by on October 2, 2023
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Secure Access Services Edge (SASE) Solution: Market Overview and Growth Prospects

Secure Access Services Edge (SASE) is an emerging network security concept that converged networking and network security into a single cloud-native service. SASE incorporates software-defined wide area networking (SD-WAN), secure web gateways (SWG), cloud access security brokers (CASB), firewalls as a service (FWaaS), and zero trust network access (ZTNA). The global SASE market is expected to grow at a robust rate over the coming years, driven by digital transformation and cloud migration across enterprises.

The Secure Access Services Edge (SASE) Market industry is projected to grow from USD 7,119.5 Million in 2023 to USD 42,862.4 Million by 2032, exhibiting a compound annual growth rate (CAGR) of 22.1 % during the forecast period (2023 - 2032)

Key Market Segments:

The SASE market can be segmented by component, organization size, vertical, and region.

By component, the market is segmented into solutions and services. The solutions segment comprises SD-WAN, CASB, SWG, FWaaS, and ZTNA. The services segment includes professional and managed services.

Based on organization size, the SASE market is bifurcated into large enterprises and SMEs. The large enterprise segment currently dominates the market. However, the SME segment is expected to register a higher CAGR during the forecast period.

On the basis of vertical, the market is categorized into BFSI, IT & telecom, retail & e-commerce, healthcare, government & defense, energy & utilities, and others. The BFSI segment accounted for the largest market share in 2021.

Geographically, the SASE market is analyzed across North America, Europe, Asia Pacific, Latin America, and MEA. North America held the dominant position in the global market in 2021.

Key Market Players:

Some of the key vendors operating in the SASE market are Cisco Systems, VMware, Fortinet, Versa Networks, Netskope, Zscaler, Broadcom, Cloudflare, Cato Networks, and Palo Alto Networks, among others. These players are focusing on launching innovative SASE solutions and services to gain a competitive edge.

In May 2022, Palo Alto Networks acquired API security company Cider Security for enhancing its SASE platform. In January 2022, Fortinet unveiled new SASE product FortiSASE to unify SD-WAN capabilities and security functions.

Market Drivers:

Several factors are contributing to the growth of the SASE market including:

  • Work from anywhere and cloud adoption trends requiring secure network access from distributed locations
  • Growing BYOD and IoT deployments increasing network security risks
  • Need for simplified management of network and security infrastructure
  • Increasing number of cyber-attacks and data breaches globally
  • Compliance requirements related to data security and privacy
  • Rising need for seamless user experience across networks and locations

The SASE architecture unifies networking and security functionalities to enable secure access to resources and applications for the hybrid workforce. Its cloud-delivered model allows easy scalability across locations. These factors are expected to boost the adoption of SASE solutions.

Browse In-depth Market Research Report (188 Pages, Charts, Tables, Figures) on Secure Access Services Edge (SASE) Market -

https://www.marketresearchfuture.com/reports/secure-access-services-edge-market-10718

Regional Insights:

North America will continue its dominance in the global SASE market during the forecast period. Presence of major IT companies and rapid digital transformation in the region is driving SASE adoption. Asia Pacific is anticipated to exhibit the fastest growth over the next five years. Rising cyber threats and cloud adoption in APAC countries like China, Japan, India, and Australia are creating strong demand for SASE solutions. Europe is another major region in the SASE market where growth will be fueled by data regulations like GDPR.

Latest Industry Developments:

Here are some of the latest developments in the SASE industry:

  • In September 2022, Netskope announced enhancements to its SASE platform with new CASB and firewall capabilities.
  • Versa Networks expanded its SASE portfolio by launching flexible consumption models, managed services, and virtual software appliances.
  • Fortinet partnered with Linksys to integrate its SASE solution into Linksys' edge computing platforms for SMBs.
  • VMware introduced a new federal SASE offering in collaboration with AWS to serve public sector customers.
  • Zscaler acquired Trustdome and Edgewise Networks in 2022 to augment its ZTNA and SD-WAN capabilities.
  • Lumen Technologies expanded its SASE offering with additional points of presence and integrations with Microsoft, Zoom, and RingCentral.

The SASE market is witnessing continued innovation and partnerships as vendors seek to differentiate their offerings. The sector is poised for robust growth as enterprises modernize their network and security architectures.

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