From GlobeNewswire: 2025-05-23 10:00:00

The Application Gateway Market was valued at USD 2.35 billion in 2023, set to reach USD 5.62 billion by 2032 with a 10.2% CAGR. Major players include Akamai, F5, Microsoft, and Palo Alto Networks. The market growth is driven by cloud adoption and increasing cyber threats, particularly in the U.S. market, expected to reach USD 1.21 billion by 2032. Key drivers include remote work, compliance regulations, SME market growth, and zero trust security models. Segment analysis shows the solution segment leading in 2023, with services projected to have the fastest CAGR. Large enterprises dominate the market, but SMEs are set for rapid growth. The BFSI industry is expected to show the highest CAGR in end-use, driven by cyber threats and digital banking adoption. North America leads the market, while Asia Pacific emerges as the fastest-growing region with a 11.58% CAGR from 2024 to 2032. Asia Pacific’s brisk digitization, cloud adoption, and cyber threats drive the region’s growth. Government regulations in India and China push for comprehensive application security solutions to protect sensitive data. The region is set to become a global application gateway hotspot, fueled by e-commerce, fintech, and smart infrastructure.

In September 2024, Akamai was recognized as a Leader in the IDC MarketScape for Web Application and API Protection. Barracuda launched Cloud Application Protection 2.0 in November 2024, enhancing web application security features. These developments highlight the industry’s commitment to addressing evolving threats and ensuring digital security.

SNS Insider offers in-depth market analysis and outlook for the Application Gateway Market 2024-2032. The report covers key points like market dynamics, segmentation, regional analysis, and company profiles. SNS Insider aims to provide clients with accurate market data and insights to make informed decisions in a rapidly changing environment.



Read more at GlobeNewswire: Application Gateway Market Size to Surpass USD 5.62 Billion