According to the recent study the web application firewall market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 17% to 19% from 2023 to 2028. Growth in this market is primarily driven by increasing cases of web attacks, augmented market for cloud-based solutions, and growing number of connected devices.
Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in web application firewall market by deployment model (on-premise and cloud), organisation size (large enterprises and SMEs), component (solution and service), end use industry (banking, financial services and insurance, retail, IT and telecommunications, government, defense, healthcare, energy and utilities, education, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
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“Cloud market is expected to remain the largest segment during the forecast period.”
Based on deployment model, the web application firewall market is segmented into on-premise and cloud. Lucintel forecasts that the cloud market is expected to remain the largest segment due to the increased adoption of cloud computing technology and rising requirement for solutions like protecting and safeguarding the network without virtual private network by cloud.
“Within the web application firewall market, the healthcare segment is expected to remain the largest end use industry”
Based on end use industry the healthcare segment is expected to witness the highest growth over the forecast period due to the rising prevention of unauthorized access to critical healthcare networks and increasing requirement to protect electronic patient records through Wi-Fi-enabled equipment.
“North America will dominate the web application firewall market in near future”
North America will remain the largest region due to the