The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

Market Overview

• Impressive Recent Growth: The cybersecurity mesh market size has seen rapid expansion, growing from $68.18 billion in 2023 to $78.58 billion in 2024 at a compound annual growth rate (CAGR) of 15.3%.
• Historical Growth Factors:
  • Increased cyber threats.
  • Regulatory compliance requirements.
  • Cybersecurity skills gap.
  • Challenges in incident response.
  • Digital transformation initiatives.

Future Market Projections

• Continued Expansion: The market is expected to reach $139.25 billion by 2028, growing at a CAGR of 15.4%.
• Key Future Growth Drivers:
  • Mitigation of ransomware threats.
  • Security needs of edge computing.
  • Enhanced regulatory focus on cybersecurity.
  • Security for hybrid workforces.
  • Continuous authentication requirements.
  • Preparedness for quantum computing.

View More On The Cybersecurity Mesh Market Report 2024 – https://www.thebusinessresearchcompany.com/report/cybersecurity-mesh-global-market-report

Emerging Trends in Cybersecurity Mesh

• Zero Trust Security Models: Increasing adoption of zero trust frameworks.
• Cloud-Native Security: Enhanced focus on security solutions designed for cloud environments.
• API Security: Growing importance of securing application programming interfaces.
• Threat Intelligence Integration: Improved integration of threat intelligence into security frameworks.
• Automation and Orchestration: Increased use of automation to streamline and enhance security processes.
• Behavioral Analytics: Utilization of behavioral analytics to detect and respond to anomalies.

Escalating Cybersecurity Threats Drive Market Growth

• Rising Cyberattacks: The surge in cyberattacks is a major driver for the cybersecurity mesh market.
  • Cyber-attacks involve illicit access to computer systems to cause harm.
  • Cybersecurity mesh provides a unified security framework across systems and access points.
• Recent Statistics:
  • In March 2023, the FBI received 800,944 reports of cybercrime, with potential damages rising to $10.2 billion in 2022, up from $6.9 billion in 2021.
  • According to Positive Technologies, cyberattacks increased by 17% in Q1 2021 compared to Q1 2020.

Leading Companies in the Cybersecurity Mesh Market

• Prominent Players:
  • Trend Micro Inc.
  • Oracle Corporation
  • Fortinet Inc.
  • Microsoft Corporation
  • SonicWall
  • Palo Alto Networks
  • Zscaler
  • Ivanti
  • Cato Networks
  • SailPoint Technologies Inc.
  • Check Point Software Technologies Ltd.
  • Cisco Systems Inc.
  • McAfee Corp.
  • Trellix

Technological Advancements in Cybersecurity Mesh

• Adoption of Automation: Companies are leveraging automation to enhance security.
  • Automation helps in quicker detection and response to threats.
• Case Study – BeyondTrust:
  • In June 2022, BeyondTrust launched Password Safe 22.2 and BeyondInsight 22.2.
  • Password Safe automates password management, reducing risks.
  • BeyondInsight automates vulnerability scanning and analysis, enhancing security.

Strategic Acquisitions in the Cybersecurity Mesh Market

• VMware’s Acquisition of Mesh7:
  • In March 2021, VMware acquired Mesh7 to bolster its API security capabilities.
  • Mesh7 provides runtime cloud application security.
  • This acquisition enhanced VMware’s visibility and security for APIs.

Market Segmentation

• By Offering: Solutions, Services.
• By Deployment Type: Cloud-Based, On-Premises.
• By Application: Large Enterprises, Small and Medium Enterprises.
• By Vertical:
  • IT and ITeS.
  • Banking, Financial Services, and Insurance (BFSI).
  • Healthcare.
  • Energy and Utilities.

Regional Insights

• North America Leadership: North America was the largest region in the cybersecurity mesh market in 2023, highlighting its significant investment and adoption of advanced cybersecurity measures.

The cybersecurity mesh market is poised for significant growth, driven by rising cyber threats, technological advancements, and strategic acquisitions. As organizations continue to navigate the complexities of digital transformation and cyber risks, the adoption of robust cybersecurity mesh strategies will be crucial in safeguarding their digital assets and ensuring business continuity.

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The Cybersecurity Mesh Global Market Report 2024  provides comprehensive insights on the cybersecurity mesh market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the cybersecurity mesh market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –
Cybersecurity Global Market Report 2024
Cybersecurity Services Global Market Report 2024
DDoS Protection And Mitigation Global Market Report 2024
 

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