Europe Edge Security Market Size, Share & Industry Trends Analysis Report By Component (Solution and Services), By Deployment Mode (Cloud and On-premise), By Organization Size, By Vertical, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Europe Edge Security Market would witness market growth of 19.5% CAGR during the forecast period (2022-2028).
One way to monitor and analyze network activity for edge security is with intrusion detection systems and intrusion prevention systems (IDS/IPS). Intrusion detection systems analyze, monitor and report on network events for anomalies and possibly malicious activity. Intrusion prevention systems also perform detection and take action against any attacks.
The primary edge computing usage case is to enhance IoT devices’ quality of service (QoS). Most IoT devices lack enough processing power and even security features, leaving many vulnerable network entry points at the edge. This is further increased by the exponential; growth in the number of IoT devices. The firms making IoT devices don’t always correctly secure their devices.
To secure the networks impacted by unsafe IoT devices, the organization in control must take responsibility. That is where edge security come into play to ensure their network safety. By placing security agents in edge nodes like micro data centers with a suitable amount of processing power, traffic from compromised IoT devices can be identified as compromised and stopped from accessing the rest of the network.
Germany has one of the most significant ICT industries in the world and the single largest software market in Europe, with 95,808 IT companies. There is robust demand for foreign services and goods across all segments. Many key players, like Apple, Dell, etc., have significant shares in the industry. Also, there is a presence of highly specialized SMEs. In 2022 revenue in various IT subsectors comprised $ 45.3 billion in IT-Services, $34.1 billion in software, and $34.9 billion in the IT-Hardware subsector. The robust presence of the IT sector will further increase the adoption of security measures like edge security and propel the market expansion in the region.
The Germany market dominated the Europe Edge Security Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3,596 million by 2028. The UK market is anticipated to grow at a CAGR of 18.5% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 20.4% during (2022 - 2028).
Based on Component, the market is segmented into Solution and Services. Based on Solution Type, the market is segmented into SD-WAN, Secure Access Service Edge, Cloud Access Security Broker and Others. Based on Deployment Mode, the market is segmented into Cloud and On-premise. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises (SMEs). Based on Vertical, the market is segmented into BFSI, Government & Defense, Retail & E-commerce, Energy & Utilities, Manufacturing, Healthcare & Life Sciences, IT & Telecom and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Edge Security Market will Hit $57.2 Billion by 2028, at a CAGR of 20.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Broadcom, Inc., Cisco Systems, Inc., Palo Alto Networks, Inc., Check Point Software Technologies Ltd., Fortinet, Inc., Zscaler, Inc., Cloudflare, Inc., F5 Networks, Inc., Citrix Systems, Inc. (Cloud Software Group, Inc.), and Forcepoint LLC (Francisco Partners).
Scope of the Study
Market Segments Covered in the Report:
- Secure Access Service Edge
- Cloud Access Security Broker
By Deployment Mode
By Organization Size
- Large Enterprises
- Small & Medium Enterprises (SMEs)
- Government & Defense
- Retail & E-commerce
- Energy & Utilities
- Healthcare & Life Sciences
- IT & Telecom
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Broadcom, Inc.
- Cisco Systems, Inc.
- Palo Alto Networks, Inc.
- Check Point Software Technologies Ltd.
- Fortinet, Inc.
- Zscaler, Inc.
- Cloudflare, Inc.
- F5 Networks, Inc.
- Citrix Systems, Inc. (Cloud Software Group, Inc.)
- Forcepoint LLC (Francisco Partners)
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