WEB APPLICATION FIREWALL MARKET GROWING AT A CAGR 18.3% | KEY PLAYER IMPERVA, AKAMAI, BARRACUDA, CIT

Sheetal2301 Dec, 2023Technology

The Web Application Firewall Market is expected to be gaining traction, due to the rising instances of web attacks, covering cyber thefts, espionage, vandalism, and fraudulent mechanism; government regulations and need for compliance; and the increasing penetration of Internet of Things (IoT) across various end-user applications. The technological proliferation and penetration of iOS and Android-based smartphones are some of the other factors, which are likely to contribute to the growth of the WAF market. MarketsandMarkets forecasts the WAF market size to grow from USD 2.37 Billion in 2017 to USD 5.48 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 18.3%.