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Convergence of Solutions into Holistic Web Protection Bundles Transforming the Asia-Pacific Web Application Firewall (WAF) Solutions Market, Forecast to 2024

Convergence of Solutions into Holistic Web Protection Bundles Transforming the Asia-Pacific Web Application Firewall (WAF) Solutions Market, Forecast to 2024

  • November 2020
  • 44 pages
  • ID: 5996829
  • Format: PDF
  • Frost & Sullivan

Summary

Table of Contents

The Asia-Pacific WAF solutions market recorded healthy growth in 2019 due to high adoption rates from the on-premises and cloud-based segments.Though on-premises WAF solutions account for the larger share at present, the cloud-based segment’s rapid growth will see it achieve parity with the former around the end of the forecast period.

On-premises WAF solutions available in the Asia-Pacific market tend to have more comprehensive rulesets than their cloud-based counterparts.A major focus for WAF solution vendors is to achieve ruleset parity between on-premises and cloud-based versions.

With the increased frequency of API gateway attacks, these vendors are emphasizing improving API inspections through automation and machine learning capabilities. The WAF solutions market remains in its growth stage, with the momentum expected to continue as organizations increasingly deploy their workloads on the cloud. Amid the COVID-19 pandemic, many organizations have engaged tools and security solutions to enable their employees’ remote work. Stringent regulations on data security also continue to play a vital role in pushing organizations to deploy security solutions to ensure compliance. In addition to market growth analysis, the study looks at potential restraints likely to impact the WAF solutions market. WAF solutions are not at the top of many organizations’ priorities. This means organizations may introduce WAF capabilities by deploying integrated security solutions that offer some WAF protection instead of installing stand-alone WAF solutions. These typically do not match stand-alone WAF solutions that provide more comprehensive and in-depth coverage and protection. The analyst examined market trends from 2018 to 2024, with the base year being 2019. WAF solutions are this study’s focus area. The industry segmentation includes the government, banking, financial services, and insurance (BFSI), service providers, manufacturing, education, pharmaceuticals, retail, logistics, oil and gas, energy, mining, agriculture, information technology/information technology-enabled services (IT/ITeS), e-commerce, and business process outsourcing (BPO).Companies mentioned in the Asia-Pacific market’s competitive landscape include Akamai, Alibaba Cloud, Array Networks, Barracuda Networks, Citrix Systems, Cloudflare, Cyber Security Cloud (CSC), DBAPPSecurity, F5 Networks, Fortinet, Fujitsu, Imperva, JP-Secure, MONITORAPP, NEC, NSFOCUS, Penta Security Systems, PIOLINK, Qualys, Radware, Sangfor, SecureSky Technologies, Trinity Software, Venustech, and other smaller vendors. Countries included in this study are Australia, New Zealand, Singapore, Malaysia, Indonesia, the Philippines, Thailand, Vietnam, China, Hong Kong, Taiwan, India, Japan, and South Korea.

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