Secure Access Service Edge Market (Component - Verticals, and Services; Organization Size - SMEs, and Large Enterprise; Verticals - Government, Government BFSI, Retail and Ecommerce, IT and ITeS, and Other Verticals): Global Industry Analysis, Trends, Size, Share and Forecasts to 2027

A recent report published by Infinium Global Research on the secure access service edge market provides in-depth analysis of segments and sub-segments in the global as well as regional secure access service edge market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional secure access service edge market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global secure access service edge market. According to the report, the global secure access service edge market was valued at USD 918 Million in 2021 and expected to reach USD 5695 Million in 2027, with a CAGR of 35.5% during the forecast period.

Market Insight

Secure Access Service Edge (SASE) simplifies wide-area networking and security in which networking and security functions converge into a single integrated service to deliver security and performance. SASE’s solutions and services meet the challenges of the digital business revolution, edge computing, and workforce mobility. Data moving from the data center to cloud services with an increase in remote users and software-as-a-service (SaaS) applications. The need for a new approach for network security has risen as more traffic going to public cloud services and branch offices than back to the data center.

The rising need for unified network security architecture is the key driving factor for the market. SASE rolls software-defined wide-area networking (SD-WAN) and security into a cloud service that promises simplified WAN deployment, improved efficiency, and security, and provides appropriate bandwidth per application. The growth can be attributed to the rising preference for remote working due to the COVID-19 pandemic, and the Lack of security tools and processes are other driving factors for the SASE market. The factors such as rising preference for remote working practices, increase in traffic across public clouds, and the increasing dependence on data centers are further adding to the data security risks. The rising demand for ensuring secure access to data and networks at this juncture is driving the need for advanced network approaches and technologies. However, managing all these security solutions is turning out to be a complex task that can restrain the market growth. Moreover, an increase in the adoption of cloud-based services among SMEs is anticipated to provide lucrative growth opportunities to the market players. The outbreak of coronavirus & the resulting shift towards remote connectivity has rapidly increased the Cloud and SaaS adoption by enterprises to ensure continuity of business. SASE services have become a top priority in the security strategy for enterprises across the globe with business-critical applications and data being accessed by employees remotely through insecure & unreliable networks & devices.

Geographically, the North American region accounted for the largest market share for secure access service edge. This region is identified as the major adopter of emerging IT technologies. The growing adoption of cloud services is also driving the demand for secure access service edges in this region. The Asia Pacific and European regions have the fastest-growing market. The growing adoption of cloud-based enterprise applications and growing technological advancement are influencing the market growth in the Asia Pacific and Europe. Furthermore, the escalating amount of data, investments in the market and increasing penetration of the internet is propelling the market growth in the Asia Pacific and Europe regions.

Segment Covered

The report on global secure access service edge market covers segments such as component, organization size, and verticals. On the basis of component, the sub-markets include verticals, and services. On the basis of organization size, the sub-markets include SMEs, and large enterprise. On the basis of verticals, the sub-markets include government, government BFSI, retail and ecommerce, IT and ITeS, and other verticals.

Companies Profiled:

The report provides profiles of the companies in the market such as Cato Networks, Check Point Software Technologies Ltd., Barracuda Networks, Inc., Cisco, Hewlett Packard Enterprise Development LP, McAfee, LLC, Versa Networks, Inc., VMware, Inc., Open Systems, and Palo Alto Networks.

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of secure access service edge market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.