The secure access service edge (SASE) market involves an emerging security architecture that combines wide area networking (WAN) and network security services such as SD-WAN, firewalling, secure web gateway, and zero trust network access (ZTNA) capabilities into a global, cloud-based platform. SASE simplifies security aright from the branch to the cloud by converging WAN and network security services. Secure remote access is becoming increasingly important with Secure Access Service Edge Market Growth remote and hybrid workforces across many organizations. SASE addresses these needs by delivering consistent security policies and threat protections wherever users connect from.
The global SASE market is estimated to be valued at US$10 billion in 2024 and is expected to exhibit a CAGR of 18% over the forecast period 2024-2028.
Key Takeaways
Key players operating in the secure access service edge market are Cisco, Cato Networks, VMware, Zscaler, Palo Alto Networks, and Check Point Software Technologies.
Key opportunities in the SASE market include enhanced security for hybrid work environments, consolidation of network and security infrastructure, and growth of cloud-delivered services. Many organizations are adopting SASE solutions to securely support remote access needs and connectivity of their branch offices directly to cloud applications.
The global expansion of SASE vendors is evident from their increasing number of data center locations worldwide to deliver cloud-delivered WAN and security services with low latency. For example, Cato Networks and Cisco have expanded their points of presence significantly across major regions like North America, Europe, and Asia Pacific.
Market Drivers
Surging demand for secure access to applications from anywhere is a major market driver. The growing trends of remote and hybrid work have increased the need for consistent security policies for off-premises users. SASE convergence of networking and security addresses these modern business needs seamlessly.
Market Restraints
Lack of awareness about SASE benefits and architecture is one of the key restraints currently slowing down the mass adoption of this technology. Legacy investments in traditional network and security point solutions also make organizations hesitant to transition to the SASE model involving significant changes to infrastructure and tooling. Interoperability challenges between SASE platforms of different vendors further discourage some prospective buyers.
Segment Analysis
The Secure Access Service Edge market can be segmented based on component, deployment mode, organization size, vertical, and region. The solution segment dominated this market in terms of size, as it offers advantages such as centralized policy enforcement and management, zero-trust access, and seamless user experience across all applications. The solution helps enterprises secure and manage access to internal applications from any device or location. The cloud segment is expected to grow at a higher rate during the forecast period owing to scalability, agility, and cost-saving capabilities offered by cloud-based SAS-E solutions. Large enterprises are early adopters of the technology due to their diverse digital infrastructure and security needs. The BFSI vertical accounts for the largest share in the market as SAS-E solutions help financial organizations protect sensitive customer data and securely access cloud and on-premises applications.
Global Analysis
The North America region holds the major share of the global Secure Access Service Edge market and is expected to maintain its dominance during the forecast period. This growth can be attributed to the early adoption of advanced technologies and the presence of major solution providers in the region. The Asia Pacific region is projected to grow at the highest CAGR mainly due to increasing investments by enterprises for digital transformation across industries in major countries such as China, India, and Japan. In terms of revenue, the US and China constitute around 45% of the global market share. Latin America and Middle East & Africa are expected to show significant growth prospects for SAS-E solutions over the coming years.
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