022 (USD Million)
Table 22 Small and Medium-Sized Enterprises: Market Size, By Region, 2015–2022 (USD Million)
Table 23 Large Enterprises: Market Size, By Region, 2015–2022 (USD Million)
Table 24 Web Application Firewall Market Size, By Industry Vertical, 2015–2022 (USD Million)
Table 25 Banking, Financial Services, and Insurance: Market Size, By Region, 2015–2022 (USD Million)
Table 26 Retail: Market Size, By Region, 2015–2022 (USD Million)
Table 27 IT and Telecommunications: Market Size, By Region, 2015–2022 (USD Million)
Table 28 Government and Defense: Market Size, By Region, 2015–2022 (USD Million)
Table 29 Healthcare: Market Size, By Region, 2015–2022 (USD Million)
Table 30 Energy and Utilities: Market Size, By Region, 2015–2022 (USD Million)
Table 31 Education: Market Size, By Region, 2015–2022 (USD Million)
Table 32 Others: Market Size, By Region, 2015–2022 (USD Million)
Table 33 Web Application Firewall Market Size, By Region, 2015–2022 (USD Million)
Table 34 North America: Market Size, By Component, 2015–2022 (USD Million)
Table 35 North America: Market Size, By Solution, 2015–2022 (USD Million)
Table 36 North America: Market Size, By Service, 2015–2022 (USD Million)
Table 37 North America: Market Size, By Professional Service, 2015–2022 (USD Million)
Table 38 North America: Market Size, By Organization Size, 2015–2022 (USD Million)
Table 39 North America: Market Size, By Industry Vertical, 2015–2022 (USD Million)
Table 40 North America: Market Size, By Country, 2015–2022 (USD Million)
Table 41 Europe: Web Application Firewall Market Size, By Component, 2015–2022 (USD Million)
Table 42 Europe: Market Size, By Solution, 2015–2022 (USD Million)
Table 43 Europe: Market Size, By Service, 2015–2022 (USD Million)
Table 44 Europe: Market Size, By Professional Service, 2015–2022 (USD Million)
Table 45 Europe: Market Size, By Organization Size, 2015–2022 (USD Million)
Table 46 Europe: Market Size, By Industry Vertical, 2015–2022 (USD Million)
Table 47 Europe: Market Size, By Country, 2015–2022 (USD Million)
Table 48 Asia Pacific: Web Application Firewall Market Size, By Component, 2015–2022 (USD Million)
Table 49 Asia Pacific: Market Size, By Solution, 2015–2022 (USD Million)
Table 50 Asia Pacific: Market Size, By Service, 2015–2022 (USD Million)
Table 51 Asia Pacific: Market Size, By Professional Service, 2015–2022 (USD Million)
Table 52 Asia Pacific: Market Size, By Organization Size, 2015–2022 (USD Million)
Table 53 Asia Pacific: Market Size, By Industry Vertical, 2015–2022 (USD Million)
Table 54 Asia Pacific: Market Size, By Country, 2015–2022 (USD Million)
Table 55 Middle East and Africa: Web Application Firewall Market Size, By Component, 2015–2022 (USD Million)
Table 56 Middle East and Africa: Market Size, By Solution, 2015–2022 (USD Million)
Table 57 Middle East and Africa: Market Size, By Service, 2015–2022 (USD Million)
Table 58 Middle East and Africa: Market Size, By Professional Service, 2015–2022 (USD Million)
Table 59 Middle East and Africa: Market Size, By Organization Size, 2015–2022 (USD Million)
Table 60 Middle East and Africa: Market Size, By Industry Vertical, 2015–2022 (USD Million)
Table 61 Middle East: Web Application Firewall Market Size, By Country, 2015–2022 (USD Million)
Table 62 Latin America: Market Size, By Component, 2015–2022 (USD Million)
Table 63 Latin America: Market Size, By Solution, 2015–2022 (USD Million)
Table 64 Latin America: Market Size, By Service, 2015–2022 (USD Million)
Table 65 Latin America: Market Size, By Professional Service, 2015–2022 (USD Million)
Table 66 Latin America: Market Size, By Organization Size, 2015–2022 (USD Million)
Table 67 Latin America: Market Size, By Industry Vertical, 2015–2022 (USD Million)
Table 68 Latin America: Web Application Firewall Market Size, By Country, 2015–2022 (USD Million)

List of Figures

Figure 1 Global Web Application Firewall Market: Market Segmentation
Figure 2 Global Market: Research Design
Figure 3 Data Triangulation
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Web Application Firewall Market: Assumptions
Figure 7 Government and Defense Industry Vertical is Estimated to Hold the Largest Market Share in 2017 in the Industry Vertical Segment
Figure 8 North America is Estimated to Hold the Largest Market Share in 2017
Figure 9 Stringent Government Regulations and Need for Compliance Across the Globe are Expected to Boost the Web Application Firewall Market
Figure 10 Services Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 11 Asia Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 12 Cloud-Based Solution is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 13 Training and Education Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 14 Small and Medium-Sized Enterprises Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 15 Banking, Financial Services, and Insurance Industry Vertical is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 16 The Web Application Firewall Market has Immense Opportunities for Growth in Asia Pacific
Figure 17 Web Application Firewall Market: Drivers, Restraints, Opportunities, and Challenges
Figure 18 Major Cyber-Attack Types, 2015 vs 2016
Figure 19 Services Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 20 Cloud-Based Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 21 Managed Services Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 22 Training and Education Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 23 Small and Medium-Sized Enterprises Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 24 Banking, Financial Services, and Insurance Industry Vertical is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 25 Asia-Pacific Region is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 26 Asia Pacific is Expected to Exhibit the Highest Growth Rate in the Web Application Firewall Market During the Forecast Period
Figure 27 North America: Market Snapshot
Figure 28 Asia Pacific: Market Snapshot
Figure 29 Imperva: Company Snapshot
Figure 30 Akamai: Company Snapshot
Figure 31 Barracuda: Company Snapshot
Figure 32 Citrix: Company Snapshot
Figure 33 F5 Networks: Company Snapshot
Figure 34 Fortinet: Company Snapshot
Figure 35 Radware: Company Snapshot
Figure 36 Sophos: Company Snapshot
Figure 37 Qualys: Company Snapshot

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