Categories: IT & Communication Technology

Secure Web Gateway Global Market Expected to Grow $28.52 Billion By 2028 with CAGR of 21.6% | NortonLifeLock Inc., Cisco Systems Inc., A10 Networks Inc., Netskope Inc.

Secure Web Gateway Market

The Secure Web Gateway Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Secure Web Gateway Global Market Report 2024, The secure web gateway market size has grown exponentially in recent years. It will grow from $10.73 billion in 2023 to $13.06 billion in 2024 at a compound annual growth rate (CAGR) of 21.7%. The growth in the historic period can be attributed to cyber threat landscape, rise of remote work, advancements in threat detection, cloud adoption, byod trends.

The secure web gateway market size is expected to see exponential growth in the next few years. It will grow to $28.52 billion in 2028 at a compound annual growth rate (CAGR) of 21.6%. The growth in the forecast period can be attributed to threat intelligence integration, integration with endpoint security, mobile device security, application control requirements, user authentication and identity management. Major trends in the forecast period include zero trust architecture, ai-powered security, iot security concerns, user-centric security, encryption inspection, api security.

An increasing number of sophisticated cyberattacks is expected to propel the growth of the secure web gateway market going forward. A cyberattack is an attempt to take control of computers, steal data, or utilize a computer system that has been compromised to launch other attacks. A secure web gateway (SWG) serves as a cyberbarrier and stops unauthorized web data from entering a company’s system. It offers a defense against websites with dangerous code and malware accessing the organization’s data or infecting a company’s system. For instance, according to the report published by Check Point, an Israel-based provider of cyber security solutions, in 2021, Africa had the greatest number of cyberattacks, with an average of 1,582 weekly attacks per organization which represents a 13% increase over previous year. This was followed by Asia-Pacific, which had an average of 1,353 weekly attacks per organization (25% increase); Latin America, which had 1,118 weekly attacks (38% increase); Europe, which had 670 weekly attacks (68% increase); and North America, which had an average of 503 weekly attacks (61% increase). Therefore, the increased number of sophisticated cyberattacks is driving the growth of the secure web gateway market.

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The secure web gateway market covered in this report is segmented –
1) By Components: Solutions, Services
2) By Deployment: Cloud, On-Premise
3) By Organization Size: Large Enterprises, Small And Medium-Sized Enterprises (SMEs)
4) By Vertical: Banking, Financial Services And Insurance (BFSI), IT And Telecom, Healthcare, Retail And E-Commerce, Government And Defense, Energy And Utilities, Manufacturing, Other Verticals

Product innovations have emerged as the key trend gaining popularity in the secure web gateway market. Major companies operating in the secure web gateway market are developing technologically advanced solutions to strengthen their position in the market. For instance, in February 2022, Perimeter 81 Ltd., an Israel-based network and cloud security company, updated its Security Services Edge (SSE) offering with a Secure Web Gateway component. The secure web gateway (SWG) extends the firm’s trademark ease of use to Web filtering and ensures that company personnel is secure from harmful websites and unsafe content regardless of where they are, without adding complexity or any additional cybersecurity solutions. The addition of secure web gateway capability to the company’s cybersecurity experience (CSX) platform represents a significant advancement in the delivery of an enterprise-grade secured corporate network over the public internet.

The secure web gateway market report table of contents includes:
1. Executive Summary
2. Secure Web Gateway Market Characteristics
3. Secure Web Gateway Market Trends And Strategies
4. Secure Web Gateway Market – Macro Economic Scenario
5. Global Secure Web Gateway Market Size and Growth
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31. Global Secure Web Gateway Market Competitive Benchmarking
32. Global Secure Web Gateway Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Secure Web Gateway Market
34. Secure Web Gateway Market Future Outlook and Potential Analysis
35. Appendix