According to a new report, published by KBV research, The Global Edge Security Market size is expected to reach $57.2 billion by 2028, rising at a market growth of 20.3% CAGR during the forecast period.
The Services segment is showcasing a CAGR of 23% during (2022 - 2028). This is because it provides specialized security services to other organizations. Works like collecting data and managing databases are generally outsourced to managed service providers. The segment is highly fragmented and comprises vendors from diverse backgrounds, ranging from security professionals and system integrators to managed security service providers. As works like data collecting and managing, combined with various other benefit of the edge security, the segment’s growth is expected to surge.
The Cloud segment acquired maximum revenue share in the Global Edge Security Market by Deployment Mode in 2021 thereby, achieving a market value of $37.7 billion by 2028. This is due to the assistance provided by the CASB to bring protection to the cloud. A Cloud Access Security Broker (CASB) is a cloud security solution designed to point out the deficiencies of legacy network security models. They can be implemented either as a physical appliance or under a software-as-a-service (SaaS) model to provide network visibility and threat protection for an organization's cloud applications.
The Small & Medium Enterprises (SMEs) segment has shown the growth rate of 21.9% during (2022 - 2028). This is because hackers are heavily targeting SMEs to hinder the organization’s growth, causing significant financial losses. Many start-ups invest in security solutions like edge security to protect their data. Hence, the usage of safety solutions like edge security by small and medium-sized is rising, thereby driving the segment’s growth in the forecasted period.
The BFSI segment is generating highest revenue share in the Global Edge Security Market by Vertical in 2021 thereby, achieving a market value of $12.6 billion by 2028. This is due to the prominent quantity of personal information and private data of the shareholders in the BFSI industry. The industry has been a target of severe attacks and threats. Also, the growing popularity of online and mobile banking increases the potential for network attacks and breaches in data. The requirement for efficient data safety and shifting trends will surge the segment’s expansion.
The North America market dominated the Global Edge Security Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $20.9 billion by 2028. The Europe market is exhibiting a CAGR of 19.5% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 21.3% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/edge-security-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 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 Geography
Companies Profiled
Unique Offerings 
