Global Edge Security Market Size By Component (Solution, Services), By Deployment Mode (Cloud, On-premise), By Geographic Scope And Forecast

Edge Security Market Size And Forecast

Edge Security Market size is valued at USD 22.82 Billion in the year 2024 and it is expected to reach USD 98.77 Billion in 2031, growing at a CAGR of 20.10% from 2024 to 2031.

At the point where a network links to other networks, like the internet, edge security refers to the security solutions and procedures put in place there. Networks and devices are protected by edge security from data breaches, cyberattacks, and other security risks. The rise in cyberattacks and security lapses, as well as the rising use of cloud computing and the Internet of Things (IoT), are the key market drivers for edge security. Strong security measures at the network’s edge are becoming more and more necessary as more devices and networks are connected. Firewalls, intrusion detection and prevention systems, virtual private networks (VPNs), and content filtering are examples of edge security solution components.

To Get Detailed Analysis: Download Report PDF

Global Edge Security Market Drivers

The market drivers for the Edge Security Market can be influenced by various factors. These may include:

• The rise of edge computing can be attributed to the fact that more devices are connecting to the internet and producing data at the edge of the network, or closer to the point of production, making edge security solutions critical. By bringing processing and data storage closer to the point of data collection, edge computing presents new security challenges that may not be sufficiently addressed by more typical centralised security techniques.
• Increased IoT Adoption: As Internet of Things (IoT) devices proliferate across numerous industries, the attack surface for cyber threats has grown. Protecting these dispersed devices and the data they produce, particularly in industries like manufacturing, healthcare, and smart cities, requires edge security solutions.
• Data Privacy and Compliance Requirements: Organisations are under pressure to guarantee the security and privacy of data, regardless of where it is processed or stored, due to the adoption of rules such as the GDPR, CCPA, and other data protection laws globally. By safeguarding data at the point of collection and processing, edge security assists organisations in adhering to these rules.
• The need for real-time threat detection and response: Conventional security techniques frequently rely on centralised systems for detection and response, which can cause a delay in the identification and mitigation of threats. Edge security solutions lower the risk of data breaches and downtime by enabling real-time threat detection and response through local data analysis and prompt edge action.
• Protection of Critical Infrastructure: The smooth operation of industries like energy, transportation, and utilities depends on interconnected systems. Preventing potentially disastrous incidents and preserving operational continuity depend on protecting these vital infrastructures from cyber threats. By safeguarding data, networks, and devices at the edge, edge security solutions contribute to the protection of these infrastructures.
• Growth in Mobile Device Use and Remote Work: These two trends have widened the perimeter of business networks, increasing their vulnerability to cyberattacks. Remote work has become more common. Edge security solutions safeguard distant devices and networks, guaranteeing safe access to confidential information and company assets from any location.
• Emergence of 5G Networks: By offering greater connectivity, reduced latency, and higher speeds, 5G networks are expected to enable new applications and services that depend on edge real-time data processing. In order to protect these next-generation networks from constantly changing cyberattacks and to guarantee the availability and integrity of vital services, edge security is crucial.

What's inside a VMR
industry report?

Our reports include actionable data and forward-looking analysis that help you craft pitches, create business plans, build presentations and write proposals.

>>> Ask For Discount @ – https://www.verifiedmarketresearch.com/ask-for-discount/?rid=339367

Global Edge Security Market Restraints

Several factors can act as restraints or challenges for the Edge Security Market. These may include:

• Complexity of Deployment and Management: Because edge computing environments are scattered and involve a wide range of devices and systems, implementing edge security solutions can be challenging. It takes specific knowledge and resources to manage security rules, updates, and settings across several edge nodes, which can be difficult for businesses with little IT resources.
• Integration Difficulties: In environments with diverse technologies and vendor-specific implementations, integrating edge security solutions with legacy systems and the current IT infrastructure can be difficult. It could be necessary to make additional investments in integration efforts and customisation to ensure smooth compatibility and interoperability across various edge security systems and solutions.
• Resource Limitations: In comparison to centralised servers and data centres, edge devices usually have less memory, processing power, and storage space. It might be difficult to implement security features on edge devices with limited resources without sacrificing dependability or performance. For enterprises using edge security solutions, striking a balance between the need to optimise resource utilisation and reduce operational overheads and security needs is crucial.
• Cost considerations: Hardware, software licences, training, and support services are just a few of the major upfront and continuing expenses that may come with implementing and maintaining edge security solutions. Cost concerns may prevent organisations with limited resources from implementing thorough edge security measures, especially if they view edge security as a non-core or optional expenditure.
• Regulatory and Compliance Challenges: Regulations controlling data privacy, security, and residency add complexity to edge security systems. Compliance requirements differ between industries and geographies. When installing edge security solutions across distributed settings, it may be necessary to carefully plan, monitor, and record in order to ensure compliance with applicable rules and prevent any non-compliance risks and penalties.
• Edge computing poses new security threats and vulnerabilities, such as the possibility of physical tampering, device compromise, and unauthorised access to confidential information. Organisations’ cybersecurity resources and capabilities may be put to the test in order to protect distributed edge environments against new threats and vulnerabilities. These strategies include proactive security measures, threat intelligence, and continuous monitoring.
• Problems with interoperability and vendor lock-in: Reliance on a solitary supplier for edge security solutions could result in vendor lock-in, hence restricting the adaptability and expandability of organisations. Proprietary protocols and problems with interoperability between products from different vendors can impede smooth integration and interoperability, necessitating investments from organisations in middleware platforms or custom integration solutions to close compatibility gaps.

