Edge Security Market Set to Soar to $824 Billion by 2031: A Comprehensive Foreca

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2. Edge Security Market– 2024-2031 Meticulous Research® has released an in-depth report titled "Global Edge Security Market by Offering (Solution, Services), Deployment Mode, Organization Size, Sector (IT & Telecommunications, Healthcare, Retail & E-Commerce, BFSI, Government, Energy & Utilities), and Geography - Global Forecast to 2031." According to the report, the global edge security market is projected to grow to $82.4 billion by 2031, with a compound annual growth rate (CAGR) of 19.7% from 2024 to 2031. The primary driver behind this market growth is the increasing adoption of Secure Access Service Edge (SASE) solutions. SASE integrates network and security functions into a unified, cloud-delivered platform, offering businesses an efficient way to enhance security while managing IT costs. This integrated approach is particularly appealing to organizations seeking to streamline their security infrastructure. The rise in cybersecurity threats also plays a crucial role in driving the demand for edge security solutions. As organizations expand their digital operations, they face heightened risks of cyberattacks, underscoring the need for advanced solutions that protect data and maintain network integrity. Despite these growth drivers, the market faces challenges related to securing complex and fragmented edge environments. These environments, which include a mix of legacy systems, IoT devices, and modern applications, present difficulties in achieving comprehensive security coverage. The rollout of 5G technology represents a significant growth opportunity for the edge security market. The enhanced connectivity and speed of 5G networks drive the need for sophisticated security measures. Additionally, the growing adoption of cloud-based services among small and medium-sized enterprises (SMEs) offers further opportunities for market expansion. Artificial intelligence (AI) is a key trend influencing the edge security market. AI-powered solutions provide advanced capabilities for real-time threat detection and automated response, which are critical for securing edge environments. As AI technology continues to advance, its integration into edge security solutions is expected to drive further market growth. The report segments the market by offering into solutions and services. In 2024, the solutions segment is anticipated to hold the largest market share due to the need for proactive threat detection and protection. Conversely, the services segment is expected to grow at the fastest rate, driven by increasing demand for managed security services, particularly among SMEs. Deployment mode analysis shows that cloud-based solutions are set to dominate the market in 2024, thanks to their scalability and cost-effectiveness. Cloud-based deployment is expected to exhibit the highest CAGR during the forecast period. However, on-premise solutions remain relevant for organizations with stringent security needs. By organization size, large enterprises are expected to lead the market in 2024, due to their substantial IT infrastructure and investment capacity. However, SMEs are projected to register the highest growth rate, driven by increased digitalization and cyber threats. Sector-wise, the IT & telecommunications industry is expected to hold the largest market share in 2024, driven by the need to secure data and devices at the edge. The healthcare sector is forecasted to experience the highest growth rate due to the rising adoption of telehealth services and data protection needs. Geographically, North America is projected to dominate the market in 2024, driven by significant investments in edge data centers and advanced technologies. The Asia-Pacific region is expected to register Page 1 of 2 © Meticulous Research| sales@meticulousresearch.com

3. Edge Security Market– 2024-2031 the highest CAGR during the forecast period, supported by the rise in connected devices and government- led cybersecurity initiatives. In summary, the global edge security market is poised for substantial growth, driven by advancements in technology, increasing cyber threats, and a rising demand for secure edge computing solutions. While challenges persist, the market's growth potential is bolstered by developments in 5G, AI, and cloud services. Key Players The key players operating in the edge security market are Cisco Systems, Inc. (U.S.), Broadcom Inc. (U.S.), Check Point Software Technologies Ltd. (Israel), Palo Alto Networks, Inc. (U.S.), Fortinet, Inc. (U.S.), Juniper Networks, Inc. (U.S.), Zscaler, Inc. (U.S.), Cloudflare, Inc. (U.S.), F5, Inc. (U.S.), Akamai Technologies, Inc. (U.S.), Barracuda Networks, Inc. (U.S.), Forcepoint LLC (U.S.), Versa Networks, Inc. (U.S.), Cato Networks Ltd. (Israel), and Skyhigh Security (U.S.). Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5735 Key Questions Answered in the Report: • Which are the high-growth market segments in terms of offering, deployment mode, organization size, and sector? • What is the historical market size for the global edge security market? • What are the market forecasts and estimates for 2024–2031? • What are the major drivers, restraints, opportunities, challenges, and trends in the global edge security market? • Who are the major players in the global edge security market, and what are their market shares? • What is the competitive landscape like? • What are the recent developments in the global edge security market? • What are the different strategies adopted by major market players? • What are the trends and high-growth countries? • Who are the local emerging players in the global edge security market, and how do they compete with other players? Contact Us: Meticulous Research® Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Page 2 of 2 © Meticulous Research| sales@meticulousresearch.com