Emphasis on Offering (Network As A Service, And Security As A Service); Component (Software Defined WAN, And Cloud Access Security Broker); Vertical (Government, BFSI, Retail & E-Commerce, IT & Telecom, And Others) and Region/Country.
The Secure Access Service Edge (SASE) Market was valued at 1.52 billion in 2022 and is expected to grow at a steady rate of around 25% in the forecasted period (2023-2030) due to its ability to provide comprehensive security features without sacrificing performance or usability. Secure Access Service Edge (SASE) is a relatively new technology that combines secure web gateway capabilities with enterprise network access. It provides safe access to cloud services and applications while protecting against cyber threats. Moreover, factors like increasing adoption of cloud-based applications, growing awareness of security risks, and advancements in technology, artificial intelligence (AI), machine learning (ML), and automation are contributing to the growing adoption of SASE solutions, driving the market’s projected growth.
Some of the major players operating in the market include Barracuda Networks, Inc.; Cato Networks; Cisco Systems, Inc.; Cloud Software Group, Inc.; Cloudflare, Inc.; Fortinet, Inc.; Juniper Networks, Inc.; Netskope; Open Systems; Symantec.
Insights Presented in the Report
“Among Offering, the security as a service segment holds significant market share during forecast period.”
Based on offering, the market is bifurcated into network as a service, and security as a service. Among these, the security as a service segment is holding a significant market share due to the increasing need for robust security measures to protect against cyber threats, particularly among small and medium-sized enterprises (SMEs).
“Amongst verticals, the BFSI segment is holding the major share during the forecast period.”
Based on the vertical, the market is segmented into government, BFSI, retail & e-commerce, IT & telecom, and others. Among these, the BFSI segment is a major shareholder due to the high demand for secure access to cloud-based applications and sensitive data within the industry. The BFSI sector is highly regulated, and any security breach can lead to severe legal and financial consequences, making it essential for these organizations to invest in advanced security measures such as those provided by SASE solutions.
“North America to hold a significant share in the market.”
North America dominates the market due to the early adoption of cloud computing and remote work trends in the region, creating a strong demand for secure access to cloud-based resources. Additionally, established technology giants such as Cisco Systems, Inc., Intel Corporation, and Palo Alto Networks, Inc. in the region have driven innovation and adoption of SASE solutions.
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1. Market Introduction
2. Research Methodology Or Assumption
3. Executive Summary
4. Market Dynamics
5. Pricing Analysis
6. Global Secure Access Service Edge (sase) Market Revenue (usd Bn), 2022-2032f
7. Market Insights By Offering
8. Market Insights By Component
9. Market Insights By Enterprises
10. Market Insights By Region
11. Value Chain Analysis
12. Competitive Landscape
13. Company Profiled
14. Acronyms & Assumption
15. Annexure
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) market in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. 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 pertains to. Detailed methodology is explained below:
Step 1: In-Depth Study of Secondary Sources:
Detail 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 as offering, component, and vertical. 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 various offering, component, and vertical Secure Access Service Edge (SASE) market. 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 Sizing: Based on actionable insights from the above 3 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 2030 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
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.
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 & sub-segments post studying various parameters and trends in the areas of offering, component, and vertical in the global Secure Access Service Edge (SASE) market.
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:
Q1: What is the current market size and growth potential of the global Secure Access Service Edge (SASE) market?
Q2: What are the driving factors for the growth of the global Secure Access Service Edge (SASE) market?
Q3: Which segment has the largest share of the global Secure Access Service Edge (SASE) market by component?
Q4: Which region will dominate the global Secure Access Service Edge (SASE) Market?
Q5: Who are the key players operating in the global Secure Access Service Edge (SASE) Market?
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