Authored By: Sarah
12 Jan 2023

Secure Web Gateway Market Analysis 2023-2027: Rising Number of Cyber-Attacks to Boost Market Growth     

The secure web gateway market share is expected to grow at a CAGR of 21.52% between 2022 and 2027. The rising number of cyber-attacks and the rising adoption of cloud-based security technologies provides a promising ground for the secure web gateway market. 

Advances in the Internet of Things (IoT) technologies have resulted in a rise in the number of cybercrimes. The increase in the adoption of secure web gateway solutions by enterprises to avoid cyberattacks will drive the growth of the market during the forecast period.

Technavio’s analysis on “Secure Web Gateway Market by End-user, Deployment, and Geography - Forecast and Analysis 2023-2027” projects that the market share is expected to increase by (value) at an accelerating CAGR during 2023-2027. 

Secure Web Gateway Market Analysis 2023-2027: Rising Number of Cyber-Attacks to Boost Market Growth 

BFSI to be the Fastest-Growing Secure Web Gateway Market Segment 

The secure web gateway market is segmented by end-user (BFSI, IT and telecom, government and defense, and others), deployment (cloud and on-premise), and geography (North America, Europe, APAC, Middle East and Africa, and South America).

The market share growth by the BFSI segment will be significant during the forecast period. The growing adoption of mobile devices and mobile banking among end-users has increased the need for a secure web gateway. Moreover, the large-scale shift toward working from home is exposing workers to critical cybersecurity vulnerabilities, thus resulting in an increase in the demand for secure web gateways. 

Low Acceptance of SWG Solutions Pose a Significant Challenge 

The low acceptance of SWG solutions in the enterprise segment is a major challenge to the secure web gateway market growth. Many business organizations prefer cloud-based solutions to on-premises solutions because of their cost-effectiveness and ease of accessibility. The implementation of a secure web gateway and the data stored in the cloud are likely to be leaked, which, in turn, hampers the growth of the market.

Major Secure Web Gateway Market Vendors 

The market structure is fragmented, and the vendors are implementing various strategies such as technological innovations to compete in the market.  

Some of the major secure web gateway market vendors are A10 Networks Inc., Barracuda Networks Inc., Cato Networks Ltd., Check Point Software Technologies Ltd., Cisco Systems Inc., Comodo Security Solutions Inc., Contentkeeper Technologies, Cyren Ltd., F5 Networks Inc., Forcepoint LLC, McAfee Corp., Menlo Security Inc., Netskope Inc., NortonLifeLock Inc., Sangfor Technologies Inc., Sophos Ltd., Trend Micro Inc., Zscaler Inc., Citrix Systems Inc., and Open Text Corp.

a10networks.com- The company offers secure web gateway namely, Thunder Convergent Firewall. 

Download the PDF Sample Report for highlights on the market size, growth momentum, regional growth opportunities, vendor analysis, and other factors influencing the market growth.   

Key Data Covered in the Secure Web Gateway Market Report  

  • Precise market size estimation during the forecast period 2023-2027. 

  • CAGR of the secure web gateway market forecast during 2023-2027.  

  • Market-level data on units, average selling prices, and values of the secure web gateway market share.  

  • Prediction of the upcoming trends, drivers, and factors that challenge the secure web gateway market.  

  • Secure web gateway market growth across North America, Europe, APAC, Middle East and Africa, and South America

Read News Read Less
Interested in this report?
Get your sample now!
Technavio