The global market for the Application Gateway is anticipated to develop at a compound annual growth rate (CAGR) of 9.9% throughout the course of the forecast, to reach USD 3.74 Billion by 2028.
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"The Global Application Gateway Market 2018-2028 (USD Billion)")
The market size for global application gateway is anticipated to reach at USD 4 billion by 2025. The factors such as increase in requirement for protected networks along with the growth in various application layer-attacks is responsible for the global application gateway market growth. Continuous need for network performance management owing to the evolution of cyberattacks along with optimization solutions to proficiently handle changing intricate network environments is likely to promote the growth of application gateway market growth in the near future.
The application gateway technology offers security for computer networks. It protects the network from unauthorized access and illegal traffic through a firewall, facilitating a secure connection to the user. Organizations need secure networks for proper and efficient functioning of their business. The information and applications transmitted through an unprotected network might cause different types of attacks such as phishing, worms, and spyware. The application gateway offers an application layer security for businesses of all industry verticals including IT and telecom managed, BFSI, smart government, retail, among other.
Application Gateway Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2028 |
| Study Period | 2018-2028 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2028 | USD 3.74 Billion |
| Growth Rate | CAGR of 9.9 % during 2018-2028 |
| Segment Covered | By Product, Regions |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | F5 Networks, SAP, Orange, Microsoft, Palo Alto Networks, Forcepoint, Zscaler, Citrix, Akamai, and Aculab. |
Key Segment Of The Application Gateway Market
By Product,(USD Million)
• Telecom
• BFSI
• Others
By Application,(USD Million)
• Digital Signature for BFSI
• Digital Signature for Real Estate
• Digital Signature for Education
• Digital Signature for Government
• Digital Signature for Healthcare
• Digital Signature for Retail
• Digital Signature for Transportation
• Digital Signature for Legal Processes
• Digital Signature for Other Verticals
Regional Overview, (USD Million)
North America
• US
• Canada
Europe
• Germany
• France
• UK
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• Rest of Asia Pacific
South America
• Mexico
• Brazil
• Rest of South America
Middle East and South Africa
Frequently Asked Questions (FAQ) :
The market value of application gate way market in 2028 was USD 3.74 Billion
The Global application gateway Market is Segmented on the basis of Organization Size,Component,Application,Regions.
The major contenders in the global application gateway market Microsoft, SAP, Orange, F5 Networks, Palo Alto Networks, Forcepoint, Zscaler, Citrix, Akamai, Aculab, Imperva, Barracuda Networks, KEMP Technologies, SNAPT, AVI Networks, and more
The increasing security concerns, along with rising frequency of various application layer attacks among the organizations have propelled the growth of application gateway market in the past few years. The BFSI as well as IT & telecom sectors have experienced numerous security breaches and attacks such as SQL injection, cross-site scripting, cookie poisoning, forceful browsing, Distributed Denial of Service (DDoS), botnets, among other. With facilities such as internet banking, mobile banking, and smart banking features, BFSI organizations need to prioritize security solutions to prevent from such cyber-attacks on their systems. The cybersecurity and network security industry players are coming up with advanced security solutions to meet the dynamic nature of the business environment and tackle the growing intricacy of attacks. For example, in June 2019, Microsoft introduced Amazon Azure Gateway Web Application Firewall, which enables users to make their own guidelines with Internet Protocol (IP). On the other hand, the growing adoption of the Internet of Things (IoT), Artificial Intelligence (AI), and software defined network technologies are likely to offer lucrative prospects for the application gateway industry growth in the coming few years.
Component Segment
The global application gateway market contains both solution and service segment. The solution segment has maximum revenue share within the global application gateway market in 2019. The industry participants within the application gateway market are focusing on building innovative solutions that can tackle security threats and phishing attacks against employees, ransomware, advanced persistent threats, denial-of-service-attacks, as well as securing mobile devices authorized for employees. However, the service segment is likely to grow at a staggering rate in the next five years.
Organization Size Segment
Based on the organization size segment, the market is bifurcated into two sub-segments that are small & medium, and large enterprise. In 2019, the large segment gathered the largest market revenue and it is anticipated to govern the application gateway market throughout the forecast period. However, the small & medium segment is anticipated to grow at a substantial growth rate over the forecast period.
Application Segment
Based on the application, the market is segmented into BFSI, telecom & IT, healthcare, retail, manufacturing, media & entertainment, and others. The market for telecom & IT is anticipated to possess the largest market share in 2019 since the Tech companies today are predominantly developing to match their user needs. Moreover, the growing regulatory scrutiny coupled with enhanced customer satisfaction, as well as advantages such as risk management, fraud detection, and customized solutions are some of the factors responsible for the application gateway demand.
The global application gateway industry is a wide range to North America, Asia Pacific, Europe, South America, and the Middle East & Africa. North America is considered a mature market in the application gateway applications, owing to an outsized presence of organization with the availability of technical expertise and advanced IT infrastructure. The US and Canada are the highest contributory countries to the expansion of the application gateway market in North America.
The major players of the global application gateway market are Microsoft, SAP, Orange, F5 Networks, Palo Alto Networks, Forcepoint, Zscaler, Citrix, Akamai, Aculab, Imperva, Barracuda Networks, KEMP Technologies, SNAPT, AVI Networks, and more. The application gateway market is fragmented with the existence of well-known global and domestic players across the globe.