Market Research Report

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

Secure Access Service Edge Market Report - By Product Type (Software, Services, [Network-as-a-Service, Security-as-a-Service]), By Organization Size (Large Enterprise, Small & Medi...um Enterprise), By End User (Government, BFSI, Retail & E-Commerce, IT & ITES, Healthcare, Energy & Utilities, Telecom) and Others Read more

  • ICT & Electronics
  • May 2024
  • 232
  • PDF, Excel, PPT

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.

Report Coverage Details
Study Period Historical Data: 2019-22
Base Year: 2023
Forecast Period: 2024-30
CAGR (2024-2030) 26.74%
Regions Covered North America: US, Canada, Mexico
Europe: Germany, The UK, France, Spain, Italy, Rest of Europe
Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific
South America: Brazil, Argentina, Rest of South America
Middle East & Africa: UAE, Saudi Arabia, South Africa, Rest of MEA
Key Companies Profiled 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, Others
Market Value (2023) USD 2.12 Billion

 

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.


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

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.

Frequently Asked Questions

   A. The Secure Access Service Edge Market is expected to grow at a compound annual growth rate (CAGR) of 26.74% from 2024 to 2030

   A. The Secure Access Service Edge Market size was estimated at USD 2.12 Billion in 2023.

   A. Increasing Implementation of Data Protection Laws is expected to drive the Secure Access Service Edge Market during 2024-30

   A. The top secure access service edge companies in the market are 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 and others.

