F5 Networks, Imperva, Penta Security Systems and Barracuda Networks emerge as champions in the APAC Web Application Firewall Vendors Frost IQ matrix, says Frost & Sullivan

F5 Networks, Imperva, Penta SecurityF5 Networks, Imperva, Penta Security Systems and Barracuda Networks emerge as champions in the APAC Web Application Firewall Vendors Frost IQ matrix, says Frost & Sullivan PR Newswire SINGAPORE, Dec. 19, 2013 ~ Nascent WAF market remains fragmented yet demonstrates strong growth potential with market revenue expected to reach US$750.5 million by 2019 ~ The necessity of relying on web applications to drive business processes has given rise to the popularity of Web Application Firewall (WAF) solutions for many organisations in the Asia Pacific region. Employing web applications allows companies to run their businesses more effectively in several ways, such as enhancing the user experience or reducing overhead costs. This has, in turn, led to an increased possibility of security breaches in the corporate network, especially with cyber attacks becoming more prevalent. A rising number of these sophisticated attacks are also happening at the application level. As such, enterprises are beginning to acknowledge the limitations of their traditional network firewalls and recognise that these sophisticated threats can only be rectified through the utilisation of a WAF solution. The shift towards securing web applications is also due to stringent regulatory requirements for client data protection and privacy laws in light of essential services such as Internet banking and e-commerce transactions.