Key Factor Supporting Global Security Service Edge Market Development in 2025: The Surge In Cyber Threats Ignites Growth In The Security Service Edge Market

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What Is the Expected CAGR for the Security Service Edge Market Through 2025?_x000D_
The value of the security service edge market has experienced significant expansion in the recent past. It's projected to swell from $0.98 billion in 2024 to $1.25 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 27.6%. This growth during the historical period is mainly due to factors such as digital transition, the trend towards remote work, regulatory compliance requirements, the escalating complexity of cyber threats, and policies encouraging the use of personal devices for work._x000D_
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What's the Projected Size of the Global Security Service Edge Market by 2029?_x000D_
The market for security service edge is projected to experience robust expansion in the forthcoming years, reaching a valuation of $2.91 billion by 2029, encompassing a CAGR of 23.6%. This predicted growth during the forecast period can be attributed to the rise of sophisticated threats, widespread use of IoT, integration of devops practices, adoption of zero-trust security models, and migration towards secure access service edge. During the forecast period, prominent trends are expected such as the fusion of network security and wide area networking (WAN), growing utilization of zero trust architectures, improved visibility of users and devices, incorporation of artificial intelligence (AI) and machine learning (ML), and the emergence of cloud-native security services._x000D_
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Top Growth Drivers in the Security Service Edge Industry: What's Accelerating the Market?_x000D_
The anticipated escalation in cyber threats is believed to be a significant driver in expansion of the security service edge market. Cyber threats denote harmful actions or potential risks that take advantage of computer systems, networks, and digital infrastructure susceptibilities. The root causes include escalating instances of significant data breaches and the evolving finesse of hackers. The security service edge counteracts these cyber threats by offering a holistic cyber security solution, incorporating secure network connections, enforcing access controls, guarding cloud resources, protecting endpoints, securing data, and enhancing the capability to detect and respond to threats. For example, in February 2023, the Australian Cyber Security Centre, an agency based in Australia, reported a 13% rise in cybercrime reports from the previous year, with the count reaching 76,000 in 2022. Consequently, the escalation in cyber threats is a major propelling factor for the growth of the security service edge market._x000D_
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What Trends Will Shape the Security Service Edge Market Through 2029 and Beyond?_x000D_
Major firms functioning in the security service edge market are focusing on introducing innovative security resolutions, for instance, advisory security edge services, in order to respond to the ever-changing cyber threat landscape and fulfill the growing requirement for sturdy security protocols. This kind of service encapsulates the fresh network security services division that provides a comprehensive and segmented perspective for advising and putting an SSE into action. For example, Kyndryl Holdings Inc., an IT service management firm based in the US, in January 2024, unveiled Kyndryl Consult Security Services Edge and Kyndryl Managed SSE, two fresh security edge services built in collaboration with Cisco Systems Inc., a technology firm also based in the US. These services aid clients in augmenting their cyber defense and proactively dealing with and reacting to cyber incidents. The new services enrich security control measures, anticipate cyber eventuality, and assist businesses in stepping over to a secure access service edge (SASE). In addition, these services empower businesses to lay groundwork for transitioning to a secure access service edge (SASE), integrate a zero-trust network, and encourage hybrid work situations._x000D_
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What Are the Main Segments in the Security Service Edge Market?_x000D_
The security service edgemarket covered in this report is segmented -_x000D_
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1) By Type: Cloud-Based, Web-Based_x000D_
2) By Component: Solution, Services_x000D_
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_x000D_
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Subsegments:_x000D_
1) By Cloud-Based: Software As A Service (SaaS), Infrastructure As A Service (IaaS)_x000D_
2) By Web-Based: Web Application Firewalls (WAF), Secure Web Gateways (SWG)_x000D_
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Which Top Companies are Driving Growth in the Security Service Edge Market?_x000D_
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._x000D_
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Which Regions Will Dominate the Security Service Edge Market Through 2029?_x000D_
North America was the largest region in the security service edge market in 2024. The regions covered in the security service edge market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa._x000D_
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