USD 9 Billion
Report ID:
SQMIG45A2318 |
Region:
Global |
Published Date: October, 2024
Pages:
192
|Tables:
120
|Figures:
74
Global Secure Web Gateway Market size was valued at USD 7.77 billion in 2022 and is poised to grow from USD 9.26 billion in 2023 to USD 37.47 billion by 2031, growing at a CAGR of 19.1% in the forecast period (2024-2031).
With increasingly digitized organizations and the use of connected technologies in their operations, cybersecurity incidents have increased rapidly across the globe. Technological advances have increased the number of connected devices. With 5G and 5G enabled devices, connected devices are increasing. As a result, more connected devices are increasing the market demand for security features.
According to the EU Cybersecurity Agency, 623 ransomware attacks were detected between May 2021 and June 2022; 58.2% of the data thefts involved employee data, based on data collected from government and security agency reports.
Ultimately, the growth of SWG market is primarily driven by rising overall demand for safety products but factors such as low adoption of SWG solutions in the enterprise segment can restrain the market growth. There is an increasing demand for the organization in terms of threats from some cybercrimes & web based on user data and hence there is a demand for SWG solutions from the organization as well. Today, due to the pandemic, some of the companies are working from home so organizations are using these gateways to protect their data from leaks & filters indicating a harmful code.
Global Market Size
USD 9 Billion
Largest Segment
Consulting Services
Fastest Growth
Training & Education
Growth Rate
19.5% CAGR
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Global Secure Web Gateway Market is segmented on the solution, component, organization size, deployment mode, vertical, and region. By solution, market is segmented into threat prevention, access control and data protection. By component, market is segmented into solution and services. By organization size, market is segmented into small and medium-sized enterprises, and large enterprises. By deployment mode, market is segmented into on-premises, and cloud. By vertical, market is segmented into banking, financial services, and insurance, government and defense, healthcare, IT and telecom, education, and others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Services
The consulting services segment dominated the market in 2022 and is estimated to maintain its position throughout the forecast period. However, the training and educational services segment is expected to witness significant market growth in the coming years.
The training & education services segment plays an important role in the global secure web gateway market. Secure Web Gateways are solutions designed to protect users and organizations from web-based threats by enforcing security measures and modifying Internet traffic.
Analysis by Vertical
The BFSI segment has achieved the highest market share and is expected to dominate the global secure web gateway market throughout the forecast period. The dominance of this project is primarily driven by the need to update end-to-end security solutions and networking technologies.
The government & defense vertical expected to grow in the next few years. Security requirements for private data in this vertical are changing the market. Growth in mobile application usage and web adoption in the banking industry supports the growth in the global secure web gateway market. The government is acquiring this technology to speed up the process.
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The North America region is expected to account for the largest market share during the forecast period 2024-2031. The region's dominance is mainly due to the presence of major market players such as IBM, Microsoft, Google, and others. North America is the region expected to hold the largest market share owing to the presence of a few Secure Web Gateway (SWG) providers and increasing investments in cloud-based and robust IT infrastructure shall be made to provide a safe working environment for users everywhere.
Asia-Pacific is expected to grow at the highest CAGR with fan because surge in the number of smart device users greatly for data traffic which increases the number of malware attacks data leakage and web-based threats these factors affect the operational security of the network. Thus, the demand for secure web gateways is gradually increasing in countries like India, Japan and China. Asia Pacific is expected to grow to the largest market share during the forecast period. The region is primarily driven by infrastructure developed based on major customers for healthcare, IT and telecommunications industries in the region with Asia Pacific.
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Drivers
Increasing Cyber Threats
Increasing Cyber Security Threats
Restraints
Increase in Cyberattacks
Integration and Implementation Challenges
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The competitive environment of the Global Secure Web Gateway Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. The global secure web gateway market is highly competitive and has many established players and emerging vendors. Cisco offers a broad range of secure web gateway solutions, including hardware and software-based devices, cloud-based services and security suites and integrated. The firm also leverages its extensive network infrastructure and cybersecurity expertise to deliver robust network-security solutions.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The emergence of advanced technologies in industrialization & business management has helped many businesses to innovate. The number of cyber threats is increasing worldwide. In various countries & companies, due to rapid increase in data leakage activities, the government acted. Organizations use legacy secure network gateways to protect their networks. Increasing demand for end-to-end security solutions and rising internet usage are the major drivers in the global security web gateway market.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 7.77 billion |
Market size value in 2031 | USD 37.47 billion |
Growth Rate | 19.1% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Secure Web Gateway Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Secure Web Gateway Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Secure Web Gateway Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Secure Web Gateway Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG45A2318
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