Security Service Edge Market - By Component (Solution, Services), By Organization Size (Large Organization, SME’s), By End-user (BFSI, IT & Telecom, Retail & E-commerce, Healthcare, Government, Manufacturing), Forecast, 2024 – 2032
Published Date: March - 2025 | Publisher: MIR | No of Pages: 240 | Industry: Media and IT | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationSecurity Service Edge Market Size
Security Service Edge Market size was valued at USD 903.8 million in 2023 and is estimated to register a CAGR of over 23.5% between 2024 and 2032. The market growth is attributed to the rising threat landscape.
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The dynamic and sophisticated nature of cyber threats is pushing the requirement for more advanced security solutions, such as those offered by SSE. IT Governance recorded a total of 1,063 security incidents in 2022, which compromised 480,014,323 records. Cyber-attacks were the most common type of security incident during the year, representing 57% of all publicly reported incidents, totaling 611 cases.
With a rising number of cyberattacks on organizations, there is increasing recognition of the need to deploy strong security controls at the edge for threat detection and prevention before they can reach critical assets. Advanced threat detection and response functions are frequently built into SSE solutions, which help create a more proactive and effective security stance, benefiting market growth trends.
Remote work and cloud adoption will assist in defining the SSE market outlook until 2032. The rising adoption of remote work and the widespread usage of cloud services are key drivers for the Security Service Edge market. According to WFH Research, the landscape currently indicates that 12.7% of full-time employees participate in remote work, showing the rapid adoption of telecommuting as part of the norm in the work environment. At the same time, a significant 28.2% of workers have adopted a hybrid work model. This hybrid model easily integrates remote and in-person work, offering a mix of flexibility and the presence of a physical body in the conventional office.
As more companies migrated their applications and data to the cloud, security solutions that could safeguard users and data beyond the traditional corporate network perimeter became imperative. SSE solutions secure access to cloud applications and resources from anywhere, offering a more flexible and secure remote work solution.
| Report Attribute | Details |
|---|---|
| Base Year | 2023 |
| Security Service Edge Market Size in 2023 | USD 903.8 Million |
| Forecast Period | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR | 23.5% |
| 2032 Value Projection | USD 6 Billion |
| Historical Data for | 2018 - 2023 |
| No. of Pages | 200 |
| Tables, Charts & Figures | 288 |
| Segments covered | Component, Organization Size, End-user |
| Growth Drivers |
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| Pitfalls & Challenges |
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What are the growth opportunities in this market?
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However, data privacy and compliance concerns pose significant challenges for the SSE market. As organizations increasingly processed and stored sensitive data at the edge, there were growing worries about ensuring compliance with regulations and protecting user privacy. Meeting the requirements of different data protection laws and industry regulations while deploying SSE solutions could be demanding, particularly in highly regulated sectors such as finance and healthcare.
Security Service Edge Market Trends
Anticipated growth in the integration of AI and ML technologies within SSE solutions is expected. These technologies can enhance threat detection, automate responses to security incidents, and provide predictive analytics to identify potential risks. By leveraging AI and ML, SSE platforms may become more adaptive and capable of addressing emerging cyber threats in real-time. Against this backdrop, in June 2023, Cisco (CSCO), a forefront player in enterprise networking and security, is fulfilling its commitment to the AI-driven Cisco Security Cloud, aiming to streamline cybersecurity and enable optimal productivity regardless of the escalating threat landscape or remote work scenarios. This investment underscores Cisco's strategic focus on staying at the forefront of innovation in the ever-evolving field of cybersecurity. More efforts in this direction will help strengthen the market forecast.
Security Service Edge Market Analysis
Learn more about the key segments shaping this market
Based on component, the market is divided into solution and service. The solution segment accounted for around 60% of the market share in 2023 and is anticipated to experience substantial growth over the forecast period. The increasing adoption of Security Service Edge (SSE) solutions, encompassing technologies like FWaaS (Firewall as a Service), ZTNA (Zero Trust Network Access), SWG (Secure Web Gateways), CASB (Cloud Access Security Broker), and others, is propelled by the imperative to fortify cybersecurity in dynamic digital landscapes.
