Growth Opportunities in Web Application Firewall Solutions in Asia-Pacific, 2024 2028

Growth Opportunities in Web Application Firewall Solutions in Asia-Pacific, 2024 2028

The Increasing Volume of Sophisticated Web-based Cyberattacks and Stringent Data Privacy Regulations Drive Future Growth Potential

RELEASE DATE
14-May-2024
REGION
Asia Pacific
Deliverable Type
Market Research
Research Code: PFCF-01-00-00-00
SKU: AE_2024_715
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Description

Web applications and application programming interfaces (APIs) play a vital role in today’s business environment to boost productivity and improve customer engagement, but the widespread use of them has resulted in a constantly evolving threat landscape and a significant surge of sophisticated web-based attacks. The popularity of applications and APIs has made them an attractive target for attackers to gain unauthorized access to valuable data or to disrupt services. Business-critical and customer-centric applications are the means for attackers to exploit web vulnerabilities and access confidential data or user privacy information, eventually leading to data breaches that can devastate businesses.

As the threat landscape has evolved in sophistication, emphasis on artificial intelligence (AI) and machine learning (ML)-driven security solutions has increased, including web application firewall (WAF) tools, to defend against evolving attacks. Organizations increasingly look for WAF solutions that natively integrate AI and ML to provide real-time threat detection and response and more dynamic security protection. Organizations also increasingly demand more comprehensive web application protection through a holistic application security strategy. This need has resulted in the growing adoption of holistic web protection platforms, or web application and API protection (WAAP), that address WAF, DDoS, bot mitigation, and API security requirements from a single platform.

This Frost & Sullivan research service provides insights into the Asia-Pacific WAF industry by verticals, horizontals, and deployment types including regional breakdowns for Australia and New Zealand, Southeast Asian Nations (ASEAN), Greater China, India, Japan, and South Korea. The report analyzes the factors driving and restraining WAF solution adoption and includes forecast analysis, pricing trends, competitive landscape, regional trends, and insights for chief information security officers (CISOs). Finally, this study identifies growth opportunities emerging from the industry dynamics that stakeholders and players should know about and leverage. The base year for the analysis is 2023, and the forecast period is 2024 to 2028.

Author: Vivien Pua

Table of Contents

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the Web Application Firewall (WAF) Industry

Scope of Analysis

Revenue and Forecast Estimate Disclaimer

Market Segmentation

Regional Segmentation

Customer Segmentation

Research Methodology

Competitive Environment

Key Competitors

Key Competitors (continued)

Growth Metrics

Growth Drivers

Growth Driver Analysis

Growth Driver Analysis (continued)

Growth Driver Analysis (continued)

Growth Driver Analysis (continued)

Growth Restraints

Growth Restraint Analysis

Growth Restraint Analysis (continued)

Growth Restraint Analysis (continued)

Forecast Considerations

Revenue Forecast

Revenue Forecast Analysis

Revenue Forecast by Product

Revenue Forecast by Region

Revenue Forecast Analysis by Region

Revenue Forecast Analysis by Region (continued)

Revenue Share by Horizontal Segments

Revenue Share by Main Verticals

Pricing Trends and Forecast Analysis

Revenue Share

Growth Metrics

Revenue Forecast

Forecast Analysis

Revenue Forecast by Product

Revenue Share

Growth Metrics

Revenue Forecast

Forecast Analysis

Revenue Forecast by Product

Revenue Share

Growth Metrics

Revenue Forecast

Forecast Analysis

Revenue Forecast by Product

Revenue Share

Growth Metrics

Revenue Forecast

Forecast Analysis

Revenue Forecast by Product

Revenue Share

Growth Metrics

Revenue Forecast

Forecast Analysis

Revenue Forecast by Product

Revenue Share

Growth Metrics

Revenue Forecast

Forecast Analysis

Revenue Forecast by Product

Revenue Share

WAF Solutions: Key Trends

WAF Solutions: CISO Concerns

WAF Solutions: Recommendations

Growth Opportunity 1: Strong Need to Support Modern DevOps Process

Growth Opportunity 1: Strong Need to Support Modern DevOps Process (continued)

Growth Opportunity 2: Integrating WAF into a Zero-Trust Security Model

Growth Opportunity 2: Integrating WAF into a Zero-Trust Security Model (continued)

Growth Opportunity 3: Integrating WAF with Other Security Technologies against Evolving Threats

Growth Opportunity 3: Integrating WAF with Other Security Technologies against Evolving Threats (continued)

Best Practices Recognition

Frost Radar

Benefits and Impacts of Growth Opportunities

Next Steps

Take the Next Step

List of Exhibits

List of Exhibits (continued)

Legal Disclaimer

Web applications and application programming interfaces (APIs) play a vital role in today s business environment to boost productivity and improve customer engagement, but the widespread use of them has resulted in a constantly evolving threat landscape and a significant surge of sophisticated web-based attacks. The popularity of applications and APIs has made them an attractive target for attackers to gain unauthorized access to valuable data or to disrupt services. Business-critical and customer-centric applications are the means for attackers to exploit web vulnerabilities and access confidential data or user privacy information, eventually leading to data breaches that can devastate businesses. As the threat landscape has evolved in sophistication, emphasis on artificial intelligence (AI) and machine learning (ML)-driven security solutions has increased, including web application firewall (WAF) tools, to defend against evolving attacks. Organizations increasingly look for WAF solutions that natively integrate AI and ML to provide real-time threat detection and response and more dynamic security protection. Organizations also increasingly demand more comprehensive web application protection through a holistic application security strategy. This need has resulted in the growing adoption of holistic web protection platforms, or web application and API protection (WAAP), that address WAF, DDoS, bot mitigation, and API security requirements from a single platform. This Frost & Sullivan research service provides insights into the Asia-Pacific WAF industry by verticals, horizontals, and deployment types including regional breakdowns for Australia and New Zealand, Southeast Asian Nations (ASEAN), Greater China, India, Japan, and South Korea. The report analyzes the factors driving and restraining WAF solution adoption and includes forecast analysis, pricing trends, competitive landscape, regional trends, and insights for chief information security officers (CISOs). Finally, this study identifies growth opportunities emerging from the industry dynamics that stakeholders and players should know about and leverage. The base year for the analysis is 2023, and the forecast period is 2024 to 2028. Author: Vivien Pua
More Information
Deliverable Type Market Research
Author Vivien Pua
Industries Aerospace, Defence and Security
No Index No
Is Prebook No
Podcast No
Predecessor PE96-01-00-00-00
WIP Number PFCF-01-00-00-00