USD 19.30 Billion
Edge Security Market Size, Share, Growth Analysis, By Deployment Mode(Cloud, On-premises), By Offering(Solutions, and Service), By Offering(Solutions and Service), By Verticals(Government & Defense, BFSI, IT & Telecommunications, Healthcare), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45B2124 |
Region:
Global |
Published Date: June, 2024
Pages:
157
|Tables:
152
|Figures:
78
Edge Security Market Insights
Global Edge Security Market size was valued at USD 19.30 Billion in 2022 and is expected to grow from USD 23.45 Billion in 2023 to reach USD 111.36 Billion by 2031, at a CAGR of 21.5% during the forecast period (2024-2031).
Edge security refers to a decentralized enterprise security policy and provides security for edges networks where end users store and process data over a large network. This reduces bandwidth usage, response time and latency as much as possible in which data can be analyzed and processed near real-time.
Increasing demand for low latency estimates from different parts of the world is one of the key edge security market trends to improve efficiency and facilitate real-time decision making. The increasing need for faster uptime due to the amount of data generated by various large organizations is driving the renewed use of edge security, and the increasing adoption of cloud computing by businesses has created a demand for edge security integration has been increased. Growing security concerns and the threat of cyberattacks have led to greater adoption of edge security as it provides protection for computer systems in an organization’s remote network. Such locations pose a higher risk because they are not within the scale of the organization.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Solution
Fastest Growth
Solution
Growth Rate
21.5% CAGR
Global Edge Security Market ($ Bn)
Country Share for North America Region (%)
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Edge Security Market Segmental Analysis
Global Edge Security Market is segmented based on Deployment Mode, Organization Size, Vertical, Offering and Region. Based on Deployment Mode, the market is segmented into On Premises and Cloud. Based on Organization Size, the market is segmented into Large Enterprises, and SMEs. Based on Vertical, the market is segmented into Government & Defense, BFSI, IT & Telecommunications, Healthcare, Retail, Manufacturing, Energy & Utilities, and Other Verticals. Based on Offering, the market is segmented into Solutions and Service. Based on Region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa.
Analysis by Vertical
By 2024, the IT & telecommunications segment is expected to account for 26.7% of the global edge security market. The large market share of the segment is attributed to the increasing need of IT & telecom companies to secure networks, data and devices in the stream, widespread adoption of 5G networks, and growing importance high as they reduce complexity and improve visibility in IT networks.
However, the healthcare segment is expected to grow at the highest CAGR during the forecast period 2024 to 2031. The growth of this sector is being driven by the growing need for healthcare organizations to protect patient data, regulatory compliance and security of IoT devices, and increasing adoption of telehealth services.
Analysis by Offering
The solutions that will dominate the edge security market in 2024. In 2024, the solutions segment is expected to account for 50.3% of the global edge security market. A large part of the segment comes from the increasing adoption of edge security solutions to monitor network activity for suspicious activity, prevent cyber-attacks, deliver applications to more secure users. The growing need to encrypt data protect in transit and prevent unauthorized access.
However, the service segment is expected to grow at the highest CAGR during the forecast period 2024–2031. The growth of this segment is driven by the demand for comprehensive security in infrastructure, the adoption of managed security services in small & medium enterprises, and the increasing use of security audits and network security analytics.
Global Edge Security Market By Offering ($ Bn)
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Edge Security Market Regional Insights
North America has leading players offering sophisticated edge security solutions and controls and has the largest market share. In addition, factors such as the emergence of new edge data centers, the need for enhancing security measures used for cloud data security. Advancement in technologies like the cloud, artificial intelligence, and IoTs are playing a key role in boosting market growth.
Asia-Pacific is representing the fastest CAGR during the forecast period, owing to the growing number of IoT devices and requirements for implementing efficient security. This growing reliance on emerging technologies has led to the rapid deployment of edge security solutions to ensure efficiency and security. Manufacturers are also developing advanced products that support applications that host data and other services.
Global Edge Security Market By Geography
- Largest
- Fastest
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Edge Security Market Dynamics
Edge Security Market Drivers
Rise in the Proliferation of IoT Devices
Rapid development and widespread adoption of Internet of Things (IoT) devices are driving demand for edge-on security solutions. As more devices connect to networks, the potential for attacks expands, increasing the need for stronger security measures at the edge. Edge security helps protect IoT devices and the data they produce, ensuring the integrity and confidentiality of sensitive information.
