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Edge Security Market Size

Report ID: GMI5449
Published Date: Mar 2023
Report Format: PDF

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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.

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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.

Edge Security Market Report Attributes
Report Attribute	Details
Base Year:	2022
Edge Security 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:	Rising security concern among enterprises Growing government support for multi-cloud security solutions Rising adoption of IoT devices Growing threat of data breaches Rising adoption of 5G technology
Pitfalls & Challenges:	Managing highly distributed environments Skills shortage of highly skilled professionals to deploy and manage complex security solutions

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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.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of edge security was valued at USD 15 billion in 2022 and is slated to depict more than 15% CAGR from 2023 to 2032, driven by increasing emphasis on multi-cloud computing across industrial sectors.

The on-premise deployment mode segment is set to hold over 60% share of the industry by 2032, given its ability to offer control over network and data security, meet regulatory compliance requirements, and ensure customization.

The market size for edge security in Asia Pacific is poised to reach USD 15 billion by 2032, owing to the rapid digitalization and the extensive adoption of cloud services.

Key players in the market include Zscaler Inc., VMWare Inc., Trend Micro Incorporated, Sophos Ltd., Open Systems, Jupiter Networks Inc., CloudFlare Inc., Cisco Systems Inc., Broadcom Inc., AWS (Amazon), and Akamai Technologies Inc.