Secure Web Gateway Market Size, Share, Growth Analysis, By Solution(Threat Prevention, Access Control and Data Protection), By Component(Solution, and Services), By Organization Size(Small and Medium-Sized Enterprises, and Large Enterprises), By Deployment mode(On-premises, and Cloud), By Vertical(Banking, Financial Services, and Insurance, Government and Defense), By Region - Industry Forecast 2024-2031

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.