Edge Security Market Forecasts to 2030 - Global Analysis By Component (CASB, Implementation & Integration, SASE, SD-WAN, Services, Solutions, Support & Maintenance and Training & Consulting), Deployment Mode, Organization Size, End User and By Geography
According to Stratistics MRC, the Global Edge Security Market is accounted for $23.73 billion in 2023 and is expected to reach $104.58 billion by 2030 growing at a CAGR of 23.6% during the forecast period. The Edge Security is a subsegment of the cybersecurity market that focuses on protecting and securing networks, devices, and data at the edge of network architecture. Computer resources and data that are located closer to end users or devices are referred to as being on the edge, as opposed to being centralized in a data center or the cloud. Devices at the network's edge, such as edge servers, gateways, smartphones, and other IoT (Internet of Things) devices, are handled by edge security solutions.
According to the AT&T Cybersecurity Insights Report 2022, 5G and cloud are the most preferred edge networks. The report found that over 93% of respondents researched, implemented, and completed 5G implementations, and 58% believed the cellular edge would enable near-real-time cloud services.
Need for secure access to cloud services and websites
One of the main use cases for the security service edge is enforcing policy control over user access to the internet, online, and cloud services (historically carried out by a SWG). Risk is reduced while end users access content both on and off the network because of SSE policy management. Secure access to IaaS, PaaS, and SaaS is also significantly influenced by compliance with corporate internet and access control policies. Cloud Security Posture Management (CSPM), which guards against unsafe misconfigurations that might result in breaches, is another crucial function.
Managing highly distributed environments
Managing any large-scale edge architecture entails managing a huge number of smaller IT environments—possibly thousands. It is time-consuming to manually update activities like configuration management, OS patches, and other software updates. Large-scale distributed infrastructure deployment and management are difficult enough without adding unpredictability and silos to the equation. Therefore, administration and automation are crucial for tasks like centralized application updates, event-driven action, and bulk configuration. For managing edge computing environments, standardized operating system settings and cluster orchestration are crucial.
Increasing adoption of 5G services
Edge computing and 5G are related technologies. Both of these have the potential to greatly enhance application performance and allow for the real-time processing of enormous volumes of data. While mobile edge computing lowers latency by introducing processing capabilities into the network closer to the end user, 5G speeds up communication by up to ten times that of 4G. Ultra-Reliable Low Latency Communication (URLLC), which enables applications like V2X and Telesurgery, Cobots, and more, will be supported by 5G due to a jump in technology. End-to-end latency for these applications must be measured in milliseconds. Enhanced Mobile Broadband (eMBB) will be a feature of 5G that will be available for use cases requiring high data rates, like virtual and augmented reality.
Lack of awareness and education about SASE security architecture
Numerous businesses had to speed up their digital transformation efforts in response to the COVID-19 epidemic in order to accommodate work from anywhere and remote operations. Security and IT professionals said that 84% of firms recently increased their digital transformation adoption projects and shifted to the cloud in the Versa Networks Global Transformation Survey 2021. The two biggest problems encountered during this shift were network performance and security. As a result of the numerous new devices being connected to enterprises' networks, the systems became overwhelmed, and security concerns sharply increased.
Enterprises increasingly favor e-learning and remote working platforms as a result of the COVID 19 pandemic. Business networks have experienced an increase in demands for access due to the growing acceptance of remote working. Due to this circumstance, the firm's networks experienced higher traffic volumes and more data encryption traffic. The need for a sophisticated network solution is therefore anticipated to increase. Furthermore, even after the pandemic, it is projected that these security solutions will become more popular in specific industries.
The managed services segment is expected to be the largest during the forecast period
Throughout the projected period, Managed Service Providers (MSPs) held the majority of the market share, which includes administering databases and data collection. Managed Security Service Providers (MSSPs) give other businesses specialized security services. Managed Security Services (MSSs) come in a variety of forms, including cloud services, sophisticated fraud investigators, on-premises device monitoring and management services, and pure system administration. The managed services industry is highly fragmented and made up of vendors from a variety of industries, including specialized MSS providers, security experts, system integrators, and VARs.
