The edge security market is projected to grow at a Compound Annual Growth Rate (CAGR) of 21.6% during the forecast period, increasing from USD 19.2 billion in 2022 to USD 51.1 billion by 2027.Professional services have been further classified into implementation & integration, training & consulting, and support & maintenance.
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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. 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.
Large enterprises segment to hold significant market share in 2022.
Enterprises with more than 1,000 employees are considered large enterprises. Large enterprises are the early adopters of edge security solutions, as they use a large number of business applications that are susceptible to fraudulent attacks. As these enterprises are large, with different types of IT infrastructure, they face the difficult task of effectively managing the security of their several applications. Unlike SMEs, large enterprises are well-equipped with technical skills, have higher investment capabilities, and are more exposed to cyberattacks. This has led to higher awareness levels among large enterprises. Hackers try to hack into the networks and systems of enterprises for either financial interests or to access unauthorized data and information. These factors encourage large enterprises to adopt edge security solutions early.
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 R&D 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.
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Unique Features in the Edge Security Market
Edge security is designed to protect networks that are increasingly distributed due to the growing number of edge devices and remote access points. These security solutions focus on securing data closer to its source—at the edge of the network—rather than relying on centralized data centers. This distributed approach minimizes the risk of cyberattacks targeting centralized infrastructure and ensures that edge devices and applications remain secure.
Edge security solutions emphasize real-time threat detection and response, leveraging the proximity of security systems to edge devices. This real-time capability ensures that potential cyber threats are identified and mitigated as quickly as possible, reducing latency and improving overall security. The ability to respond to threats without routing data back to central systems is a key differentiator in the edge security landscape.
The rise of 5G networks has accelerated the need for robust edge security. 5G’s faster data speeds and lower latency enable a massive increase in the number of connected devices, expanding attack surfaces. Edge security solutions are uniquely positioned to handle this increased demand by securing data and applications in real-time, ensuring that 5G deployments remain safe from cyber threats.
Artificial intelligence (AI) and machine learning (ML) play a crucial role in enhancing edge security solutions. These technologies are used to monitor network behavior, detect anomalies, and predict potential threats at the edge. AI-powered edge security systems can automatically adapt to new threats, reducing the reliance on manual monitoring and ensuring faster, more accurate threat mitigation.
With the rapid proliferation of Internet of Things (IoT) devices, edge security has evolved to specifically address the vulnerabilities introduced by these devices. IoT devices often operate at the edge of networks, making them prime targets for cyberattacks. Edge security solutions include features such as device authentication, secure communication channels, and endpoint protection to ensure that IoT devices do not become entry points for malicious actors.
Major Highlights of the Edge Security Market
As more businesses adopt edge computing, the security landscape is shifting to protect distributed environments. Edge security solutions are critical in safeguarding data and devices that operate outside centralized data centers. This approach minimizes the risks associated with a dispersed network infrastructure, which is a key highlight as companies move towards more decentralized models.
Edge security solutions offer real-time threat detection and response capabilities, enabling immediate protection for low-latency applications such as autonomous vehicles, industrial automation, and telemedicine. The ability to secure these applications without the need for data to be routed back to a central location enhances both performance and security.
The roll-out of 5G networks has significantly boosted the edge security market. With the increased speed, bandwidth, and number of connected devices facilitated by 5G, securing the data and devices at the network edge has become more critical. Edge security solutions are evolving to meet the needs of this high-speed, low-latency environment, making 5G integration a key driver of market growth.
Artificial intelligence (AI) and machine learning (ML) are transforming the edge security market by enabling faster, more accurate threat detection and response. AI-powered systems can monitor network traffic and identify potential threats in real-time, predicting and preventing cyberattacks before they occur. This is a major highlight as businesses look for more proactive security solutions.
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Top Companies in the Edge Security Market
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).
Palo Alto Networks is a pioneer provider of network security solutions that enable its clients to run applications on their networks safely and prevent any security breaches or targeted cyberattacks. It addresses the world’s greatest security challenges with continuous innovations that seize the latest breakthroughs in AI, analytics, automation, and orchestration. Its broad range of solutions provides security across the network, endpoint, and the cloud. Its next-generation security platform consists of three major elements: NGFW, advanced endpoint protection, and threat intelligence cloud. The company’s cybersecurity portfolio includes STRATA for securing the enterprise, PRISMA for securing the cloud, and CORTEX for securing the future. These include various solutions and services for cybersecurity, such as endpoint security, cloud security, NGFW, Prisma SaaS, and Security Subscriptions. The company also offers support & maintenance, and professional services, including planning, designing, and deploying effective security solutions. With a strong presence across various regions, such as North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America, Palo Alto Networks delivers its solutions and services to SMEs and large enterprises across various industry verticals, such as electric utilities, BFSI, healthcare, oil & gas, retail, Industrial Control Systems (ICS) and SCADA, government, and education.
Check Point provides cybersecurity solutions to corporate enterprises and governments across the globe. Check Point’s industry-leading solutions ensure protection from the fifth-generation cyberattacks. The company’s comprehensive security management system offers ‘Infinity Total Protection with Gen V Advanced Threat Prevention (ATP),’ a multilevel security architecture in cloud platforms, networks, and mobile devices. Its customer base includes 100,000 organizations of all sizes.
Its cybersecurity services and solutions include network security, Next-Generation Firewall (NGFW), Intrusion Prevention (IPS), DLP, endpoint protection, information security, Unified Threat Management (UTM), threat intelligence, cyber threat detection, and security compliance. Check Point CloudGuard offers unified cloud-native security across applications, workloads, and networks. It helps automate security, prevent threats, and manage posture at cloud speed and scale. Check Point provides cybersecurity solutions to industry verticals, such as retail, financial services, government, healthcare, Industrial Control Systems (ICS), telecommunications, and education. The company is present across 38 locations and has 75 offices in Asia Pacific, Europe, the Middle East & Africa, North America, and Latin America.
Broadcom, headquartered in the United States, is a leading provider of semiconductor and infrastructure software solutions, including offerings in the Edge Security Market. With a diverse portfolio spanning networking, storage, and security solutions, Broadcom addresses the evolving security needs of edge computing environments. Their edge security solutions focus on delivering robust protection against cyber threats at the network’s edge, ensuring data integrity, confidentiality, and availability. Leveraging advanced technologies and expertise, Broadcom enables organizations to secure their distributed networks and edge devices effectively.
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