Frost Radar™: Global Web Application Firewall Solutions Market, 2022
Published on: 11-Aug-2022 | SKU: IT04560-GL-MR_26796

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Across industries, business models have evolved into customer-centric, digitally dependent operations that rely on web and mobile applications to keep customers, employees, and other stakeholders connected. With this proliferation in application use, the cyberattack surface at the application layer has expanded and become porous with vulnerable entry points.

The increasingly sophisticated threat landscape challenges organizations to secure their back-end infrastructure, web servers, websites, and web applications against application-layer attacks while balancing responsibilities between their application development and security teams. The solution is to shift from a legacy web application firewall (WAF) strategy to a modern application security strategy. In this way, businesses can fully protect both their web-based applications and application program interfaces (APIs).

As the COVID-19 pandemic accelerated many organizations’ digital transformation, it also expedited their cloud migration process, spurring them to move infrastructure, applications, and assets to public cloud environments. Frost & Sullivan foresees that the demand for cloud-based deployment of WAF solutions will steadily trend upwards.

In this Frost Radar™, Frost & Sullivan shortlisted and assessed the top 9 dedicated WAF providers that have more than 1% share in the global market from a field of more than 20 global industry players. These 9 international companies have an active business presence in at least 2 regions across North America (NA), Europe, the Middle East and Africa (EMEA), Latin America (LATAM), and Asia-Pacific (APAC). This year’s Frost Radar™ players are Akamai Technologies, Barracuda Networks, Citrix Systems, Cloudflare, Fastly, F5, Fortinet, Imperva, and Radware.

Strategic Imperative

Strategic Imperative (continued)

Growth Environment

Growth Environment (continued)

Frost Radar™: Global WAF Solutions Market

Frost Radar™: Competitive Environment

Frost Radar™: Competitive Environment (continued)

Akamai Technologies

Barracuda Networks

Citrix Systems

Cloudflare

Fastly

F5

Fortinet

Imperva

Radware

Strategic Insights

Significance of Being on the Frost Radar™

Frost Radar™ Empowers the CEO’s Growth Team

Frost Radar™ Empowers Investors

Frost Radar™ Empowers Customers

Frost Radar™ Empowers the Board of Directors

Frost Radar™: Benchmarking Future Growth Potential

Frost Radar™: Benchmarking Future Growth Potential

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Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform

Growth Index

Growth Index (GI) is a measure of a company’s growth performance and track record, along with its ability to develop and execute a fully aligned growth strategy and vision; a robust growth pipeline system; and effective market, competitor, and end-user focused sales and marketing strategies.

  • Market Share (previous 3 years)
    This is a comparison of a company’s market share relative to its competitors in a given market space for the previous 3 years.
  • Revenue Growth (previous 3 years)
    This is a look at a company’s revenue growth rate for the previous 3 years in the market/industry/category that forms the context for the given Frost Radar™.
  • Growth Pipeline
    This is an evaluation of the strength and leverage of a company’s growth pipeline system to continuously capture, analyze, and prioritize its universe of growth opportunities.
  • Vision and Strategy
    This is an assessment of how well a company’s growth strategy is aligned with its vision. Are the investments that a company is making in new products and markets consistent with the stated vision?
  • Sales and Marketing
    This is a measure of the effectiveness of a company’s sales and marketing efforts in helping it drive demand and achieve its growth objectives.

Innovation Index

Innovation Index (II) is a measure of a company’s ability to develop products/ services/ solutions (with a clear understanding of disruptive Mega Trends) that are globally applicable, are able to evolve and expand to serve multiple markets and are aligned to customers’ changing needs.

  • INNOVATION SCALABILITY
    This determines whether an organization’s innovations are globally scalable and applicable in both developing and mature markets, and also in adjacent and non-adjacent industry verticals.
  • RESEARCH AND DEVELOPMENT
    This is a measure of the efficacy of a company’s R&D strategy, as determined by the size of its R&D investment and how it feeds the innovation pipeline.
  • PRODUCT PORTFOLIO
    This is a measure of a company’s product portfolio, focusing on the relative contribution of new products to its annual revenue.
  • MEGATRENDS LEVERAGE
    This is an assessment of a company’s proactive leverage of evolving, long-term opportunities and new business models, as the foundation of its innovation pipeline.
  • CUSTOMER ALIGNMENT
    This evaluates the applicability of a company’s products/services/solutions to current and potential customers, as well as how its innovation strategy is influenced by evolving customer needs.

Significance of Being on the Frost Radar™

Companies plotted on the Frost RadarTM are the leaders in the industry for growth, innovation, or both. They are instrumental in advancing the industry into the future.

  • GROWTH POTENTIAL
    Your organization has significant future growth potential, which makes it a Company to Action.
  • BEST PRACTICES
    Your organization is well positioned to shape Growth Pipeline™ best practices in your industry.
  • COMPETITIVE INTENSITY
    Your organization is one of the key drivers of competitive intensity in the growth environment.
  • CUSTOMER VALUE
    Your organization has demonstrated the ability to significantly enhance its customer value proposition.
  • PARTNER POTENTIAL
    Your organization is top of mind for customers, investors, value chain partners, and future talent as a significant value provider.

Have questions about this research or need deeper insights?
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  • Growth Opportunities
  • Best Practices
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Impacting your company's future growth potential.

Across industries, business models have evolved into customer-centric, digitally dependent operations that rely on web and mobile applications to keep customers, employees, and other stakeholders connected. With this proliferation in application use, the cyberattack surface at the application layer has expanded and become porous with vulnerable entry points. The increasingly sophisticated threat landscape challenges organizations to secure their back-end infrastructure, web servers, websites, and web applications against application-layer attacks while balancing responsibilities between their application development and security teams. The solution is to shift from a legacy web application firewall (WAF) strategy to a modern application security strategy. In this way, businesses can fully protect both their web-based applications and application program interfaces (APIs). As the COVID-19 pandemic accelerated many organizations’ digital transformation, it also expedited their cloud migration process, spurring them to move infrastructure, applications, and assets to public cloud environments. Frost & Sullivan foresees that the demand for cloud-based deployment of WAF solutions will steadily trend upwards. In this Frost Radar™, Frost & Sullivan shortlisted and assessed the top 9 dedicated WAF providers that have more than 1% share in the global market from a field of more than 20 global industry players. These 9 international companies have an active business presence in at least 2 regions across North America (NA), Europe, the Middle East and Africa (EMEA), Latin America (LATAM), and Asia-Pacific (APAC). This year’s Frost Radar™ players are Akamai Technologies, Barracuda Networks, Citrix Systems, Cloudflare, Fastly, F5, Fortinet, Imperva, and Radware.
More Information
Deliverable Type Frost Radar
Author Ying Ting Neoh
Industries Information Technology
No Index No
Is Prebook No
Keyword 1 Web Application Firewall Market
Keyword 2 WAF Market
Keyword 3 WAF solutions
Podcast No
WIP Number PD2D-01-00-00-00

Frost Radar™: Global Web Application Firewall Solutions Market, 2022

Information TechnologyFrost Radar™: Global Web Application Firewall Solutions Market, 2022

A Benchmarking System to Spark Companies to Action—Innovation that Fuels New Deal Flow and Growth Pipelines

RELEASE DATE
11-Aug-2022
REGION
Global
Deliverable Type
Frost Radar
Research Code: PD2D-01-00-00-00
SKU: IT04560-GL-MR_26796
AvailableYesPDF Download
$4,950.00
In stock
SKU
IT04560-GL-MR_26796