PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1358994
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1358994
Cybersecurity Mesh Market Forecasts to 2030 - Global Analysis By Deployment Mode (On-Premises and Cloud), Offering, Layer, Organization Size, Security Type, End User and By Geography
According to Stratistics MRC, the Global Cybersecurity Mesh Market is accounted for $2.4 billion in 2023 and is expected to reach $5.7 billion by 2030 growing at a CAGR of 13.1% during the forecast period. The term "cybersecurity mesh" refers to a cyber defense tactic that individually safeguards each device with its own perimeter, such as firewalls and network protection technologies. A cybersecurity mesh takes a comprehensive approach as opposed to many security techniques that just safeguard a single perimeter around a complete IT environment. Along with remote work and cloud solutions that scatter machines and devices across geographies, the adoption of this approach to IT security has grown in popularity. New data access and control policies have been updated as a result of these changes, and new technology has been implemented.
According to Flexera's 2021 State of the Cloud Report, 92% of enterprises have a multi-cloud strategy, and 80% have a hybrid cloud strategy.
Market Dynamics:
Driver:
Increasing use of the multi-cloud strategy
Multi-cloud installations are increasingly being used by businesses. Businesses frequently use services from multiple cloud providers. When safeguarding assets, distributed IT assets in several clouds make the fragmentation problem worse. Because there is only one interface when an organization has a single cloud, management is simpler. Multiple interfaces must be maintained in multi-cloud deployments, and each component operating in each of those clouds must be understood. This is the element impacting the market's expansion.
Restraint:
Risk of misconfiguration
Instances of security incidents frequently stem from configuration errors. With so many components and settings to control in a cybersecurity mesh, the chance of incorrect configuration resulting in vulnerabilities or security breaches is increased. Additionally, it might be difficult to acquire cybersecurity experts that have the knowledge and experience needed to design, deploy, and operate a cybersecurity mesh, which restricts market expansion.
Opportunity:
Independent security
Decentralized security architectures are gaining popularity in the industry. Having no single point of failure makes it more challenging for attackers to access the network. Organizations are switching to a distributed model that disperses security controls and capabilities among different network nodes rather than relying on centralized security infrastructure. Due to the fact that the security of the entire system is not jeopardized by the failure of a single node, this trend enables increased resilience.
Threat:
High installation prices
A significant amount of money is needed to establish next-generation firewalls and enhanced threat protection. As a result, budgetary restrictions are an issue for start-ups and emerging firms. It might be expensive to construct and maintain a cybersecurity mesh. Investments in labour, software, hardware, and continuing operational costs are necessary. Smaller businesses with tighter budgets could find it challenging to adopt a complete mesh system. Investment costs, together with design and implementation limitations, might stunt market expansion.
COVID-19 Impact:
Many organizations were compelled by the COVID-19 outbreak to immediately switch to remote labor. As employees began accessing company networks from varied, frequently less secure locations, this abrupt change raised serious cybersecurity problems. The epidemic revealed weaknesses in international supply chains. It became essential to ensure the security of supply chain networks. Mesh networking might offer a supply chain communication architecture that is more dependable and safe.
The solutions segment is expected to be the largest during the forecast period
The solutions segment is estimated to have a lucrative growth. The development of technologies like edge computing, machine learning, and artificial intelligence has made it possible to create cybersecurity mesh systems. By providing intelligent threat detection, behaviour analytics, and automated edge responses, these solutions improve the overall security posture. Many firms are subject to stringent regulatory and compliance rules around data security and privacy.
The healthcare segment is expected to have the highest CAGR during the forecast period
The healthcare segment is anticipated to witness the highest CAGR growth during the forecast period, owing to the importance of securing patient health records and the healthcare industry's vulnerability to cyber attacks. Data breaches, ransom ware, and targeted assaults are a few instances of the increasing number of cyber risks. Healthcare organizations understand how crucial it is to have robust security measures in place to protect patient information, critical infrastructure, and treatment continuity. To lessen the escalating risks in this sector, cybersecurity mesh offers an adaptive and distributed security approach.
