DUBLIN--(BUSINESS WIRE)--The "Secure Web Gateway Market by Component (Solutions (Threat Protection, Access Control, and Data Protection) and Services), Deployment Mode, Organization Size, Vertical (Healthcare, BFSI, IT & Telecom, and Education), and Region - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
The global SWG market size is projected to grow from USD 4.6 billion in 2019 to USD 10.9 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 19.1% from 2019 to 2024.
The market growth is driven by various factors, including the increasing number of sophisticated cyberattacks, growing need for end-to-end holistic security products, which have contributed a considerable share in the SWG ecosystem.
Among solutions, the data protection segment to grow at the highest CAGR in the SWG market during the forecast period.
Data protection includes Data Loss Prevention (DLP), file type controls, and application control. DLP is a comprehensive data security software that ensures information loss prevention when the data is at the endpoint, network traffic, or stored in a data server. The SWG solutions implement DLP related policies to minimize and control the transaction of critical information.
It also protects corporate intellectual property from external individuals and users who should not have authorized access to corporate data. Applying file type controls automatically remove files that contain sensitive data and malicious content as they pass in and out of companies' network without the need for human intervention. Application control blocks or restricts unauthorized applications from executing in ways that put data at risk, which helps in ensuring data security.
Among components, the services segment to grow at a higher CAGR during the forecast period.
Services enable enterprises to implement solutions without purchasing them. The cost associated with buying SWG solutions and implementing them on-premises is higher. Hence, large enterprises, as well as Small and Medium-sized Enterprises (SMEs), are moving toward adopting services, especially cloud-based services. This, in turn, leads to a higher adoption of SWG services as compared to software tools utilized in the market.
Asia Pacific to register the highest growth rate during the forecast period.
Asia Pacific (APAC) has a great scope for growth in the SWG market in terms of the use of SWG solutions. APAC is witnessing tremendous growth mainly due to the presence of emerging economies, such as China, Japan, Australia, India, and Hong Kong. Currently, countries across this region are flooded with many SMEs that account for the employment of more than 70% of the population.
However, factors such as continual growth in mobile workforce, increase in complexity of businesses, unregulated nature of the internet, and rise in the adoption of Bring Your Own Device (BYOD), demand for strong security requirements. These factors are expected to push SMEs to adopt various security solutions including SWG solutions with minimal initial investments.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Secure Web Gateway Market
4.2 Market By Component, 2019-2024
4.3 Market By Organization Size, 2019-2024
4.4 Market By Deployment Mode, 2019-2024
4.5 Market By Vertical, 2019-2024
4.6 Market By Region and Vertical, 2019-2024
5 Market Overview and Industry Trends
5.2 Market Dynamics
126.96.36.199 Increasing Need for End-To-End Wholistic Security Products
188.8.131.52 Rising Number of Sophisticated Cyber Attacks
184.108.40.206 Low Acceptance of SWG Solutions in the Enterprise Segment
220.127.116.11 High Need for Protection From Web-Based Threats
18.104.22.168 Rise in Adoption of Cloud-Based Security Technologies
22.214.171.124 Availability of Simpler and Alternate Products
5.3 Use Cases
5.3.1 Prepaid Payment Card Company Trusts Forcepoint to Safeguard Customer Data
5.3.2 Cenitex Provides Better User Experience and Improved Customer Security With Zscaler
5.3.3 Yelp Enhanced Customer Experience With Automated Security Practices and Cisco Umbrella and Investigate
6 Secure Web Gateway Market By Component
7 Secure Web Gateway Market, By Solution
7.2 Threat Prevention
7.3 Access Control
7.4 Data Protection
8 Secure Web Gateway Market, By Organization Size
8.2 Small and Medium-Sized Enterprises
8.3 Large Enterprises
9 Secure Web Gateway Market, By Deployment Mode
10 Secure Web Gateway Market, By Vertical
10.2 Banking, Financial Services, and Insurance
10.3 Government and Defense
10.5 IT and Telecom
11 Secure Web Gateway Market, By Region
11.2 North America
11.4 Asia Pacific
11.5 Middle East and Africa
11.6 Latin America
12 Competitive Landscape
12.1 Microquadrant Overview
12.2 Competitive Leadership Mapping
12.2.1 Visionary Leaders
12.2.3 Dynamic Differentiators
12.2.4 Emerging Companies
13 Company Profiles
13.2 NortonLifeLock Inc. (Symantec)
13.4 Cisco Systems
13.5 Check Point Software Technologies
13.8 Trend Micro
13.11 Thoma Bravo (Barracuda Networks)
13.13 A10 Networks
13.15 Sangfor Technologies
13.16 CATO Networks
13.19 Menlo Security
13.20 F5 Networks, Inc.
13.22 Right to Win
For more information about this report visit https://www.researchandmarkets.com/r/dj8atm