DUBLIN--(BUSINESS WIRE)--The "Web Filtering Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The Web Filtering Market is expected to grow at a CAGR of 14% over the forecast period 2020 to 2025.
The increasing penetration of the Internet has enhanced data breaches, eventually making it easier to reach business servers, consequently boosting the adoption of web filtering. Favorable government rules and regulations and the escalating need for the business to thoroughly control the network bandwidth consumption have stoked the growth of the web filtering market.
Companies Mentioned
- Broadcom Corporation
- Cisco Systems, Inc.
- Palo Alto Networks, Inc.
- McAfee, Inc.
- Fortinet, Inc.
- Trend Micro Inc.
- Barracuda Networks, Inc.
- Barracuda Networks, Inc.
- Forcepoint Inc.
- AO Kaspersky Lab
- Trustwave Holdings, Inc
- Sophos Group Plc
- Zscaler, Inc.
- Trustwave Holdings, Inc.
- Webroot Inc.
Key Market Trends
BFSI to Drive the Market Growth
With a growing number of cybercrimes activities, the security of sensitive data such as financial banking details, personal banking details, personally identifiable information, and confidential corporate data is at high risk. Due to these reasons, the demand for BFSI security solutions has witnessed a high requirement, consequently boosting the Web Filtering Market's growth.
- For instance, according to Verizon Communications Inc, in 2019, the global Finance industry experienced 1,509 cybersecurity incidents. Public and Professional services were the most targeted sectors, with 7,463 and 6,843 reported incidents. As per the IC3 & FBI, in the year 2019, 16,503 online identity theft cases were reported. Phishing and similar fraud ranked first, with 114,702 complaints.
- The rising implementation of regulatory standards, coupled with the surge in choosing cloud-based security solutions and growing modes of online payments, is presumed to give a lift to advanced security solutions in the BFSI sector, fueling the market's growth. For instance, in nations such as Qatar, where vital investments in infrastructure are being made for the 2022 FIFA World Cup, banks are spending in advanced security solutions.
North America Dominates the Market
The market in North America is commanding the Web Filtering Market in terms of revenue owing to positive government regulations, and the enhanced adoption of web content filtering in schools, institutions, and business organizations, which boost the adoption of web content filtering solutions and innovative technology.
- North America holds a notable market share and dominance is expected to continue through the forecast period. Increasing online malware and an increase in BYOD (Bring Your Own Device) policy across organizations drive the market in this region. As the region is technically advanced, the high adoption of web filtering solutions is fuelling market growth.
- The rise in internet penetration and the need for enterprises to reduce the misuse of the internet are majorly driving the market. Rising adoption of cloud-based services across the region is also boosting the web filtering market growth.
- For instance, according to Internet World Stats, in 2019, close to 312 million internet users accessed the web from the United States, up from nearly 287 million in 2017. As of 2019, internet users in North America used an average of 3 hours and 57 minutes online through mobile, compared to only 2 hours and 33 minutes of regular non-mobile internet use. Moreover, there were 132.9 mobile broadband subscriptions per 100 inhabitants in the United States.
- Due to the growing usage of banking sectors, cloud computing, and expanding retail and increasing importance of regulatory compliance, the web filtering market in North America is anticipated to grow in the coming years.
Key Topics Covered:
1 INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness Porter's Five Forces Analysis
5 MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Strict Government Regulations and the Need for Compliance
5.1.2 Growing BYOD Trend
5.1.3 Growing Online Malware and the Increasing Refinement Levels of Web Attacks
5.2 Market Restraints
5.2.1 Absence of Technical Capabilities and Skills in Handling Complex and Changing Environments
5.3 Industry Value Chain Analysis
5.4 Assessment of Impact of COVID-19 on the Industry
6 MARKET SEGMENTATION
6.1 By Component
6.1.1 Solution
6.1.2 Services
6.2 By Deployment Mode
6.2.1 Cloud
6.2.2 On-premises
6.3 By Filtering Type (Qualitative Study)
6.3.1 DNS Filtering
6.3.2 Keyword Filtering
6.3.3 URL Filtering
6.3.4 Other Filtering Types
6.4 By Industry Vertical
6.4.1 BFSI
6.4.2 IT & Telecom
6.4.3 Government
6.4.4 Education
6.4.5 Other Industry Verticals (Manufacturing, Healthcare, Retail)
6.5 Geography
6.5.1 North America
6.5.2 Europe
6.5.3 Asia Pacific
6.5.4 Latin America
6.5.5 Middle East and Africa
7 COMPETITIVE LANDSCAPE
7.1 Company Profiles
8 INVESTMENT ANALYSIS
9 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/vwg7m0
