Edge Security Market by Component (Services, Solutions), Deployment Mode (Cloud, On-premises), Organization Size, Verticals - Global Forecast 2024-2030

Edge Security Market by Component (Services, Solutions), Deployment Mode (Cloud, On-premises), Organization Size, Verticals - Global Forecast 2024-2030

The Edge Security Market size was estimated at USD 28.89 billion in 2023 and expected to reach USD 34.71 billion in 2024, at a CAGR 20.53% to reach USD 106.82 billion by 2030.

Edge security refers to the methodologies and technologies designed to protect data and network infrastructure at the periphery, or 'edge,' of the network. This is a critical consideration in an era increasingly defined by distributed networks and the Internet of Things (IoT), where computing is often done at or near the source of data generation rather than in centralized data centers. Edge security aims to ensure that data and devices are protected against unauthorized access, tampering, and cyber threats as they interact at these network fringes. As businesses and consumers increasingly incorporate IoT devices into their operations and lives, the edge of networks continues to expand, necessitating robust security measures to protect these devices and their data. The growing shift toward decentralized networks that place greater importance on securing data at the edge is driving the growth of the market. Increasing stringent data protection regulations that require organizations to adopt robust security measures, including at the edge, to protect sensitive information from breaches and unauthorized access are creating a platform for market growth. Complexity in deployment and scalability issues with the usage of edge security hampers the growth of the market. Continuous advancements in edge security that provide real-time or near-real-time responses by market vendors are expected to create opportunities for market growth.

Regional Insights

The Americas stands as a significant region in the edge security market, largely due to its advanced technology infrastructure and robust IoT adoption across various industries. Both Canada and South American countries are exhibiting substantial growth in edge security solutions, driven by increasing awareness about cyber threats and governmental efforts to strengthen digital infrastructure. Regulatory frameworks, such as the California Consumer Privacy Act (CCPA) in the U.S., are pushing organizations to adopt edge security measures to protect consumer data proactively. The market is characterized by the presence of leading-edge security solution providers, contributing to strong technological innovations and services tailored to a wide array of verticals, including healthcare, finance, and government sectors. The APAC region is experiencing rapid growth in the edge security market, fueled by increasing digital transformation initiatives and the expansion of IoT devices. Countries such as China, Japan, South Korea, and India are at the forefront, with their governments investing heavily in smart city projects and 5G deployment, which in turn necessitates robust edge security solutions. The demand in this region is also propelled by the burgeoning e-commerce, manufacturing, and healthcare sectors, seeking to protect vast amounts of generated data against cyber threats. EMEA's edge security market demonstrates a diverse and complex landscape shaped by varying levels of technological adoption, cybersecurity awareness, and regulatory rigor. Europe is a significant contributor within the region, driven by strong GDPR (General Data Protection Regulation) compliance requirements, which necessitate enhanced data protection and privacy measures. Countries such as Germany, the UK, and France are witnessing significant investments in edge computing and security technologies aimed at bolstering critical infrastructure, automotive, and industrial sectors. The Middle East, with its strategic focus on economic diversification and smart city initiatives, is rapidly emerging as a significant market for edge security solutions. Africa is beginning to recognize the importance of edge security, driven by its evolving digital economy and cybersecurity initiatives.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Edge Security Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

Exponential rise in the number of cyberattacks with the enormous use of edge security
Growth in the development and deployment of edge data centers
Surging popularity of cloud-based edge security across various end-user industries

Market Restraints

Easy access to free and pirated software and inaccurate functioning of the security system

Market Opportunities

Growing advancements in edge security solutions that provide real-time responses
Investments in developing smart cities and 5G network infrastructures

Market Challenges

Shortage of edge security professionals and complexity of solving advanced security problems

Market Segmentation Analysis

Component: Growing usage of edge security managed services to detect and mitigate cyber threats
Verticals: High potential of edge security solutions in the IT & telecom industry that supports data flows and connectivity needs

Market Disruption Analysis

Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Edge Security Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Edge Security Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Seagate Launches SkyHawk AI 24TB Drive for AI-enabled Edge Security

Seagate Technology Holdings PLC has solidified its position in the data storage sector with the launch of the SkyHawk AI 24TB hard disk drive (HDD), a cutting-edge solution tailored for video and imaging applications (VIA) within enterprise network video recorders (NVRs) that utilize AI. This strategic launch aligns with the growing demand for enhanced data management in edge security, leveraging the SkyHawk AI 24TB's capacity to efficiently manage vast data sets important for AI-driven applications.

