Edge Security Market 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 2024 – 2029

SKU: GMS-1087

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OVERVIEW

The Edge Security Market is currently valued at USD 19.2 billion in 2024 and will be growing at a CAGR of 23.3% over the forecast period to reach an estimated USD 106 billion in revenue in 2029. The Edge Security Market encompasses a suite of solutions tailored to safeguarding the perimeter of distributed computing environments. As businesses increasingly rely on decentralized infrastructure to meet the demands of IoT, 5G, and cloud computing, securing the edge where data is generated, processed, and stored becomes paramount. This market offers a range of technologies including edge firewalls, intrusion detection and prevention systems (IDPS), secure access service edge (SASE) platforms, and edge-based encryption mechanisms. By fortifying the edge, organizations can mitigate risks associated with data breaches, ensure regulatory compliance, and maintain the integrity and confidentiality of sensitive information traversing their networks.

The proliferation of IoT devices and the expansion of 5G networks have exponentially increased the volume of data generated and processed at the edge, necessitating robust security measures. Additionally, the rise of cloud computing and remote work models has led to a distributed IT infrastructure, further emphasizing the importance of securing the edge to protect sensitive data and applications. Furthermore, regulatory compliance requirements, such as GDPR and CCPA, mandate stringent data protection measures, driving organizations to invest in edge security solutions to ensure compliance. Moreover, the escalating frequency and sophistication of cyber threats, coupled with the expanding attack surface presented by edge computing, underscore the urgent need for comprehensive edge security solutions.

Market Dynamics

Drivers:

The proliferation of IoT devices and the expansion of 5G networks have exponentially increased the volume of data generated and processed at the edge, necessitating robust security measures. Additionally, the rise of cloud computing and remote work models has led to a distributed IT infrastructure, further emphasizing the importance of securing the edge to protect sensitive data and applications. Furthermore, regulatory compliance requirements, such as GDPR and CCPA, mandate stringent data protection measures, driving organizations to invest in edge security solutions to ensure compliance. Moreover, the escalating frequency and sophistication of cyber threats, coupled with the expanding attack surface presented by edge computing, underscore the urgent need for comprehensive edge security solutions.

Key Offerings:

The key offerings in the Edge Security Market encompass a diverse range of solutions designed to address the unique challenges of securing decentralized computing environments. These offerings include edge firewalls, which provide granular control over traffic entering and leaving edge networks, as well as intrusion detection and prevention systems (IDPS) that proactively monitor and block malicious activities at the edge. Secure access service edge (SASE) platforms combine network security functionalities with wide-area networking capabilities to deliver comprehensive edge security and connectivity. Additionally, edge-based encryption mechanisms safeguard data integrity and confidentiality, ensuring secure communication between edge devices and the central network. Other offerings may include threat intelligence solutions, edge-based identity and access management (IAM), and edge-native security analytics platforms, enabling organizations to detect, respond to, and mitigate cybersecurity threats at the edge in real-time.

Restraints :

The Edge Security Market faces several restraints that may impede its growth and adoption. One significant challenge is the complexity of implementing and managing security solutions across distributed edge environments, which often lack centralized oversight and control. This complexity can hinder organizations’ ability to ensure consistent security policies and enforcement across their edge infrastructure. Additionally, concerns surrounding interoperability and compatibility between various edge security technologies and existing IT systems may slow down deployment efforts and increase integration costs. Moreover, the scarcity of skilled cybersecurity professionals capable of effectively managing edge security solutions presents a bottleneck in achieving optimal protection at the edge. Furthermore, budget constraints and competing priorities may limit organizations’ ability to invest in comprehensive edge security solutions, particularly for smaller enterprises and those operating in resource-constrained environments. These restraints collectively pose challenges to the widespread adoption and effective implementation of edge security measures.

Regional Information:

• In North America, the Edge Security Market is poised for substantial growth, driven by the region’s early adoption of edge computing technologies and robust investment in cybersecurity infrastructure. With the proliferation of IoT devices and the rapid expansion of 5G networks, organizations across industries are increasingly prioritizing edge security solutions to protect their distributed computing environments. Regulatory compliance requirements, such as GDPR and CCPA, further propel the demand for edge security technologies in this region. Moreover, the presence of numerous key players and a highly mature cybersecurity landscape contribute to the vibrant growth of the Edge Security Market in North America.

