The COVID-19 pandemic caused a surge in online business and rapid adoption of digital technologies, triggering an explosion in business applications and application programming interfaces (APIs) that drive connected experiences. IT infrastructure is now more complex. Customers deploy wide-ranging applications across diverse environments and architectures, including private and public clouds, data centers, edge devices, containers, microservices, and serverless computing.
However, the evolving threat landscape and agile development processes have made legacy web application firewall (WAF) solutions unable to scale and meet fast-changing security requirements. Now, a modern application security strategy is critical to protect against application-layer attacks, including account take over, botnets, API abuse, distributed denial of service (DDoS), and the OWASP Top 10 attacks. Integrating application security into the DevOps process to embrace a SecDevOps or DevSecOps framework and meet today’s modern applications and deployments is imperative.
Today’s WAF solutions must deploy quickly across any environment, enabling organizations to secure all applications regardless of their hosting environments and architectures. Flexible deployment (cloud, on premises, or at the edge) and operational choices (fully managed, self-service, or SaaS-delivered) are a must to best suit individual use cases, depending on each organization’s infrastructure.
From a field of more than 30 domestic and global industry players, Frost & Sullivan assessed the top 10 dedicated WAF providers with at least 1% market share in Greater China.
These 10 leaders are both Chinese and international players with an active business presence across China, Hong Kong, and Taiwan: Akamai Technologies, Alibaba Cloud, Cloudflare, F5, Imperva, NSFOCUS, Sangfor Technologies, Topsec, Venustech, and Wangsu-CDNetworks.
Author: Vivien Pua

The Strategic Imperative
The Strategic Imperative (continued)
The Strategic Imperative (continued)
The Growth Environment
Frost Radar™: Greater China WAF Solutions Market
Frost Radar™: Competitive Environment
Frost Radar™: Competitive Environment (continued)
Akamai Technologies
Alibaba Cloud
Cloudflare
F5
Imperva
NSFOCUS
Sangfor Technologies
Topsec
Venustech
Wangsu-CDNetworks
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.
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Growth Dialog™
A tailored session with you where we identify the:- Strategic Imperatives
- Growth Opportunities
- Best Practices
- Companies to Action
Impacting your company's future growth potential.
| Deliverable Type | Frost Radar |
|---|---|
| Author | Vivien Pua |
| Industries | Information Technology |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | Web Application Firewall (WAF) |
| Keyword 2 | Web Application Firewall Solutions Market |
| Keyword 3 | WAF |
| Podcast | No |
| WIP Number | MG92-01-00-00-00 |
Frost Radar™: Greater China Web Application Firewall Solutions Market, 2022
A Benchmarking System to Spark Companies to Action—Innovation that Fuels New Deal Flow and Growth Pipelines
24-Aug-2022
Asia Pacific
Frost Radar
