Multi-layered Security Market Size (2022 – 2030)

The global Multi-layered Security Market size was USD 7.82 billion in 2022 and is estimated to grow to USD 11.42 billion by 2030. This market is witnessing a healthy CAGR of 4.85% from 2023 - 2030. Cyber attacks and global internet security concerns are majorly driving the growth of the industry.

Industry Overview:

Layered security refers to safety systems that use a couple of components to shield operations on a couple of levels or layers. This period can additionally be associated with the term protection in depth, which is based on a barely different thought place more than one technique and sources are used to slow, block, extend or restrict a chance till it can be neutralized. Growing IT and telecom infrastructure throughout the globe is a principal using component in the back of growth of the market.

Growing technological development in the network automation and excessive adoption of cloud computing-based services, increasing cyber-crimes and rising requirement for crime forecast and prevention methods, a surge in the demand for statistics loss prevention security, electronic mail security, cellular security, utility safety, and other kinds of community security, expanded adoption of multi-layer protection in monetary institutions to shield confidential data and development of new superior applied sciences such as IoT and big data analytics are predicted to enhance the growth of the market at some point of the forecast period. The multi-layer safety affords some advantages such as security from assault through files, e-mail attachments, links, adware, apps, and more, DNS-level safety to protect in opposition to threats originating at the community degree, and virus and malware protection, which are finally propelling the growth of world multi-layer safety market.

COVID-19 impact on the Multi-layered Security Market 

Due to the COVID-19 pandemic, according to World Bank statistics, global GDP has reduced in size by about 3.5% in 2020. Entering 2022, Economic endeavor in many countries has started to recover and are partially tailored to pandemic restrictions. The lookup and improvement of vaccines have made breakthrough progress, and many governments have additionally issued several policies to stimulate monetary recovery, particularly in the United States, which is in all likelihood to supply a robust increase to financial recreation but prospects for sustainable increase range extensively between international locations and sectors.

MARKET DRIVERS:

The increasing Number of E-Commerce Platforms is driving the growth of the market

Internet protection solutions in connected network infrastructure have bolstered as e-commerce structures and artificial intelligence, cloud technology, and blockchain have emerged. Furthermore, e-commerce businesses are concentrating on integrating network safety options into their IT and digital security systems. The demand for community protection options is expanding as these applied sciences are increasingly adopted to combat cyber-attacks. The demand for revolutionary solutions is expanding dramatically as the quantity of net security threats increases, this element may also obstruct the international cyber safety market growth.

MARKET RESTRAINTS:

The shortage of skilled technicians is restraining the growth of the market

technology needs some trained people to set up. The lack of these people in undeveloped countries is slowly impeding the demand in the market. There is a high demand for professionals here in the market. but they lack the necessary skill. Also, high cost related to the market is restraining the growth of the market

Multi-layered Security Market Report Coverage:

This research report on the global Multi-layered Security Market has been segmented and sub-segmented based on type, application, and region.

Multi-layered Security Market - By Type:

• Proactive

• Reactive

• Detective

By type, a proactive segment is projected to witness a fast boom at a CAGR of 5.6% throughout the forecast period. Proactive multi-layer safety is designed to end new threats before they start. Proactive safety measures viable threats and saves the business or business enterprise from experiencing devastating events. High adoption of a proactive multi-layer safety machine in quite some industries to avoid conceivable threats is using the growth of the market. According to research, ~73 percent of IT groups have been impacted by a security tournament in the previous year. These attacks include phishing, spyware or adware attacks, insider data breaches, and even outsider nation-state attacks. To avoid these sorts of cyber threats, agencies are making use of proactive more than one layer of detection and safety applied sciences to discover and take away troubles before they appear, which is finally propelling the boom of the market throughout the forecast period.

Multi-layered Security Market - By Deployment:

• Cloud

• on-premise

By deployment, the cloud phase dominated the market in 2021 and is predicted to preserve its dominance at a CAGR of 4.5% all through the forecast period. The rising recognition of cloud computing applied sciences among small and large agencies is driving the boom of the market. A multi-layer safety system has every layer of cloud computing protected. Cloud-enabled multi-layer protection includes the technology and tactics which defend cloud computing environments against each interior and exterior cyber protection threat. It is mostly designed to stop unauthorized get admission to hold purposes and information in the cloud secure from rising and cutting-edge cybersecurity threats. 

Multi-layered Security Market - By Region:

• North America

• Europe

• Asia-Pacific

• Latin America

• The Middle East

• Africa

Geographically, Asia Pacific is anticipated to make bigger at an exponential rate. Countries such as China, India, and Korea are predicted to develop at a fast pace. The increase is due to a make bigger in the wide variety of provider vendors as properly as expanded authorities and global investor investments in many security projects. According to a lookup published with the aid of the web protection company Symantec Corporation, India was once ranked among the top ten countries in the world for combating secure web gateway crimes in 2021.

 The Cyber Security Market in the Middle East & Africa, and South America regions are expected to upward thrust significantly. This expansion is attributable to multiplied government and private sector funding in international locations such as the Gulf Cooperation Council, South Africa, and others. Furthermore, as sizable actors embrace extra strategies such as mergers and collaborations, safety solutions will improve.

 Multi-layered Security Market Share by company

1. Cisco
2. IBM
3. Fortinet
4. Proofpoint
5. Microsoft
6. Palo
7. Zscalar

A significant rival in the global market, Cisco Systems, Inc., is focusing on enhancing its network capabilities by integrating cutting-edge technologies like machine learning and advanced analytics. A variety of internet security solutions from Cisco Systems are based on industries associated with networks. Some of the services offered include superior threat protection, email security, network, and data center security, unified threat management, advising, access and policy, integration, and managed services. The key market players put a lot of effort into organic development methods like in-depth research and development work to enhance technology and introduce new security solutions to the market. To increase market presence, additional strategies include alliances, partnerships, purchases, and so on.

NOTABLE HAPPENINGS IN THE GLOBAL MULTI-LAYERED SECURITY MARKET IN THE RECENT PAST:

• Product Launch - In April 2021, IBM Corporation established IBM Security X-Force, a threat intelligence task force tasked with detecting cyber-attacks. In six countries, the company launched a global phishing effort.
• Acquisition - Check Point Software Technologies announced the acquisition of Cymplify in 2019 to integrate the former company’s IoT solutions.