SINGAPORE, June 18, 2014 /PRNewswire/ -- A growing reliance on Web applications coupled with their vulnerability to persistent cyber-attacks are fuelling demand for Web application firewalls (WAFs) in the Asia-Pacific. The overall market growth rate is expected to peak in the next two years as the proliferation of devices connected through various channels makes organizations easier targets for cyber attackers.
New analysis from Frost & Sullivan, Asia-Pacific Web Application Firewall (WAF) Market 2013, finds that the market earned revenues of US$115.6 million in 2013 and estimates this to reach US$666.2 million in 2020 at a compound annual growth rate of 28.4 percent.
"Regulations continue to drive WAF adoption in the region. With the Payment Card Industry Data Security Standard now enforced in many countries, solutions such as WAF are considered a necessity for compliance," said Frost & Sullivan Information and Communication Technologies Research Manager Cathy Huang.
Unfortunately, complexities in terms of WAF management may hold back some enterprises from investing in these solutions. This will also give an opportunity for managed security service providers to provide WAF-as-a-service, eating into the share of traditional WAF vendors.
Nevertheless, increased competition in this highly fragmented domain will drive the market forward, as more affordable and flexible products are made available especially for small and medium businesses. Many traditional security vendors too are now offering WAF solutions as add-ons to their existing security platforms.
"To avoid falling behind the competitive curve, vendors will design multi-faceted WAF solutions with capabilities extended to database security, distributed denial-of-service protection, anti-scrapping, and authentication," noted Huang.
"This integrated approach will lead to comprehensive, yet simple-to-manage, multi-layered security that can widen the consumer base in the Asia-Pacific WAF market," she added.
If you are interested in more information on this study, please send an e-mail to Donna Jeremiah, Corporate Communications, at djeremiah@frost.com, with your full name, company name, job title, telephone number, company e-mail address, company website, city, state and country.
Asia-Pacific Web Application Firewall (WAF) Market 2013 is part of the Network Security Technologies (http://www.networksecurity.frost.com) Growth Partnership Service program. Frost & Sullivan's related studies include: Asia-Pacific Advanced Persistent Threat (APT) Solution Market, Asia-Pacific Managed Security Services (MSS) Market, Global Unified Threat Management (UTM) and Next Generation Firewall (NGFW) Market, and Global Vulnerability Management Market. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.
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Asia-Pacific Web Application Firewall (WAF) Market 2013
P7B2-74
Contact:
Donna Jeremiah
Corporate Communications – Asia Pacific
P: +61 (02) 8247 8927
F: +61 (02) 9252 8066
E: djeremiah@frost.com
Carrie Low
Corporate Communications – Asia Pacific
P: +603 6204 5910
F: +603 6201 7402
E: carrie.low@frost.com
Melissa Tan
Corporate Communications – Asia Pacific
P: +65 6890 0926
F: +65 6890 0999
E: melissa.tan@frost.com
