Increased number of cyber-attacks and online threats, increased number of data leakage activities, growing demand for robust security majorly drive the growth of the security gateway market.
In addition, the rise in adoption of security gateway solutions among the end-users due to its numerous benefits such as full protection of web browsing, easy and transparent deployment, detection and prevention of risk situations, continuous update and others further fuels the growth of the market.
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However, lack of awareness about secure web gateway solutions restrains the growth of the market. However, increasing the adoption of cloud-based security solutions is opportunistic for the security gateway market.
Secure web gateway inspects web traffic in real-time. It analyzes content against cooperate policies and also ensures that any content which is inappropriate or contravenes company policies should be blocked.
In addition to this, it also allows administrators to enforce common security policy templates and also configure policies that are suited to their business model or compliance requirements which makes it one of the key driving factors of this security gateway market.
Many organizations are able to see the benefits of cloud-delivered security as compared to on-premise solutions. Cloud security offers numerous benefits such as low latency, high performance, and improved productivity. As a result, it is expected that new gateway security rollouts will be in the cloud.
COVID-19 scenario Analysis:
1. The emergence of COVID-19 pandemic has severely affected almost all industries across the world. Further, lockdown enforcements and restrictions on movements of non-essential goods as well as resources in various countries has disrupted the supply chain of electronic components & networking equipment.
2. It is expected that the U.S. and global tech market growth is slowing down to nearly 2% in 2020, due to which ICT spending in major economies such as the U.S. have declined in the first half of 2020, but it is expected to recover in the second half.
3. In addition, there is a notable ramp-up in technologies such as work-from-home infrastructure, collaboration tools, virtualization infrastructure, VPN networking, mobile devices, security, desktop support and zoom during the COVID-19. Interest for video conferencing solution is surging during the crisis. This generates large amount of data and will require high end technologies to analyze.
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