The Web Application Firewall Market size was valued at USD 5.69 billion in 2022. It is expected to hit USD 23.19 billion by 2030 and grow at a CAGR of 19.2% over the forecast period of 2023-2030.
The Web Application Firewall (WAF) industry is being positively impacted by a number of important issues, including rapid digitization, the rising frequency of cyberattacks, and internet fraud on a global scale. A bright outlook for the market is also being created by the growing usage of WAF by several enterprises to stop malware, phishing, and security concerns. Along with this, the market is being driven by the increased use of firewalls in the healthcare sector to guard against unwanted access to vital healthcare networks and electronic patient information via Wi-Fi-enabled devices. The FBI's Internet Crime Complaint Center received a staggering 847,370 reports regarding cyberattacks and malicious online behavior, which ultimately led to damages amounting to nearly $6.87 billion. Moreover, cloud-based Web Application Firewall (WAF) solutions provide companies with an extensive array of services. These services encompass threat intelligence, caching, malware detection, access control, as well as bot detection and enforcement. Additionally, the market is growing due to advancements in the information technology (IT) infrastructure and rising spending by top market players in research and development (R&D) activities.
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Market Definition
The Web Application Firewall (WAF) is designed to enhance the security level of HTTP or online interactions. Its primary function is to identify and prevent potential threats that could compromise a system by following a predefined set of rules. Additionally, it is utilized for network traffic control and monitoring in web-enabled applications. Acting as a robust barrier, this firewall effectively shields a system from external threats, providing comprehensive online protection against various attack types such as XSS, SQL injection, cross-site scripting, DT, and RFI. It operates at the application layer of the open system interconnection paradigm.
Drivers
Technological development and rising IoT use.
Strict industry standards and regulations, as well as an expanding market for cloud-based solutions.
As the world becomes more and more linked, technologies like IoT are being used in a wider range of end-user applications. increasing awareness of and the necessity for network and online application infrastructure protection. TVs, smartphones, and printers are just a few of the gadgets that are becoming internet-connected. Organizations are using such connected devices more regularly in their processes to run their business as efficiently as possible. As the number of devices and related apps rises, the threat environment is being changed by a variety of cyberattacks and security flaws. The majority of IoT technology and developer companies are deploying and advising advanced security solutions, such as WAFs, Next-Generation Firewalls (NGFW), and Runtime Application Self-Protection (RASP), for securing their business infrastructure in order to deal with such situations, which is fueling the demand for the WAF market.
Restrains
Businesses that view runtime application self-protection as a feasible substitute
Opportunities
Growing use of WAFs based on the cloud and virtual appliances
Continuously increasing Investment in WAF technologies by Market players.
The majority of enterprises are relocating to the cloud and virtual infrastructures, which has led to an increase in security lapses and cyberattacks. Cybercriminals have begun to target web applications and websites as the number of businesses using the cloud to store and run commercial applications has rapidly increased. As a result, there is a growing demand for WAFs. As a SaaS model, a cloud-based web application firewall is provided. In this case, everything is maintained by the service provider, and the web application firewall is totally housed in the cloud. As a result, enterprises may implement and operate web application firewalls in the most straightforward manner possible because the service provider will optimize and update as required. For firms with minimal IT resources to operate and maintain their WAFs, this approach can be the best choice.
Challenges
Conventional firewalls have been installed.
The incidence of fraud, cybercrime, etc.
The heightened risk of cyberattacks could drive up the demand for cybersecurity solutions, including WAFs. Businesses may recognize the need to fortify their web applications against potential attacks and vulnerabilities, leading to increased adoption of WAF technologies. In response to increased cyber threats or concerns related to the conflict, governments or regulatory bodies might introduce new cybersecurity regulations or guidelines. The year 2022 witnessed a significant surge in cyberattacks. A notable incident occurred on January 13, when Microsoft reported the discovery of malware targeting the Ukrainian government, along with several non-profit and IT organizations. The gravity of the situation escalated the next day, as hackers successfully gained temporary control over 70 official government websites, including those belonging to the Cabinet of Ministers, Ministries of Defense, Foreign Affairs, Education, and Science. The Ukrainian Ministry of Digital Transformation promptly attributed the blame to Russia.
