MRFR Press Release/Market Research Future has published Global Secure Access Services Edge (SASE) Market.
A SASE architecture secures the network traffic by combining a software-defined wide area network (SD-WAN) or other WAN with different security capabilities (such as cloud access security brokers, anti-malware, etc.). If the users are located there, traditional methods of inspection and verification, such as routing traffic over an MPLS service to firewalls in their data center, are effective.
Market Research Future (MRFR) has published a cooked research report on the “Global Secure Access Services Edge (SASE) market” that contains information from 2020 to 2032. The Secure Access Services Edge (SASE) market is estimated to register a CAGR of 22.1 % during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global Secure Access Services Edge (SASE) market - Cisco Systems Inc, VMware Inc, Fortinet Inc, Palo Alto Networks Inc, Akamai Technologies Inc, Zscaler Inc, Cloudflare Inc, Cato Networks Ltd, Versa Networks Inc, Forcepoint, Broadcom Corporation, Checkpoint Software Technologies Ltd, McAfee Corp, Aryaka Networks Inc, and Citrix Systems Inc., and Others.
Secure Access Services Edge Market Highlights
The global Secure Access Services Edge (SASE) market is accounted for to register a CAGR of 22.1% during the forecast period and is estimated to reach USD 42,862.4 million by 2032.
The growing need to unlock widespread Zero Trust adoption indeed benefits the Secure Access Service Edge (SASE) framework. Both Zero Trust and SASE are complementary approaches that address modern cybersecurity challenges and can work together to enhance overall security and access control. The growing need for Zero Trust adoption highlights the importance of identity-centric access controls, data protection, and dynamic security measures. As a result, SASE becomes a more appealing solution as it aligns with these principles and complements Zero Trust in providing a robust and adaptive security framework for the modern enterprise. Organizations which are seeking to enhance their cybersecurity posture are considering the benefits of adopting both Zero Trust and SASE strategies in tandem.
Moreover, as the organizations face stricter compliance requirements, they are turning to SASE as a comprehensive solution to address security, privacy, and access control challenges. Many countries and regions have implemented stringent data privacy and protection regulations, such as the General Data Protection Regulation (GDPR) in the European Union and the California Consumer Privacy Act (CCPA) in the United States. These laws require organizations to implement robust security measures to safeguard personal data. SASE, with its centralized security policies, encryption capabilities, and identity-based access controls, helps organizations comply with these regulations by securing data both in transit and at rest.
Segment Analysis
The global Secure Access Services Edge (SASE) market has been segmented based on Offering, Component, Organization Size, and Vertical.
Based on offering, the global Secure Access Services Edge (SASE) market segmentation includes Network as a Service and Security as a Service. The Security as a Service segment held the majority share in 2022, contributing around ~56 % to the market revenue. Security as a Service provides organizations with cloud-native security solutions that integrate seamlessly with cloud environments and deliver a comprehensive set of security services. By leveraging SecaaS within the SASE framework, organizations can achieve a unified and scalable security approach that protects their network, data, and applications while enabling secure access from anywhere.
Based on Organization Size, the global Secure Access Services Edge (SASE) market segmentation includes SME’s and Large Enterprises. SME’S are anticipated to grow at the highest during the forecast period. SASE is helping SMEs in many different ways such as putting their vital business apps within a safe, vendor-managed perimeter to lessen their vulnerability to online dangers, ability to scale up and down the security of remote user access with integrated multi-factor authentication and single sign-on. Further, access to corporate resources might be permitted or prohibited via managed or unmanaged devices depending on visibility and control. External Internet traffic is scanned at the network level to guard against malware, bots, and IoT compromise. Data integrity and safety are ensured by controlling sensitive data access in the cloud through a single secure platform.
