Published Date: 31-Mar-23
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According to a new report, published by KBV research, The Global Cybersecurity Mesh Market size is expected to reach $3.1 billion by 2028, rising at a market growth of 27.5% CAGR during the forecast period.
The Services segment is showcasing a CAGR of 30.9% during (2022 - 2028). This is due to big and medium-sized businesses' increased demand for consulting, updating, and maintenance services. A third-party organization offers business security services to protect its assets from potential cyber security risks. As these services take care of the organization's assets and guarantee the business's success, their demand is expected to increase, propelling the segment's growth.
The IT & ITeS segment acquired maximum revenue share in the Global Cybersecurity Mesh Market by Vertical in 2021 thereby, achieving a market value of $1.2 billion by 2028. This is because the IT and ITeS sectors hold vast quantities of vital corporate and employee data, including names, addresses, and financial transaction details. Without additional security layers, such as endpoint protection, two-factor authentication, and virtual firewalls, businesses are vulnerable to hostile assaults. As many organizations embraced cloud-based solutions, the danger of such vulnerability increased.
The On-premise segment has shown the growth rate of 24.6% during (2022 - 2028). This is because on-premises security technology uses an onsite computer server to operate access control software. In addition to the hardware, a corporation acquires a license to operate the required software on its local servers. With an on-premise security system, the organization is responsible for controlling its servers, allowing organizations full control over their security.
The Large Enterprises segment is leading the Global Cybersecurity Mesh Market by Enterprise Size in 2021 thereby, achieving a market value of $2.4 billion by 2028. This is because these organizations have a high adoption rate for cybersecurity mesh technologies. Big corporations have vast resources for information security personnel and cutting-edge defense systems. Big organizations have the financial means to employ cybersecurity mesh solutions. They also possess the personnel necessary to install and maintain the deployed systems.
The North America market dominated the Global Cybersecurity Mesh Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1.3 billion by 2028. The Europe market is exhibiting a CAGR of 26.9% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 28% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/cybersecurity-mesh-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
By Deployment Mode
By Enterprise Size
Unique Offerings from KBV Research
North America Cybersecurity Mesh Market Future Scope & Opportunities 2022-2028
Europe Cybersecurity Mesh Market Size & Growth Forecast 2022-2028
Asia Pacific Cybersecurity Mesh Market Size, Share & Industry Outlook to 2028
LAMEA Cybersecurity Mesh Market Growth, Trends & Forecasts 2022-2028