Edge Security Market Outlook
According to a new report by Expert Market Research titled, “Edge Security Market Size, Share, Analysis, Report and Forecast 2024-2032″, the global edge security market reached a value of USD 19.04 billion in 2023. Aided by the increasing need for enhanced network performance and the growing applications of edge security in various sectors, the market is projected to further grow at a CAGR of 21.00% between 2024 and 2032 to reach a value of USD 59.76 billion by 2032.
Edge security refers to the practice of securing the edge of the network, which is closer to the users and the data sources. It enhances security by processing and storing sensitive data locally, reducing the amount of data that must be sent back to the central server, thus reducing latency and potential exposure to vulnerabilities. It is becoming a vital tool in a wide range of applications, including IoT, cloud computing, and mobile device management.
The global edge security market growth is primarily driven by the increasing demand for enhanced network performance. As businesses increasingly rely on digital platforms, the need for fast, secure, and reliable network performance has become critical. This need for optimised network performance, combined with the growing awareness of cybersecurity threats, is leading to a surge in demand for edge security solutions.
Moreover, the ongoing trend towards the Internet of Things (IoT) and cloud computing is also contributing to the edge security market expansion. As these technologies proliferate, they increase the network’s complexity and surface area for potential attacks. Edge security, by decentralising security protocols and bringing them closer to the data source, helps mitigate these risks, making it an essential component in the IoT and cloud computing infrastructure.
The expanding application of edge security across various industries is another significant factor propelling the edge security market demand. In industries such as healthcare, finance, and manufacturing, edge security plays a crucial role in protecting sensitive data, ensuring regulatory compliance, and enhancing system performance.
Furthermore, the growing demand for real-time data processing in various sectors, including autonomous vehicles, smart cities, and industrial automation, has led to increased focus on edge security, thus propelling the edge security market growth. These applications require real-time data processing, which can be facilitated by edge security, thus reducing latency and enhancing operational efficiency.
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Edge Security Market Segmentation
The market can be divided based on 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
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Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global edge security companies. Some of the major key 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.
• Others
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