Kyndryl Introduces New Security Edge Services with Cisco

Kyndryl, in collaboration with Cisco Systems, Inc., introduced two pioneering security edge services aimed at enhancing cybersecurity measures and proactive cyber incident responses for their clients. The offerings include Kyndryl Consult Security Services Edge (SSE) with Cisco Secure Access, which delivers a comprehensive, modular approach to consulting and deploying SSE architectures utilizing Cisco's advanced technology. Through these offerings, Kyndryl aims to assist organizations in meeting their objectives in application modernization, robust networking, and safeguarding infrastructure with an emphasis on zero trust networks and hybrid work environments

Spectro Cloud Launches the Secure Edge-Native Architecture (SENA) for Securely Deploying and Managing Edge Computing Environments at Scale

In an innovative leap forward for the edge computing landscape, Spectro Cloud, in collaboration with Intel, announces the launch of the Secure Edge-Native Architecture (SENA), a pioneering solution designed to revolutionize the management of edge environments. SENA, grounded in zero-trust security principles, offers an holistic approach to edge computing, seamlessly integrating advancements from the silicon level to application deployment. This enterprise-grade architecture empowers IT solution providers and enterprises with a reference model that simplifies, secures, and reduces the cost of managing edge technologies at scale.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Edge Security Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Edge Security Market, highlighting leading vendors and their innovative profiles. These include Acumera, Inc., AdaptivEdge, LLC, Akamai Technologies, Inc., AppViewX., Axis Security, Barracuda Networks, Inc., Broadcom, Inc., Cato Networks Ltd., Centripetal Networks Inc., Check Point Software Technologies Ltd., Cisco Systems, Inc., Citrix Systems, Inc. by TIBCO Software Inc., Cloudflare, Inc., Cyolo Ltd., F5, Inc., Fastly, Inc., Forcepoint, ForgeRock, Fortinet, Inc., Grip Security, Inc., Happiest Minds, Hewlett Packard Enterprise Development LP, iboss, Inc., Infoblox Inc., International Business Machines Corporation, InterVision Systems, LLC, Lookout, Inc., Lumen Technologies, Musarubra US, LLC, Netskope by Juniper Networks, Inc., Nomios USA Inc., Nord Security Inc., Open Systems by Emerson Electric Co., Palo Alto Networks, Inc., Proofpoint, Inc., Softcell Technologies Global Pvt. Ltd., SonicWall, Inc., Sophos Ltd., Sunny Valley Cyber Security Inc., T-Systems International GmbH, Telefónica Tech, Inc., Trend Micro Incorporated, Twingate Inc., Versa Networks, Inc., Webscale Networks, Inc., Windstream Intellectual Property Services, LLC, ZPE Systems, Inc., Zscaler, Inc., and ZTEdge by Ericom Software Ltd..

Market Segmentation & Coverage

This research report categorizes the Edge Security Market to forecast the revenues and analyze trends in each of the following sub-markets:

Component
Services
Implementation & Integration
Managed Services
Professional Services
Support & Maintenance
Training & Consulting
Solutions
CASB
SD-WAN
Secure Access Service Edge
Deployment Mode
Cloud
On-premises
Organization Size
Large Enterprises
Small & Medium Enterprises
Verticals
BFSI
Energy & Utilities
Government & Defense
Healthcare
IT & Telecom
Manufacturing
Retail
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year