Secure Access Services Edge Market Statistics, 2032
The global SASE market size was valued at USD 1.5 billion in 2022, and is projected to reach $12.1 billion by 2032, growing at a CAGR of 23.6% from 2023 to 2032.
The global SASE market is currently experiencing significant growth, primarily driven by the increase in integration of regulatory and data protection laws and rise in demand for security services. Security access services edge has become increasingly important in various organizations, owing to the increase in fraud, money laundering, and terrorist activities. Furthermore, the adoption of security access services edge in organizations helps them improve awareness, strengthen “know your employee” (KYE) through technological intervention, and prevent monitoring & surveillance of transactions.
However, a huge challenge in this SASE market is the lack of awareness about security services among undertakings and the high cost associated with the installation and maintenance of the security solutions further limits the market growth. In particular, small and medium-sized ventures (SMEs) experience monetary impediments while thinking about such speculations. These expenses incorporate costs connected with programming permitting, equipment requirements, memberships, enrollment, and customization.
Secure access services edge (SASE) is an organization design that joins VPN and SD-WAN capacities with cloud-local security works, for example, secure web entryways, cloud access security specialists, firewalls, and zero-trust network access. These functions are delivered from the cloud and provided as a service by the SASE vendor. Furthermore, secure access services edge solutions help organizations to increase their capabilities in recognizing real-time risk and efficiently improving decision-making. It helps an organization to analyze, aggregate, and visualize the value of the efforts devoted to secure access services edge.
The continuous necessity for updates and modifications to align with the ever-evolving cyber threats further burdens financial resources. Consequently, the expense factor obstructs the more extensive reception of these arrangements, especially among associations with restricted monetary means. To handle this test, specialist co-ops could have to offer more expense-proficient and versatile choices to take care of a more extensive range of organizations. Furthermore, growing adoption of cloud services across sectors is anticipated to emerge as a lucrative opportunity for the growth of the market.
The report focuses on growth prospects, restraints, and trends of the security access services edge market analysis. The study provides Porter’s five forces analysis to understand the impact of various factors, such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers, on the market.
The security access services edge market is segmented on the basis of offering, organization size, application, and region. By component, the market is segmented into network as a service and security as a service. On the basis of organization size, the market is segmented into large enterprises and SMEs. On the basis of application, the market is segmented into government, BFSI, retail and e-commerce, IT and ITeS, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, Latin America and MEA.
On the basis of offering, the global SASE market share was dominated by the security as a service segment in 2022 and, is expected to maintain its dominance in the upcoming years, because of the expansion in fame of safety services in various endeavors, which further expected to move the overall market improvement.
By region, North America dominated the SASE market share in 2022. The presence of technological players like Cisco Systems, Inc. Fortinet, and others are insistently influencing the advancement of the secure access services edge market growth around North America. However, MEA is expected to exhibit the highest growth during the forecast period. This is ascribed to the expansion in joining of computerized advancements and higher reception of trend-setting innovation is supposed to give worthwhile learning experiences to the market around the region.
Top Impacting Factors
Rise in Demand for Security Services
Secure access services edge industry has become increasingly important in various organizations, owing to the increase in fraud, money laundering, and terrorist activities. Furthermore, the adoption of security access services edge in organizations helps them improve awareness, strengthen “know your employee” (KYE) through technological intervention, and prevent monitoring & surveillance of transactions.
According to an Identity Theft and Credit Card Fraud Statistics published in November 2023, bank fraud relating to debit cards, and electronic funds transfers grew by nearly 12% in 2022 compared to the previous year, 2021 owing to which many financial institutions have started adopting security access services edge solutions in large numbers. As a result, the adoption of secure access services edge industry in various institutions drives the growth of the SASE market.
High Cost of Implementation
The high cost associated with secure access services edge industry presents a noteworthy hindrance in the SASE market. Enterprises, especially small and medium-sized organizations (SMEs), often face financial burdens when contemplating investment in such solutions. This heightened expense encompasses various factors, including charges for software licensing, hardware prerequisites, and ongoing subscriptions for threat feeds, as well as the expenditure involved in recruiting or training competent professionals to effectively manage and utilize these solutions.
Furthermore, there may be hidden costs linked to system integration and customization to cater to the distinct requirements of diverse organizations. This financial barrier has the potential to hinder the adoption of secure access services edge industry among organizations with limited resources.
Surge in Adoption of Cloud-based Solutions
Integration of advanced technologies such as cloud solutions in security access services edge solutions helps providers to identify risks and fraud, boost revenue, and add value to their customers. Cloud-based security access services edge solutions have increased efficiency in risk processing and helped in creating better business insight. Furthermore, including cloud computing in security access services edge, solutions increase the ability of enterprises to adopt innovations and pursue their goals.
For instance, in February 2022, Juniper Networks launched the newest addition to its secure access service edge (SASE) architecture, Juniper Secure Edge. This new solution delivers Firewall-as-a-Service (FWaaS) as a single-stack software architecture. Similarly, different FinTech industries have installed cloud-based security access services edge solutions, which help monitor payments for potentially fraudulent activities and block suspicious transactions. An increase in the number of such cloud applications in security access services edge solutions is expected to provide lucrative opportunities for secure access services edge market growth.
Competition Analysis:
Competitive analysis and profiles of the major players in the McAfee, Netskope, Palo, Alto Networks, Cato Networks, VMware, Check Point Software Technologies, Fortinet, Cisco Systems, Inc., Zscaler and Versa Networks. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, which help to drive the growth of the secure access services edge market analysis globally.
