Edge Security Market

Edge Security Market Size & Share - Future Growth Expectations

The edge security market is anticipated to increase from USD 19.2 billion in 2022 to USD 51.1 billion in 2027 at a Compound Annual Growth Rate (CAGR) of 21.6% over the course of the forecast period.

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

  • Proliferation of Edge Computing
  • Rising Frequency and Sophistication of Cyber Attacks
  • Integration of AI and Machine Learning
  • Adoption of Zero Trust Security Models
  • Growth of Secure Access Service Edge (SASE)
  • Need for Decentralized Security Architectures

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Proliferation of Edge Computing:

Increased Adoption of IoT Devices: The rapid growth of Internet of Things (IoT) devices has significantly expanded the attack surface, necessitating robust security measures at the edge.

Latency and Bandwidth Optimization: Edge computing reduces latency and optimizes bandwidth usage, driving the need for effective security solutions to protect data and applications closer to the source.

Rising Frequency and Sophistication of Cyber Attacks:

Advanced Threat Landscape: The increasing complexity and frequency of cyber-attacks, including DDoS attacks, ransomware, and malware, are driving organizations to invest in advanced edge security solutions.

Targeted Attacks on Edge Devices: Cybercriminals are increasingly targeting edge devices due to their often weaker security postures compared to central data centers.

Integration of AI and Machine Learning:

Enhanced Threat Detection and Response: AI and machine learning enable real-time threat detection and response capabilities at the edge, improving the overall security posture.

Predictive Security Analytics: Leveraging AI to predict and mitigate potential threats before they impact the network enhances proactive security measures.

Adoption of Zero Trust Security Models:

Micro-Segmentation: Implementing zero trust principles and micro-segmentation at the edge limits the lateral movement of attackers and enhances security controls.

Continuous Verification: Enforcing continuous verification of user and device identities ensures only authenticated entities can access network resources.

Growth of Secure Access Service Edge (SASE):

Convergence of Networking and Security: SASE integrates network security functions with WAN capabilities, providing secure access directly from the edge and simplifying network infrastructure.

Cloud-Native Security Services: The adoption of cloud-native security services, such as secure web gateways and firewall as a service (FWaaS), drives the demand for edge security.

Need for Decentralized Security Architectures:

Edge-Native Security Solutions: Developing security solutions specifically designed for decentralized edge environments addresses the unique challenges posed by distributed networks.

Blockchain for Security: Utilizing blockchain technology to enhance security at the edge ensures data integrity and enables secure transactions across distributed networks.

Edge Security Market Share - Global Industry Landscape

These companies leverage their unique strengths and technological advancements to offer comprehensive edge security solutions, addressing the growing needs of decentralized and distributed networks.

Trend Micro (Japan):

  • Market Share: Trend Micro is a significant player in the edge security market, leveraging its strong presence in cybersecurity to expand into edge security solutions.
  • Key Offerings:Trend Micro IoT Security: Provides robust protection for IoT devices at the edge, ensuring secure connectivity and data integrity.Deep Security: A comprehensive security platform that includes intrusion detection and prevention, anti-malware, and integrity monitoring for edge environments.Cloud One – Edge Security: Delivers advanced threat detection and response capabilities tailored for edge computing environments.

Citrix (US):

  • Market Share: Citrix holds a substantial market share, particularly known for its application delivery and secure access solutions that extend to edge security.
  • Key Offerings:Citrix Secure Internet Access: Provides secure web gateway services, ensuring safe internet access from edge locations. Citrix ADC (Application Delivery Controller): Enhances application performance and security at the edge by providing load balancing, WAF, and DDoS protection. Citrix SD-WAN: Ensures secure, reliable connectivity for edge deployments, optimizing application performance and security.

Open Systems (US):

  • Market Share: Open Systems is a notable player in managed security services, with a growing presence in the edge security market.
  • Key Offerings:Managed Detection and Response (MDR): Offers real-time threat monitoring and response capabilities for edge environments.Secure SD-WAN: Combines SD-WAN technology with robust security features to protect edge networks.Cloud-Delivered Security Services: Includes web security, firewall, and intrusion prevention systems tailored for edge computing.

F5 (US):

  • Market Share: F5 Networks is a major player in the edge security market, known for its application delivery and security solutions.
  • Key Offerings:F5 Distributed Cloud WAF: Provides robust web application firewall protection for applications deployed at the edge.F5 Silverline DDoS Protection: Cloud-based DDoS protection service that safeguards edge networks and applications from volumetric and application-layer attacks.NGINX: Open-source and commercial solutions for application delivery and security, enhancing edge security by managing traffic and protecting applications.

Lookout (US):

  • Market Share: Lookout is a prominent player in the mobile security and endpoint protection market, extending its capabilities to edge security.
  • Key Offerings: Lookout Mobile Endpoint Security: Provides comprehensive security for mobile devices operating at the edge, protecting against phishing, malware, and data breaches.Lookout Cloud Security: Protects data and applications in cloud environments, including edge deployments, with advanced threat detection and data loss prevention.Zero Trust Network Access (ZTNA): Ensures secure access to applications and data from edge devices, enforcing continuous verification of user and device identities.

Akamai (US):

  • Market Share: Akamai is a leading provider of content delivery network (CDN) services and edge security solutions, commanding a significant share of the market.
  • Key Offerings: Akamai Edge Security: Comprehensive suite of security services including DDoS protection, web application firewall (WAF), and bot management.Akamai Kona Site Defender: Provides robust protection for websites and applications at the edge, defending against a wide range of cyber threats.Akamai Zero Trust Security: Delivers secure access to applications and services through a zero trust model, enhancing security at the edge.

Related Reports:

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 to 2027

Edge Security Market Size,  Share & Growth Report
Report Code
TC 8554
RI Published ON
1/30/2023
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