Edge Security Market by Component, Deployment Mode, Organization Size, Verticals

List of Tables

[180 Pages Report] The Edge Security Market size was estimated at USD 28.89 billion in 2023 and expected to reach USD 34.71 billion in 2024, at a CAGR 20.53% to reach USD 106.82 billion by 2030.

Edge security refers to the methodologies and technologies designed to protect data and network infrastructure at the periphery, or 'edge,' of the network. This is a critical consideration in an era increasingly defined by distributed networks and the Internet of Things (IoT), where computing is often done at or near the source of data generation rather than in centralized data centers. Edge security aims to ensure that data and devices are protected against unauthorized access, tampering, and cyber threats as they interact at these network fringes. As businesses and consumers increasingly incorporate IoT devices into their operations and lives, the edge of networks continues to expand, necessitating robust security measures to protect these devices and their data. The growing shift toward decentralized networks that place greater importance on securing data at the edge is driving the growth of the market. Increasing stringent data protection regulations that require organizations to adopt robust security measures, including at the edge, to protect sensitive information from breaches and unauthorized access are creating a platform for market growth. Complexity in deployment and scalability issues with the usage of edge security hampers the growth of the market. Continuous advancements in edge security that provide real-time or near-real-time responses by market vendors are expected to create opportunities for market growth.

KEY MARKET STATISTICS
Base Year [2023]	USD 28.89 billion
Estimated Year [2024]	USD 34.71 billion
Forecast Year [2030]	USD 106.82 billion
CAGR (%)	20.53%

Component: Growing usage of edge security managed services to detect and mitigate cyber threats

Managed services for edge security encompass continuous monitoring, management, and maintenance of edge security systems. This proactive approach is designed to detect and mitigate threats before they impact business operations, ensuring the reliability and integrity of network edges. Professional services are aimed at delivering expert guidance and support in the design and deployment of edge security solutions. From initial assessments to strategic planning and deployment, our team works closely with clients to establish robust security postures that align with their business objectives. Support & maintenance services are critical for the ongoing effectiveness of edge security solutions. We offer 24/7 technical support, software updates, and routine maintenance activities designed to ensure systems are up-to-date and functioning efficiently, minimizing downtime and protecting against emerging threats. Training & consulting solutions aim to empower organizations with the knowledge and skills necessary to manage and optimize their edge security systems. Courses are available for various skill levels, from beginners to advanced users, and cover topics such as system operation, threat analysis, and best practices in edge security management. Cloud access security broker (CASB) services provide a critical control point for the secure and compliant use of cloud services across multiple providers. This involves assessing risk, enforcing security policies, and providing visibility into shadow IT to protect sensitive data across any cloud environment. SD-WAN solutions enhance the security and performance of software-defined wide-area networks. SD-WAN solution services offer optimized routing, encrypted connectivity, and advanced threat protection designed to safeguard data across the network while improving bandwidth efficiency and reducing operational costs. Secure access service edge (SASE) combines comprehensive WAN capabilities with cloud-native security functions, such as secure web gateways, firewalls, and zero trust network access, into a single, integrated service model. This approach simplifies WAN architecture, enhances security posture, and supports the dynamic, distributed nature of modern businesses.

Verticals: High potential of edge security solutions in the IT & telecom industry that supports data flows and connectivity needs

The BFSI sector is increasingly adopting edge security solutions to protect sensitive financial data from cyber threats and comply with strict regulatory requirements. Edge security technologies in this vertical help reduce latency, enhance data processing, and ensure real-time threat detection and response, which is crucial for maintaining trust and integrity in financial transactions. In the energy & Utilities sector, edge security plays a pivotal role in safeguarding critical infrastructure against cyber-attacks while ensuring uninterrupted service delivery. With the rise of smart grids and Internet of Things (IoT) devices, edge security solutions are vital for real-time monitoring, managing vast data volumes, and protecting the infrastructure from potential vulnerabilities. For government & defense, edge security is key to protecting sensitive information and national security assets from advanced persistent threats. These solutions enable secure communication, data integrity, and confidentiality across various operations, ensuring that critical missions and governmental functions are safeguarded against espionage and cyber warfare tactics. The healthcare sector relies on edge security to protect patient data and ensure compliance with health information privacy regulations. As healthcare facilities increasingly utilize IoT devices for patient monitoring and real-time data analysis, edge security solutions are essential for preventing data breaches, ensuring data integrity, and maintaining patient confidentiality. In the IT & telecom industry, edge security is crucial for protecting the infrastructure that supports massive data flows and connectivity needs. With the expansion of 5G and the IoT, edge security solutions help combat emerging cyber threats, reduce latency, and ensure reliable and secure services for consumers and businesses. The manufacturing sector is embracing edge security to protect against industrial espionage and cyber-physical threats. As manufacturers increasingly adopt Industry 4.0 technologies, edge security solutions are vital for safeguarding intellectual property, ensuring operational continuity, and securing data exchange between machinery and devices. In retail, edge security helps safeguard customer data and ensure secure transactions, both online and in physical stores. With the proliferation of IoT devices and mobile technologies in the retail space, edge security solutions are essential for preventing data breaches, maintaining customer trust, and complying with data protection regulations.

