Cybersecurity Mesh Market, By Deployment Type, (Cloud-based, On-premises) By Application, (Small and Medium Enterprises, Large Enterprises), By Region – Global Analysis Forecast Till 2030

The Global Cybersecurity Mesh Market Is Predicted to See Substantial Increase in CAGR during the Forecast 2030

The cybersecurity market is primarily driven by the emergence of emerging online e-commerce platforms and key technologies such as AI and Internet of Things, Cloud Security, and more. Major market players focus on developing internet security solutions based on artificial intelligence (AI) platforms. For example, in January 2021 Fortinet, Inc. launched FortiXDR, an AI-enabled fully automated online cyberthreat detection XDR solution. Growing demand for solutions is expected to be fueled by cumulative investments from Germany, France, India, Spain, Korea, Italy, Canada, Qatar, etc. Growing adoption of enterprise security solutions in banking, manufacturing, financial services and healthcare sectors, insurance (BFSI) is expected to drive the Cybersecurity Mesh Market growth in the coming years.

Key players:

• Bocasay,

• Palo Alto Networks,

• CrowdStrike,

• Infoblox,

• E-Spin,

• IBM,

• Oracle,

• TrustMatrix,

• Stefanini,

• Exium,

• Gartner,

• Proofpoint.

• And Others

Market Dynamics:

Drivers:

Internet security solutions have been enhanced in a connected network infrastructure as a result of an increase in e-commerce platforms and technological advancements in fields like artificial intelligence, cloud computing, and blockchain. The adoption of network security solutions for their IT and electronic security systems is another priority for e-commerce businesses. To safeguard its assets from cyber threats, Askul Corp., for instance, adopted Shadankun in September 2020 for its business units. Shadankun is an advanced network security solution created by Cyber Security Cloud, Inc. The demand for network security solutions is being driven by the increasing use of these technologies to eliminate cyber threats.

Restraints:

There is an exponential rise in need for cutting-edge solutions as internet security risks rise. Modern network, cloud, and endpoint security threats cannot be adequately defended against by out-of-date network security technologies. Major limiting constraints are thought to include things like a shortage of professionals and experts who can design and advance security solutions. Adoption by small and medium businesses is hampered by the high cost of deploying and updating internet security solutions and services (SMEs).

Market Segmentation:

Cybersecurity mesh Market, Deployment Type

• Cloud-based

• On-premises

Cybersecurity mesh Market, Application

• Large Enterprises

• Small and Medium Enterprises

Cybersecurity mesh Market, By Region:

• • North America

    • U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

    • France

    • Italy

    • Spain

  • Asia Pacific

    • China

    • Japan

    • India

  • Latin America

    • Brazil

    • Mexico

  • Middle East & Africa (MEA)

    • South Africa

Regional Analysis:

North America is likely to dominate with the highest cybersecurity mesh market share during the forecast period. The increasing number of high-section security breaches is driving the demand for cloud application security solutions across the region. Increasing number of online e-commerce platforms fuels the cybersecurity mesh market growth in countries such as United States and Canada. Governments implement advanced network security protocols to provide businesses with enhanced security measures.

Europe is expected to grow at a prominent CAGR during the forecast period. This growth has been largely fueled by the rise in internet security projects and related investments by leading companies in the UK, Germany, Spain, France, Italy and more. Leading providers have installed advanced IT security solutions to protect the highly sensitive information associated with manufacturing operations and increase productivity.

The Asia Pacific region is expected to grow exponentially over the forecast period. Countries such as China, India and South Korea are expected to grow at excellent CAGRs during the forecast period. This growth is driven by an increase in service providers and increased investments by governments and foreign investors in various security projects. According to a report published by online security company Symantec Corporation, in 2019 India was among the top 10 countries for countering security web gateway crime.

Scope of the Report:

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