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The secure access service edge market size is estimated to grow by USD 7.72 billion at a CAGR of 38.54% between 2023 and 2028. Market growth hinges on several factors, such as efficient management of enterprise IT service incidents and problems, the rise of remote working models, and the increasing demand for strong unified security network architecture. These elements underscore the importance of adapting to evolving workplace dynamics and ensuring secure and efficient IT operations. The effective management of service incidents and problems is crucial for maintaining uninterrupted business operations. The shift towards remote working models necessitates security measures and software to protect sensitive data. Additionally, the need for a unified security network architecture highlights the importance of a comprehensive approach to security that can adapt to the changing landscape of cyber threats and cyber insurance. Overall, these factors drive the need for advanced IT solutions and practices to support modern business environments. It also includes an in-depth analysis of drivers, trends, and challenges.
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The market share growth of the IT and telecom segment will be significant during the forecast period. IT companies are moving to a cloud-based infrastructure, including cloud analytics, and deploying digital applications for unified and secure networking solutions in order to stimulate corporate growth. Telecom corporations have also increased their aggressive expenditure on strong security frameworks because the majority of their services included data transfer. During the forecast period, the segment is anticipated to rise as more people will become aware of the potential advantages of implementing SASE frameworks.
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The IT and telecom segment was valued at USD 200.10 million in 2018. The rising number of cybercrime cases in the IT and telecom industries are driving the demand for SASE services during the forecast period. By 2025, it is predicted that cybercrime will cost businesses across the world USD 10.5 trillion annually. To address the growing threat landscape, SASE, a new and significant networking and security framework, is required. Thus, such factors are expected to drive the growth of the global SASE market during the forecast period.
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APAC is estimated to contribute 33% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Another region offering significant growth opportunities to companies is North America. The growth of the SASE market in North America will be driven by the increasing adoption of cloud-based SASE solutions by organizations and the presence of major market companies in the region. Moreover, there are important market participants in the North American region, including Cisco Systems Inc., VMware Inc., Palo Alto Networks Inc., Versa Networks, Akamai Technologies Inc., and others, that supply solutions to all the industrial verticals of the region. The extensive deployments of SASE systems are thus influenced by strategic investments, partnerships, and large R and D operations in addition to geographic presence.
The market is growing rapidly as organizations seek to secure their networks in the face of evolving threats and regulatory requirements such as HIPAA, FISMA, Gramm-Leach-Bliley Act, and GDPR. SASE solutions provide a comprehensive security solution for SMEs and large enterprises alike, offering cloud computing and cloud-based applications with enhanced network security. These solutions enable secure access to corporate resources from any location, supporting the trend of remote work and cloud adoption. SASE integrates multiple security services into a single platform, simplifying networking capabilities and security capabilities, though adoption may be hindered by the barrier to adoption, including the complexity of integration and associated costs.
Effective enterprise IT service incident and problem management is notably driving the market growth. SASE solutions enable enterprises to become efficient and productive by providing a unified platform to manage and monitor the performance and availability of IT processes and services to optimize business performance and streamline processes. These solutions streamline the service restoration process after incidents that cause service disruption. These provide IT service delivery managers and other users with omnichannel transparency and support related to efficient incident identification, capturing, and prioritization depending on organizational goals and objectives.
Further, modern SASE solutions enable the intelligent routing of incidents with the allied data decks and appropriate escalation triggers to the incident resolution team. Hence, these provide IT service delivery managers transparency about the occurrence of IT service incidents across the enterprise, which results in the efficient resolution of incidents and leads to buyer satisfaction. Such factors are expected to drive the growth of the global SASE market during the forecast period.
Rising strategic activities by companies is the key trend in the market. Several advanced technologies have been implemented in enterprises The widespread use of BYOD, the WFH trend, and internet penetration into all regions of the world have led to the implementation of several advanced technologies. The advent of advanced technologies and the rising demand for endpoint and VPN protection measures to maintain strong security practices will increase the adoption of advanced SASE solutions by enterprises. These factors will further encourage the market companies to launch new products and undergo organic and inorganic activities to gain a competitive edge in the market.
Further, in January 2022, VMware Inc. and BT, a well-known global provider of communications services, announced a partnership that will provide multinational clients additional options as they adopt a cloud-first strategy for networking, security, and edge computing. Such strategic activities by companies will lead to rapid growth during the forecast period.
The complexity of network infrastructure is the major challenge impeding the market growth. The complexity of the network infrastructure is increasing. The addition of new security products by companies gives rise to integration issues and slows down the systems. This leads to customer dissatisfaction and may ultimately lead to customer attrition. Security products offered by companies should integrate seamlessly with not only third-party solutions but also the previous versions.
However, this may increase the complexity of security products and result in operating or interface issues for end-users. Thus, the increased complexity of the network infrastructure is becoming a challenge for companies. Thus, the market in focus is expected to have a hindrance in growth during the forecast period.
The report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Secure Access Service Edge Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.
The market is witnessing significant growth, particularly in the government sector, driven by the Homeland Security Act and the increasing adoption of cloud-based technologies. IoT devices and the BYOD trend have necessitated secure remote access solutions, leading to a rising demand for SASE services. This trend is further fueled by the need for efficiency improvement and digital capabilities enhancement within government agencies. SASE offers a unified service that integrates multiple security functions, replacing traditional VPN architecture and legacy solutions. However, ensuring compliance management and staff training remains crucial in mitigating security risks associated with SASE adoption, particularly in the edge segment and among SMBs in regions like Southeast Asia. The increasing demand for SASE solutions among employees accessing the corporate network is driving significant SASE industry growth, surpassing traditional security solutions, particularly for securing government data, as seen with the adoption of solutions like SecureCraft.
The Secure Access Service Edge (SASE) market is a rapidly growing segment of IT infrastructure that combines network security management and edge security to address the evolving cybersecurity needs of businesses in the digital transformation era. With the increasing number of cyberattacks, data security has become a top priority for organizations, especially those using SaaS applications, telehealth services, and other cloud resources. SASE provides integrated security capabilities, including Zero Trust Network Access (ZTNA), Cloud Access Security Broker (CASB), Secure Web Gateway (SWG), Firewall as a Service (FwaaS), and Security as a Service (SECaaS), to protect against cybersecurity risks. SASE is particularly beneficial for Small and Medium Enterprises (SMEs) and Large Enterprises, as it offers unified networking and automation, enabling a cloud-native and software-defined WAN architecture. It also ensures compliance with data protection laws such as PCI DSS and provides real-time threat detection and response. SASE's cloud-based security solutions offer protection against misconfigurations and automate security policies, reducing the risk of breaches. In the cloud architecture, SASE provides cloudnative security, single cloud service, and unified security architecture, making it an essential component of any organization's cybersecurity strategy.
Market Scope |
|
Report Coverage |
Details |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 38.54% |
Market growth 2024-2028 |
USD 7.72 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
27.99 |
Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
Performing market contribution |
APAC at 33% |
Key countries |
US, China, UK, Germany, and India |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
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. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, Market growth and Forecasting, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the market forecast period |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Component
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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