Authored By: Sarah
11 Jul 2024

 Application Gateway Market Size to grow by USD 1038.2 million between 2024-2028

According to a research report “ Application Gateway Market” by End-user (Large enterprises, SMEs) Geography (North America, Europe, APAC, Middle East and Africa, South America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 1038.2 million, at a CAGR of  8.51% during the forecast period. The surge in smartphone usage and extensive Internet penetration have significantly boosted the popularity of mobile commerce (m-commerce), enabling consumers to access a wide range of products with unlimited flexibility in terms of time and location. This trend is further propelled by the integration of convenient payment gateways into m-commerce platforms, enhancing the customer experience and increasing brand recall value for vendors. The Application Gateway Market is poised for substantial growth during the forecast period, fueled by the increasing adoption of mobile devices and the rising preference for m-commerce transactions.

Browse market data tables, figures, and in-depth TOC on “Application Gateway Market” by End-user (Large enterprises, SMEs) Geography (North America, Europe, APAC, Middle East and Africa, South America) Global Forecast to 2028. Download Free Sample

 

By End-user, the Large enterprises segment is projected to dominate the market size in 2024

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By Geography, North America  segment is expected to hold the largest market size for the year 2024

The Application Gateway market is experiencing significant growth due to the increasing demand for secure and efficient application delivery. This solution provides advanced security features, including web application firewall and single sign-on, ensuring business applications are protected from external threats. Additionally, Application Gateway's load balancing capabilities optimize application performance and availability, enhancing the user experience. Companies are investing in this technology to streamline operations, reduce costs, and improve security in their IT infrastructure.

North America is forecasted to hold the largest market size by region in 2024

The Application Gateway market is experiencing significant growth due to the increasing demand for secure and efficient application delivery. This solution provides businesses with advanced security features, including web application firewall and secure sockets layer/transport layer security, ensuring data protection. Additionally, Application Gateway enables traffic management and load balancing, enhancing application performance and availability. These benefits make it an essential component for digital transformation initiatives.

The Application Gateway Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Aculab Plc
  • Akamai Technologies Inc.
  • Alphabet Inc.
  • Amazon.com Inc.
  • Cisco Systems Inc.
  • Citrix Systems Inc.
  • Cognizant Technology Solutions Corp.
  • CyberArk Software Ltd.
  • F5 Inc.
  • Forcepoint LLC
  • Imperva Inc.
  • International Business Machines Corp.
  • Kemp Technologies Inc.
  • Microsoft Corp.
  • Oracle Corp.
  • Orange SA
  • Wipro Ltd.
  • Zscaler Inc.
.

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Research Analysis Overview

The Application Gateway Market is witnessing significant growth due to the increasing number of cyber threats targeting Financial Service Organizations (FSOs) providing Internet and mobile banking services. These threats include Cookie poisoning, SQL injection, and Cross-site scripting attacks, which can lead to unauthorized access, fraud, and data breaches. Mobile banking and smart banking have become popular, but they also present new challenges. Mobile devices are vulnerable to ransomware, advanced persistent threats, phishing attacks, and DDoS attacks, which can cause downtimes and network failures. Protected networks are not immune to breaches. Firewalls are no longer enough to secure Internet Facing Services from Application Layer Attacks. Checkpoint Security's Application Gateway provides an additional layer of protection against these threats. Video communication platforms are also at risk. Cybercriminals can exploit vulnerabilities to launch attacks, leading to data breaches and financial losses. Cloud-based applications are increasingly popular, but they also present new security challenges. The Application Gateway Market is expected to grow as organizations seek to protect their applications and services from cyber threats. Key players in the market include Checkpoint Security, Citrix Systems, and F5 Networks. The market is expected to grow at a CAGR of 12.2% between 2021 and 2026.

Market Research Overview

The Application Gateway Market is witnessing significant growth due to the increasing need for strengthening network security against cyberattacks. With the rise of intellectual property theft through hacking, network security has become a top priority for financial service organizations, large enterprises, and even small and medium-sized businesses (SMEs). Application Gateways, also known as Application Proxies or Application Layer Gateways, act as a security component in the network infrastructure by providing application-level proxy services. These gateways protect against various application-level threats such as instant messaging apps, RTSP, SIP, FTP, and NAT traversal filters. They offer Network Address Translation (NAT) and application-level filtering, making them effective against cybersecurity threats like botnets, cookie poisoning, SQL injection, and cross-site scripting. Application Gateways are crucial for securing mobile banking, internet banking, and smart banking services against fraud. They offer support and maintenance, integration and deployment, and consulting services to ensure seamless implementation. With the integration of advanced cybersecurity technologies like Artificial Intelligence (AI), Application Gateways can effectively counter advanced persistent threats, phishing attacks, and data breaches. The Application Gateway Market caters to various industries, including healthcare, IT and telecommunication, and commercial organizations, providing protection for internet-facing services and cloud-based applications. Application Gateways offer network protection against DDoS attacks, network outages, and network failures, ensuring business continuity and data security. Security vendors offer comprehensive solutions to safeguard against application layer attacks, making the Application Gateway Market an essential component of modern cybersecurity technology.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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