Corporate Web Security Market

Corporate Web Security Market Overview (2022 to 2032)

The global corporate web security demand is anticipated to top USD 3.2 Billion in 2022. Registering a CAGR of 7.0%, the sales of corporate web security solutions are expected to total USD 7.6 Billion by 2032. Growth registered is attributable to the rising adoption of web security solutions by businesses to address their security concerns.

Report Attributes	Details
Estimated Base Year Value (2021)	USD 3.0 Billion
Expected Market Value (2022)	USD 3.2 Billion
Anticipated Forecast Value (2032)	USD 7.6 Billion
Projected Growth Rate (2022 to 2032)	7.0% CAGR

Corporate web security consists of solutions that are used to protect organizations against myriad threats including viruses, spyware, and phishing attacks. It enables the organizations to control employee behavior on the internet and also helps to prevent data loss. Increasing adoption of corporate web security by businesses is proving the major impetus to the growth of the market.

Over the last few years the demand for corporate web security has witnessed substantial increase as organizations that traditionally deployed on-premises solutions shifted their services to the cloud. Companies are integrating corporate web security solutions such as software, appliances, cloud services and hybrid solutions to eliminate the threat of cyber-attacks and enhance their security to maximum levels.

With increasing risks related to data or information security, demand for corporate web security solutions is slated to grow at a robust pace over the forecast period. Annually, companies suffer losses worth billions of dollars due to cyber related attacks. To address this issue and make their business resilient to cyber-attacks, companies are opting for corporate web security especially hybrid solutions.

Similarly, growing awareness among people regarding the benefits of internet security, increasing trend of remote working and rising penetration of connected devices are anticipated to boost the growth of corporate web security.

As per the World Economic Forum, around 25 billion digital devices are expected to be connected globally by 2026. This will generate lucrative growth avenues within the corporate web security market in the future.

Which are Some Prominent Drivers Spearheading Corporate Web Security Market Growth?

With rapid digital transformation across the globe, cyber-related attacks have become more and more imminent. The frequency of these incidents is increasing at an alarming rate and badly damaging the global economy. According to the World Bank, 10.5 million records are lost or stolen every month.

Cyberattacks can disrupt essential government services such as financial systems, healthcare, energy, and defense and can pose danger to national security as well.

This increase in the number of cyber-related attacks is prompting businesses to adopt efficient security solutions such as corporate web security and the trend is likely to continue in the future.

Furthermore, growing popularity of cloud computing services across both large and small enterprises is anticipated to play a significant role in determining the future of the global corporate web security market.

What are the Challenges Faced by the Corporate Web Security Industry?

Despite its growing popularity, corporate web security market is facing multiple challenges that impact its growth across regions. Some of the major factors restraining the growth of corporate web security market include high costs associated with advanced security solutions, increasing bugs and software crash, and lack of awareness across some developing and underdeveloped regions.

Regions like Africa have the lowest penetration of internet security solutions. For instance, only around 20% of African states have the basic legal frameworks in place for countering cybercrime, as per the World Bank report.

Why is North America Emerging as an Opportunistic Corporate web security Market?

North America remains one of the most lucrative markets for corporate web security on account of rapid industrialization, growing awareness, increasing cyber-attacks and presence of leading market vendors.

Businesses across North America are increasingly adopting cloud-based technologies to increase their productivity and minimize costs. These businesses are highly dependent on internet and therefore more prone to cyber arracks. As a result, adoption of corporate web security has become a top priority of these organizations.

Cyber warfare has become a serious threat to the national security of countries like the United States. Various malicious hacking from domestic and foreign enemies were reported in the USA during 2021. In response to these rising threats, these North American countries are improving their cyber capabilities.

Moreover, various leading vendors based in America are turning their attention towards attractive markets of Asia and Africa. This will further expand the corporate web security market in the future.

How is Europe Contributing to Growth of the Corporate Web Security Market?

Europe is expected to provide immense growth opportunities for corporate web security, with the UK leading the pack. European countries like the UK and Germany are witnessing significant rise in the demand for corporate web security solutions due to continuous threat of cyberattacks.

Amid rapid digitalization, businesses are quickly adapting and moving towards online platforms. This, however, increases the threat of hackers and other malware attacks, there has been substantial rise in the number of cyberattacks in countries like Germany and United Kingdom for instance, in 2022 a cyberattack struck two German fuel and oil distributors, Oittanking Deutschland GmbH and Mabanaft GmbH & Co KG Group and disrupted their operations and supply chain management.

Additionally, presence of leading agencies such as the European Commission and European Cyber Security Organization (ECS) is positively impacting the growth of corporate web security market in the region. These organizations are taking various initiatives to counter the rising cyberattacks in the region. For instance, in 2021 the European Commission invested 292 euro million in digital technologies and cybersecurity.

Market Competition

Some of the key participants present in the global corporate web security market include Barracuda Networks, Inc., Blue Coat Systems, Inc., Cisco Systems, Inc., Clearswift Ltd., McAfee, Inc., Sophos Ltd., Symantec Corporation, Trend Micro Incorporated, Trustwave Holdings, Inc., Webroot Inc. and Zscaler, Inc.

The global corporate web security market is highly competitive with leading vendors increasingly expanding the data loss prevention capabilities of their solutions. Besides this, they are focusing on establishing their bases in attracting markets of Asia and Africa.

Report Of Scope

Report Attributes	Details
Growth Rate	CAGR of 7.0% from 2022 to 2032
Base Year for Estimation	2021
Historical Data	2015 to 2020
Forecast Period	2022 to 2032
Quantitative Units	Revenue in USD Million, Volume in Kilotons and CAGR from 2022 to 2032
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
Segments Covered	Solutions, Industry Verticals, Region
Regions Covered	North America; Latin America; Western Europe; Eastern Europe; APEJ; Japan; Middle East and Africa
Key Countries Profiled	USA, Canada, Brazil, Argentina, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa
Key Companies Profiled	Barracuda Networks, Inc.; Blue Coat Systems, Inc.; Cisco Systems, Inc.; Clearswift Ltd.; McAfee, Inc.; Sophos Ltd.; Symantec Corporation; Trend Micro Incorporated; Trustwave Holdings, Inc.; Webroot Inc.; Zscaler, Inc
Customization	Available Upon Request

Key Segments Profiled in the Corporate Web Security Industry Survey

By Solutions:

• Appliances services
• Cloud-based services
• On-premises services
• Hybrid solutions

By Industry verticals:

• IT and telecommunication
• Government public utilities
• Healthcare and life sciences
• Others (includes retail, manufacturing and transportation)

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• Japan
• Middle East & Africa

Frequently Asked Questions

What is the anticipated growth of the corporate web security market until 2032?

FMI projects the global corporate web security market to expand at a 7.0% value CAGR by 2032

Which region is forecast to be the most lucrative for corporate web security market growth?

North America is projected to remain the most opportunistic market for corporate web security solutions.

Which are some prominent corporate web security manufacturers?

Barracuda Networks, Inc., Blue Coat Systems, Inc., Cisco Systems, Inc., Clearswift Ltd., McAfee, Inc., Sophos Ltd., Symantec Corporation, Trend Micro Incorporated are some prominent corporate web security manufacturers