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Increasing Attacks on the Application Layer are Driving the Market
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The Asia-Pacific (APAC) Web Application Firewall (WAF) market grew 34.0% from 2013, reaching a total market size of $155.9 million in 2014. The strong growth momentum was driven by increasing reliance on Web applications to cater to the rise in eCommerce and Internet banking activities over the past few years. The popularity of these activities has increased the number of users, as well as attack frequency—which drives the adoption of WAF solutions to protect business information for both enterprises and users. As a result, market revenue is anticipated to grow at a CAGR of 25.6% from 2014 to 2021.
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