Global Cybersecurity Mesh Market Size Analysis By Deployment (On-Premise, Cloud), By End User, Regional Analysis & Forecast 2023-2032

Global Cybersecurity Mesh Market

The global Cybersecurity Mesh Market size was valued at USD 0.56 billion in 2022, and is projected to reach USD 3.57 billion by 2032 at a CAGR of 28.5% from 2022 to 2032.
Cybersecurity mesh is an emerging security concept that is designed to address the complexity and scalability issues associated with traditional security approaches. A cybersecurity mesh is essentially a network of interconnected security solutions that work together to protect a company's assets, including data, applications, and infrastructure, from cyber threats. The concept of cybersecurity mesh is based on the principle of zero trust, which means that every user, device, and application must be verified and authenticated before access to any resource is granted. This approach ensures that only authorized users are allowed to access company resources, and any unauthorized access attempts are blocked.
One of the major trends in the cybersecurity mesh market is the increasing demand for cloud-based security solutions. With the rise of remote work and the widespread adoption of cloud technologies, companies are looking for security solutions that can provide comprehensive protection for their cloud-based assets. Cloud-based security solutions are highly scalable and can be easily integrated into existing cloud infrastructures, making them an attractive option for companies looking to strengthen their security posture.
Another trend in the cybersecurity mesh market is the growing importance of artificial intelligence (AI) and machine learning (ML) in security solutions. AI and ML are being used to identify and respond to cyber threats in real-time, allowing security teams to quickly detect and respond to security incidents. These technologies are also being used to automate routine security tasks, freeing up security personnel to focus on more strategic security initiatives. The cybersecurity mesh market is also seeing a growing focus on the convergence of IT and operational technology (OT) security. As companies increasingly rely on connected devices and industrial control systems (ICS) to operate their businesses, they are looking for security solutions that can provide comprehensive protection for both their IT and OT environments. This convergence is driving the development of security solutions that can bridge the gap between these two environments, enabling companies to secure their entire infrastructure from a single platform. Opportunities in the cybersecurity mesh market include the development of integrated security solutions that can provide end-to-end protection for companies' digital assets. As companies continue to adopt cloud technologies, there is a growing need for security solutions that can protect these assets across multiple cloud environments. Integrated security solutions that can provide unified visibility and control across these environments are likely to see increased demand in the coming years.

Impact of COVID-19 on the global Cybersecurity Mesh Market:
The COVID-19 pandemic has had a significant impact on the cybersecurity mesh market, both in terms of demand for security solutions and the way organizations approach cybersecurity. Firstly, the pandemic has led to an increase in cyber threats, with cybercriminals taking advantage of the disruption caused by the pandemic to launch attacks. This has led to a higher demand for cybersecurity solutions, including cybersecurity mesh, as organizations look for ways to protect their digital assets. Secondly, the pandemic has forced many organizations to adopt remote working arrangements, which has created new security challenges. With employees working from home, the traditional security perimeter has become more porous, making it easier for cybercriminals to gain access to company assets. This has led to a greater need for cybersecurity solutions that can protect remote workers and their devices. Thirdly, the pandemic has accelerated the digital transformation of many industries, with organizations adopting new technologies to cope with the disruption caused by the pandemic. This has led to an increased demand for cybersecurity solutions, as organizations look to protect their new digital assets and infrastructure. Finally, the pandemic has led to a shift in the way organizations approach cybersecurity. With remote working arrangements and an increased reliance on digital technologies, organizations are recognizing the need for more holistic and integrated security solutions, such as cybersecurity mesh.

 

Impact of the Russia-Ukraine War on the global Cybersecurity Mesh Market:

Heightened cyber threats: The conflict can lead to an increase in cyber threats from both state-sponsored and non-state actors. These threats can target critical infrastructure, government agencies, and businesses in the region, leading to an increased demand for cybersecurity solutions, including cybersecurity mesh.

Disruption of supply chains: The conflict can disrupt supply chains for cybersecurity mesh solutions, as companies may face challenges in sourcing components and materials from the region. This can lead to delays in product development and deployment, which can impact the growth of the market.

 

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Market Segmentation:

By Deployment
• On-Premise
• Cloud

By End User
• BFSI
• IT and Telecom
• Governments and Public Sector
• Retail
• Healthcare

 Key Player:

• Cisco Systems Inc.
• Palo Alto Networks Inc.
• Fortinet Inc.
• Check Point Software Technologies Ltd.
• Juniper Networks Inc.
• VMware Inc.
• Broadcom Inc.
• F5 Networks Inc.
• Akamai Technologies Inc.
• Zscaler Inc.
• McAfee LLC
• IBM Corporation
• Symantec Corporation
• FireEye Inc.
• Trend Micro Inc.

 

Regional Analysis:

Region-wise, the cybersecurity mesh market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America region witnessed the largest revenue share in the cybersecurity mesh market in 2021. This is due to the region being one of the most advanced areas in terms of infrastructure and security technologies. In recent years, the digitization of the region has increased. There is an increase in the usage of technology such as digital payments, cloud-based apps, and the Internet of Things, which have increased complications and worries for businesses and made this region more susceptible to cyberattacks.

 Key Points: 

Cyberspace expansion increases the demand for better security solution

Cyberspace has changed during the past few decades. Historically, corporations concentrated on safeguarding the network's perimeter, ensuring that the network's inside remained a secure, trusted environment. The pandemic has dramatically boosted organizations' use of the internet. IT firms have complicated security requirements, rendering the current security architectural techniques outdated. This quickly evolving digital ecosystem needs an updated security strategy to minimize all security risks and operational burdens. The perimeter of the enterprise network has evolved. These factors are boosting market growth.

The increasing adoption of the multi-cloud-based strategies

Enterprises aspire to develop a unified security posture across multi-cloud environments. Cybersecurity mesh architecture (CSMA) allows people and machines to connect securely from numerous locations across hybrid and multi-cloud environments, channels, and diverse application generations, safeguarding the enterprise's digital assets. Hence, as CSMA safeguards the multi-cloud environment, which is becoming essential due to multi-cloud's rising adoption, the growth of the cybersecurity mesh market is expected to propel.

Market Restraining Factor

Shortage of skilled workers to employ and use cybersecurity mesh solution

Companies require competent cybersecurity workers today more than ever. Thus, many firms report that their board of directors advises raising headcount for IT and cybersecurity. After security administrators and architects, cloud security professionals and security operations analysts remain among the most sought-after positions in cybersecurity. Hence the shortage of skilled professionals, which is unable to meet the increasing demand for cybersecurity solutions, is expected to hinder the cybersecurity mesh market growth.

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