Organizations are drawn to the seamless protection SSE offers against evolving threats, ensuring secure access to applications and data from any location. The flexibility, scalability, and centralized management of security policies provided by SSE solutions align with the demands of modern, dispersed work environments, fostering their widespread adoption across diverse industries.
Learn more about the key segments shaping this market
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Based organization size, the security service edge market is categorized into large organization and SME’s. The large organization segment accounted for a market share of around 65% in 2023 and is poised for significant growth over the forecast period. Large enterprises are increasingly turning to Security Service Edge (SSE) solutions and services to fortify their cybersecurity postures. The scalability and adaptability of SSE caters to the complex and expansive digital infrastructures of large enterprises. Offering comprehensive protection against evolving threats, SSE ensures secure remote access and data transmission.
With centralized management these solutions provide efficient control over security policies, a critical factor in navigating the sophisticated threat landscape. As large enterprises prioritize robust cybersecurity measures, SSE emerges as a vital component, meeting the demands of their intricate IT ecosystems and diverse workforce needs.
Looking for region specific data?
Noth America is experiencing growth in the security service edge market. The region accounted for a market share of over 35% in 2023 and is slated to register significant growth over the forecast period. The region's proactive approach toward cybersecurity, coupled with a high level of digitalization, has fueled the demand for advanced security solutions. As organizations increasingly adopt remote and hybrid work models, SSE's ability to secure edge environments becomes crucial.
Moreover, the region's well-established technological infrastructure and a robust ecosystem of cybersecurity providers contribute to the growth of SSE services. The emphasis on data privacy and compliance further propels the adoption of SSE solutions, making North America a key hub for the flourishing SSE industry.
Security Service Edge Market Share
Zscaler and Palo Alto Networks dominate the security service edge industry. Leading players in the SSE industry are strengthening their presence through strategic measures such as investing in advanced technologies like AI and ML, enhancing integration capabilities, and focusing on scalable solutions to address evolving cybersecurity challenges and cater to diverse organizational needs.
Market players are expanding their business presence by entering new geographic regions. Establishing a global footprint allows them to cater to the security needs of multinational corporations. Additionally, forming strategic partnerships with other technology vendors, cloud service providers, or industry-specific organizations helps create synergies and enhances market reach.
Security Service Edge Market Comapnies
Major players operating in the security service edge industry are
- Zscaler
- Palo Alto Networks
- Cisco Systems, Inc
- Netskope
- Forcepoint
- Skyhigh Security
- Lookout, Inc.
- Broadcom Inc.
- Cloudflare
- Iboss
Security Service Edge Industry News
- In July 2023, Netskope, unveiled a fresh collaboration with Wipro Limited. This partnership aims to provide resilient cloud-native Managed Secure Access Service Edge (SASE) and Managed Zero Trust Network Access (ZTNA) services to Wipro's vast global enterprise client base.
The security service edge market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) from 2018 to 2032, for the following segments
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By Component, 2018 – 2032
- Solution
- Secure Web Gateways (SWG)
- Firewall-as-a-Service (FWaaS)
- Zero Trust Network Access (ZTNA)
- Cloud Access Security Broker (CASB)
- Others
- Services
- Professional services
- Managed services
By Organization Size, 2018 – 2032
- Large Organization
- SME's
By End-user, 2018 – 2032
- BFSI
- IT & Telecom
- Retail & E-commerce
- Healthcare
- Government
- Manufacturing
- Others
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Russia
- Asia Pacific
- China
- India
- Japan
- South Korea
- Southeast Asia
- ANZ
- Latin America
- Brazil
- Mexico
- Argentina
- MEA
- UAE
- Saudi Arabia
- South Africa
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