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Web Application Firewall Market size was valued at USD 6.35 Billion in 2023. It is expected to hit USD 28.6 Billion by 2031 and grow at a CAGR of 18.2 % over the forecast period of 2024-2032.
The web application firewall (WAF) market is expected to open new growth avenues with a high impact of factors such as rapid digitization, rising frequency of cyberattacks, and the need to curb internet fraud on a global scale. The growing usage of WAF by several enterprises to stop malware, phishing, and security concerns. the market is driven by the accelerated use of firewalls in the healthcare sector to defend against access to essential healthcare networks and digital patient information through Wi-Fi-enabled devices. The FBI`s Internet Crime Complaint Center received a superb 847,370 reviews concerning cyberattacks and malicious online behaviour, which in the long run caused damages amounting to nearly $6.87 billion. Moreover, cloud-primarily based totally Web Application Firewall (WAF) answers offer corporations with an intensive array of services.
The web application firewall 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. The Australian and US governments have issued a joint advisory on the growing cyber threats to web applications and application programming interfaces (APIs). US government and cybersecurity spending, the white house launched the national cyber strategy. The department of defence is the best department to peer the sort of large increase in cybersecurity spending; most civilian organizations are bracing for budget cuts. Overall, US government cybersecurity spending by the CFO Act and non-Financial Management Act companies (except for the Department of defence) is projected to grow from $9.8 billion in 2022 to $10.9 billion in 2023. Cybercrime in the United States in 2023, the United States has one of the largest virtual populations within the international and reviews a full-size range of cyber-attacks every 12 months. According to a recent survey, nearly 60 percent of the USA's net customers have skilled a cyberattack, making it the 3rd highest cybercrime in US Global. About 294 million Internet users in the United States suffered a facts breach. Cyber intrusion become the maximum not unusual cyber-attack throughout the USA.
Drivers
The increasing number of cyberattacks such as theft, espionage, and fraud is driving the need for strong protection solutions like WAFs.
The upward thrust of cloud-based programs and the expanding Internet of Things (IoT) are creating greater capacity assault surfaces, necessitating WAF safety.
Growing government policies around data privacy and security are pushing groups to adopt WAFs for compliance.
With growing usage of internet of things (IOT) in various end-users and applications brings in the need for data security. Various devices, such as televisions, mobile devices, and printers, connect to the Internet. Organizations are increasingly using such connected devices in their processes to keep their business running optimally. As the number of devices and their associated applications grows, various cyber-attacks and security breaches are added to the threat landscape. To deal with such situations, most IoT technology and development companies adopt and recommend advanced security solutions such as WAF, Next Generation Firewall (NGFW), and Runtime Application Self-Protection (RASP) to secure their business infrastructure. thus, increasing the demand in the WAF market.
Many organizations are moving their business to the cloud and digital infrastructures, which results to various safety breaches and cyber-attacks. As many organizations use cloud offerings to run enterprise applications and save personal information, cybercriminals are increasingly more concentrated on net applications and websites. This has led to a growing need for WAFs. The cloud-based web application firewall is offered as a SaaS structure. With this option, the web application firewall resides entirely in the cloud and everything is managed by the service provider. This creates the easiest way for organizations to deploy and maintain a web application firewall, as the service provider optimizes and upgrades as needed.
Restraints
Traditional appliance-based WAFs can be expensive to deploy and maintain for some organizations.
WAFs can sometimes slow down application performance due to inspecting all traffic.
Unused applications and corporate budget constraints can hinder the market growth.
Unified Threat Management (UTM) solutions offer WAF functionality alongside other security features, creating some competition.
With the increase in data security breaches and cybercrimes, information security, especially cyber security, does not receive enough funding or attention in the workplace. In addition, companies often maintain thousands of applications that remain unused outside of essential business functions, such as product ordering or payment-related functions. These stagnant business-critical applications pose a risk because they are not updated regularly. Some small businesses fear that investing in these programs could lead to financial losses.
By Deployment Model
On-Premise
Cloud
The cloud segment held the largest percentage of the web software firewall market share in 2023, with a significant annual growth rate in the coming years. This dominance is attributed to the surging reputation of cloud-based offerings. These cloud-primarily based WAFS are normally offered as software program applications and provide a comprehensive security suite. They can protect in opposition to various threats such as malware, ransomware, phishing assaults, and even new, rising cyber threats. Unlike conventional WAFS, cloud-primarily based answers offer protection even when users aren't related to a virtual non-public community (VPN). This flexibility, combined with capabilities like risk intelligence access, content material caching, bot detection, and Denial-of-Service (DDOS) mitigation, is driving strong cloud adoption within the WAF marketplace.
