DUBLIN--(BUSINESS WIRE)--May 14, 2018--The "Global Web Application Firewall Market - Segmented by Component (Solution, Services), Organization Size, Industry Vertical, and Region - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The web application firewall market was valued at USD 2.37 billion in 2017, and is expected to reach USD 5.92 billion by 2023 at a CAGR of 16.48% during the forecast period 2018-2023.

The web application firewall market has been segmented based on component (solution, services), organization size (small and medium-sized enterprises, large enterprises), end-user vertical (banking, financial services, insurance, retail, IT and telecommunications, government and defense, healthcare, energy and utilities, education).

Increasing Instances of Sophisticated Cyber Attacks

Depending on the size and type of the organization, an attack can range from a small nuisance to something that can break a company's revenue stream and damage it permanently. Customers to the websites of these companies can also be in danger since attacks can result in malware infection of user computers and theft of credentials. Governmental organizations and e-commerce companies are found to be targets. These two sectors are subjected to the highest level of compromise attempts. E-commerce witnesses a mix of attempts designed to cause downtime and access internal files. By contrast, 65% of all attacks in the finance sector attempt to steal the login information of website visitors. Such cyber-attacks on the web applications are driving the market during the forecast period.

Banking, Financial Services, and Insurance Occupy the Highest Market Share

Companies Mentioned

Imperva Akamai Barracuda Citrix Cloudflare Denyall Ergon Informatik F5 Networks Fortinet Penta Security Systems Radware Trustwave Nsfocus

Key Topics Covered

1. Introduction

2. Research Methodology

3. Market Insights

4. Market Dynamics

5. Global Web Application Firewall Market Segmentation - By Component

6. Global Web Application Firewall Market Segmentation - By Organization Size

7. Global Web Application Firewall Market Segmentation - By Industry Vertical

8. Global Web Application Firewall Market Segmentation - By Region

9. Global Web Application Firewall Market, Competitive Intelligence - Company Profiles

10. Investment Analysis

11. Outlook of Web Application Firewall Market

For more information about this report visit https://www.researchandmarkets.com/research/ssvzcm/global_web?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180514005878/en/

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Related Topics:IT Security

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY INTERNET SECURITY

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 05/14/2018 10:45 AM/DISC: 05/14/2018 10:46 AM

http://www.businesswire.com/news/home/20180514005878/en