Cybersecurity Mesh Market to reach $5 Bn by 2032, Says

Selbyville, Delaware, Oct. 29, 2023 (GLOBE NEWSWIRE) —

The cybersecurity mesh market valuation is expected to surpass USD 5 billion by 2032, as reported in a research study by Global Market Insights Inc.

Increasing advancements in the IT environment are predicted to have a positive impact on the industry outlook. Modern IT ecosystems are becoming more complex and interconnected, with a combination of on-premises systems, cloud services, mobile devices, and IoT devices. Traditional perimeter-based security approaches are no longer sufficient to protect these diverse systems. This has pushed the use of cybersecurity mesh for more adaptable and context-aware security models that can protect these complex environments effectively.  

The cybersecurity mesh market from the SMEs segment is set to generate substantial revenues by 2032, owing to increasing adoption cloud-based technologies in organizations to streamline their operations and reduce costs. These cloud-based solutions, however, expose the firms to new security risks. This is bolstering the demand for cybersecurity mesh solutions for cloud-native security capabilities, allowing SMEs to secure their cloud environments effectively.

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The cybersecurity mesh market share from government segment is slated to witness remarkable growth between 2023 and 2032, driven by the vast amount of sensitive data government agencies possess. The cybercriminals, state-sponsored hackers, and other malicious actors often attempt to breach government systems to gain access to classified information or disrupt critical infrastructure. This has prompted governments to invest heavily in cybersecurity solutions, including cybersecurity mesh, to protect their networks, systems, and data, adding to industry share.

Europe cybersecurity mesh market is estimated to grow massively through 2032, attributed to the digital transformation across various sectors, including finance, healthcare, manufacturing, and government services in the region. The governments across the region have implemented strict data protection regulations such as…