PRZOOM - /newswire/ -
Mountain View, CA, United States, 2014/12/10 - Convergence with multiple security and performance technologies provide greater efficacy demanded by customers, finds Frost & Sullivan - NetworkSecurity.Frost.com.
The global Web application firewall (WAF) market was once primarily driven by regulatory requirements to protect Web applications and the sensitive customer data they collect. High-profile data breaches are driving organizations to now also proactively evaluate WAF solutions as a means to minimize business risk from unprotected Web applications.
New analysis from Frost & Sullivan, Analysis of the Global Web Application Firewall Market, finds that the market earned revenues of $431.5 million in 2013 and estimates this to reach $777.3 million in 2018. The study encompasses WAF products as well as services.
“Hackers and nation states are increasingly targeting websites in an attempt to gain illicit access to enterprise networks and highly valuable digital assets,” said Frost & Sullivan Network Security Senior Industry Analyst Chris Rodriguez. “Since Web applications present a number of unique security challenges that require purpose-built security solutions, such high profile data breaches have piqued the demand for WAF systems.”
While the market is poised for growth, large-scale adoption remains slow due to the technology’s reputation as an enterprise-only solution requiring a high level of technical expertise. The recollection of technical challenges and costs associated with early WAF solutions has limited WAF adoption to date. Potential customers are hesitant to deploy WAF fearing that they lack the time, expertise and budgets necessary.
WAF vendors are working to dispel these perceptions by simplifying usability, improving detection accuracy, and offering WAF services. As interest in WAF solutions resurges, companies will consider the Web experience from a holistic perspective that incorporates elements of security, performance and availability.
“WAF has convergence benefits with related Web technologies such as distributed denial of service mitigation, as well as non-security Web technologies such as load balancing and content distribution network services,” observed Rodriguez. “Hence, WAF vendors must collaborate with associated Web technology solution providers, spanning multiple areas of expertise, to stay competitive in the global WAF market.”
Analysis of the Global Web Application Firewall Market is part of the Network Security Technologies (networksecurity.frost.com) Growth Partnership Service program. Frost & Sullivan’s related studies include: Global Secure Sockets Layer (SSL) Certification Market, Endpoint Security Market, Global Distributed Denial of Service (DDoS) Mitigation Market, and North American Managed Security Services Market. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.
About Frost & Sullivan
Frost & Sullivan, 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
Analysis of the Global Web Application Firewall Market / NE28-74