At 27.1% CAGR, Global Secure Access Service Edge Market Size Will Reach USD 10.31 Billion by 2030
The report “Secure Access Service Edge Market Share, Size, Trends, Industry Analysis Report, By Organization Size (SMEs, Large Enterprises); By Vertical (Government, BFSI, Retail & eCommerce, IT & ITeS, Others); By Offering; By Region; Segment Forecast, 2022- 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The global secure access service edge market size is expected to reach USD 10.31 billion by 2030 according to a new study by Polaris Market Research.
The global market will be driven by the increased need for a unified network security infrastructure, firms undergoing digital transformation, and security migrating to the cloud in the coming years. Converged solutions are gaining traction as a way to reduce complexities, agility, multi-cloud networking, and the secured access SD-WAN-enabled architecture. Using the SASE architecture, several network points and the security tasks that were previously given in separate point solutions were already unified into a single, integrated cloud service edge. Secure access system edge providers are also required to meet rules and laws of data regulation, which helps to boost the global industry. As a result, the global industry will grow in the projection years.
In terms of revenue, larger companies have a larger proportion of the global SASE industry. To protect a firm’s important assets from cyber-attacks, companies across the globe are enabling strong data privacy protocols and policies coupled with robust architecture since its huge workforce and working infrastructure are more prone to identity and cyber risks. Large organizations, in order to protect their data assets, were early users of the SASE, owing to its cost advantage, and currently, most of them are choosing cloud-based deployments to be in sync with the updated security infrastructure.
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Asia Pacific is expected to develop at the fastest CAGR during the forecast period, according to the region. Because of the rise in the adoption of mobile, web, and BYOD applications and government laws to protect consumer data, the SASE industry in APAC is likely to gain pace throughout the projection period. The rise in demand for cloud-based applications and the requirement for efficient security solutions across sectors are driving growth.
Top Market Players
Some of the major players operating the market include Citrix, Aryaka, Check Point, Broadcom, Cato Networks, Cisco, VMware, Akamai, Cloudflare, Zscaler, Fortinet, McAfee, Netskope, Palo Alto Networks, Proofpoint, Versa Networks, and Forcepoint.
In September 2021, Akamai, a content delivery network (CDN) company, announced the acquisition of Guard core, a micro-segmentation company, for about USD 600 million to prevent the spread of ransomware. The technique, according to Akamai, is complementary to its zero-trust security initiative and will assist in preventing virus transmission throughout the network.
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Polaris Market Research has segmented the Secure Access Service Edge market report on the basis of offering, organization size, vertical, and region:
Secure Access Service Edge, Offering Outlook (Revenue – USD Billion, 2018 – 2030)
- Network as a service
Secure Access Service Edge, Organization Size Outlook (Revenue – USD Billion, 2018 – 2030)
- Large Enterprise
Secure Access Service Edge, Vertical Outlook (Revenue – USD Billion, 2018 – 2030)
- Retail & eCommerce
- IT and ITeS