Press Release

Global Secure Access Service Edge Market to Record a Substantial CAGR of Around 26.74% During 2024-2030

The Global Secure Access Service Edge Market is projected to grow at a CAGR of 26.74% during the forecast period of 2024-30, cites MarkNtel Advisors in the recent research report. The factors that positively influence the market growth are rising cyber security threats in different industries, increasing adoption of cloud computing, and implementation of data protection laws.

In recent years, there has been a rise in mobile phone penetration due to rising fund allocation to build digital infrastructure. These higher mobile phone users generate huge amounts of data, owing to which, the enterprises need solutions to store the user-generated data. Thus, companies are actively opting for cloud-based solutions. This increasing reliance on the cloud makes the data more susceptible to online threats, making it necessary for organizations to adopt security solutions.

Additionally, cybersecurity attacks have consistently increased over the years. This is resulting in the loss of critical information. Therefore, organizations across the globe are allocating substantial funds to incorporate security solutions within their infrastructure. Consequently, this is elevating the adoption of SASE solutions, thereby driving the Global Secure Access Service Edge Market.

Moreover, the governments of the developed & developing nations are also recognizing the importance of data security. Therefore, they are implementing stringent laws & standards that necessitate the adoption of security solutions within an organization. The compliance with these standards would continue to uplift the demand for the SASE solutions, uplifting the Global Secure Access Service Edge Market om forecast years., further states the research report, “Global Secure Access Service Edge Market Analysis, 2024.”

Global Secure Access Service Edge Market Segmentation Analysis

BFSI Dominates the Global Secure Access Service Edge Market

Based on the End User segment, the market is further bifurcated into, Government, BFSI, Retail & E-Commerce, IT & ITES, Healthcare, Energy & Utilities, and Telecom. Of them all, BSFI holds a notable market share in the Global Secure Access Service Edge Market. The increasing shift of consumers towards online payment platforms is elevating the risk of malicious activities. These cyber threats result in financial loss. Therefore, financial institutions across the globe are increasingly opting for security solutions to safeguard finances and user information. Additionally, the banks & insurance companies are actively integrating the emerging technologies within their digital eco-systems to carry out the daily operations smoothly. This amalgamation of emerging technologies puts the data of the banks at risk. Hence, it is becoming important for the BFSI sector to use the SASE solutions, enlarging the Global Secure Access Service Edge market size.

Asia-Pacific Outperforms in the Global Secure Access Service Edge Market

Geographically, Asia-Pacific holds a prominent market share in the Global Secure Access Service Edge Market. Asia-Pacific nations are undergoing rapid transformation owing to the rising implementation of digitalization initiatives. These initiatives are facilitating the adoption of digital solutions within the different industry verticals in the region. This increasing transition towards digital services is amplifying the need for a secure solution, amplifying the market growth. Additionally, the governing authorities in the Asia-Pacific countries are easing the corporate taxes, which is creating a business favorable environment for IT & Telecom companies. Therefore, the region is witnessing an increase in the arrival of top IT & Telecom companies. The expansion of these IT & Telecom units is further necessitating the adoption of the SASE to ensure smooth data sharing over the network, amplifying the Global Secure Access Service Edge Market.

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market players, including McAfee, Cisco, Palo Alto Networks, Barracuda Networks, Inc., Check Point Software Technologies Ltd., Open Systems, Versa Networks, Inc., VMware Inc., Hewlett Packard Enterprise Development LP, Cato Networks, Twingate, Secucloud SASE, Akamai Technologies Inc., Zscaler SASE, Perimeter 81 are looking forward to strengthening their market position.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the globe?
4. How has the industry been evolving in terms of geography & service adoption?
5. How has the competition been shaping across various regions?
6. How has the buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2019-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?