PUBLISHER: Grand View Research | PRODUCT CODE: 1301264
PUBLISHER: Grand View Research | PRODUCT CODE: 1301264
The global cybersecurity mesh market size is expected to reach USD 4.90 billion by 2030, according to the new report of Grand View Research, Inc. The market is expected to expand at a CAGR of 11.1% from 2023 to 2030. The cybersecurity mesh solutions aim to offer more scalable, resilient, and flexible security solutions to overcome evolving cyber threats. The growing diversity and complexity of IT environments are one factor driving the demand for the cybersecurity mesh market. The adoption of the modern IT ecosystem is becoming complex due to the deployment of cloud computing, the Internet of Things (IoT), and other distributed networks across the systems. This growing complexity has led to different security challenges that require an enhanced approach to cybersecurity solutions, thereby surging the demand for the market.
Further, the remote work and mobility structure has emerged the need for more sophisticated cybersecurity solutions. The growing popularity of working from home has driven a corresponding growth in cybersecurity incidents. There has been a growth in the risk of data breaches and expansion of potential surface attacks, which has moved out of conventional perimeter defenses, such as intrusion and firewall detection systems, mainly adopted by enterprises to overcome cybercrimes. The cybersecurity mesh architecture plays an important role in solving these cyber issues, as it enables security controls to be applied directly to individual devices and users despite the change in their locations. This is expected to benefit the growth of the market over the forecast period.
Moreover, the rising need to focus on data privacy and security compliances across regions has emerged in the growth of the cybersecurity mesh market. For instance, the General Data Protection Regulation (GDPR) is a legal framework supported by the EU law for data privacy and protection in the European and EU economic area. Additionally, the California Consumer Privacy Act (CCPA) of 2018 enables consumers to have control over the personal details that enterprises collect for operating businesses. A cybersecurity mesh allows consumers granular security and data protection measures, thereby supporting compliance and regulatory measures. The growing need for fulfilling privacy and compliance regulations has propelled the demand for the cybersecurity mesh market.