Web Application Firewalls Statistics 2024


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In the ever-expanding digital universe, understanding the dynamics and evolution of web application firewalls (WAFs) in 2024 is crucial for grasping the broader business landscape. As cyber threats become increasingly sophisticated, organizations must stay ahead of potential vulnerabilities to protect sensitive data and maintain consumer trust. Comprehensive statistics on WAF adoption, effectiveness, and emerging trends are indispensable for businesses aiming to fortify their cybersecurity strategies and ensure seamless and secure online operations.

Key stakeholders, including cybersecurity professionals, IT managers, business executives, and even policymakers, will find this data especially valuable. Understanding the current state and future projections of WAF technology can help these groups make informed decisions about resource allocation, cybersecurity measures, and compliance with regulatory standards. Additionally, these statistics offer industry-wide insights that highlight shifting paradigms, revealing how various sectors are adapting to and prioritizing cybersecurity in an increasingly interconnected world.

With the rapid pace of technological advancements and the constant evolution of cyber threats, staying updated on the latest WAF trends is more important than ever. By leveraging the data presented in this article, stakeholders can refine their strategies, strengthen their defenses, and ultimately, securely navigate the complexities of the digital landscape.

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Top Web Application Firewalls Statistics 2024

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Cybersecurity Trends & Statistics

  • Over 34.5% of executives reported cyber-attacks on accounting and financial data in the past year. [20]
  • AI in the cybersecurity market is growing at a CAGR of 23.6%, reaching $46.3 billion by 2027. [1]
  • The cost of cybercrime is predicted to hit $8 trillion in 2023 and grow to $10.5 trillion by 2025. [1]
  • 84% of code bases examined by Synopsys researchers contained at least one open source vulnerability. [2]
  • The COVID-19 pandemic has increased the demand for cybersecurity solutions. [3]
  • The global web application firewall market was valued at USD 5.08 billion in 2021, expected to grow at a CAGR of 18.7%. [9]

Web Application Firewalls (waf) Features & Functions

  • WAFs operate at Layer 7 of the OSI model, focusing on HTTP/HTTPS traffic. [7]
  • They protect web applications from a wide range of attacks, including SQL injection and cross-site scripting (XSS). [7]
  • AWS WAF can inspect the first 8 KB of a request’s body, header, and cookies. [4]
  • AWS WAF allows a maximum of three days for both CAPTCHA and challenge actions. [4]
  • Barracuda WAF offers protection against OWASP Top 10, zero-day threats, and data leakage. [8]
  • AWS WAF generates metrics for the first 100 labels on an evaluated request. [4]

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Market Insights & Growth

  • The global web application firewall market is expected to grow to $14.60 billion by 2029. [13]
  • The Asia-Pacific WAF market is expected to grow at the fastest rate, with a CAGR of 20.5%. [12]
  • North America held the largest market share of over 35% in the WAF industry in 2020. [12]
  • The cloud-based WAF segment is anticipated to witness the highest CAGR of 19.8% from 2021 to 2028. [12]

Industry & Organizational Adoption

  • 70% of e-commerce websites utilize WAFs to protect against cyber threats. [12]
  • Over 60% of enterprises have adopted cloud-based WAF solutions. [12]
  • Managed WAF services account for nearly 30% of the total WAF market share. [12]

Key Statistics & Figures

  • The average deployment time for a WAF solution in a medium-sized organization is around 3 to 6 months. [12]
  • 64% of organizations using WAFs report a significant reduction in attack surface. [12]
  • 58% of WAF users integrate their WAF with a Security Information and Event Management (SIEM) system. [12]
  • The cost of a data breach is 25% higher for organizations without a WAF. [12]

Cybersecurity Impacts & Breaches

  • 2023 saw a 72% increase in data breaches since 2021. [5]
  • Phishing accounted for 39.6% of all email threats in 2023. [10]
  • 76% of organizations were targeted by a ransomware attack in 2022, with 64% infected. [2]
  • Business email compromises accounted for $2.7 billion in losses in 2022. [5]

Technological Advancements

  • AI and machine learning are set to play a critical role in cybersecurity in 2024. [6]
  • Quantum computing is expected to revolutionize data processing and problem-solving in cybersecurity by 2024. [6]
  • Blockchain technology is increasingly being recognized for its potential to enhance cybersecurity measures. [6]

