Secure Access Service Edge Market Size

Secure Access Service Edge Market Analysis

The secure access service edge market was valued at USD 6.74 billion in 2023, and it is expected to record a CAGR of 20.48% and reach a value of USD 22.89 billion by 2028. 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 combined with 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 will protect IoT devices and the data they generate as the Internet of Things (IoT) develops further. In the context of the IoT, secure communications and data protection are essential.
• In addition, cloud-based SASE may witness a surge in terms of adoption. For instance, the Flexera 2022 State of the Cloud Report states that 80% of enterprise respondents indicated adopting Microsoft Azure for public cloud usage. AWS, Microsoft Azure, and Google Cloud, which are known hyper scalers, are among the leading cloud computing platform providers across the world. Every firm uses at least one public or private cloud. At least one public cloud is used by 96% of respondents, while at least one private cloud is used by 84% of respondents. About 80% of the participants said that they use hybrid cloud systems.
• The growing usage of the public cloud is boosting cloud spending for businesses of all kinds; cloud spending is already a significant aspect of IT budgets. 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 the difficulty in 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 to keep up with the evolving technologies and government regulations.
• The growth in investment strategies in a larger share of businesses across the world 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.