Region with largest share:
North America is projected to hold the largest market share during the forecast period. Attacks against vital infrastructure, businesses, organizations, governmental institutions, and individuals are increasingly being carried out online. Secure cybersecurity procedures are necessary to protect infrastructure, critical systems, and sensitive data. Private information being made public diminishes trust and raises privacy issues. Cybersecurity mesh solutions help enterprises safeguard sensitive data, ensure data privacy, and comply with regulations by using granular security controls and encryption methods.
Region with highest CAGR:
Europe is projected to have the highest CAGR over the forecast period. Data breaches, targeted attacks, and ransom ware attacks are just a few of the complex cyber risks that Europe frequently encounters. Organizations that are increasingly being attacked include crucial infrastructure, healthcare providers, financial institutions, and governmental bodies. By providing dispersed security controls, threat intelligence sharing, and incident response coordination to tackle these evolving threats, cybersecurity mesh offers better security capabilities.
Key players in the market:
Some of the key players profiled in the Cybersecurity Mesh Market include: Cato Networks Ltd., Check Point Software Technologies Ltd., Naoris Protocol, Cisco Systems, Inc., FireEye, Inc., Forcepoint LLC (Francisco Partners), Fortinet, Inc., Quasius Investment Corp, GCA Technology, IBM Corporation, Juniper Networks, Inc., McAfee LLC, Palo Alto Networks, Inc., Aryaka Networks,Inc., Symantec Corporation (now part of Broadcom Inc.), Trend Micro Incorporated, VMware, Inc. and Zscaler, Inc.
Key Developments:
In August 2023, GCA has announced a new collaboration with Amazon that will focus on educating young adults about the risks of scams. The project will foster consumer education around scam identification, prevention, and reduce the stigma around reporting scams among young adult Internet users, ranging from 18-25 years old.
In September 2022, Zscaler acquired ShiftRight. The Zscaler Zero Trust Exchange cloud security platform is now integrating ShiftRight's workflow automation technology to automate security management for the increasing volume of threats and incidents that organizations are encountering.
In July 2022, Juniper Networks and Dragos announced their commitment to securing critical infrastructure through an official joint partnership that provides an automation framework for active attack response for OT-ICS networks and systematizes the research and development work done by both companies.
Deployment Modes Covered:
- On-Premises
- Cloud
Offerings Covered:
- Solutions
- Services
Layers Covered:
- Distributed Identity Fabric
- Consolidated Policy & Posture Management
- Consolidated Dashboards
- Security Analytics and Intelligence
Organization Sizes Covered:
- Small and Medium-Sized Enterprises (SMEs)
- Large Enterprises
Security Types Covered:
- Application Security Mesh
- Cloud Security Mesh
- Data Security Mesh
- Endpoint Security Mesh
- Identity and Access Management (IAM) Mesh
- Network Security Mesh
End Users Covered:
- Energy & Utilities
- Healthcare
- Banking, Financial Services & Insurance (BFSI)
- Information Technology & Information Technology Enabled Services (ITES)
- Government
- Other End Users
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 End User Analysis
- 3.7 Emerging Markets
- 3.8 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Cybersecurity Mesh Market, By Deployment Mode
- 5.1 Introduction
- 5.2 On-Premises
- 5.3 Cloud
6 Global Cybersecurity Mesh Market, By Offering
- 6.1 Introduction
- 6.2 Solutions
- 6.3 Services
7 Global Cybersecurity Mesh Market, By Layer
- 7.1 Introduction
- 7.2 Distributed Identity Fabric
- 7.3 Consolidated Policy & Posture Management
- 7.4 Consolidated Dashboards
- 7.5 Security Analytics and Intelligence
8 Global Cybersecurity Mesh Market, By Organization Size
- 8.1 Introduction
- 8.2 Small and Medium-Sized Enterprises (SMEs)
- 8.3 Large Enterprises
9 Global Cybersecurity Mesh Market, By Security Type
- 9.1 Introduction
- 9.2 Application Security Mesh
- 9.3 Cloud Security Mesh
- 9.4 Data Security Mesh
- 9.5 Endpoint Security Mesh
- 9.6 Identity and Access Management (IAM) Mesh
- 9.7 Network Security Mesh
10 Global Cybersecurity Mesh Market, By End User
- 10.1 Introduction
- 10.2 Energy & Utilities
- 10.3 Healthcare
- 10.4 Banking, Financial Services & Insurance (BFSI)
- 10.5 Information Technology & Information Technology Enabled Services (ITES)
- 10.6 Government
- 10.7 Other End Users
11 Global Cybersecurity Mesh Market, By Geography
- 11.1 Introduction
- 11.2 North America
- 11.2.1 US
- 11.2.2 Canada
- 11.2.3 Mexico
- 11.3 Europe
- 11.3.1 Germany
- 11.3.2 UK
- 11.3.3 Italy
- 11.3.4 France
- 11.3.5 Spain
- 11.3.6 Rest of Europe
- 11.4 Asia Pacific
- 11.4.1 Japan
- 11.4.2 China
- 11.4.3 India
- 11.4.4 Australia
- 11.4.5 New Zealand
- 11.4.6 South Korea
- 11.4.7 Rest of Asia Pacific
- 11.5 South America
- 11.5.1 Argentina
- 11.5.2 Brazil
- 11.5.3 Chile
- 11.5.4 Rest of South America
- 11.6 Middle East & Africa
- 11.6.1 Saudi Arabia
- 11.6.2 UAE
- 11.6.3 Qatar
- 11.6.4 South Africa
- 11.6.5 Rest of Middle East & Africa
12 Key Developments
- 12.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 12.2 Acquisitions & Mergers
- 12.3 New Product Launch
- 12.4 Expansions
- 12.5 Other Key Strategies
13 Company Profiling
- 13.1 Cato Networks Ltd.
- 13.2 Check Point Software Technologies Ltd.
- 13.3 Naoris Protocol
- 13.4 Cisco Systems, Inc.
- 13.5 FireEye, Inc.
- 13.6 Forcepoint LLC (Francisco Partners)
- 13.7 Fortinet, Inc.
- 13.8 Quasius Investment Corp
- 13.9 GCA Technology
- 13.10 IBM Corporation
- 13.11 Juniper Networks, Inc.
- 13.12 McAfee LLC
- 13.13 Palo Alto Networks, Inc.
- 13.14 Aryaka Networks,Inc.
- 13.15 Symantec Corporation (now part of Broadcom Inc.)
- 13.16 Trend Micro Incorporated
- 13.17 VMware, Inc.
- 13.18 Zscaler, Inc.
List of Tables
- Table 1 Global Cybersecurity Mesh Market Outlook, By Region (2021-2030) ($MN)
- Table 2 Global Cybersecurity Mesh Market Outlook, By Deployment Mode (2021-2030) ($MN)
- Table 3 Global Cybersecurity Mesh Market Outlook, By On-Premises (2021-2030) ($MN)
- Table 4 Global Cybersecurity Mesh Market Outlook, By Cloud (2021-2030) ($MN)
- Table 5 Global Cybersecurity Mesh Market Outlook, By Offering (2021-2030) ($MN)
- Table 6 Global Cybersecurity Mesh Market Outlook, By Solutions (2021-2030) ($MN)
- Table 7 Global Cybersecurity Mesh Market Outlook, By Services (2021-2030) ($MN)
- Table 8 Global Cybersecurity Mesh Market Outlook, By Layer (2021-2030) ($MN)
- Table 9 Global Cybersecurity Mesh Market Outlook, By Distributed Identity Fabric (2021-2030) ($MN)
- Table 10 Global Cybersecurity Mesh Market Outlook, By Consolidated Policy & Posture Management (2021-2030) ($MN)
- Table 11 Global Cybersecurity Mesh Market Outlook, By Consolidated Dashboards (2021-2030) ($MN)
