Cybersecurity Mesh Market Size, Share & Trends Analysis Report By Offering (Solutions, Services), By Deployment (Cloud, On-Premise), By Enterprise Size (SMEs, Large Enterprises), By Vertical, By Region, And Segment Forecasts, 2023 - 2030

Cybersecurity Mesh Market Size, Share & Trends Analysis Report By Offering (Solutions, Services), By Deployment (Cloud, On-Premise), By Enterprise Size (SMEs, Large Enterprises), By Vertical, By Region, And Segment Forecasts, 2023 - 2030

Cybersecurity Mesh Market Growth & Trends

The global cybersecurity mesh market size is expected to reach USD 4.90 billion by 2030, according to the new report of Grand View Research, Inc. The market is expected to expand at a CAGR of 11.1% from 2023 to 2030. The cybersecurity mesh solutions aim to offer more scalable, resilient, and flexible security solutions to overcome evolving cyber threats. The growing diversity and complexity of IT environments are one factor driving the demand for the cybersecurity mesh market. The adoption of the modern IT ecosystem is becoming complex due to the deployment of cloud computing, the Internet of Things (IoT), and other distributed networks across the systems. This growing complexity has led to different security challenges that require an enhanced approach to cybersecurity solutions, thereby surging the demand for the market.

Further, the remote work and mobility structure has emerged the need for more sophisticated cybersecurity solutions. The growing popularity of working from home has driven a corresponding growth in cybersecurity incidents. There has been a growth in the risk of data breaches and expansion of potential surface attacks, which has moved out of conventional perimeter defenses, such as intrusion and firewall detection systems, mainly adopted by enterprises to overcome cybercrimes. The cybersecurity mesh architecture plays an important role in solving these cyber issues, as it enables security controls to be applied directly to individual devices and users despite the change in their locations. This is expected to benefit the growth of the market over the forecast period.

Moreover, the rising need to focus on data privacy and security compliances across regions has emerged in the growth of the cybersecurity mesh market. For instance, the General Data Protection Regulation (GDPR) is a legal framework supported by the EU law for data privacy and protection in the European and EU economic area. Additionally, the California Consumer Privacy Act (CCPA) of 2018 enables consumers to have control over the personal details that enterprises collect for operating businesses. A cybersecurity mesh allows consumers granular security and data protection measures, thereby supporting compliance and regulatory measures. The growing need for fulfilling privacy and compliance regulations has propelled the demand for the cybersecurity mesh market.

Cybersecurity Mesh Market Report Highlights

• The solutions segment accounted for the largest market share of over 74.0% in 2022 and is anticipated to maintain its dominance over the forecast period owing to the growing need across various industries such as IT & Telecom, healthcare, retail, and manufacturing to deploy the most adaptable and practical approach of security for overcoming threats at an enterprise level
• The cloud segment is expected to observe the highest CAGR of 12.0% during the forecast period. The cloud deployment of cybersecurity mesh allows enterprises to reduce surface attacks and minimize the threat of potential breaches, thereby surging the demand for the market
• The large enterprise segment is anticipated to witness exceptional CAGR of 11.4% during the forecast period. The growing need for decentralized architecture among large enterprises to secure data across distributed and complex environments such as cloud infrastructure, mobile devices, and remote working structures is anticipated to surge the market demand across large enterprises
• The IT and telecom segment is anticipated to register considerable CAGR of 13.0% over the forecast period and is expected to maintain its dominance over the forecast period. The combination of edge computing, cloud services, on-premise structure, AI, Internet of Things (IoT), and other advanced technologies makes a complex and diverse ecosystem. Such an environment is mainly prone to cyber threats, making it essential for the IT & Telecom sector to adopt cybersecurity mesh architecture
• The North America regional market is expected to account for the largest market share of over 40.0% in 2022 and is expected to retain its position over the forecast period. The growing risks and complexity of cyber threats across the region due to highly developed IT infrastructure is fueling the demand for the cybersecurity mesh market
• Key market players in the cybersecurity mesh market have an extended operating history, a large customer base, and significant competitive strengths. In addition to the inorganic growth strategies, vendors emphasize improving after-sale service offerings to ensure periodic maintenance of installed products

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