In Europe, the Edge Security Market is witnessing steady growth fueled by stringent data protection regulations and increasing cybersecurity concerns. Organizations are investing in edge security solutions to ensure compliance with regulations like GDPR while safeguarding sensitive data processed at the edge. Additionally, the region’s focus on digital transformation initiatives and the adoption of edge computing technologies in various sectors drive the demand for robust security measures. Government initiatives aimed at enhancing cybersecurity capabilities further support the growth of the Edge Security Market in Europe.

In the Asia-Pacific region, the Edge Security Market is experiencing rapid expansion, propelled by the widespread adoption of edge computing, IoT, and 5G technologies across diverse industries. Countries such as China, Japan, and South Korea are at the forefront of edge computing innovation, driving substantial demand for edge security solutions to protect critical infrastructure and data assets. Moreover, the increasing frequency and sophistication of cyber threats in the region emphasize the urgent need for robust edge security measures. Government initiatives aimed at bolstering cybersecurity frameworks and regulations also contribute to the burgeoning growth of the Edge Security Market in Asia-Pacific.

Recent Developments:

In October 2022, Fortinet announced significant cloud-delivered enhancements to FortiSASE to enable secure internet access that ensures consistent security for all user traffic to and from the internet. FortiSASE now includes new updates enhancing support for secure private and SaaS access cases.

In February 2022, Check Point acquired Spectral, an innovator in automated code security. With this acquisition, Check Point would enhance its Cloud Guard solution with a developer-first security platform and provide the widest range of cloud application security.

Key Players:

Cisco Systems, Inc., Palo Alto Networks, Inc., Fortinet, Inc., Juniper Networks, Inc., Trend Micro Incorporated, Check Point Software Technologies Ltd., McAfee, LLC, IBM Corporation, VMware, Inc., and Symantec Corporation.

Frequently Asked Questions

1) What is the projected market value of the Edge Security Market?

– The Edge Security Market is expected to reach an estimated value of USD 106 billion in revenue by 2029. 

2) What is the estimated CAGR of the Edge Security Market over the 2024 to 2029 forecast period?

– The CAGR is estimated to be 23.3% for the Edge Security Market over the 2024 to 2029.

3) Who are the key players in the Edge Security Market?

– Cisco Systems, Inc., Palo Alto Networks, Inc., Fortinet, Inc., Juniper Networks, Inc., Trend Micro Incorporated, Check Point Software Technologies Ltd., McAfee, LLC, IBM Corporation, VMware, Inc., and Symantec Corporation.

4) What are the drivers for the Edge Security Market?

The rise of IoT devices and 5G networks has increased data volume, necessitating robust security measures. Cloud computing and remote work models emphasize the importance of edge security. Regulatory compliance requirements, increasing cyber threats, and the increasing attack surface of edge computing underscore the urgent need for comprehensive solutions.

5) What are the restraints and challenges in the Edge Security Market?

– The Edge Security Market faces challenges such as complexity in implementing and managing security solutions across distributed environments, interoperability concerns, scarcity of skilled cybersecurity professionals, and budget constraints. These factors hinder organizations’ ability to ensure consistent security policies, increase integration costs, and invest in comprehensive edge security solutions, especially for smaller enterprises and resource-constrained environments.

6) What are the key applications and offerings of the Edge Security Market?

– The Edge Security Market offers various solutions for securing decentralized computing environments, including edge firewalls, intrusion detection systems, Secure Access Service Edge platforms, edge-based encryption, threat intelligence solutions, edge-based identity and access management, and edge-native security analytics platforms. These solutions provide granular control over traffic and prevent malicious activities at the edge.

7) Which region is expected to drive the market for the forecast period?

– North America is expected to have the highest market growth from 2024 to 2029

 Why Choose Us?

Insights into Market Trends: Global Market Studies reports provide valuable insights into market trends, including market size, segmentation, growth drivers, and market dynamics. This information helps clients make strategic decisions, such as product development, market positioning, and marketing strategies.

Competitor Analysis: Our reports provide detailed information about competitors, including their market share, product offerings, pricing, and competitive strategies. This data can be used to inform competitive strategies and to identify opportunities for growth and expansion.

