The security service edge global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Security Service Edge Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The security service edge market size has grown exponentially in recent years. It will grow from $0.77 billion in 2023 to $0.98 billion in 2024 at a compound annual growth rate (CAGR) of 27.7%. The growth in the historic period can be attributed to digital transformation, remote work trends, regulatory compliance, increasing sophistication of cyber threats, bring your own device policies,
The security service edge market size is expected to see exponential growth in the next few years. It will grow to $2.38 billion in 2028 at a compound annual growth rate (CAGR) of 24.9%. The growth in the forecast period can be attributed to emergence of advanced threats, IoT proliferation, integration with devops practices, zero-trust security model adoption, shift towards secure access service edge, Major trends in the forecast period include convergence of network security and wide area networking (WAN), increased adoption of zero trust architectures, enhanced user and device visibility, integration of artificial intelligence (AI) and machine learning (ML), rise of cloud-native security services.
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Scope Of Security Service Edge Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Security Service Edge Market Overview
Market Drivers –
The rise in cyber threats is expected to propel the growth of the security service edge market going forward. Cyber threats refer to malicious activities or potential dangers that exploit computer systems, networks, and digital infrastructure vulnerabilities. It arises due to several factors, including the increasing frequency of high-profile data breaches and the growing sophistication of hackers. Security service edge addresses cyber threats by providing a comprehensive cybersecurity solution that includes securing network connections, enforcing access controls, protecting cloud resources, safeguarding endpoints, securing data, and improving threat detection and response capabilities. For instance, in February 2023, according to the Australian Cyber Security Centre, an Australia-based cyber security agency, in 2022, cybercrime reports received were 76,000, up from 13% from the previous year. Therefore, the rise in cyber threats is driving the growth of the security service edge market.
Market Trends –
Major companies operating in the security service edge market are concentrating on innovative security solutions, such as consulting security edge services, to address the evolving cybersecurity landscape and meet the increasing demand for robust security measures. This service refers to a new category of network security services that provides a modular and unified approach to consulting and implementing an SSE. For instance, in January 2024, Kyndryl Holdings, Inc., a US-based IT service management company, introduced Kyndryl Consult Security Services Edge and Kyndryl Managed SSE, two new security edge services developed jointly with Cisco Systems Inc., a US-based technology company, to help customers improve their cybersecurity and proactively address and respond to cyber incidents. These services enhance security controls, proactively address cyber incidents, and help enterprises transition into a secure access service edge (SASE). Additionally, these services enable enterprises to establish a foundation for transitioning into a secure access service edge (SASE), incorporate a zero-trust network, and facilitate hybrid work scenarios.
The aerospace support and auxiliary equipment market covered in this report is segmented –
1) By Type: Commercial Radars, Satellites
2) By Ownership: Public, Private
3) By Platform: Airborne, Land, Naval, Space
Subsegments Covered: Continuous Waveform, Pulse Waveform, Large Satellite, Mini Satellite, Micro Satellite, Nano Satellite
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Regional Insights –
North America was the largest region in the security service edge market in 2023. The regions covered in the security service edge market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major companies operating in the security service edge market are Microsoft Corporation, International Business Machines Corporation (IBM), Cisco Systems Inc., Broadcom Inc. , VMware Inc., Palo Alto Networks Inc., Juniper Networks Inc., Fortinet Inc., Akamai Technologies Inc., Citrix Systems Inc., Check Point Software Technologies Ltd., Proofpoint Inc., Zscaler Inc., Cloudflare Inc., Cyxtera Technologies Inc., Forcepoint LLC, SonicWall Inc., Barracuda Networks Inc., Open Systems AG, Cato Networks Inc., Appgate Inc., Versa Networks Inc., Netskope Inc., Wandera Limited, Menlo Security Inc.
Table of Contents
1. Executive Summary
2. Security Service Edge Market Report Structure
3. Security Service Edge Market Trends And Strategies
4. Security Service Edge Market – Macro Economic Scenario
5. Security Service Edge Market Size And Growth
…..
27. Security Service Edge Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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