Secure Web Gateway Market Size to grow by USD 11710.84 million between 2023-2027
According to a research report “ Secure Web Gateway Market” by End-user (BFSI, IT and telecom, Government and defense, Others) Deployment (Cloud, On-premise) Geography (North America, Europe, APAC, Middle East and Africa, South America)- Global Forecast to 2027 published by Technavio, the market size is estimated to grow by USD 11710.84 million, at a CAGR of 21.52% during the forecast period. The proliferation of Internet of Things (IoT) technologies has significantly expanded the attack surface for businesses, leading to a surge in cybercrimes. This trend has heightened the importance of secure web gateways as companies across industries strive to safeguard their valuable data and financial security. Amidst the evolving cyber threat landscape, the demand for robust cybersecurity solutions has never been greater. Despite substantial annual investments in cybersecurity projects, the number of cyberattacks continues to escalate, posing a significant risk to businesses. In some instances, enterprises may not even become aware of data breaches until long after the damage has been done.
Browse market data tables, figures, and in-depth TOC on “Secure Web Gateway Market” by End-user (BFSI, IT and telecom, Government and defense, Others) Deployment (Cloud, On-premise) Geography (North America, Europe, APAC, Middle East and Africa, South America) Global Forecast to 2027. Download Free Sample
By End-user, the BFSI segment is projected to dominate the market size in 2024
The Secure Web Gateway (SWG) market is poised for substantial expansion throughout the forecast period, driven by the escalating demand for robust data and identity security among corporate entities. With cyber threats and attacks on the rise, there is an urgent need for advanced security solutions to safeguard critical and confidential information. This trend is particularly prevalent among large enterprises and Small and Medium-sized Businesses (SMBs), as they increasingly adopt cloud security solutions to secure the growing volume of data being transferred. Moreover, the proliferation of mobile devices for professional and personal use has heightened the need for SWGs, as these devices are susceptible to various cyber threats.
By Deployment, Cloud segment is expected to hold the largest market size for the year 2024
The global secure web gateway market in the banking, financial services, and insurance (BFSI) sector is projected to expand significantly due to the heightened demand for data security. With the surge in online transactions, critical information becomes increasingly susceptible to breaches, such as data theft, phishing, and other cyber threats. In response, the BFSI sector is bolstering its internal security by implementing secure web gateways. The proliferation of mobile devices and the growing popularity of mobile banking among end-users further underscore the necessity for robust security solutions, making secure web gateways an indispensable component in the BFSI landscape.
North America is forecasted to hold the largest market size by region in 2024
The Secure Web Gateway (SWG) market in North America is projected to experience consistent expansion throughout the forecast period, with the United States serving as the primary market driver. Key growth factors include the increasing adoption of SWGs by various industries, the transition from traditional IT services to cloud-based IT systems, the expansion of end-user industries, and escalating government initiatives for SWG implementation. While the US economic stagnation may somewhat restrain market growth, the enactment of numerous government regulations and initiatives regarding cybersecurity are anticipated to stimulate the demand for SWGs in North America.
The Secure Web 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:
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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
In today's digital world, the use of cloud-based applications and online services has become the norm for businesses and individuals alike. However, this shift towards digitalization brings new online security concerns, including cloud cyber threats and attacks that can lead to financial losses, data fraud, and theft. A Secure Web Gateway (SWG) is a crucial security solution in this cybersecurity environment. SWG acts as a cybersecurity barrier against internet-borne viruses, unauthorized internet traffic, and malicious code or links. It provides granular use controls and application-level protection, enabling enterprises to safeguard their organizational data and individual data from cyberattacks, data breaches, malware attacks, and other online security threats. Cloud services, including smart banking and internet banking, are particularly vulnerable to cybercrime. SWGs offer enhanced network protection against 5G-enabled gadgets, cyberattacks, and data leakage prevention. They provide real-time detection and URL filtering, inspecting HTTPS traffic and blocking suspicious malware traffic. SWGs also offer application control, antivirus, and data loss prevention features, ensuring secure web technology and safeguarding against Trojans, spyware, adware, and other malicious websites. With the increasing number of remote workers, SWGs provide a holistic security product, ensuring company policy compliance and securing end-user data. In conclusion, a Secure Web Gateway is a must-have security solution for enterprises, financial sector organizations, and large enterprises, offering a 7-layered traffic inspection, real-time detection, and application control to protect against cyber threats and ensure data security.
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