Industry Forecasts: Our reports provide industry forecasts, which will inform your business strategies, such as investment decisions, production planning, and workforce planning. These forecasts can help you to prepare for future trends and to take advantage of growth opportunities.

Access to Industry Experts: Our solutions include contributions from industry experts, including analysts, consultants, and subject matter experts. This access to expert insights can be valuable for you to understand the market.

Time and Cost Savings: Our team at Global Market Studies can save you time and reduce the cost of conducting market research by providing comprehensive and up-to-date information in a single report, avoiding the need for additional market research efforts.

METHODOLOGY

At Global Market Studies, extensive research is done to create reports which have in-depth insights across all aspects of the market such as drivers, opportunities, challenges, restraints, market trends, regional insights, market segmentation, latest developments, key players for the forecast period. Multiple methods are used to derive both qualitative and quantitative information for the report:Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 1

PRIMARY RESEARCH

Through surveys and interviews, primary research is sourced mainly from experts from the core and related industry. It includes distributors, manufacturers, Directors, C-Level Executives and Managers, alliances certification organisations across various segments of the markets value chain. Both the supply-side and demand-side is interviewed.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 2

SECONDARY RESEARCH

Our sources of secondary research include Annual Reports, Journals, Press Releases, Company Websites, Paid Databases and our own Data Repository. They also include, investor presentations, certifies publications and articles by authorised regulatory bodies, trade directories and databases.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 3

MARKET SIZE ESTIMATION

After extensive secondary and primary research, both the Bottom-up and Top-down methods are used to analyse the data. In the Bottom-up Approach, Company revenues across multiple segments are gathered to derive the percentage split per market segment. From this the Segment wise market size is derived to give the Total Market Size. In the Top-down Approach the reverse method is used where the Total Market Size is first derived from primary sources and is split into Market Segment, Regional Split and so on.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 4Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 5

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 6

DATA TRIANGULATION:

All statistics are collected through extensive secondary research and verified by interviews conducted with supply-side and demand-side in the primary research to ensure that both primary and secondary data percentages, statistics and findings corroborate.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 7

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OVERVIEW

The Edge Security Market is currently valued at USD 19.2 billion in 2024 and will be growing at a CAGR of 23.3% over the forecast period to reach an estimated USD 106 billion in revenue in 2029. The Edge Security Market encompasses a suite of solutions tailored to safeguarding the perimeter of distributed computing environments. As businesses increasingly rely on decentralized infrastructure to meet the demands of IoT, 5G, and cloud computing, securing the edge where data is generated, processed, and stored becomes paramount. This market offers a range of technologies including edge firewalls, intrusion detection and prevention systems (IDPS), secure access service edge (SASE) platforms, and edge-based encryption mechanisms. By fortifying the edge, organizations can mitigate risks associated with data breaches, ensure regulatory compliance, and maintain the integrity and confidentiality of sensitive information traversing their networks.

The proliferation of IoT devices and the expansion of 5G networks have exponentially increased the volume of data generated and processed at the edge, necessitating robust security measures. Additionally, the rise of cloud computing and remote work models has led to a distributed IT infrastructure, further emphasizing the importance of securing the edge to protect sensitive data and applications. Furthermore, regulatory compliance requirements, such as GDPR and CCPA, mandate stringent data protection measures, driving organizations to invest in edge security solutions to ensure compliance. Moreover, the escalating frequency and sophistication of cyber threats, coupled with the expanding attack surface presented by edge computing, underscore the urgent need for comprehensive edge security solutions.

Market Dynamics

Drivers:

The proliferation of IoT devices and the expansion of 5G networks have exponentially increased the volume of data generated and processed at the edge, necessitating robust security measures. Additionally, the rise of cloud computing and remote work models has led to a distributed IT infrastructure, further emphasizing the importance of securing the edge to protect sensitive data and applications. Furthermore, regulatory compliance requirements, such as GDPR and CCPA, mandate stringent data protection measures, driving organizations to invest in edge security solutions to ensure compliance. Moreover, the escalating frequency and sophistication of cyber threats, coupled with the expanding attack surface presented by edge computing, underscore the urgent need for comprehensive edge security solutions.

Key Offerings:

The key offerings in the Edge Security Market encompass a diverse range of solutions designed to address the unique challenges of securing decentralized computing environments. These offerings include edge firewalls, which provide granular control over traffic entering and leaving edge networks, as well as intrusion detection and prevention systems (IDPS) that proactively monitor and block malicious activities at the edge. Secure access service edge (SASE) platforms combine network security functionalities with wide-area networking capabilities to deliver comprehensive edge security and connectivity. Additionally, edge-based encryption mechanisms safeguard data integrity and confidentiality, ensuring secure communication between edge devices and the central network. Other offerings may include threat intelligence solutions, edge-based identity and access management (IAM), and edge-native security analytics platforms, enabling organizations to detect, respond to, and mitigate cybersecurity threats at the edge in real-time.

Restraints :

The Edge Security Market faces several restraints that may impede its growth and adoption. One significant challenge is the complexity of implementing and managing security solutions across distributed edge environments, which often lack centralized oversight and control. This complexity can hinder organizations’ ability to ensure consistent security policies and enforcement across their edge infrastructure. Additionally, concerns surrounding interoperability and compatibility between various edge security technologies and existing IT systems may slow down deployment efforts and increase integration costs. Moreover, the scarcity of skilled cybersecurity professionals capable of effectively managing edge security solutions presents a bottleneck in achieving optimal protection at the edge. Furthermore, budget constraints and competing priorities may limit organizations’ ability to invest in comprehensive edge security solutions, particularly for smaller enterprises and those operating in resource-constrained environments. These restraints collectively pose challenges to the widespread adoption and effective implementation of edge security measures.

Regional Information:

• In North America, the Edge Security Market is poised for substantial growth, driven by the region’s early adoption of edge computing technologies and robust investment in cybersecurity infrastructure. With the proliferation of IoT devices and the rapid expansion of 5G networks, organizations across industries are increasingly prioritizing edge security solutions to protect their distributed computing environments. Regulatory compliance requirements, such as GDPR and CCPA, further propel the demand for edge security technologies in this region. Moreover, the presence of numerous key players and a highly mature cybersecurity landscape contribute to the vibrant growth of the Edge Security Market in North America.

In Europe, the Edge Security Market is witnessing steady growth fueled by stringent data protection regulations and increasing cybersecurity concerns. Organizations are investing in edge security solutions to ensure compliance with regulations like GDPR while safeguarding sensitive data processed at the edge. Additionally, the region’s focus on digital transformation initiatives and the adoption of edge computing technologies in various sectors drive the demand for robust security measures. Government initiatives aimed at enhancing cybersecurity capabilities further support the growth of the Edge Security Market in Europe.

In the Asia-Pacific region, the Edge Security Market is experiencing rapid expansion, propelled by the widespread adoption of edge computing, IoT, and 5G technologies across diverse industries. Countries such as China, Japan, and South Korea are at the forefront of edge computing innovation, driving substantial demand for edge security solutions to protect critical infrastructure and data assets. Moreover, the increasing frequency and sophistication of cyber threats in the region emphasize the urgent need for robust edge security measures. Government initiatives aimed at bolstering cybersecurity frameworks and regulations also contribute to the burgeoning growth of the Edge Security Market in Asia-Pacific.

Recent Developments:

In October 2022, Fortinet announced significant cloud-delivered enhancements to FortiSASE to enable secure internet access that ensures consistent security for all user traffic to and from the internet. FortiSASE now includes new updates enhancing support for secure private and SaaS access cases.

In February 2022, Check Point acquired Spectral, an innovator in automated code security. With this acquisition, Check Point would enhance its Cloud Guard solution with a developer-first security platform and provide the widest range of cloud application security.

Key Players:

Cisco Systems, Inc., Palo Alto Networks, Inc., Fortinet, Inc., Juniper Networks, Inc., Trend Micro Incorporated, Check Point Software Technologies Ltd., McAfee, LLC, IBM Corporation, VMware, Inc., and Symantec Corporation.

Frequently Asked Questions

1) What is the projected market value of the Edge Security Market?

– The Edge Security Market is expected to reach an estimated value of USD 106 billion in revenue by 2029. 

