Apac Business Headlines
The demand for Web-based application protection to prevent potential data breaches continued to increase significantly across the Asia-Pacific region. Several factors are driving the rapid growth of the market, including the rising Internet penetration, more organizations shifting their business services onto the Web, tightening international compliances and local regulations related to data protection.
The cloud-based WAF segments experienced an impressive growth rate of 88.9 percent, greatly contributing to the strong growth of the overall WAF market at 27.6 percent year-on-year growth in 2016. “However, the increasing buzz around Advanced Persistent Threats (APT) and innovative malware attacks will drive customers to prioritize solutions to defend against these threats,” said Frost & Sullivan Industry Analyst Vu Anh Tien.
“For most companies with limited security budgets and low priority given to WAF solutions will be key challenges for WAF vendors. Lack of skilled resources to manage the WAF may also exacerbate the situation,” he added. Asia-Pacific Web Application Firewall Solutions Market, Forecast to 2021, recent research from Frost & Sullivan’s Network Security Growth Partnership Service program, finds that the WAF market in most APAC countries, especially China, Hong Kong, India and Singapore, is growing strongly. This is due to the escalation of sophisticated attacks on web applications which drives the need for WAF capabilities to protect on-premises, virtual and cloud applications. Key market players in the region include Imperva, F5 Networks, Penta Security, Akamai, Barracuda Networks, NSFOCUS, and Venustech.
Areas with robust growth opportunities in the APAC WAF solution market include:
“Virtual WAF and cloud-based WAF are seen as the best choices for organizations to protect their virtual assets in the cloud. This is mostly true in mature markets such as Australia, Japan, China, Singapore, India and South Korea, with their mass adoption of virtualization and cloud services,” said Tien.
“In emerging markets, cloud-based WAF, with its advantages in terms of affordability, flexibility and being management-free, will fit requirements of most enterprises, particularly small and medium businesses and those adopting hybrid security models,” he explained.