Email
Print
Edge Security Market Overview:
Edge Security Market size is estimated to reach $106 billion by 2030, growing at a CAGR of 23.3% during the forecast period 2023-2030. With the increase in the amount of Internet of Things (IoT) devices, smartphones and diverse network points, the security risks and cyber attacks have also become quite common. The security concerns drive the growth of the Edge Security market during the forecast period.
Moreover, edge computing technology allows the users to get near-real-time responses and results from the cloud services, making it a handy feature for cellphone users. This increasing use of web applications and cloud services would further boost the adoption of edge security solutions. These factors positively influence the Edge Security industry outlook during the forecast period.
Market Snapshot:
Edge Security Market - Report Coverage:
The “Edge Security Market Report - Forecast (2023-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Edge Security Market.
| Attribute | Segment |
|---|---|
|
By Offering |
⦁ Solutions ⦁ Services |
|
By Deployment Mode |
⦁ On-premise ⦁ Cloud |
|
By Organization Size |
⦁ Large Enterprises ⦁ Small and Medium-sized Enterprises |
|
By End-User |
⦁ Government and Defense |
|
By Geography |
⦁ North America (the U.S., Canada and Mexico) |
For More Details on This Report - Request Sample
COVID-19 / Ukraine Crisis - Impact Analysis:
Due to the COVID-19 pandemic, a majority of the organizations worldwide accelerated their digital transformation activities to enable remote operations. During this period, network performance and security were the major challenges for the organizations. This fueled the adoption of edge security solutions, driving the growth of the Edge Security Market across the globe.
Ukraine had been one of the major countries that offered IT outsourcing businesses. Since cloud computing became the standard IT model for business, it became a major target for cyber attacks. With the on-going Russia-Ukraine conflict, the cyber-attackers are likely to take advantage of current situation to damage, disrupt or destroy crucial IT infrastructure. Thus, there is a huge need for effective edge security solutions. According to VMware's "Global Incident Response Threat Report 2022," 65% of organizations reported an increase in cyberattacks after Russia's invasion of Ukraine.
Ecommerce Packaging Market Share (%) By Region, 2022
For More Details on This Report - Request Sample
Key Takeaways:
Asia-Pacific Region to be the Fastest Growing Market
Geographically, in the global Edge Security market share, Asia-Pacific is analyzed to grow with the highest CAGR of 23.9% during the forecast period 2023-2030. Enterprises in this region are making significant investments in trending technologies such as AI, ML, 5G, cloud, big data and more, which is further driving the demand for security solutions. Also, the digital transitions of the organizations due to the pandemic has increased security risks in this region. These factors are driving the growth of the Edge Security Market in Asia-Pacific during the forecast period.
The Services Segment to Record the Fastest Growth
In the Edge Security Market analysis, the services segment is estimated to grow with the highest CAGR of 23.8% during the forecast period. Secure Access Service Edge (SASE) is a network architecture framework that combines security technologies native to cloud, including CASB, SWG, FWaaS and ZTNA with SD-WAN capabilities. SASE helps connect systems, users and endpoints to applications and services securely anywhere. SASE also allowed organizations to quickly implement data protection policies and save costs which might have been used on procuring various security solutions. Such benefits are driving the growth of the SASE framework as well as the services segment in the market during the forecast period.
The Cloud-based Segment is Growing at a Massive Rate
According to the Edge Security Market forecast, the cloud-based segment is expected to register the fastest CAGR of 23.7% during the forecast period. The growing adoption of cloud-based services has increased the risk of cyber-attacks, creating a need for security at each location. Cloud-based edge security offers solutions for all types of cloud-based edge deployments, eliminating the challenges of managing out-dated application-based solutions.
Increasing Number of Cyber-attacks and Security Risks
According to IBM's "Cost of a Data Breach Report 2022," 83% of organizations encountered more than one data breach in 2022. Another 2022 report by Verizon mentioned that 84% of all cyber security incidents involved servers in 2022. Such increasing number of cyber attacks and security risks boosts the demand for edge security services and solutions among the organizations, boosting the growth of the Edge Security Market during the forecast period.
Adoption of IoT Devices and 5G Services
As per the International Data Corporation estimation, there is going to be more than 1 billion 5G subscriptions by the end of 2023. With the growing adoption of such technologies, there would be a significant security risk. Such factors would increase the demand for edge security solutions during the forecast period.
Lack of User Awareness about the Technology to Hamper the Market Growth
The pandemic forced a significant number of organizations worldwide to join the digital transformation journey and shift to cloud. With several new devices being connected to the organization's network, the IT and security professionals witnessed an overload of systems and a significant increase in the security risks. While the organizations adopted edge security solutions to secure their networks, a majority of the users do not clearly understand the benefits of such solutions. This factor is likely to hinder the growth of the Edge Security Market during the forecast period.