2) What is the estimated CAGR of the Edge Security Market over the 2024 to 2029 forecast period?

– The CAGR is estimated to be 23.3% for the Edge Security Market over the 2024 to 2029.

3) Who are the key players in the Edge Security Market?

– Cisco Systems, Inc., Palo Alto Networks, Inc., Fortinet, Inc., Juniper Networks, Inc., Trend Micro Incorporated, Check Point Software Technologies Ltd., McAfee, LLC, IBM Corporation, VMware, Inc., and Symantec Corporation.

4) What are the drivers for the Edge Security Market?

The rise of IoT devices and 5G networks has increased data volume, necessitating robust security measures. Cloud computing and remote work models emphasize the importance of edge security. Regulatory compliance requirements, increasing cyber threats, and the increasing attack surface of edge computing underscore the urgent need for comprehensive solutions.

5) What are the restraints and challenges in the Edge Security Market?

– The Edge Security Market faces challenges such as complexity in implementing and managing security solutions across distributed environments, interoperability concerns, scarcity of skilled cybersecurity professionals, and budget constraints. These factors hinder organizations’ ability to ensure consistent security policies, increase integration costs, and invest in comprehensive edge security solutions, especially for smaller enterprises and resource-constrained environments.

6) What are the key applications and offerings of the Edge Security Market?

– The Edge Security Market offers various solutions for securing decentralized computing environments, including edge firewalls, intrusion detection systems, Secure Access Service Edge platforms, edge-based encryption, threat intelligence solutions, edge-based identity and access management, and edge-native security analytics platforms. These solutions provide granular control over traffic and prevent malicious activities at the edge.

7) Which region is expected to drive the market for the forecast period?

– North America is expected to have the highest market growth from 2024 to 2029

 Why Choose Us?

Insights into Market Trends: Global Market Studies reports provide valuable insights into market trends, including market size, segmentation, growth drivers, and market dynamics. This information helps clients make strategic decisions, such as product development, market positioning, and marketing strategies.

Competitor Analysis: Our reports provide detailed information about competitors, including their market share, product offerings, pricing, and competitive strategies. This data can be used to inform competitive strategies and to identify opportunities for growth and expansion.

Industry Forecasts: Our reports provide industry forecasts, which will inform your business strategies, such as investment decisions, production planning, and workforce planning. These forecasts can help you to prepare for future trends and to take advantage of growth opportunities.

Access to Industry Experts: Our solutions include contributions from industry experts, including analysts, consultants, and subject matter experts. This access to expert insights can be valuable for you to understand the market.

Time and Cost Savings: Our team at Global Market Studies can save you time and reduce the cost of conducting market research by providing comprehensive and up-to-date information in a single report, avoiding the need for additional market research efforts.

METHODOLOGY

At Global Market Studies, extensive research is done to create reports which have in-depth insights across all aspects of the market such as drivers, opportunities, challenges, restraints, market trends, regional insights, market segmentation, latest developments, key players for the forecast period. Multiple methods are used to derive both qualitative and quantitative information for the report:Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 1

PRIMARY RESEARCH

Through surveys and interviews, primary research is sourced mainly from experts from the core and related industry. It includes distributors, manufacturers, Directors, C-Level Executives and Managers, alliances certification organisations across various segments of the markets value chain. Both the supply-side and demand-side is interviewed.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 2

SECONDARY RESEARCH

Our sources of secondary research include Annual Reports, Journals, Press Releases, Company Websites, Paid Databases and our own Data Repository. They also include, investor presentations, certifies publications and articles by authorised regulatory bodies, trade directories and databases.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 3

MARKET SIZE ESTIMATION

After extensive secondary and primary research, both the Bottom-up and Top-down methods are used to analyse the data. In the Bottom-up Approach, Company revenues across multiple segments are gathered to derive the percentage split per market segment. From this the Segment wise market size is derived to give the Total Market Size. In the Top-down Approach the reverse method is used where the Total Market Size is first derived from primary sources and is split into Market Segment, Regional Split and so on.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 4Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 5

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 6

DATA TRIANGULATION:

All statistics are collected through extensive secondary research and verified by interviews conducted with supply-side and demand-side in the primary research to ensure that both primary and secondary data percentages, statistics and findings corroborate.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 7

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