Global Secure Access Service Edge Market Research Report: Forecast (2024-2030)

Market Definition

Security Access Service Edge (SASE) refers to solutions that help in managing the network security within the organization

Market Insights & Analysis: Global Secure Access Service Edge Market (2024-30):

The Global Secure Access Service Edge Market size is valued at USD 2.12 billion in 2023 & is estimated to grow at a CAGR of around 26.74% during the forecast period, i.e., 2024-30. The factors responsible for the surge in the demand for SASE solutions across the globe are increasing cybersecurity breaches, the growing shift of organizations towards digital media, and the implementation of stringent standards regarding cybersecurity.

Over the years, technology has consistently evolved and this advancement in tech has resulted in higher cyberattacks across the globe. As per the statistics by the Security Journal, as of 2023, there were almost 2,200 cyber breaches each day. These cyberattacks majorly result in the loss of critical client information & financial damage. According the Security Intelligence, in 2023, the cybercrimes resulted in approximately USD10.3 billion in losses. Therefore, to safeguard the organization from these phishing activities, the top companies are increasingly using the secure access service edge solutions, driving the Global Secure Access Service Edge Market.

Additionally, the higher internet penetration & smartphone accessibility worldwide has increased. According to the Global System for Mobile Communications (GSMA), more than 54%, i.e., around 4.3 billion individuals own a smartphone. The higher mobile phone penetration is resulting in the generation of vast amounts of data. Based on the research by Edge Delta, a leading software company, each individual generates more than 15 TB of data daily. Therefore, organizations are increasingly opting for cloud storage solutions. As per Colorlib, almost 94% of companies worldwide use cloud computing to ease their operation tasks. The increasing dependency on cloud solutions is resulting in data leakage and malware attack risks. Hence, the enterprises are actively amalgamating the SASE solutions within their cloud infrastructure, enlarging the Global Secure Access Service Edge Market size.

Moreover, organizations globally are adopting a hybrid working model to ensure better employee productivity. According to the US Chamber of Commerce, more than 60% of the companies in the country are operating in a hybrid model and around 20% of enterprises have adopted a fully remote model. This shift towards a hybrid working model necessitates the adoption of SASE since it provides secure remote access to corporate applications, thereby, enhancing Global Secure Access Service Edge Market growth.

Global Secure Access Service Edge Market Driver:

Increasing Implementation of Data Protection Laws Amplifying the Market Growth – In recent years, majority of the organizations across the globe have digitalized and started offering products & services via digital platforms. According to the International Data Corporation (IDC), as of 2024, more than 75% of organizations across the globe are prioritizing digital transformation, an increase of about 19% compared to 2021. The reliance on the digital platform facilitates the risks of malicious malware intrusion. Therefore, to safeguard the consumers’ data from online attack, the governing bodies across the Globe are laying data protection laws. For instance,

• In 2023, the Digital Personal Data Protection Bill was introduced in India. This law states that companies to guarantee the safeguarding of the individual’s data by adopting efficient security solutions.

Additionally, these laws mandate the adoption of solutions within the organization to ensure the protection of the consumers’ critical information. Hence, to comply with these standards the organizations are actively opting for the SASE solutions, uplifting the Global Secure Access Service Edge Market growth.

Global Secure Access Service Edge Market Opportunity:

Expansion of 5G Networks to Boost Market Growth – Many regions across the globe are witnessing surging deployment of 5G networks to provide consumers with better connectivity & faster web results. According to the 5G Americas Organization, as of 2022, there are around 1.05 billion 5G connections, an increase of about 76% compared to the previous year. These networks are based on complex network architecture, making them susceptible to vulnerabilities. Therefore, to eradicate these network attacks, telecom companies are increasingly adopting SASE solutions, uplifting the Global Secure Access Service Edge Market.

Moreover, the telecom operators are planning to increase the deployment in several regions in the forecast period. Based on the study by the GSMA company, the 5G connections are expected to reach approximately 6 billion by 2027. Therefore, the need for security solutions would continue to elevate, boosting Global Secure Access Service Edge Market growth in forecast years.   

