REPORT HIGHLIGHT
Cybersecurity Mesh Market size was valued at USD 1,080.3 Million in 2022, expanding at a CAGR of 16.8% from 2023 to 2030.
Cybersecurity mesh is a cyber-defense technique that secures each device individually with its own perimeter. For example, firewalls and network protection technologies. Many security strategies rely on a single perimeter to protect a complete IT environment, while a cybersecurity mesh takes a more comprehensive approach. This approach to IT security has grown in popularity in concert with remote work and cloud solutions that scatter devices and workstations over multiple places. These developments have resulted in policy updates for data access and control, as well as the introduction of new technology. Creating a cybersecurity mesh necessitates the development of innovative endpoints and user-focused solutions that ensure the security of each individual device.
Cybersecurity Mesh Market- Market Dynamics:
Increasing demand for cybersecurity mesh solutions across verticals such as IT and telecom, BFSI, healthcare, energy, utilities, and others are expected to dominate the market growth.
Due to the growth of connected devices, the complexity of networks, and the evolving threat landscape, the IT and telecom industry faces a number of cybersecurity concerns. Cybersecurity mesh systems offer improved security measures that can dynamically adapt to the shifting network environments, guaranteeing the safety of sensitive data and key infrastructure. Tridens Technology predicted that AT&T 's annual revenue for 2022 was 120,741B USD, making it the world's largest telecommunications company. The market for cybersecurity mesh is anticipated to expand as the need for improved cybersecurity measures rises across various sectors. Growing adoption of Advanced threat detection, incident response, and security orchestration provide growth opportunity for the market. However, Complexity and Implementation Challenges restricted the market growth.
Cybersecurity Mesh Market- Key Insights:
- As per the analysis shared by our research analyst, the global Cybersecurity Mesh market is estimated to grow annually at a CAGR of around 16.8% over the forecast period (2023-2030)
- The Cybersecurity Mesh industry is projected to grow at a significant rate due to the growing awareness of sustainable growth
- Based on offering segmentation, Solution was predicted to show maximum market share in the year 2022
- Based on Organization size segmentation, Small and medium enterprises was the leading type in 2022
- Based on Deployment mode segmentation, Cloud was the leading type in 2022
- Based on End-User segmentation, BFSI was the leading type in 2022
On the basis of region, North America was the leading revenue generator in 2022
Cybersecurity Mesh Market- Segmentation Analysis:
The Global Cybersecurity Mesh Market is segmented on the basis of Offering, Organization size, deployment mode, end-users, and Region.
The market is divided into three categories based on Offering: Solutions and services. The solution segment dominates the market. The cybersecurity mesh market focuses on solutions and technology that enable enterprises to protect their digital assets and mitigate cyber threats across a wide range of environments and devices.
The market is divided into two categories based on Organization size: Small and medium enterprises, and large enterprises. Small and medium enterprises dominate the market. Because of the rising threat landscape and the possible impact of cyberattacks on their business operations, Small and medium enterprises are increasingly understanding the significance of robust cybersecurity solutions.
The market is divided into two categories based on Deployment mode: Cloud and On-premises. cloud segment dominates the market and is likely to maintain its dominance during the forecast period. This is partly due to It plays a significant role in enabling the implementation and effectiveness of cybersecurity mesh solutions.
The market is divided into two categories based on End-Users: IT & Telecom, Government, BFSI, Healthcare, and others. The BFSI segment dominates the market growth. Cybersecurity Mesh has gained popularity as a novel way to network security. It strives to address the rising issues of protecting highly distributed and dynamic digital environments including cloud computing, IoT devices, and remote workforces. The BFSI business invests extensively in cybersecurity solutions to manage risks and protect client information. The Cybersecurity Mesh market is still evolving, and its adoption in the BFSI sector may vary among organizations.
