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Global Secure Web Gateway Market to Witness Revolutionary Growth of USD 22.00 Billion by 2029

As per the report published by Fior Markets, the global secure web gateway market is expected to grow from USD 6.03 billion in 2021 and to reach USD 22.00 billion by 2029, growing at a CAGR of 17.55% during the forecast period 2021-2029.

The secure web gateway market is witnessing significant growth in the past years. This growth is attributed to the increasing need to prevent data from cyber-attacks & malware, the growing need for end-to-end holistic protection products, the increase in sophistication of businesses, growth in the mobile workforce, and the demand for substantial protection needs.

A secure web gateway covers users from web-based perils and applies and implements corporate permissible use policies. Secure web gateways have evolved growingly standard as cybercriminals have expanded more sophisticated in entrenching peril vectors into apparently innocuous or professional-looking websites. Secure web gateways are installed as a hardware device or software ingredient on the edge of the web or at user endpoints. Security managers should notify any web gateway protection problems through their monitoring solution of choice. At minimum, secure web gateways involve malevolent-code detection & filtering, URL filtering, and application controls for popular web-based applications like Skype & instant messaging (IM).

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The global secure web gateway market is expected to witness significant growth due to the rising utilization of the internet & the increased rapid demand for protecting & ensuring end-user data from malware attacks and data breaches in the industry. The unregulated nature of the internet, high adoption of assured web gateway solutions as they offer complete information encryption & avoid unauthorized user entrance are the driving factors of the market growth during the forecast period. The availability of more specific & alternate products is expected to hinder the market growth. The increase in the adoption of cloud-based security technologies is anticipated to opportunity for market growth. The shortage of awareness for secured web gateway solutions is expected to challenge market growth.

Key players operating in the global secure web gateway market include Zscaler, NortonLifeLock, Check Point Software Technologies, Cisco, Trend Micro Incorporated, Forcepoint, Sophos Group PLC, Sangfor Technologies, McAfee LLC, Comodo Group, Cato Networks, A10 Networks, Thoma Bravo, Content Keeper, Netskope, Menlo Security, Citrix Systems, and F5 Networks, and among others. To gain a significant market share in the secure web gateway market, the key players are now focusing on adopting product innovations, mergers & acquisitions, recent developments, joint ventures, collaborations, and partnerships. Check Point Software Technologies and Symantec are vital manufacturers operating in the secure web gateway market.

  • For example, Check Point Software Technologies partnered with Singapore Polytechnic in May 2019 to enhance cyber security skills in Singapore.
  • For example, Symantec acquired Luminate Security in February 2019, a software defined zero & perimeter trust innovator. The acquisition allowed Symantec to expand its (ICD) Integrated Cyber Defense portfolio.

The threat protection solutions segment dominated the market and held the largest market share of 59.12% in the year 2021

On the basis of components, the global secure web gateway market is segmented into solutions and services. The segment is further sub-segmented into threat protection, data protection, and access control. The threat protection solutions segment dominated the market and held the largest market share of 59.12% in the year 2021. This growth is attributed to the rising use of the internet over the globe.

Cloud segment dominated the market and held the largest market share of 57.20% in the year 2021

On the basis of deployment model, the global secure web gateway market is segmented into cloud and on-premise. Cloud segment dominated the market and held the largest market share of 57.20% in the year 2021. This growth is attributed to the increasing adoption of cloud-based services.

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Large enterprise segment dominated the market and held the largest market share of 60.10% in the year 2021

On the basis of organization size, the global secure web gateway market is segmented into large enterprise and SMEs. Large enterprise segment dominated the market and held the largest market share of 60.10% in the year 2021. This growth is attributed to the rise in trends like cloud-based applications and Bring Your Own Device (BYOD) applications.

BFSI segment dominated the market and held the largest market share of 25.12% in the year 2021

On the basis of vertical, the global secure web gateway market is segmented into retail & e-commerce, energy & utilities, government & defense, BFSI, manufacturing, healthcare, telecom, and others. BFSI segment dominated the market and held the largest market share of 25.12% in the year 2021. This growth is attributed to the accelerated transformation of enterprise procedures and the provision of new revenue models utilizing digital technologies. Furthermore, mobile banking, internet banking, and smart banking also help boost the segment’s growth.

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Regional Segment of Secure Web Gateway Market

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Rest of APAC)
  • South America (Brazil and Rest of South America)
  • The Middle East and Africa (UAE, South Africa, Rest of MEA)

Based on geography, the secure web gateway market has been classified into North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa. The North America region holds the largest market share of 35.17% in the year 2021. This growth is attributed to the increasing adoption of cloud technology. Further, the manufacturing ability, productivity, customer base, profit margin, and ease of business also help to boost the region’s growth. The advancement in web protection is also propelling growth. The market in the Asia Pacific is expected to witness significant growth due to the increasing awareness of protection breaches and their influence on consumer trust and the reputation of organizations.

About the report:

The global secure web gateway market is analysed on the basis of value (USD Billion). All the segments have been analysed on global, regional and country basis. The study includes the analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insights of the market. The study includes porter’s five forces model, attractiveness analysis, raw material analysis, and competitors’ position grid analysis.

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About Fior Markets

Fior Markets is a futuristic market intelligence company, helping customers flourish their business strategies and make better decisions using actionable intelligence. With transparent information pool, we meet clients’ objectives, commitments on high standard and targeting possible prospects for SWOT analysis and market research reports. Fior Markets deploys a wide range of regional and global market intelligence research reports including industries like technology, pharmaceutical, consumer goods, food and beverages, chemicals, media, materials and many others.

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