The Secure Access Service Edge Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Secure Access Service Edge Global Market Report 2024, 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.
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.
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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
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.
The secure access service edge market report table of contents includes:
1. Executive Summary
2. Secure Access Service Edge Market Characteristics
3. Secure Access Service Edge Market Trends And Strategies
4. Secure Access Service Edge Market - Macro Economic Scenario
5. Global Secure Access Service Edge Market Size and Growth
.....
32. Global Secure Access Service Edge Market Competitive Benchmarking
33. Global Secure Access Service Edge Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Secure Access Service Edge Market
35. Secure Access Service Edge Market Future Outlook and Potential Analysis
36. Appendix
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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.
