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Penta Security, Imperva, F5 Networks and NSFOCUS Identified As Champions in the Asia Pacific Web Application Firewall Frost IQ Matrix - The need to interact with the Internet safely and efficiently to enhance their business operations is driving the adoption of Web Application Firewalls amongst enterprise users - Frost.com
Penta Security, Imperva, F5 Networks and NSFOCUS Identified As Champions in the Asia Pacific Web Application Firewall Frost IQ Matrix

 

PRZOOM - /newswire/ - Singapore , Singapore, 2015/08/19 - The need to interact with the Internet safely and efficiently to enhance their business operations is driving the adoption of Web Application Firewalls amongst enterprise users - Frost.com.

   
 
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The Internet continues to see an increase in the number of threats attacking web applications, which has become one of the easiest points of entry for cyber attackers to infiltrate key business networks in recent years.

The reliance on Web applications is also resulting in a growing concern over targeted threats from hackers who are using increasingly sophisticated techniques in exploiting Web application vulnerabilities. The necessity of employing the right prevention measures, offered by Web Application Firewalls (WAF) has been recognised by various industries in Asia.

Frost & Sullivan has evaluated the top ten Web Application Firewall vendors in the Asia Pacific region and assessed them using the Frost Industry Quotient (Frost IQ) matrix. The Frost IQ matrix comprises of four quadrants: Champions, Challengers, Defenders and Explorers.

The Frost Industry Quotient - Frost IQ, is a proprietary Frost & Sullivan vendor assessment tool that accurately operationalises and captures the merits and challenges faced by technology vendors in their respective segments and geographies. The tool aims to provide key decision makers with a localised yet objective perspective of the industry in a highly heterogeneous business environment.

In the Frost IQ for Asia Pacific Web Application Firewall Vendors 2015, Penta Security, Imperva, F5 Networks and NSFOCUS have been positioned in the Champions’ quadrant, based on a combination of market share performance and future growth strategies as determined by Frost & Sullivan research studies.

“Web applications are now the prime targets for cyber criminals to intrude into the organization’s resources, or for hacktivists to perform a defacement attack,” noted Charles Lim, Senior Industry Analyst, Frost & Sullivan Cyber Security practice.

“As defined in Frost & Sullivan’s Threat Response Adaptive Core Ecosystem (TRACE) concept, Web Application Firewalls are part of the key solutions for organisations to adopt in order to safeguard their web assets proactively,” Lim added.

The Asia-Pacific web application firewall market is expected to grow at a CAGR of 25.6% over the forecast period from 2014 to 2021, and is estimated to reach a total market size of US$769.6 million in 2021.

Analysis from Frost & Sullivan revealed that the Web Application Firewall market in the Asia Pacific region has become highly fragmented and competitive among local and global vendors such as South Korea-based Penta Security System, China-based NSFOCUS and global players such as Imperva, F5 Networks and Citrix System.

“Web systems are getting more vulnerable than ever, and have come to be the frequent target of hackers to try and gain access to privileged information,” noted Vu Anh Tien, Industry Analyst, Frost & Sullivan Cyber Security practice.

“This has caused an increasing number of enterprises to adopt WAF solutions to protect their web application servers, contributing to the strong double-digit growth in this security segment,” he explained.

From a future growth perspective, the WAF Frost IQ also recognises strong efforts from Citrix Systems and Barracuda Networks to strengthen its technological innovations and go-to-market strategies to solidify their market footprint in the region and seen as key challengers in the quotient.

The Frost IQ report will also address industry trends, such as regulatory factors driving the growth of WAF adoption in Asia Pacific, the competitive landscape, technology advancement and growth forecast from the present to CY 2021.

The Frost IQ (FIQ) for Asia Pacific Web Application Firewall Vendors 2015, also identifies the top 10 security companies in the Asia Pacific region. The base year of the study is CY2014. The parameters used to determine relative positioning on the FIQ matrix include market share, product/service strategy, people/skills strategy, ecosystem and business strategy.

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. 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

 
 
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Penta Security, Imperva, F5 Networks and NSFOCUS Identified As Champions in the Asia Pacific Web Application Firewall Frost IQ Matrix

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