This could prompt organizations to adopt WAFs and other cybersecurity measures to ensure compliance. The escalating conflict might drive innovation in the field of cybersecurity, including WAF technology. Companies might invest more in research and development to enhance the capabilities of WAF solutions, leading to the introduction of more advanced and effective products. Geopolitical conflicts can have broader economic repercussions. If the Russia-Ukraine war leads to economic instability or market fluctuations, it could impact IT budgets and spending priorities, which in turn could affect the demand for WAF solutions.
Impact of Recession
During a recession, businesses often tighten their budgets and cut down on discretionary spending, including investments in cybersecurity solutions like WAFs. This could lead to a slowdown in new purchases and installations of WAF solutions. Companies may delay or cancel IT projects, including those related to upgrading or enhancing their web security infrastructure. This could lead to a decline in demand for WAF products and services. The impact of a recession on the WAF market can vary across different industry verticals. Sectors like finance, healthcare, and e-commerce may continue to prioritize cybersecurity investments due to the critical nature of their online operations. On the other hand, industries that are hit hardest by the recession may significantly cut back on all types of expenditures, including cybersecurity. In 2022, the Federal Bureau of Investigation (FBI) operates the Internet Crime Complaint Center (IC3) received 800,944 complaints, marking a 5 percent decrease compared to 2021. Surprisingly, despite this decline, the potential total loss has surged from $6.9 billion in 2021 to an alarming figure of over $10.2 billion in 2022. If the recession accelerates trends like cloud migration and remote work, there could be an increased need for WAF solutions to secure web applications and data in a distributed environment. However, this might not completely offset the overall impact of reduced spending.
Some WAF providers offer subscription-based models which could be more appealing to organizations during a recession as they offer more predictable and manageable costs. This could somewhat mitigate the decline in demand for outright purchases. Some WAF vendors might respond to the recession by innovating and offering more cost-effective solutions or adjusting their pricing models to cater to cash-strapped businesses.
BFSI would experience faster vertical growth during the projection period.
Organizations constantly launch new and improved financial goods and services to better corporate operations and broaden their consumer base, making the sector a tempting target for scams. The financial sector is growing as a result of new businesses joining the market and current financial service companies seeing rapid expansion. This contains 24% of the share of by vertical segment. With the development of technology, mobile banking applications are widely used. Businesses in the BFSI industry vertical require security goods and services to safeguard their personnel, clients, property, offices, branches, and business processes. Web application firewall security solutions must be given top importance by BFSI companies with services like smart banking, online banking, and mobile banking. The BFSI industry vertical has been subject to attacks such as cross-site scripting, SQL injection, aggressive browsing, cookie poisoning, botnets, and DDoS. Financial service applications or the internet are used to deliver services in the BFSI industrial vertical. To counter the increasing complexity of threats, players in the network security business are creating novel protection solutions.
By Deployment Model
On-Premise
Cloud
By Organization Size
Large Enterprises
Small and Medium Enterprises
By Component
Solution
Services
By End User
BFSI
Healthcare
IT and Telecom
Manufacturing
Government and Public Sector
Retail and E-Commerce
Others
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Regional Analysis
In terms of technological breakthroughs and usage, North America holds the 67.2% market share for web application firewalls worldwide. It has a solid infrastructure and the resources to pay for web application firewall products. Additionally, the market is anticipated to grow during the forecast period due to an increase in spending in the defense sector and technical developments in the telecommunications sector. The web application firewall (WAF) market is driven by governmental laws pertaining to data security. The market is expected to be propelled by services such as cloud applications and security information. Moreover, the presence of market leaders like Imperva, F5, Akamai, Citrix, Barracuda, and Fortinet, along with their diverse product offerings, further invigorate the market in this domain. Furthermore, market participants can expect profitable prospects due to the growth of artificial intelligence and online application use. Additionally, during the projected period, the entry of new industry players will promote market expansion.
Due to the region's robust economic growth, globalization, digitalization, and rising internet usage, the Asia Pacific market is anticipated to grow at the quickest rate globally during the course of the forecast period. Due to the overwhelming use of traditional defense systems by SMEs in this region, it is challenging to recognize sophisticated and advanced threats. Security companies focus on creating new products as a result. Growing business complexity, improved customer awareness of the benefits of WAF products, and increased internet usage are all predicted to force SMEs in the region to employ advanced WAF services and solutions.
