A recent report published by Infinium Global Research on the cybersecurity mesh market provides in-depth analysis of segments and sub-segments in the global as well as regional cybersecurity mesh market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional cybersecurity mesh market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global cybersecurity mesh market. According to the report, the global cybersecurity mesh market is projected to reach USD 115.82 billion by 2027 from USD 50.54 billion in 2021, growing at a CAGR of 14.82% over the forecast period of 2021-2027.
Cybersecurity mesh is used to
safeguard the cyber environment of a user or organization and it allows
distributed enterprises to deploy and extend security where it’s most needed.
Cybersecurity mesh is a modern approach that manages the set of techniques used
to save the reliability of networks, programs, and data from unauthorized
access. Cybersecurity mesh controls to protect the systems, networks, programs,
data, and devices from cyber-attacks. The field is of growing importance due to
increasing reliance on computer systems, including smartphones, televisions,
and the various tiny devices that constitute the Internet of things.
Cybersecurity technology and best practices protect critical systems and
sensitive information from an ever-growing volume of continually evolving
threats.
The global expenditure on
cybersecurity is increasing as it is becoming difficult to keep pace with the
rise in cybercrimes and malware attacks on governments, BFSI and healthcare
organizations. The emergence of disruptive digital technologies such as the
internet of things across various industry verticals drives the growth of the
cybersecurity mesh market. In addition, the government sector is more prone to
cyber-attacks owing to the presence of government records that are packed with
traffic documents and proprietorship statistics. The perception of e-Governance
has headed the government to focus more on information security threats. This,
in turn, is strengthening the growth of the cybersecurity mesh market. On the
other hand, the primary platform for an increase in cybercrime activities is
connectivity through the use of Big Data, cloud, social media, and mobile
services. However, the use of pirated and open-source cybersecurity solutions
is restraining the market growth over the forecast period. Furthermore, the implementation of the artificial intelligence and the advancement in blockchain
technology for cyber defense has opened several doors of opportunity for the
key players in the cybersecurity mesh market.
The COVID-19 outbreak has had an immediate effect on organizations,
changing the ways employees work and bringing with it new cyber risks. The
impact of cyber-attacks increasing and cyber security good practices may fall
by the wayside as organizations become more technology-dependent than ever.
Companies are being forced to rapidly digitalize their business models due to
Covid-19, which creates flexible and remote working environments. This creates
an opportunity for the cybersecurity sector to be responsive to the promptly
escalating increase in the number of cybersecurity attacks during the pandemic
period. Furthermore, the increasing number of businesses requiring
cybersecurity services also creates opportunities for the cybersecurity sector.
Among the geographies, North
America dominated the cybersecurity mesh market. The growth in the North
American region is due to the strong presence of several market executives
along with recent security threats. Moreover, the total number of cybersecurity
incidents reported by federal agencies in the United States has drastically
increased. Furthermore, the rising need among organizations to shrink the
misuse of the internet and address the attacks on their IT infrastructure is
anticipated to drive the cybersecurity mesh market in the North American
region. Moreover, rapid economic growth and economic stability are expected to
drive growth in the Asia Pacific region. Chinese and the Indian government are
working on deploying a robust and credible cyber security policy and action plan
which is anticipated to reduce the impact of cybercrime in the region.
Segment
Covered
The report on global cybersecurity
mesh market covers segments such as type, and application. On the basis of
type, the sub-markets include cloud based, and on-premises. On the basis of
application, the sub-markets include large enterprises and SMEs.
Companies
Profiled:
The report provides profiles of
the companies in the market such as IBM Corporation, Oracle Corporation,
Fortinet, Microsoft Corporation, Trend Micro, Stefanini Group, Exium, Smartz
Solutions, E-SPIN, and TrustMatrix.
Report
Highlights:
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of the cybersecurity mesh market. Moreover, the study highlights current
market trends and provides a forecast from 2021 to 2027. We also have highlighted
future trends in the market that will affect the demand during the forecast
period. Moreover, the competitive analysis given in each regional market brings
an insight into the market share of the leading players.
Please Choose One of them.