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Cybersecurity Mesh Market size was valued at USD 1 billion in 2022 and is projected to grow at over 15% CAGR from 2023 to 2032. The increased need for developing a strong security infrastructure is driving market growth. Cybersecurity Mesh Architecture (CSMA) enables interoperability and coordination among security systems, resulting in a more unified security strategy. It focuses on protecting specific endpoints rather than attempting to protect all assets with a single solution, improving the security of a business. CSMA makes the security posture more adaptable and facilitates individual security services to interact & integrate, leading to a dynamic network security environment.
The cybersecurity industry is becoming more complex with the increasing number of entry points for threats and growing technology verticals. This requires trained cybersecurity professionals to understand and respond to advanced cyberattacks. Hence, the shortage of skilled professionals resulting in the inability to manage an increasingly complex threat landscape and the rising cases of cyber-attacks are expected to restrain the market growth.
Report Attribute | Details |
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Base Year: | 2022 |
Cybersecurity Mesh Market Size in 2022: | USD 1 Billion |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 15% |
2032 Value Projection: | USD 5 Billion |
Historical Data for: | 2018 to 2022 |
No. of Pages: | 140 |
Tables, Charts & Figures: | 290 |
Segments covered: | Offering, Application, Deployment Model, End-Use |
Growth Drivers: |
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Pitfalls & Challenges: |
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The cybersecurity mesh market from solution segment is expected to expand at 18% CAGR through 2032, as cybersecurity mesh solutions include an ecosystem of security technologies to protect a distributed company. These solutions supplement supportive layers for essential security abilities. They incorporate composable, distributed security technologies by integrating the data & control plane and forming collaborations among devices. They offer unified protection for the entire IT infrastructure involving cloud, networks, mobile, endpoints, and IoT devices.
The cybersecurity mesh market from large enterprise segment will exceed USD 2.5 billion by 2032, due to increased spending on IT infrastructure by large enterprises. These enterprises possess several servers, networks, endpoint devices, and storage equipment, which puts them at a high risk of suffering significant financial losses due to cyberattacks. As several firms are adopting hybrid working models, anonymous networks and the usage of personal devices pose a huge security risk to large enterprises, which is expected to propel the market demand.
The cybersecurity mesh market from banking segment is slated to observe around 20% CAGR from 2022 and 2032, owing to the rising number of data breach incidents in banks and other institutions. The rapid adoption of cybersecurity mesh solutions in banks can be attributed to the confidentiality of financial data. Due to the high frequency of inter-organizational money transfers, banks and other financial institutions are prone to cyberattacks. The banking sector is increasingly adopting these solutions to comply with stringent regulations and security standards.
The North America cybersecurity mesh market is set to surpass USD 1.8 billion by 2032, attributed to the rising digitization in the region in recent years. The increasing adoption of technologies, such as IoT, cloud-based applications, and digital payments, has complicated business operations and raised concerns, making this region more susceptible to cyberattacks. Organizations now face higher risks of cyberattacks owing to the region's increasing digitalization. Governments in the region are emphasizing the implementation of regulations for data privacy, accelerating the adoption of cybersecurity mesh.
Some prominent players in the market include
These firms are focusing on partnerships & collaborations and new product launches to strengthen their market presence.
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Market, By Offering
Market, By Deployment Mode
Market, By Application
Market, By End User
The above information has been provided for the following regions and countries: