The Asia Pacific Edge Security Market would witness market growth of 21.3% CAGR during the forecast period (2022-2028).
Edge computing device comes in many shapes and sizes. These endpoints can be everywhere, ranging from micro-data centers at remote locations to cash registers, sensors, and routers that need fast local processing as part of the huge Web of Things devices. In response to the pandemic, the fast shift to hybrid work models introduced millions of distributed remote offices and BYOD devices, from smartphones to tablets to laptops, for IT departments to manage.
Edge devices are generally cost-effective, making them famous with hobbyists who want to create affordable projects or small businesses that may not need the security of the same level. IT management requires a user interface to raise the efficiency of its information-sharing system.
Because they are generally small and physically exposed, a device located at the network’s edge is also at risk of being stolen. Edge devices are connected to the enterprise network and are utilized for accessing data, apps, and the internet. A secure single sign-on system is automated, and the user’s access to company data is controlled by defined access rights to prevent unauthorized users from accessing the data.
The Chinese banking system is necessary to the functioning Chinese economy because it is the primary conduit through which savings are allocated to investment opportunities. Banking activity in China has increased rapidly in the last decade, jointly with the expansion of the Chinese economy, and now includes some of the world’s largest banks. Also, Chinese banks have become more commercially orientated in the last period. The constant growth of the banking sector coupled with government support and schemes will increase the usage of edge security to safeguard the personal and critical data of the users and therefore surge the edge security market growth in the region.
The China market dominated the Asia Pacific Edge Security Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $4,651.9 million by 2028. The Japan market is estimated to grow a CAGR of 20.6% during (2022 - 2028). Additionally, The India market would experience a CAGR of 22.1% 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Edge Security Market is Projected to reach USD 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).
By Component
By Deployment Mode
By Organization Size
By Vertical
By Country
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