March 2024
The global secure access service edge market size was USD 1.83 billion in 2023, calculated at USD 2.29 billion in 2024 and is expected to be worth around USD 21.49 billion by 2034. The market is slated to expand at 25.10% CAGR from 2024 to 2034.
The global secure access service edge market size is worth around USD 2.29 billion in 2024 and is anticipated to reach around USD 21.49 billion by 2034, growing at a solid CAGR of 25.10% over the forecast period 2024 to 2034. The North America secure access service edge market size reached USD 660 million in 2023. The increasing need for secure data access and networks, including the inclination of major enterprises for cloud-based solutions, rising digitalization, internet penetration across various verticals, and edge computing, is fuelling the secure access service edge market on a global scale.
The U.S. secure access service edge market size was exhibited at USD 490 million in 2023 and is projected to surpass around USD 5,920 million by 2034, poised to grow at a CAGR of 25.42% from 2024 to 2034.
North America accounted for the largest share of the secure access service market in 2023. The growth of this region is due to the evolving technology and its adoption, huge spending on IT infrastructure and its security, and the incorporation of cloud services, which has witnessed a sudden jerk due to its high-end benefits. These reasons are encouraging major players to invest in a robust security structure like the SASE framework. Cyberattacks have increased in the last few years, which is the major reason for the adoption of robust security networks in large enterprises in North America.
Asia Pacific is anticipated to host the fastest-growing secure access service edge market during the forecast period. Economically growing countries like India, Japan, and China are investing heavily in security frameworks due to the rising digitalization across the nations, and penetration of the internet is faster than before in the Asia Pacific, which is an alarming sign in terms of digital world security.
The secure access service edge market is expanding due to the rising cyber threats across the globe, and thus, it indicates a paradigm shift in the network access security field. A combination of security features like firewall and network as a service creates a unified solution as a single cloud-native service, fuelling its growth further on a broader scale. Due to such a unified approach, cloud-based services and applications can be secure in a proper manner, mitigating a constant cyber threat. Cloud-based services further observe a sudden demand due to their flexibility and scalable nature.
AI Impact on the secure access service edge market
Artificial intelligence (AI) is positively impacting the secure access service edge market owing to various reasons like enhancing security, high scalability, and efficiency. It helps in the faster detection of cyber threats and reduces them before they manifest. By using machine learning algorithms, a huge amount of data can be analyzed to identify the pattern that indicates potential cyber threats.
AI automation can simplify network management, minimize human intervention, and enable dynamic implementation protocol in real-time, fuelling the secure access service edge market's growth further. With the help of AI, the secure access service edge market can offer robust security measures with context, which can be customized as needed. Network performance and bandwidth usage can also be optimized with the help of AI, especially in remote working situations.
Report Coverage | Details |
Market Size by 2034 | USD 21.49 Billion |
Market Size in 2024 | USD 2.29 Billion |
Market Growth Rate from 2024 to 2034 | CAGR of 25.10% |
Largest Market | North America |
Base Year | 2023 |
Forecast Period | 2024 to 2034 |
Segments Covered | Component, Application, and Regions |
Regions Covered | North America, Europe, Asia-Pacific, Latin America and Middle East & Africa |
Strict regulations and data protection laws
A significant driving factor that the secure access service edge market holds is the strict government regulation about data privacy and its protection owing to the frequent cyber-attacks. In recent years, planned cyber-attacks have suddenly increased, which caused a huge financial loss. Therefore, major key players and other companies are looking for robust security solutions to combat unauthorized access.
Data protection laws play a crucial role in data security. A constantly changing environment is creating challenges for enterprises to protect their data. Enterprises are striving for technically advanced security systems to comply with governments' stringent data protection policies like HIPAA, the Federal Trade Commission, the gramm-glitch Bliley Act, and the EU Agency for Network and Information Security. Therefore, they are adopting cloud-based solutions to ensure the security of data and its transmission.
Misinformation of secure access service edge (SASE) architecture
Many organizations are adopting cloud-based solutions for security purposes, though they need to be made aware of the cloud resources currently running and how to configure them, leading to confusion about their application. Organizations that do not have the proper information for identity-related security controls hinder the secure access service edge market significantly on a global scale. Visibility issues can cause configuration problems that may be unnoticed for extended periods, making it hard to secure cloud applications. Such a lack of information can create loopholes that cause cyber-attacks more frequently.
An inclination toward cloud-based services
The major opportunity that the secure access service edge market holds is the increasing adoption of cloud-based services across various verticals around the globe. Organizations are constantly upgrading their business models for optimum outcomes and business efficiency. SMEs are widely targeted by cyber attackers since they do not have sufficient security systems to protect their network of data and its applications. Intelligent attackers can easily find loopholes in the system and hack them. Since SMEs are the biggest consumers of cloud-based services, cloud-based service providers can provide solutions for it and capitalize on it to provide customized security services to SMEs, which is the stronger foundation for proliferating the market.
The platform segment accounted for the largest share of the secure access service edge market in 2023. The platform segment is expected to be dominating continuously in the forecasted years due to the rising demand for a unified solution with simplification where users and devices can connect securely. Many organizations are planning to upgrade to SASE platforms for security purposes.
The service segment is observed to grow at the fastest rate in the global secure access service edge market over the studied period. The growth of this segment is due to the rising demand for training services and consultation with secure access service edge implementation. The vendors help the enterprises with existing IT structures and implement frameworks for SASE. Such a partnership helps manage security vendors and service providers to work in alignment for the maximum benefit of security.
The IT & telecom segment dominated the secure access service edge market in 2023. IT companies are strongly in need of security as they generate huge amounts of data and are, therefore, looking for a unified solution for it, fuelling the segment's demand further. IT companies are increasingly shifting towards cloud-based solutions, and launching business applications is another driving factor in the market. On the contrary, telecom companies also spend hugely on security frameworks since their services are related to huge data transmission, which requires secure encryption.
The healthcare segment is observed to grow rapidly in the secure access service edge market over the forecast period. The growth of this segment is attributed to factors like increasing telehealth platforms and analytics for effective communication between medical professionals and patients. Rising news about cyberattacks on the IT structure of healthcare is common these days; to reduce the risk, the adoption of the SASE framework is a preferential option by many healthcare providers. The data about patients' medical history is very personal and sensitive, one that should be preserved carefully. This is another reason why many healthcare providers adopt this framework and gain the trustworthiness of patients.
Segments Covered in the Report
By Component
By Application
By Geography
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