Secure Access Services Edge (SASE) Market Projected to Hit USD 5.5 Billion at a 21.00% CAGR by 2030 – Report by Market Research Future (MRFR)
Research Reports
Sep 15, 2023
Market Analysis
Increase in Data Breaches to Boost Market Growth
The use of cloud-based has increased recently as more businesses and industrial sectors move their data to the cloud to increase productivity, save costs, and scalability. Cybersecurity is becoming more important as cloud-based apps are used more often since there are more cyberattacks and data breaches. Secure Access Service Edge lowers costs, simplifies processes, aids in maintaining access security for users, and makes remote and mobile access more secure.
The demand for efficient and quick access to the network resources from distant locations and devices (IoT) is growing as a result of the proliferation of mobile devices and the IoT. SASE offers network security solutions which are scalable and adaptable and can adjust to fit the needs of enterprises.
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Secure Access Services Edge (SASE) Market Key Players
Eminent market players profiled in the secure access services edge market report include:
- Cisco Systems Inc. (US)
- VMware Inc. (US)
- Fortinet Inc. (US)
- Palo Alto Networks Inc. (US)
- Akamai Technologies Inc. (US)
- Zscaler Inc. (US)
- Cloudflare Inc. (US)
- Cato Networks Ltd. (Israel).
The global secure access services edge market will touch USD 5.5 billion at a 12.50% CAGR by 2030, as per the recent Market Research Future report.
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Opportunities
Growing Adoption in IT and Telecom to offer Robust Opportunities
The necessity to filter material across edges and guarantee effective security framework management continues to boost the use of SASE across IT & telecom organizations, increasing demand for SASE among such companies.
Restraints and Challenges
Lack of Awareness to act as Market Restraint
The lack of awareness about SASE solutions and complexity to establish and monitor SASE solutions may act as market restraints over the forecast period.
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Market Segmentation
The global secure access services edge market is bifurcated based on vertical, organization size, and offering.
By offering, security as a service will lead the market over the forecast period.
By organization size, large enterprises will domineer the market over the forecast period.
By vertical, healthcare will spearhead the market over the forecast period.
COVID-19 Analysis
Numerous firms have adopted remote working practices and changed the way they approach security as a result of the COVID-19 epidemic. In the aftermath of the epidemic, demand for cloud-based products and services as well as strong security solutions has grown significantly. However, given that SASE has characteristics that can support the network security & access security, many businesses are choosing it because they realize that the outdated legacy network security architectures and traditional VPNs would not be able to provide the essential security support. A number of cloud security firms have also recognized the potential of the SASE & are thinking about entering the market.
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Regional Analysis
North America to Head Secure Access Services Edge Market
The SASE market in North America is projected to reach USD 0.3 billion in 2021 and grow at a CAGR of 44.30% over the course of the research period. The US is the regional market that is growing at the highest rate as a result of its early use of cutting-edge technologies and increasing emphasis on bolstering its IT infrastructure. The region’s adoption of SASE is especially bolstered by the increase in cyberattacks on major corporations and the damaging effects these assaults have on the industry as a whole.
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