Based on the Component, the global Secure Access Services Edge (SASE) market segmentation includes software-defined wan (SD-WAN), cloud access security broker (CASB), secure web gateway (SWG), firewall as a service (FWaaS), and zero-trust network access (ZTNA). Zero-Trust Network Access (ZTNA, anticipated to grow at the highest during the forecast period. ZTNA focuses on identity as the primary factor for granting access to resources. Users and devices are authenticated and authorized based on their identity and specific attributes before accessing applications and data. ZTNA is especially valuable for securing access for remote and mobile users who may be connecting from untrusted networks. By continuously verifying user identities and devices, ZTNA ensures secure access regardless of the user's location.
Based on Vertical, the global Secure Access Services Edge (SASE) market segmentation includes government, BFSI, retail & E-commerce, IT And telecommunication, healthcare, and others. By Vertical, the BFSI segment holds the majority market share in 2022 contributing 58.3 % of the market share. By leveraging SASE, the BFSI industry has achieved enhanced scalability, flexibility, and performance, allowing financial institutions to maintain operations effectively during challenging times while upholding the highest standards of security and compliance.
Regional Analysis
By Region, the study provides market insights into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. In terms of revenue, North America held the largest share of 37.7% in the Secure Access Services Edge (SASE) market in 2022 and is expected to maintain its dominance during the forecast period. North America region has some major key players like Cisco Systems, Fortinet, Akamai, VMware, Broadcom, and many others involved in development & supply of these solutions. The COVID-19 pandemic has accelerated the adoption of remote work and cloud-based applications. SASE provides secure access to applications and resources regardless of the worker's location. The traditional corporate network & remote work perimeter have become more porous and challenging to secure, thereby increasing the demand for SASE solutions in this region.
Europe, which is expected to fuel the demand for Secure Access Services Edge (SASE) over the forecast period as the governments & organizations seeking robust protection are appealed to these solutions, due to their comprehensive security features, including threat detection & prevention abilities. SASE's ability to enhance collaboration & productivity by enabling secure access to various applications & resources from any location has attracted numerous businesses in Europe, mainly those with geographically dispersed teams. Thus, the digital transformation, cybersecurity concerns, and remote work & flexible work models are driving the growth of the secure access service edge market in the region.
Asia-Pacific is the fastest-growing regional market as the businesses in this region are modernizing their network infrastructure, shifting towards software-defined networking (SDN) and virtualization, thereby increasing the demand for SASE solutions. The Asia-Pacific region is experiencing significant growth in the adoption of IoT devices across various industries. The adoption of SASE solutions has increased due to its ability of securing IoT traffic and providing granular access control, thereby addressing the security challenges associated with IoT deployments.
The Middle East & Africa region is experiencing gradual growth. Several businesses are adopting SASE solutions for maintaining business continuity, as they provide secure remote access & deliver consistent security policies to remote employees & devices. Organizations in this region are increasingly adopting cloud-based services and migrating their data centers to the cloud. Cloud-based services offer cost advantages over traditional on-premises solutions. Businesses in this region, especially startups and small to medium-sized enterprises (SMEs), find cloud adoption more cost-effective as it eliminates the need for significant upfront investments in hardware, maintenance, and infrastructure.
South America has been witnessing increasing demand for managed security services, where businesses require external expertise to manage their security operations. The demand for SASE's cloud-based model is increasing in this region, as it allows the managed security service providers (MSSPs) to deliver scalable security solutions to their clients.
Key Findings of the Study
- The global Secure Access Services Edge (SASE) market is expected to reach USD 42,862.4 million by 2032, at a CAGR of 22.1% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market, imperative factors, such as the significant number of investments and key market players in North America, making it the primary contributor to the market share.
- Based on type, the Security as a Service segment was attributed to holding the largest market in 2022, with an approximate market share of 56 %.
- Cisco Systems Inc, VMware Inc, Fortinet Inc, Palo Alto Networks Inc, Akamai Technologies Inc, Zscaler Inc, Cloudflare Inc, Cato Networks Ltd, Versa Networks Inc, Forcepoint, Broadcom Corporation, Checkpoint Software Technologies Ltd, McAfee Corp, Aryaka Networks Inc, and Citrix Systems Inc., and Others are the key market players.
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