NEW YORK, June 29, 2015 /PRNewswire/ -- Scope
The Asia-Pacific (APAC) Web
Application Firewall (WAF) market grew 34.0% from 2013, reaching a
total market size of $155.9 million
in 2014. The strong growth momentum was driven by increasing
reliance on Web applications to cater to the rise in eCommerce and
Internet banking activities over the past few years. The popularity
of these activities has increased the number of users, as well as
attack frequency—which drives the adoption of WAF solutions to
protect business information for both enterprises and users. As a
result, market revenue is anticipated to grow at a CAGR of 25.6%
from 2014 to 2021.The Asia-Pacific
(APAC) Web Application Firewall (WAF) market grew 34.0% from 2013,
reaching a total market size of $155.9
million in 2014. The strong growth momentum was driven by
increasing reliance on Web applications to cater to the rise in
eCommerce and Internet banking activities over the past few years.
The popularity of these activities has increased the number of
users, as well as attack frequency—which drives the adoption of WAF
solutions to protect business information for both enterprises and
users. As a result, market revenue is anticipated to grow at a CAGR
of 25.6% from 2014 to 2021.
Executive Summary
•This research service covers the Web Application Firewall (WAF)
solutions market in Asia-Pacific,
which addresses the security technology used to protect Web
application servers from threats targeting Web application
layer.
•All revenue and forecast assumptions in this report are based on
CY2014 (January 2014 – December 2014).
•The Asia-Pacific (APAC) Web application firewall (WAF) market
continued to experience robust growth of xx% on a year-on-year
(YoY) basis, reaching a total market size of $ xx million in 2014.
The strong growth momentum was driven by increasing reliance on Web
applications to cater to the rise in eCommerce and Internet banking
activities over the past few years.
•The popularity of these activities has increased the number of
users, as well as attack frequency—which drives the adoption of WAF
solutions to protect business information for both enterprises and
users. As a result, market revenue is anticipated to reach $
xxmillion in 2020, growing at a CAGR of xx% from 2014 to 2021.
•As the threat landscape has becoming more sophisticated, with
attacks on the application layer increasing significantly, Web
systems are more vulnerable than ever and are frequent targets of
hackers to gain access to privileged information. This has caused
enterprises to adopt dedicated WAF technology to protect their Web
application servers where legacy network security solutions failed
to do so.
•In APAC, enterprises in China and
South Korea were the largest
adopters of WAF solutions, contributing a combined share of xx% to
the market in 2014. Strong growth momentum was also observed in
Japan, Malaysia, Singapore, Indonesia, and India.
•Greater China, India and ASEAN
continued to be the top xx countries, with growth rates of xx%,
xx%, and xx%, respectively, as many businesses started to take
action toward data security protection in the wake of more personal
data protection and privacy acts as well as the Payment Card
Industry–Data Security Standard (PCI-DSS).
•Regulatory compliance remained one of the key motivations for
enterprises in APAC to adopt WAF technology, especially in the
eCommerce and Internet banking segments. As such, WAF technology is
expected to play an even more important role in stimulating IT
security spending in APAC in the coming years.
•Stand-alone appliances are set to continue to stimulate market
demand, with most of the adoption occurring in large enterprises,
as these enterprises have more applications and greater concerns
over data sensitivity, and possess larger IT budgets.
Read the full report:
http://www.reportlinker.com/p02132528-summary/view-report.html
About Reportlinker
ReportLinker is an award-winning market research solution that
finds, filters and organizes the latest industry data so you get
all the market research you need - instantly, in one place.
http://www.reportlinker.com
__________________________
Contact Clare: clare@reportlinker.com
US: (339)-368-6001
Intl: +1 339-368-6001
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/asia-pacific-web-application-firewall-market-300105684.html
SOURCE Reportlinker