By Organization Size
Large Enterprises
Small and Medium Enterprises
The large enterprise segment held a significant market share in 2023. The need to secure IT assets, protect data, and increase awareness of security breaches is driving the growth based on Organization Size, which requires the integration of WAF security into overall security measures. Various help to drive WAF in large enterprise factors such as the availability of sandbox technology, ease of deployment, and advanced detection capabilities. In addition, WAF offers advantages over next-generation network firewalls (NGFWS) and anti-intrusion systems (IPS) and provides enhanced protection for internal websites, business-critical applications, and web services, fuelling market growth. The SME segment will grow at the highest CAGR during the forecast period.
By Component
Solution
Services
By End User
BFSI
Healthcare
IT and Telecom
Manufacturing
Government and Public Sector
Retail and E-Commerce
Others
The BFSI Sector holds a Dominating share of the Web Application firewall market by vertical segment, more than 28%. 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 such as 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.
The healthcare segment is Projected to grow with the highest CAGR for the duration of the forecast (2024-2032). Firewalls are essential for shielding electronic health facts (EHR) and protected fitness statistics (PHI) from malware and different community threats and are the primary line of defence for hospital networks. Healthcare has more devices than just cell phones and computers that connect to the web. Wi-Fi-connected medical devices use the network to collect patient data and monitor health status, making them vulnerable to cyberattacks by hackers.
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Regional Analysis
In terms of technological breakthroughs and usage, North America holds the largest Web Application Firewall market share worldwide at more than 42% in 2023. It has a solid infrastructure and the resources to pay for web application firewall products. The web application firewall market is predicted to grow at some stage in the forecast period because of a boom in spending within the defence sector and technical traits within the telecommunications sector. The market is expected to be driven by services such as cloud applications and security information. Moreover, the presence of market leaders such as Imperva, F5, Akamai, Citrix, Barracuda, and Fortinet, along with their various product offerings. Furthermore, market participants can expect profitable prospects due to the growth of artificial intelligence and online application use. The US held the largest market share in 2023. This indicates a significant US contribution to the global WAF market.
Due to the region's robust economic growth, globalization, digitalization, and rising internet usage, the Asia Pacific market is anticipated to grow at the highest growth rate globally during the forecast period. Due to the massive use of traditional defence 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.
SecureIQLab has announced the third testing version of its Web Application Firewall (WAF 3.0). This new version includes innovative API security test cases in June 2023.
April 2023, Akamai Technologies Inc. has partnered with Neosec to offer an API detection and response platform powered by data and behavioural analytics. Neosec's API security solutions help to enhance Akamai's visibility into the evolving API threat landscape and complement Akamai's application and API security products.
March 2023, Cloudflare announced that it will offer a free web application firewall to its free subscribers. The WAF provides access to the WAF interface with rules that can automatically block known threats.
April 2023 - Barracuda Networks Inc. released new application security plans that enable customers to easily protect their websites, applications and APIs with complete enterprise-grade protection. The new plans combine ML-based web application, API, DDoS, and bot protection with Zero Trust protection to help prevent today's most advanced threats when customers need a solution that provides web application and API protection (WAAP) for applications where wherever they live., including on-premise, hybrid and multi-cloud deployments. Barracuda's new application protection plans are designed to allow customers to select the protection features they need, enter the number of applications, and get started.
| Report Attributes | Details |
| Market Size in 2023 | US$ 6.35 Bn |
| Market Size by 2032 | US$ 28.6 Bn |
| CAGR | CAGR of 18.2% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| 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 projected market size for the Web Application Firewall Market is USD 28.6 billion by 2032.
Ans. The CAGR of the Web Application Firewall Market is 18.2% During the forecast period of 2024-2032.
Ans: The Asia Pacific region is expected to grow with the highest CAGR during the forecast period of 2024-2032.
Ans: The BFSI end-use segment dominated the web application firewall Market with a 28 % share.