- Table 12 Global Cybersecurity Mesh Market Outlook, By Security Analytics and Intelligence (2021-2030) ($MN)
- Table 13 Global Cybersecurity Mesh Market Outlook, By Organization Size (2021-2030) ($MN)
- Table 14 Global Cybersecurity Mesh Market Outlook, By Small and Medium-Sized Enterprises (SMEs) (2021-2030) ($MN)
- Table 15 Global Cybersecurity Mesh Market Outlook, By Large Enterprises (2021-2030) ($MN)
- Table 16 Global Cybersecurity Mesh Market Outlook, By Security Type (2021-2030) ($MN)
- Table 17 Global Cybersecurity Mesh Market Outlook, By Application Security Mesh (2021-2030) ($MN)
- Table 18 Global Cybersecurity Mesh Market Outlook, By Cloud Security Mesh (2021-2030) ($MN)
- Table 19 Global Cybersecurity Mesh Market Outlook, By Data Security Mesh (2021-2030) ($MN)
- Table 20 Global Cybersecurity Mesh Market Outlook, By Endpoint Security Mesh (2021-2030) ($MN)
- Table 21 Global Cybersecurity Mesh Market Outlook, By Identity and Access Management (IAM) Mesh (2021-2030) ($MN)
- Table 22 Global Cybersecurity Mesh Market Outlook, By Network Security Mesh (2021-2030) ($MN)
- Table 23 Global Cybersecurity Mesh Market Outlook, By End User (2021-2030) ($MN)
- Table 24 Global Cybersecurity Mesh Market Outlook, By Energy & Utilities (2021-2030) ($MN)
- Table 25 Global Cybersecurity Mesh Market Outlook, By Healthcare (2021-2030) ($MN)
- Table 26 Global Cybersecurity Mesh Market Outlook, By Banking, Financial Services & Insurance (BFSI) (2021-2030) ($MN)
- Table 27 Global Cybersecurity Mesh Market Outlook, By Information Technology & Information Technology Enabled Services (ITES) (2021-2030) ($MN)
- Table 28 Global Cybersecurity Mesh Market Outlook, By Government (2021-2030) ($MN)
- Table 29 Global Cybersecurity Mesh Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
Figure 1 Cybersecurity Mesh - Market Segmentation
Figure 2 Research Methodology
Figure 3 Data Mining
Figure 4 Data Analysis
Figure 5 Data Validation
Figure 6 Research Pipeline
Figure 7 Research Approach
Figure 8 Research Sources
Figure 9 Cybersecurity Mesh Market Scenario, End User (2023) (% Market Share)
Figure 10 Cybersecurity Mesh Market Scenario, Emerging Markets (2023) (% Market Share)
Figure 11 Porter's Five Forces Analysis - Cybersecurity Mesh
Figure 12 Global Cybersecurity Mesh Market Analysis & Projection, By Deployment Mode (2023 VS 2030) (US$MN)
Figure 13 Global Cybersecurity Mesh Market Analysis & Projection, By On-Premises (2023 VS 2030) (US$MN)
Figure 14 Global Cybersecurity Mesh Market Analysis & Projection, By Cloud (2023 VS 2030) (US$MN)
Figure 15 Global Cybersecurity Mesh Market Analysis & Projection, By Offering (2023 VS 2030) (US$MN)
Figure 16 Global Cybersecurity Mesh Market Analysis & Projection, By Solutions (2023 VS 2030) (US$MN)
Figure 17 Global Cybersecurity Mesh Market Analysis & Projection, By Services (2023 VS 2030) (US$MN)
Figure 18 Global Cybersecurity Mesh Market Analysis & Projection, By Layer (2023 VS 2030) (US$MN)
Figure 19 Global Cybersecurity Mesh Market Analysis & Projection, By Distributed Identity Fabric (2023 VS 2030) (US$MN)
Figure 20 Global Cybersecurity Mesh Market Analysis & Projection, By Consolidated Policy & Posture Management (2023 VS 2030) (US$MN)
Figure 21 Global Cybersecurity Mesh Market Analysis & Projection, By Consolidated Dashboards (2023 VS 2030) (US$MN)
Figure 22 Global Cybersecurity Mesh Market Analysis & Projection, By Security Analytics and Intelligence (2023 VS 2030) (US$MN)
Figure 23 Global Cybersecurity Mesh Market Analysis & Projection, By Organization Size (2023 VS 2030) (US$MN)
