Application Gateway Market Size, Share, Growth Analysis, By Type(On - Premises, and Cloud Based.), By Application(Banking, Financial Services, and Insurance (BFSI), Healthcare), By Region - Industry Forecast 2024-2031

Application Gateway Market size was valued at USD 1.87 billion in 2021 and is poised to grow from USD 2.05 billion in 2022 to USD 4.24 billion by 2030, growing at a CAGR of 9.5% during the forecast period (2023-2030).

The application gateway market is characterised by intense competition and a diverse range of players offering application gateway solutions. The market landscape is shaped by both established companies with a strong presence in the industry and emerging players striving to gain market share. This competitive environment is driven by factors such as technological advancements, the increasing demand for secure access to applications, and the growing adoption of cloud-based services. 'Microsoft Corporation (US)', 'F5 Networks, Inc. (US)', 'Barracuda Networks, Inc. (US)', 'Citrix Systems, Inc. (US)', 'Palo Alto Networks, Inc. (US)', 'Cisco Systems, Inc. (US)', 'Fortinet, Inc. (US)', 'Akamai Technologies, Inc. (US)', 'A10 Networks, Inc. (US)', 'Symantec Corporation (US)', 'Imperva, Inc. (US)', 'Radware Ltd. (Israel)', 'KEMP Technologies (US)', 'Sangfor Technologies (China)', 'Sophos Group plc (UK)', 'Positive Technologies (Russia)', 'Array Networks, Inc. (US)', 'NSFOCUS (China)', 'Juniper Networks, Inc. (US)', 'AVI Networks (US)'

The proliferation of web applications across diverse industries such as e-commerce, banking, healthcare, and entertainment has resulted in a heightened demand for secure and efficient application delivery. Application gateways play a crucial role in optimising and safeguarding the delivery of web applications, ensuring a seamless user experience while providing protection against cyber threats. The escalating reliance on web applications is driving the growth of the application gateway market.

Adoption of Cloud-based Applications: Cloud-based applications are more vulnerable to attack than traditional on-premises applications, as they are exposed to a wider attack surface. Application gateways can help to protect cloud-based applications from a variety of attacks, including denial-of-service (DoS) attacks, cross-site scripting (XSS) attacks, and SQL injection attacks. In addition to the increasing adoption of cloud-based applications, other key market trends for application gateways include the increasing frequency of different application-layer attacks, the growing demand for secure networks, and the increasing importance of data protection. As the market continues to grow, we can expect to see more innovation in the application gateway industry, and this innovation is expected to help application gateways become even more important in protecting applications from attack.

Currently, North America holds a dominant position in the medical gas equipment market. The region is characterised by well-established healthcare infrastructure, a high level of awareness regarding advanced medical technologies, and favourable reimbursement policies. The US, in particular, contributes significantly to the market share in North America due to its robust healthcare system and the presence of major market players. The region's dominance can also be attributed to the increasing prevalence of chronic respiratory diseases, a growing geriatric population, and the emphasis on improving healthcare facilities.