Ans:
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Porter’s 5 Forces Model
6. Pest Analysis
7. Web Application Firewall Market Segmentation, By Deployment Model
7.1 On-Premise
8.2 Cloud
8. Web Application Firewall Market Segmentation, By Organizational Size
8.1 Small & Medium Enterprises
8.2 Large Enterprises
9. Web Application Firewall Market Segmentation, By Component
9.1 Solution
9.2 Services
10. Web Application Firewall Market Segmentation, By End User
10.1 BFSI
10.2 Healthcare
10.3 IT and Telecom
10.4 Manufacturing
10.5 Government and Public Sector
10.6 Retail and E-Commerce
10.7 Others
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Web Application Firewall Market By Country
11.2.2 North America Web Application Firewall Market By Deployment Model
11.2.3 North America Web Application Firewall Market By Organizational Size
11.2.4 North America Web Application Firewall Market By Component
11.2.5 North America Web Application Firewall Market By End User
11.2.6 USA
11.2.6.1 USA Web Application Firewall Market By Deployment Model
11.2.6.2 USA Web Application Firewall Market By Organizational Size
11.2.6.3 USA Web Application Firewall Market By Component
11.2.6.4 USA Web Application Firewall Market By End User
11.2.7 Canada
11.2.7.1 Canada Web Application Firewall Market By Deployment Model
11.2.7.2 Canada Web Application Firewall Market By Organizational Size
11.2.7.3 Canada Web Application Firewall Market By Component
11.2.7.4 Canada Web Application Firewall Market By End User
11.2.8 Mexico
11.2.8.1 Mexico Web Application Firewall Market By Deployment Model
11.2.8.2 Mexico Web Application Firewall Market By Organizational Size
11.2.8.3 Mexico Web Application Firewall Market By Component
11.2.8.4 Mexico Web Application Firewall Market By End User
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Eastern Europe Web Application Firewall Market By Country
11.3.1.2 Eastern Europe Web Application Firewall Market By Deployment Model
11.3.1.3 Eastern Europe Web Application Firewall Market By Organizational Size
11.3.1.4 Eastern Europe Web Application Firewall Market By Component
11.3.1.5 Eastern Europe Web Application Firewall Market By End User
11.3.1.6 Poland
11.3.1.6.1 Poland Web Application Firewall Market By Deployment Model
11.3.1.6.2 Poland Web Application Firewall Market By Organizational Size
11.3.1.6.3 Poland Web Application Firewall Market By Component
11.3.1.6.4 Poland Web Application Firewall Market By End User
11.3.1.7 Romania
11.3.1.7.1 Romania Web Application Firewall Market By Deployment Model
11.3.1.7.2 Romania Web Application Firewall Market By Organizational Size
11.3.1.7.3 Romania Web Application Firewall Market By Component
11.3.1.7.4 Romania Web Application Firewall Market By End User
11.3.1.8 Hungary
11.3.1.8.1 Hungary Web Application Firewall Market By Deployment Model
11.3.1.8.2 Hungary Web Application Firewall Market By Organizational Size
11.3.1.8.3 Hungary Web Application Firewall Market By Component
11.3.1.8.4 Hungary Web Application Firewall Market By End User
11.3.1.9 Turkey
11.3.1.9.1 Turkey Web Application Firewall Market By Deployment Model
11.3.1.9.2 Turkey Web Application Firewall Market By Organizational Size
11.3.1.9.3 Turkey Web Application Firewall Market By Component
11.3.1.9.4 Turkey Web Application Firewall Market By End User
11.3.1.10 Rest of Eastern Europe
11.3.1.10.1 Rest of Eastern Europe Web Application Firewall Market By Deployment Model
11.3.1.10.2 Rest of Eastern Europe Web Application Firewall Market By Organizational Size
11.3.1.10.3 Rest of Eastern Europe Web Application Firewall Market By Component
11.3.1.10.4 Rest of Eastern Europe Web Application Firewall Market By End User
11.3.2 Western Europe
11.3.2.1 Western Europe Web Application Firewall Market By Country
11.3.2.2 Western Europe Web Application Firewall Market By Deployment Model
11.3.2.3 Western Europe Web Application Firewall Market By Organizational Size
11.3.2.4 Western Europe Web Application Firewall Market By Component
11.3.2.5 Western Europe Web Application Firewall Market By End User
11.3.2.6 Germany
11.3.2.6.1 Germany Web Application Firewall Market By Deployment Model
11.3.2.6.2 Germany Web Application Firewall Market By Organizational Size