   A. BFSI held the largest share of the Secure Access Service Edge Market

   A. Asia-Pacific would present growth prospects in the Secure Access Service Edge Market during 2024-30

   A. Expansion of 5G Networks are the growth opportunities driving the Secure Access Service Edge Market

  1. Market Segmentation
  2. Introduction
    1. Market Definition
    2. Research Process
    3. Assumption
  3. Executive Summary
  4. Global Secure Access Service Edge Market Patent Analysis
  5. Global Secure Access Service Edge Market Start-up Ecosystem
    1. Entrepreneurial Activity
    2. Funding Received by Top Companies
    3. Key Investors Active in The Market
    4. Series-wise Funding Received
      1. Seed Funding
      2. Angel Investing
      3. Venture Capitalists (VC) Funding
      4. Others
  6. Global Secure Access Service Edge Market Trends & Insights
  7. Global Secure Access Service Edge Market Dynamics
    1. Growth Drivers
    2. Challenges
  8. Global Secure Access Service Edge Market Hotspot & Opportunities
  9. Global Secure Access Service Edge Market Regulation & Policy
  10. Global Secure Access Service Edge Market Outlook, 2019-2030
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Product Type
        1. Software- Market Size & Forecast 2019-2030, (USD Million)
        2. Services- Market Size & Forecast 2019-2030, (USD Million)
          1. Network-as-a-Service- Market Size & Forecast 2019-2030, (USD Million)
          2. Security-as-a-Service- Market Size & Forecast 2019-2030, (USD Million)
      2. By Organization Size
        1. Large Enterprise- Market Size & Forecast 2019-2030, (USD Million)
        2. Small & Medium Enterprise- Market Size & Forecast 2019-2030, (USD Million)
      3. By End User
        1. Government- Market Size & Forecast 2019-2030, (USD Million)
        2. BFSI- Market Size & Forecast 2019-2030, (USD Million)
        3. Retail & E-Commerce- Market Size & Forecast 2019-2030, (USD Million)
        4. IT & ITES- Market Size & Forecast 2019-2030, (USD Million)
        5. Healthcare- Market Size & Forecast 2019-2030, (USD Million)
        6. Energy & Utilities- Market Size & Forecast 2019-2030, (USD Million)
        7. Telecom- Market Size & Forecast 2019-2030, (USD Million)
        8. Others (Manufacturing, etc.) - Market Size & Forecast 2019-2030, (USD Million)
      4. By Region
        1. North America
        2. South America
        3. Europe
        4. The Middle East & Africa
        5. Asia-Pacific
      5. By Company
        1. Competition Characteristics
        2. Revenue Shares
  11. North America Secure Access Service Edge Market Outlook, 2019- 2030
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Product Type- Market Size & Forecast 2019-2030, (USD Million)
      2. By Organization Size- Market Size & Forecast 2019-2030, (USD Million)
      3. By End User- Market Size & Forecast 2019-2030, (USD Million)
      4. By Country
        1. The US
        2. Canada
        3. Mexico
    3. The US Secure Access Service Edge Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Product Type- Market Size & Forecast 2019-2030, (USD Million)
        2. By End User- Market Size & Forecast 2019-2030, (USD Million)
    4. Canada Secure Access Service Edge Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Product Type- Market Size & Forecast 2019-2030, (USD Million)
        2. By End User- Market Size & Forecast 2019-2030, (USD Million)
    5. Mexico Secure Access Service Edge Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Product Type- Market Size & Forecast 2019-2030, (USD Million)
        2. By End User- Market Size & Forecast 2019-2030, (USD Million)
  12. South America Secure Access Service Edge Market Outlook, 2019- 2030
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Product Type- Market Size & Forecast 2019-2030, (USD Million)
      2. By Organization Size- Market Size & Forecast 2019-2030, (USD Million)
      3. By End User- Market Size & Forecast 2019-2030, (USD Million)
      4. By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    3. Brazil Secure Access Service Edge Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Product Type- Market Size & Forecast 2019-2030, (USD Million)
        2. By End User- Market Size & Forecast 2019-2030, (USD Million)
    4. Argentina Secure Access Service Edge Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Product Type- Market Size & Forecast 2019-2030, (USD Million)
        2. By End User- Market Size & Forecast 2019-2030, (USD Million)
  13. Europe Secure Access Service Edge Market Outlook, 2019-2030
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Product Type- Market Size & Forecast 2019-2030, (USD Million)
      2. By Organization Size- Market Size & Forecast 2019-2030, (USD Million)
      3. By End User- Market Size & Forecast 2019-2030, (USD Million)
      4. By Country
        1. The UK
        2. Germany
        3. France
        4. Italy
        5. Spain
        6. Rest of Europe
    3. The UK Secure Access Service Edge Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Product Type- Market Size & Forecast 2019-2030, (USD Million)
        2. By End User- Market Size & Forecast 2019-2030, (USD Million)
    4. Germany Secure Access Service Edge Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Product Type- Market Size & Forecast 2019-2030, (USD Million)
        2. By End User- Market Size & Forecast 2019-2030, (USD Million)
    5. France Secure Access Service Edge Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Product Type- Market Size & Forecast 2019-2030, (USD Million)
        2. By End User- Market Size & Forecast 2019-2030, (USD Million)
    6. Italy Secure Access Service Edge Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Product Type- Market Size & Forecast 2019-2030, (USD Million)
        2. By End User- Market Size & Forecast 2019-2030, (USD Million)
    7. Spain Secure Access Service Edge Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Product Type- Market Size & Forecast 2019-2030, (USD Million)
        2. By End User- Market Size & Forecast 2019-2030, (USD Million)
  14. The Middle East & Africa Secure Access Service Edge Market Outlook, 2019-2030
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Product Type- Market Size & Forecast 2019-2030, (USD Million)
      2. By Organization Size- Market Size & Forecast 2019-2030, (USD Million)
      3. By End User- Market Size & Forecast 2019-2030, (USD Million)
      4. By Country
        1. Saudi Arabia
        2. The UAE
        3. South Africa
        4. Rest of the Middle East & Africa
    3. Saudi Arabia Secure Access Service Edge Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Product Type- Market Size & Forecast 2019-2030, (USD Million)
        2. By End User- Market Size & Forecast 2019-2030, (USD Million)
    4. The UAE Secure Access Service Edge Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Product Type- Market Size & Forecast 2019-2030, (USD Million)
        2. By End User- Market Size & Forecast 2019-2030, (USD Million)
    5. South Africa Secure Access Service Edge Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Product Type- Market Size & Forecast 2019-2030, (USD Million)
        2. By End User- Market Size & Forecast 2019-2030, (USD Million)
  15. Asia-Pacific Secure Access Service Edge Market Outlook, 2019-2030
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Product Type- Market Size & Forecast 2019-2030, (USD Million)
      2. By Organization Size- Market Size & Forecast 2019-2030, (USD Million)
      3. By End User- Market Size & Forecast 2019-2030, (USD Million)
      4. By Country
        1. China
        2. Japan
        3. South Korea
        4. India
        5. Australia
        6. Rest of Asia-Pacific
    3. China Secure Access Service Edge Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Product Type- Market Size & Forecast 2019-2030, (USD Million)
        2. By End User- Market Size & Forecast 2019-2030, (USD Million)
    4. Japan Secure Access Service Edge Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Product Type- Market Size & Forecast 2019-2030, (USD Million)
        2. By End User- Market Size & Forecast 2019-2030, (USD Million)
    5. South Korea Secure Access Service Edge Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Product Type- Market Size & Forecast 2019-2030, (USD Million)
        2. By End User- Market Size & Forecast 2019-2030, (USD Million)
    6. India Secure Access Service Edge Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Product Type- Market Size & Forecast 2019-2030, (USD Million)
        2. By End User- Market Size & Forecast 2019-2030, (USD Million)
    7. Australia Secure Access Service Edge Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Product Type- Market Size & Forecast 2019-2030, (USD Million)
        2. By End User- Market Size & Forecast 2019-2030, (USD Million)
  16. Global Secure Access Service Edge Market Key Strategic Imperatives for Success & Growth
  17. Competitive Outlook
    1. Company Profiles
      1. McAfee
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      2. Cisco
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      3. Palo Alto Networks
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      4. Barracuda Networks, Inc.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      5. Check Point Software Technologies Ltd.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      6. Open Systems
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      7. Versa Networks, Inc.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      8. VMware Inc.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      9. Hewlett Packard Enterprise Development LP
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      10. Cato Networks
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      11. Twingate
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      12.  Secucloud SASE
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      13. Akamai Technologies Inc.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      14. Zscaler SASE
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      15. Perimeter 81
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      16. Others
  18. Disclaimer


Secure Access Service Edge Market Segmentation