Cybersecurity Mesh Market Report 2024-2033: Share, Trends, Demand, Overview

The cybersecurity mesh market size has grown rapidly in recent years. It will grow from $68.18 billion in 2023 to $78.58 billion in 2024 at a compound annual growth rate (CAGR) of 15.3%. The growth in the historic period can be attributed to increased cyber threats, regulatory compliance, cybersecurity skills gap, incident response challenges, digital transformation.

The cybersecurity mesh market size is expected to see rapid growth in the next few years. It will grow to $139.25 billion in 2028 at a compound annual growth rate (CAGR) of 15.4%. The growth in the forecast period can be attributed to ransomware threat mitigation, edge computing security needs, regulatory emphasis on cybersecurity, hybrid workforce security, continuous authentication, quantum computing preparedness. Major trends in the forecast period include zero trust security models, cloud-native security, api security, threat intelligence integration, automation and orchestration, behavioral analytics.

Market Overview -
Cybersecurity mesh is a security model designed to provide flexible and scalable security controls for digital assets and services. It is a cyber defense approach that protects computer networks from hackers by securing each device within its perimeter with firewalls and network security solutions.

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Escalating Cybersecurity Threats Drive Growth In The Cybersecurity Mesh Market
The increasing incidences of cyberattacks are expected to propel the growth of the cybersecurity mesh market. A cyber-attack is any effort to obtain illicit access to a computer, computing system, or computer network to do harm. Cybersecurity mesh is the most feasible and adaptable strategy for dealing with these enterprise-level organization risks. It expands security across your architecture, enabling users to safeguard all systems and points of access with a single, unified set of technologies. For instance, in March 2023, the Federal Bureau of Investigation, a US-based intergovernmental organization, received 800,944 reports of cybercrime from the general population. The total possible damage from cyber-attacks in 2022 has risen to $10.2 billion, up from $6.9 billion in 2021. Moreover, in July 2021, according to the cybersecurity threatscape report by Positive Technologies, a Russia-based cybersecurity company, the number of cyberattacks increased by 17% in Q1 of 2021 compared to Q1 of 2020, and it increased by 1.2% as compared to Q4 2020. Therefore, the increasing incidences of cyberattacks are driving the growth of the cybersecurity mesh market.

Competitive Landscape -
Major companies operating in the cybersecurity mesh market report are Trend Micro Inc., Oracle Corporation, Fortinet Inc., Microsoft Corporation, Exium, Stefanini Group, International Business Machines Corporation, Smartz Solutions, E-Spin Nanotech Pvt. Ltd., Forcepoint, GCA Technology Services, SonicWall, Naoris Protocol, Palo Alto Networks, Zscaler, Ivanti, Cato Networks, Aryaka Networks Inc., SailPoint Technologies Inc., AppgateInc., Mesh Security, Primeter 81, Check Point Software Technologies Ltd., Cisco Systems Inc., McAfee Corp., Trellix, Bocasay, Abcam plc, Bio-Rad Laboratories Inc.

Technological Advancements In Cybersecurity Mesh Market
Technological advancements are a key trend gaining popularity in the cybersecurity mesh market. Companies operating in the cybersecurity mesh market are adopting new technologies, such as automation, to sustain their position in the market. Automation can help organizations detect and respond to threats more quickly and effectively, reducing the risk of a successful cyber-attack. For instance, in June 2022, BeyondTrust, a US-based identity management company, automated the cybersecurity mesh with the launch of Password Safe 22.2 and BeyondInsight 22.2. Password Safe is a password management solution that helps organizations manage their passwords securely. With Password Safe, businesses can automate password rotation and credential management, reducing the risk of a successful cyber-attack. BeyondInsight, on the other hand, is a vulnerability management solution that helps businesses identify and address vulnerabilities in their network. With BeyondInsight, businesses can automate vulnerability scanning and analysis, reducing the risk of a successful cyber-attack. BeyondTrust assists businesses in staying ahead of cyber threats by automating these vital cybersecurity processes.

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Key Segments -

The cybersecurity mesh market covered in this report is segmented -
1) By Offering: Solutions, Services
2) By Deployment Type: Cloud Based, On-Premises
3) By Application: Large Enterprises, Small And Medium Enterprises
4) By Vertical: IT And ITeS, Banking, Financial Services and Insurance (BFSI), Healthcare, Energy And Utilities

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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