Cybersecurity Mesh Market- Geographical Insights:
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business. North America is expected to dominate the growth of the Cybersecurity Mesh Market, due to the rising need for robust cybersecurity infrastructure and increasing adoption of cybersecurity mesh across small and large organizations. Organizations in the North American region are prioritizing a strong cybersecurity infrastructure to safeguard their sensitive data and important assets as a result of high-profile hacks, data breaches, and expanding legislation. Cybersecurity statistics indicate that there are 2,200 cyber-attacks per day, with a cyber-attack happening every 39 seconds on average. In the US, a data breach costs an average of USD 9.44 M, and cybercrime is predicted to cost USD 8 trillion by 2023. Due to the expanding e-commerce sector, rising e-commerce usage, and more cybersecurity awareness, the cybersecurity mesh market is expanding rapidly in the European area in the forecast period.
Cybersecurity Mesh Market- Competitive Landscape:
Demand for more flexible and adaptive cybersecurity solutions is expanding across multiple industries, including BFSI. Because of the sensitivity of financial data, the prevalence of cyber threats, and tight regulatory requirements, the BFSI sector, in particular, faces severe cybersecurity issues. As a result, there is an increasing demand for new approaches to security, such as Cybersecurity Mesh. Examine each competitor's distinct technologies and approaches to the Cybersecurity Mesh industry. They focus on exclusive technologies, creative architectures, or strategic alliances that provide them with a competitive advantage. Scalability, performance, interoperability, and ease of implementation are all important concerns. Some of the primary techniques used by corporations to strengthen their reach and expand their market share include new product launches, distribution network development, R&D spending, and mergers and acquisitions.
Recent Developments:
On July 2022, Cybersecurity mesh adds decentralized security and swarm AI for remote-first enterprises
May 10, 2022 -- IBM Tackles Talent Shortage and Cybersecurity Crisis with New and Expanded Partnerships. IBM nowadays announced education initiatives with the U.S. Department of Veterans Affairs (VA), Specialist Erne to provide no-cost STEM job training to U.S. military veterans, neurodivergent learners worldwide, and university students from underrepresented communities in the U.S.
Key features of the study:
- This proposed research study on Cybersecurity Mesh market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2023-2030), considering 2022 as the base year
- The report provides the client the latest up-to-date and trending insights about the Cybersecurity Mesh market.
- The research report elucidates potential growth opportunities across different segments/countries and explains attractive investment proposition matrix for Cybersecurity Mesh market
- The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the Cybersecurity Mesh market
- Impact of COVID-19 on Cybersecurity Mesh market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on Cybersecurity Mesh market post-COVID will also be covered.
- In order to give the users of this report a comprehensive view on the Cybersecurity Mesh market, we have also included competitive landscape and key innovator analysis for the Cybersecurity Mesh market.
- The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and attractiveness.
- The report offers detailed company profiling featuring major market participants which will help users to understand their financial information and strategic initiatives of players operating in the Cybersecurity Mesh market.
- In addition, the report also unveil the important acquisitions & mergers, collaborations & joint ventures, new launch, research & development, regional expansion of major participants involved in the market on global as well as regional level.
- The global Cybersecurity Mesh market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL CYBERSECURITY MESH MARKET KEY PLAYERS
- IBM Corporation
- Palo Alto Networks, Inc.
- Check Point Software Technologies Ltd.
- Zscaler, Inc.
- Fortinet, Inc.
- Forcepoint LLC
- Cato Networks Ltd.
- GCA Technology
- AppNovi, Inc.
GLOBAL CYBERSECURITY MESH MARKET, BY OFFERING
GLOBAL CYBERSECURITY MESH MARKET, BY ORGANIZATION SIZE
- Small and medium Enterprises
- Large Enterprises
GLOBAL CYBERSECURITY MESH MARKET, BY DEPLOYMENT MODE
GLOBAL CYBERSECURITY MESH MARKET, BY END-USERS
- IT & Telecom
- Government
- BFSI
- Healthcare
- Others
GLOBAL CYBERSECURITY MESH MARKET, BY REGION
- North America
- The U.S.
- Canada
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Russia
- Netherlands
- Sweden
- Poland
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Australia
- Thailand
- Indonesia
- Philippines
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of LATAM
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Israel
- Turkey
- Algeria
- Egypt
- Rest of MEA
