Secure Access Service Edge Market Overview, Competitive Analysis, Key Trends And Outlook (2024 To 2033)

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company presents an extensive market research report on the Secure Access Service Edge Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:

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 in the historic period can be attributed to rise in remote work trends, growing adoption of cloud services, increasing cybersecurity threats, emphasis on network transformation, shift to zero-trust security models..

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 growth in the forecast period can be attributed to permanent hybrid work models, rapid cloud adoption, focus on user-centric security, integration with edge computing, increased demand for managed sase services.. Major trends in the forecast period include focus on edge security, integration of sd-wan capabilities, adoption of identity-centric security, utilization of micro-segmentation techniques.

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Key Market Players:

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. are prominent players in the industry.

Market Drivers:

The rising cyber threats are expected to propel the growth of the secure access service edge market going forward. Cyber threats refer to malicious activities and vulnerabilities in digital systems that can compromise data, privacy, and security. Growing cyber risks encourage the need for robust security solutions such as secure access service edge (SASE) to safeguard sensitive data, mitigate cyber threats, and ensure business continuity against a growing array of sophisticated attacks and breaches from various changing digital vulnerabilities. For instance, in December 2021, according to Surfshark, a Netherlands-based virtual private networks service company, around 952.8 million accounts were breached in the first 11 months of 2021, compared to 921.8 million breaches in 2020. Therefore, rising cyber threats will drive the secure access service edge market.

Market Segments Include:
1) By Offering: Network As A Service, Security As A Service
2) By Organization Size: Large Enterprise, Small And Medium Enterprises
3) By End-User Vertical: Banking, Financial Services And Insurance (BFSI), Information Technology And Telecom, Retail, Healthcare, Government, Manufacturing, Other End-Users

The report answers the following questions:
What are the primary factors propelling the market during the projected period?

In which region is the most substantial growth expected?

Which trend will take center stage in the upcoming period?

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