Secure Web Gateway Market: BFSI Industry be Key Contributor to Soaring Revenue of Global Market

Transparency Market Research observes that competitive landscape in the global secure web gateway market is moderately fragmented. Each big and new player has been closely watching the IT market to understand its impact on the demand of secure web gateways. Companies such as IBM Corporation, Forcepoint, Symantec Corporation, Cisco Systems, Inc., and Sophos Group Plc are expected to develop affordable solutions to cater the growing demands of small enterprises, which in turn to will help the players to expand their horizons. A shift toward cloud-based solutions will be seen in the forthcoming years as companies try to make the most of this technology.

According to the research report, the global secure web gateway market is expected to be worth US$12,443.0 mn by the end of 2025. During the forecast period of 2017 and 2025, the global market is expected to surge at a CAGR of 20.7%. The report also suggests, that the solution segment will prosper more than the software one. Geographically, North America is expected to stand out as the culture of Bring Your Own Device (BYOD) is becoming an important aspect of the professional setups.

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Cloud-based Applications Spike Demand for Better Secure Web Gateways

Numerous advancements such as threat intelligence integration, automated real-time breach detection and prevention platforms and implementation of stringent laws and regulations are expected to boost the secure web gateway market. Infrastructural developments and increasing technological enhancements in web security products and solutions in various emerging economies have been identified as the key growth drivers for the global market. Email gateway solution segment is projected to grow at highest CAGR over the forecast period due to increasing need to filter an emails that contains suspicious content, attachments, URLs and spam filtering. Launch of innovative secure web gateway solutions by number of players and growing IT spending have also made a significant difference to the positive earnings of the global market.

Multiple web security solutions and services providers are now offering advanced cloud based web security solutions. This emerging trend is expected to work in favor of the global market over the forecast period. Increasing adoption of secure web gateway solutions in BFSI industry is in order to protect banking and financial services firms and safeguard critical financial data from exposure and online frauds is anticipated to augment the global market. Rapid uptake of cloud-based applications has also spiked the demand for secure web gateway solutions amongst small and medium enterprises. Analysts anticipate that growing usage of advanced data storage technology will also have a positive effect on the global market. The wave of digitization in emerging economies is expected to create myriad lucrative opportunities for the global market in the forthcoming years.

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Lack of Acceptance of Newer Technologies to Negatively Impact Market

On the downside, the global secure web gateway market is negatively impact by the slow process of transformation to cloud, especially for individual organizations. Furthermore, the initial high cost of investment for adopting new solutions and training personnel is also expected to dissuade end users. Furthermore, lack of awareness about secure web gateways and poor rate of acceptance amongst various enterprises are expected to hamper the growth of the global market. The strong presence of traditional firewall solutions is also projected hamper market growth in the near future.

This review is based on Transparency Market Research’s report, titled “Secure Web Gateway Market (Component - Solution (Social Media Control, Email Gateway, Data Loss Prevention, and Content Inspection Management) and Services (Training and Education, Consulting Services, and Professional Services); Industry Vertical - BFSI, Telecom and IT, Healthcare, Retail, Government and Defense, Education, and Others; Deployment - Cloud and On-Premise; End User - Large Enterprises, Small, and Medium Enterprises) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025”.

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