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India Web Application Firewall Solutions Market - Forecast to 2021 - Escalation of Sophisticated Attacks on Web Applications Driving Market Growth - Research and MarketsResearch and Markets has announced the addition of the "India Web Application Firewall Solutions Market, Forecast to 2021" report to their offering. The India WAF solutions market grew by 49.5% on a YoY basis, generating market revenue of $7.9 million in 2016. The market size remained small as compared to other countries in APAC due to the lack of specific legislation on data breach disclosures or privacy protections to beef up security awareness despite the increasing number of cyber security threats in India. Cloud-based WAF solutions clocked a robust growth of 82.2% and reached $3.1 million in 2016. The fast paced growth was contributed by the strong growth of the IT/ITes industry in India. Vertical-wise, the WAF solutions market in India continued to be dominated by the BFSI and e-Commerce verticals. Strong growth was observed in other verticals such as BPO and IT/ ITeS industries. These industries drove the WAF market at the growth rate f 106.8% on a YoY basis. In addition to the market growth analysis, the study highlights the key driving forces for the WAF market. Key drivers include the increasing number of organizations shifting toward the Web front and the rising Internet penetration rate; the evolved threat landscape that results in greater concerns over data breaches; stricter requirements for industry compliances, and local regulations that drive organizations to invest more in measures for data protection and to avoid potential liability issues; and increasing migration from web application into the cloud observed from organizations. Companies Mentioned
Key Topics Covered: 1. Market Overview 2. Forecasts and Trends 3. Growth Opportunities and Call to Action 4. WAF Solutions Vendor Analysis 5. The Last Word 6. Appendix For more information about this report visit http://www.researchandmarkets.com/research/cgz8m2/india_web View source version on businesswire.com: http://www.businesswire.com/news/home/20170526005211/en/ |
