In the current scenario, software-as-a-service (SaaS) apps are becoming a commonplace in enterprises of all sizes and industries, and subsequently, security control is shifting towards the cloud.
This, in turn, has brought significant innovations in secure web gateway solutions to control web traffic and manage bandwidth consumption, in addition to protecting users against threats online.
As compared to services, SWG solutions currently account for a relatively high revenue share (2/3) in the secure web gateway market, while the former is set to see a quantum leap in demand in the near future.
As Internet access remains a necessity for today’s vast majority of enterprises, market stakeholders are putting greater emphasis on their services to stay ahead of the curve.
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Growth prospects of the secure web gateway market remain high in Western Europe, while demand in Eastern Europe is set to remain strong going forward. Gains remain upheld by greater access to advanced technologies across different organizations and strong presence of market players.
Recording a CAGR of 24%, Latin America is expected to overtake the North America secure web gateway market by 2026.
Due to increasing occurrence of crimes or illicit cyber incidents in the region, governments are making efforts to promote a culture and awareness ofcybersecurity.The result is expected to lead to increasing demand for security web gateway solutions and services.
Strong focus on secure web gateway as security solutions and emergence of cloud-based SWG services continue to influence growth strategies. However, as the war of innovation supremacy intensifies, market vendors are focusing on moving beyond URL filtering, malware defense, and tunneling options to integrated security solutions.
These factors played a significant role in Symantec’s decision to introduce a number of integrations with complementary security solutions such as Data Loss Prevention (DLP) software, Endpoint, and Messaging Security.
Such strategic moves are expected to influence other players in the secure web gateway market to follow suit and invest in cloud-based SWG solutions.
As the digital revolution arrives in the financial sector, industry operators are gradually disrupting their own business models and reimagining themselves digitally. This, in turn, is expected to play an instrumental role in the growth of the secure web gateway market.
The BFSI sector accounts for 1/5 of the global adoption of secure web gateways, while growing application in the retail and e-Commerce industry is expected to result in increased market share. Additionally, application scope is increasing significantly in the IT and telecom sector, which is projected to surpass the adoption rate in BFSI by 2026.
The global secure web gateway market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.
The secure web gateway market is likely to secure a CAGR of 20% through 2032.
The secure web gateway market size is estimated to cross USD 43 Billion by 2032.
The secure web gateway market is likely to record a value of USD 7.7 Billion in 2022.
Western Europe is likely to lead the secure web gateway market.
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Secure Web Gateway Market
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