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Secure Access Service Edge (SASE) Market: Driven by the proliferation of smart devices and projected to grow at a solid CAGR of 36.4% through 2031

WESTFORD, Mass., July 11, 2024 /PRNewswire/ — According to SkyQuest, the global Secure Access Service Edge (SASE) market has been valued at $1.23 billion in 2022 and is ready to grow $1.68 billion in 2023 to $20.10 billion by 2031, growing at a CAGR of 36.4% over the forecast period (2024–2031).

SDN powers dynamic networks, and SASE ensures that these networks are designed and secured to meet changing needs. Every company uses at least one public or private cloud. 96% of respondents use at least one public cloud, while 84% use at least one private cloud. Almost 80% of participants said they used hybrid cloud systems. The growing preference for remote work, especially during the pandemic, is a key driver of the market.

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Secure Access Service Edge (SASE) Market Overview:

Report coverage

Details

Market revenues in 2023

$1.68 billion

Estimated value by 2031

$20.10 billion

Speed ​​of growth

Expected to grow at a CAGR of 36.4%

Forecast period

2024–2031

Forecast units

Value (USD billion)

Report coverage

Revenue Forecast, Competitive Landscape, Growth Drivers and Trends

Covered segments

Components, Offering, Organization Size and Application

Geographical areas covered

North America, Europe, Asia Pacific, Middle East and Africa, Latin America

The most important information in the report

Updated financial information/player product portfolio

Key Market Opportunities

Growing cloud adoption helps secure the access services market

Key Market Drivers

Increased use of cloud-based services

Segments covered The Secure Access Service Edge (SASE) market is as follows:

  • Hi
    • Platform (SD-WAN, Cloud Security, Zero-Trust Access Network, Secure Web Gateway), Services (Consulting, Training Services)
  • By offering
    • Network as a Service, Security as a Service
  • Size of the organization
    • SMEs and large enterprises
  • App
    • IT & Telecom (Secure Remote Access, Secure Cloud Access, Protecting Confidential Data), Healthcare (Secure Remote Access, Patient Data Protection, Secure Cloud Access), BFSI (Security Control & Monitoring, Secure Remote Access, Secure Mobile Access), Retail & E-Commerce (Customer Data Protection, Secure Point of Sale, Secure Remote Access), Government (Secure Remote Access, Secure Cloud Access, Network Segmentation), Other

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Market Components: The Essentials of Secure Communication

The platform segment dominates the market and accounts for over 68% of the total revenue. The cloud segment is expected to continue to dominate the market during the forecast period owing to the growing demand for integrated solutions that enable users to seamlessly and securely connect and meet with their devices. All large enterprises planning to implement network security and redesign their network strategy are expected to attend SASE sessions. Continuous digital transformation of business, increased preference for SaaS applications, and the need to control access to critical data stored in the cloud have also predicted the growth of this segment.

However, the services segment is growing the fastest in the market and is expected to witness the fastest CAGR during the forecast period. This growth can be attributed to the increased demand for training services for advisors while implementing SASE programs. The growth in the services segment can also be attributed to the fact that SASE vendors are testing the existing IT infrastructure of the company to implement SASE strategies. Managed service providers in partnership and security vendors are outperforming each other in providing security and network services.

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Market Applications: Supporting Secure Digital Transformation

The IT and telecommunications segment is the largest segment in terms of market usage, accounting for over 18% of total revenue. IT companies continued to seek internet access for integrated and secure solutions as part of their efforts to move to cloud-based infrastructure, increase productivity, and launch digital applications. At the same time, telecommunications companies are also spending money on security measures. As their work evolves, the potential benefits of adopting most SASE systems for data migration are expected to increase collaboration.

The healthcare segment is the fastest growing segment in this market and is expected to register the fastest CAGR during the forecast period. Continuous innovation and use of telemedicine services and analytics to facilitate effective communication between patients and healthcare providers are expected to drive the demand for the current secure internet infrastructure. Factors that can enable seamless and frictionless communication between providers, as well as strong patient safety, are also expected to drive the demand for SASE systems in the healthcare industry.

SASE: Securing the Future of Network and Cloud Connectivity

The edge secure access market is growing rapidly as organizations prioritize security and any concerns with cloud and network resources. SASE solutions provide a comprehensive approach to secure communications through network security services that integrate with wide area network (WAN) capabilities. Demand for SASE is growing due to the rise of remote work, cloud adoption, and the need for scalable security. Companies are investing in advanced SASE technology.

Related report:

Cybersecurity Market

Edge Security Market

Endpoint Security Market

Security Management Services Market

Application Security Market

About us:

SkyQuest is an IP-focused Research and Investment Bank and Technology and Asset Accelerator. We provide access to technology, markets and finance across sectors including Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.

We work closely with innovators, inventors, innovators, entrepreneurs, companies and investors, leveraging external sources of research and development. We also help them optimize the economic potential of their intellectual assets. Our experience in innovation management and commercialization has broadened our reach in North America, EuropeASEAN and Asia and Pacific.

Contact:
Mr. Jagraj Singh
SkyQuest Technology
1 The Apache Way,
Westford,
Massachusetts 01886
USA (+1) 351-333-4748
Email address: [email protected]
Visit our website: https://www.skyquestt.com/

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