Secure Access Service Edge Market: Current Analysis and Forecast (2024-2032)

Report Description

Secure Access Service Edge (SASE) Market Size & Forecast

The Secure Access Service Edge (SASE) market was valued at approximately USD 9.6 Billion in 2023 and is expected to grow at a robust CAGR of around 31.6% during the forecast period (2024-2032). The primary factor driving the growth of this market is the increasing adoption of cloud services and the need for robust cybersecurity solutions to protect digital infrastructure.

Secure Access Service Edge (SASE) Market Analysis

The market for SASE around the world is still emerging due to the greater need for cloud-based solutions in networking that are continuously demanded by digital transformation, work from home, and the emergence of cloud services. SASE unifies traditional networking duties with security functions in a single, cloud-based platform, and makes it easier for enterprises to integrate SASE into their existing network infrastructure, thus improving scalability and security. They are the expansion to zero-trust environments and the expanding demand for cyber protection, as well as compliance demands. North America holds the highest share in the market, with Europe and the Asia Pacific following suit; industries like IT, telecommunications, healthcare, and many others are using SASE to transition to a more secure platform.

There is high demand for zero-trust architectures since businesses are committed to safeguarding the security of their data and applications more so given the fact that the world is experiencing high levels of cyber threats due to the shift to remote working. For instance, In May 2024, boss, a company in cloud security for heavily regulated sectors, introduced its latest innovation: the Zero Trust SD-WAN solution. This launch positions the boss as a comprehensive Zero Trust SASE provider, seamlessly integrating its acclaimed Zero Trust SSE platform with the new SD-WAN offering. This unified solution enables organizations to establish secure connections across factories, branch offices, and data centers, eliminating the need for outdated firewalls and complex VPNs.

Secure Access Service Edge (SASE) Market Trends

This section discusses the key market trends influencing the secure access service edge (SASE) market segments as identified by our research experts.

Security as a Service Transforming Industry

The security as a service segment has significantly contributed to the market’s growth by capturing a substantial share within its offering segment. SECaaS is currently trending in the SASE market because companies are experiencing high demand for the protection of their networks due to the growing cloud-centered environment. One of the main reasons is changes in the work model, such as teleworking and cloud applications that require adaptable yet strong protection systems. This service delivery model provides organizations the opportunity to outsource major security functions, including threat identification, data encryption, and firewall services, over the cloud; hence performers do not have to invest as much in physical infrastructure as they do in traditional models. This model enables an organization to make efforts towards security to be easily scalable so that the business can protect the data it owns, in the different networks and gadgets without having to struggle with hardware.

Asia Pacific is Expected to Grow with Significant CAGR During Forecast Period

Asia Pacific is expected to grow with a significant CAGR during the forecast period. The Asia Pacific market for SASE is on a strong upward trend due to the current high pace of digitalization and an increase in cyber incidents. China, Japan, and India are leading this market since different industries require total networking and security solutions. The shift in the current working model to remote and hybrid solutions is forcing firms to adopt SASE solutions that ensure safe access to applications and data. Moreover, works done by leading service providers in the category of advanced technologies including artificial intelligence and machine learning are defining the nature of SASE in the region, improving the level of security measures, and optimizing operational processes. While Asian Pacific enterprises seek flexibility and even robustness of IT frameworks, SASE is naturally becoming an irreplaceable element of their security and networking models. For instance, in 2024, AWS plans to invest MYR29.2 billion (US$6.2 billion) in Malaysia through 2038 with the new AWS Asia Pacific (Malaysia) Region, boosting the country’s digital economy. This is the largest investment by an international cloud provider in the country to date.

Secure Access Service Edge (SASE) Industry Overview

The secure access service edge (SASE) market is competitive, with several global and international market players. The key players are adopting different growth strategies to enhance their market presence, such as partnerships, agreements, collaborations, new product launches, geographical expansions, and mergers and acquisitions. Some of the major players operating in the market are Barracuda Networks, Inc., Cato Networks, Cisco Systems, Inc., Cloud Software Group, Inc., Cloudflare Inc., Fortinet, Inc., Juniper Networks, Inc., Netskope, Open Systems, and Broadcom.

Secure Access Service Edge (SASE) Market News

For instance, in 2024, LevelBlue, previously AT&T Cybersecurity, unveiled four new managed security services for MSPs and MSSPs. The new managed security services include managed threat detection and response, incident response retainer, vulnerability management, and managed endpoint security. The services will be available in the first quarter of 2025 as part of a new partner program.

In 2024, Viettel signed a cooperation agreement with the US Supermicro company to develop technology and global solutions in 5G technology and artificial intelligence and plans to roll out 5G service in 63 provinces and cities this month.

Secure Access Service Edge (SASE) Market Report Coverage

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:

The global secure access service edge (SASE) market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs; hence, feel free to connect with us to get a report that completely suits your requirements.

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Research Methodology

Research Methodology for the Secure Access Service Edge (SASE) Market Analysis (2022-2032)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global Secure Access Service Edge (SASE) market were the three major steps undertaken to create and analyze the adoption of Secure Access Service Edge (SASE) in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, numerous findings and assumptions were taken into consideration to validate these insights. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global Secure Access Service Edge (SASE) market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

A detailed secondary study was conducted to obtain the historical market size of the Secure Access Service Edge (SASE) market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the secure access service edge (SASE) market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report, such as Offering, component, enterprises, and regions. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Secure Access Service Edge (SASE) market. Further, we conducted factor analysis using dependent and independent variables such as Offering, component, enterprises, and secure access service edge (SASE) market regions. A thorough analysis was conducted of demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Secure Access Service Edge (SASE) market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above three steps, we arrived at the current market size, key players in the global Secure Access Service Edge (SASE) market, and market shares of the segments. All the required percentage shares split and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2032 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

The industry’s market size, in terms of revenue (USD) and the adoption rate of the secure access service edge (SASE) market across the major markets domestically

All percentage shares, splits, and breakdowns of market segments and sub-segments

Key players in the global secure access service edge (SASE) market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs), including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global secure access service edge (SASE) market. Data was split into several segments and sub-segments after studying various parameters and trends in the Offering, component, enterprises, and regions of the global Secure Access Service Edge (SASE) market.

The main objective of the Global Secure Access Service Edge (SASE) Market Study

The current & future market trends of the global secure access service edge (SASE) market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the Secure Access Service Edge (SASE) market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments.
• Segments in the study include areas of Offering, component, enterprises, and regions.
• Define and analyze the regulatory framework for the Secure Access Service Edge (SASE)
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
• Analyze the current and forecast market size of the Secure Access Service Edge (SASE) market for the major region.
• Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
• Company profiles of the Secure Access Service Edge (SASE) market and the growth strategies adopted by the market players to sustain in the fast-growing market.
• Deep dive regional level analysis of the industry

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