The global secure access service edge market size is expected to reach USD 11.29 billion by 2028, registering a CAGR of 36.4% from 2021 to 2028, according to a new study conducted by Grand View Research, Inc. The existing networking technologies are complex and difficult to manage but easy for cybercriminals to intrude. The growing preference for remote working practices, increase in traffic across public clouds, and the rising dependence on data centers are further adding to the data security risks. At this juncture, the growing demand for ensuring secure access to data and networks is driving the need for advanced network approaches and technologies. The subsequent need for a unified and simplified approach to strengthen network security has resulted in the emergence of SASE.
Secure Access Service Edge Market Report Highlights
- The platform segment accounted for over 70% of the overall revenue share in 2020 as the growing preference for remote working continued to drive the demand for a unified security solution that can offer the capabilities of several network security services
- The demand for SASE was higher among IT & telecom enterprises in 2020 as the need to filter contents across edges and ensure efficient security framework management continued to drive the adoption of SASE among IT & telecom organizations
- North America dominated the global market in 2020 and is expected to remain dominant over the forecast period
- Aggressive IT spending, effective implementation of security standards, and the continued rollout of the digital workforce by organizations across the U.S. and Canada are some of the factors that are expected to drive the regional market
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SASE architecture comprises the capabilities of network security services, such as Zero Trust, FWaaS, and CASB, and software-defined WAN capabilities, combined in a unified platform to help organizations in ensuring easy and secure access to data and networks. SASE architecture simplifies the IT infrastructure and frees organizations from the burden of managing and periodically updating multiple security systems. SASE architecture also allows organizations to save on the costs incurred on procuring multiple security solutions and helps them in the quick implementation of data protection policies. All such benefits are driving the popularity of SASE frameworks among enterprises.
The COVID-19 pandemic and the subsequent restrictions on the movement of people imposed by various governments across the world have prompted organizations to switch to a remote working model. However, the remote working model has also triggered challenges related to managing the productivity of a flexible workforce and security governance. Organizations are also exposed to higher levels of cybersecurity risks than ever. As a result, organizations are looking forward to implementing robust security frameworks. The growing need to establish effective security frameworks while ensuring convenient access to information for employees using an integrated approach is expected to drive the adoption of SASE frameworks.
Applications Segment Analysis
IT companies continued to scout for unified and secure networking and access solutions as part of their efforts to switch to a cloud-based infrastructure and introduce digital applications to drive business growth. On the other hand, telecom companies also continued to spend aggressively on robust security frameworks as their services are mostly related to data transfer. The increasing instances of cyberattacks on the healthcare IT infrastructures are particularly driving the need for advanced security frameworks that can ensure easy and convenient communication between patients are caregivers while ensuring the security of critical patient data and protection of patient privacy. Such factors are expected to drive the demand for SASE frameworks in the healthcare industry.
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Regional Analysis
North America accounted for the highest revenue share and is expected to continue dominating the global market. The rising instances of cyberattacks targeting large enterprises and the adverse impact of these cyberattacks on the overall business are particularly driving the organizational IT spending across North America. Asia Pacific is expected to register a fastest CAGR over the forecast period. The aggressive spending on ensuring the security of the IT infrastructure by organizations in China, India, and Japan is expected to drive the growth of the regional market.
Major Companies in the Secure Access Service Edge Market
- 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.
