Security Market Segment LS
Wednesday, 18 June 2014 22:32

Reliance on web apps increases vulnerability to cyber attacks

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Web security - dotdefender: source Wikimedia Web security - dotdefender: source Wikimedia

A growing reliance on Web applications coupled with their vulnerability to persistent cyber-attacks are fuelling demand for Web Application Firewalls (WAFs) in the Asia-Pacific, according to newly published research.

In its report - Asia-Pacific Web Application Firewall (WAF) Market 2013 – market analysis firm Frost &  Sullivan says the overall market growth rate is expected to peak in the next two years as the proliferation of devices connected through various channels makes organisations easier targets for cyber attackers.

According to Frost & Sullivan, the Asia Pacific WAF market earned revenues of US$115.6 million in 2013 and estimates this to reach US$666.2 million in 2020 at a compound annual growth rate of 28.4%.

"Regulations continue to drive WAF adoption in the region. With the Payment Card Industry Data Security Standard now enforced in many countries, solutions such as WAF are considered a necessity for compliance," said Frost & Sullivan Information and Communication Technologies Research Manager Cathy Huang.

Frost & Sullivan says, however, that complexities in terms of WAF management may hold back some enterprises from investing in these solutions, giving an opportunity for managed security service providers to provide WAF-as-a-service, eating into the share of traditional WAF vendors.

Nevertheless, the analyst firm says that increased competition in this highly fragmented domain will drive the market forward, as more affordable and flexible products are made available especially for small and medium businesses, and with many traditional security vendors now offering WAF solutions as add-ons to their existing security platforms.

"To avoid falling behind the competitive curve, vendors will design multi-faceted WAF solutions with capabilities extended to database security, distributed denial-of-service protection, anti-scrapping, and authentication," Huang says.

"This integrated approach will lead to comprehensive, yet simple-to-manage, multi-layered security that can widen the consumer base in the Asia-Pacific WAF market."

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Peter Dinham

Peter Dinham is a co-founder of iTWire and a 35-year veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

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