They provide various security functions like load balancing, authentication, SSL termination, among others. The increasing digital transformation across industries and rising need to support multiple applications on the cloud have boosted the adoption of application gateways. Application gateways act as an interface that sits between an organization's internal and external networks, specifically developed to meet security, availability, and scalability demands of applications.
The Global Application Gateway Market is estimated to be valued at US$ 2.53 Bn in 2024 and is expected to exhibit a CAGR of 9.6% over the forecast period 2024 to 2031.
Application gateways play a crucial role in implementing zero-trust security frameworks and enhancing the overall network security posture. Enterprises across industries like banking, healthcare are rapidly deploying advanced network security technologies to fortify their infrastructure against cyber threats. This is anticipated to drive significant demand for application gateways during the forecast period.
Key Takeaways
Key players operating in the Application Gateway market are A10 Networks, Akamai Technologies, Amazon Web Services (AWS), F5 Networks, Fortinet, Inc., IBM Corporation, Infoblox Inc., Microsoft Corporation, Nginx, Inc., Nokia Networks, Palo Alto Networks, Radware, Citrix Systems, Inc., Trend Micro Inc., and Zscaler, Inc. These players are focusing on new product launches and partnerships to expand their global footprint.
The rapid adoption of cloud-based applications and zero trust architectures across organizations provides numerous opportunities for application gateway vendors. Growing demand for application delivery controllers to optimize web and mobile apps performance on public and hybrid clouds will further fuel market growth.
Application Gateway Market Size providers are enhancing their international operations to leverage the rising demand from Asia Pacific and European countries. Partnerships with local players enable international expansion into new markets. Strategic acquisitions also aid in strengthening foothold across global regions.
Market Drivers
One of the key drivers for the application gateway market is the rapid digital transformation across industries post the pandemic. Organizations accelerated their shift to cloud-based infrastructure and applications to ensure business continuity. This widespread adoption of advanced technologies increased the dependency on application performance and security, driving demand for application gateways.
Another major factor is the growing need for zero-trust networks among enterprises. Application gateways play a pivotal role in implementing zero-trust frameworks by verifying every user, device, application and network before granting access. Their advanced capabilities like SSO, authorization and encryption help enterprises achieve stricter access controls as per zero trust principles.
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Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)
