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Secure Access Service Edge Global Market Reach $6.16 Billion By 2033, Key Factors behind Market's Exponential Growth
Secure Access Service Edge Market
According to The Business Research Company's, 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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Market Drivers and Trends:
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.
Major companies operating in the secure access service edge market are focusing on developing cloud-based technologies to gain competitive advantages in the market. Cloud-based technologies integrated into the secure access service edge (SASE) network refer to the use of cloud computing and cloud infrastructure to deliver security and networking services as part of the SASE framework, as they enable the consolidation of security and networking functions into a unified, cloud-native architecture.
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Major Key Players of the Market:
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.
Secure Access Service Edge Market 2024 Key Insights:
• 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%.
• Rising Mobile Users Are Anticipated To Fuel The Growth Of The Secure Access Service Edge Market
• Cloud-Based Technologies Transforming The Secure Access Service Edge (SASE) Landscape
• North America was the largest region in the secure access service edge market in 2023.
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