Market Size of Web Filtering Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 14.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Web Filtering Market Analysis
The Web Filtering Market is expected to grow at a CAGR of 14% over the forecast period 2021 to 2026. The increasing penetration of the Internet has enhanced data breaches, eventually making it easier to reach business servers, consequently boosting the adoption of web filtering. Favorable government rules and regulations and the escalating need for the business to thoroughly control the network bandwidth consumption have stoked the growth of the web filtering market.
- IT sector had accelerated growth in the subsequent years, and it requires reliable security service to defend its data from a security breach. For instance, according to CompTIA, the sector grew by 104% between 2018 and 2023. This is giving rise to the growth of the web filtering market, which is created especially to restrict unwanted information. Technical innovators had made efforts to design solutions such as firewalls, anti-viruses, and intrusion prevention systems to serve the web content filtering functions.
- Growing concerns about security threats are the principal factor driving the growth of the market. According to Symantec Corporation, in the year 2018, 953 thousand web attacks were blocked daily, up from 611 thousand daily blocked attacks in the previous year. Towards the end of 2018, the number of web attacks blocked each day was more than the number at the beginning of the year. As per NortonLifeLock Inc, over 90% of global online users had at least one significant concern about data privacy as of 2019.
- The market is dominating revenue due to favorable government regulations, which support the adoption of web content filtering solutions and innovative technology. For instance, according to the US Congressional Budget Office, for FY 2021, the U.S. government proposed an 18.78 billion U.S. dollar budget for cybersecurity, representing a decrease from the previous fiscal year. These federal resources for cybersecurity are set to support a broad-based cybersecurity strategy for securing the government.
- Yet, the web filtering market faces significant hurdles as it includes high cost during installation as well as maintenance, business issues, violation of rights, and inadequate educational resources. The increasing concerns regarding IT Security in companies and decreasing the ill-usage of the internet have led to an addition in this sector's growth opportunities as these serve to be significant aspects that spur the growth of the market.