11.3.2.6.3 Germany Web Application Firewall Market By Component
11.3.2.6.4 Germany Web Application Firewall Market By End User
11.3.2.7 France
11.3.2.7.1 France Web Application Firewall Market By Deployment Model
11.3.2.7.2 France Web Application Firewall Market By Organizational Size
11.3.2.7.3 France Web Application Firewall Market By Component
11.3.2.7.4 France Web Application Firewall Market By End User
11.3.2.8 UK
11.3.2.8.1 UK Web Application Firewall Market By Deployment Model
11.3.2.8.2 UK Web Application Firewall Market By Organizational Size
11.3.2.8.3 UK Web Application Firewall Market By Component
11.3.2.8.4 UK Web Application Firewall Market By End User
11.3.2.9 Italy
11.3.2.9.1 Italy Web Application Firewall Market By Deployment Model
11.3.2.9.2 Italy Web Application Firewall Market By Organizational Size
11.3.2.9.3 Italy Web Application Firewall Market By Component
11.3.2.9.4 Italy Web Application Firewall Market By End User
11.3.2.10 Spain
11.3.2.10.1 Spain Web Application Firewall Market By Deployment Model
11.3.2.10.2 Spain Web Application Firewall Market By Organizational Size
11.3.2.10.3 Spain Web Application Firewall Market By Component
11.3.2.10.4 Spain Web Application Firewall Market By End User
11.3.2.11 Netherlands
11.3.2.11.1 Netherlands Web Application Firewall Market By Deployment Model
11.3.2.11.2 Netherlands Web Application Firewall Market By Organizational Size
11.3.2.11.3 Netherlands Web Application Firewall Market By Component
11.3.2.11.4 Netherlands Web Application Firewall Market By End User
11.3.2.11 Switzerland
11.3.2.11.1 Switzerland Web Application Firewall Market By Deployment Model
11.3.2.11.2 Switzerland Web Application Firewall Market By Organizational Size
11.3.2.11.3 Switzerland Web Application Firewall Market By Component
11.3.2.11.4 Switzerland Web Application Firewall Market By End User
11.3.2.13 Austria
11.3.2.13.1 Austria Web Application Firewall Market By Deployment Model
11.3.2.13.2 Austria Web Application Firewall Market By Organizational Size
11.3.2.13.3 Austria Web Application Firewall Market By Component
11.3.2.13.4 Austria Web Application Firewall Market By End User
11.3.2.14 Rest of Western Europe
11.3.2.14.1 Rest of Western Europe Web Application Firewall Market By Deployment Model
11.3.2.14.2 Rest of Western Europe Web Application Firewall Market By Organizational Size
11.3.2.14.3 Rest of Western Europe Web Application Firewall Market By Component
11.3.2.14.4 Rest of Western Europe Web Application Firewall Market By End User
11.4 Asia-Pacific
11.4.1 Asia Pacific Web Application Firewall Market By Country
11.4.2 Asia Pacific Web Application Firewall Market By Deployment Model
11.4.3 Asia Pacific Web Application Firewall Market By Organizational Size
11.4.4 Asia Pacific Web Application Firewall Market By Component
11.4.5 Asia Pacific Web Application Firewall Market By End User
11.4.6 China
11.4.6.1 China Web Application Firewall Market By Deployment Model
11.4.6.2 China Web Application Firewall Market By Organizational Size
11.4.6.3 China Web Application Firewall Market By Component
11.4.6.4 China Web Application Firewall Market By End User
11.4.7 India
11.4.7.1 India Web Application Firewall Market By Deployment Model
11.4.7.2 India Web Application Firewall Market By Organizational Size
11.4.7.3 India Web Application Firewall Market By Component
11.4.7.4 India Web Application Firewall Market By End User
11.4.8 Japan
11.4.8.1 Japan Web Application Firewall Market By Deployment Model
11.4.8.2 Japan Web Application Firewall Market By Organizational Size
11.4.8.3 Japan Web Application Firewall Market By Component
11.4.8.4 Japan Web Application Firewall Market By End User
11.4.9 South Korea
11.4.9.1 South Korea Web Application Firewall Market By Deployment Model
11.4.9.2 South Korea Web Application Firewall Market By Organizational Size
11.4.9.3 South Korea Web Application Firewall Market By Component
11.4.9.4 South Korea Web Application Firewall Market By End User
11.4.10 Vietnam
11.4.10.1 Vietnam Web Application Firewall Market By Deployment Model
11.4.10.2 Vietnam Web Application Firewall Market By Organizational Size
11.4.10.3 Vietnam Web Application Firewall Market By Component
11.4.10.4 Vietnam Web Application Firewall Market By End User
