Security Service Edge Market Report: Major Key Players, Application, Growth And Analysis, Forecast To 2033

The new report published by The Business Research Company, titled ""Security Service Edge Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the security service edge market size has grown exponentially in recent years. It will grow from $0.77 billion in 2023 to $0.98 billion in 2024 at a compound annual growth rate (CAGR) of 27.7%. The security service edge market size is expected to see exponential growth in the next few years. It will grow to $2.38 billion in 2028 at a compound annual growth rate (CAGR) of 24.9%.

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The Surge In Cyber Threats Ignites Growth In The Security Service Edge Market
The rise in cyber threats is expected to propel the growth of the security service edge market going forward. Cyber threats refer to malicious activities or potential dangers that exploit computer systems, networks, and digital infrastructure vulnerabilities. It arises due to several factors, including the increasing frequency of high-profile data breaches and the growing sophistication of hackers. Security service edge addresses cyber threats by providing a comprehensive cybersecurity solution that includes securing network connections, enforcing access controls, protecting cloud resources, safeguarding endpoints, securing data, and improving threat detection and response capabilities. For instance, in February 2023, according to the Australian Cyber Security Centre, an Australia-based cyber security agency, in 2022, cybercrime reports received were 76,000, up from 13% from the previous year. Therefore, the rise in cyber threats is driving the growth of the security service edge market.

Innovative Security Service Edge Solutions To Enhance Cybersecurity And Incident Response
Major companies operating in the security service edge market are concentrating on innovative security solutions, such as consulting security edge services, to address the evolving cybersecurity landscape and meet the increasing demand for robust security measures. This service refers to a new category of network security services that provides a modular and unified approach to consulting and implementing an SSE. For instance, in January 2024, Kyndryl Holdings, Inc., a US-based IT service management company, introduced Kyndryl Consult Security Services Edge and Kyndryl Managed SSE, two new security edge services developed jointly with Cisco Systems Inc., a US-based technology company, to help customers improve their cybersecurity and proactively address and respond to cyber incidents. These services enhance security controls, proactively address cyber incidents, and help enterprises transition into a secure access service edge (SASE). Additionally, these services enable enterprises to establish a foundation for transitioning into a secure access service edge (SASE), incorporate a zero-trust network, and facilitate hybrid work scenarios.

The security service edge market covered in this report is segmented -

1) By Type: Cloud-Based, Web-Based
2) By Component: Solution, Services
3) By End-Use: Banking, Financial Services, And Insurance, Healthcare And Life Sciences, Education, Information Technology And Telecommunications, Government, Retail And E-commerce, Manufacturing, Other End Users

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Major companies operating in the security service edge market are Microsoft Corporation, International Business Machines Corporation (IBM), Cisco Systems Inc., Broadcom Inc. , VMware Inc., Palo Alto Networks Inc., Juniper Networks Inc., Fortinet Inc., Akamai Technologies Inc., Citrix Systems Inc., Check Point Software Technologies Ltd., Proofpoint Inc., Zscaler Inc., Cloudflare Inc., Cyxtera Technologies Inc., Forcepoint LLC, SonicWall Inc., Barracuda Networks Inc., Open Systems AG, Cato Networks Inc., Appgate Inc., Versa Networks Inc., Netskope Inc., Wandera Limited, Menlo Security Inc.

Contents of the report:
1. Executive Summary
2. Security Service Edge Market Report Structure
3. Security Service Edge Market Trends And Strategies
4. Security Service Edge Market - Macro Economic Scenario
5. Security Service Edge Market Size And Growth
…..
27. Security Service Edge Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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