Enjoy complimentary customisation on priority with our Enterprise License!
The secure web gateway market size is forecast to increase by USD 19.45 billion at a CAGR of 26.79% between 2023 and 2028. The market's growth hinges on various factors, notably the escalating frequency of cyber attacks, compelling organizations to prioritize security measures. As businesses navigate the complexities of digital transformation, there's a mounting demand for integrated solutions capable of addressing multifaceted security challenges effectively. This demand is fueled by the expanding digital landscape, where organizations increasingly rely on interconnected systems and platforms. With cyber threats evolving in sophistication and scale, there's a pressing need for comprehensive security solutions that can adapt and fortify defenses against emerging risks. As such, the market for cybersecurity solutions is poised for significant growth as businesses seek to safeguard their digital assets and maintain resilience in the face of evolving threats.
To learn more about this report, View Report Sample
In today's cyber threat environment, businesses face a myriad of dangers ranging from system viruses to unknown spyware infiltrating their networks. Unsecured communication channels and vulnerable internal networks become breeding grounds for malicious web traffic and insidious viruses. To fortify against these threats, organizations deploy Secure Web Gateways (SWG) as a cyber-barrier, filtering out online security threats and unauthorized traffic while scrutinizing web requests for compliance with company policy. However, even with defenses, malicious websites lurk, hosting Trojan horses, adware, and stealthy spyware aiming to compromise Individual data and Organizational data alike. With the rise in remote employees, ensuring Web security becomes paramount, safeguarding and securing end-user data from Malware attacks and Data breaches. By staying vigilant against harmful websites and Trojans, companies can navigate the digital landscape with greater confidence, mitigating risks and preserving their integrity.
The rising number of cyber-attacks is a key factor driving the market growth. Advances in the Internet of Things (IoT) technologies have resulted in a rise in the number of cybercrimes. This has driven companies to increase their focus on secure web gateway solutions. With the continuously changing cyber landscape, there is a high demand for cybersecurity resources as companies across industries aim to protect their data and financial security. However, despite the large investments that organizations make every year in cybersecurity projects, instances of cybersecurity attacks are on the rise and pose a major threat to businesses.
Furthermore, the number of cyberattacks has also increased over the years. The other types of cyberattacks that are happening are ransomware attacks, such as Locky and WannaCry. These types of attacks involve cybercriminals luring unsuspecting individuals into traps, taking control of the files by locking them on their systems, and demanding a ransom to release the locked files. Hence, an increase in the adoption of secure web gateway solutions by enterprises to avoid cyberattacks will drive the growth of the market during the forecast period.
The rising adoption of cloud-based security technologies will fuel the global secure web gateway market growth. Cloud-based services are adopted for purposes such as authentication, video management systems, and storing biometric information. As banks and hospitals store large volumes of confidential data in the cloud, it is important to secure the data from unauthorized access. The adoption of cloud-based services is increasing among SMEs because it does not require physical infrastructure to support their implementation and is cost-effective. The flexibility and scalability of cloud-based secure web gateway solutions accommodate the varying needs of consumers, which is a reason for their increased adoption.
Furthermore, with the increased employee mobility, several organizations have implemented cloud-based services for business functions, such as CRM, payroll, and enterprise communication, to ensure remote access to data. The need to protect the information stored in the cloud is increasing, which is leading to a greater demand for security solutions. Governments worldwide are implementing stringent regulations to enforce data security among banking and healthcare organizations. Thus, the rising adoption of cloud-based services and growing cloud data-related security concerns are expected to lead to the increased adoption of secure web gateways.
The low acceptance of SWG solutions in the enterprise segment is a major challenge to market growth. Many business organizations prefer cloud-based solutions to on-premises solutions because of their cost-effectiveness and ease of accessibility. Hence, cost-effective cloud deployment with better features and agility is the best option for such organizations. The cloud has become an integral part of IT in government healthcare agencies. For instance, federal, state, and local government agencies have moved their sensitive data to the cloud as it provides improved information management along with centralized data storage and high-speed networks, enabling increased productivity and enhanced data sharing and collaboration.
Furthermore, the benefits of cloud-based solutions include low upfront costs, simplified management of software maintenance and upgrades, effective security, high reliability, and integrative capabilities to connect functional gaps in existing systems and processes. Thus, the implementation of a secure web gateway and the data stored in the cloud are likely to be leaked, which, in turn, hampers the growth of the market.
The market research report includes the adoption lifecycle of the market research and growth, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and forecasting strategies.
Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
A10 Networks Inc.- The company offers a secure web gateway namely, Thunder Convergent Firewall. Also, they provide computer networking products and security solutions such as controllers, firewalls, hardware appliances, protection systems, and other networking products.
The report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market share growth by the cloud segment will be significant during the forecast period. The market is poised for substantial expansion during the forecast period, driven by the escalating requirement for data and identity security in corporate entities. With the proliferation of online security threats, the demand for advanced security solutions has witnessed a remarkable uptick. The implementation of cloud security solutions is gaining traction among both large enterprises and Small and Medium-sized Businesses (SMBs), as an increasing volume of sensitive and confidential data is being transmitted.
Get a glance at the market contribution of various segments View the PDF Sample
The cloud segment showed a gradual increase in market share with USD 2.13 billion in 2018. The utilization of mobile devices for professional and personal purposes is fueling the demand for cloud based security solutions, given their susceptibility to cyber-attacks. A Secure Web Gateway functions as a cyber-barrier, employing conventional firewall technology and 7-layered traffic inspection to safeguard against unauthorized traffic and web requests. It offers data leakage prevention, application-level control, and traditional firewall functionality to mitigate risks associated with malicious websites, Trojan horses, adware, spyware, and other harmful code. Personal data and company data are protected through stringent application control and data loss prevention mechanisms. Remote workers pose an additional challenge to data security, necessitating the deployment of a holistic security product. Banks and the financial sector, as well as large enterprises and the IT and Telecom industry, are prime targets for cybercrime. Cloud services have emerged as a popular solution for data protection and security, with secure data transfer being a critical concern. Data security software and network traffic management are essential components of a comprehensive security strategy, particularly for the protection of corporate Intellectual property in the Business Services, Finance, and Insurance (BSFI) sector. Such factors will lead to the growth of the segment during the forecast period.
For more insights on the market share of various regions Download PDF Sample now!
APAC is projected to contribute 31% of market growth by 2028. Technavio’s analysts have elaborately explained the regional market trends and drivers that shape the market during the forecast period. Another region offering significant growth opportunities to vendors is North America. The market in North America is expected to grow steadily during the forecast period. The key market in North America is the US. A few important factors contributing to the market growth in North America are the increased adoption of secure web gateway solutions by end-user industries, the shift from conventional IT services to Internet-based IT systems, the growth of end-user industries, increased government initiatives for the implementation of secure web gateways, and the growing number of IT companies and IT startups. Although the maturity of the economic condition in the US is expected to hamper market growth during the forecast period, several government initiatives and regulations on the use of cyber security solutions are expected to fuel the demand for secure web gateway solutions in North America.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.
The market is crucial in combating the growing threats posed by web-based threats and browser-based attacks. With the proliferation of malicious links and malicious code, organizations seek comprehensive solutions to safeguard their personal data and company data. Secure Web Gateway solutions offer end-to-end holistic security, encompassing URL filtering, data leak prevention, and real-time detection of malware and suspicious traffic. Utilizing secure web technology and cloud infrastructure, these gateways provide granular use controls and application-level control to mitigate risks. As cybersecurity incidents and online frauds continue to rise, Secure Web Gateways play a pivotal role in providing enhanced network protection for financial sectors and large enterprises, ensuring a secure online environment for businesses, mobile banking, and users alike.
|
Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
179 |
|
Base year |
2023 |
|
Historic period |
2018 - 2022 |
|
Forecast period |
2024-2028 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 26.79% |
|
Market growth 2024-2028 |
USD 19.44 billion |
|
Market structure |
Fragmented |
|
YoY growth 2023-2024(%) |
22.1 |
|
Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
|
Performing market contribution |
APAC at 31% |
|
Key countries |
US, China, UK, Germany, and Japan |
|
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
|
Key companies profiled |
A10 Networks Inc., Barracuda Networks Inc., Cato Networks Ltd., Check Point Software Technologies Ltd., Cisco Systems Inc., Citrix Systems Inc., Comodo Security Solutions Inc., Contentkeeper Technologies, DATA443 RISK MITIGATION, INC., F5 Inc., Forcepoint LLC, McAfee LLC, Menlo Security Inc., Netskope Inc., NortonLifeLock Inc., Open Text Corp., Sangfor Technologies Inc., Sophos Ltd., Trend Micro Inc., and Zscaler Inc. |
|
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, Market growth and Market Forecasting, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for Market forecast period |
|
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Deployment
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Get the report (PDF) sent to your email within minutes.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
