Market Research Report
Secure Web Gateway - Global Market Outlook (2018-2027)
|Secure Web Gateway - Global Market Outlook (2018-2027)|
Published: February 20, 2020
Stratistics Market Research Consulting
Content info: 167 Pages
Delivery time: 2-3 business days
According to Stratistics MRC, the Global Secure Web Gateway Market is accounted for $3.84 billion in 2018 and is expected to reach $19.65 billion by 2027 growing at a CAGR of 19.9% during the forecast period. Some of the key factors influencing the market growth include rising number of sophisticated cyber-attacks, growing need for end-to-end holistic security products, and Proliferation in the adoption of cloud-based applications. However, low acceptance of SWG solutions in the enterprise segment hampers the growth of the market.
Secure web gateways offer a paramount internet experience, where the solution sanitizes internet traffic by filtering unwanted/undesirable software and levys both regulatory and corporate compliance. The emergence of secure web gateway protects customer's data when they are connected to unregulated networks with a consistent protection policy. Furthermore, the secure web gateway maximizes web efficiency with structured regulations. The solution provides the best-layered protection to boost security; block information loss; and safeguard encrypted traffic.
Based on the end-user, the Banking, Financial Services, and Insurance (BFSI) vertical is always on the lookout for security products and services to protect the industry's employees, customers, assets, offices, branches, and operations, and this vertical therefore holds a significant percentage of the total SWG market. This vertical is continuously upgrading its processing and transaction technologies, and therefore, requires end-to-end security solutions to protect operations from both internal and external threats. Smart banking, internet banking, and mobile banking are the factors that have led the BFSI vertical to focus more on SWG.
By Geography, Asia Pacific has undergone tremendous economic growth, political transformation, and social change. Owing to the sophistication of threats, countries such as Hong Kong, India, Japan, and Singapore have updated or launched new national security policies. In terms of threats, Ransomware attacks were majorly seen in this region, followed by Distributed Denial of Service (DDoS) and targeted attacks such as phishing and email spoofing. The growing awareness of security breaches and their impact on customer trust and reputation of companies has led to the demand for SWG solutions in the region.
Some of the key players in global secure web gateway market are McAfee, Cisco Systems, Dell Inc., Contentkeeper, NortonLifeLock Inc. (Symantec), CATO Networks, Zscaler, Menlo Security, Sangfor Technologies, Check Point Software Technologies, IBM, Forcepoint, Thoma Bravo (Barracuda Networks), Comodo, Microsoft Corporation, and NetSkope.
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.