According to a research report "Edge Security Market Trends by Component (Solutions (CASB, SD-WAN, SASE) and Services), Organization Size (Large Enterprises, SMEs), Deployment Mode, Vertical (BFSI, Government Defense, and IT Telecom) and Region - Global Forecast to 2027" published by MarketsandMarkets, the edge security market size is expected to grow from USD 19.2 billion in 2022 to USD 51.1 billion by 2027 at a Compound Annual Growth Rate (CAGR) of 21.6% during the forecast period.

By component, the services segment is expected to grow at a higher CAGR during the forecast period.

Based on components, the market is segmented into solutions and services. The services segment is expected to grow at a higher CAGR during the forecast period. The services segment has been broadly classified into professional and managed services. Professional services have been further classified into implementation integration, training consulting, and support maintenance. The training consulting services segment enables enterprises to choose the best possible solutions and services depending on the company size, requirement, usage, and many more. Support maintenance services provide enterprises with technical, customer, and backup support to ensure uninterrupted operational activities. With the higher adoption of edge security solutions across the industry verticals, organizations' demand for supporting services is also increasing. On the other hand, managed services are offered by the third-party provider to manage the additional and operational challenges of the enterprise.

Major Highlights of the Edge Security Market:

Market Growth and Adoption: The Edge Security market is experiencing rapid growth due to the increasing deployment of edge computing solutions, driven by the need for real-time data processing and low-latency applications.

Integration with Edge Computing: Edge Security is becoming essential as more data is processed at the network's edge, closer to users and devices, making traditional centralized security models less effective.

Focus on IoT Security: The proliferation of Internet of Things (IoT) devices is a significant driver for Edge Security, as these devices are often vulnerable to cyberattacks and require protection at the edge.

Zero Trust Architecture: The adoption of Zero Trust principles is a key trend in Edge Security, ensuring that all devices and connections at the edge are continuously authenticated and authorized.

Emergence of SASE: Secure Access Service Edge (SASE) solutions are increasingly incorporating Edge Security features, providing a comprehensive approach to securing distributed networks and remote users.

AI and Machine Learning Integration: AI and machine learning are being integrated into Edge Security solutions to provide real-time threat detection, anomaly detection, and automated responses at the edge

Challenges with Decentralization: As data and processing move closer to the edge, securing decentralized environments presents challenges, including managing diverse devices, networks, and locations.

5G and Edge Security: The rollout of 5G networks is accelerating the need for robust Edge Security solutions, as 5G enables more connected devices and faster data processing at the edge

Data Privacy and Compliance: Edge Security solutions are increasingly focused on ensuring data privacy and compliance with regulations like GDPR and CCPA, as more sensitive data is processed at the edge.

Vendor Landscape and Partnerships: The market is witnessing significant activity in terms of partnerships and collaborations among security vendors, telecom operators, and cloud providers to develop integrated Edge Security solutions.

North America held the largest market size in 2022.

North America comprises the US and Canada. The region leads global technological innovation. According to the World Economic Forum's 2018 Global Competitive Index, the region's competitiveness is mainly due to its business dynamism, strong institutional pillars, financing mechanisms, and vibrant innovation ecosystem. The growth in IoT and 5G services in the region is driving the demand for edge security solutions with the growing use cases of edge computing. According to SmartAmerica Challenge, local administrations will invest USD 41 trillion over the next twenty years to prepare their infrastructure for the IoT to implement smart city projects. Further, the region is the hub for various edge security solution providers investing in RD to develop innovative products and services. For instance, in August 2022, Lumen Technologies launched Lumen SASE Solutions to provide secure, high-performing access to any user, on any device, in virtually any location. Similarly, in June 2020, Veeva announced the availability of its Virtual Trusted Private Network (vTPN) Security as a Service (SaaS) solution. vTPN integrates Privafy's carrier-grade data-in-motion security software with VeeaHub Smart Edge Nodes (SENs) to offer a full spectrum of protection against cyberattacks, unauthorized access and intrusion, malware, DOS/DDOS attacks, malicious service interruption, ransomware, and botnets.

Key players

The major players operating in the edge security market are  Palo Alto Networks (US), Check Point (Israel), Broadcom (US), Fortinet (US), Cisco (US), Zscaler (US), Cloudflare (US), Forcepoint (US), VMware (US), Citrix (US), Akamai (US), Juniper Networks (US), Netskope (US), Trend Micro (Japan), Proofpoint (US), Barracuda (US), Sophos (UK), SonicWall (US), Infoblox (US), Open Systems (US), F5 (US), Lookout (US), and iboss (US).

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