Global Secure Web Gateway Market (2021-2027) by Component, Solution, Deployment, Organization Size, Industry Vertical, and Geography, IGR Competitive Analysis, Impact of Covid-19, Ansoff Analysis

The Global Secure Web Gateway Market is estimated to be USD 6.1 Bn in 2021 and is expected to reach USD 19.59 Bn by 2027, growing at a CAGR of 20.5%.



Key factors such as the rising intensities of cyber-attacks in various data-centric industry verticals have led to a need to implement end-to-end security solutions amongst the organizations. The fast pace of technology has heightened the sophistication level of malicious activities, thus exposing organizations to become vulnerable to a fatal espionage activity. These factors have led to the high adoption of Secure Web Gateway solutions (SDW) as they provide complete data encryption and avoid unauthorized user-access, thereby promoting the market growth.

The lower acceptance rate from the SMEs for the adoption of Secure web gateway solutions is likely to restrain the market growth

Market Dynamics

Drivers

• Growing Threat from Malware Attacks
• Rising Demand for End-To-End Security Solutions
• The Rise in Corporate Espionage Activities and Cyber-attacks

Restraints

• Low Acceptance Rate in Small Enterprises

Opportunities

• Increasing Usage of Cloud-Based Services
• Technological Advancement in Secure Web Gateway Solution Offerings

Challenges

• Lack of Awareness for Secured Web Gateway Solutions
• Complexity in Integration of Different Services

Segments Covered

By Component, the Solution segment is estimated to hold the highest market share during the forecast period. The segment's growth is due to the high need for virus/malware code detection, URL filtering, and data leakage prevention amidst the growing security threats faced by an organization. The SDW solutions provide encrypted traffic by providing layered protection and help in avoiding data loss. This is likely to create a high demand for the solutions.

By Solutions, Threat Protection segment is estimated to hold the highest market share during the forecast period. The threat protection solutions such as DNS security, sandbox, and antivirus are aimed at providing data integrity by safeguarding the users against malicious attacks, web content, and providing real-time protection. With the growing sophistication of cybercrimes, threat protection has been essential. Therefore the threat prevention segment is likely to hold a high demand resulting in a market segment growth.

By Deployment, the Cloud-Based deployment is estimated to hold the highest market share as most of the organizations are implementing the cloud-based security gateway model. The advantages such as cost-effectiveness and faster accessibility lead to an increased adoption amongst all types of enterprises. The secure cloud gateway can also protect the user devices and their network access irrespective of the OS, ensuring data security. This is boosting the growth of the cloud-based secure gateway market.

By Organization Size, Large Enterprises are estimated to hold the highest market share. The rising number of cloud-based applications followed by the growth of BYOD in enterprises has led to high exposure to security-related threats. This has led to a rise in these enterprises' adoption towards increased investments in end-to-end security solutions. This is benefitting the growth of Secure Web Gateway (SDW) solutions

By Industry Vertical, the BFSI sector is estimated to hold the highest market share during the forecast period. Since the BFSI sector deals with many transactions across a diverse portfolio of customers, the vertical has to continually ensure that the security solutions are updated to prevent any in-orderly threats to the internal systems. Moreover, the sector has also been applying smart technological applications such as smart banking and mobile banking options for its customers, creating a high demand for an efficient, secure web gateway solution to ensure data safety.

By Geography, North America is projected to lead the market. The factors attributed to the growth of the region are the technological impetus followed by the collaborative investments undertaken by the organizations in R&D activities for developing the SWG solutions and services. Additionally, the prominent presence of key market players has also been a crucial factor for the growth of the region.

The Global Secure Web Gateway Market is segmented further based on Component, Solution, Deployment, Organization Size, Industry Vertical, and Geography.

Company Profiles

Some of the companies covered in this report are IBM Corp, Check Point Software Technologies, Cisco Systems, Inc., Intel Corporation, Citrix, Microsoft Corporation, Dell Inc., Trend Micro, Inc., etc.

Competitive Quadrant

The report includes the Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Secure Web Gateway Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.

• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes in-depth market analysis using Porter’s 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report.

• The report also contains the competitive analysis using the Competitive Quadrant, the publisher’s proprietary competitive positioning tool.

Report Highlights:

• A complete analysis of the market including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market