The secure access service edge (SASE) market comprises network and application security solutions that enable organizations to provide secure and seamless access to applications and data from any location. The SASE framework consolidates core WAN edge functions such as security, routing, WAN optimization, among others. It delivers complete network and security services through cloud delivered edge computing platform. SASE removes the boundaries between network and security operations and provides network and application security as fully managed cloud services.
The global SASE Market is estimated to be valued at US$ 8 Billion in 2024 and is expected to exhibit a CAGR of 18.% over the forecast period 2024-2033.
Key Takeaways
Key players operating in the secure access service edge market are Cisco, VMware, Cloudflare, Zscaler, Palo Alto Networks.The key opportunities in the SASE market include increasing adoption of cloud applications and workforce mobility. More organizations are embracing cloud-first strategies and enabling remote workforce which is fueling the demand for SASE to securely deliver SaaS applications and protect remote access.The SASE market is also witnessing significant global expansion driven by increased accessibility of high-speed internet which has made cloud delivered edge computing platforms accessible worldwide. Major SASE players are expanding their footprint across international markets like Europe, Asia-Pacific and Latin America to tap new growth opportunities.
Market Drivers
The major driver for the Secure Access Service Edge Market Growth of secure access service edge market is the increasing need for consistent and unified network and application security across expanding digital attack surfaces. As enterprises transition to cloud-first models and enable remote and hybrid workforce, traditional network perimeter is disappearing. SASE provides inline security and policy enforcement at the point of user access to protect any application accessed through any network. The consolidation of network and security capabilities including zero trust access, firewall, SWG, CASB etc by SASE vendors is also propelling its adoption.
PEST Analysis
Political: The government regulations regarding data security are likely to impact the adoption of Secure Access Service Edge (SASE) solutions across organizations. Any new laws around data privacy and protection will influence business requirements.
Economic: Global macroeconomic conditions influence overall IT spending of enterprises. Recessions might slow down the investment in new cybersecurity technologies. However, return on investment expected from SASE solutions supports continued spending.Social: Remote and hybrid work styles adopted widely during the pandemic have increased the need for secure remote access and digital transformation initiatives. SASE allows secure access to applications and data from any location enhancing employee experience and productivity.
Technological: The convergence of networking and security brought by SASE through its cloud-delivered, unified platform approach addresses the needs of modern digital businesses. It also simplifies security operations through a single-pane-of-glass management interface.
Geographical regions with high market concentration: North America dominates the global SASE market currently accounting for over 40% of the total market value, led by large-scale adoption across all industries in the US. Significant early investments by SASE vendors and availability of technical expertise further support the regional market growth. Asia Pacific is also emerging as an important regional market with growing demand from enterprises in countries like China, India and Japan.
Fastest growing region: Europe is projected to witness the highest CAGR during the forecast period. Increasing regulatory pressures around data residency and privacy compliance are propelling European companies to look for effective security solutions like SASE. Growing multi-national operations of European firms demanding consistent policies worldwide also contributes to accelerated SASE adoption across the region. Widespread availability of internet connectivity and cloud infrastructure further supports market expansion.
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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.
