The global secure web gateway market has been classified into five geographical regions namely North America, Europe, Asia Pacific, Middle East & Africa and South America. Proliferation in the adoption of cloud based applications, growing demand for end-to-end security solutions and increasing dependency on the internet are some of the fundamental factors that are expected to boost the global secure web gateway market over the forecast period. Global secure web gateway market is expected to grow at CAGR of 20.7% during the forecast period from 2017 to 2025. The market is estimated to reach a valuation of US$12,443.0 mn by the end of 2025.
In terms of component, the market has been divided into solution and services. The report estimates that the solution segment will lead the global market in the coming years. This dominance will be supported by growing need for application level control, URL filtering, virus/malware code detection, and data leakage prevention. The solution segment is further divided into email gateway, social media control, data loss prevention, and content inspection management. Out of these sub-segments, the email gateway solution segment is anticipated to lead the global market as the need to safeguard emails from detrimental content, attachments, and data loss remains high.
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BFSI Segment to Lead as Banking Sector Adopts Mobile and Web-based Business Applications
On the basis of industry vertical, the global secure web gateway market is segmented into BFSI, telecom and IT, healthcare, retail, government and defense, education and others. Government and defense segment is anticipated to grow at highest CAGR over the forecast period. On the other hand, the BFSI sector is expected to be the key contributor to the global secure web gateway market. The growing adoption of web and mobile applications in the banking sector are expected to support the rise of this segment.
North America and Asia to Remain Integral to Growth of Global Secure Web Gateway Market
In 2016, North America region held highest market share for secure web gateway market closely followed by Asia Pacific. Secure web gateway solution and services providers in North America are collaborating with each other and focusing on offering various advanced technology solutions to the consumers. In November 2017, Fortinet, a cybersecurity solution provider collaborated with Amazon Web Services (AWS) to expand its virtualized security fabric applications and web security solutions portfolio. The early adoption of BYOD and various technological advancements are helping the North American market to generate highest revenue.
The U.S. held highest market share in 2016 for North America and is estimated to grow at highest CAGR during the forecast period owing to the growing adoption of cloud technology and growing implementation of secure web gateway solutions in healthcare industry. In North America, due to the rapid advancements in web security solutions in order to prevent viewing and accessing the malicious content and exposure to the patients’ confidential information, the healthcare industry segment is expected to grow at significant CAGR.
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Secure web gateway market in Asia Pacific is estimated to grow at highest CAGR of 22.9% during the forecast period. The adoption of advanced web security solutions by small and medium enterprises and increasing dependency on the internet across countries namely China, India and Japan in the region are expected to drive the Asia Pacific secure web gateway market. India is estimated to grow at significant CAGR among the countries in Asia Pacific region during the forecast period owing to the increasing dependency on the internet and large number of small and medium scale organizations. BFSI industry segment is expected to hold highest market share in China in 2016 due to the rising adoption of web and mobile based business applications in banking sector.
The key players profiled in the global secure web gateway market includes Forcepoint, Symantec Corporation, Sophos Group Plc., IBM Corporation, Cisco Systems, Inc., iBoss Network Security, WatchGaurd Technologies Inc., Juniper Networks Inc., F5 Networks, Check Point Software Technologies Ltd. and Microsoft Corporation.
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