The cloud segment is expected to have the highest CAGR during the forecast period
As a result of distributed edge expansion that expands the attack surface and strengthens the demand for security at each site, the cloud segment is predicted to experience profitable growth during the forecasted period. For multi-cloud, hybrid-cloud, and multi-tenant edge deployments, cloud-based edge security solutions provide a solution. Through the implementation of a zero-trust security model across all edge locations, it provides tested solutions for IoT, API, LAN, and application security. The difficulties in administering older application-based solutions are removed by edge security solutions built on the cloud.
Region with largest share:
Due to the business dynamism, pillars, essential institutional pillars, strong innovation environment, and financing mechanism, the North American region experienced the most economic share in the edge security market throughout the anticipated period. With the increased use of edge computing and the greater acceptance of IoT and 5G services in the area, there is a growing need for edge security solutions. Additionally, the region serves as a hub for a large number of edge security solution providers who are funding R&D to create cutting-edge products and services.
Region with highest CAGR:
The Asia-Pacific region is anticipated to grow rapidly during the extended timeframe. The area is home to several advanced economies, including China, Japan, Australia, and New Zealand. Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS) are areas where the region thrives. This will probably fuel the expansion of the local edge security sector. In contrast to North America and Europe, the Asia-Pacific region has a lower adoption rate. According to the Sophos Future of Cybersecurity Asia Pacific and Japan 2022 report, this is primarily due to a shortage of knowledgeable cybersecurity specialists and a lack of awareness among leading IT professionals.
Key players in the market
Some of the key players in Edge Security market include Akamai Technologies Inc, Amazon Web Services, Inc, Broadcom, Inc, Check Point Software Technologies Ltd, Cisco Systems, Inc, Cloud Software Group, Inc, Cloudflare, Inc, F5 Networks, Inc, Forcepoint LLC (Francisco Partners), Fortinet, Inc, IBM Corporation, Jupiter Networks, Inc, Microsoft Corporation , Palo Alto Networks, Inc and Zscaler Softech India Private Limited.
In October 2022, Fortinet announced significant cloud-delivered enhancements to FortiSASE to enable secure internet access that ensures consistent security for all user traffic to and from the internet. FortiSASE now includes new updates enhancing support for secure private and SaaS access cases.
In October 2022, Zscaler came into partnership with DYXnet, a member of NEOLINK and a carrier-neutral enterprise network service provider across China. Under this partnership, companies would launch the DYXnet SASE solution. With the solution customers could streamline security operations in the cloud, building a seamless user experience while protecting their IT infrastructures against the onslaught of cyber threats.
In September 2022: Palo Alto Networks partnered with Wipro, an India-based Information technology company. With this partnership, the company would deliver its customers' complete platforms with managed services to support customers protect the cloud, and network and broadening their edge in a way that is combined, simple, and automated.
In Aug-2022, Fortinet came into partnership with Comcast Business, a provider of big business capabilities and development to small businesses at affordable prices. Through this partnership, Fortinet would create SASE services that help customers at any stage of digital advancement with Fortinet's industry-leading security-driven networking technology.
In June 2022, Cisco joined hands with Kyndryl, a provider of IT infrastructure services. Under this partnership, companies would help enterprise customers boost their transformation into data-driven businesses powered by Cisco solutions and Kyndryl managed services.
In March 2022, Fortinet partnered with Orange Business Services, a global integrator of communications products and services. In this partnership, both companies would aim to provide a disruptive approach to Secure Access Service Edge (SASE). The approach consists of integration and automation allowing real-time service updates and an unparalleled user experience.
In February 2022, Check Point acquired Spectral, an innovator in automated code security. With this acquisition, Check Point would enhance its Cloud Guard solution with a developer-first security platform and provide the widest range of cloud application security.