Recent Partnerships in the Market:
For instance, in July 2023, Netskope partnered with Wipro, to deliver robust cloud-native managed secure access service edge (SASE) and managed zero trust network access (ZTNA) services to Wipro's extensive global enterprise client portfolio. Similar strategies by the market players operating at a global and regional level will help the market to grow significantly during the forecast period.
Recent Product Launches in the Market:
For instance, in August 2022, Lumen Technologies launched Lumen SASE Solutions – a first-of-its-kind, all-digital experience for the purchase, configuration and management of enterprise SASE. Lumen SASE Solutions simplifies the purchase and management of leading SD-WAN and security software, and leverages the Lumen Platform to provide secure, high-performing access to any user, on any device, in virtually any location.
Market Landscape and Trends
The COVID-19 pandemic had a positive impact on the secure access services edge industry. The enterprise-wide shift towards digital infrastructure and rising cyberattacks enabled a surge in demand for security access services edge solutions and services. In addition, the industries, specifically healthcare, banking and insurance contributed to the highest demand for cybersecurity and security access services edge solutions and services to mitigate the risks associated with cyberattacks. Furthermore, factors such as higher frequency of attacks, increased number of businesses requiring cybersecurity frameworks and increased security needs for curtain industries further contributed to the rise in secure access services edge market forecast size.
Key Benefits for Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the security access services edge market forecast from 2022 to 2032 to identify the prevailing market opportunities.
Market research is offered along with information related to key drivers, restraints, and opportunities of security access services edge market outlook.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the security access services edge market segmentation assists in determining the prevailing security access services edge market opportunity.
Major countries in each region are mapped according to their revenue contribution to the global SASE market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes an analysis of the regional as well as global secure access services edge market trends, key players, market segments, application areas, and market growth strategies.
Secure Access Services Edge Market Report Highlights
| Aspects | Details |
 Market Size By 2032 | USD 12.1 billion |
 Growth Rate | CAGR of 23.6% |
 Forecast period | 2022 - 2032 |
 Report Pages | 250 |
 By Offering |
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 By Organization SIze |
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 By Application |
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 By Region |
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 Key Market Players | Palo Alto Network, VMware, Check Point Software Tech. Ltd., Versa Networks, Inc., Cato Networks, McAfee, Netskope, Inc., Zscaler, Inc., Fortinet, Cisco Systems Inc. |
Analyst Review
Analyst’s Review: Secure Access Services Edge Market
The secure access services edge market is characterized by intense competition, which be attributed to the strong presence of established vendors. It is guessed that secure access services edge market and specialist organizations, which approach significant monetary and mechanical assets, will want to satisfy the needs of the worldwide market more effectively than their adversaries. Besides, it is guessed that the opposition environment in the worldwide market will deteriorate because of product extensions, specialized improvements, and various strategies utilized by significant sellers. The secure access services edge market is expected to develop altogether during the estimated time frame. A couple of significant patterns in the secure access services edge market are the developing reception of cloud-put-together arrangements and flooding accentuation concerning continuous secure access services edge data. These trends are positively impacting the overall secure access services edge market.
The secure access services edge market is anticipated to grow significantly during the forecast period. The few major trends in the secure access services edge market are growing adoption of cloud-based solutions and surging emphasis on real-time secure access services edge information. These trends are positively impacting the overall secure access services edge market.
Moreover, managed secure access services edge services are witnessing an increase in popularity across diverse industry verticals and enterprises. These service operators help large enterprises manage their information technology infrastructure with the addition of advanced security frameworks. This is also expected to fuel competition in the secure access services edge market. In addition, continuous developments in cloud-based platforms to cater diverse customer requirements are expected to support the overall market growth.
By region, the secure access services edge market trends have been analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America contributed maximum revenue in 2022 and is expected to grow at a significant growth rate as compared to other regions. Factors, like the presence of noticeable innovation organizations and industry consortiums concentrating on network safety foundation, have added to the interest for cutting-edge secure access services edge arrangements and services. Asia-Pacific is the fastest-growing region in the market, which is mainly attributed to the growing focus of the market players to address the demands for advanced security frameworks with cost-effectiveness.
Major companies operating in the secure access services edge market are focusing on strategic partnerships to develop advanced risk management solutions. For instance, in September 2021, Versa Networks launched the industry’s first 5G-native products for the wide area network (WAN) edge delivering complete SASE integration and SASE services to the network edge. Natively supporting private 5G functions, Versa enables ease of deployment and equips organizations with industry leading QoS, network segmentation, and SASE services to meet the highest levels of compliance and privacy requirements for an optimal 5G network architecture. Similar strategies by the market players operating at a global and regional level will help the market to grow significantly during the forecast period.
Some of the key players profiled in the report include McAfee, Netskope, Palo, Alto Networks, Cato Networks, VMware, Check Point Software Technologies, Fortinet, Cisco Systems, Inc., Zscaler and Versa Networks. These players have adopted various strategies to increase their market penetration and strengthen their position in the secure access services edge market.
The global secure access services edge market is currently experiencing significant growth, primarily driven by the increase in integration of regulatory and data protection laws and rise in demand for security services. Security access services edge has become increasingly important in various organizations, owing to the increase in fraud, money laundering, and terrorist activities.
It helps an organization to analyze, aggregate, and visualize the value of the efforts devoted to secure access services edge.
North America is the largest regional market for Secure Access Services Edge Market
The estimated industry size of Secure Access Services Edge Market is projected to reach $12,097.84 million by 2032, growing at a CAGR of 23.6% from 2023 to 2032.
McAfee, Netskope, Palo, Alto Networks, Cato Networks, VMware, Check Point Software Technologies, Fortinet, Cisco Systems, Inc., Zscaler and Versa Networks. hold the market share in Secure Access Services Edge Market
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