DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/3bf19d/asia_pacific_incl) has announced the addition of Frost & Sullivan's new report "Asia Pacific (including Japan) Web Application Firewall Market CY2010" to their offering.
This research service analyzes the Web application firewall (WAF) as a security technology, either hardware or software that sits before the Web server and analyzes layer 7 traffic (a whole session, not packets) to protect applications from attacks aimed at exploiting vulnerabilities found in the applications. The Web Application Firewall (WAF) market registered a robust growth of 28.4 percent growth on a year on year basis in 2010, reaching a total market size of $60.2 million in Asia Pacific.
Explosion of Web 2.0 Technologies Triggers Growth in Asia Pacific Web Application Firewall Market
The Asia Pacific Web application firewall (WAF) market is expected to hit a strong compound annual growth rate (CAGR) of 38.6 percent, reaching a total market size of $315.1 million in 2015. Relentless attacks targeting government, service provider, and banking sites encouraged a more proactive stance in combating the attacks and drove the gravitation toward WAF solutions. The WAF market registered a robust growth of 28.4 percent on a YoY basis in 2010, reaching a total market size of $60.2 million in Asia Pacific.
The rapid emergence of Web 2.0 technologies in the enterprise environment, coupled with the fast growing consumer community of mobile devices played a pivotal role in steering the growth of Web applications. Most of the markets in the region represent immense growth opportunities for WAFs as cyber attacks grow in sophistication and awareness levels among enterprises toward the technology improve, notes the analyst of this research service. Regulatory compliance is another factor helping to push WAF uptake.
Lack of Awareness Restrains Market Momentum
Although the demand for WAF has gone beyond the hype phase in many ways in Asia Pacific, there is still prevailing market confusion surrounding the unique value proposition that WAF offers. The efforts of WAF vendors in propagating the unique proposition of having WAF helped to reduce the market confusion between WAF and other security technologies.
With the Web rapidly emerging as a key channel to drive forward business processes, the security market is likely to witness the rise of WAF as a primary security platform on the Web front, similar to the role that the network-based firewall has been performing for corporate networks up until now.
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