What is the global market size of Secure Access Service Edge Market?

Global Secure Access Service Edge Market size was valued at USD 1238.9 Million in 2022 and is poised to grow from USD 1689.87 Million in 2023 to USD 20247.3 Million by 2031, growing at a CAGR of 36.4% in the forecast period (2024-2031).

Who are the key vendors in the Global Secure Access Service Edge Market?

SecureCloud integrates its SASE platform with TeleComNet's network infrastructure, enabling customers to seamlessly access SecureCloud's security services through TeleComNet's network. The two companies collaborate on marketing campaigns to promote the combined SASE offering. This can include co-branded marketing materials, co-hosting webinars, and participation in industry events to demonstrate the benefits of their combined solutions. TeleComNet's sales team has been trained to sell SecureCloud's SASE solutions as part of their telecommunications offering. In turn, SecureCloud provides sales support and resources to help TeleComNet’s sales representatives understand and better communicate the benefits of integrated solutions. 'Barracuda Networks, Inc.', 'Cato Networks', 'Check Point Software Technologies Ltd.', 'Cisco', 'Hewlett Packard Enterprise Development LP', 'McAfee, LLC', 'Open Systems', 'Palo Alto Networks', 'Versa Networks, Inc.', 'VMware, Inc.', 'Palo Alto Networks', 'Fortinet Inc', 'Cloudflare Inc.', 'Forcepoint'

What is the key driver of Global Secure Access Service Edge Market?

Over the years, sophisticated cyberattacks have caused significant disruption to organizations, causing significant financial losses. Organizations are constantly trying to implement advanced security solutions to prevent such disruptive attacks. As well as implementing comprehensive security solutions, they also need to comply with existing government regulations on data protection. Data security guidelines play an important role in addressing a company’s growing data privacy concerns. The ever-changing threat landscape has led to the creation of numerous government regulations around the world, which companies around the world must strictly adhere to.

What is the key market trend for Global Secure Access Service Edge Market?

Increasing Cloud Adoption is Helping Secure Access Services Edge Market: The secure access service edge market is poised for significant growth owing to several factors such as increasing adoption of cloud services. Applications and workloads are moved to the cloud by organizations for their scalability, agility and cost savings. As more businesses adopt cloud computing, the need for a comprehensive and secure approach to connecting users and applications in dispersed environments increases. Secure access service edge offers an integrated solution that integrates networking and security services in the cloud, making it the ideal choice for cloud-based organizations. Ability to provide secure access remotely, on any device which guarantees remote workers can operate smoothly while maintaining high security. It can prevent cyber threats, secure web gateways and prevent data loss, provides a comprehensive and proactive approach to security, and helps to protect companies from emerging threats.

Which region accounted for the largest share in Global Secure Access Service Edge Market?

North America accounted for the largest revenue share of over 48% by 2020, is expected to continue to dominate the global market during the forecast period. Continued advancement in technology, active expenditure on IT infrastructure, increasing adoption of cloud services encourages emerging market players into regional markets. Due to this enterprise-wide cyberattack, it is driving organizational spending on IT, particularly throughout North America.

Secure Access Service Edge (SASE) Market Size, Share, Growth Analysis, By Component(Platform, Services), By Offering(Network as a Service, and Security as a Service), By Organization Size(SMEs, and Large Enterprises), By Application(IT & Telecom, BFSI, Retail & e-Commerce, Healthcare), By Region - Industry Forecast 2024-2031

Report ID: SQMIG45A2327 | Region: Global | Published Date: June, 2024
Pages: 157 | Tables: 132 | Figures: 77

Secure Access Service Edge (SASE) Market Insights

Global secure access service edge market size was valued at USD 1.23 billion in 2022 and is poised to grow from USD 1.68 billion in 2023 to USD 20.10 billion by 2031, growing at a CAGR of 36.4% in the forecast period (2024-2031).

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.

Secure Access Service Edge (SASE) Market Report Snapshots

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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. 'Barracuda Networks, Inc. (US) ', 'Cato Networks (Israel) ', 'Check Point Software Technologies Ltd. (US) ', 'Cisco (US) ', 'Hewlett Packard Enterprise Development LP (US) ', 'McAfee, LLC (US) ', 'Open Systems (Switzerland) (US) ', 'Palo Alto Networks (US) ', 'Versa Networks, Inc. (US) ', 'VMware, Inc. (US) ', 'Fortinet Inc (US) ', 'Cloudflare Inc. (US) ', 'Forcepoint (US) ', 'Akamai (US) ', 'Zscaler (US) ', 'Netskope (US) ', 'Citrix (US) ', 'Proofpoint (US) ', 'NordLayer (US) ', 'Aruba Networks (US)'

Remote working is a key trend in the global corporate landscape. This has led to a wide number of people accessing a company’s network from different parts of the world, which demands a better security solution. Secure access service edge offers help in managing security from all remote devices and minimizing the risk of data breaches.

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.

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Secure Access Service Edge (SASE) Market Insights

Secure Access Service Edge (SASE) Market Report Snapshots

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What is the global market size of Secure Access Service Edge (SASE) Market?

Who are the key vendors in the Secure Access Service Edge (SASE) Market?

What is the key driver of Secure Access Service Edge (SASE) Market?

What is the key market trend for Secure Access Service Edge (SASE) Market?

Which region accounted for the largest share in Secure Access Service Edge (SASE) Market?

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