“Cisco (US), VMware (US), Fortinet (US), Palo Alto Networks (US), Akamai (US), Zscaler (US), Cloudfare (US), Forcepoint (US), Check Point (US), Netskope (US), Mcafee (US), Citrix (US), Proofpoint (US), Aruba Networks (US), Juniper Networks (US), Verizon (US), SonicWall (US), Barracuda Networks, (US) Broadcom (US), Perimeter 81 (Israel), Open Systems (Switzerland).”
SASE Market by Offering (Network as a Service, Security as a Service), Organization size (SMEs, Large Enterprises), Vertical (Government, BFSI, Retail and eCommerce, IT and ITeS), and Region (North America, Europe, APAC, RoW) – Global Forecast to 2028.
The global Secure Access Service Edge (SASE) market is expected to expand from USD 1.9 billion in 2023 to USD 5.9 billion by 2028, growing at a compound annual growth rate (CAGR) of 25.0% during this period. This growth is fueled by the increasing adoption of remote work, the surge in traffic across public cloud environments, and a heightened reliance on data centers, all of which contribute to escalating data security risks. Additionally, the demand for more cost-effective alternatives to high-priced technologies such as MPLS and IPsec is anticipated to further drive market expansion.
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The growing preference for remote working practices, the increase in traffic across public clouds, and the rising dependence on data centers will drive the market. Also, the need for a unified and simplified approach to strengthen network security will drive the SASE market.
Network as a Service segment to hold the highest market share during the forecast period
NaaS (Network-as-a-Service) is a cloud-based network management and delivery model that allows organizations to provision, manage, and monitor their network services through a centralized web-based platform. The increasing adoption of cloud computing, SDN, and network visualization are responsible for the growth of Network as a Service segment.
Large Enterprises segment to hold the highest market share during the forecast period
Many large enterprises are adopting a cloud-first strategy by migrating their applications and data to the cloud. SASE enables secure access to cloud applications and data from anywhere without compromising security. Also, Large enterprises are increasingly investing in new and the latest technologies, such as AI, ML, analytics, edge computing, and hybrid and multi-cloud technologies, to support digital transformation.
Asia Pacific (APAC) region to record the highest growth rate in SASE market in 2023
Asia Pacific is an emerging region in the SASE market. The governments in Asia Pacific countries are taking steps toward data security. Countries such as India, Japan, and Singapore have updated and introduced new national cybersecurity policies. With the increase in complex cyberattacks and cyberwars between enterprises and hackers, there is a rise in the need for robust cybersecurity solutions further driving the SASE market. Also, the increase the demand for better network management, network visibility and control, and wireless communication, leading to the deployment of SASE in the region.
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Unique Features in the SASE Market
The Secure Access Service Edge (SASE) market is distinguished by unique features that cater to modern security and network needs, particularly as organizations adopt remote work and cloud-centric approaches. One of the standout features in the SASE framework is its ability to consolidate multiple security functions, including firewall as a service (FWaaS), secure web gateway (SWG), zero trust network access (ZTNA), and cloud access security broker (CASB), into a unified platform.
Another defining feature of the SASE market is the focus on zero-trust security principles. SASE solutions emphasize a zero-trust model, where no user or device is automatically trusted, whether inside or outside the network. This approach minimizes vulnerabilities by verifying each access attempt and continuously assessing trust levels, ensuring that only authorized users gain access to network resources.
The SASE market also offers advanced adaptability and scalability, particularly valuable in today’s cloud-driven environments. SASE platforms support dynamic scalability to handle changing workloads, making them ideal for businesses with fluctuating traffic demands or those operating in multi-cloud or hybrid cloud environments.
Enhanced data protection and compliance support is another unique SASE feature. SASE solutions are designed to offer data protection across various access points and support compliance with regulatory standards. By integrating encryption, data loss prevention (DLP), and other security protocols, SASE platforms help organizations maintain control over sensitive data while meeting industry regulations.
Lastly, SASE solutions prioritize seamless user experience by offering low-latency, optimized connections through geographically distributed points of presence (PoPs). By strategically positioning PoPs close to end-users and cloud providers, SASE platforms minimize latency and improve application performance, providing a consistent and secure connection for users, regardless of location.
Major Highlights of the SASE Market
The Secure Access Service Edge (SASE) market is characterized by several major highlights that reflect its growing importance in the realm of network security and management. One of the most significant trends is the shift towards a cloud-native architecture. As organizations increasingly migrate their applications and data to the cloud, traditional perimeter-based security models are becoming inadequate.
Another key highlight of the SASE market is the integration of network and security functions into a unified platform. By combining capabilities such as secure web gateways, firewalls, and zero trust network access, SASE simplifies the security landscape for organizations.
