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Growing Use of Web Applications in Asia-Pacific Businesses Spurs Installation of Web Application Firewalls Finds Frost & Sullivan - Standalone WAF solutions likely to remain popular over the next few years - NetworkSecurity.frost.com
Growing Use of Web Applications in Asia-Pacific Businesses Spurs Installation of Web Application Firewalls Finds Frost & Sullivan

 

PRZOOM - /newswire/ - Singapore, Singapore, 2013/06/13 - Standalone WAF solutions likely to remain popular over the next few years - NetworkSecurity.frost.com.

   
 
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The increasing use of web applications in enterprises, along with the rise in cyber attacks and regulatory requirements, has lent momentum to the web application firewall (WAF) market in Asia-Pacific. While standalone WAF dominates the market, the integration of WAF with other platforms will become popular as well.

New analysis from Frost & Sullivan (networksecurity.frost.com), Asia-Pacific Web Application Firewall Market, finds that the market earned revenues of more than US$103.1 million in 2012 and estimates this to reach US$747.1 million in 2019 at a compound annual growth rate of 32.7 percent. China is expected to surpass South Korea and become the largest WAF market, even as the markets in Indonesia and Australia grow significantly.The proliferation of mobile devices and cloud computing technology in the workplace has heightened enterprise reliance on web applications to drive business processes.

"Hence, the need to secure web infrastructure, avoid website downtime issues and, thereby, reduce costs and ensure business continuity has encouraged the installation of WAF systems in companies in the Asia-Pacific," said Frost & Sullivan Information and Communication Technologies Industry Manager Cathy Huang. "The vulnerability of web applications to sophisticated cyber attacks has further prompted organizations across verticals, including in government and financial institutions, to turn to WAF solutions for security."

Regulations have contributed to the development of the WAF market in Asia-Pacific. Moreover, local policies regarding the protection of personal information have made it necessary for firms to adopt WAF, particularly in Japan and South Korea.

However, these mandates have also given rise to the perception that WAF is merely an obligation for compliance and not a necessary tool to protect web applications against attacks. As a result, several companies prefer WAF technology as a minor feature rather than a dedicated application.

The impression among organizations that WAF solutions are technically inadequate to protect from cyber attacks, along with the complexity involved in the management of WAF, has slowed down uptake too. Insufficient budgets hinder sales in less mature markets such as India. Therefore, educating businesses on the role of WAF in mitigating attacks is crucial for market expansion.

"The ability of vendors to provide cost-effective WAF solutions as well as WAF-as-a-service will be a critical differentiator for success in the Asia-Pacific market," remarked Huang. "Managed WAF services will become prominent in the coming years, offering added opportunities for security vendors and service providers in the region."

If you are interested in more information on this research, please send an email to Donna Jeremiah, Corporate Communications, at djeremiah[.]frost.com, with your full name, company name, job title, telephone number, company email address, company website, city, state and country.

Asia-Pacific Web Application Firewall Market is part of the Network Security Technologies Growth Partnership Service program. Frost & Sullivan’s related research services include: APAC Network Security Market, APAC Managed Security Services Market, APAC Distributed Denial of Services Protection Market, and APAC Application Delivery Controller Market. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan
Frost & Sullivan (frost.com), the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us: Start the discussion | Join Us: Join our community | Subscribe: Newsletter on "the next big thing" | Register: Gain access to visionary innovation

Asia-Pacific Web Application Firewall Market / P703-74

 
 
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Growing Use of Web Applications in Asia-Pacific Businesses Spurs Installation of Web Application Firewalls Finds Frost & Sullivan

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