Global edge security market to reach $68.1 billion by 2030

The global edge security market is expected to reach a valuation of $68.1 billion by the year 2030. This significant growth, with a CAGR of 19.1% from 2023 to 2030, according to Research and Markets.

Key Drivers and Market Insights
The report delves into the various offerings in the edge security space, including solutions and services, and identifies the solution segment as the dominant force in 2023, primarily due to its crucial role in monitoring network activity and thwarting cyber threats. Emphasis is placed on deployment modes, with cloud-based deployment taking precedence due to its growing popularity among small to medium-sized enterprises that seek to secure their edge networks efficiently.

Moreover, the research highlights the critical importance of organization size within the industry, pointing out that large enterprises currently hold a substantial market share. Nonetheless, small & medium-sized enterprises are expected to exhibit the highest CAGR during the forecast period, indicative of the sector’s rapid digital transformation and vulnerability to cyberattacks.

Sector Analysis and Regional Breakdown
The sector analysis presents a thorough examination of numerous industries that leverage edge security technologies, including BFSI, IT & telecommunications, and healthcare. The IT & telecommunications sector emerges as a prominent player, commanding a significant market share due to its intrinsic need for robust network and data security measures.

Conversely, the healthcare sector is anticipated to witness the most accelerated growth rate due to escalating requirements for patient data protection and the integration of telehealth services. Geographically, the study provides insights into several key regions. North America is showcased as the largest contributor to the market, attributed to heightened investment in edge data centers and the rapid adoption of cutting-edge technologies like AI, cloud computing, and IoT.

However, the Asia-Pacific region is poised to experience the fastest growth during the forecast period. Factors contributing to its expansion include the proliferation of connected devices, vital security deployment to protect data and infrastructure, and governmental support for industrial edge security.

Competitive Landscape and Strategic Insights
In the competitive analysis, the report identifies several major players who are influencing the growth trajectory of the global edge security market. Notably, these organizations are engaged in technological advancements and strategic collaborations that are shaping the market dynamics.

The research also discusses the current market trends and the challenges that industry stakeholders face. Importantly, it sheds light on the potential opportunities for growth, particularly in the deployment of 5G technology and cloud-based services among small and medium-sized enterprises, which are likely to amplify the demand for edge security solutions. Research and Markets