Latest News- Secure Web Gateway Market: Cloud is expected to lead the Deployment segment during 2024-2028

The Secure Web Gateway Market is being driven by Rising number of cyber attacks

The Secure Web Gateway Market is expected to grow at a CAGR of 26.79% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 19449.1 million. In today's business landscape, cloud-based services have become essential for various applications, including authentication systems, video management, and biometric data storage. With an increasing number of banks and hospitals storing large volumes of confidential data in the cloud, it's crucial to secure this information from unauthorized access. The adoption of cloud-based services among Small and Medium Enterprises (SMEs) has surged due to their cost-effectiveness and lack of requirement for infrastructure support. Additionally, the flexibility and scalability of cloud-based secure web gateways cater to the varying needs of consumers, making it a popular choice. The rise of remote work has further accelerated the implementation of cloud-based services for business functions such as CRM, payroll, and enterprise communication, ensuring secure and uninterrupted access to critical data. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Deployment
  • Cloud
  • On-premises
• End-user
  • BFSI
  • IT and telecom
  • Government and defense
  • Others
• Geography
  • North America
    • US
  • Europe
    • Germany
    • UK
  • APAC
    • China
    • Japan
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rising number of cyber attacks
• Growing demand for integrated solutions
• Expanding digitalization

However, the market also witnesses some limitations, which are as follows:

• High implementation costs
• Low acceptance of SWG solutions in the enterprise segment
• Lack of skilled person and knowledge

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Market Scope in Secure Web Gateway Market Research Report

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Research Analysis Overview

In today's digital world, data breaches and malware attacks are a constant threat to both individual and organizational data. With the increasing number of remote employees and the shift to online work, safeguarding web security has become more critical than ever. A Secure Web Gateway (SWG) acts as a cyber-barrier, protecting against malware, viruses, Trojans, spyware, adware, and other malicious web traffic. Data breaches can lead to significant financial and reputational damage. Malicious websites and unauthorized traffic pose online security threats, putting sensitive information at risk. Remote employees working from unsecured networks can inadvertently introduce harmful software, such as Trojan horses or system viruses, into the internal network. A Secure Web Gateway helps prevent these threats by inspecting and filtering web requests, blocking access to known malicious websites, and enforcing company policy. It provides a comprehensive solution to protect against unknown spyware, adware, and other online threats. By implementing a SWG, organizations can secure their data, safeguard their reputation, and ensure their remote employees are working in a secure environment.

Market Research Overview

According to Technavio, the global Secure Web Gateway market is a segment of the expansive Global IT Software Market, specifically the Systems Software Market. This market encompasses organizations involved in the development and production of various software solutions, including application development and management software, cloud computing software, data center and hosting software, IT management software, mobility software, networking software, security software, and storage software. Technavio's market analysis calculates the size of the Systems Software Market by aggregating the revenues generated by companies offering all types of systems software, including cloud-based solutions. The IT Software Market supercategory also includes entities engaged in the development and production of database management software, while excluding those specializing in home entertainment software.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
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