Secure Access Services Edge Market to Grow at 28.3?GR | Market In-Depth Analysis, Business Trends, Growth Opportunities and Impact of COVID

Secure Access Services Edge Market Research Report- Forecast till 2027

Market Highlights

The major factors driving the growth of the secure access services edge (SASE) market are the growing need in unlocking widespread zero trust adoption, increasing mandates to follow regulatory and data protection, and the rising need for a unified security architecture for enterprise network security. However, the lack of cloud security architecture and strategy awareness among businesses is expected to hinder the market growth. On the other hand, the increasing adoption of cloud-based services among SMEs, mitigation of cybersecurity risks with SASE solutions, and increasing benefits of employing SASE network architecture create growth opportunities for the vendors in the global market.

The secure access services edge (SASE) market is expected to register a CAGR of ~ 28.3% during the forecast period, 2021–2027. In this report, Market Research Future (MRFR) includes the segmentation and dynamics of the secure access services edge (SASE) market to offer a better glimpse into the coming years.

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Regional Analysis:

The regional analysis for the global secure access services edge (SASE) market has been done for North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. The market in North America accounted for the largest market share in 2020, and it is expected to register strong growth during the forecast period. Several important market companies have operations in the region, providing modern solutions to all of the region’s industry verticals. Strategic investments, partnerships, and R&D programs, as well as geographical expansion, are all contributing to the widespread implementation of SASE systems. Due to reasons such as the development in cloud security measures and authentication frauds, North America is regarded as the most mature market in terms of implementing SASE solutions. However, the APAC area is experiencing tremendous growth due to various factors, including the expansion of local businesses and government programs aimed towards cybersecurity. The regional market is predicted to grow due to enterprises in China, India, and Japan spending aggressively to ensure the security of their IT infrastructure. The regional market is also being driven by the rising digital workforce and the continued acceptance of the BYOD trend by businesses in Asia-Pacific. The regional market is likely to grow as a result of the security framework policies being introduced, particularly in Southeast Asia, in response to the growing threats of cyberattacks on vital IT systems.

Segmentation:

The global secure access services edge (SASE) market has been segmented based on offering, organization size, end user, vertical, and region.

Based on offering, the secure access services edge (SASE) market has been segmented into network as a service and security as a service. Most businesses are finding that they can no longer afford the time it takes to construct and maintain their network infrastructure due to the rapid pace of innovation. During the forecast period, the security as a service segment is predicted to increase at a faster rate than the network as a service (NaaS) sector. Security as a service is a cloud-based delivery method for security solutions that are typically located in business data centers or regional gateways. As it enables safe access to apps and services regardless of where they are hosted or where users connect, security as a service has become a significant enabler of business around the world.

By organization size, the secure access services edge (SASE) market has been segmented into small and medium-sized enterprises (SMEs) and large enterprises. The large enterprises accounted for the higher market share in terms of revenue, while the small and medium-sized enterprises segment is expected to grow at the fastest rate owing to the growing adoption of cloud-based solutions to minimize the maintenance cost of contracting professional staff. To safeguard vital assets from diverse cyber-attacks, large companies are redesigning their security policies and architecture to include SASE technologies. Due to the large workforce and associated networking devices vulnerable to identity-related risk, large organizations were early users of SASE due to the cost advantage.

By vertical, the global market has been segmented into government, BFSI, retail & e-commerce, IT & telecommunications, healthcare, and others. In terms of revenue share, the IT & telecom segment dominated the market in 2020. As part of their attempts to transition to a cloud-based infrastructure and deploy digital applications to fuel company growth, IT businesses continued to look for unified and secure networking and access solutions. On the other hand, telecom businesses have continued to invest heavily in comprehensive security frameworks, given their services are mostly data transfer-related. Over the projected period, the market is anticipated to rise due to rising awareness of the potential benefits of using SASE frameworks. Over the projected period, the healthcare segment is expected to grow at the highest CAGR. The demand for secure network infrastructure services from incumbents in the healthcare sector vertical is projected to be driven by continued innovation and adoption of telehealth services and analytics to promote effective communication between patients and healthcare professionals. The growing number of cyberattacks on healthcare IT infrastructures is driving the demand for enhanced security frameworks that can provide easy and convenient communication between patients and caregivers while also maintaining the security of essential medical data and patient privacy.

Competitive Analysis

The global Secure Access Services Edge Market is characterized by the presence of several regional and local providers. Some of the key players in the market are SICK AG (Germany), Petasense (US), Allegro MicroSystems, Inc.(US), Robert Bosch GmbH (Germany), NXP Semiconductors N.V. (Netherlands), Infineon Technologies AG (Germany), Sensoronix, Inc. (US), TE Connectivity, Inc.(Switzerland), SPECTEC (Canada), Sensor Solutions Corporation (US), ABB (Switzerland), Rockwell Automation, Inc. (US), STMicroelectronics (Switzerland), Pepperl+Fuchs (Germany) and Schneider Electric (France).

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Secure Access Services Edge (SASE) Market Research Report: Information by Offering (Network as a Security and Security as a Service), Organization Size (Small & Medium Enterprises and Large Enterprises), Vertical (Government, BFSI, Retail and E-Commerce, IT and Telecommunications, Healthcare, and Others), and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America)—Forecast till 2027

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