08 October 2022
Douglas Insights has added cybersecurity mesh market research reports into its comparison engine to allow businesses, market analysts, economic researchers, and other interested candidates to compare various market research reports. The comparison engine employs basic information such as report pricing, publisher name and rating, and table of contents to estimate and evaluate which report would be the best fit for clients. All the market research reports on cybersecurity mesh discuss the market growth factors, growth inhibitors, and recent trends to educate clients comprehensively about the market.
Cybersecurity mesh is a multi-cloud architecture designed using different firewalls to defend against cybersecurity attacks on each device within a particular boundary. The conventional cybersecurity methods are aimed at securing IT systems, but cybersecurity mesh takes it a step further with its modular approach. The scalable architecture allows control over a vast area and a wide range of networks, making the system more centralized. Yet the decentralized approach is aimed at each device, making it more focused.
During the Covid-19 pandemic, numerous businesses went digital and ran their operations online. However, many of these businesses weren’t aware of the severity of cyberattacks being new in the market. Since the pandemic, the world has seen a rise in cyberattacks as businesses have taken a digitalized approach to their daily operations. Therefore, there’s been a rise in the cybersecurity mesh market as well as small and large enterprises are gradually learning the severe nature of cyber threats and the importance of a comprehensive and robust solution to fight back against the attacks. A need for widespread awareness regarding the issue is still prevalent in some parts of the world.
As data security faces new threats, businesses are adopting cybersecurity mesh solutions for creating a holistic network of security. The cyber scam is becoming more prevalent, and new flexible policies such as bringing your own device make the system and network of information flow more prone to cyberattacks. Since the retail and financial sectors are asking for more robust solutions regarding the cybersecurity of sensitive data, the market is showing incredible growth at a CAGR of 14.1% from 2021 to 2026.
The costs associated with the deployment of cybersecurity mesh are pretty high. This issue has discouraged various small enterprises from pursuing promising technology due to financial restraints. Moreover, the lack of proper IT infrastructure across the globe has also brought numerous concerns regarding the growth of the cybersecurity mesh market. Even if the infrastructure were to be improved, a significant capital resource would also be needed to train employees regarding the operation of devices and systems to ensure the proper working of cybersecurity mesh.
The cybersecurity mesh market is segmented by application, deployment, and geographical location. Due to the widespread use of IoT in the US, North America is the leading region in the cybersecurity mesh market. The rise of cybercrime, such as phishing, is also prevalent in the region, increasing the urgency in the adoption of cybersecurity mesh solutions. Moreover, Asia Pacific is also set to bring new trends in the market and contribute to its growth, as highly populated nations such as China and India are also facing new cybercrime threats due to increased internet and social media use.
Gartner, Oracle, CrowdStrike, Palo Alto Networks, Stefanini, and IBM are significant companies contributing to cybersecurity mesh’s market growth. Furthermore, Bocasay, Exium, Infoblox, E-Spin, TrustMatrix, and Proofpoint are also set to change the trends in the market.
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