Research Overview

The Asia-Pacific web application firewall (WAF) solutions market experienced growth at a healthy 22.4% year-over-year rate in 2019 driven by high adoption from both the on-premises and cloud-based deployment segments. Particularly for cloud-based deployment, the rapid growth of this segment will lead it to achieve parity with the on-premises segment by 2022, after which it will outpace on-premises deployment growth.

The WAF solutions market remains in its growth stage, and this momentum will endure as organizations increasingly deploy their workloads on the cloud. In addition, as the COVID-19 pandemic continues to impact countries globally, organizations will continue deploying a range of tools and security solutions to enable remote work for their employees. Furthermore, the announcement of new regulations on data security and revisions made to existing privacy laws continue pushing organizations to deploy security solutions that will ensure compliance.

On top of market growth analysis, this study looks at potential factors that are likely to restrain the global WAF solutions market. For instance, budget-related pressures caused by the pandemic-related slowdown in business activity (including project delays, postponements, or overall budget reduction) may force organizations to decrease their investments in WAF solutions as they prioritize other tools to ensure business continuity. To tackle this challenge, WAF vendors are providing customers more value-add by integrating WAF capabilities with anti-DDoS (distributed denial-of-service) and bot mitigation capabilities as part of holistic web protection bundles. Furthermore, to reduce capital expenditure, they are partnering with service providers to deliver managed WAF services. These strategies create more attractive options for organizations looking to adopt WAF solutions.