Secure Web Gateway Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2019 To 2027

Key Market Insights

Rising cyber threats has increased the demand for secure web gateway market

A secure web gateway is a type of security solution which resists and prevents the unsecured data traffic from entering into the internal networks of an organization. Additionally, these gateways also provide protection against online security threats which are affecting a company’s security policies and filters malicious internet traffic in real-time. Moreover, a secure web gateway also provides application controls for web applications, URL filtering, and the detection & filtering of malicious code. These gateways also prevent data leakage increasing work efficiency.

The increasing penetration of the internet across the globe is considered a major factor driving the market across the globe. The rise in digitalization has increased the adoption of the internet due to which cyber-attacks are also increasing with each passing year which is one of the major factors driving the secure web gateway market across the globe. Moreover, various companies are storing their data online which can be hacked and can be leaked causing huge losses to the companies.

Overall, the global secure web gateway market was US$ 2,647.7 Mn in 2018 and expected to reach US$ 13,625.5 Mn by 2027, growing at a CAGR of 20.1% from 2019 to 2027.

Component Segment Analysis

Secure web gateway with software solutions in its component segment is the dominating Market

In 2018, the software solutions segment led the overall secure web gateway market garnering more than 55.0% of the market share. The increasing use of the internet across the globe and rising cybercrimes is one of the major factors which is driving the market. Moreover, these software solutions provide protection against ransomware, viruses and malware code, and others. The software solutions segments are further segmented as email gateway, data loss prevention (DLP), social media control, and content inspection management.

Regional Analysis

North America Dominates the Market by Region

The global secure web gateway market was dominated by North America having a market share (in revenue) of more than 38% in the year 2018. The rising adoption of cloud technology and increasing the implementation of secure web gateway solutions in BFSI, IT & telecom, and healthcare industry is one of the major factors driving the market across the region. Moreover, the advancement in web security is also considered as a factor that is propelling in the growth. The US accounted for the largest share in 2018 and is set to continue dominating the market during the forecast period.

Technological advancement is keeping the market competitive

The global secure web gateway market is competitive in nature. Some of the prominent players operating in the secure web gateway are Juniper Networks Inc., F5 Networks, Microsoft Corporation, Forcepoint, Symantec Corporation, Sophos Group Plc., IBM Corporation, etc. among others. These market players are adopting strategies such as a partnership with other companies having excellence in technology, and launching new and advanced solutions to stay competitive in the global market. Following is the list of players included in the published reports.

List of Companies Covered:

• Juniper Networks Inc.
• F5 Networks, Inc.
• Check Point Software Technologies Ltd.
• Microsoft Corporation
• Forcepoint
• Symantec Corporation
• Sophos Group Plc.
• IBM Corporation
• Cisco Systems, Inc.
• iBoss Network Security
• WatchGaurd Technologies Inc.
• Others

Key Industry Development:

In March 2020, Juniper Networks Inc. announced that it has been selected by Asia’s leading medical institutes, D. Y. Patil Hospital & Research Center of Pune, India to upgrade its network security. This will help to ease management and maintenance and will allow the institute to deliver world-class technology-driven healthcare service with zero downtime.
In January 2020, F5 Networks, Inc. announced that it has completed the acquisition of Shape Security, a firm working in online fraud and abuse prevention. With Shape’s sophisticated AI, anti-fraud technologies, and cloud-based analytics, F5 along with its NGINX can provide superior service to its clients. With this acquisition, F5 is expected to increase its market share in the near future.

Historical & Forecast Period

The research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded annual growth rate (CAGR) for each respective segments calculated for the forecast period from 2019 to 2027.

Unique data points of this report

Key questions answered in this report

• What was the market size of the secure web gateway market in 2018 and forecast up to 2027?
• What are the key factors driving the global secure web gateway market?
• What are the key market trends and high-growth opportunities observed in the secure web gateway market?
• Which is the largest regional market for a secure web gateway market?
• Which segment will grow at a faster pace? Why?
• Which region will drive the market growth? Why?
• Which players are leading the secure web gateway market?
• What are the key strategies adopted by the leading players operating in the market?

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