Global Secure Access Service Edge (SASE) Market Size By Component (Platform, Services), By Application (IT And Telecom, BFSI, Manufacturing, Retail And E-commerce), By Geographic Scope And Forecast

Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format

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Secure Access Service Edge (SASE) Market Valuation – 2024-2031

So, what's fueling the buzz around secure access service edge (SASE)? Well, it's really about how businesses are changing. Think about itmore people working remotely, companies depending on cloud services, and those cyber threats getting seriously tricky. Plus, everyone's looking to save money and make things run smoother. Add to that the explosion of IoT devices, rules about regulatory compliance, and the constant pressure for faster networks, and you've got a perfect storm driving the need for SASE. By bringing together network and security in the cloud, SASE is like a one-stop shop for tackling today's IT headaches. The market is expected to jump from a USD 1.8 Billion valuation in 2023 to around USD 14.40 Billion by 2031!

Regulatory compliance and data privacy obligations are becoming more stringent across industries. Organizations must protect their data and comply with regulations like GDPR, HIPAA, and CCPA. SASE gives full visibility and control over data flows and access allowing enterprises to efficiently enforce compliance standards. By centralizing security policies and guaranteeing consistent application across all access points, SASE assists enterprises in meeting regulatory obligations more effectively while avoiding costly fines and reputational harm by enabling the market to grow at a CAGR of 26% from 2024 to 2031. 

Secure Access Service Edge (SASE) MarketDefinition/ Overview

Think of Secure Access Service Edge (SASE) as a fresh approach to networking, designed to keep up with how businesses actually work today – all spread out and always changing. Basically, it's about blending all the things you need for your network (the full WAN capabilities) with serious security smarts. Gartner came up with the idea back in 2019, envisioning a way to merge wide-area networking (WAN) with critical network security tools, like Secure Web Gateway (SWG), Cloud Access Security Broker (CASB), Firewall as a Service (FWaaS), and Zero Trust Network Access (ZTNA). The goal? To deliver everything as one easy-to-manage service from the cloud. This setup is perfect for today's digital-first businesses where everyone's using cloud services, working on the go, and needs secure, reliable access to their apps, no matter where they are.

SASE marks a substantial shift in how enterprises approach network security and connectivity. SASE solves the limits of traditional network architectures by combining SD-WAN with a comprehensive suite of security services supplied via cloud-native architecture resulting in a scalable, adaptable, and secure solution for modern companies. Its emphasis on identity-driven security, zero trust principles, and the as-a-service delivery architecture increases businesses’ security posture while simultaneously improving network performance and operational efficiency.

The integration of SASE with upcoming technologies such as 5G, Internet of Things (IoT), and artificial intelligence (AI) will be critical to its future development. As 5G networks become more popular, robust security protocols will be required to secure the massive amounts of data carried at unprecedented rates. SASE’s cloud-native architecture and ability to deploy security services closer to the network edge make it well-suited to meeting these requirements. Similarly, the growing number of IoT devices which frequently operate in decentralized contexts will benefit from SASE’s ability to apply uniform security principles across heterogeneous and distributed networks.

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Will the Increasing Cyberattacks and Data Breaches Drive the Secure Access Service Edge Sase (SASE) Market?

Lately, everyone's been talking about cloud services, and honestly, they're kind of a big deal. They've totally changed how companies do things, no matter what industry they're in. As businesses move their stuff – their data and apps – to the cloud, hoping to work smarter, spend less, and grow faster, the need for seriously strong cybersecurity is skyrocketing. All these new cloud-based apps? They've also created new ways for hackers to sneak in and steal data. That means we need better, stronger ways to protect our sensitive info and keep everything running smoothly. That's where Safe Access Service Edge (SASE) comes in. It's a way to handle security that looks at the whole picture, helping to cut costs, keep things simple, provide continuous safe access, and make sure that working remotely or on the go is way more secure.

Several factors have influenced the switch to cloud-based applications including a need for enhanced operational efficiency, cost savings, and the capacity to dynamically scale resources. Cloud services enable enterprises to access computer resources on demand avoiding the need for large upfront investments in hardware and infrastructure. This adaptability allows organizations to respond swiftly to changing market conditions and grow their operations to suit shifting needs.