Figure 24 Global Cybersecurity Mesh Market Analysis & Projection, By Small and Medium-Sized Enterprises (SMEs) (2023 VS 2030) (US$MN)
Figure 25 Global Cybersecurity Mesh Market Analysis & Projection, By Large Enterprises (2023 VS 2030) (US$MN)
Figure 26 Global Cybersecurity Mesh Market Analysis & Projection, By Security Type (2023 VS 2030) (US$MN)
Figure 27 Global Cybersecurity Mesh Market Analysis & Projection, By Application Security Mesh (2023 VS 2030) (US$MN)
Figure 28 Global Cybersecurity Mesh Market Analysis & Projection, By Cloud Security Mesh (2023 VS 2030) (US$MN)
Figure 29 Global Cybersecurity Mesh Market Analysis & Projection, By Data Security Mesh (2023 VS 2030) (US$MN)
Figure 30 Global Cybersecurity Mesh Market Analysis & Projection, By Endpoint Security Mesh (2023 VS 2030) (US$MN)
Figure 31 Global Cybersecurity Mesh Market Analysis & Projection, By Identity and Access Management (IAM) Mesh (2023 VS 2030) (US$MN)
Figure 32 Global Cybersecurity Mesh Market Analysis & Projection, By Network Security Mesh (2023 VS 2030) (US$MN)
Figure 33 Global Cybersecurity Mesh Market Analysis & Projection, By End User (2023 VS 2030) (US$MN)
Figure 34 Global Cybersecurity Mesh Market Analysis & Projection, By Energy & Utilities (2023 VS 2030) (US$MN)
Figure 35 Global Cybersecurity Mesh Market Analysis & Projection, By Healthcare (2023 VS 2030) (US$MN)
Figure 36 Global Cybersecurity Mesh Market Analysis & Projection, By Banking, Financial Services & Insurance (BFSI) (2023 VS 2030) (US$MN)
Figure 37 Global Cybersecurity Mesh Market Analysis & Projection, By Information Technology & Information Technology Enabled Services (ITES) (2023 VS 2030) (US$MN)
Figure 38 Global Cybersecurity Mesh Market Analysis & Projection, By Government (2023 VS 2030) (US$MN)
Figure 39 Global Cybersecurity Mesh Market Analysis & Projection, By Other End Users (2023 VS 2030) (US$MN)
Figure 40 Global Cybersecurity Mesh Market Analysis & Projection, By Geography (2023 VS 2030) (US$MN)
Figure 41 Global Cybersecurity Mesh Market Analysis & Projection, By Country (2023 VS 2030) (US$MN)
Figure 42 Global Cybersecurity Mesh Market Analysis & Projection, By North America (2023 VS 2030) (US$MN)
Figure 43 Global Cybersecurity Mesh Market Analysis & Projection, By Europe (2023 VS 2030) (US$MN)
Figure 44 Global Cybersecurity Mesh Market Analysis & Projection, By Asia Pacific (2023 VS 2030) (US$MN)
Figure 45 Global Cybersecurity Mesh Market Analysis & Projection, By South America (2023 VS 2030) (US$MN)
Figure 46 Global Cybersecurity Mesh Market Analysis & Projection, By Middle East & Africa (2023 VS 2030) (US$MN)
Figure 47 Cato Networks Ltd.- Swot Analysis
Figure 48 Check Point Software Technologies Ltd.- Swot Analysis
Figure 49 Naoris Protocol- Swot Analysis
Figure 50 Cisco Systems, Inc.- Swot Analysis
Figure 51 FireEye, Inc.- Swot Analysis
Figure 52 Forcepoint LLC (Francisco Partners)- Swot Analysis
Figure 53 Fortinet, Inc.- Swot Analysis
Figure 54 Quasius Investment Corp- Swot Analysis
Figure 55 GCA Technology- Swot Analysis
Figure 56 IBM Corporation- Swot Analysis
Figure 57 Juniper Networks, Inc.- Swot Analysis
Figure 58 McAfee LLC- Swot Analysis
Figure 59 Palo Alto Networks, Inc.- Swot Analysis
Figure 60 Aryaka Networks,Inc.- Swot Analysis
Figure 61 Symantec Corporation (now part of Broadcom Inc.)- Swot Analysis
Figure 62 Trend Micro Incorporated- Swot Analysis
Figure 63 VMware, Inc.- Swot Analysis
Figure 64 Zscaler, Inc.- Swot Analysis
