Application Gateway Market is Estimated to Witness High Growth Owing to Rising Need for Advanced Security Solutions

 

Application Gateway Market

Application gateway provides a centralized point of access for applications running on the internal network and controls access to these applications. It acts as an intermediary between the internet or external network and internal network and helps safeguard internal network resources and protects them from internal threats.

The global application gateway market is estimated to be valued at US$ 2.53 Bn in 2024 and is expected to exhibit a CAGR of 9.6% over the forecast period 2024 to 2031.

Application gateways serve as a single point of access to application infrastructure and provides various solutions like web security filtering, SSL/TLS termination, traffic management, authentication, caching, compression, logging, and monitoring, among others. They ensure better security and compliance, accelerate applications and optimize costs. Growing digitalization is increasing the demand for securing organizational networks and infrastructure. Application gateways play a vital role in preventing security threats and zero-day attacks. Technological advancements are enabling them to provide advanced capabilities to secure applications at the edge as well as cloud platforms.

Key Takeaways
Key players operating in the application gateway market are A10 Networks, Akamai Technologies, Amazon Web Services (AWS), F5 Networks, Fortinet, Inc., IBM Corporation, Infoblox Inc., Microsoft Corporation, Nginx, Inc., Nokia Networks, Palo Alto Networks, Radware, Citrix Systems, Inc., Trend Micro Inc., and Zscaler, Inc.

The Application Gateway Market Size provides various opportunities like managing hybrid application architectures and securing microservices efficiently. Growing adoption of private and hybrid cloud infrastructure is expected to boost demand for cloud-based application security gateways.

North America holds the largest share in the global application gateway market due to high demand for advanced security solutions. However, Asia Pacific is expected to witness the fastest growth owing to rising digital transformation initiatives in emerging economies and growing penetration of internet. Key players are expanding to untapped markets in Asia Pacific and Middle East & Africa to leverage growth opportunities in these regions.

Market drivers

Rising instances of cyberattacks is a key driver propelling the application gateway market growth. Sophisticated cyber threats like ransomware, phishing and malware pose risks to organizational digital assets. Application gateways play a crucial role in securing web and mobile applications from these threats. Growing need to ensure compliance with regulations and data security standards is also fueling adoption of application gateways across industries.


PEST Analysis

Political: Application gateway market is regulated by data privacy laws of various regions. Changes in regulatory standards can impact market growth.

Economic: Rising adoption of cloud computing and need for network security at reduced costs is driving demand for application gateways. Economic uncertainties may impact technology spending.

Social: Younger demographics are more digitally savvy and open to using online applications which is increasing the need for improved network security and performance.

Technological: Advancements in computing power, software-defined networking and serverless architectures are enabling new capabilities in application gateways. Artificial intelligence and machine learning technologies are helping provide better user experience and security.

Geographical regions with high market concentration

North America holds the largest share of the application gateway market currently in terms of value due to high penetration of advanced technologies and strong presence of leading players. Asia Pacific is witnessing fast adoption of cloud and increased network security spending driving regional growth.

Fastest growing regional market

Asia Pacific region is projected to grow at the fastest rate during the forecast period. This can be attributed to rapid digital transformation of enterprises, expanding internet user base, and government initiatives to develop digital infrastructure in countries such as China and India.

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About Author:

Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)

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