Global Secure Access Service Edge Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Market Overview

The Global Secure Access Service Edge Market is anticipated to register a CAGR of 27.34% over the forecast period (2022-2027). The market has shown signs of strong expansion in recent years, and this trend is expected to continue. Due to its numerous advantages, secure access service edge architecture is becoming even more popular, which will contribute to its successful expansion.

• The Secure Access Service Edge (SASE) market has been growing significantly over the past several months. End customers desire networking and cybersecurity equipment that is easier to use. It has become obvious that the cloud consumption model is the intended end goal for cybersecurity as cloud-based security services like Cloudflare, Okta, and Zscaler have gained popularity.
• Moreover, Software-defined wide-area networking (SD-WAN) services were the foundation for tying networks and branches to the cloud on the enterprise networking side. Cloud-based networking and security are now combined. SASE is extending into SD-WAN. The need for SD-WAN, security integration, and cloud-based services will probably continue to grow for many years, driving the SASE market upward.
• Technology trends and improvements are changing the way connection services are offered, helping to meet the exponential rise in demand. The market continually adopts strategies and as-a-service business models that integrate software-defined networking capabilities with cloud-based network security tasks. In the near future, they will become more prominent.
• The market for secure access services at the edge will have more development possibilities as converged services are required to reduce complexity, increase speed, and enable multi-cloud networking. The development trajectory of the secure access service edge market will also benefit from enterprises' digital shift to the cloud. Secure Access Service Edge (SASE) architecture is a corporate security architectural approach for networking. It is made to accommodate the workforce's requirement for quick application access.
• Further, multiple security solutions are being used by many enterprises as a result of the ongoing trend of moving from data centers to the cloud. Along with the migration trend toward the cloud, many businesses are unaware of the number of cloud resources used and how they are configured. Key identity-related security safeguards still aren't present in many companies. It is more difficult to protect cloud apps since this lack of visibility leads to misconfigurations that go unnoticed for a long time.
• The market for secure access service edge had a positive effect due to the COVID-19 outbreak. Following the COVID-19 pandemic, several governments worldwide implemented new methods for conducting business online. Digital company practices have subsequently replaced traditional business continuity plans for several firms (BCP). People are more inclined to employ digital technologies due to the growing usage of BYODs service edge and global internet penetration.

Scope of the Report

Secure Access Service Edge converges cloud networking with security for simplicity, scalability, flexibility, and pervasive security; by combining network security functions with WAN capabilities, SASE delivers secure, optimal, and automated access to applications and workloads in the cloud. SASE provides secure access from a single management platform, regardless of the location of users and applications.

The Global Secure Access Service Edge Market is Segmented By Offering Type (Network as a Service and Security as a Service), By Organization Size (Large Enterprises and Small and Medium Enterprises), By End User Vertical (BFSI, IT & Telecom, Retail, Healthcare, Government, and Manufacturing), and Geography.

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Key Market Trends

Increasing Adoption of Cloud Technologies to Drive the Market

• People are increasingly inclined to use digital technologies like cloud solutions due to the widespread use of BYOD devices, the WFH trend, and the internet penetration into every corner of the world, fueling the demand for cybersecurity measures to protect against cyberattacks. There is an increasing demand for endpoint and Virtual Private Network (VPN) protection measures to maintain strong security practices and policies.
• Organizations are adopting various security measures due to the ongoing transition from data centers to cloud services and the pressure it has placed on cloud services. Even more so when it comes to ensuring safe access to cloud services, monitoring all these security solutions is proving to be a challenging undertaking.
• The network security architecture is also weak and open to cyber-attacks despite including more protection measures. SASE framework can combine the SD-WAN capabilities with the network security characteristics of SWG, ZTNA, and FWaaS to create a platform that may be able to handle all of these issues. As a result, it is anticipated that SASE framework use would increase throughout the projection period.
• Massive growth prospects, such as securing the data of Small and Medium Enterprises (SMEs) from security breaches and vulnerabilities, are anticipated for cloud-based data protection solutions and service providers. The demand for IT security is increasing, and cloud-based security solutions help satisfy that demand. SMEs are increasingly likely to use cloud-based security solutions, and cloud-based security service providers may take advantage of this trend by providing security solutions to businesses worldwide.
• For instance, it was prominent in large enterprises, where 72 % utilized cloud computing in 2021, up 7 % from 2020. The adoption of cloud computing by medium-sized businesses increased from 46% in 2020 to 53% in 2021. The utilization of cloud computing in small businesses rose by 5 %, pointing to 38%.

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