Cybersecurity Mesh Market (Type - Cloud Based, and On-premises; Application - Large Enterprises, and SMEs): Global Industry Analysis, Trends, Size, Share and Forecasts to 2027

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.

Market Insight

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.