The proliferation of enterprise mobility, cloud computing, and web-based applications have paved the way for web gateways to emerge as one of the most valuable tools for businesses to drive their processes. However, with the growing use of web-based technologies in business processes, threats in the form of cyber-attacks and other cyber-criminal activities have increased considerably. This has attracted the attention of business enterprises toward web security solutions.
In addition, the proliferation of social networking websites and their consequent use as business tools in the enterprise environment have led to an increased need for monitoring web usage patterns of employees. As a result, enterprises are required to strike a fine balance between enabling and restricting web access to their employees. These factors are expected to contribute toward a double-digit compounded annual growth rate (CAGR) during the 2015 – 2022. As a result, the corporate web security market is expected to exceed US$ 3.9 Bn by 2022, expanding at a double-digit CAGR between 2015 and 2022.
1.1 Report Scope
This report analyzes the global corporate web security market in terms of deployment type, end-use verticals, and geographical distribution. Based on deployment type, the market is segmented into appliances, on-premise, cloud-based (hosted), and hybrid models. Similarly, the global corporate web security market is further classified into IT and telecom, government and public utilities, BFSI, defense and intelligence, healthcare, and other application segments (retail, manufacturing, etc.). The global corporate web security market’s geographical distribution in this study encompasses regional markets such as North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.
End-use Segmentation Analysis
Growing corporate concerns over data breaches, legal liabilities, and employee productivity have collectively fueled the adoption of web security solutions among corporate users in varied industry verticals. Their capability to offer network security by limiting access to malicious content and enabling data loss prevention have further ensured increased adoption of web security solutions among enterprise users. As such, web security solutions have become an essential element of corporate organizations.
Based on end-use, the corporate web security market is categorized into the following segments:
- IT (Information Technology) and Telecom
- Government and Public Utilities
- Banking, Financial Services and Insurance
- Defense and Intelligence
- Others (Retail, Manufacturing, etc.)
Growing demand for remote access to information has necessitated the need to protect off-premise data as well as a wide range of client devices. This, in turn, has compelled corporate enterprises to increasingly deploy web security solutions. Furthermore, the swift adoption of virtualization among small and medium-sized businesses is encouraging these businesses to deploy web security solutions targeting virtual environments. In terms of industry verticals, the global corporate web security market was collectively dominated by IT and government segments. The demand in these segments can be attributed to growing concerns over sophisticated cyber attacks aimed at government websites.
Deployment Type Segmentation Analysis
Based on deployment, the global corporate web security market is segmented into following categories:
- Hybrid Models
Hybrid web security solutions, which are widely considered as an important stepping stone for full cloud-based deployment, are witnessing strong growth. However, most of the hybrid web security solutions designed for enterprise use come with separate management interfaces for cloud-based and on-premise sections of the solution. This makes the control and management of hybrid security solutions more complex and cumbersome. Thus, the leading market vendors offering an integrated interface for hybrid deployments have a distinct advantage. On the other hand, cloud-based web security solutions are witnessing an alarming increase in demand since organizations that traditionally deployed on-premise security solutions are progressively moving all their services to the cloud.
Furthermore, the move towards cloud-based security solutions is also driven by the growing use of mobile devices and increased remote workforces requiring robust web security solutions without the complication of connecting back to the enterprise network. As a result, most of web security vendors offer virtualization. Vendors that do not provide virtual solutions either offer cloud-based solutions or plan to add one in the near future.
Geography Segmentation Analysis
The global corporate web security market is segmented based on geography into the following regions and countries.
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of Middle East and Africa
In the base year of 2014, North America (comprising the U.S., Canada, and the Rest of North America) was the largest corporate web security market, accounting for over 35 percent of the global market revenue. The U.S. was the largest and the most lucrative individual corporate web security market worldwide. Over the forecast period 2015 – 2022, it is expected to remain the largest corporate web security market on account of the stringent government policies promoting the use of web security solutions that guarantee the confidentiality of customer information held by corporate enterprises.
Furthermore, increased spending on developing solutions capable of defying cyber attacks is expected to positively impact the region’s market growth. Even though North America is expected to remain the largest corporate web security by the end of the forecast period, Asia Pacific is expected to witness maximum growth, outpacing both North America and Europe to expand at a double-digit CAGR.
The anticipated growth in the region is expected to be majorly driven by the demand from the large base of small- and medium-sized businesses in India and China. In addition, the perpetually increasing population of web-savvy clients has encouraged enterprises in the region to deploy more web-based technologies, which, in turn, is fueling the demand for solutions capable of securing the web gateways.