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
The major players are Security Systems, Oracle, Barracuda Fortinet, Inc., Citrix Systems, Inc., Applicure Technologies Ltd., Cloudflare, Inc., Radware Ltd., Akamai Technologies, F5 Networks, Inc., Imperva, Inc., AWS, Qualys, Inc., Networks, Inc., Barracuda, Rohde & Schwarz, Positive Technologies, Qualys, Wallarm, StackPath, Cloudflare, Reblaze, and others in final report.
In April 2022, Radware and Entelar, a New Zealand-based IT distributor, reached a distribution agreement. The agreement stipulates that Entelar will offer Radware's application and network security solutions, including web application firewall, bot manager, API security, and DDoS protection solutions, to businesses in New Zealand.
With the addition of Radware's cloud-based bot management, cloud-based WAF, and cloud-based DDoS protection services in November 2021, Radware and MNIT's partnership was expanded.In August 2022, Radware has recently strengthened its partnership with INAP, a move aimed at enhancing INAP's product portfolio and ensuring compliance with rigorous cybersecurity protocols. As part of this collaboration, INAP will now provide businesses across various sectors, such as healthcare, entertainment & gaming, financial services, SaaS, and ISF, with Radware's cutting-edge Cloud web application firewall and DDoS Protection Services. This expanded offering will empower organizations to fortify their online presence and safeguard their critical assets from malicious attacks.
| Report Attributes | Details |
| Market Size in 2022 | US$ 5.69 Bn |
| Market Size by 2030 | US$ 23.19 Bn |
| CAGR | CAGR of 19.2 % From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2019-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Deployment Model (On-Premise, Cloud) • By Organization Size (Large Enterprises, Small and Medium Enterprises) • By Component (Solution, Services) • By End User (BFSI, Healthcare, IT and Telecom, Manufacturing, Government and Public Sector, Retail and E-Commerce, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | Security Systems, Oracle, Barracuda Fortinet, Inc., Citrix Systems, Inc., Applicure Technologies Ltd., Cloudflare, Inc., Radware Ltd., Akamai Technologies, F5 Networks, Inc., Imperva, Inc., AWS, Qualys, Inc., Networks, Inc., Barracuda, Rohde & Schwarz, Positive Technologies, Qualys, Wallarm, StackPath, Cloudflare, Reblaze, |
| Key Drivers | • Technological development and rising IoT use. • Strict industry standards and regulations, as well as an expanding market for cloud-based solutions |
| Market Restraints | • Businesses that view runtime application self-protection as a feasible substitute |
Ans: The value of the Web Application Firewall Market is 5.69 billion in 2022.
Ans. The CAGR of the Web Application Firewall Market is 19.2 %.
ANS: Yes, you can ask for the customization as pas per your business requirement.
Ans. The forecast period of the Web Application Firewall Market is 2022-2030.
Ans: Four segments are covered in the Web Application Firewall Market Report, By Deployment Model, By Organization Size, By Component, By End User.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Web Application Firewall Market Segmentation, By Deployment Model
8.1 On-Premise
8.2 Cloud
9. Web Application Firewall Market Segmentation, By Organizational Size
9.1 Small & Medium Enterprises
9.2 Large Enterprises
10. Web Application Firewall Market Segmentation, By Component
10.1 Solution
10.2 Services
11. Web Application Firewall Market Segmentation, By End User
11.1 BFSI
11.2 Healthcare
11.3 IT and Telecom
11.4 Manufacturing
11.5 Government and Public Sector
11.6 Retail and E-Commerce
11.7 Others
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 North America Web Application Firewall Market By Country
12.2.2 North America Web Application Firewall Market By Deployment Model
12.2.3 North America Web Application Firewall Market By Organizational Size
12.2.4 North America Web Application Firewall Market By Component
12.2.5 North America Web Application Firewall Market By End User
12.2.6 USA
12.2.6.1 USA Web Application Firewall Market By Deployment Model
12.2.6.2 USA Web Application Firewall Market By Organizational Size
12.2.6.3 USA Web Application Firewall Market By Component
12.2.6.4 USA Web Application Firewall Market By End User
12.2.7 Canada
12.2.7.1 Canada Web Application Firewall Market By Deployment Model
12.2.7.2 Canada Web Application Firewall Market By Organizational Size
12.2.7.3 Canada Web Application Firewall Market By Component
12.2.7.4 Canada Web Application Firewall Market By End User
12.2.8 Mexico
12.2.8.1 Mexico Web Application Firewall Market By Deployment Model
12.2.8.2 Mexico Web Application Firewall Market By Organizational Size
12.2.8.3 Mexico Web Application Firewall Market By Component
12.2.8.4 Mexico Web Application Firewall Market By End User
12.3 Europe
12.3.1 Eastern Europe
12.3.1.1 Eastern Europe Web Application Firewall Market By Country
12.3.1.2 Eastern Europe Web Application Firewall Market By Deployment Model
12.3.1.3 Eastern Europe Web Application Firewall Market By Organizational Size
12.3.1.4 Eastern Europe Web Application Firewall Market By Component
12.3.1.5 Eastern Europe Web Application Firewall Market By End User
12.3.1.6 Poland
12.3.1.6.1 Poland Web Application Firewall Market By Deployment Model
12.3.1.6.2 Poland Web Application Firewall Market By Organizational Size
12.3.1.6.3 Poland Web Application Firewall Market By Component
12.3.1.6.4 Poland Web Application Firewall Market By End User
12.3.1.7 Romania
12.3.1.7.1 Romania Web Application Firewall Market By Deployment Model
12.3.1.7.2 Romania Web Application Firewall Market By Organizational Size
12.3.1.7.3 Romania Web Application Firewall Market By Component
12.3.1.7.4 Romania Web Application Firewall Market By End User
12.3.1.8 Hungary
12.3.1.8.1 Hungary Web Application Firewall Market By Deployment Model
12.3.1.8.2 Hungary Web Application Firewall Market By Organizational Size
12.3.1.8.3 Hungary Web Application Firewall Market By Component
12.3.1.8.4 Hungary Web Application Firewall Market By End User
12.3.1.9 Turkey
12.3.1.9.1 Turkey Web Application Firewall Market By Deployment Model
12.3.1.9.2 Turkey Web Application Firewall Market By Organizational Size
12.3.1.9.3 Turkey Web Application Firewall Market By Component
12.3.1.9.4 Turkey Web Application Firewall Market By End User
12.3.1.10 Rest of Eastern Europe
12.3.1.10.1 Rest of Eastern Europe Web Application Firewall Market By Deployment Model
12.3.1.10.2 Rest of Eastern Europe Web Application Firewall Market By Organizational Size
12.3.1.10.3 Rest of Eastern Europe Web Application Firewall Market By Component
12.3.1.10.4 Rest of Eastern Europe Web Application Firewall Market By End User
12.3.2 Western Europe
12.3.2.1 Western Europe Web Application Firewall Market By Country
12.3.2.2 Western Europe Web Application Firewall Market By Deployment Model
12.3.2.3 Western Europe Web Application Firewall Market By Organizational Size
12.3.2.4 Western Europe Web Application Firewall Market By Component
12.3.2.5 Western Europe Web Application Firewall Market By End User
