According to the report by Expert Market Research (EMR), the global edge security market size reached a value of USD 23.04 billion in 2023. Aided by the continued expansion of the Internet of Things (IoT) and the rapid adoption of cloud-based technologies. The market is projected to further grow at a CAGR of 21% between 2024 and 2032 to reach a value of USD 128.10 billion by 2032.
Edge security refers to the protective measures and technologies implemented at the “edge” of networks, which is where networks make the initial contact with the external world. This includes security measures for mobile computing, IoT devices, and remote access services. Edge security is critical in safeguarding data from threats and vulnerabilities as it travels from endpoint devices to central data centres or cloud networks. Edge security is a form of enterprise security infrastructure that is distributed and offers protection to the network at its periphery, where end users store and generate data within a broader network. This setup minimises bandwidth consumption, response time, and latency, enabling the analysis and handling of data almost instantaneously.
The edge security market growth is driven by the exponential increase in the number of connected devices, which has been propelled by the continued expansion of the Internet of Things (IoT) and the rapid adoption of cloud-based technologies. As more devices are connected to the internet, the attack surface for potential security breaches widens, making edge security solutions increasingly vital.
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Furthermore, the surge in remote work models following global shifts such as the COVID-19 pandemic has underscored the importance of robust security protocols at the network edge. Organisations are now more aware of the necessity to protect data in transit and at rest, stimulating investments in edge security solutions, leading to edge security market development.
The deployment of 5G technology is another significant factor boosting the market. 5G networks offer lower latency and higher speeds, making them ideal for supporting edge computing applications that require real-time data processing.
As per the edge security market analysis, another trend is the shift towards decentralised security frameworks, which distribute security measures more evenly across the network rather than relying solely on central data centres. This approach not only reduces latency but also minimises the potential impact of a single point of failure in the security architecture.
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Market Segmentation
The market can be divided based on the component, deployment type, organisation size, vertical, and region.
Market Breakup by Component
- Solution
- Edge Security
- SD-WAN
- Secure Access Service Edge
- Others
Market Breakup by Deployment Type
- Cloud
- On-premises
Market Breakup by Organisation Size
- Small and Medium Size Enterprises
- Large Size Enterprises
Market Breakup by Vertical
- BFSI
- Government and Defence
- Retail and E-commerce
- Energy and Utilities
- Manufacturing
- IT and Telecom
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in global edge security market. Some of the major players explored in the report by Expert Market Research are as follows:
- Cisco Systems, Inc.
- Amazon Web Services, Inc.
- Check Point Software Technologies Ltd.
- Fortinet, Inc.
- Zscaler Softech India Private Limited
- Cloudflare, Inc.
- F5 Networks, Inc.
- Citrix Systems, Inc.
- Forcepoint LLC
- Palo Alto Networks, Inc.
- Other
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