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Edge Security Market Size
Edge Security Market size exceeded USD 15 billion in 2022 and is anticipated to expand at more than 15% CAGR between 2023 and 2032, owing to the high emphasis on multi-cloud computing.
A multi-cloud approach has become a standard among global organizations. Based on the Flexera 2022 State of the Cloud Report, 89% of respondents reported adopting a multi-cloud strategy. Given that cloud systems are at high risk of unauthorized access and cyber-attacks, such trends will boost consumer interest in edge computing security solutions.
To address security concerns at the perimeter of cloud networks, software companies have also enhanced their product offerings. Citing an instance, in September 2022, Netskope announced improvements to the firewall-as-a-service component, Netskope Cloud Firewall, of its SASE platform to aid customers in simplifying operations and preventing threats. Cloud edge security system developments such as these, alongside the strong demand for quality video content and real-time digital experiences, will augment the need for CDNs and consequently drive the edge security market growth.
| Report Attributes | Details |
|---|---|
| Base Year: | 2022 |
| Market Size in 2022: | USD 15 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 15% |
| 2032 Value Projection: | USD 70 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 230 |
| Tables, Charts & Figures: | 444 |
| Segments covered: | Component, Organization Size, Deployment Mode, End-use and Region |
| Growth Drivers: | |
| Pitfalls & Challenges: |
Edge solutions can ensure latency reduction and optimize CDN performance, allowing users to gain rapid access to content. However, the increasing adoption of digital tech has made organizations more distributed, with a range of endpoints across remote offices and other locations. The concerns regarding highly distributed environment management may thus impede industry progress to a certain extent.
Edge Security Market Analysis
With respect to end-use, the edge security market value from the IT & telecom segment reached over USD 5 billion in 2022, given the system’s ability to deliver computing and storage resources to users in close proximity. The awareness about high bandwidth, low latency, data offload, data processing, and trusted storage and computing capabilities of edge solutions has also increased. The mounting risks of cyber threats among telecom companies will thus drive the market demand.
Edge security market size from the SME organization size segment is expected to surpass USD 20 billion by 2032, on account of the rising demand for information technology. In developing nations such as India, the IT-enabled services sector is set to sustain a strong growth trajectory, especially for small- and medium-sized enterprises. Additionally, the rapid digital transformation to enhance customer experiences and the integration of artificial intelligence technologies for preemptive protection against ransomware will further escalate the reliance of SME on edge security architectures.
In terms of the component, the edge security market value from the solution segment will cross USD 40 billion by 2032, considering the high emphasis on data protection both on the network’s periphery and its core. Manufacturers are integrating intrusion detection, web filtering, and network security into a streamlined offering to safeguard against cyber threats without deployment issues and other complications. Enterprises have also adopted cloud-hosted SaaS applications as part of digitalization efforts, resulting in the deployment of various edge security solutions to boost network connectivity.
Based on deployment mode, the on-premise segment is anticipated to hold over 60% share of the edge security market by 2032. On-premise edge security solutions can offer greater control over network and data security, meet regulatory compliance requirements, and ensure high customization and flexibility. Since such solutions can be tailored to meet specific business needs, multiple organizations are showing preference for on-premise programs to allow for more granular control over security policies.
On the regional front, the Asia Pacific edge security market is set to exceed USD 15 billion by 2032, due to the rapid digitalization and the extensive adoption of cloud services. This increasing reliance on emerging technologies has accelerated the deployment of edge security solutions to ensure efficient and safe business operations. Manufacturers are also developing advanced products that support data-intensive applications and enterprise innovation, further asserting a positive influence on regional industry trends.
Edge Security Market Share
The Prominent participants operating across the edge security market include
- Zscaler Inc.
- VMWare Inc.
- Trend Micro Incorporated
- Sophos Ltd.
- Palo Alto Networks
- Open Systems
- Netskope
- Microsoft Corporation
- Jupiter Networks Inc.
- IBM Corporation
- Forcepoint
- CloudFlare Inc.
- Cisco Systems Inc.
- Broadcom Inc.
- Barracuda Networks
- AWS (Amazon)
- Akamai Technologies Inc.
Product range expansions and acquisitions are among the key strategies being undertaken by these firms to boost their footprint in the industry.
For instance, in February 2022, Juniper Networks unveiled the new component of its Secure Access Service Edge architecture. This solution was designed to provide businesses with the ability to secure workforces through a Firewall-as-a-Service software structure. This initiative enabled the company to strengthen its presence and expand its customer base in the market.
Impact of COVID-19 pandemic
The COVID-19 outbreak emerged as a major factor accelerating cloud adoption, which has been on the rise over the past decade, amid the rapid shift toward remote working during lockdowns. Despite the general economic volatility and uncertainty, organization investments in cloud technologies have surged over the past years to boost resilience, scalability, and agility through technology.
This edge security market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2032 for the following segments:
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Market, By Component
- Solution
- Software-defined Wide Area Network (SD-WAN)
- Secure Web Gateway (SWG)
- Zero-Trust Network Access (ZTNA)
- Cloud-Access Security Broker (CASB)
- Firewall-as-a-Service (FWaaS)
- Others
- Services
- Managed Service
- Professional Service
Market, By Deployment Mode
- On-premises
- Cloud
Market, By Organization Size
- Large enterprise
- SME
Market, By Application
- IT &Telecommunications
- BFSI
- Healthcare
- Retail
- Manufacturing
- Government & public enterprises
- Others
The above information has been provided for the following regions and countries:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Asia Pacific
- China
- Japan
- India
- South Korea
- ANZ
- Southeast Asia
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
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