12.3.2.6 Germany
12.3.2.6.1 Germany Web Application Firewall Market By Deployment Model
12.3.2.6.2 Germany Web Application Firewall Market By Organizational Size
12.3.2.6.3 Germany Web Application Firewall Market By Component
12.3.2.6.4 Germany Web Application Firewall Market By End User
12.3.2.7 France
12.3.2.7.1 France Web Application Firewall Market By Deployment Model
12.3.2.7.2 France Web Application Firewall Market By Organizational Size
12.3.2.7.3 France Web Application Firewall Market By Component
12.3.2.7.4 France Web Application Firewall Market By End User
12.3.2.8 UK
12.3.2.8.1 UK Web Application Firewall Market By Deployment Model
12.3.2.8.2 UK Web Application Firewall Market By Organizational Size
12.3.2.8.3 UK Web Application Firewall Market By Component
12.3.2.8.4 UK Web Application Firewall Market By End User
12.3.2.9 Italy
12.3.2.9.1 Italy Web Application Firewall Market By Deployment Model
12.3.2.9.2 Italy Web Application Firewall Market By Organizational Size
12.3.2.9.3 Italy Web Application Firewall Market By Component
12.3.2.9.4 Italy Web Application Firewall Market By End User
12.3.2.10 Spain
12.3.2.10.1 Spain Web Application Firewall Market By Deployment Model
12.3.2.10.2 Spain Web Application Firewall Market By Organizational Size
12.3.2.10.3 Spain Web Application Firewall Market By Component
12.3.2.10.4 Spain Web Application Firewall Market By End User
12.3.2.11 Netherlands
12.3.2.11.1 Netherlands Web Application Firewall Market By Deployment Model
12.3.2.11.2 Netherlands Web Application Firewall Market By Organizational Size
12.3.2.11.3 Netherlands Web Application Firewall Market By Component
12.3.2.11.4 Netherlands Web Application Firewall Market By End User
12.3.2.12 Switzerland
12.3.2.12.1 Switzerland Web Application Firewall Market By Deployment Model
12.3.2.12.2 Switzerland Web Application Firewall Market By Organizational Size
12.3.2.12.3 Switzerland Web Application Firewall Market By Component
12.3.2.12.4 Switzerland Web Application Firewall Market By End User
12.3.2.13 Austria
12.3.2.13.1 Austria Web Application Firewall Market By Deployment Model
12.3.2.13.2 Austria Web Application Firewall Market By Organizational Size
12.3.2.13.3 Austria Web Application Firewall Market By Component
12.3.2.13.4 Austria Web Application Firewall Market By End User
12.3.2.14 Rest of Western Europe
12.3.2.14.1 Rest of Western Europe Web Application Firewall Market By Deployment Model
12.3.2.14.2 Rest of Western Europe Web Application Firewall Market By Organizational Size
12.3.2.14.3 Rest of Western Europe Web Application Firewall Market By Component
12.3.2.14.4 Rest of Western Europe Web Application Firewall Market By End User
12.4 Asia-Pacific
12.4.1 Asia Pacific Web Application Firewall Market By Country
12.4.2 Asia Pacific Web Application Firewall Market By Deployment Model
12.4.3 Asia Pacific Web Application Firewall Market By Organizational Size
12.4.4 Asia Pacific Web Application Firewall Market By Component
12.4.5 Asia Pacific Web Application Firewall Market By End User
12.4.6 China
12.4.6.1 China Web Application Firewall Market By Deployment Model
12.4.6.2 China Web Application Firewall Market By Organizational Size
12.4.6.3 China Web Application Firewall Market By Component
12.4.6.4 China Web Application Firewall Market By End User
12.4.7 India
12.4.7.1 India Web Application Firewall Market By Deployment Model
12.4.7.2 India Web Application Firewall Market By Organizational Size
12.4.7.3 India Web Application Firewall Market By Component
12.4.7.4 India Web Application Firewall Market By End User
12.4.8 Japan
12.4.8.1 Japan Web Application Firewall Market By Deployment Model
12.4.8.2 Japan Web Application Firewall Market By Organizational Size
12.4.8.3 Japan Web Application Firewall Market By Component
12.4.8.4 Japan Web Application Firewall Market By End User
12.4.9 South Korea
12.4.9.1 South Korea Web Application Firewall Market By Deployment Model
12.4.9.2 South Korea Web Application Firewall Market By Organizational Size
12.4.9.3 South Korea Web Application Firewall Market By Component
12.4.9.4 South Korea Web Application Firewall Market By End User
12.4.10 Vietnam
