Market Overview
As per the research made, the market of Application Gateway Market Share is showing a potential growth of around USD 1.65 Billion and is likely to grow even more during its forecast timeline at a CAGR of 11.2%.
An Application Gateway Market Share is one technology type that offers better security for computer networking. It works on the firewall and offers networking better protection against illegal traffic and unauthorized access. It also offers a much needed secured connection to the clients. Some major factors drive the market growth which has increased the demand for the same such as the secured networking, better frequency of different attacks at the application layer and also the security concerns amongst the enterprises. The enterprises also need some secured networking for the efficient working of their business. The information and application that was transmitted for unprotected networking can result in different attack types like worms, spyware and phishing to name some. The Application Gateway Market Share offers the security of the application layer for the enterprises in different verticals which includes IT and telecommunication, BFSI, IT, government and retail to name some of which use IT infrastructure. The increased adoption and also the AI use with IoT demand along with the technologies of software-defined are coming up with significant scope for the application getaway networking which has resulted in better scope for the market growth during the forecast timeline.
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During covid 19 even if many industries got affected at a high scale but the application getaway market is growing because of its increased demand from different verticals like financial services, banking, insurance and healthcare to name some. Some players are now entering in partnership with the companies which have the strategy to launch new products as part of the key organic growth strategy. It would enhance their market position and serve all the end user's demands across the verticals.
Market Segmentation:
The Market of the Global Application Gateway Market Share is segmented as per Organization Size, Component, Vertical, and Region/Country.
As per component:
The Market of Global Application Gateway Market Share is segmented into:
- Solution
- Service
As per organization size:
The Market of Global Application Gateway Market Share is segmented into:
- Small- And Medium-Sized Enterprises
- Large Enterprises
As per vertical:
The Market of Global Application Gateway Market Share is segmented into:
- IT & Telecommunication
- Healthcare
- Retail
- Bfsi
- Manufacturing
- Government
As per regions:
The Market of Global Application Gateway Market Share is segmented into:
- North America
- South America
- The Middle East & Africa
- Europe
- Asia-Pacific
Regional Classification
As per the regional analysis, the market is categorized into different regions that include North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. Presently North America is dominating the growth of the market.
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Industry News:
Microsoft Corporation December 2019 launched Azure Kubernetes Service (AKS) along with the Application Gateway Market Share solution. It focuses on providing an application gateway with open-source for Kubernetes. This would make it possible for the customers to use it for launching on a cloud platform.
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