Regional Insights

The Americas stands as a significant region in the edge security market, largely due to its advanced technology infrastructure and robust IoT adoption across various industries. Both Canada and South American countries are exhibiting substantial growth in edge security solutions, driven by increasing awareness about cyber threats and governmental efforts to strengthen digital infrastructure. Regulatory frameworks, such as the California Consumer Privacy Act (CCPA) in the U.S., are pushing organizations to adopt edge security measures to protect consumer data proactively. The market is characterized by the presence of leading-edge security solution providers, contributing to strong technological innovations and services tailored to a wide array of verticals, including healthcare, finance, and government sectors. The APAC region is experiencing rapid growth in the edge security market, fueled by increasing digital transformation initiatives and the expansion of IoT devices. Countries such as China, Japan, South Korea, and India are at the forefront, with their governments investing heavily in smart city projects and 5G deployment, which in turn necessitates robust edge security solutions. The demand in this region is also propelled by the burgeoning e-commerce, manufacturing, and healthcare sectors, seeking to protect vast amounts of generated data against cyber threats. EMEA's edge security market demonstrates a diverse and complex landscape shaped by varying levels of technological adoption, cybersecurity awareness, and regulatory rigor. Europe is a significant contributor within the region, driven by strong GDPR (General Data Protection Regulation) compliance requirements, which necessitate enhanced data protection and privacy measures. Countries such as Germany, the UK, and France are witnessing significant investments in edge computing and security technologies aimed at bolstering critical infrastructure, automotive, and industrial sectors. The Middle East, with its strategic focus on economic diversification and smart city initiatives, is rapidly emerging as a significant market for edge security solutions. Africa is beginning to recognize the importance of edge security, driven by its evolving digital economy and cybersecurity initiatives.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Edge Security Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Edge Security Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Edge Security Market, highlighting leading vendors and their innovative profiles. These include Acumera, Inc., AdaptivEdge, LLC, Akamai Technologies, Inc., AppViewX., Axis Security, Barracuda Networks, Inc., Broadcom, Inc., Cato Networks Ltd., Centripetal Networks Inc., Check Point Software Technologies Ltd., Cisco Systems, Inc., Citrix Systems, Inc. by TIBCO Software Inc., Cloudflare, Inc., Cyolo Ltd., F5, Inc., Fastly, Inc., Forcepoint, ForgeRock, Fortinet, Inc., Grip Security, Inc., Happiest Minds, Hewlett Packard Enterprise Development LP, iboss, Inc., Infoblox Inc., International Business Machines Corporation, InterVision Systems, LLC, Lookout, Inc., Lumen Technologies, Musarubra US, LLC, Netskope by Juniper Networks, Inc., Nomios USA Inc., Nord Security Inc., Open Systems by Emerson Electric Co., Palo Alto Networks, Inc., Proofpoint, Inc., Softcell Technologies Global Pvt. Ltd., SonicWall, Inc., Sophos Ltd., Sunny Valley Cyber Security Inc., T-Systems International GmbH, Telefonica Tech, Inc., Trend Micro Incorporated, Twingate Inc., Versa Networks, Inc., Webscale Networks, Inc., Windstream Intellectual Property Services, LLC, ZPE Systems, Inc., Zscaler, Inc., and ZTEdge by Ericom Software Ltd..

Market Segmentation & Coverage

This research report categorizes the Edge Security Market to forecast the revenues and analyze trends in each of the following sub-markets:

Component
- Services
  - Implementation & Integration
  - Managed Services
  - Professional Services
  - Support & Maintenance
  - Training & Consulting

Solutions
- CASB
- SD-WAN
- Secure Access Service Edge

Deployment Mode
- Cloud
- On-premises

Organization Size
- Large Enterprises
- Small & Medium Enterprises

Verticals
- BFSI
- Energy & Utilities
- Government & Defense
- Healthcare
- IT & Telecom
- Manufacturing
- Retail

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Edge Security Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Edge Security Market?

3. What are the technology trends and regulatory frameworks in the Edge Security Market?

4. What is the market share of the leading vendors in the Edge Security Market?

5. Which modes and strategic moves are suitable for entering the Edge Security Market?

Product Code: MRR-F611BFBC64B9

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Exponential rise in the number of cyberattacks with the enormous use of edge security
  - 5.1.1.2. Growth in the development and deployment of edge data centers
  - 5.1.1.3. Surging popularity of cloud-based edge security across various end-user industries
- 5.1.2. Restraints
  - 5.1.2.1. Easy access to free and pirated software and inaccurate functioning of the security system
- 5.1.3. Opportunities
  - 5.1.3.1. Growing advancements in edge security solutions that provide real-time responses
  - 5.1.3.2. Investments in developing smart cities and 5G network infrastructures
- 5.1.4. Challenges
  - 5.1.4.1. Shortage of edge security professionals and complexity of solving advanced security problems
5.2. Market Segmentation Analysis
- 5.2.1. Component: Growing usage of edge security managed services to detect and mitigate cyber threats
- 5.2.2. Verticals: High potential of edge security solutions in the IT & telecom industry that supports data flows and connectivity needs
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Edge Security Market, by Component

6.1. Introduction
6.2. Services
6.3. Solutions

7. Edge Security Market, by Deployment Mode

7.1. Introduction
7.2. Cloud
7.3. On-premises

8. Edge Security Market, by Organization Size

8.1. Introduction
8.2. Large Enterprises
8.3. Small & Medium Enterprises

9. Edge Security Market, by Verticals

9.1. Introduction
9.2. BFSI
9.3. Energy & Utilities
9.4. Government & Defense
9.5. Healthcare
9.6. IT & Telecom
9.7. Manufacturing
9.8. Retail

10. Americas Edge Security Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Edge Security Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Edge Security Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. Seagate Launches SkyHawk AI 24TB Drive for AI-enabled Edge Security
- 13.3.2. Kyndryl Introduces New Security Edge Services with Cisco
- 13.3.3. Spectro Cloud Launches the Secure Edge-Native Architecture (SENA) for Securely Deploying and Managing Edge Computing Environments at Scale
13.4. Strategy Analysis & Recommendation

14. Competitive Portfolio

14.1. Key Company Profiles
14.2. Key Product Portfolio