12.4.10.1 Vietnam Web Application Firewall Market By Deployment Model
12.4.10.2 Vietnam Web Application Firewall Market By Organizational Size
12.4.10.3 Vietnam Web Application Firewall Market By Component
12.4.10.4 Vietnam Web Application Firewall Market By End User
12.4.11 Singapore
12.4.11.1 Singapore Web Application Firewall Market By Deployment Model
12.4.11.2 Singapore Web Application Firewall Market By Organizational Size
12.4.11.3 Singapore Web Application Firewall Market By Component
12.4.11.4 Singapore Web Application Firewall Market By End User
12.4.12 Australia
12.4.12.1 Australia Web Application Firewall Market By Deployment Model
12.4.12.2 Australia Web Application Firewall Market By Organizational Size
12.4.12.3 Australia Web Application Firewall Market By Component
12.4.12.4 Australia Web Application Firewall Market By End User
12.4.13 Rest of Asia-Pacific
12.4.13.1 Rest of Asia-Pacific Web Application Firewall Market By Deployment Model
12.4.13.2 Rest of Asia-Pacific Web Application Firewall Market By Organizational Size
12.4.13.3 Rest of Asia-Pacific Web Application Firewall Market By Component
12.4.13.4 Rest of Asia-Pacific Web Application Firewall Market By End User
12.5 Middle East & Africa
12.5.1 Middle East
12.5.1.1 Middle East Web Application Firewall Market By Country
12.5.1.2 Middle East Web Application Firewall Market By Deployment Model
12.5.1.3 Middle East Web Application Firewall Market By Organizational Size
12.5.1.4 Middle East Web Application Firewall Market By Component
12.5.1.5 Middle East Web Application Firewall Market By End User
12.5.1.6 UAE
12.5.1.6.1 UAE Web Application Firewall Market By Deployment Model
12.5.1.6.2 UAE Web Application Firewall Market By Organizational Size
12.5.1.6.3 UAE Web Application Firewall Market By Component
12.5.1.6.4 UAE Web Application Firewall Market By End User
12.5.1.7 Egypt
12.5.1.7.1 Egypt Web Application Firewall Market By Deployment Model
12.5.1.7.2 Egypt Web Application Firewall Market By Organizational Size
12.5.1.7.3 Egypt Web Application Firewall Market By Component
12.5.1.7.4 Egypt Web Application Firewall Market By End User
12.5.1.8 Saudi Arabia
12.5.1.8.1 Saudi Arabia Web Application Firewall Market By Deployment Model
12.5.1.8.2 Saudi Arabia Web Application Firewall Market By Organizational Size
12.5.1.8.3 Saudi Arabia Web Application Firewall Market By Component
12.5.1.8.4 Saudi Arabia Web Application Firewall Market By End User
12.5.1.9 Qatar
12.5.1.9.1 Qatar Web Application Firewall Market By Deployment Model
12.5.1.9.2 Qatar Web Application Firewall Market By Organizational Size
12.5.1.9.3 Qatar Web Application Firewall Market By Component
12.5.1.9.4 Qatar Web Application Firewall Market By End User
12.5.1.10 Rest of Middle East
12.5.1.10.1 Rest of Middle East Web Application Firewall Market By Deployment Model
12.5.1.10.2 Rest of Middle East Web Application Firewall Market By Organizational Size
12.5.1.10.3 Rest of Middle East Web Application Firewall Market By Component
12.5.1.10.4 Rest of Middle East Web Application Firewall Market By End User
12.5.2. Africa
12.5.2.1 Africa Web Application Firewall Market By Country
12.5.2.2 Africa Web Application Firewall Market By Deployment Model
12.5.2.3 Africa Web Application Firewall Market By Organizational Size
12.5.2.4 Africa Web Application Firewall Market By Component
12.5.2.5 Africa Web Application Firewall Market By End User
12.5.2.6 Nigeria
12.5.2.6.1 Nigeria Web Application Firewall Market By Deployment Model
12.5.2.6.2 Nigeria Web Application Firewall Market By Organizational Size
12.5.2.6.3 Nigeria Web Application Firewall Market By Component
12.5.2.6.4 Nigeria Web Application Firewall Market By End User
12.5.2.7 South Africa
12.5.2.7.1 South Africa Web Application Firewall Market By Deployment Model
12.5.2.7.2 South Africa Web Application Firewall Market By Organizational Size
12.5.2.7.3 South Africa Web Application Firewall Market By Component
12.5.2.7.4 South Africa Web Application Firewall Market By End User
12.5.2.8 Rest of Africa
12.5.2.8.1 Rest of Africa Web Application Firewall Market By Deployment Model
12.5.2.8.2 Rest of Africa Web Application Firewall Market By Organizational Size
