USD 19.2 billion
Global Edge Security Market Size, Share, Growth Analysis, By Component(Solutions, and Services), By Deployment(Cloud, On-premises), By Industry Vertical(IT &Telecommunications, BFSI) - Industry Forecast 2024-2031
Report ID:
SQMIG45B2124 |
Region:
Global |
Published Date: May, 2024
Pages:
157
|
Tables:
92 |
Figures:
74
Global Edge Security Market Insights
Global Edge Security Market size was valued at USD 19.2 billion in 2022 and is poised to grow from USD 23.33 billion in 2023 to USD 110.79 billion by 2031, growing at a CAGR of 21.5% in the forecast period (2024-2031).
Edge security refers to securing a network where data is generated and stored. Growing adoption of Internet of Things (IoT) devices and rising use of edge computing are projected to be key factors promoting edge security market growth. Increasing incidence of cyberattacks on edge environment is also a key prospect that will promote the adoption of edge security in the long run. Growing digitization and high acceptance of cloud platforms are also slated to benefit edge security market development over the coming years. Rising acceptance of zero-trust approach in security will also create new opportunities for edge security companies in the future. However, resource constraints and complexity of edge environments will slow down edge security market growth in the long run.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Cloud
Fastest Growth
On-premise
Growth Rate
21.5% CAGR
Global Edge Security Market ($ Bn)
Country Share for North America Region (%)
Global Edge Security Market By Deployment ($ Bn)
Global Edge Security Market By Deployment (%)
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Global Edge Security Market Segmental Analysis
The global edge security market is segmented based on component, deployment, industry vertical, and region. In terms of component, the market is bifurcated into solutions and services. Based on deployment, the market is divided into clouds and on-premises. In terms of industry vertical, the market is segmented into BFSI, IT & telecommunications, healthcare, retail, manufacturing, government & public enterprises, and others. Based on region, the market is segmented into Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa.
Analysis by Component
The solution segment is projected to account for a major share of the global edge security market. Increasing incidence of cyberattacks and data breaches on edge platforms is projected to bolster the demand for advanced edge security solutions in the future. Use of artificial intelligence and other advanced technologies to enhance the capabilities of edge security solutions will also help this segment’s dominance.
Meanwhile, the demand for edge security services is projected to soar high across the forecast period and beyond. Growing outsourcing of edge security from multiple organizations is projected to help this segment boost edge security market growth at a rapid CAGR over the coming years.
Analysis by Deployment
Cloud-based edge security is projected to hold a dominant share of the global edge security market. Rising demand for edge computing services and growing adoption of cloud-based edge computing solutions are estimated to help this segment’s dominance. High availability of multi-cloud and hybrid cloud platforms also helps market growth via this segment.
Meanwhile, the demand for on-premises edge security solutions is estimated to increase at a rapid pace over the coming years. Growing emphasis on improving security and keeping most access in-house is promoting the use of on-premises edge security around the world.
Global Edge Security Market By Deployment, 2022 (%)
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Global Edge Security Market Regional Insights
North America is estimated to account for a substantial share of the global edge security market. Rising prevalence of sophisticated cyberattacks in this region is projected to influentially augment the demand for edge security going forward. The presence of key technology organizations in this region and their growing emphasis on security is also predicted to favor edge security adoption in the future. Seamless integration of edge security services with cloud services and platforms also makes this region a highly attractive market for edge security companies. The United States is projected to be the leading market for edge security providers.
Meanwhile, the demand for edge security in Asia Pacific is slated to rise at a robust CAGR over the coming years. Rising adoption of edge computing services in countries such as India, China, South Korea, and Japan is also estimated to augment edge security market growth in this region. Growing use of autonomous vehicles, rising adoption of IoT devices, and increasing emphasis on improving cloud platform security are other trends that will aid edge security market expansion in the Asia Pacific region going forward.
Global Edge Security Market By Region, 2024-2031
- Largest
- Fastest
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Global Edge Security Market Dynamics
Drivers
Rising Demand for Edge Computing
- Growing adoption of IoT (Internet of Things) devices around the world has boosted the demand for edge computing services, which in turn, is projected to bolster the demand for edge security as well.
Targeted Threats and Cyberattacks at Edge Environment
- Cyberattacks targeted towards edge environment are increasing in incidence and growing number of devices depending on edge computing has led to increased emphasis on security of edge environment thereby promoting edge security demand.
Restraints
Resource Constraints
- Edge devices have limited storage and processing power, which makes it difficult to deploy resource-intensive and complex security solutions for them. These resource constraints are projected to impede edge security market growth scope in the future.
Complexity of Edge Environments
- Edge environments are highly complex as they are full of devices, sensors, network topologies, and other components. Maintaining security across all these components is a challenge for edge security companies and thereby slows down market growth potential.
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Global Edge Security Market Competitive Landscape
Edge security providers should keep their solutions updated with the latest threats as the threat landscape is evolving rapidly and continuously. Edge security companies can collaborate and partner with cloud computing providers to enhance their business scope on a global level. Edge security market players should focus on developing affordable yet secure solutions for SMEs to maximize their revenue generation potential.
Top Player’s Company Profiles
- iboss
- Cisco Systems, Inc.
- Palo Alto Networks Inc.
- Lookout
- Check Point Software Technologies Ltd.
- Fortinet Inc.
- Open Systems
- Zscaler Inc.
- Cloudflare Inc.
- F5 Networks
- Akamai
- Sophos
- Citrix Systems Inc.
- VMware
- Forcepoint LLC
Recent Developments
- In February 2024, Seagate Technology Holdings, a leading name in the digital storage solutions space, announced the launch of a new hard drive designed specifically for edge security applications. SkyHawk AI 24TB was aimed at AI-enabled edge security users.
Global Edge Security Key Market Trends
- Use of Artificial Intelligence and Machine Learning: Edge security vendors can focus on developing new solutions that have improved threat detection by utilizing AI and ML. Companies can analyze threats in real-time and evolve the edge security solution at the same time by using the technologies.
Global Edge Security Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, rising incidence of data breaches and cyberattacks and growing use of cloud and edge computing services are projected to boost the demand for edge security over the coming years. Resource constraints and complexity of edge environments are also projected to impede edge security market growth potential across the forecast period and beyond. Increasing awareness regarding digital security and rising use of edge devices are making Asia Pacific region the fastest-growing market in the world. Integration of AI and ML to improve threat detection and management will be a key trend for edge security companies looking to scale their business on a global level going forward.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 19.2 billion |
| Market size value in 2031 | USD 110.79 billion |
| Growth Rate | 21.5% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Edge Security Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Edge Security Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Edge Security Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Edge Security Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Edge Security Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Edge Security Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Edge Security Market Report Snapshots
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