Cloud-First Strategies and Digital
Transformation to Drive Rapid Adoption of SSE and WAF
Solutions
REDWOOD CITY, Calif.,
July 31, 2024 /PRNewswire/ --
According to a recently published report from Dell'Oro Group,
the trusted source for market information about the
telecommunications, security, networks, and data center industries,
the worldwide network security market, including firewall, SSE,
traditional SWG appliance, WAF, and ADC segments, is expected to
grow to nearly $40 B by 2028. This
growth is driven by a significant shift in enterprise security
spending towards cloud-based Secure Service Edge (SSE) and Web
Application Firewall (WAF) solutions, which are forecasted to
achieve mid-teen double-digit CAGRs, in contrast to the
single-digit CAGR projected for traditional firewall solutions.
"We're seeing a major pivot in how enterprises approach
security, with SSE and SaaS-based WAF solutions taking center stage
due to their superior flexibility and scalability as
cloud-delivered solutions," said Mauricio
Sanchez, Sr. Director, Enterprise Security and Networking at
Dell'Oro Group. "As organizations increasingly embrace cloud-first
strategies and digital transformation, these advanced security
models are becoming indispensable, driving rapid market growth,"
added Sanchez.
Additional highlights from the Network Security 5-Year
July 2024 Forecast Report:
- SSE Market: The SSE market is anticipated to surpass
$10 B by 2028, with a double-digit
CAGR. This robust growth is driven by the increasing transition of
security perimeters to cloud-based services, catering to the needs
of distributed applications and hybrid work models.
- WAF Market: Driven by the increased emphasis on digital
transformation initiatives and the necessity of securely deploying
enterprise applications on the Internet, the WAF market is
projected to grow robustly. It is expected to reach nearly
$6 B by 2028, reflecting a
double-digit CAGR.
- Firewall Market: The Firewall market is projected to
grow at a single-digit CAGR, reaching over $19 B by 2028. While near-term softness is
expected as the market corrects from the pandemic-induced surge, a
new refresh cycle is anticipated to alleviate this, though it won't
be as strong as the post-pandemic boom.
- Form Factor Shift: SaaS and virtual-based solutions are
expected to grow at a 16 percent CAGR, compared to 6 percent for
physical appliances. By 2026, SaaS and virtual-based solutions are
projected to account for over half of the Network Security
market.
About the Report
Dell'Oro Group publishes the Network Security 5-year forecasts
offering a complete overview of the industry with tables covering
the same segments and metrics captured in our quarterly reports. In
addition, the forecasts provide a comprehensive overview of market
trends by including historical data as far back as 1998. To
purchase this report, please contact us at
dgsales@delloro.com.
About Dell'Oro Group
Dell'Oro Group is a market
research firm that specializes in strategic competitive analysis in
the telecommunications, security, networks, and data center
markets. Our firm provides in-depth quantitative data and
qualitative analysis to facilitate critical, fact-based business
decisions. For more information, contact Dell'Oro Group at
+1.650.622.9400 or visit https://www.delloro.com.
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SOURCE Dell'Oro Group