Global Edge Security Market Segmentation Analysis

The Global Edge Security Market is segmented on the basis of Component, Deployment Mode, and Geography.

Edge Security Market, By Component

• Solution
• Services

Based on Component, the market is segmented into Solution and Services. The solution sector had the largest revenue share. This is because there is a higher danger of malicious behavior occurring between a corporate network and the internet. Users now need direct internet access to use SaaS and cloud apps, which increases the danger of a cyberattack. This is known as the network edge. The internet has developed into a reliable means of linking company resources thanks to edge security. This crucial element gives businesses secure access and security features without sacrificing performance.

Edge Security Market, By Deployment Mode

• Cloud
• On-premise

Based on Deployment Mode, the market is segmented into Cloud and On-premise. In the edge security industry, the support & maintenance segment experienced a promising growth rate. To maintain continuous operations, they offer organizations customer, backup, and technical support. Organizations are demanding more supporting services as edge security solutions are being adopted more widely across industry verticals. In the anticipated time, the segment’s growth is expected to be fueled by the expanding necessity.

Edge Security Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

On the basis of Geography, the Global Edge Security Market is classified into North America, Europe, Asia Pacific, and Rest of the world. The region with the highest revenue share in the Edge Security Market was North America. The business dynamism, pillars, essential institutional pillars, lively innovation ecosystem, and finance mechanism are responsible for the growth. With the increased use of edge computing and the greater acceptance of IoT and 5G services in the area, there is a growing need for edge security solutions. Additionally, the area serves as a hub for a large number of edge security solution providers who are funding R&D to create cutting-edge services and goods. hence encouraging market growth in the area.

Key Players

The “Global Edge Security Market” study report will provide valuable insight with an emphasis on the global market including some of the major players of the industry are Broadcom, Inc., Cisco Systems, Inc., Palo Alto Networks, Inc., Check Point Software Technologies Ltd., Fortinet, Inc., Zscaler, Inc., Cloudflare, Inc., F5 Networks, Inc., Citrix Systems, Inc. (Cloud Software Group, Inc.), Forcepoint LLC (Francisco Partners).

Our market analysis offers detailed information on major players wherein our analysts provide insight into the financial statements of all the major players, product portfolio, product benchmarking, and SWOT analysis. The competitive landscape section also includes market share analysis, key development strategies, recent developments, and market ranking analysis of the above-mentioned players globally.

Key Developments

• In Sep 2022, saw the cooperation of integrated telecoms firm Deutsche Telekom and Palo Alto Networks. As part of this partnership, both organizations would offer a managed Secure Service Edge. In order to ensure consistent, high-performance access to apps by user or role, Zero Trust Network Access (ZTNA), a crucial element of SSE strategy, would be delivered in cooperation.
• FortiOS 7.2, the cornerstone of the Fortinet Security Fabric, and a major update to its operating system were both unveiled by Fortinet in April 2022. With the introduction of more than 300 new capabilities, Fortinet is now better able to concentrate on security at every network edge while integrating the size and performance necessary to stop and identify threats across an organization’s entire infrastructure.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Edge Security Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. The porter’s five forces model can be used to assess the competitive landscape in Global Edge Security Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

Report Scope

Research Methodology of Verified Market Research:

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our sales team at Verified Market Research.

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors.
• Provision of market value (USD Billion) data for each segment and sub-segment.Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market.
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region.
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled.
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players.
• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions.
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis.
• It provides insight into the market through Value Chain.
• Market dynamics scenario, along with growth opportunities of the market in the years to come.6-month post-sales analyst support.

Customization of the Report

• In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.