Chenxi Wang from Forrester has released a new WAF research. According to the publicly released information Forrester sees the market as small but solid at $200M in revenues in 2009 and 10% grows this year.

One of the repeating themes in my conversations with vendors and experts on the WAF market is the lack of analyst coverage. Such coverage provides an important validation to an emerging market. It also helps to define the market, differentiating it from other market segments. And lastly it makes the corporate buyer's life easier when trying to navigate between all the choices. In short, many feel that the lack of analyst coverage limits the growth potential of the WAF market.