Asia-Pacific Web Application Firewall Solutions Growth Opportunities

The Asia-Pacific web application firewall (WAF) solutions market experienced growth at a healthy 22.4% year-over-year rate in 2019 driven by high adoption from both the on-premises and cloud-based deployment segments. Particularly for cloud-based deployment, the rapid growth of this segment will lead it to achieve parity with the on-premises segment by 2022, after which it will outpace on-premises deployment growth. The WAF solutions market remains in its growth stage, and this momentum will endure as organizations increasingly deploy their workloads on the cloud. In addition, as the COVID-19 pandemic continues to impact countries globally, organizations will continue deploying a range of tools and security solutions to enable remote work for their employees. Furthermore, the announcement of new regulations on data security and revisions made to existing privacy laws continue pushing organizations to deploy security solutions that will ensure compliance. On top of market growth analysis, this study looks at potential factors that are likely to restrain the global WAF solutions market. For instance, budget-related pressures caused by the pandemic-related slowdown in business activity (including project delays, postponements, or overall budget reduction) may force organizations to decrease their investments in WAF solutions as they prioritize other tools to ensure business continuity. To tackle this challenge, WAF vendors are providing customers more value-add by integrating WAF capabilities with anti-DDoS (distributed denial-of-service) and bot mitigation capabilities as part of holistic web protection bundles. Furthermore, to reduce capital expenditure, they are partnering with service providers to deliver managed WAF services. These strategies create more attractive options for organizations looking to adopt WAF solutions. In this research, Frost & Sullivan analyzes market trends for the study period 2019 to 2025, using a base year of 2020. Vertical segmentation includes the government; banking, financial services, and insurance (BFSI); service providers; manufacturing; education; and other sectors (including pharmaceuticals, retail, logistics, oil/gas, energy, mining, agriculture, IT/IT-enabled services, and business process outsourcing). Companies mentioned in the total APAC market's competitive landscape include Akamai, Alibaba Cloud, Array Networks, Barracuda, Citrix, 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 Soft, Venustech, and other smaller vendors. The 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.--BEGIN PROMO--

Key Issues Addressed

• At what pace is the WAF solutions market growing How long will it continue to grow and at what rate
• What were the key market trends in 2020 What trends will gain importance in the future
• What are the key market drivers and restraints
• Which regions and countries were the best performers in 2020
• What does the competitive landscape in Asia-Pacific and its sub-regions look like
• What is the market growth forecast from 2020 to 2025
• What are the key opportunities for players in this space

Author: Anh Tien Vu