Key Market Players:
Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in the Edge Security Market. The top 10 companies in this industry are listed below:
- Palo Alto Networks, Inc. (Cortex, Prisma)
- Check Point Software Technologies Ltd. (Quantum, CloudGuard)
- Broadcom Inc. (Symantec, Rally Software)
- Fortinet Inc. (FortiSASE, FortiSwitch)
- Cisco Systems, Inc. (SecureX, Duo)
- Zscaler, Inc. (ZScaler Internet Access®, ZScaler Private Access®)
- Cloudflare, Inc. (Area 1, CloudFlare One)
- VMware, Inc. (VMware Explore, VMware Contexa)
- Citrix Systems, Inc. (Citrix DaaS, Citrix ADC)
- Akamai Technologies, Inc. (Kona Site Defender, Akamao Guardicore)
Scope of Report:
| Report Metric | Details |
|---|---|
|
Base Year Considered |
2022 |
|
Forecast Period |
2023–2030 |
|
CAGR |
23.3% |
|
Market Size in 2030 |
$106 billion |
|
Segments Covered |
Offering, Deployment Mode, Organization Size, End-user and Region |
|
Geographies Covered |
North America (the U.S., Canada and Mexico), Europe (Germany, France, the UK, Italy, Spain, Russia and the Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, New Zealand and the Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and the Rest of South America) and the Rest of the World (the Middle East and Africa). |
|
Key Market Players |
|
For more Information and Communications Technology Market reports, please click here
⦁ Edge Security Market - Overview
⦁ Definitions and Scope
⦁ Edge Security Market - Executive Summary
⦁ Edge Security Market - Comparative Analysis
⦁ Company Benchmarking - Key Companies
⦁ Global Financial Analysis - Key Companies
⦁ Market Share Analysis - Key Companies
⦁ Patent Analysis
⦁ Pricing Analysis
⦁ Edge Security Market - Start-up Companies Scenario
⦁ Key Start-up Company Analysis by
⦁ Investment
⦁ Revenue
⦁ Venture Capital and Funding Scenario
⦁ Edge Security Market – Market Entry Scenario Premium
⦁ Regulatory Framework Overview
⦁ New Business and Ease of Doing Business Index
⦁ Case Studies of Successful Ventures
⦁ Edge Security Market - Forces
⦁ Market Drivers
⦁ Market Constraints
⦁ Market Challenges
⦁ Porter's Five Force Model
⦁ Bargaining Power of Suppliers
⦁ Bargaining Powers of Customers
⦁ Threat of New Entrants
⦁ Rivalry Among Existing Players
⦁ Threat of Substitutes
⦁ Edge Security Market – Strategic Analysis
⦁ Value Chain Analysis
⦁ Opportunities Analysis
⦁ Market Life Cycle
⦁ Edge Security Market – by Offering (Market Size – $Million/$Billion)
⦁ Solutions
⦁ Services
⦁ Edge Security Market – by Deployment Mode (Market Size – $Million/$Billion)
⦁ On-premises
⦁ Cloud based
⦁ Edge Security Market – by Organization Size (Market Size – $Million/$Billion)
⦁ Large Enterprises
⦁ Small and Medium-sized Enterprises
⦁ Edge Security Market – by End-User (Market Size – $Million/$Billion)
⦁ Government and Defense
⦁ Banking, Financial Services and Insurance
⦁ IT and Telecom
⦁ Healthcare
⦁ Retail
⦁ Manufacturing
⦁ Energy and Utilities
⦁ Others
⦁ Edge Security Market – by Geography (Market Size – $Million/$Billion)
⦁ North America
⦁ The U.S.
⦁ Canada
⦁ Mexico
⦁ Europe
⦁ UK
⦁ Germany
⦁ France
⦁ Italy
⦁ Spain
⦁ Russia
⦁ Rest of Europe
⦁ Asia-Pacific
⦁ China
⦁ India
⦁ Japan
⦁ South Korea
⦁ Australia & New Zealand
⦁ Rest of Asia-Pacific
⦁ South America
⦁ Brazil
⦁ Argentina
⦁ Chile
⦁ Colombia
⦁ Rest of South America
⦁ Rest of the World
⦁ Middle East
⦁ Africa
⦁ Edge Security Market – Entropy
⦁ Edge Security Market – Industry/Segment Competition Landscape
⦁ Market Share Analysis
⦁ Market Share by Offering – Key Companies
⦁ Market Share by Region – Key Companies
⦁ Market Share by Country – Key Companies
⦁ Competition Matrix
⦁ Best Practices for Companies
⦁ Edge Security Market – Key Company List by Country Premium
⦁ Edge Security Market - Company Analysis
⦁ Company 1
⦁ Company 2
⦁ Company 3
⦁ Company 4
⦁ Company 5
⦁ Company 6
⦁ Company 7
⦁ Company 8
⦁ Company 9
⦁ Company 10
* "Financials to the Private Companies would be provided on best-effort basis."
Connect with our experts to get customized reports that best suit your requirements. Our
reports include global-level data, niche markets and competitive landscape.
The Edge Security Market is projected to grow at 23.3% CAGR during the forecast period 2023-2030.
Global Edge Security Market size is estimated to be $24 billion in 2023 and is projected to reach $106 billion by 2030
The leading players in the Edge Security Market are Palo Alto Networks, Inc., Check Point Software Technologies Ltd., Broadcom Inc., Fortinet Inc., Cisco Systems, Inc., Zscaler, Inc., Cloudflare, Inc. and Forcepoint LLC.
The growing adoption of IoT devices and 5G services are likely to shape the Edge Security Market in the near future. With more devices using cloud-based services, there is going to be a massive need for effective security solutions.
The shift towards remote operations due to the COVID-19 pandemic has created a significant need for network security. Also, the increasing number of cyber attacks and security risks is driving the Edge Security Market during the forecast period.