11.4.11 Singapore
11.4.11.1 Singapore Web Application Firewall Market By Deployment Model
11.4.11.2 Singapore Web Application Firewall Market By Organizational Size
11.4.11.3 Singapore Web Application Firewall Market By Component
11.4.11.4 Singapore Web Application Firewall Market By End User
11.4.11 Australia
11.4.11.1 Australia Web Application Firewall Market By Deployment Model
11.4.11.2 Australia Web Application Firewall Market By Organizational Size
11.4.11.3 Australia Web Application Firewall Market By Component
11.4.11.4 Australia Web Application Firewall Market By End User
11.4.13 Rest of Asia-Pacific
11.4.13.1 Rest of Asia-Pacific Web Application Firewall Market By Deployment Model
11.4.13.2 Rest of Asia-Pacific Web Application Firewall Market By Organizational Size
11.4.13.3 Rest of Asia-Pacific Web Application Firewall Market By Component
11.4.13.4 Rest of Asia-Pacific Web Application Firewall Market By End User
11.5 Middle East & Africa
11.5.1 Middle East
11.5.1.1 Middle East Web Application Firewall Market By Country
11.5.1.2 Middle East Web Application Firewall Market By Deployment Model
11.5.1.3 Middle East Web Application Firewall Market By Organizational Size
11.5.1.4 Middle East Web Application Firewall Market By Component
11.5.1.5 Middle East Web Application Firewall Market By End User
11.5.1.6 UAE
11.5.1.6.1 UAE Web Application Firewall Market By Deployment Model
11.5.1.6.2 UAE Web Application Firewall Market By Organizational Size
11.5.1.6.3 UAE Web Application Firewall Market By Component
11.5.1.6.4 UAE Web Application Firewall Market By End User
11.5.1.7 Egypt
11.5.1.7.1 Egypt Web Application Firewall Market By Deployment Model
11.5.1.7.2 Egypt Web Application Firewall Market By Organizational Size
11.5.1.7.3 Egypt Web Application Firewall Market By Component
11.5.1.7.4 Egypt Web Application Firewall Market By End User
11.5.1.8 Saudi Arabia
11.5.1.8.1 Saudi Arabia Web Application Firewall Market By Deployment Model
11.5.1.8.2 Saudi Arabia Web Application Firewall Market By Organizational Size
11.5.1.8.3 Saudi Arabia Web Application Firewall Market By Component
11.5.1.8.4 Saudi Arabia Web Application Firewall Market By End User
11.5.1.9 Qatar
11.5.1.9.1 Qatar Web Application Firewall Market By Deployment Model
11.5.1.9.2 Qatar Web Application Firewall Market By Organizational Size
11.5.1.9.3 Qatar Web Application Firewall Market By Component
11.5.1.9.4 Qatar Web Application Firewall Market By End User
11.5.1.10 Rest of Middle East
11.5.1.10.1 Rest of Middle East Web Application Firewall Market By Deployment Model
11.5.1.10.2 Rest of Middle East Web Application Firewall Market By Organizational Size
11.5.1.10.3 Rest of Middle East Web Application Firewall Market By Component
11.5.1.10.4 Rest of Middle East Web Application Firewall Market By End User
11.5.2. Africa
11.5.2.1 Africa Web Application Firewall Market By Country
11.5.2.2 Africa Web Application Firewall Market By Deployment Model
11.5.2.3 Africa Web Application Firewall Market By Organizational Size
11.5.2.4 Africa Web Application Firewall Market By Component
11.5.2.5 Africa Web Application Firewall Market By End User
11.5.2.6 Nigeria
11.5.2.6.1 Nigeria Web Application Firewall Market By Deployment Model
11.5.2.6.2 Nigeria Web Application Firewall Market By Organizational Size
11.5.2.6.3 Nigeria Web Application Firewall Market By Component
11.5.2.6.4 Nigeria Web Application Firewall Market By End User
11.5.2.7 South Africa
11.5.2.7.1 South Africa Web Application Firewall Market By Deployment Model
11.5.2.7.2 South Africa Web Application Firewall Market By Organizational Size
11.5.2.7.3 South Africa Web Application Firewall Market By Component
11.5.2.7.4 South Africa Web Application Firewall Market By End User
11.5.2.8 Rest of Africa
11.5.2.8.1 Rest of Africa Web Application Firewall Market By Deployment Model
11.5.2.8.2 Rest of Africa Web Application Firewall Market By Organizational Size
11.5.2.8.3 Rest of Africa Web Application Firewall Market By Component
11.5.2.8.4 Rest of Africa Web Application Firewall Market By End User
11.6. Latin America
11.6.1 Latin America Web Application Firewall Market By Country
11.6.2 Latin America Web Application Firewall Market By Deployment Model
