Radware (RDWR) Investor Day 2026 summary

Vision and strategy

• Transitioned to a cloud-first, subscription-driven security platform with 80% recurring business and a global presence of 65 cloud locations and 30 Tbps capacity.

• Focused on four growth waves: DDoS/AppSec, API security, agentic AI, and continued expansion into AI and API security.

• Emphasis on innovation, integrating DDoS, AppSec, API, and agentic AI security into a comprehensive platform.

• Strategic expansion through OEM and MSSP partnerships, targeting double-digit growth and mid-market reach.

• Projecting $500 million in total revenue by 2030, driven by cloud CAGR of 25% and strong profitability.

Growth plan and market opportunity

• Cloud ARR targeted to grow at 25% CAGR, with total ARR at 15% CAGR through 2030.

• WAAP and DDoS markets expected to nearly double by 2028, expanding the total addressable market.

• API security market projected to grow at 32.5% CAGR, reaching $3.0B by 2028.

• AI cybersecurity spending forecasted to grow at 60% CAGR, reaching $172B by 2029.

• Cloud ARR comprised 38% of total ARR in 2025, with 80% of revenue recurring.

Product and innovation

• Built a fully integrated, AI-powered security platform covering DDoS, AppSec, API, and AI agent protection, serving top carriers and SaaS companies.

• Launched comprehensive API security suite, enhanced by the Pynt acquisition, offering end-to-end API protection.

• Introduced new AI-driven modules: Protect AI, Serve AI, and Radware LLM Firewall, addressing AI agent and LLM security.

• AI SOC X and AI DOC X modules provide SOC analyst copilots and knowledge-based configuration, improving efficiency.

• Security research exposed new vulnerabilities in AI agents, driving product differentiation.