• Implementation & Integration
• Support & Maintenance
• Training & Consulting
Deployment Modes Covered:
• On Premises
Organization Sizes Covered:
• Small & Medium Sized Enterprises (SMEs)
• Large Enterprises
End Users Covered:
• Banking, Financial Services & Insurance (BFSI)
• Energy & Utilities
• Government & Defense
• IT & Telecom
• Other End Users
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
3 Market Trend Analysis
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Edge Security Market, By Component
5.3 Implementation & Integration
5.6.1 Managed Services
5.6.2 Professional Services
126.96.36.199 Support & Maintenance Services
188.8.131.52 Training & Consulting Services
184.108.40.206 Implementation & Integration Services
5.7.1 Secure Access Service Edge
5.7.2 Software Defined Wide Area Network
5.7.3 Cloud Access Security Broker
5.7.4 Other Solutions
5.8 Support & Maintenance
5.9 Training & Consulting
6 Global Edge Security Market, By Deployment Mode
6.3 On Premises
7 Global Edge Security Market, By Organization Size
7.2 Small & Medium Sized Enterprises (SMEs)
7.3 Large Enterprises
8 Global Edge Security Market, By End User
8.2 Banking, Financial Services & Insurance (BFSI)
8.3 Energy & Utilities
8.4 Government & Defense
8.6 IT & Telecom
8.9 Other End Users
9 Global Edge Security Market, By Geography
9.2 North America
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.5 Other Key Strategies
11 Company Profiling
11.1 Akamai Technologies Inc
11.2 Amazon Web Services, Inc
11.3 Broadcom, Inc
11.4 Check Point Software Technologies Ltd
11.5 Cisco Systems, Inc
11.6 Cloud Software Group, Inc
11.7 Cloudflare, Inc
11.8 F5 Networks, Inc
11.9 Forcepoint LLC (Francisco Partners)
11.10 Fortinet, Inc
11.11 IBM Corporation
11.12 Jupiter Networks, Inc
11.13 Microsoft Corporation
11.14 Palo Alto Networks, Inc
11.15 Zscaler Softech India Private Limited
List of Tables
1 Global Edge Security Market Outlook, By Region (2021-2030) ($MN)
2 Global Edge Security Market Outlook, By Component (2021-2030) ($MN)
3 Global Edge Security Market Outlook, By CASB (2021-2030) ($MN)
4 Global Edge Security Market Outlook, By Implementation & Integration (2021-2030) ($MN)
5 Global Edge Security Market Outlook, By Managed Services (2021-2030) ($MN)
6 Global Edge Security Market Outlook, By Other Solutions (2021-2030) ($MN)
7 Global Edge Security Market Outlook, By Professional Services (2021-2030) ($MN)
8 Global Edge Security Market Outlook, By SASE (2021-2030) ($MN)
9 Global Edge Security Market Outlook, By SD-WAN (2021-2030) ($MN)
10 Global Edge Security Market Outlook, By Services (2021-2030) ($MN)
11 Global Edge Security Market Outlook, By Managed Services (2021-2030) ($MN)
12 Global Edge Security Market Outlook, By Professional Services (2021-2030) ($MN)
13 Global Edge Security Market Outlook, By Solutions (2021-2030) ($MN)
14 Global Edge Security Market Outlook, By Secure Access Service Edge (2021-2030) ($MN)
15 Global Edge Security Market Outlook, By Software Defined Wide Area Network (2021-2030) ($MN)
16 Global Edge Security Market Outlook, By Cloud Access Security Broker (2021-2030) ($MN)
17 Global Edge Security Market Outlook, By Other Solutions (2021-2030) ($MN)
18 Global Edge Security Market Outlook, By Support & Maintenance (2021-2030) ($MN)
19 Global Edge Security Market Outlook, By Training & Consulting (2021-2030) ($MN)
20 Global Edge Security Market Outlook, By Deployment Mode (2021-2030) ($MN)
21 Global Edge Security Market Outlook, By Cloud (2021-2030) ($MN)
22 Global Edge Security Market Outlook, By On Premises (2021-2030) ($MN)
23 Global Edge Security Market Outlook, By Organization Size (2021-2030) ($MN)
24 Global Edge Security Market Outlook, By Small & Medium Sized Enterprises (SMEs) (2021-2030) ($MN)
25 Global Edge Security Market Outlook, By Large Enterprises (2021-2030) ($MN)
26 Global Edge Security Market Outlook, By End User (2021-2030) ($MN)
27 Global Edge Security Market Outlook, By Banking, Financial Services & Insurance (BFSI) (2021-2030) ($MN)
28 Global Edge Security Market Outlook, By Energy & Utilities (2021-2030) ($MN)
29 Global Edge Security Market Outlook, By Government & Defense (2021-2030) ($MN)
30 Global Edge Security Market Outlook, By Healthcare (2021-2030) ($MN)
31 Global Edge Security Market Outlook, By IT & Telecom (2021-2030) ($MN)
32 Global Edge Security Market Outlook, By Manufacturing (2021-2030) ($MN)
33 Global Edge Security Market Outlook, By Retail (2021-2030) ($MN)
34 Global Edge Security Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
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