Security Access Service Edge (SASE) simplifies the IT infrastructure & frees organizations from the responsibility of managing & systematically renewing multiple security systems. The need for unified & uncomplicated access to increase network security has led to the global emergence of SASE.
According to MarkNtel Advisors, the Global Secure Access Service Edge Market is projected to grow at a CAGR of around 31.2% during the forecast period, i.e., 2022-27. The market is driven primarily by the existing complexity & difficulties in network technologies that make it easier for cybercriminals to intrude.
Moreover, the rising inclination toward remotely working, increasing public cloud traffic, and mounting dependency on data centers are alarming the risks for data breaches & security issues. It, in turn, is significantly infusing the demand for SASE to secure data access and improve network security, further states the research report, “Global Secure Access Service Edge Market Analysis, 2022.”
|Study Period||Historical Data: 2017-20|
|Base Year: 2021|
|Forecast Period: 2022-27|
|Regions Covered||North America: USA, Canada|
|Europe: Germany, UK, France, Others|
|Asia-Pacific: China, Japan, Singapore|
|South America: Brazil, and Argentina|
|Middle East & Africa: UAE, Israel|
|Key Companies Profiled||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|
|Unit Denominations||USD Million/Billion|
Covid-19 Positively Influenced the Global Secure Access Service Edge Market
Based on the Product Type, the Global Secure Access Service Edge Market segments into:
Of them all, the demand for Services-based SASE is projected to display the fastest growth in the coming years. It owes to the rapidly increasing demand for services like consultation & training while implementing SASE frameworks and the mounting partnerships between Managed Service Providers (MSPs) & security vendors to provide integrated managed security & network services.
Under Services, the demand for Security-as-a-Service-based SASE shall observe a relatively higher growth rate than Network-as-a-Service in the coming period. Security-as-a-Service is providing the security technologies found in enterprise data centers in the form of cloud services. It is gaining significant traction worldwide as it provides secure access to applications & services regardless of where they are hosted. With rapid advances, most organizations nowadays find it difficult to develop & maintain their network infrastructure since it requires a lot of time, which, in turn, is driving the demand for Security-as-a-Service.
IT & Telecom Dominated the Global Secure Access Service Edge Market with the Largest Share
IT & ITES companies worldwide put immense efforts into adopting cloud-based infrastructure & introducing digital applications to drive their businesses. SASE brings networking & security to address the challenges emanating from applications outside the data center, sensitive data saved in multiple cloud services, and employees operating from different locations. Therefore, IT companies are actively looking for unified & secure networking solutions, which, in turn, drives the demand for SASE.
On the other hand, Telecom companies are massively investing in building a robust security framework since they revolve around data transfer that makes them prone to potential cyberattacks. Furthermore, the increasing awareness among telecom operators regarding various benefits associated with data & network security has also surged the adoption rate of SASE in telecom companies, reveals MarkNtel Advisors in their research report, “Global Secure Access Service Edge Market Analysis, 2022.”
Based on the Geography, the Global Secure Access Service Edge Market expands across:
Here, North America acquired the highest revenue share in the previous years and is anticipated to prevail the same trend in the forecast period. It owes primarily to burgeoning instances of cyberattacks & authentication frauds among large enterprises, particularly in the US & Canada, and the adverse impact of these attacks on the overall business operations, i.e., driving substantial investments in IT infrastructure, rapid technological advancements, and mounting adoption of cloud services across the region.
On the other hand, Asia-Pacific is projected to observe considerable market growth in the coming years. It owes prominently to the massive expenditure on IT infrastructure, particularly across China & Japan, coupled with the burgeoning adoption of 'Bring Your Own Device' (BYOD) & rapid digitalization in these countries, leading to the increasing risks of cyberattacks.
Key Questions Answered in the Market Research Report:
Frequently Asked Questions
A. The Global Secure Access Service Edge Market is likely to grow at a CAGR of around 31.2% in the coming period of 2022-27.
A. The demand for Services-based SASE is expected to witness the fastest growth during 2022-27 and provide lucrative opportunities to the market leaders.
A. The rapidly increasing need for a unified network security infrastructure, including capabilities like SD-WAN, SWG, and ZTNA, is the most prominent aspect likely to drive the Global Secure Access Service Edge Market through 2027.