Global edge security set to expand at almost 22% CAGR to 2034

Newark, De

The global edge security market is anticipated to reach a valuation of US$ 24.0 billion in 2024, driven by partnerships and collaborations. The trend identified by Sudip Saha, Managing Director at Future Market Insights is expected to create new opportunities for the market, leading to a projected CAGR of 21.9% between 2024 and 2034, and reaching a total valuation of US$ 174.0 billion by 2034.

Organisations require centralised management and orchestration capabilities to ensure consistent security policies and enforcement across edge, cloud, and on-premises environments. Edge-to-cloud security orchestration platforms enable unified visibility, control, and automation of security workflows across distributed infrastructure.

The adoption of the Edge Security as a Service model enables organisations to leverage cloud-based security offerings tailored to edge computing environments. SECaaS solutions provide scalable, subscription-based security services, including threat detection, incident response, and compliance management, without the need for upfront infrastructure investment.

Data privacy regulations and compliance requirements mandate robust security measures to protect sensitive data processed at the edge. Edge security solutions that incorporate data encryption, anonymisation, and access controls help organisations achieve regulatory compliance while safeguarding data privacy.

According to the new report, various industry verticals such as manufacturing, energy, retail, and telecommunications are increasingly adopting edge computing to enable real-time data processing and decision-making. Edge security solutions tailored to specific industry requirements, such as industrial IoT security, energy grid security, and retail edge security, are in high demand.

The proliferation of edge devices, including smartphones, tablets, IoT devices, and connected appliances, increases the complexity of securing the edge ecosystem. Edge security solutions that provide device identity management, authentication, and integrity verification help mitigate security risks associated with diverse and decentralised edge device fleets.

The following are some of the key takeaways from the research

  • The global edge security market was valued at US$ 19.2 billion in 2023.
  • From 2019 to 2023, the market demand expanded at a CAGR of 25.9%.
  • The market in Japan is expected to expand at a CAGR of 23.1% through 2034.
  • By component, the solution segment accounts for a CAGR of 21.6% through 2034.
  • The absolute dollar growth of the market is projected to reach a value of US$ 150.0 billion during the forecast period.

“Integration of threat intelligence feeds and security analytics platforms enables organizations to correlate and analyse security events across edge and cloud environments. These help proactively identify and mitigate security threats in real-time, enhancing security posture and incident response capabilities,” concludes Sudip Saha, managing director at Future Market Insights (FMI).


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