Cybersecurity Mesh Market

Critically Growing Need for Organisational Network Security Fuels Cybersecurity Mesh Adoption

The Cybersecurity Mesh Market is valued at USD 1.8  Bn in 2026 and is projected to reach USD 6.9  Bn,  growing at a CAGR of 21% by 2033.The cybersecurity mesh, a modern conceptual approach to security architectures, enables distributed enterprises to deploy and extend security where it is most needed. It is a decentralised concept that aims at protecting the identity of users, as well as computers, and is one of the strategies that are currently witnessing strong traction. The ultimate aim is to limit the organisational network access to approved users (or systems), whether on-premises or on cloud. In theory, the cybersecurity mesh helps IT experts manage protection from each of the multiple access points while it also helps in preventing attackers from those seeking illegal access. This remains the key factor driving the demand for cybersecurity mesh in the global market over the period of forecast. In this model, policy enforcement would be performed through a cloud service for assets rather than devices. The cybersecurity mesh involves designing and implementation of IT security infrastructures that do not focus on building a single perimeter around all devices or nodes of IT networks but on establishing smaller, individual perimeters around each access point. There has been an improving level of awareness about the fact that networks have no physical boundaries, and it is organisations that need to build a security perimeter around each individual user, allowing them a secure remote access. This will remain a prominent booster to market growth.

Adoption of IoT security to increase demand in the cybersecurity market

As enterprises across verticals adopt Internet of Things (IoT)-enabled devices to improve operational efficiency, and enhance communication, IoT traffic is expected to rise in the near future. However, rapidly growing adoption of these IoT devices has also left sufficient room for potential attacks by cybercriminals. A number of organisations dealing with critical business information, and sensitive personal data are thus likely to adopt a cybersecurity mesh model. This approach allows security professionals to have greater visibility in terms of users accessing networks from various locations, accessed applications, and the exact time of access. A single IoT device is capable of making thousands of queries every day, and users in organisations have access to multiple such devices, connected within or outside networks. The huge volume of requests can sometimes prevent data security professionals from entering all the requests in security information and event management (SIEM) systems that can further block network-level visibility. To address such visibility challenges, enterprises are shifting toward cybersecurity solutions that inspect all the traffic within internal, and external networks, and detect malicious domain name system (DNS) queries. Cybersecurity mesh is thus anticipated to be in demand.

Low Cybersecurity Budget and High Installation Costs Limit Mesh Adoption among Start-ups, and Smaller Firms

Emerging start-ups typically face budgetary constraints when it comes to implementation of next-generation firewalls (NGFWs), and advanced threat protection (ATP) solutions. The lack of investments, and limited funding continue to be the key factors that are projected to restrict widespread adoption of cybersecurity solutions like mesh, especially by small firms in developing economies. Lesser financial capabilities lead to a dearth of proper IT security infrastructure in these firms, resulting in gradual adoption of newer technologies, and effective enterprise security solutions. Small enterprises are burdened with the proper management of planned budget funds for various operational challenges and business continuity planning, which makes it difficult for them to readily opt for cybersecurity mesh as a security solution.

Design and Implementation Difficulties Prevail in Deployment of Cybersecurity Solutions

Deploying a cybersecurity model on a new or existing infrastructure has various design and implementation challenges. The model enforces IT teams in enterprises to rethink on their network security to transform from the network perimeter-based approach into user-based, and application-based security models. Redesigning, and redeploying web- and mobile-based applications can become exhaustive, and time-consuming. While most networks are not designed keeping cybersecurity in mind, upgrading to a cybersecurity model requires an in-depth network analysis of hardware, services, and traffic. Re-modeling networks using a particular cybersecurity model requires an accurate and clear understanding of every user, device, application, and resource.

Global Market Leaders in Cybersecurity Mesh Landscape

Some of the leading market players include IBM, Oracle, Fortinet, Microsoft, and Trend Micro. Apart from enhanced geographical presence, strategic investments, partnerships, and significant R&D activities will remain the priority moves of the key companies in the global cybersecurity mesh market. These strategies have been contributing to the hefty deployments of cybersecurity solutions over the recent past. E-SPIN, Stefanini Group, Exium, Smartz Solutions, and TrustMatrix are some other prominent players operating in the global cybersecurity mesh market landscape.

Recent Notable Developments

• In October 2020, IBM Security announced new and upcoming capabilities for Cloud Pak for Security, that includes a data security solution that enables companies to detect, respond, and protect from threats to their most sensitive data across hybrid cloud environments.
• In February 2020, Oracle, and Microsoft expanded their cloud collaboration with a new cloud interconnect location in Amsterdam (Netherlands) that would enable these businesses to share data across applications running in Microsoft Azure, and Oracle Cloud.
• In June 2020, Microsoft partnered with SAS to bring cloud-based SAS industry solutions to its customers.
• In July 2020, Google Cloud announced two new security offerings, Confidential VMs and Assured Workloads for governments to provide customers with advanced security tools to support compliance and data confidentiality.

Key Players 

• Palo Alto Networks
• Cisco Systems, Inc.
• IBM Security
• Fortinet, Inc.
• Check Point Software Technologies
• Trend Micro Inc.
• Splunk Inc.
• Microsoft Corporation
• CyberArk Software
• Okta, Inc.
• Zscaler, Inc.
• CrowdStrike, Inc.
• RSA Security (Dell Technologies)
• Sophos Ltd.
• FireEye (Trellix)

Global Cybersecurity Mesh Market Segmentation

By Offering:

• Software
• Services

By Vertical:

• BFSI
• Healthcare
• Government and Defense
• IT and Telecom
• Retail and E-commerce
• Manufacturing
• Energy and Utilities
• Transportation and Logistics

By Deployment Type:

• Cloud
• On-premises

Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa