Press release
Edge Security Market worth $106.82 billion by 2030, growing at a CAGR of 20.53% - Exclusive Report by 360iResearch
The "Edge Security Market by Component (Services, Solutions), Deployment Mode (Cloud, On-premises), Organization Size, Verticals - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.The Global Edge Security Market to grow from USD 28.89 billion in 2023 to USD 106.82 billion by 2030, at a CAGR of 20.53%.
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Edge security refers to the methodologies and technologies designed to protect data and network infrastructure at the periphery, or 'edge,' of the network. This is a critical consideration in an era increasingly defined by distributed networks and the Internet of Things (IoT), where computing is often done at or near the source of data generation rather than in centralized data centers. Edge security aims to ensure that data and devices are protected against unauthorized access, tampering, and cyber threats as they interact at these network fringes. As businesses and consumers increasingly incorporate IoT devices into their operations and lives, the edge of networks continues to expand, necessitating robust security measures to protect these devices and their data. The growing shift toward decentralized networks that place greater importance on securing data at the edge is driving the growth of the market. Increasing stringent data protection regulations that require organizations to adopt robust security measures, including at the edge, to protect sensitive information from breaches and unauthorized access are creating a platform for market growth. Complexity in deployment and scalability issues with the usage of edge security hampers the growth of the market. Continuous advancements in edge security that provide real-time or near-real-time responses by market vendors are expected to create opportunities for market growth.
The Americas stands as a significant region in the edge security market, largely due to its advanced technology infrastructure and robust IoT adoption across various industries. Both Canada and South American countries are exhibiting substantial growth in edge security solutions, driven by increasing awareness about cyber threats and governmental efforts to strengthen digital infrastructure. Regulatory frameworks, such as the California Consumer Privacy Act (CCPA) in the U.S., are pushing organizations to adopt edge security measures to protect consumer data proactively. The market is characterized by the presence of leading-edge security solution providers, contributing to strong technological innovations and services tailored to a wide array of verticals, including healthcare, finance, and government sectors. The APAC region is experiencing rapid growth in the edge security market, fueled by increasing digital transformation initiatives and the expansion of IoT devices. Countries such as China, Japan, South Korea, and India are at the forefront, with their governments investing heavily in smart city projects and 5G deployment, which in turn necessitates robust edge security solutions. The demand in this region is also propelled by the burgeoning e-commerce, manufacturing, and healthcare sectors, seeking to protect vast amounts of generated data against cyber threats. EMEA's edge security market demonstrates a diverse and complex landscape shaped by varying levels of technological adoption, cybersecurity awareness, and regulatory rigor. Europe is a significant contributor within the region, driven by strong GDPR (General Data Protection Regulation) compliance requirements, which necessitate enhanced data protection and privacy measures. Countries such as Germany, the UK, and France are witnessing significant investments in edge computing and security technologies aimed at bolstering critical infrastructure, automotive, and industrial sectors. The Middle East, with its strategic focus on economic diversification and smart city initiatives, is rapidly emerging as a significant market for edge security solutions. Africa is beginning to recognize the importance of edge security, driven by its evolving digital economy and cybersecurity initiatives.
Market Segmentation & Coverage:
This research report categorizes the Edge Security Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Component, market is studied across Services and Solutions. The Services is further studied across Implementation & Integration, Managed Services, Professional Services, Support & Maintenance, and Training & Consulting. The Solutions is further studied across CASB, SD-WAN, and Secure Access Service Edge. The Services is projected to witness significant market share during forecast period.
Based on Deployment Mode, market is studied across Cloud and On-premises. The On-premises is projected to witness significant market share during forecast period.
Based on Organization Size, market is studied across Large Enterprises and Small & Medium Enterprises. The Large Enterprises is projected to witness significant market share during forecast period.
Based on Verticals, market is studied across BFSI, Energy & Utilities, Government & Defense, Healthcare, IT & Telecom, Manufacturing, and Retail. The Government & Defense is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 39.63% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Edge Security Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Edge Security Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Edge Security Market, highlighting leading vendors and their innovative profiles. These include Acumera, Inc., AdaptivEdge, LLC, Akamai Technologies, Inc., AppViewX., Axis Security, Barracuda Networks, Inc., Broadcom, Inc., Cato Networks Ltd., Centripetal Networks Inc., Check Point Software Technologies Ltd., Cisco Systems, Inc., Citrix Systems, Inc. by TIBCO Software Inc., Cloudflare, Inc., Cyolo Ltd., F5, Inc., Fastly, Inc., Forcepoint, ForgeRock, Fortinet, Inc., Grip Security, Inc., Happiest Minds, Hewlett Packard Enterprise Development LP, iboss, Inc., Infoblox Inc., International Business Machines Corporation, InterVision Systems, LLC, Lookout, Inc., Lumen Technologies, Musarubra US, LLC, Netskope by Juniper Networks, Inc., Nomios USA Inc., Nord Security Inc., Open Systems by Emerson Electric Co., Palo Alto Networks, Inc., Proofpoint, Inc., Softcell Technologies Global Pvt. Ltd., SonicWall, Inc., Sophos Ltd., Sunny Valley Cyber Security Inc., T-Systems International GmbH, Telefónica Tech, Inc., Trend Micro Incorporated, Twingate Inc., Versa Networks, Inc., Webscale Networks, Inc., Windstream Intellectual Property Services, LLC, ZPE Systems, Inc., Zscaler, Inc., and ZTEdge by Ericom Software Ltd..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Edge Security Market, by Component
7. Edge Security Market, by Deployment Mode
8. Edge Security Market, by Organization Size
9. Edge Security Market, by Verticals
10. Americas Edge Security Market
11. Asia-Pacific Edge Security Market
12. Europe, Middle East & Africa Edge Security Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Edge Security Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Edge Security Market?
3. What is the competitive strategic window for opportunities in the Edge Security Market?
4. What are the technology trends and regulatory frameworks in the Edge Security Market?
5. What is the market share of the leading vendors in the Edge Security Market?
6. What modes and strategic moves are considered suitable for entering the Edge Security Market?
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