Secure Access Service Edge Companies | Forecast by 2033

30 Sep 2024

Table of Content

1. Secure Access Service Edge Market Growth, Trends and Report Highlights 2. Market Overview 3. Regional Insights 4. Top Companies in the Secure Access Service Edge Market: 5. Market Opportunity 6. Secure Access Service Edge Market Highlights 7. Market News

Secure Access Service Edge Market Growth, Trends and Report Highlights

The global secure access service edge market was exhibited USD 1.83 billion in 2023 and is anticipated to attain around USD 17.18 billion by 2033, poised to grow at a CAGR 25.10% during the forecast period. The increasing cyber attacks, organization facing challenges and disruptions, financial losses, threats to the companies is increasing the demand for the adoption of the secure access service edge ultimately driving the market.

Market Overview

Secure access service edge (SASE) is a cloud-based architecture that combines security and network services to connect users to applications and data. It also provides a seamless experience for users working in the office or remotely. Cloud computing services drive a significant shift for IT organizations as many businesses move their data, applications, and services to cloud platforms, where new problems related to security and access occur. To tackle these problems, SASE plays a significant role by integrating network security with cloud access control.

• For instance, in July 2023, Singtel, in partnership with Zscaler, is offering managed security services in Asia, which includes pre-sales to post-sales support from dedicated cyber security as well as resources like platform consultations, build implementation, maintenance, and round-the-clock threat mitigation.

Moreover, advanced technologies like integrating AI and machine learning tools to improve threat detection by using algorithms that could analyze large data in real time and identify patterns. Implementing AI and ML with SASE will enhance security and improve the defense mechanism.

• For instance, in September 2024, Netskope announced new innovations in the Netskope One Platform, including digital experience management features and security capabilities with its AI-driven proactive solutions.

Stricter Government Regulations to Promote the Market’s Growth

One of the main reasons for implementing secure access service edge is the rising strict government policies regarding privacy protection after the rise in cyber attacks. These cyber-attacks have resulted in significant financial losses, so several companies seek strong security solutions to fight against unauthorized access.

Data protection laws are also significant for keeping information safe. Businesses face various problems while protecting data. Many companies are shifting their use towards cloud-based solutions that could secure data and maintain privacy.

The existing networks have extensive access to storing data across several platforms, apps, and servers, which makes it more challenging to secure the data. Also, it is becoming difficult as new emerging technologies are introduced and the BYOD trend is accepted. SASE offers both network and security on one single platform, making it easier to manage the data.

• For instance, in June 2024, TATA Communications, in partnership with Versa Networks, launched unified SASE solutions with software-defined wide area network secure service edge capabilities that would also offer advanced detection and real-time protection through a cyber threat intelligence platform.

Many organizations are implementing cloud-based technology, but it has some drawbacks, such as a lack of awareness of current cloud resources and how to solve them, which may lead to confusion and mistakes. With the proper knowledge of identity-related security controls, organizations may find it easier to adapt to the new technologies hindering the secure access service edge market. Moreover, visibility issues in figuring out the problems and the need for more information to make it easier to adopt secure cloud applications will increase the chances of cyber-attacks.

Regional Insights

North America dominated the market for the largest share in the secure access service edge market in 2023 as the increase in advanced technologies, IT infrastructure, and cloud-based services has driven the market. Moreover, investments made by several key player companies in the market, as the rising cyber-attacks have led to many serious problems regarding data privacy, are driving the demand for the adoption of the SASE framework.

• For instance, in January 2024, Kyndryl introduced its new security edge service in partnership with Cisco, which will help customers improve their security controls and address and respond to cyber-attacks.

Asia-Pacific is expected to be the fastest-growing region in the secure access service edge market. Countries like India, China, and Japan are investing, and increasing digitalization and advanced technologies are gaining demand at a faster rate, leading to the adoption of SASE platforms. For instance, Ishan Technologies, in partnership with Versa Networks, has launched SASE services in India that will help organizations across various sectors increase their security and improve performance.

Top Companies in the Secure Access Service Edge Market:

• Cato Networks
• Cisco
• Barracuda Networks Inc
• McAfee, LLC
• Palo Alto Networks
• VMware Inc
• Versa networks
• Check Point Software Technologies Ltd
• Hewlett Packard Enterprise Development
• Open Systems

Recent Development in SASE Market by iboss

Recent development in SASE market by Zscaler

Market Opportunity

The major opportunity for the secure access service edge is the increasing implementation of the clod-based services across various sectors. Companies are continuously updating their business models that give rise for the implementation of the advanced security tools. SMEs are mostly facing problems due to cyber-attacks due to lack of security options and transfers of data, applications over networks, which create a demand for the use of SASE solutions that drives the secure access service edge market at a large level.

Secure Access Service Edge Market Highlights

Market News

• In March 2024, Aryaka launched its SASE solutions as a service to cover channel options and also includes vendors OnePass architecture delivering distributed policies, zero trust security and Smart Secure Next generation Firewall.
• In February 2023, NTT in partnership with Palo Alto Networks launched a SASE product that helps customers with better management of their security and network infrastructure that will provide a fully managed end-to-end network with cloud security features.

Market Segmentation

By Component

• Platform
• Services

By Application

• It & Telecom
• Bfsi
• Manufacturing
• Retail & E-commerce
• Healthcare
• Government
• Energy & Utilities
• Others

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