The North America Cybersecurity Mesh Market would witness market growth of 26.9% CAGR during the forecast period (2022-2028).
Cybersecurity mesh architecture (CSMA) promotes interoperability and coordination among security systems, leading to a more cohesive security strategy. This enhances the security of a business by protecting specific endpoints instead of attempting to cover all assets with a single solution. CSMA facilitates the transition from obsolete discrete systems to an integrated approach. CSMA enables individual security services to interact and integrate, fostering a more dynamic network security environment. CSMA makes the security posture of the firm more adaptable. As digitalization increases, CSMA systems provide a more scalable and versatile security response.
It enhances the organization's defensive posture by promoting collaboration across analytical and integrated security technologies. This significantly improves the responsiveness to assaults and security breaches. CSMA fosters a setting where cybersecurity technologies may be promptly installed and easily maintained. It limits investments in situation-specific security solutions for which the organization may only have a temporary need, freeing up the resources, whether they are financial, technological, or human, for more vital tasks.
In 2022, Artificial Intelligence (AI) will continue to be a key area for technological investment in Canada. In April 2021, following the introduction of the government budget, it was revealed that Canada would contribute C$185 million (roughly US$143.68 million) to the commercialization of AI research. With this investment are plans to raise financing for the Pan-Canadian Artificial Intelligence Plan to C$443.8 million (roughly US$344.88 million) over ten years. The prevalence of cyberattacks, combined with the increasing use of AI technology is expected to increase demand for cybersecurity solutions like cybersecurity mesh to safeguard the sector's critical data, thus boosting the market growth in the region.
The US market dominated the North America Cybersecurity Mesh Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $947.3 million by 2028. The Canada market is poised to grow at a CAGR of 30.1% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 28.8% during (2022 - 2028).
Based on Offering, the market is segmented into Solution and Services. Based on Vertical, the market is segmented into IT & ITeS, BFSI, Healthcare, Energy & Utilities and Others. Based on Deployment Mode, the market is segmented into Cloud and On-premise. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Sized Enterprises. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Cybersecurity Mesh Market is Predict to reach $3.1 Billion by 2028, at a CAGR of 27.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Palo Alto Networks, Inc., Check Point Software Technologies Ltd., Zscaler, Inc., Fortinet, Inc., Forcepoint LLC (Francisco Partners), Cato Networks Ltd., GCA Technology and appNovi, Inc.
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