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Cybersecurity Mesh Market Analysis And Trends By Segmentations, Top Key Players, Geographical Expansion, Future Development & Forecast – 2027

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Cybersecurity Mesh Market Analysis And Trends By Segmentations, Top Key Players, Geographical Expansion, Future Development & Forecast – 2027

March 10
02:20 2023
Cybersecurity Mesh Market Analysis And Trends By Segmentations, Top Key Players, Geographical Expansion, Future Development & Forecast - 2027
IBM (US), Palo Alto Networks (US), Check Point (Israel), Zscaler (US), Fortinet (US), GCA Technology (US), Forcepoint (US), SonicWall (US), Ivanti (US), Cato Networks (Israel), Aryaka Networks (US), SailPoint (US), appNovi (US), Appgate (US), Mesh Security (Israel), Primeter 81 (Israel), Naoris Protocol (Portugal), and Exium (US).
Cybersecurity Mesh Market by Offering (Solutions, Services), Deployment Mode (Cloud, On-premises), Vertical (IT and ITeS, Healthcare, BFSI, Energy and Utilities), Organization Size (SMEs, Large Enterprises) and Region – Global Forecast to 2027

MarketsandMarkets forecasts that the global cybersecurity mesh market would grow from an estimated USD 0.9 billion in 2023 to USD 2.6 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 28.6% from 2022 to 2027. Perimeter becoming more fragmented and increasing cyberattacks faced by organizations are some of the factors driving the market growth.

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What is Cybersecurity Mesh?

According to MarketsandMarkets, Cybersecurity mesh is a security approach that provides security to an organization’s external and distributed assets and devices. It is also considered as a building block of zero trust security approach. The concept of cybersecurity mesh is also expected to have influence from technology such as decentralized identities, secure access service edge (SASE), zero trust security 2.0, and others.

By organization size, large enterprises to account for a largest market size during the forecast period

Large enterprises include firms with employee strength of more than 1,000. During the forecast period, the large enterprises segment is projected to account for a larger market size in the cybersecurity mesh. These enterprises are seeing a high adoption of cybersecurity mesh solutions. Large enterprises have enormous resources, meaning they can afford information security professionals and cutting-edge technology to defend themselves. Large enterprises possess the financial resources necessary to implement cybersecurity mesh solutions. They also have the workforce to install and work with the deployed systems. The IT administrators in large organizations dealing with highly sensitive information are witnessing high demand for zero-trust-based solutions to perform real-time security analytics of various security incidents. Zero trust-based solutions help IT security professionals in large enterprises to gain enhanced network visibility and effectively implement policies across different departments in remote locations. Large enterprises work with a large volume of data, which makes them attractive targets for cyberattacks. The increased usage of the internet and advanced technologies and strict regulatory compliances and laws implemented by governments across regions has led to large organizations increasingly adopting cybersecurity mesh solutions.

By vertical, IT & ITeS to account for the larger market size during the forecast period

The IT & ITeS vertical is an early adopter of innovative digital technological solutions. Companies in the IT vertical are constantly evolving in terms of technology. IT and ITeS industries store large volumes of critical business and employee data, such as names, addresses, and payment transaction information. Companies risk exposing themselves to malicious attacks without additional security layers such as endpoint security, two-factor authentication, or virtual firewalls. As more businesses adopted cloud-based technologies, the risk of such exposure worsened. With the surging adoption of BYOD and WFH trends, IT companies are rapidly prioritizing cybersecurity solutions and services. As enterprises increasingly adopted the work-from-home policy to curb the spread of COVID-19, IT and cloud professionals have become highly concerned about maintaining the security of their IT infrastructure. The upsurge in cloud computing, IoT, and BYOD trends has made it possible for cybercriminals to penetrate end-user systems with an easy access route. With such evolving landscape of cyber threats, IT organizations and ITeS service providers across regions are adopting cybersecurity mesh solutions to combat the cyberattacks.

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Competitive Overview:

The cybersecurity mesh market is led by some globally established players, such as IBM, Palo Alto Networks, Check Point, Zscaler, Fortinet, and others. These players have adopted various growth strategies, such as partnerships, agreements, collaboration, acquisitions, and product developments, to increase their market presence.

IBM is a technology company that manufactures and sells computer hardware and software and provides infrastructure, hosting, and consulting services. The company provides integrated solutions and products that leverage data, information technology, and expertise in industries and business processes. It provides solutions and services for software, consulting, and infrastructure segments. It offers products and solutions under domains including AI, automation, blockchain, business operations, cloud computing, data and analytics, IT infrastructure, security, and supply chain. It provides consulting and services under IBM consulting, business process services, design and business strategy, hybrid multi-cloud services, talent and transformation, application services, security services, and technology support services. In the cybersecurity mesh market, it provides IBM Security verify and IBM Security Verify Trust. Powered by AI, it offers smart identity and access management for hybrid, multi-cloud deployments. It enables protection against insider threats and delivers a zero-trust framework.

Apart from large vendors, some SMEs and startups, such as appNovi, Appgate, Mesh Security, Naoris Protocol, are also evolving in the cybersecurity mesh market.

Another important player in the cybersecurity mesh market is Appgate. Appgate provides products and services in zero-trust network access, risk-based authentication, digital threat protection, and threat advisory services. In the cybersecurity mesh market, it offers the Appgate SDP. It serves use cases, including remote access, hybrid enterprise, and cloud access. Appgate SDP’s zero trust architecture enables making the network visible with single packet authorization, evaluates each user’s identity, device, and contextual risk as a criterion for secure access, monitors and modifies access automatically based on context and risk changes, enforces the principle of least privilege by only granting access to micro-segmented resources, and the API first technology easily integrates and enhances the existing architecture.

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Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
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Phone: 18886006441
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City: Northbrook
State: IL 60062
Country: United States