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Secure Web Gateway Market is Poised to Register a CAGR of 21% during 2019-2029 | FMI Reports

Global secure web gateway market is set for exponential growth at 21%
CAGR during the forecast period (2019-2029), as projected by a new
report of Future Market Insights (FMI). Major market players are
investing internet access products, with increased focus on customer
services to keep up with the competition.

"Rising procurement of
secure web gateway solutions by SMEs in developing countries is boosting
revenue. Vendors focus on low-cost solutions to enhance their market
share in the global market," states the FMI report.

Secure Web Gateway Market: Key Findings              

  • As compared to services, secure web gateways account for 2/3rd share of the global market.
  • The cloud based secure web gateway services continue to be a major market influencer.
  • Market vendors will display greater inclination towards malware defense, URL filtering, and tunneling options.
  • Western
    Europe remains at the forefront of the secure web gateway market, while
    Latin America is projected to surpass North America in terms of growth

Secure Web Gateway Market: Key Driving Factors

  • Rising adoption rates of software-as-a-service applications is a key driver for the secure web gateway market.
  • End
    users are increasingly re-planning WANs to direct traffic through local
    internet breakout connections thereby generating profitable
  • Businesses are increasingly procuring cloud integrated security stacks, which is driving growth.
  • The
    rising adoption of mobile and web applications in the banking sector is
    a major driver for global demand for secure web gateway

Secure Web Gateway Market - Key Restraints      

  • Rising threats such as the enhanced use of social media platforms and complexities in viruses can hamper market growth.
  • Fears over the use of cyber-attacks from internet usage will limit the growth of the secure web gateway industry.

Competition Landscape of Secure web gateway Market

of the key players in the global secure web gateway landscape that are
covered in this study include, but are not limited to, Microsoft
Corporation, Forcepoint, Check Point Software Technologies Ltd.,
Symantec Corporation, F5 Networks, Symantec Corporation, Juniper
Networks Inc., Sophos Group Plc., WatchGuard Technologies Inc., IBM
Corporation, iBoss Network Security, and Cisco Systems Inc., and others.
Leading vendors are focused on appealing to the demands of small and
medium enterprises, with focus on cutting costs and boosting
productivity. Vendors are also investing in protection for off grid
workers, real time traffic inspections, data leak prevention, and time
and content based access, to propel growth.

Source Link 

More about the Report

Future Market Insights study of 300 pages offers actionable insights on
the secure web gateway market. The market analysis is based on
component type (solutions, services, and managed services), deployment
(cloud and on-premise), enterprise size (SMEs and large enterprises),
and industry (BFSI, government and defense, healthcare, IT and telecom,
retail & e-commerce, energy and utilities, manufacturing and others)
across seven regions (Latin America, North America, Europe, South Asia,
East Asia, Oceania, and MEA).

Explore Extensive Coverage of FMI's Electronics, Semiconductors, and ICT Landscape

About Future Market Insights (FMI)

Market Insights (FMI) is a leading provider of market intelligence and
consulting services, serving clients in over 150 countries. FMI is
headquartered in London, the global financial capital, and has delivery
centers in the U.S. and India. FMI's latest market research reports and
industry analysis help businesses navigate challenges and take critical
decisions with confidence and clarity amidst breakneck competition.

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