Secure Access Service Edge Market 2024 - By Industry Analysis, Future Prediction, Business Overview And Forecast To 2033

The secure access service edge market size has grown exponentially in recent years. It will grow from $1.89 billion in 2023 to $2.4 billion in 2024 at a compound annual growth rate (CAGR) of 27.0%. The growth in the historic period can be attributed to rise in remote work trends, growing adoption of cloud services, increasing cybersecurity threats, emphasis on network transformation, shift to zero-trust security models..

The secure access service edge market size is expected to see exponential growth in the next few years. It will grow to $6.16 billion in 2028 at a compound annual growth rate (CAGR) of 26.6%. The growth in the forecast period can be attributed to permanent hybrid work models, rapid cloud adoption, focus on user-centric security, integration with edge computing, increased demand for managed sase services.. Major trends in the forecast period include focus on edge security, integration of sd-wan capabilities, adoption of identity-centric security, utilization of micro-segmentation techniques.

Market Overview -
Secure access service edge (SASE) is a comprehensive cybersecurity framework combining network security and wide area networking (WAN) capabilities into a unified cloud-based solution. It is designed to provide users with secure access to applications and data, regardless of location, while optimizing network performance and enhancing overall security.

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Escalating Cyber Threats Fuel The Growth Of The Secure Access Service Edge (SASE) Market
The rising cyber threats are expected to propel the growth of the secure access service edge market going forward. Cyber threats refer to malicious activities and vulnerabilities in digital systems that can compromise data, privacy, and security. Growing cyber risks encourage the need for robust security solutions such as secure access service edge (SASE) to safeguard sensitive data, mitigate cyber threats, and ensure business continuity against a growing array of sophisticated attacks and breaches from various changing digital vulnerabilities. For instance, in December 2021, according to Surfshark, a Netherlands-based virtual private networks service company, around 952.8 million accounts were breached in the first 11 months of 2021, compared to 921.8 million breaches in 2020. Therefore, rising cyber threats will drive the secure access service edge market.

Competitive Landscape -
Major companies operating in the secure access service edge market report are Cisco Systems Inc., Broadcom Inc., Hewlett Packard Enterprise Development LP, VMware Inc., Fortinet Inc., Akamai Technologies Inc., Citrix Systems Inc., Check Point Software Technologies Ltd., Trend Micro Incorporated, Palo Alto Networks Inc., Okta Inc., Proofpoint Inc., Zscaler Inc., Cloudflare Inc., Cato Networks Ltd., Forcepoint LLC, Barracuda Networks Inc., Lookout Inc., Open Systems AG, WatchGuard Technologies Inc., McAfee LLC, AireSpring Inc., Versa Networks Inc., Netskope Inc., iboss Inc., Bitglass Inc., Perimeter 81 Ltd., Aryaka Networks Inc., Wandera Ltd., NordLayer Technologies AB.

Cloud-Based Technologies Transforming The Secure Access Service Edge (SASE) Landscape
Major companies operating in the secure access service edge market are focusing on developing cloud-based technologies to gain competitive advantages in the market. Cloud-based technologies integrated into the secure access service edge (SASE) network refer to the use of cloud computing and cloud infrastructure to deliver security and networking services as part of the SASE framework, as they enable the consolidation of security and networking functions into a unified, cloud-native architecture. For instance, in July 2023, Zscaler Inc., a US-based provider of cloud-based information security solutions, launched Zscaler Resilience, a new suite of capabilities designed to enhance the robustness of Zscaler's architecture and operations. These capabilities ensure uninterrupted connections between users, devices, and vital cloud applications, helping businesses prepare for and recover from unexpected disruptions. Zscaler Resilience includes advanced security and service enablement features, automatically selecting the best path for user-to-application connections. This contributes to exceptional business continuity, allowing organizations to maintain operations during challenging situations such as blackouts and brownouts.

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Key Segments -
The secure access service edge market covered in this report is segmented -
1) By Offering: Network As A Service, Security As A Service
2) By Organization Size: Large Enterprise, Small And Medium Enterprises
3) By End-User Vertical: Banking, Financial Services And Insurance (BFSI), Information Technology And Telecom, Retail, Healthcare, Government, Manufacturing, Other End-Users

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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