MarketsandMarkets forecasts that the global cybersecurity mesh market would grow from an estimated USD 0.9 billion in 2023 to USD 2.6 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 28.6% from 2022 to 2027. Perimeter becoming more fragmented and increasing cyberattacks faced by organizations are some of the factors driving the market growth.
What is Cybersecurity Mesh?
According to MarketsandMarkets, Cybersecurity mesh is a security approach that provides security to an organization's external and distributed assets and devices. It is also considered as a building block of zero trust security approach. The concept of cybersecurity mesh is also expected to have influence from technology such as decentralized identities, secure access service edge (SASE), zero trust security 2.0, and others.
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The cybersecurity mesh market is led by some globally established players, such as IBM, Palo Alto Networks, Check Point, Zscaler, Fortinet, and others. These players have adopted various growth strategies, such as partnerships, agreements, collaboration, acquisitions, and product developments, to increase their market presence.
IBM is a technology company that manufactures and sells computer hardware and software and provides infrastructure, hosting, and consulting services. The company provides integrated solutions and products that leverage data, information technology, and expertise in industries and business processes. It provides solutions and services for software, consulting, and infrastructure segments. It offers products and solutions under domains including AI, automation, blockchain, business operations, cloud computing, data and analytics, IT infrastructure, security, and supply chain. It provides consulting and services under IBM consulting, business process services, design and business strategy, hybrid multi-cloud services, talent and transformation, application services, security services, and technology support services. In the cybersecurity mesh market, it provides IBM Security verify and IBM Security Verify Trust. Powered by AI, it offers smart identity and access management for hybrid, multi-cloud deployments. It enables protection against insider threats and delivers a zero-trust framework.
Apart from large vendors, some SMEs and startups, such as appNovi, Appgate, Mesh Security, Naoris Protocol, are also evolving in the cybersecurity mesh market.
Another important player in the cybersecurity mesh market is Appgate. Appgate provides products and services in zero-trust network access, risk-based authentication, digital threat protection, and threat advisory services. In the cybersecurity mesh market, it offers the Appgate SDP. It serves use cases, including remote access, hybrid enterprise, and cloud access. Appgate SDP's zero trust architecture enables making the network visible with single packet authorization, evaluates each user's identity, device, and contextual risk as a criterion for secure access, monitors and modifies access automatically based on context and risk changes, enforces the principle of least privilege by only granting access to micro-segmented resources, and the API first technology easily integrates and enhances the existing architecture.
Cybersecurity Mesh Market by Offering (Solutions, Services), Deployment Mode (Cloud, On-premises), Vertical (IT and ITeS, Healthcare, BFSI, Energy and Utilities), Organization Size (SMEs, Large Enterprises) and Region - Global Forecast to 2027
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