A recent report by Future Market Insights (FMI) forecasts a significant surge in the global edge security market, which is expected to soar from $24.0 billion in 2024 to an impressive $174.0 billion by 2034. This growth is driven by a strong compound annual growth rate (CAGR) of 21.9%.
A key factor behind this expansion is the growing demand for partnerships and collaborations in the sector, opening up new market opportunities. Organizations are increasingly prioritizing centralized management and orchestration to maintain consistent security policies across various environments.
The rise of Edge Security as a Service (SECaaS) models is further fueling this growth, offering cloud-based security services specifically designed for edge computing. These scalable, subscription-based solutions cater to the evolving security needs of modern businesses.
In addition, stricter data privacy regulations and compliance requirements are pushing organizations to invest in edge security solutions with advanced features such as data encryption and access control. This is especially relevant as industries like manufacturing, energy, retail, and telecommunications adopt edge computing for real-time data processing and decision-making.
The growing complexity of securing the edge ecosystem, driven by the rapid proliferation of edge devices, is another growth factor. Solutions offering device identity management, authentication, and integrity verification are in high demand, helping to effectively mitigate security risks.
In 2023, the global edge security market was valued at $19.2 billion, reflecting a strong expansion with a CAGR of 25.9% between 2019 and 2023. Looking ahead, Japan’s edge security market is expected to grow significantly, with a projected CAGR of 23.1% through 2034. The solution component of the market is also set to grow at a CAGR of 21.6% over the same period.
However, while the global edge security market is forecasted to grow by $150 billion during the projection period, the United Kingdom is predicted to experience stagnant growth, with a CAGR of 0% through 2034.
Sudip Saha, Managing Director at FMI, emphasizes the importance of integrating threat intelligence feeds and security analytics platforms. These tools enable organizations to analyze and correlate security events across edge and cloud environments, improving real-time threat detection and incident response capabilities.
Among key industry developments, Fortinet’s release of FortiOS 7.2 in 2022 is notable, introducing over 300 new features to enhance security across network edges.
