The global web application firewall market size, which was worth $4.95bn in 2021, is predicted to grow at a compound annual growth rate of 17.5%, according to Emergen Research. The main factors driving growth include the increasing adoption of web application firewall for secure website browsing and the need for end-to-end data security amid the rise in internet usage for activities such as e-commerce and banking.

Gem Security announces $23 Mn in Series A funding, CIOSEA News, ETCIO SEA
Cloud Detection and Response (CDR) company, Gem Security, has raised $23m in an oversubscribed Series A funding round. The round was led by GGV Capital