Application Gateway Market is Estimated to Witness High Growth Owing to Advancements in Application Security and Delivery
Application gateways play an important role in providing application delivery, security and traffic management capabilities to enterprise networks. They help enterprises enhance network security and user experience by improving application performance and availability. With businesses increasingly relying on cloud-based applications and services, application gateways provide a centralized policy enforcement point for managing application traffic across distributed infrastructures.
The global application gateway 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 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. Key players are focusing on expanding their product portfolios and capabilities through mergers and acquisitions. For instance, in 2023 Akamai acquired Linode to extend its compute capabilities for edge applications.
There is rising demand for Application Gateway Market Size solutions to enable zero trust architectures, protect cloud-native applications and ensure compliance. Growing adoption of microservices and API-led architectures is also driving the need for application gateways that can provide consistent security controls across dynamic environments. Advancements in 5G networks will further fuel the demand for application gateways with improved performance and visibility capabilities.
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