11.6.3 Latin America Web Application Firewall Market By Organizational Size
11.6.4 Latin America Web Application Firewall Market By Component
11.6.5 Latin America Web Application Firewall Market By End User
11.6.6 Brazil
11.6.6.1 Brazil Web Application Firewall Market By Deployment Model
11.6.6.2 Brazil Web Application Firewall Market By Organizational Size
11.6.6.3 Brazil Web Application Firewall Market By Component
11.6.6.4 Brazil Web Application Firewall Market By End User
11.6.7 Argentina
11.6.7.1 Argentina Web Application Firewall Market By Deployment Model
11.6.7.2 Argentina Web Application Firewall Market By Organizational Size
11.6.7.3 Argentina Web Application Firewall Market By Component
11.6.7.4 Argentina Web Application Firewall Market By End User
11.6.8 Colombia
11.6.8.1 Colombia Web Application Firewall Market By Deployment Model
11.6.8.2 Colombia Web Application Firewall Market By Organizational Size
11.6.8.3 Colombia Web Application Firewall Market By Component
11.6.8.4 Colombia Web Application Firewall Market By End User
11.6.9 Rest of Latin America
11.6.9.1 Rest of Latin America Web Application Firewall Market By Deployment Model
11.6.9.2 Rest of Latin America Web Application Firewall Market By Organizational Size
11.6.9.3 Rest of Latin America Web Application Firewall Market By Component
11.6.9.4 Rest of Latin America Web Application Firewall Market By End User
12 Company Profile
12.1 Cloudflare, Inc
12.1.1 Company Overview
12.1.2 Financials
12.1.3 Product/Services/Offerings
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 F5 Networks, Inc.
12.2.1 Company Overview
12.2.2 Financials
12.2.3 Product/Services/Offerings
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 Barracuda Networks, Inc.
12.3.1 Company Overview
12.3.2 Financials
12.3.3 Product/Services/Offerings
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Imperva, Inc.
12.4.1 Company Overview
12.4.2 Financials
12.4.3 Product/Services/Offerings
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Akamai Technologies
12.5.1 Company Overview
12.5.2 Financials
12.5.3 Product/Services/Offerings
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Qualys, Inc.
12.6.1 Company Overview
12.6.2 Financials
12.6.3 Product/Services/Offerings
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Citrix Systems, Inc.
12.7.1 Company Overview
12.7.2 Financials
12.7.3 Product/Services/Offerings
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Barracuda.
12.8.1 Company Overview
12.8.2 Financials
12.8.3 Product/Services/Offerings
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Rohde & Schwarz.
12.9.1 Company Overview
12.9.2 Financials
12.9.3 Product/Services/Offerings
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Oracle.
12.10.1 Company Overview
12.10.2 Financials
12.10.3 Product/Services/Offerings
12.10.4 SWOT Analysis
12.10.5 The SNS View
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3 Mergers & Acquisitions
14. USE Cases and Best Practices
15. 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.
The Text-to-Video AI Market size was USD 0.14 billion in 2023 and is expected to Reach USD 1.74 billion by 2031 and grow at a CAGR of 37.4% over the forecast period of 2024-2031.
The Workforce Analytics Market size was valued at USD 2.34 billion in 2022 and is projected to reach USD 6.91 billion in 2030 with a growing CAGR of 14.51% Over the Forecast Period of 2023-2030.
The Reconciliation Software Market size was valued at USD 1.72 Billion in 2023 and is expected to grow to USD 5.6 Billion by 2031 and grow at a CAGR of 15.9% over the forecast period of 2024-2031.
Cognitive Assessment and Training Market size was valued at USD 5.17 Bn in 2023 and is expected to reach USD 33.72 Bn by 2031 with a growing CAGR of 26.4 % over the forecast period 2024-2031.
The Smart Port Market size was valued at USD 2.40 billion in 2023 and is expected to grow to USD 13.87 billion By 2031 and grow at a CAGR of 24.5 % over the forecast period of 2024-2031.
Human Resource (HR) Technology Market size was valued at USD 34.4 billion in 2023 and is expected to grow to USD 73.7 billion by 2031 and grow at a CAGR of 10.0% over the forecast period of 2024-2031.
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