Cybersecurity Mesh Market

Cybersecurity Mesh Market Size, Share, and Explosive Growth Drivers

According to MarketsandMarkets, the global cybersecurity mesh market is expected to develop at a Compound Annual Growth Rate (CAGR) of 28.6% from 2022 to 2027, from an anticipated USD 0.9 billion in 2023 to USD 2.6 billion by 2027. Perimeter becoming more fragmented and increasing cyberattacks faced by organizations are some of the factors driving the market growth.

The cybersecurity mesh market is poised for substantial growth in the coming years, driven by several key factors:

  • Technological Advancements
  • Increasing Cyber Threats
  • Need for Scalable and Flexible Security Solutions
  • Integration with Cloud Services
  • Regulatory Compliance and Data Protection

These growth factors highlight the dynamic and evolving nature of the cybersecurity mesh market, driven by the need for robust, scalable, and flexible security solutions in an increasingly digital world.

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Technological Advancements:

  • AI and Machine Learning: The integration of AI and machine learning for threat detection, response, and predictive analytics is a significant growth driver.
  • Automation and Orchestration: Increasing adoption of automated security operations and orchestration enhances efficiency and response times.

Increasing Cyber Threats:

  • Advanced Threats: The rise in sophisticated cyber attacks, such as ransomware and zero-day exploits, fuels the demand for advanced security solutions.
  • Expanding Attack Surface: With the growth of IoT and connected devices, the attack surface has expanded, necessitating comprehensive security measures.

Need for Scalable and Flexible Security Solutions:

  • Dynamic Environments: Businesses require security solutions that can adapt to changing network environments and evolving threats.
  • Resource Optimization: Cybersecurity mesh architecture allows for better resource allocation and management across distributed networks.

Integration with Cloud Services:

  • Hybrid Cloud Security: As organizations adopt hybrid cloud environments, integrated security solutions are essential for maintaining data integrity and compliance.
  • Cloud-Native Applications: Security for cloud-native applications and services is a key focus area for cybersecurity mesh solutions.

Regulatory Compliance and Data Protection:

  • Data Privacy Laws: Compliance with stringent data privacy regulations, such as GDPR and CCPA, drives the adoption of advanced cybersecurity measures.
  • Industry Standards: Adherence to industry-specific security standards and frameworks is critical for organizations across various sectors.

Cybersecurity Mesh Market Share - Global Industry Landscape

The cybersecurity mesh market is characterized by the presence of several key players competing for market share. Some of the leading companies in the cybersecurity mesh industry include:

  • IBM (US)
  • Palo Alto Networks (US)
  • Check Point (Israel)
  • Zscaler (US)
  • Fortinet (US)
  • GCA Technology (US)

These companies are influential in the cybersecurity mesh market, offering diverse solutions that enhance operational efficiency, security, and compliance in various industries.

IBM (US)

Market Share: IBM is a significant player in the cybersecurity mesh market, known for its comprehensive security solutions and services.

Key Offerings:

  • IBM Security: A suite of integrated security solutions that include threat management, identity and access management, and data protection.
  • QRadar: A leading SIEM (Security Information and Event Management) platform for advanced threat detection and response.

Palo Alto Networks (US)

Market Share: Palo Alto Networks holds a strong position in the cybersecurity mesh market, leveraging its expertise in next-generation firewalls and cloud security.

Key Offerings:

  • Prisma Cloud: Comprehensive cloud security platform that protects applications, data, and the entire cloud native stack.
  • Cortex XSOAR: A security orchestration, automation, and response (SOAR) platform for streamlining security operations.

Check Point (Israel)

Market Share: Check Point is a leading cybersecurity company from Israel, known for its innovative security solutions and wide-ranging product portfolio.

Key Offerings:

  • Infinity Architecture: A consolidated security architecture that provides advanced threat prevention and cyber defense.
  • CloudGuard: Comprehensive cloud security solution offering protection across multi-cloud environments.

Zscaler (US)

Market Share: Zscaler has established a robust presence in the cybersecurity mesh market with its focus on secure internet access and zero trust security.

Key Offerings:

  • Zscaler Internet Access (ZIA): Ensures secure internet access by providing protection from threats and data loss.
  • Zscaler Private Access (ZPA): A zero trust network access solution that ensures secure and seamless connectivity.

Fortinet (US)

Market Share: Fortinet is a leading player in the cybersecurity mesh market, known for its high-performance network security solutions.

Key Offerings:

  • FortiGate: A next-generation firewall platform that provides robust network security, visibility, and control.
  • FortiSIEM: An advanced SIEM solution for real-time threat detection and automated response.

GCA Technology (US)

Market Share: GCA Technology is gaining traction in the cybersecurity mesh market with its innovative security solutions tailored for modern enterprises.

Key Offerings:

  • GCAShield: A comprehensive security platform offering threat detection, risk management, and compliance solutions.
  • GCACloud: Cloud security solutions designed to protect cloud infrastructure and applications from sophisticated threats.

Related Reports:

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

Cybersecurity Mesh Market Size,  Share & Growth Report
Report Code
TC 8583
RI Published ON
2/24/2023
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