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Grand View Research has segmented the global secure access service edge market on the basis of component, application, and region:
Table of Contents
Table 1 List of Abbreviation
Table 2 SASE market, 2020 - 2028 (USD Million)
Table 3 SASE market, by region, 2020 - 2028 (USD Million)
Table 4 SASE market, by component, 2020 - 2028 (USD Million)
Table 5 SASE market, by application, 2020 - 2028 (USD Million)
Table 6 Global platform, by region, 2020 - 2028 (USD Million)
Table 7 Global services, by region, 2020 - 2028 (USD Million)
Table 8 Global IT & telecom, by region, 2020 - 2028 (USD Million)
Table 9 Global BFSI, by region, 2020 - 2028 (USD Million)
Table 10 Global manufacturing, by region, 2020 - 2028 (USD Million)
Table 11 Global retail & e-commerce, by region, 2020 - 2028 (USD Million)
Table 12 Global healthcare, by region, 2020 - 2028 (USD Million)
Table 13 Global government, by region, 2020 - 2028 (USD Million)
Table 14 Global energy & utilities, by region, 2020 - 2028 (USD Million)
Table 15 Global others, by region, 2020 - 2028 (USD Million)
Table 16 North America SASE market, by component, 2020 - 2028 (USD Million)
Table 17 North America SASE market, by application, 2020 - 2028 (USD Million)
Table 18 The U.S. SASE market, by component, 2020 - 2028 (USD Million)
Table 19 The U.S. SASE market, by application, 2020 - 2028 (USD Million)
Table 20 Canada SASE market, by component, 2020 - 2028 (USD Million)
Table 21 Canada SASE market, by application, 2020 - 2028 (USD Million)
Table 22 Europe SASE market, by component, 2020 - 2028 (USD Million)
Table 23 Europe SASE market, by application, 2020 - 2028 (USD Million)
Table 24 The U.K. SASE market, by component, 2020 - 2028 (USD Million)
Table 25 The U.K. SASE market, by application, 2020 - 2028 (USD Million)
Table 26 Germany SASE market, by component, 2020 - 2028 (USD Million)
Table 27 Germany SASE market, by application, 2020 - 2028 (USD Million)
Table 28 Asia Pacific SASE market, by component, 2020 - 2028 (USD Million)
Table 29 Asia Pacific SASE market, by application, 2020 - 2028 (USD Million)
Table 30 China SASE market, by component, 2020 - 2028 (USD Million)
Table 31 China SASE market, by application, 2020 - 2028 (USD Million)
Table 32 India SASE market, by component, 2020 - 2028 (USD Million)
Table 33 India SASE market, by application, 2020 - 2028 (USD Million)
Table 34 Japan SASE market, by component, 2020 - 2028 (USD Million)
Table 35 Japan SASE market, by application, 2020 - 2028 (USD Million)
Table 36 Latin America SASE market, by component, 2020 - 2028 (USD Million)
Table 37 Latin America SASE market, by application, 2020 - 2028 (USD Million)
Table 38 Brazil SASE market, by component, 2020 - 2028 (USD Million)
Table 39 Brazil SASE market, by application, 2020 - 2028 (USD Million)
Table 40 Mexico SASE market, by component, 2020 - 2028 (USD Million)
Table 41 Mexico SASE market, by application, 2020 - 2028 (USD Million)
Table 42 MEA SASE market, by component, 2020 - 2028 (USD Million)
According to a research report "Secure Access Service Edge Market with COVID-19 Impact Analysis, by Offering (Network as a Service and Security as a Service), Organization Size (SMEs and Large Enterprises), Vertical, and Region - Global Forecast to 2026" published by MarketsandMarkets, in the post-COVID-19 scenario, the global secure access service edge (SASE) market size is projected to grow from USD 1.2 Billion in 2021 to USD 4.1 Billion by 2026, recording a Compound Annual Growth Rate (CAGR) of 26.4% from 2021 to 2026.
Key factors that are driving the market growth include the growing preference for remote working in the wake of the outbreak of the COVID-19 pandemic, coupled with the rising need for a unified network security architecture with the capabilities of SD-WAN, FWaaS, SWG, CASB, and ZTNA solutions.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=220384224By offering, Security as a service segment is expected to grow at a higher CAGR than the Network as a service (NaaS) segment during the forecast period.According to Zscaler, Security as a service is a way to deliver security technologies, which are traditionally found in enterprise data centers or regional gateways, as a cloud service.
Security as a service has become an important enabler of business in the world because it provides secure access to applications and services, no matter where they are hosted or where users connect.
NaaS services can range from managed software-defined WAN (SD-WAN) and network access, including wireless to security, unified communications services, and more, either in a public cloud or on virtualized customer premise equipment (vCPE).Based on Vertical, BFSI segment is estimated to lead the market in 2021.The BFSI vertical has been at the forefront in adopting SD-WAN, as it enables the banking institutions to provide a broad spectrum of services to customers at sustainable costs.
The BFSI vertical is facing bandwidth and security issues while connecting regional offices such as branch offices and data centers.
The SASE platforms have built-in security features that secure hybrid networks for widespread use.By region, North America is expected to account for the largest market share during the forecast period.The North American region has the presence of several prominent market players delivering advanced solutions to all the industry verticals in the regions.
