- The key vendors in the global WAF market 2015-2019 are Akamai, Barracuda Networks, Citrix Systems, F5 Networks and Imperva.
London, 16 November 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global WAF market 2015-2019. The major factor leading to the adoption of WAF solutions among corporate bodies is the increase in regulatory compliance requirements such as the Payment Card Industry Data Security Standard (PCI DSS), Health Information Technology for Economic and Clinical Health (HITECH) Act, and Health Insurance Portability and Accountability Act (HIPAA). The global WAF market is expected to grow at a CAGR of 17.34% during the forecast period of 2014-2019.
“Enterprises are increasingly adopting cloud-based WAF solutions due to advantages such as the availability of pay-per-use models and instant access,” says Faisal Ghaus, Vice President of Technavio Research.
“Cloud-based WAF solutions are seen as an ideal solution for everyone from financial institutions to mid-size organizations, the government sector, and the e-commerce sector, because they provide protection against vulnerabilities such as identity theft, falsified transactions, injection flaws, cross-site scripting, forged HTTP requests, and sensitive data exposure.”
Source: Technavio, 2015
Enterprises are adopting WAF solutions because traditional security infrastructure such as firewalls and antiviruses are focused on code attributes and network traffic. WAF solutions help identify malicious code through the use of file signatures, network traffic patterns, code emulation, and virtual execution.
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Global WAF Market 2015-2019, please send an e-mail to media@TechNavio.com
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