Secure Access Service Edge Global Market Report 2024

The secure access service edge market size has grown exponentially in recent years. It will grow from $1.89 billion in 2023 to $2.4 billion in 2024 at a compound annual growth rate (CAGR) of 27.0%. The growth observed in the historical period can be attributed to several factors. These include the rise in remote work trends, an increasing adoption of cloud services, a growing awareness of cybersecurity threats, a heightened emphasis on network transformation, and a shift towards zero-trust security models. These elements collectively contributed to the demand for and adoption of Secure Access Service Edge (SASE) solutions during the historic period.

The secure access service edge market size is expected to see exponential growth in the next few years. It will grow to $6.16 billion in 2028 at a compound annual growth rate (CAGR) of 26.6%. The anticipated growth in the forecast period can be attributed to the prevalence of permanent hybrid work models, the rapid adoption of cloud services, a heightened focus on user-centric security, integration with edge computing, and an increased demand for managed SASE services. Major trends expected in the forecast period encompass a focus on edge security, the integration of Software-Defined Wide Area Network (SD-WAN) capabilities, the adoption of identity-centric security measures, and the utilization of micro-segmentation techniques. These trends collectively contribute to the projected growth and advancements in the Secure Access Service Edge (SASE) framework in the forecasted period.

The escalating menace of cyber threats is anticipated to drive the growth of the secure access service edge market. Cyber threats encompass various malevolent activities and vulnerabilities in digital systems that compromise data security and privacy. The rising risk calls for robust security solutions such as secure access service edge (SASE) to fortify defenses against evolving cyber threats and breaches. As reported by Surfshark in December 2021, there were approximately 952.8 million breached accounts within the initial 11 months of 2021, marking an increase from 2020's 921.8 million breaches. Hence, the surge in cyber threats is poised to propel the secure access service edge market.

The burgeoning population of mobile users is set to bolster the secure access service edge market. Mobile users, relying on smartphones, tablets, or laptops for accessing information or services, represent a rapidly expanding demographic susceptible to security risks. To counter these vulnerabilities, secure access services implement robust security measures such as authentication and encryption. As highlighted in a Uswitch Limited report from February 2023, there were 71.8 million active mobile connections in 2022, reflecting a 3.8% surge from the previous year. The projection of 68.3 million UK residents by 2025, with 95% owning smartphones, underscores the growth in mobile users driving the secure access service edge market.

The complexity of integration poses a significant hurdle in the secure access service edge market. Secure access service edge integration involves merging network security and wide-area networking, combining various technologies such as secure web gateways and SD-WAN. This intricate integration process necessitates comprehensive expertise spanning multiple domains. Organizations encounter challenges aligning existing infrastructure with SASE solutions, leading to deployment complexities. According to Fortinet Inc.'s State of Zero Trust Report in June 2023, a survey of 570 IT and security leaders across 31 countries indicated that 66% had begun implementing secure access solutions. Among them, 40% still operated on-premises networks, with 75% facing issues solely relying on cloud-based zero-trust network access solutions. Integration, particularly between on-premises and cloud-based solutions, emerged as the foremost challenge, hampering the secure access service edge market.

Major corporations in the secure access service edge (SASE) domain concentrate on advancing cloud-based technologies to strengthen their market standing. These innovations harness cloud computing and infrastructure within the SASE framework, amalgamating security and networking functions in a unified cloud-native structure. Zscaler Inc., in July 2023, introduced Zscaler Resilience, an array of capabilities fortifying their architecture and operations. These features ensure uninterrupted connections between users, devices, and critical cloud applications, offering resilience against unforeseen disruptions. Zscaler Resilience encompasses advanced security measures and service enablement functionalities, automatically selecting the optimal path for user-to-application connections. This contributes to unparalleled business continuity, enabling operational continuity during challenging circumstances such as power outages.

In July 2023, Coro Cybersecurity Ltd., a cybersecurity solutions provider based in the United States, completed the acquisition of Privatize Ltd. The financial details of the acquisition were not disclosed. With this strategic move, Coro aims to provide a unified source of comprehensive security and protection, managed through a single cloud-based platform, to organizations of all sizes. Additionally, the acquisition integrates Secure Access Service Edge (SASE) capabilities into Coro's existing cybersecurity platform. Privatize Ltd., based in Israel, specializes in network security solutions, offering services such as zero trust, advanced enterprise-level DNS filtering, and a virtual firewall.

Major companies operating in the secure access service edge market report are Cisco Systems Inc., Broadcom Inc., Hewlett Packard Enterprise Development LP, VMware Inc., Fortinet Inc., Akamai Technologies Inc., Citrix Systems Inc., Check Point Software Technologies Ltd., Trend Micro Incorporated, Palo Alto Networks Inc., Okta Inc., Proofpoint Inc., Zscaler Inc., Cloudflare Inc., Cato Networks Ltd., Forcepoint LLC, Barracuda Networks Inc., Lookout Inc., Open Systems AG, WatchGuard Technologies Inc., McAfee LLC, AireSpring Inc., Versa Networks Inc., Netskope Inc., iboss Inc., Bitglass Inc., Perimeter 81 Ltd., Aryaka Networks Inc., Wandera Ltd., NordLayer Technologies AB.

North America was the largest region in the secure access service edge market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the secure access service edge market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa The countries covered in the secure access service edge market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The secure access service edge market includes revenues earned by entities by providing zero trust architecture, cloud access security broker, identity and access management, and threat intelligence services. The market value includes the value of related goods sold by the service provider or included within the service offering. The secure access service edge market also includes sales of secure web gateways (SWG) and cloud security posture management (CSPM) tools. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The main types of Secure Access Service Edges include Network as a Service (NaaS) and Security as a Service. Network as a Service involves a cloud-based networking architecture that provides on-demand access to networking resources, scalability, and flexibility without requiring significant hardware investment or management. This approach plays a crucial role in improving overall network infrastructure and security. These services and technologies are utilized by enterprises of varying sizes, including large enterprises, small enterprises, and medium enterprises. SASE finds application in diverse industry verticals such as banking, financial services, and insurance (BFSI), information technology and telecom, retail, healthcare, government, manufacturing, and others.

The secure access service edge market research report is one of a series of new reports that provides secure access service edge market statistics, including secure access service edge industry global market size, regional shares, competitors with a secure access service edge market share, detailed secure access service edge market segments, market trends and opportunities, and any further data you may need to thrive in the secure access service edge industry. This secure access service edge market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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