USD 1.23 billion
Report ID:
SQMIG45A2327 |
Region:
Global |
Published Date: June, 2024
Pages:
157
|Tables:
132
|Figures:
77
Secure Access Service Edge (SASE) Market size was valued at USD 1.68 Billion in 2023 and is poised to grow from USD 2.29 Billion in 2024 to USD 27.42 Billion by 2032, growing at a CAGR of 36.4% during the forecast period (2025-2032).
Secure access service edge refers to the amalgamation of network connectivity and security functions into a single service platform. The use of secure access service edge helps companies avoid latency issues and helps in managing the amount of traffic that has access to the internet thereby improving the overall security for organizations. Surging incidence of cyberattacks and data breaches around the world and high investments in the development of novel security solutions are also contributing to the secure access service edge market development. From governments to military & defense organizations, almost all companies are projected to opt for secure access service edge solutions in the long run. However, complexity in migration and vendor lock-in period are estimated to be the key restraints impeding secure access service edge adoption.
US Secure Access Service Edge (SASE) Market is poised to grow at a sustainable CAGR for the next forcast year.
Global Market Size
USD 1.23 billion
Largest Segment
Platform
Fastest Growth
Services
Growth Rate
36.4% CAGR
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The global secure access service edge market is segmented based on component, offering, organization size, application, and region. Based on component, the market is segmented into platform (SD-WAN, cloud security, zero-trust access network, secure web gateway), and services (consultation, training services). Based on offering, the market is segmented into network as a service and security as a service. Based on organization size, the market is segmented into SMEs and large enterprises. Based on application, the market is segmented into IT & telecom (secure remote access, secure cloud access, protection of sensitive data), healthcare (secure remote access, protection of patient data, secure cloud access), BFSI (security control and monitoring, secure remote access, secure mobile access), retail & E-commerce (protection of customer data, secure point of sale, secure remote access), government (secure remote access, secure cloud access, network segmentation), others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Organization Size
Large enterprises are projected to account for a major chunk of the global secure access service edge market share. High spending potential and the need for streamlining security operations are estimated to help this segment account for a dominant stance in the global market. Growing adoption of cloud platforms and technologies by large enterprises will also create new opportunities for secure access service edge companies in the future.
Meanwhile, the demand for secure access service edge from small and medium enterprises (SMEs) is projected to increase at a rapid CAGR across the forecast period. Rising emphasis on using cloud platforms and growing spending on security are helping this segment boost market development.
Analysis by Offering
Security as a service segment is projected to account for a dominant share of the global secure access service edge market. The rising emphasis on ensuring secure access to all applications on cloud or on-premises is projected to help this segment maintain its high market share. Use of security as a service also simplifies the whole security operations for organizations thereby promoting market growth as well.
Meanwhile, the network as a service segment is slated to emerge as the fastest expanding one over the coming years. Proactive maintenance and predictable costing are key benefits of the network as a service segment that are estimated to help market development via this segment. High flexibility and scalability offered by network as a service will also create new opportunities for secure access service edge companies in the future.
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High spending of all organizations on improving their security is helping North America secure a top spot in the global secure access service edge market. Rising prevalence of cyberattacks and increasing complexity of networks and IT infrastructure are also estimated to promote the adoption of secure access service edge going forward. The United States is slated to be the top country for any secure access service edge provider looking to establish themselves in the North American region. Moreover, high emphasis on regulatory compliance will also help promote secure access service edge adoption in this region.
Asia Pacific is estimated to be the most opportune region for secure access service edge market players in the future. Rapid digitization and rising awareness regarding cybersecurity are primarily driving secure access service edge demand outlook in this region. China, Japan, South Korea, and India are investment-worthy markets for secure access service edge companies operating in the Asia Pacific region. Expansion of network infrastructure and growing cloud adoption are also creating new business scope for secure access service edge companies going forward.
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Secure Access Service Edge (SASE) Market Drivers
Rising Number of Remote Workers
Migration on Cloud
Restraints
Vendor Lock-in
Complexity in Migration
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Secure access service edge companies need to stay updated with the latest security threats and trends to keep their products relevant. Improving the capabilities of access without compromising security will be a priority for all secure access service edge companies. Collaborations, mergers, and acquisitions will be perfect strategies for established market players looking to maximize their market presence. Launching new and updated secure access service edge solutions will be a top priority for new as well as leading secure access service edge providers in the future.
Top Player’s Company Profiles of Secure Access Service Edge (SASE) Market
Recent Developments of Secure Access Service Edge (SASE) Market
Zero Trust Approach: Opting for a zero-trust model to create a new secure access service edge offering will provide many opportunities for all market players in the future. Continuous verification through zero trust models helps further enhance the security of secure access service edge offerings.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, growing emphasis on improving security and rising migration towards cloud platforms are projected to bolster the demand for secure access service edge over the coming years. However, complexity in migration, scalability limitations, and vendor lock-in are estimated to be the key constraints limiting market growth potential. Rising spending on security and the growing incidence of cybersecurity are contributing to the high demand for secure access service edge in the North American region. Security as a service offering is projected to be highly sought-after on a global level going forward. Focusing on opting for a zero-trust approach and integrating artificial intelligence will create new opportunities for all secure access service edge providers in the long run.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 1.23 billion |
Market size value in 2031 | USD 20.10 billion |
Growth Rate | 36.4% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Secure Access Service Edge (SASE) Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Secure Access Service Edge (SASE) Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Secure Access Service Edge (SASE) Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Secure Access Service Edge (SASE) Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG45A2327
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