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

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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 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 level. Edge security market players should focus on developing affordable yet secure solutions for SMEs to maximize their revenue generation potential. 'Broadcom Inc.', 'Infoblox', 'iboss', 'Cisco Systems, Inc.', 'Juniper Networks', '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'

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.

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.

North America is estimated to account for a substantial share of the 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.

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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

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