Compliance & Regulations

  • The Payment Card Industry (PCI) Data Security Standard (DSS) requires businesses to use a WAF to comply with security regulations. [19]
  • GDPR violations have resulted in significant fines, including TikTok being fined $370 million in 2023. [10]
  • 94% of US companies are not prepared to comply with GDPR requirements. [20]

Industry Use Cases

  • Barracuda WAF is trusted by organizations of all sizes to defend against OWASP Top 10 risks and DDoS attacks. [8]
  • Akamai’s Prolexic Network Cloud Firewall enhances application and API security. [13]
  • Radware’s WAF solution addresses today’s complex cyber threat landscape with advanced behavioral analytics. [17]

Future Projections

  • By 2025, 85% of all new web applications are expected to be protected by WAFs. [12]
  • The cybersecurity market size is estimated to reach $424.97 billion by 2030. [14]
  • The global cybersecurity workforce is expected to reach 4.7 million professionals by 2022. [20]

Emerging Threats & Trends

  • The use of generative AI in cyber activities is expected to rise in 2024. [15]
  • Social engineering attacks, including phishing and business email compromise, are on the rise. [15]
  • IoT devices are increasingly becoming targets for cyber-attacks, with over 10.54 million IoT attacks reported in December 2022. [20]

Impact Of Covid-19

  • The pandemic accelerated the shift to remote work, increasing the need for robust cybersecurity measures. [11]
  • Cyber crime cost global economies around $787,671 per hour in 2021. [16]
  • COVID-19 related phishing attacks rose by 220% during the height of the pandemic. [16]

Investment & Spending

  • Global spending on cybersecurity products and services is predicted to reach $1.75 trillion cumulatively for the period from 2021 to 2025. [20]
  • Cyber insurance premiums in the US surged 50% in 2022, reaching $7.2 billion. [20]
  • The global cyber insurance market size is projected to grow at an average of 25% per year from 2021 to 2026. [18]

Key Takeaways

  • WAFs are essential for protecting against application-layer attacks and ensuring compliance with security standards.
  • The market for WAFs and cybersecurity solutions is growing rapidly, driven by increasing cyber threats and regulatory requirements.
  • Integration with other security tools, such as SIEM systems, enhances the effectiveness of WAFs.
  • Technological advancements, including AI and blockchain, are shaping the future of cybersecurity.
  • The COVID-19 pandemic has highlighted the importance of cybersecurity in remote and hybrid work environments.

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Sources

  1. forbes – https://www.forbes.com/sites/chuckbrooks/2023/03/05/cybersecurity-trends–statistics-for-2023-more-treachery-and-risk-ahead-as-attack-surface-and-hacker-capabilities-grow/
  2. Unknown URL – Unknown URL
  3. mordorintelligence – https://www.mordorintelligence.com/industry-reports/cyber-security-market/market-size
  4. datadoghq – https://www.datadoghq.com/blog/aws-waf-metrics/
  5. forbes – https://www.forbes.com/advisor/education/it-and-tech/cybersecurity-statistics/
  6. splashtop – https://www.splashtop.com/blog/cybersecurity-trends-and-predictions-2024
  7. cloudvisor – https://cloudvisor.co/aws/ultimate-guide-to-web-application-firewalls/
  8. barracuda – https://www.barracuda.com/products/application-protection/web-application-firewall
  9. polarismarketresearch – https://www.polarismarketresearch.com/industry-analysis/web-application-firewall-market
  10. cobalt – https://www.cobalt.io/blog/cybersecurity-statistics-2024
  11. kaspersky – https://usa.kaspersky.com/resource-center/preemptive-safety/cyber-security-trends
  12. worldmetrics – https://worldmetrics.org/web-application-firewall-industry-statistics/
  13. mordorintelligence – https://www.mordorintelligence.com/industry-reports/web-application-firewall-market
  14. fortunebusinessinsights – https://www.fortunebusinessinsights.com/industry-reports/cyber-security-market-101165
  15. nu – https://www.nu.edu/blog/cybersecurity-statistics/
  16. aag-it – https://aag-it.com/the-latest-cyber-crime-statistics/
  17. fortunebusinessinsights – https://www.fortunebusinessinsights.com/web-application-firewall-market-108841
  18. magnetudeconsulting – https://www.magnetudeconsulting.com/insights/blog/cyber-security-market-outlook-industry-trends-and-insights/
  19. netscaler – https://docs.netscaler.com/en-us/citrix-adc/current-release/application-firewall/stats-and-reports.html
  20. varonis – https://www.varonis.com/blog/cybersecurity-statistics

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