Key Trends That Companies Are Adopting In The Web Application Firewall Market As Per The Business Research Company's Web Application Firewall Global Market Report 2023


LONDON, March 20, 2023 (GLOBE NEWSWIRE) — The Business Research Company's research on the web application firewall market highlights technological advancement is a key trend in the web application firewall market. Cloud-based website firewalls and advanced WAF technology that employs behavioral analytics, proactive bot defense, and application-layer data encryption are being adopted by major players in the operation of web application firewalls. For instance, in May 2022, StackPath, a US-based edge computing platform provider, launched StackPath Web Application Firewall (SP//WAF) by subscription. It offers monthly WAF usage and increased access to new and extra features like specialized sanction screens, sophisticated rule extensions, professional services, and technical support. The powerful threat-detection capabilities that set SP/WAF are available to businesses of all sizes in a package that cost-effectively satisfies their specific security, use, and operations-management requirements.

The global web application firewall market size is expected to grow from $4.25 billion in 2022 to $5.07 billion in 2023 at a compound annual growth rate (CAGR) of 19.3%. The web application firewall market size is then expected to reach $9.81 billion in 2027 at a CAGR of 17.9%.

Learn More In-Depth On The Web Application Firewall Market

The rising number of cyberattacks and data breaches is expected to drive the web application firewall market going forward. A cyberattack or data breach is a malicious and intentional attempt by an individual or group to breach another person's or organization's information system. It is used to gain unauthorized access to a computer, corrupt, disrupt, disable, and control it. A web application firewall protects and prevents cyberattacks on the web application while also keeping data safe. For instance, according to the cybersecurity threat landscape report by Positive Technologies, a Russia-based cybersecurity company, the number of cyberattacks increased by 17% in …

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