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Edge Security Market Analysis
- Report ID: GMI5449
- Published Date: Mar 2023
- Report Format: PDF
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.
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Edge Security Market Scope
