According to a new market research report "Web Filtering Market by Component, Filtering Type (DNS Filtering, URL Filtering, Keyword Filtering, File Type Filtering, and Others (Image Filtering & Profile Filtering)), Deployment Mode, Organization Size, Vertical, and Region - Global Forecast to 2023", published by MarketsandMarkets™, the market size is expected to grow from USD 2.88 Billion in 2018 to USD 5.40 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 13.4% during the forecast period.
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The increasing online malware, misuse of internet, and sophistication levels of web attacks are encouraging organizations to deploy web filtering solutions. As there is a rise in sophisticated cyber threats for critical information theft, the Web Filtering Market is expected to gain traction in the next 5 years.
The keyword filtering segment is expected to play a key role in the Web Filtering Market.
The keyword filtering segment is expected to play a key role in changing the Web Filtering Market and grow at the highest CAGR during the forecast period. Web filtering solutions provide robust security to organizations' critical IT assets. Additionally, they help organizations meet the Payment Card Industry Data Security Standard (PCI DSS), Health Insurance Portability and Accountability Act (HIPAA), Sarbanes-Oxley Act (SOX), and other regulatory compliances.
The cloud deployment mode is expected to grow at a higher CAGR during the forecast period.
In the Web Filtering Market, the cloud deployment mode is expected to be the faster-growing deployment mode, as it benefits organizations with increased scalability, speed, 24/7 services, and enhanced management capabilities. Cloud-based web filtering solutions are available according to customers' requirements, wherein they can start or stop any service at their own will.
North America is expected to have the largest market size during the forecast period.
Due to the presence of a large number of web filtering vendors, North America is expected to have the largest market size in the global Web Filtering Market, whereas Asia Pacific (APAC) is expected to be the fastest-growing region during the forecast period. The increasing need among organizations to reduce the misuse of the internet and optimize their employees' productivity, growing concerns about the protection of high-value targets in organizations, rising importance of regulatory compliances, and increasing need for IT security are driving the adoption of web filtering solutions. Furthermore, the Web Filtering Market in Middle East and Africa (MEA) and Latin America is expected to grow, due to the increasing usage of cloud computing, expanding retail and banking sectors, and rising importance of regulatory compliances.
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