Secure Access Service Edge (SASE) Market, By Component (Solutions and Services), By Deployment Mode (Cloud and On-premises), By Organization Size [Small and Medium-sized Enterprises (SMEs), Large Enterprises], By End-use, and By Region Forecast to 2032
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The market size of Secure Access Service Edge (SASE) was valued at USD 5.72 billion in 2022 and is projected to grow rapidly at a revenue CAGR of 43% during the forecast period. The major driving factors for the growth of the market include the increasing demand for safe and effective remote access to business networks and the rising usage of cloud-based applications.
SASE is a cloud-based network architecture that enables geographically dispersed organizations to have secure and efficient access to network resources. It integrates network security and Wide-Area Networking (WAN) capabilities into a single, cloud-delivered solution, allowing organizations to access and utilize cloud-based applications from any location in a secure and effective manner. SASE solutions combine network security tools such as Secure Web Gateways (SWG), Zero-Trust Network Access (ZTNA), and Cloud Access Security Brokers (CASB) with Software-Defined Wide-Area Networking (SD-WAN) to offer end-to-end protection.
The usage of cloud-based applications has significantly increased over the years, as businesses have shifted their data and applications to the cloud to reduce costs, increase productivity, and enhance scalability. However, this has also led to an increase in cybersecurity risks, and there is a rising demand for quick and secure access to cloud-based applications due to an increase in cyberattacks and data breaches, which is driving the revenue growth of the SASE market.
The adoption of mobile devices and the Internet of Things (IoT) has led to an increasing need for quick and effective access to network resources from any location and device. SASE solutions offer a scalable and adaptable network security solution that can adjust to the evolving requirements of enterprises.
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Segments Covered in Report:
This report provides historical data and forecasts revenue growth at the global, regional, and country levels, along with an analysis of market trends in each segment and sub-segment from 2019 to 2032. Reports and Data has segmented the global SASE market based on component, deployment mode, organization size, end-use, and region.
The market size value of the Secure Access Service Edge (SASE) market in 2022 was estimated to be USD 5.72 billion, with a projected revenue CAGR of 43% from 2022 to 2032. By the end of 2032, the revenue forecast is expected to reach USD 143.03 billion. The base year for estimation is 2022, with historical data spanning from 2020-2021, and the forecast period extending from 2022-2032. The quantitative units used in this report are revenue in USD billion, with a CAGR projection from 2022 to 2032.
This report covers the revenue forecast, company ranking, competitive landscape, growth factors, and trends in the market. The segments covered include component outlook, deployment mode outlook, organization size outlook, end-use outlook, and regional outlook. The component outlook is segmented into solutions and services, while the deployment mode outlook includes cloud and on-premises options. The organization size outlook covers small and medium-sized enterprises (SMEs) and large enterprises, and the end-use outlook includes information technology (IT) and telecom, banking, financial services, and insurance (BFSI), healthcare, retail, and others.
The regional scope of the report includes North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The country scope covers the United States, Canada, the United Kingdom, Germany, France, BENELUX, China, India, Japan, South Korea, Brazil, Saudi Arabia, the United Arab Emirates, and Turkey.
Strategic Development:
- VMware acquired Mesh7 on March 31, 2021. Mesh7 is a company that specializes in application security and API protection. VMware’s acquisition of Mesh7 is intended to enhance its SASE offerings.
- Cisco Systems acquired ThousandEyes on August 7, 2020. ThousandEyes specializes in network intelligence. Cisco’s acquisition of ThousandEyes is aimed at strengthening its SASE and cloud security offerings.
- Zscaler announced its acquisition of Edgewise Networks on May 28, 2020. Edgewise Networks specializes in zero-trust networking. Zscaler’s acquisition of Edgewise Networks is intended to improve its cloud security capabilities.
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Competitive Landscape:
The global SASE market report includes an analysis of the major companies operating in the market. These companies are expected to have a significant impact on the growth and development of the market.
Some of the key players in the market are Cisco Systems, Inc., VMware, Inc., Zscaler, Inc., Palo Alto Networks, Inc., Microsoft Corporation, Akamai Technologies, Inc., Citrix Systems, Inc., Forcepoint LLC., Juniper Networks, Inc., and Barracuda Networks, Inc.
These companies operate in the SASE market through various strategies such as partnerships, collaborations, acquisitions, and new product launches. They also invest heavily in research and development activities to enhance their product offerings and gain a competitive edge in the market.
The competitive landscape of the SASE market is expected to be highly fragmented, with the presence of several small and large players. The market is expected to witness intense competition among the players, as they strive to expand their market share and increase their revenue.
In order to remain competitive in the market, companies are expected to focus on developing advanced SASE solutions that can provide end-to-end protection to their customers. They are also expected to focus on improving their customer service and support, as well as on developing strong distribution networks to reach a wider audience.
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