The emphasis on zero-trust security models is also a major highlight within the SASE market. The zero-trust approach ensures that all users, devices, and applications are continuously validated before being granted access to network resources.
In addition, the SASE market is experiencing rapid growth due to the rising demand for remote work solutions. The COVID-19 pandemic accelerated the adoption of remote work, prompting organizations to seek secure and flexible connectivity options for their employees.
Finally, the SASE market is marked by increasing investment in automation and advanced analytics. Organizations are leveraging artificial intelligence (AI) and machine learning (ML) to enhance their security measures and improve operational efficiency.
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Top Companies in the SASE Market
Key and innovative vendors in Key and innovative vendors in the SASE market include Cisco (US), VMware (US), Fortinet (US), Palo Alto Networks (US), Akamai (US), Zscaler (US), Cloudfare (US), Forcepoint (US), Check Point (US), Netskope (US), Mcafee (US), Citrix (US), Proofpoint (US), Aruba Networks (US), Juniper Networks (US), Verizon (US), SonicWall (US), Barracuda Networks, (US) Broadcom (US), Perimeter 81 (Israel), Open Systems (Switzerland), Aryaka (US), Twingate (US), Claro Enterprise Solutions (US), NordLayer, (US) Exium (US), Cato Networks (Israel), Versa Networks (US). These vendors have adopted many organic as well as inorganic growth strategies, such as new product launches, and partnerships and collaborations, to expand their offerings and market shares in the SASE market.
CISCO is a global provider of networking equipment. The company has been designing, manufacturing, verifying, and selling integrated products and services since 1984. It also offers Internet Protocol (IP)-based networking, security, and cybersecurity products and services. Cisco’s zero-trust security ensures complete security across organizations’ networks, applications, and environments. This approach helps secure access from users, end-user devices, APIs, IoT, microservices, and containers. It protects the workforce, workloads, and workplaces.
The company’s customer base includes large enterprises and small and mid-sized businesses with security solutions, such as SASE, Software-Defined Wireless Area Network (SD-WAN) Security, Cisco Zero Trust, Cisco Secure Data Center, and Cisco Application-First Security. Cisco Security Technology Alliance enables open, multi-vendor product integrations with Cisco’s security products. The company offers services such as advisory, implementation, and managed services. It has strategic alliances with Apple, A10 Networks, Alien Vault, AWS, Centrify, Fortinet, Google, and IBM Security. It has a significant presence in the Middle East, North America, Latin America, APAC, and Europe
VMware, Inc. being pioneered the development and application of virtualization technologies, server-based computing, application software and the underlying hardware, VMware evolved to be the private cloud, mobility and management leader. Its corporate headquarters are located in Palo Alto, California, with 38,300 employees worldwide. Their services support and address customers’ key priorities, including Products and Technology Solutions, modernizing the applications, accelerating their cloud journey, managing multi-cloud environments, modernizing the network using commodity hardware, empowering anywhere workspaces and embracing zero-trust security. They enable digital transformation applications, infrastructure and operations for enterprises’ constantly evolving business and employee needs. The cloud-native advanced applications allow businesses to bring ideas to the market faster and respond sooner to customer’s demands.
They cater to a services of Layer 2-7 virtual networking and security solutions with innovative software-based capabilities for switching, firewalling, routing, intrusion detection and intrusion prevention systems, network detection and response, service mesh, load balancing, and SD-WAN for enterprise and Telecoms. These solutions enable networks to connect and protect workloads running on bare metal, virtual machines, and across data.
Fortinet was founded in 2000 and is headquartered in California, US. The company is a leading content and network security solutions and services provider. The company’s managed service portfolio includes firewalls, Advanced Persistent Threat (APT) detection, WLAN and switching, virtualized security, Identify and Access Management (IAM), and application security. Fortinet offers a comprehensive set of solutions for large enterprises and SMEs. Furthermore, the company offers solutions for carriers, cloud service providers, and Managed Service Security Providers (MSSPs). The company caters to various industry verticals, including government, education, financial services, retail, and healthcare. Retail Wi-Fi solutions enable retailers to transform the shopping experience and convert walk-bys into walk-ins, showrooms into loyal customers, and loyal customers into brand ambassadors. Its location-based marketing solution leverages big data and in-store consumer intelligence to detect what a showrooming shopper is browsing for and to counteract with instant deals to match competitive pricing in real-time to shoppers’ devices or nearby digital signage. It serves more than 10,000 customers in 180 countries present in the Americas, Europe, MEA, and APAC regions.
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Publish date : 2024-10-28 03:12:00
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