Secure Access Service Edge Market Size, Share, Growth Analysis, By Components(Platform, and Services), By Application(IT & Telecom, and Healthcare) - Industry Forecast 2024-2031

Drivers

Mandatory Compliance with Regulatory and Data Protection Laws

• Over the years, sophisticated cyberattacks have caused significant disruption to organizations, causing significant financial losses. Organizations are constantly trying to implement advanced security solutions to prevent such disruptive attacks. As well as implementing comprehensive security solutions, they also need to comply with existing government regulations on data protection. Data security guidelines play an important role in addressing a company’s growing data privacy concerns. The ever-changing threat landscape has led to the creation of numerous government regulations around the world, which companies around the world must strictly adhere to.

Increased Use of Cloud-based Services

• Organizations are constantly redesigning their business processes to achieve efficiency. Across industries, SMEs lack robust security measures to protect their data, networks, endpoints and applications. They are often targeted by cyber-attacks. SMEs lack modern cybersecurity solutions to address the growing threat landscape. Smart cyberattacks can easily bypass traditional security measures. SMEs are more likely to adopt cloud-based security solutions, and cloud-based security service providers can leverage this potential by offering custom-based security services to the organization.

Restraints

Lack of Knowledge of Cloud Products and SASE Systems

• As many organizations migrate to the cloud, they are unfamiliar with the number of cloud resources and their configuration structure. Organizations still lack basic identity security measures. Lack of visibility can lead to misconfigurations that go unnoticed for long periods of time, making cloud applications difficult to secure. In addition, organizations that are migrating part of their IT infrastructure to the public cloud are faced with inappropriately implementing security measures to withstand cyberattacks. Lack of understanding of the shared security responsibility model as well contribute to cyber infringement. As in the current scenario, cloud environments have become larger and more complex for many businesses, ultimately leading to the need for automation and thus, knowledge and configuration lack of utility of SASE systems in many industries acts as a restriction for the market.

Lack of Awareness of the Value of SASE Solutions in Companies

• The rise of cloud computing solutions has made it harder to detect unknown threats in cloud infrastructure but many cloud users are unaware of the benefits of SASE solutions. SASE addresses cloud risks by helping cloud operators deploy secure and truly advanced cloud infrastructure. Relying on SASE solutions to manage the entire cloud portfolio, breaches, cloud risks, and misconfigurations in the organization’s cloud infrastructure can help remove barriers to consuming SASE.