Secure Access Service Edge (SASE) is expected to play an important role in improving cybersecurity and meeting the changing needs of modern companies. SASE solves the complexities and constraints of securing cloud-based settings by delivering a unified, cloud-native solution that unifies different security tasks. As the demand for secure, scalable, and adaptable security solutions grows, SASE will become an indispensable tool for enterprises looking to protect their digital assets and preserve the integrity of their operations in an increasingly interconnected world.

Will Migration of IT infrastructure to Public Clouds Hamper the Secure Access Service Edge Sase (SASE) Market?

As enterprises shift more applications and workloads to public cloud environments, data security becomes increasingly important. The use of secure access service edge (SASE) frameworks seeks to combine network and security tasks but it also introduces new complications and constraints. One major problem is that responsibility for cloud security is shared by cloud service providers (CSPs) and the enterprises who use them. This shared responsibility paradigm necessitates a thorough understanding of where CSP obligations end and user responsibilities begin.

The complexity of handling security policies and configurations inside a SASE framework in the cloud should not be underestimated. Cloud infrastructures are inherently dynamic with resources and configurations constantly changing as applications grow and adapt. This dynamic nature makes it difficult to establish consistent security policies and controls. Organizations must constantly monitor their cloud infrastructures, change security configurations, and guarantee adherence to security standards.

Although the use of secure access service edge (SASE) frameworks in public cloud environments has various advantages, it also poses considerable issues in terms of data security. Organizations must traverse the intricacies of the shared responsibility model, manage sophisticated security setups, and respond to the changing threat landscape. Organizations can effectively secure their SASE deployments and protect their sensitive data and apps in the cloud by adhering to best practices and establishing close collaboration with CSPs and security partners.

Category-Wise Acumens

Will the Increasing Demand for Training And Advisory Services Drive the Component Segment?

The services part of the secure access service edge (SASE) market? Yeah, that's where things are really taking off, growing like crazy! You can thank the huge need for training and advice on how to actually get SASE up and running right. Think about itcompanies are trying to go digital, and they're stumbling over how to fit all these new gadgets into their current systems. SASE is complex stuff, so businesses really need the training and consulting to make sure they're actually getting the most out of it.

The growing need for training services is most obvious among businesses that are implementing SASE for the first time. These enterprises require substantial training and assistance on the many SASE components such as secure web gateways (SWG), cloud access security brokers (CASB), firewall as a service (FWaaS), and zero trust network access (ZTNA). SASE suppliers and third-party consultants give training programs to help IT teams comprehend the complexities of these components allowing them to implement and operate SASE solutions more successfully.

The services segment of the SASE market is expected to grow significantly over the forecast period driven by a number of factors such as increased demand for training and advisory services, comprehensive evaluations of existing IT infrastructures, partnerships between MSPs and security manufacturers, and the proliferation of cloud-based applications and remote work models. The integration of modern technology, regulatory compliance requirements, the development of new service offerings, and increasing R&D spending will all help to accelerate the services segment’s growth.

Will the Increasing Need for Secure Network Infrastructure Services Drive the Application Segment?

The healthcare industry is expected to have the fastest compound annual growth rate (CAGR) in the secure access service edge (SASE) market. This predicted spike is mostly driven by rising demand for secure network infrastructure services from established healthcare providers. The sector’s reliance on sophisticated technology, notably telemedicine and data analytics highlights the importance of strong security procedures in protecting sensitive patient information and ensuring seamless communication between healthcare professionals and patients.

The future of SASE in the healthcare sector seems optimistic with further improvements likely to improve its capabilities. Advances in artificial intelligence (AI) and machine learning (ML) will allow for more advanced threat detection and response methods increasing the overall security posture of healthcare networks. AI-powered analytics can provide real-time insight into network behavior detecting possible risks before they cause harm.

The healthcare segment is expected to witness the fastest growth in the SASE market during the forecast period. This expansion is being driven by the rising demand for secure network infrastructure services to support telemedicine, advanced data analytics, IoT device integration, regulatory compliance, and improved patient-provider communication. As healthcare businesses embrace digital transformation, SASE will play an increasingly important role in guaranteeing the security, scalability, and performance of their network infrastructure.

Gain Access into Secure Access Service Edge (Sase SASE) Market Report Methodology

Country/Region Wise Acumens

Will the Increasing Threats of Cyberattacks on Crucial IT Infrastructures Drive the Asia Pacific Region?