Need for Real-Time Threat Detection
Organizations place a high priority on real-time threat detection and action to mitigate security risks. Edge security solutions enable real-time monitoring and inspection of data across networks, enabling rapid detection and prevention of security threats. This capability is critical to ensuring continuous compromise of data and systems needs protection to minimize the impact of cyberattacks.
Restraints
High Complexity of Managing Distributed Networks
Security management in distributed edge networks can be very complex and complex. Security management and ensuring consistent security of edge devices and environments requires detailed planning and planning. These challenges can prevent organizations from fully implementing edge security solutions and can lead to vulnerabilities.
Limited Awareness and Understanding
Lack of awareness and understanding of edge security solutions in organizations can act as a major deterrent. Many enterprises don’t show the importance of properly securing their edge environment or may not be aware of the solutions available. This knowledge gap can lead to slow adoption and under-investment in critical safety initiatives.
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Edge Security Market Competitive Landscape
The global edge security market is witnessing robust growth, driven by the increasing adoption of edge computing and the escalating threat landscape. Leading players in the tech landscape are refining their cloud and edge security by employing acquisitions and innovations. Leadership in organizations are dedicating resources towards artificial intelligence and machine learning in threaten detection and response which makes the market quite fluid. This competition results in better constantly improving solutions because security needs are constantly evolving to accommodate new edges needed for Enterprise operating at the edge.
Edge Security Market Top Player’s Company Profiles
- Palo Alto Networks (US)
- Check Point (Israel)
- Broadcom (US)
- Fortinet (US)
- Cisco (US)
- Zscaler (US)
- Cloudflare (US)
- Forcepoint (US)
- VMware (US)
- Citrix (US)
- Akamai (US)
- Juniper Networks (US)
- Netskope (US)
- Trend Micro (Japan)
- Proofpoint (US)
- Barracuda (US)
- Sophos (UK)
- SonicWall (US)
- Infoblox (US)
- Open Systems (US)
Edge Security Market Recent Developments
-
In August 2023, Check Point Software Technologies Ltd, an Israeli cybersecurity tech company, acquired Perimeter 81 Ltd, an Israeli Security Service Edge company. This combination will enable Check Point to support organizations in facilitating secure access for the end-users, remote branches, cloud, data centers, and internet to be a part of them and deliver the SSE technology at the fastest speed.
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In June 2023, Palo Alto Networks, Inc. (U.S.) partnered with Accenture plc (Ireland) to deliver joint secure access service edge (SASE) solutions that enable organizations to improve their cybersecurity posture and accelerate business transformation initiatives.
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In October 2022 the company revealed comprehensive cloud delivered evolution of its new at-scale security service, FortiSASE to guarantee quality security for all user traffic to and from the internet. Current updates of FortiSASE involve new additions to improve capability in private and SaaS access security situations.
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In February 2022, SPECTRAL is innovative in the automated code security space, and Check Point purchased it. By doing so, Check Point would expand its Cloud Guard offering, a developer-first security platform and has the broadest Cloud application security portfolio available in the market.
Edge Security Key Market Trends
- Integrating AI and Machine Learning: A key trend in the edge security market is the integration of artificial intelligence (AI) and machine learning (ML) technologies. AI and ML enhance edge security by enabling more sophisticated threat detection and response. This technology can analyze large amounts of data in real time, identify patterns, and predict potential security threats. The integration of AI and ML into edge security solutions makes threat mitigation more efficient and effective, making this an important trend in the market.
Edge Security Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component types of teams that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to SkyQuest analysis, the global market is growing at a decent pace due to accelerating adoption of edges computer solutions in modern business sectors. As smart devices proliferate, there is an increased emphasis on protection at the edge to meet modern technology trends such as IoT, 5G networks, AI apps, and secure the integrity of organizational information from unauthorized access while adhering to current laws and rules. This recognition of edge security as fundamental is leading to increased spending on threat prevention that is suitable for edge settings, encryption, access controls, and identity management. In addition, an increase in cyber risks and risks due to compliance and regulatory issues increases the need to maintain the edge infrastructure for businesses and organizations. Consequently, the Global edge security market will be highlighted as a growth area in the future, enabling vendors who focus on edge safety to benefit from new trends in the field of cybersecurity.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 19.30 Billion |
| Market size value in 2031 | USD 111.36 Billion |
| Growth Rate | 21.5% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Edge Security Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Edge Security Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Edge Security Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Edge Security Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Edge Security Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Edge Security Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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