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.