The global Application Gateway market is experiencing exponential growth driven by rapid rise of remote work culture.
It helps provide a single secure point of entry into private networks while hiding internal infrastructure details and enhancing security. With a surge in remote and hybrid work models, application gateways have become essential for organizations to securely enable workforce productivity and collaboration regardless of location.
The market is estimated to be valued at US$ 2.53 Billion in 2024 and is expected to exhibit a CAGR of 9.6% over the forecast period from 2024 to 2031.
Key Takeaways
Key Players in the Application Gateway Market
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.
Growing Demand for Application Gateway Solutions
The COVID-19 pandemic accelerated the adoption of remote work globally. This has significantly increased the demand for application gateway solutions to securely connect remote employees to enterprise applications and resources. Many organizations are now realizing the need for a robust secure access edge to support hybrid work setups.
Global Expansion of Application Gateway Vendors
Leading Application Gateway Market Size vendors are expanding their footprint globally to leverage growth opportunities. Companies are focusing on partnerships, mergers and acquisitions to strengthen their product portfolio and channel network. They are also investing in technologies like zero trust network access (ZTNA) and software-defined perimeter (SDP) to develop converged secure access solutions for modern distributed teams.
Market Key Trends
Adoption of Zero Trust Architecture
There is a growing trend of organizations adopting a zero trust model for network security. Application gateways play a crucial role in implementing zero trust network access (ZTNA) by acting as a central control point and eliminating implicit trust. They verify user and device identity before granting access to applications. This helps minimize the damage from data breaches and reduces the attack surface.
Porter’s Analysis
Threat of new entrants: Requires high initial capital investments which act as a deterrent for new players.
Bargaining power of buyers: Application gateways are essential for enterprises which gives buyers some bargaining power in pricing and features.
Bargaining power of suppliers: Major players dominate the market so suppliers have less bargaining power.
Threat of new substitutes: Alternatives like Cloudflare as security services provide some threat, but application gateways provide additional functionality.
Competitive rivalry: Fierce competition between major global players like A10, F5 Networks, Citrix etc. to gain market share keeps prices competitive and forces continual improvements.
The geographical region where the application gateway market is concentrated in terms of value is North America. This is mainly due to advanced IT infrastructure and digital innovations adopted by enterprises in countries like the US and Canada. Another fast growing region for the application gateway market is Asia Pacific due to growing adoption of cloud and increased investments by enterprises in network security in countries like China, India, Japan and South Korea.
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*Note:
1.Source: Coherent Market Insights, Public sources, Desk research
2.We have leveraged AI tools to mine information and compile it
About Author - Money Singh
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