Secure Access Service Edge Market Analysis Report By Component, By Application, By Region And Segment Forecasts From 2021 To 2028

Synopsis

The global secure access service edge market was prized by USD 665.9 million in 2020. It is estimated to witness 36.4% CAGR from 2021 to 2028.

Drivers

The increasing inclination for the distant working because of the Covid-19 pandemic, which has generated the necessity for a strong safety support that can possibly make sure safe admittance to active records, is the factor which can be credited to the enlargement of the market for secure access service edge (SASE).

The progressions in cloud computing technologies are assisting in increasing the business efficiency along with intensification of the safety system administration. Having understood the profits of cloud computing, companies are insistently taking on a cloud sourced IT infrastructure. Per se, the increasing acceptance of the cloud sourced IT structure and solution, furthermore, encouraging the augmentation of the market for secure access service edge during the forecast period.

A fresh word in the safety background, secure access service edge (SASE), is getting huge fame. Presented project network design includes a number of entrance positions, meant for the information housed through diverse cloud platforms, functions, as well as servers. Protecting and administration of these systems, in addition to admittance to such spread data can be a composite as well as tough job.

The sustained acceptance of the newest technologies along with the increasing implementation of the BYOD movement through businesses is creating that job tougher. At this stage, SASE can possibly unite networking with safety abilities into a sole structure or platform.

Besides, in spite of adding extra safety results, the system safety design stays unproductive and susceptible to the cyber terrorization. SASE structure can unite system safety features of ZTNA, FWaaS, and SWG, together with the WAN ability into an incorporated stage which can potentially deal with every one of these challenges. Therefore, the implementation of SASE structures is likely to increase grip, during the forecast period.

Effect of Covid-19

The eruption of Covid-19 pandemic has encouraged a number of businesses to take on the distant working, in addition to reframe their safety structures. The demand for cloud sourced results along with the services plus strong safety measures has, mainly, added grip after the pandemic.

On the other hand, having understood that the presented inheritance system protection design and usual VPNs would not be competent to convey the essential safety support, a number of businesses are choosing for the secure access service edge, particularly due to its features, which can take care of the network safety along with admittance security. Some cloud security suppliers have, moreover, understood the capability of SASE and are taking into consideration a market incursion.

Component Insight

The platform section held above 70.0% general revenue share and led the secure access service edge (SASE) market, in 2020. The section is likely to carry on leading the market, during the forecast period in proportion to the increasing demand for an integrated solution, which can strongly join devices and users in an easy way.

The businesses of every size proposing to employ network security as well as upgrading network admittance design are expected to choose SASE proposals. The necessity to organize admission to susceptible information stored on the cloud, rising inclination for SaaS function and continuous digital transnational alterations, moreover, help for the expansion of the section.

The services section is projected to reveal the highest CAGR, during the forecast period. The development can be credited to the rising demand for the training and consultation services whilst putting into operation, SASE structures.

The augmentation of the services section can, furthermore, be credited to the actuality that SASE suppliers review the business's presented IT system infrastructure, whilst putting into action SASE structures.

The enterprise administered service suppliers and security providers are equally arranging to offer incorporated administered network and safety services. These factors are moreover likely to push the expansion of the section, during the forecast period.

Applications Insight

The IT & telecom division held more than 20.0% share of general revenue and led the secure access service edge market in 2020. IT companies continued to explore for united and protected networking along with the admittance resolutions as division of their hard work to change to a cloud sourced infrastructure and bring in the digital functions, to impel business augmentation.

Then again, telecom companies, moreover, sustained to forcefully spend on strong safety structures because their services are frequently connected with information transfer. The growing alertness regarding the possible benefits of accepting SASE structures is likely to power the enlargement of the division, during the forecast period.

The healthcare division is projected to record the highest CAGR, during the forecast period. Sustained improvement as well as realization of the tele-health services plus analytics, to make possible effectual contact amid healthcare source and patients, is anticipated to propel the demand for safe network infrastructure services from the healthcare business. The rising cases of cyber-attacks on the healthcare IT infrastructures are mainly inspiring the necessity for sophisticated safety frameworks.

Regional Insight

In 2020, North America held the maximum, above 48.0% revenue share and is projected to go on leading the global secure access service edge market, during the forecast period. Rising implementation of the cloud services, continuous progress in technology and assertive expenditure on IT infrastructure are the factors, supporting budding companies to create a venture within the local market.

The increasing occurrences of cyber attacks aiming large enterprises plus the unfavorable effect of these cyber attacks on the general trade are mainly inspiring the managerial IT expenditure through North America.

Asia Pacific is projected to record a more than 40.0% CAGR, during the forecast period. The insistent expenditure on making sure the safety of the IT infrastructure via businesses in Japan, China and India, is projected to impel the enlargement of the local market. The rising digital labor force as well as the continual acceptance of BYOD movement by the businesses in Asia Pacific is between the main factors, inspiring the local market.

The safety structure strategy being followed, particularly through Southeast Asia, after the increasing threats of cyber attacks on vital IT infrastructures is, moreover, projected to steer the expansion of the local market.

Companies

By the existence of separate network security suppliers along withsecure access service edge retailers, the global market is strengthening. A number of security suppliers are collaborating with SD-WAN sources to create a venture into the market, thus additionally increasing the rivalry.

The rising figure of M&A agreements, in addition to new-fangled product presentations is also increasing the contest. Some network security retailers and Content Delivery Network (CDN) providers are adding up SASE functionalities to their presented safety resolutions like a share of the efforts to create a venture within the market.

Some of the companies for secure access service edge market are:

    • Versa Networks, Inc.
    • Open Systems
    • Hewlett Packard Enterprise Development LP
    • Check Point Software Technologies Ltd.
    • Barracuda Networks, Inc.
    • VMware, Inc.
    • Palo Alto Networks
    • McAfee, LLC
    • Cisco
    • Cato Networks

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2028. For the purpose of this study, Million Insights has segmented the global secure access service edge market report on the basis of component, application, and region:

• Component Outlook (Revenue, USD Million, 2020 - 2028)
    • Platform
    • Services

• Application Outlook (Revenue, USD Million, 2020 - 2028)
    • IT & Telecom
    • BFSI
    • Manufacturing
    • Retail & E-commerce
    • Healthcare
    • Government
    • Energy & Utilities
    • Others

• Regional Outlook (Revenue, USD Million, 2020 - 2028)
    • North America
        • U.S.
        • Canada
    • Europe
        • U.K.
        • Germany
    • Asia Pacific
        • China
        • India
        • Japan
    • Latin America
        • Brazil
        • Mexico
    • MEA