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Secure Access Service Edge (SASE) Market: Driven by the Proliferation of Smart Devices and Estimated to Grow at a Robust 36.4% CAGR through 2031

Secure Access Service Edge (SASE) Market: Driven by the Proliferation of Smart Devices and Estimated to Grow at a Robust 36.4% CAGR through 2031

WESTFORD, Mass., July 11, 2024 /PRNewswire/ — According to SkyQuest, global Secure Access Service Edge (SASE) Market size evaluated 1.23 billion US dollars Ready to grow in 2022 1.68 billion US dollars In 2023 20.10 billion US dollars It will grow at a CAGR of 36.4% over the forecast period (2024-2031) until 2031.

SDN powers dynamic networks, and SASE ensures that these networks are designed and secured to meet changing needs. Every company uses at least one public or private cloud. 96% of respondents use at least one public cloud, while 84% of respondents use at least one private cloud. Almost 80% of respondents said they use hybrid cloud systems. The increasing preference for remote working, especially during pandemics, is a major driver for the market.

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Secure Access Service Edge (SASE) Market Overview:

Report Scope

Detail

Market Revenue in 2023

1.68 billion US dollars

Estimated Value to 2031

20.10 billion US dollars

Growth rate

Poised to grow at a CAGR of 36.4%

Forecast Period

2024–2031

Estimation Units

Value (Billion USD)

Report Scope

Revenue Forecast, Competition Landscape, Growth Drivers and Trends

Segments Covered

Components, Offering, Organization Size and Implementation

Geographies Covered

North America, Europe, Asia Pacific, Middle East and Africa, Latin America

Report Highlights

Updated financial information / product portfolio of players

Significant Market Opportunities

Growing Cloud Adoption Helps Secure Access Service Edge Market

Main Market Drivers

Increasing Use of Cloud-Based Services

Sections covered The Secure Access Service Edge (SASE) Market is as follows:

  • Component
    • Platform (SD-WAN, Cloud Security, Zero Trust Access Network, Secure Web Gateway), Services (Consulting, Training Services)
  • Offer
    • Network as a Service, Security as a Service
  • Organization Size
    • SMEs and Large Enterprises
  • Application
    • IT & Telecom, (Secure Remote Access, Secure Cloud Access, Sensitive Data Protection), Healthcare (Secure Remote Access, Patient Data Protection, Secure Cloud Access), BFSI (Security Control & Monitoring, Secure Remote Access, Secure Mobile Access), Retail & E-commerce (Customer Data Protection, 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 Connection

The Platform segment dominates the market and accounts for over 68% of the total revenue. The segment is expected to continue to dominate the market during the forecast period, driven by the growing demand for integrated solutions that enable users to seamlessly and securely connect and meet across devices. All major enterprises planning to implement network security and redesign their network strategies are expected to attend SASE sessions. The ongoing digital business transformation, increasing preference for SaaS applications, and the need to control access to critical data stored in the cloud have also predicted the growth of this segment.

However, the services segment is the fastest growing segment in the market and is expected to show the fastest CAGR during the forecast period. The increase can be attributed to the increasing demand for consultant training services while implementing SASE programs. The growth of the services segment can also be attributed to SASE vendors testing the existing IT infrastructure of a business to implement the SASE strategy. Partnership managed service providers and security vendors are outperforming each other in providing security and networking services.

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Market Practices: Powering Secure Digital Transformation

The IT and telecommunications segment is the largest segment in terms of usage in the market, accounting for over 18% of the total revenue. IT companies have continued to look for web access for integrated and secure solutions as part of their efforts to migrate to cloud-based infrastructure, increase productivity, and launch digital applications. At the same time, telecommunications companies are also spending money on security measures. As their operations evolve, the potential benefits of adopting most SASE systems for data migration are expected to drive collaboration growth.

The healthcare sector is the fastest growing sector in this market and is expected to register the fastest CAGR during the forecast period. Continuous innovation and the use of telehealth services and analytics to facilitate effective communication between patients and healthcare providers are expected to increase the demand for existing secure web infrastructure. Strong patient security along with factors that can enable seamless and uninterrupted communication between providers are also expected to increase the demand for SASE systems in the healthcare sector.

SASE: Securing the Future of Network and Cloud Connectivity

The secure access service edge market is growing rapidly as organizations prioritize security and cloud and network resource issues. SASE solutions provide a comprehensive approach to secure communications through network security services that integrate with wide area network (WAN) capabilities. Demand for SASE is increasing due to remote working, 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 financing in sectors such as Life Sciences, CleanTech, AgriTech, NanoTech and Information and Communication Technology.

We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors to leverage external R&D resources. Moreover, we help them optimize the economic potential of their intellectual assets. Our experience in innovation management and commercialization has expanded our reach North America, EuropeASEAN and Asia Pacific.

To contact:
Mr. Jagraj Singh
SkyQuest Technology
1 Apache Road,
Westford,
Massachusetts 01886
United States of America (+1) 351-333-4748
Email: [email protected]
Visit our website: https://www.skyquestt.com/

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