Web Application Firewall Market Segmentation:
End User Segment Analysis
By 2035, the BFSI segment is expected to hold the largest share of the web application firewall market with a share of about 31%. The increasing trend of digital transformation in banking, financial services, and insurance (BFSI) organizations has led to a rise in web applications. Banks and other financial institutions are increasingly turning to web application firewall solutions to protect their customers' data from malicious actors. These solutions are designed to detect and block malicious traffic and protect the sensitive information stored in online banking systems.
Deployment Model Segment Analysis
The on-premise segment is poised to hold over about 54% share of the global web application firewall market by 2035. Organizations are looking for more control over their data and security. With on-premises deployment, organizations can manage and monitor their security operations in-house whilst ensuring data protection and security. Furthermore, this mode of deployment allows for greater customization to meet specific requirements within an organization. Additionally, with on-premise firewalls, organizations can have greater control over the traffic coming into and leaving out of their networks, allowing them to better protect their applications from malicious actors.
Our in-depth analysis of the global market includes the following segments:
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