The Asia Pacific region is expected to have the greatest and fastest growth in the secure access service edge (SASE) market during the forecast period. Several reasons contribute to this amazing expansion which is fueled by regionally specific macroeconomic and technical trends. This detailed analysis delves into the primary drivers which include aggressive business investments in IT security infrastructure in China, India, and Japan, the growth of the digital workforce and the Bring Your Own Device (BYOD) trend, and the implementation of stringent security framework regulations in response to escalating cyber threats.

The digital workforce in the Asia Pacific region is expanding at an unprecedented rate. This growth is being driven by a number of factors including increasing internet penetration, the proliferation of smartphones, and the rise of remote working models. Additionally, the COVID-19 pandemic has accelerated the shift to remote and hybrid work settings compelling businesses to embrace new operational paradigms. This shift is likely to highlight the significance of advanced security frameworks that provide secure access to company resources from anywhere.

Will Increasing Adoption of Cloud Services Drive Propel Growth of SASE Market in the North American Region?

North America is emerging as the global leader in the Secure Access Service edge (SASE) industry accounting for more than 48% of total revenue. This strong market dominance is likely to remain during the forecast period owing to a combination of technology breakthroughs, major IT infrastructure investments, and widespread adoption of cloud services. The region’s powerful IT ecosystem which is defined by aggressive spending and innovation offers fertile ground for developing market firms looking to build a presence.

The North American SASE market is drawing an increasing number of rising market participants looking to capitalize on the region’s strong IT infrastructure and technical advances. These new players bring novel ideas and competitive pricing which add to the market’s overall dynamic and growth. Their existence also encourages increased competition which forces existing firms to constantly improve their offers and maintain their market positions.

North America’s dominance in the SASE industry stems from a mix of technological innovation, significant IT infrastructure investment, and a proactive approach to cybersecurity. As the region continues to lead in these areas it is well-positioned to drive future growth and development in the global SASE market. Emerging market participants, growing cloud use, and a continuous quest of innovative security solutions will keep North America at the forefront of this dynamic and rapidly changing sector.

Competitive Landscape

The secure access service edge (SASE) Market is a dynamic and competitive space, characterized by a diverse range of players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions, and political support. The organizations are focusing on innovating their product line to serve the vast population in diverse regions.

Some of the prominent players operating in the secure access service edge (SASE) market include

Akamai Technologies, Bitglass, Cato Networks, Check Point Software Technolc, Cisco Systems, Cloudflare, Cyxtera, Forcepoint, Fortinet, McAfee, Netskope, Palo Alto Networks, SonicWall, Versa Networks, Zscaler.

Latest Developments

  • In September 2022, Aryaka has teamed with Jenne Inc. to provide SD-WAN and SASE to its enterprise business customers. Aryaka’s newly managed SD-WAN and SASE solutions provide Jenne sales partners with various advantages, including greater total addressable market, simplified packaging and pricing, and a co-managed network option.
  • In May 2023, Kyndryl announced the availability of a managed secure access service edge (SASE) solution powered by Fortinet to help clients implement sophisticated network security measures. The solution combines fortinet’s industry-leading cloud-delivered security and secure networking solutions with Kyndryl’s network and security services to design, develop, maintain, and modernize mission-critical networking for customers across several industries.

Report Scope

REPORT ATTRIBUTESDETAILS
Study Period

2018-2031

Growth Rate

CAGR of ~26% from 2024 to 2031

Base Year for Valuation

2023

Historical Period

2018-2022

Forecast Period

2024-2031

Quantitative Units

Value in USD Billion

Report Coverage

Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis

Segments Covered
  • Component
  • Application
Regions Covered
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
Key Players

Akamai Technologies, Bitglass, Cato Networks, Check Point Software Technolc, Cisco Systems, Cloudflare, Cyxtera, Forcepoint, Fortinet, McAfee, Netskope, Palo Alto Networks, SonicWall, Versa Networks, Zscaler

Customization

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Secure Access Service Edge (SASE) Market, By Category

Component

  • Platform
  • Services

Application

  • IT & Telecom
  • Banking, Financial Services, and Insurance (BFSI)
  • Manufacturing
  • Retail & E-commerce
  • Healthcare
  • Government
  • Energy & Utilities

Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Research Methodology of Market Research

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