Global Secure Access Service Edge Market Challenge:

Complex Integration & Cost-Intensive Implementation Hinders Market Growth – Several Organizations across the globe are based on traditional technology. The cost required to replace their conventional security solutions with SASE services is relatively higher. Therefore, enterprises with financial constraints refrain from opting for these solutions, hampering market growth. Additionally, the process of the replacement usually takes a long duration, which negatively impacts the operational efficiency of the organizations. As a result, the companies use traditional security solutions rather than SASE-based security services, hampering the Global Secure Access Service Edge Market growth.  

Global Secure Access Service Edge Market (2024-30): Segmentation Analysis

The Global Secure Access Service Edge Market study of MarkNtel Advisors evaluates & highlights the major trends & influencing factors in each segment & includes predictions for the period 2024–2030 at the regional levels. Based on the analysis, the market has been further classified as:

Based on Product Type:

• Software
• Services
  • Network-as-a-Service
  • Security-as-a-Service

Of them all, Services hold a prominent market share in the Global Secure Access Service Edge Market. Few organizations, especially in underdeveloped & developing nations have limited knowledge about secure access service edge and its implementation. Therefore, before opting for the software, these organizations seek services that include consultation & training required for the implementation of the SASE. These services eradicate the apprehensions regarding the functioning of the SASE solutions, thereby, building trust.

Additionally, the increasing collaborations between the managed service providers & security vendors to incorporate these services within the infrastructure is also elevating the market share of services in the Global Secure Access Service Edge Market. Moreover, these services are emerging as a popular choice since they are increasingly used for ensuring security within data centers. Therefore, the rising establishment of data centers across the globe would continue to uplift the market growth in the forecast years.

Based on End User:

• Government
• BFSI
• Retail & E-Commerce
• IT & ITES
• Healthcare
• Energy & Utilities
• Telecom
• Others (Manufacturing, etc.)

Among them, BFSI holds a notable market share in the Global Secure Access Service Edge Market. Financial institutions across the globe have adopted digital technologies to provide better services to consumers and improve their quality of living. The banks across the globe have increasingly started offering digital services to offer flexibility to the consumers. Moreover, consumers are also making the majority of their financial transactions via digital means, which puts their financial information and money at risk. Therefore, the financial as well as non-financial institutions across the globe are increasingly amalgamating these SASE solutions to safeguard the consumer’s money. This is consequently enhancing the Global Secure Access Service Market growth.

Global Secure Access Service Edge (SASE) Market (2024-30): Regional Projection

Geographically, the Global Secure Access Service Edge Market expands across:

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

Geographically, Asia-Pacific holds a dominant market share in the Global Secure Access Service Edge Market. The official authorities in the Asia-Pacific countries are increasingly laying digitalization initiatives owing to which the organizations in the region are increasingly adopting digital solutions. The increasing incorporation of these emerging technologies is resulting in the requirement for security solutions. Hence, the companies in the Asia-Pacific are adopting the SASE solutions. Additionally, the favorable business environment in these nations is leading to the entry of the various top companies in this region. These companies are also conducting their operations via online channels. Hence, the safety of the company’s critical data is becoming paramount, leading the organizations in the APAC to actively utilize SASE solutions.

Global Secure Access Service Edge Industry Recent Development:

• 2023: McAfee: Launched a new integrated architecture solution to secure the cloud-native application ecosystem. These solutions would map down the threats and enable the organizations to prepare a framework to refrain from attacks.
• 2023: Cisco: Launched a new AI-driven cloud security solution that remediates security incidents more efficiently using evidence-backed automation.

Gain a Competitive Edge with Our Global Secure Access Service Edge Market Report

• Global Secure Access Service Edge Market Report by MarkNtel Advisors provides a detailed & thorough analysis of market size & share, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of the market dynamics & make informed decisions.
• This report also highlights current market trends & future projections, allowing businesses to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
• Global Secure Access Service Edge Market Report aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks & optimize their operations.