Authored By: Sarah
29 Aug 2024

Secure Access Service Edge Market Size to grow by USD 7719.6 million between 2024-2028

Technavio, a leading provider of market research reports, has released its latest study on Secure Access Service Edge Market. This report offers a comprehensive analysis of the current market trends, emerging opportunities, and key challenges. The global Secure Access Service Edge (SASE) market is experiencing significant growth due to the increasing adoption of Bring Your Own Device (BYOD) policies, the widespread trend of Working From Home (WFH), and the increasing Internet penetration in various regions. To address the rising demand for robust endpoint and Virtual Private Network (VPN) security, enterprises are turning to advanced SASE solutions. This market trend is motivating vendors to launch new products and engage in both organic and inorganic growth strategies. For instance, in June 2022, Telefónica, a leading Spanish telecom company, expanded its partnership with Cisco Systems to offer managed services for SD-WAN, security, and SASE solutions through its Tech digital division. This strategic move aims to strengthen Telefónica's position in the business networking market and provide enhanced value to its customers.

Key Highlights

Growth Projections

The global secure access service edge market  size is estimated to grow by USD 7719.6 mn from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  38.54% during the forecast period. Effective enterprise IT service incident and problem management is driving market growth, with a trend towards rising strategic activities by vendors  However, complexity of network infrastructure  poses a challenge.Key market players include Akamai Technologies Inc., Aryaka Networks Inc., Broadcom Inc., Cato Networks Ltd., Check Point Software Technologies Ltd., Cisco Systems Inc., Citrix Systems Inc., Cloudflare Inc., Forcepoint LLC, Fortinet Inc., Hewlett Packard Enterprise Co, McAfee LLC, Netskope Inc., Open Systems, Palo Alto Networks Inc., Perimeter 81 Ltd., Proofpoint Inc., Versa Networks Inc., VMware Inc., and Zscaler Inc..

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Major Findings

  • The Secure Access Service Edge (SASE) market is gaining significant traction in the realm of effective enterprise IT service management. SASE combines wide area networking (WAN), zero trust network access, and security functions such as secure web gateway, firewall, and antivirus, providing a unified approach to secure access to applications from anywhere. This solution enhances incident and problem management by ensuring secure and reliable access to critical business applications, reducing the risk of security breaches, and minimizing downtime. By integrating advanced security functions with network capabilities, SASE empowers IT teams to proactively manage and mitigate potential issues, ultimately improving overall IT service delivery and user experience.

  • Amidst the rising trend of remote work models, the Secure Access Service Edge (SASE) market is experiencing significant growth. SASE is a network security approach that provides secure and seamless access to applications from anywhere, anytime. It combines wide area networking (WAN) capabilities with comprehensive security functions, such as secure web gateway, zero trust network access, and firewall as a service. By delivering these functions from the cloud, SASE enables organizations to secure their distributed workforces effectively while ensuring business continuity.

  • The Secure Access Service Edge (SASE) market is gaining significant traction due to the increasing complexity of network infrastructures. Traditional security solutions are no longer sufficient to protect against advanced threats, particularly in the era of remote work and cloud adoption. SASE combines wide area networking (WAN) capabilities with comprehensive security functions, such as secure web gateway, firewall, zero trust network access, and more, to provide a simplified and effective approach to securing distributed networks. This converged solution helps organizations reduce the complexity of managing multiple point solutions and ensures seamless security for their digital transformation initiatives.

  • The Secure Access Service Edge (SASE) market demands significant investment for implementation due to its advanced and integrated nature. SASE combines wide area networking, zero trust network access, and security functions such as firewall, secure web gateway, and decryption. The high cost stems from the need for specialized hardware, software, and professional services to ensure seamless and secure deployment and management.

Market Research Overview

The IT services market encompasses organizations providing consulting and integration services, application services, data processing, business process outsourcing, infrastructure services, and Internet services. The IT consulting and other services sector specifically caters to companies delivering IT consulting and information management solutions. According to Technavio, the global market size for IT consulting and other services is determined by the consolidated revenue generated by businesses offering all types of IT consulting and information management services. This figure includes annual revenues obtained through executed IT service contracts. Factors driving growth in the IT consulting and other services market include substantial government investments in modernizing IT infrastructure due to a shortage of experts in contemporary IT skills.

The Secure Access Service Edge Market is experiencing significant growth, fueled by the Effective enterprise IT service incident and problem management. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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Regional Insights

The Secure Access Service Edge (SASE) market is experiencing significant growth due to the increasing demand for secure and seamless remote access solutions. SASE combines wide area networking (WAN) functionality with comprehensive security services, enabling businesses to securely access applications and data from anywhere. This converged approach offers improved security, enhanced performance, and simplified management, making it an essential investment for organizations in today's digital landscape.

Research Analysis Overview

The Secure Access Service Edge (SASE) market is experiencing significant growth as organizations seek to automate their cloud security and address the challenges of securing cloud resources in the era of digital transformation. With the rise of telehealth services, SaaS applications, and BYOD trends in healthcare, cloud-based security solutions like SASE are becoming essential for data protection and compliance with regulations such as GDPR, HIPAA, and PCI DSS. SASE combines cloud-based security functions like firewall, secure web gateway, zero trust network access (ZTNA), and secure access to SaaS applications into a single, unified networking model. This approach enables real-time threat protection, automates security policies, and simplifies network security management. Telecom companies and managed security services providers are increasingly offering SASE solutions to help businesses secure their IT infrastructure against cyberattacks and misconfigurations. Edge computing and edge security are key components of SASE, allowing organizations to extend security to the edge of their network and protect data in real-time. SASE also offers benefits for industries with strict data security requirements, such as healthcare and finance, by providing a security framework that can help them meet compliance regulations and protect sensitive data. Overall, SASE is an essential component of any organization's cybersecurity strategy in today's cloud-first world.

About Technavio                                                                        

Technavio is a global market research company offering comprehensive reports and insights on various industries. Our research helps businesses make informed decisions by providing actionable data and trends. Technavio is based on four simple principles: easy-to-access reports, robust industry coverage, a focus on new and emerging technologies, and competitive pricing. We believe in helping companies and executives become better equipped to make faster, sounder, and more effective decisions. Technavio is one of the most influential market research and advisory firms in the world. We work with business and technology leaders to provide cutting-edge market research and insights to companies. 

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