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Secure Access Service Edge Market Analysis

The Secure Access Service Edge Market size is estimated at USD 10.76 billion in 2024, and is expected to reach USD 27.10 billion by 2029, growing at a CAGR of 20.29% during the forecast period (2024-2029).

SASE signifies a paradigm shift in network access security. It combines network and security features, like Firewall-as-a-service (FWaaS) and SD-WAN, further combining network-as-a-service (NaaS) into a single cloud-native service. With this convergence, distributed workforces and cloud-based applications will be protected and connected in a scalable, flexible, and secure manner.

• SASE improves security in SDN environments, thereby completing software-defined networking (SDN) systems. Dynamic network configuration is made possible by SDN, and SASE guarantees that these networks are secure as they change in order to meet the changing requirements. SASE protects IoT devices and the data they generate as the Internet of Things (IoT) develops. In the context of the IoT, secure communications and data protection are essential.
• Furthermore, cloud-based SASE may witness a surge in adoption. For instance, in February 2024, Huawei announced the new HiSec SASE Solution launch at the IP Club Carnival. This newly launched solution comes with cloud-network-edge-endpoint integrated intelligent protection, providing consistent security assurance for the enterprise headquarters and branches.
• The increasing usage of the public cloud is boosting cloud spending for businesses of all kinds. Cloud spending is already a significant aspect of IT budgets, wherein about 77% of companies stated that their annual cloud spending value surpasses USD 12 million, and 80% of them stated that the value exceeds USD 1.2 million. As SMBs have fewer and smaller workloads, their overall cloud costs are cheaper.
• The market players are concerned about maintaining proper regulatory compliance while offering clients SASE services and executing expenses. Sometimes, vendors find it difficult to safeguard their technology, keep running smoothly, and comply with all applicable laws and regulations. Vendors' non-compliance with rules and standards can adversely affect their services and jeopardize clients' business operations. By adhering to the accepted standards and best service-delivery practices, they offer programs and services to prioritize them. Vendors need help keeping up with evolving technologies and government regulations.
• The growth in investment strategies in a larger share of businesses globally will accelerate the adoption of secure access service edge in supporting business growth. In the post-COVID-19 era, there will be a significant increase in the number of vendors with single-vendor SASE offerings. New SD-WAN purchases in the post-COVID-19 era will be part of a single-vendor SASE offering.

Secure Access Service Edge Industry Segmentation

Secure access service edge converges cloud networking with security for simplicity, scalability, flexibility, and pervasive security. Combining network security functions with WAN capabilities, SASE delivers secure, optimal, and automated cloud access to applications and workloads. SASE provides secure access from a single management platform, regardless of the location of users and applications.

The secure access service edge (SASE) market is segmented by offering type (network-as-a-service (NaaS) and security-as-a-service (SaaS)), organization size (large enterprises and small and medium enterprises), end-user vertical (BFSI, IT and telecom, retail, healthcare, government, and manufacturing), and geography (North America [United States and Canada], Europe [Germany, United Kingdom, France, and Rest of Europe], Asia Pacific [India, China, Japan, and Rest of Asia Pacific], Latin America, and the Middle East and Africa). The market sizes and forecasts are provided in USD for all the above-mentioned segments.