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2024-2033 Forecast: What is the Projected Growth Rate for the Secure Web Gateway Market?

The market size of the secure web gateway has seen massive growth in the recent past. There would be a rise from $10.73 billion in 2023 to $13.06 billion in 2024, recording a compound annual growth rate (CAGR) of 21.7%. The substantial growth during the historical period is due to factors such as the evolving cyber threat landscape, the surge in remote working, advancements in threat detection, adoption of cloud technologies, and BYOD trends.

The market size for secure web gateway is anticipated to experience substantial expansion in the coming years. The sector is projected to inflate to $28.52 billion by 2028 with a compound annual growth rate (CAGR) of 21.6%. Factors contributing to this predicted growth during the forecast period include integration of threat intelligence, amalgamation with endpoint security, security for mobile devices, control requirements for applications, user authentication and management of identity. The forecast period also expects to witness key trends like zero trust architecture, AI-driven security, concerns related to IoT security, user-focused security, inspection of encryption and API security.

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What Are the Main Drivers Behind the Growth of the secure web gateway Market?

The rise in complex cyberattacks is anticipated to drive the growth of the secure web gateway market in the future. Cyberattacks are efforts to commandeer computers, pilfer data, or use a compromised computer system to initiate other attacks. A secure web gateway (SWG) acts as a cyber-blocking mechanism, preventing rogue web data from infiltrating a company’s system. It provides protection against websites riddled with malicious code and malware from accessing an organization’s data or contaminating its system. For example, as per the report from Check Point, an Israeli firm offering cyber security solutions, Africa, in 2021, faced the highest number of cyberattacks, averaging 1,582 weekly attacks per organization, a 13% uptick from the previous year. Asia-Pacific followed with an average of 1,353 weekly attacks per organization, showing a 25% increase. Next was Latin America with 1,118 weekly attacks, a 38% increment. Then Europe, with 670 weekly attacks, seeing a staggering 68% rise. Lastly, North America had an average of 503 weekly attacks, showing a substantial 61% rise. As a result, the rising tide of complex cyberattacks is fueling the secure web gateway market’s expansion.

Which Segments Are Crucial in the Secure Web Gateway Market?

The secure web gateway market covered in this report is segmented –

1) By Components: Solutions, Services

2) By Deployment: Cloud, On-Premise

3) By Organization Size: Large Enterprises, Small And Medium-Sized Enterprises (SMEs)

4) By Vertical: Banking, Financial Services And Insurance (BFSI), IT And Telecom, Healthcare, Retail And E-Commerce, Government And Defense, Energy And Utilities, Manufacturing, Other Verticals

Which Trends Are Revolutionizing the Secure Web Gateway Market?

Product advancements have become the primary trend garnering attention in the secure web gateway market. Major players in this arena are creating cutting-edge technologies to solidify their standing. For example, in February 2022, Israel-based Perimeter 81 Ltd., a firm specializing in network and cloud security, enhanced its Security Services Edge (SSE) product with an additional Secure Web Gateway component. The Secure Web Gateway (SWG) not only amplifies the company’s signature user-friendliness for Web filtering but also guarantees staff safety from dangerous websites and inappropriate content, irrespective of their location, without any additional complexities or need for other cybersecurity solutions. The incorporation of a secure web gateway feature into the company’s Cybersecurity Experience (CSX) platform marks a notable progression in delivering a business-grade secure corporate network over public internet.

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Which Geographical Regions Are Pioneering Growth in the Secure Web Gateway Market?

North America was the largest region in the secure web gateway market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the secure web gateway market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Secure Web Gateway Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the secure web gateway market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Secure Web Gateway Market Include

1. Secure Web Gateway Market Executive Summary

2. Secure Web Gateway Market Segments

3. Secure Web Gateway Market Size And Template Market Growth Rate

4. Key Secure Web Gateway Market Trends

5. Major Secure Web Gateway Market Drivers

……

25. Key Mergers And Acquisitions In The Secure Web Gateway Market

26. Top Secure Web Gateway Companies

27. Secure Web Gateway Market Opportunities And Strategies

28. Secure Web Gateway Market, Conclusions And Recommendations

29. Appendix

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