Edge Security Market Size

Edge Security Market Size

Edge Security Market size exceeded USD 15 billion in 2022 and is anticipated to expand at more than 15% CAGR between 2023 and 2032, owing to the high emphasis on multi-cloud computing.

A multi-cloud approach has become a standard among global organizations. Based on the Flexera 2022 State of the Cloud Report, 89% of respondents reported adopting a multi-cloud strategy. Given that cloud systems are at high risk of unauthorized access and cyber-attacks, such trends will boost consumer interest in edge computing security solutions.

To address security concerns at the perimeter of cloud networks, software companies have also enhanced their product offerings. Citing an instance, in September 2022, Netskope announced improvements to the firewall-as-a-service component, Netskope Cloud Firewall, of its SASE platform to aid customers in simplifying operations and preventing threats. Cloud edge security system developments such as these, alongside the strong demand for quality video content and real-time digital experiences, will augment the need for CDNs and consequently drive the edge security market growth.

Edge solutions can ensure latency reduction and optimize CDN performance, allowing users to gain rapid access to content. However, the increasing adoption of digital tech has made organizations more distributed, with a range of endpoints across remote offices and other locations. The concerns regarding highly distributed environment management may thus impede industry progress to a certain extent.