Growing Use of Web Applications in Asia-Pacific Businesses Spurs Installation of Web Application Firewalls, Finds Frost & Sullivan

Information Technology Press Releases Friday June 14, 2013 17:08
Bangkok--14 Jun--Frost & Sullivan Thailand

The increasing use of web applications in enterprises, along with the rise in cyber attacks and regulatory requirements, has lent momentum to the web application firewall (WAF) market in Asia-Pacific. While standalone WAF dominates the market, the integration of WAF with other platforms will become popular as well.

New analysis from Frost & Sullivan (http://www.networksecurity.frost.com), Asia-Pacific Web Application Firewall Market, finds that the market earned revenues of more than US$103.1 million in 2012 and estimates this to reach US$747.1 million in 2019 at a compound annual growth rate of 32.7 percent. China is expected to surpass South Korea and become the largest WAF market, even as the markets in Indonesia and Australia grow significantly.The proliferation of mobile devices and cloud computing technology in the workplace has heightened enterprise reliance on web applications to drive business processes.

"Hence, the need to secure web infrastructure, avoid website downtime issues and, thereby, reduce costs and ensure business continuity has encouraged the installation of WAF systems in companies in the Asia-Pacific," said Frost & Sullivan Information and Communication Technologies Industry Manager Cathy Huang. "The vulnerability of web applications to sophisticated cyber attacks has further prompted organizations across verticals, including in government and financial institutions, to turn to WAF solutions for security."

Regulations have contributed to the development of the WAF market in Asia-Pacific. Moreover, local policies regarding the protection of personal information have made it necessary for firms to adopt WAF, particularly in Japan and South Korea.

However, these mandates have also given rise to the perception that WAF is merely an obligation for compliance and not a necessary tool to protect web applications against attacks. As a result, several companies prefer WAF technology as a minor feature rather than a dedicated application.

The impression among organizations that WAF solutions are technically inadequate to protect from cyber attacks, along with the complexity involved in the management of WAF, has slowed down uptake too. Insufficient budgets hinder sales in less mature markets such as India. Therefore, educating businesses on the role of WAF in mitigating attacks is crucial for market expansion.

"The ability of vendors to provide cost-effective WAF solutions as well as WAF-as-a-service will be a critical differentiator for success in the Asia-Pacific market," remarked Huang. "Managed WAF services will become prominent in the coming years, offering added opportunities for security vendors and service providers in the region."

Frost & Sullivan Thailand, 02 637 7414

Latest Press Release

Fortinet Acquires Cloud-Based Threat Analytics Company ZoneFox

Ken Xie, founder, chairman of the board and chief executive officer, Fortinet said, "Enterprise organizations are experiencing a dramatic increase in the number of endpoints and users accessing data and cloud resources, which is also increasing the need...

Honor#s Singles# Day Sales Record Seals its Global Success, Bucks Trend Amid Global Downturn

Honor, the young, innovative and trendsetting smartphone e-brand for digital natives, announced today the brand was the top Singles' Day performer in terms of sales volume and revenue under the Smartphone category on both Tmall.com and JD.com, the two...

AIS Business announces its vision to be the leading and most-trusted ICT service provider Digital solutions designed to strengthen all business types

AIS Business, the corporate solutions arm of AIS, has announced its vision and policy to become the leading and most-trusted ICT service provider. AIS Business supports all types of enterprises as they prepare for growth and helps create new...

Thailands National Innovation Agency in Collaboration with True Digital Park Unveils Bangkok Cybertech District as a Global Centre for High Technology and Innovation

First Startup Thailand Centre also scheduled to open at True Digital Park inside Bangkok CyberTech District The National Innovation Agency (NIA) of Thailand and True Digital Park announced the launch of Bangkok CyberTech District, an innovation district...

Dahua Technology Establishes a Committee to Safeguard Consumer Rights

Dahua Technology, a leading solution provider in the global video surveillance industry, announces that a high-level taskforce has been established within the company to improve sales order of its products in the international security market, better...

Related Topics