Rising cyber threats have increased the demand for the secure web gateway market.
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.
Market Snapshot
component segment analysis
Secure web gateways with software solutions in their component segments are the dominant market.
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.
Regional Analysis
North America dominates the market by region.
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.
Technological advancement is keeping the market competitive.
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.
List of Companies Covered:
Juniper Networks Inc.
F5 Networks, Inc.
Check Point Software Technologies Ltd.
Microsoft Corporation
Forcepoint
Symantec Corporation
Sophos Group Plc.
IBM Corporation
Cisco Systems, Inc.
iBoss Network Security
WatchGuard Technologies Inc.
Others
Key Industry Development:
In March 2020, Juniper Networks Inc. announced that it had been selected by Asia's leading medical institute, the D. Y. Patil Hospital & Research Center of Pune, India, to upgrade its network security. This will help ease management and maintenance and allow the institute to deliver a world-class, technology-driven healthcare service with zero downtime.
In January 2020, F5 Networks, Inc. announced that it had completed the acquisition of Shape Security, a firm working in online fraud and abuse prevention. With Shape's sophisticated A.I., anti-fraud technologies, and cloud-based analytics, F5, along with its NGINX, can provide superior service to its clients. With this acquisition, F5 is expected to increase its market share in the near future.
Periods of History and Forecast
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
Component Segment (US$ Mn; 2017-2027)
Solutions
Threat Defense
Access Control
Data Security
Services
Professional Services
Training and Education
Consulting
A segment of Deployment (2017-2027; US$ Mn)
On-premise
Cloud-based
Enterprise Size Segment (2017-2027; US Dollar Millions)
North America (the United States and the rest of North America)
Europe (United Kingdom, Germany, France, and the Rest of Europe)
Japan, China, India, and the rest of Asia Pacific
Rest of the World (the Middle East and Africa, Latin America)
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.
This report's distinct data points
Recent trends across different regions in terms of the development of a secure web gateway market
attractive investment propositions for application segments as well as geography
Frequently Asked Question:
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.
