Rising Security Investments Leading to Defined Growth in the Global Web Application Firewall (WAF) Market: TechNavio Report
The key vendors in the Global Web Application Firewall (WAF) Market are Cisco Systems Inc., Citrix Systems Inc., F5 Networks Inc., Fortinet Inc., Imperva Inc., Juniper Networks Inc. and Palo Alto Networks Inc.
London, 26 August 2014: TechNavio, an independent tech-focused global research firm, announced today the publication of its market research report on the Global Web Application Firewall Market 2014-2018. The market is expected to grow at a CAGR of 17.92 percent during 2013-2018. Rise in e-commerce is one of the major factors driving the market through aspects like business information sharing, business transactions, and maintaining business relationships.
A WAF is a software or hardware solution developed to monitor and control network traffic on web-enabled applications. It is used to create a secure barrier between a system and its external environment and provides web protection from many attacks types such as DT, SQLi, XSS, and RFI at the application layer of the Open System Interconnection model. It blocks known vulnerabilities or attempts to exploit a system by shortening the window of exposure and thoroughly testing and deploying patches.
"Governments' need to prevent cyberterrorism has led to the adoption of effective and potent WAFs, which is contributing to the market's growth," says Faisal Ghaus, Vice President of TechNavio Research.
"This concern coupled with the use of web applications has intensified the trend towards virtualization, cloud computing, and enterprise mobility."
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.