12.5.2.8.3 Rest of Africa Web Application Firewall Market By Component
12.5.2.8.4 Rest of Africa Web Application Firewall Market By End User
12.6. Latin America
12.6.1 Latin America Web Application Firewall Market By Country
12.6.2 Latin America Web Application Firewall Market By Deployment Model
12.6.3 Latin America Web Application Firewall Market By Organizational Size
12.6.4 Latin America Web Application Firewall Market By Component
12.6.5 Latin America Web Application Firewall Market By End User
12.6.6 Brazil
12.6.6.1 Brazil Web Application Firewall Market By Deployment Model
12.6.6.2 Brazil Web Application Firewall Market By Organizational Size
12.6.6.3 Brazil Web Application Firewall Market By Component
12.6.6.4 Brazil Web Application Firewall Market By End User
12.6.7 Argentina
12.6.7.1 Argentina Web Application Firewall Market By Deployment Model
12.6.7.2 Argentina Web Application Firewall Market By Organizational Size
12.6.7.3 Argentina Web Application Firewall Market By Component
12.6.7.4 Argentina Web Application Firewall Market By End User
12.6.8 Colombia
12.6.8.1 Colombia Web Application Firewall Market By Deployment Model
12.6.8.2 Colombia Web Application Firewall Market By Organizational Size
12.6.8.3 Colombia Web Application Firewall Market By Component
12.6.8.4 Colombia Web Application Firewall Market By End User
12.6.9 Rest of Latin America
12.6.9.1 Rest of Latin America Web Application Firewall Market By Deployment Model
12.6.9.2 Rest of Latin America Web Application Firewall Market By Organizational Size
12.6.9.3 Rest of Latin America Web Application Firewall Market By Component
12.6.9.4 Rest of Latin America Web Application Firewall Market By End User
13 Company Profile
13.1 Cloudflare, Inc
13.1.1 Company Overview
13.1.2 Financials
13.1.3 Product/Services/Offerings
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 F5 Networks, Inc.
13.2.1 Company Overview
13.2.2 Financials
13.2.3 Product/Services/Offerings
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 Barracuda Networks, Inc.
13.3.1 Company Overview
13.3.2 Financials
13.3.3 Product/Services/Offerings
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 Imperva, Inc.
13.4.1 Company Overview
13.4.2 Financials
13.4.3 Product/Services/Offerings
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 Akamai Technologies
13.5.1 Company Overview
13.5.2 Financials
13.5.3 Product/Services/Offerings
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 Qualys, Inc.
13.6.1 Company Overview
13.6.2 Financials
13.6.3 Product/Services/Offerings
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Citrix Systems, Inc.
13.7.1 Company Overview
13.7.2 Financials
13.7.3 Product/Services/Offerings
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 Barracuda.
13.8.1 Company Overview
13.8.2 Financials
13.8.3 Product/Services/Offerings
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 Rohde & Schwarz.
13.9.1 Company Overview
13.9.2 Financials
13.9.3 Product/Services/Offerings
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 Oracle.
13.10.1 Company Overview
13.10.2 Financials
13.10.3 Product/Services/Offerings
13.10.4 SWOT Analysis
13.10.5 The SNS View
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3 Mergers & Acquisitions
15. USE Cases and Best Practices
16. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
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The Digital Lending Platform Market size was valued at USD 13.18 Bn in 2022 and is expected to reach USD 34.07 Bn by 2030, and grow at a CAGR of 12.6% over the forecast period 2023-2030.
The Online Grocery Market size was valued at USD 358.77 Bn in 2022 and is expected to reach USD 2002 Bn by 2030, and grow at a CAGR of 23.98 % over the forecast period 2023-2030.
The Private Cloud Services Market size was valued at USD 6.1 Billion in 2023 and is expected to reach USD 25.9 Billion by 2031 and grow at a CAGR of 19.8% over the forecast period 2024-2031.
The Trade Management Software Market size was valued at USD 1.25 billion in 2022 and is expected to grow to USD 2.70 billion by 2030 and grow at a CAGR of 10.12 % over the forecast period of 2023-2030.
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