Global Secure Access Service Edge Market

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

Report ID: SQMIG45A2327 | Region: Global | Published Date: May, 2024
Pages: 157 | Tables: 61 | Figures: 69

Secure Access Service Edge Market Insights

Global Secure Access Service Edge Market size was valued at USD 1238.9 Million in 2022 and is poised to grow from USD 1689.87 Million in 2023 to USD 20247.3 Million by 2031, growing at a CAGR of 36.4% in the forecast period (2024-2031).

Dynamic network architecture is enabled by SDN, and SASE promises that these networks are evolving and secure to meet changing needs. For Internet of Things, secure connectivity and data security are essential. Additionally, cloud-based SASE could see an increase in adoption. For example, the Flexera 2022 State of the Cloud Report states that 80% of surveyed enterprises indicated that they have adopted Microsoft Azure for public cloud services. AWS, Microsoft Azure, and Google Cloud, known as hyperscale's, are among the cloud computing platform offerings worldwide. Every company uses at least one public or private cloud. At least one public cloud is used by 96% of respondents, while at least one private cloud is used by 84% of respondents. Nearly 80% of participants reported using hybrid cloud systems.

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Secure Access Service Edge Market size was valued at USD 1238.9 Million in 2022 and is poised to grow from USD 1689.87 Million in 2023 to USD 20247.3 Million by 2031, growing at a CAGR of 36.4% in the forecast period (2024-2031).

SecureCloud integrates its SASE platform with TeleComNet's network infrastructure, enabling customers to seamlessly access SecureCloud's security services through TeleComNet's network. The two companies collaborate on marketing campaigns to promote the combined SASE offering. This can include co-branded marketing materials, co-hosting webinars, and participation in industry events to demonstrate the benefits of their combined solutions. TeleComNet's sales team has been trained to sell SecureCloud's SASE solutions as part of their telecommunications offering. In turn, SecureCloud provides sales support and resources to help TeleComNet’s sales representatives understand and better communicate the benefits of integrated solutions. 'Barracuda Networks, Inc.', 'Cato Networks', 'Check Point Software Technologies Ltd.', 'Cisco', 'Hewlett Packard Enterprise Development LP', 'McAfee, LLC', 'Open Systems', 'Palo Alto Networks', 'Versa Networks, Inc.', 'VMware, Inc.', 'Palo Alto Networks', 'Fortinet Inc', 'Cloudflare Inc.', 'Forcepoint'

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.

Increasing Cloud Adoption is Helping Secure Access Services Edge Market: The secure access service edge market is poised for significant growth owing to several factors such as increasing adoption of cloud services. Applications and workloads are moved to the cloud by organizations for their scalability, agility and cost savings. As more businesses adopt cloud computing, the need for a comprehensive and secure approach to connecting users and applications in dispersed environments increases. Secure access service edge offers an integrated solution that integrates networking and security services in the cloud, making it the ideal choice for cloud-based organizations. Ability to provide secure access remotely, on any device which guarantees remote workers can operate smoothly while maintaining high security. It can prevent cyber threats, secure web gateways and prevent data loss, provides a comprehensive and proactive approach to security, and helps to protect companies from emerging threats.

North America accounted for the largest revenue share of over 48% by 2020, is expected to continue to dominate the market during the forecast period. Continued advancement in technology, active expenditure on IT infrastructure, increasing adoption of cloud services encourages emerging market players into regional markets. Due to this enterprise-wide cyberattack, it is driving organizational spending on IT, particularly throughout North America.

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