WESTFORD, Mass., July 11,
2024 /PRNewswire/ -- According to SkyQuest,
the global Secure Access Service Edge (SASE) Market size was valued
at USD 1.23 billion in 2022 and is
poised to grow from USD 1.68 billion
in 2023 to USD 20.10 billion by 2031,
growing at a CAGR of 36.4% in the forecast period (2024-2031).
SDN powers dynamic networks, and SASE guarantees that these
networks are designed and secured to meet changing needs. Every
company uses at least one public or private cloud. At least one
public cloud is used by 96% of respondents, while at least one
private cloud is used by 84% of respondents. Almost 80% of the
participants said they have used hybrid cloud systems. The growing
preference for remote work, especially during pandemics, is a key
driver for the market.
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overview:
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Secure Access Service Edge (SASE) Market Overview:
Report
Coverage
|
Details
|
Market Revenue in
2023
|
USD 1.68
billion
|
Estimated Value by
2031
|
USD 20.10
billion
|
Growth Rate
|
Poised to grow at a
CAGR of 36.4%
|
Forecast
Period
|
2024–2031
|
Forecast
Units
|
Value (USD
Billion)
|
Report
Coverage
|
Revenue Forecast,
Competitive Landscape, Growth Factors, and Trends
|
Segments
Covered
|
Components, Offering,
Organization Size and Application
|
Geographies
Covered
|
North America, Europe,
Asia Pacific, Middle East & Africa, Latin America
|
Report
Highlights
|
Updated financial
information / product portfolio of players
|
Key Market
Opportunities
|
Increasing Cloud
Adoption is Helping Secure Access Service Edge Market
|
Key Market
Drivers
|
Increased Use of
Cloud-based Services
|
Segments covered in Secure Access Service Edge
(SASE) Market are as follows:
- Component
- Platform (SD-WAN, Cloud Security, Zero-trust Access Network,
Secure Web Gateway), Services (Consultation, Training
Services)
- Offering
- Network as a Service, Security as a Service
- Organization Size
- SMEs, and Large Enterprises
- Application
- IT & Telecom, (Secure Remote Access, Secure Cloud Access,
Protection Of Sensitive Data), Healthcare (Secure Remote Access,
Protection Of Patient Data, Secure Cloud Access), BFSI (Security
Control And Monitoring, Secure Remote Access, Secure Mobile
Access), Retail & E-commerce (Protection Of Customer Data,
Secure Point Of Sale, Secure Remote Access), Government (Secure
Remote Access, Secure Cloud Access, Network Segmentation),
Others
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Components of the Market: Building Blocks of Secure
Connectivity
The platform segment dominates the market and accounts for more
than 68% of total revenue. The segment is cloud expected to
continue to dominate the market during the forecast period as per
the increasing demand for integrated solutions that enable users to
seamlessly and securely connect and meet devices. All large
enterprises planning to implement network security and redesign
their network strategy are expected to take part in SASE sessions.
Continued digital business transformation, increased preference for
SaaS applications, and the need to control access to critical data
stored in the cloud also predicted the growth of this segment.
However, the services segment is the fastest growing in the
market and is expected to exhibit the fastest CAGR during the
forecast period. The increase can be attributed to the increased
demand for counselor training services when implementing SASE
programs. The growth of the service segment can also be attributed
to the fact that SASE vendors are testing a business's existing IT
infrastructure to implement the SASE strategy. Partnership managed
service providers and security vendors outperform each other in
providing security and networking services.
View report summary and Table of Contents
(TOC):
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Applications of the Market: Empowering Secure Digital
Transformation
The IT & telecom segment is the largest segment in terms of
usage in the market, accounting for over 18% of total revenue. IT
companies continued to look for web access to integrated and secure
solutions as part of their efforts to shift to cloud-based
infrastructure, increase productivity and launch digital
applications. At the same time telecom companies are also spending
money on security measures. As their work evolves, the potential
benefits of adopting most SASE systems for data migration are
expected to enhance collaboration growth.
The healthcare segment is the fastest growing segment in this
market and is expected to register the fastest CAGR during the
forecast period. Continued innovation and the use of telehealth
services and analytics to facilitate effective communication
between patients and healthcare providers are expected to drive
demand for the current secure web infrastructure. Factors that can
enable smooth and seamless communication between providers, as well
as strong patient safety, are also expected to drive demand for
SASE systems in the healthcare industry.
SASE: Securing the Future of Network and Cloud
Connectivity
The secure access service edge market is growing rapidly as
organizations prioritize security and any problems with cloud and
network resources. SASE solutions provide a comprehensive approach
to secure communications through network security services
integrating with wide area network (WAN) capabilities. The demand
for SASE is growing due to the rise of remote work, cloud adoption
and the need for scalable security. Companies are investing in
advanced SASE technology.
Related Report:
Cyber Security Market
Edge Security Market
Endpoint Security Market
Managed Security Services Market
Application Security Market
About Us:
SkyQuest is an IP focused Research and Investment Bank and
Accelerator of Technology and assets. We provide access to
technologies, markets and finance across sectors viz. Life
Sciences, CleanTech, AgriTech, NanoTech and Information &
Communication Technology.
We work closely with innovators, inventors, innovation seekers,
entrepreneurs, companies and investors alike in leveraging external
sources of R&D. Moreover, we help them in optimizing the
economic potential of their intellectual assets. Our experiences
with innovation management and commercialization has expanded our
reach across North America,
Europe, ASEAN and Asia Pacific.
Contact:
Mr. Jagraj
Singh
SkyQuest Technology
1 Apache Way,
Westford,
Massachusetts 01886
USA (+1) 351-333-4748
Email: sales@skyquestt.com
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SOURCE SkyQuest Technology