The market for Secure Web Gateway Market is expected to reach USD$ XX Mn in 2027.
A secure web gateway is a type of security solution that resists and prevents unsecured data traffic from entering an organization's internal networks. These gateways also protect against online security threats affecting a company's security policies and filter malicious internet traffic in real time. Moreover, a secure web gateway also provides application controls for web applications, URL filtering, and the detection and filtering of malicious code. Finally, these gateways also prevent data leakage, increasing work efficiency.
The increasing internet penetration across the globe is considered a major factor driving the global market. Furthermore, the rise in digitalization has increased the adoption of the internet, due to which cyberattacks are also increasing with each passing year. This is one of the major factors driving the global secure web gateway market. Moreover, various companies are storing their data online, which can be hacked and leaked, causing huge losses.
Overall, the global secure web gateway market was worth US$ 2,647.7 million in 2018 and is expected to reach US$ 13,625.5 million by 2027, growing at a CAGR of 20.1% from 2019 to 2027.
In 2018, the software solutions segment led the overall secure web gateway market, garnering more than 55.0% of the market share. The increasing use of the internet across the globe and rising cybercrimes are two of the major factors driving the market. Moreover, these software solutions protect against ransomware, viruses, malware code, and others. The software solution segments are further segmented as email gateway, data loss prevention (DLP), social media control, and content inspection management.
The global secure web gateway market was dominated by North America, which had a market share (in terms of revenue) of more than 38% in 2018. The rising adoption of cloud technology and increasing implementation of secure web gateway solutions in the BFSI, I.T. & telecom, and healthcare industries is one of the major factors driving the market across the region. Moreover, the advancement in web security is also considered a factor that is propelling growth. As a result, the U.S. accounted for the largest share in 2018 and is set to continue dominating the market during the forecast period.
The global secure web gateway market is competitive. Some prominent players operating in the secure web gateway are Juniper Networks Inc., F5 Networks, Microsoft Corporation, Forcepoint, Symantec Corporation, Sophos Group Plc., and IBM Corporation, among others. These market players are adopting strategies such as partnerships with other companies having excellence in technology and launching new and advanced solutions to stay competitive in the global market. Following is the list of players included in the published reports.
The research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. The compound annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2019 to 2027. Segmentation
The current report also encompasses qualitative market valuation factors such as key market drivers, market trends, restraints, and opportunities to better understand the global secure web gateway market. In addition, the global report also comprises a graphical representation of a competitive landscape based on market initiatives and strategies, product portfolios, and business strengths.
The market for Secure Web Gateway Market is expected to reach USD$ XX Mn in 2027.
The Secure Web Gateway Market is expected to see significant CAGR growth over the coming years, at 20.1%.
The report is forecasted from 2019 -2027.
The base year of this report is 2018.
Juniper Networks Inc.,F5 Networks, Inc.,Check Point Software Technologies Ltd.,Microsoft Corporation,Forcepoint,Symantec Corporation,Sophos Group Plc.,IBM Corporation. are some of the major players in the global market.