Secure Access Service Edge Market Share Grows 27.1% CAGR and Will Reach US$10.31 Billion by 2030: Polaris Market Research

According to a new study by Polaris Market Research, the global secure edge access services market size is expected to reach USD 10.31 billion by 2030.

The global market will be driven by the increased need for a unified network security infrastructure as businesses undergo digital transformation and security migrates to the cloud in the coming years. Converged solutions are gaining traction as a way to reduce complexities, agility, multi-cloud networking, and SD-WAN secure access architecture. Using the SASE architecture, multiple network points and security tasks that were previously handled by separate point solutions were already unified into a single integrated cloud service edge. The secure access system edge vendors are also required to comply with data regulation rules and laws, which helps boost the global industry. As a result, the global industry will grow in the projection years.

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In terms of revenue, larger companies hold a greater proportion of the global SASE industry. To protect a company’s valuable assets from cyberattacks, companies around the world are putting in place strong data privacy protocols and policies coupled with a robust architecture because its huge workforce and working infrastructure are more prone to identity and cyber risks. Large organizations, in order to protect their data assets, were early adopters of SASE, due to its cost advantage, and currently most of them choose cloud-based deployments to sync with updated security infrastructure.

Asia-Pacific is expected to grow at the fastest CAGR over the forecast period, depending on the region. Due to increased adoption of mobile, web, and BYOD applications and government laws to protect consumer data, the SASE industry in APAC is likely to accelerate throughout the projection period. . Rising demand for cloud-based applications and requirement for effective security solutions across industries is driving the growth.

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Main Key Players

Some of the major players operating in the market include Citrix, Aryaka, Check Point, Broadcom, Cato Networks, Cisco, VMware, Akamai, Cloudflare, Zscaler, Fortinet, McAfee, Netskope, Palo Alto Networks, Proofpoint, Versa Networks, and Forcepoint.

In September 2021, Akamai, a content delivery network (CDN) company, announced the acquisition of Guard core, a micro-segmentation company, for approximately $600 million to prevent the spread of ransomware. The technique, according to Akamai, is complementary to its zero-trust security initiative and will help prevent virus transmission throughout the network.

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Polaris Market Research has segmented the Secure Access Service Edge Market report on the basis of offering, organization size, vertical, and region:

Secure Access Service Edge, Outlook Offering (Revenue – USD Billion, 2018 – 2030)

  • Network as a service
  • SaaS

Secure Access Service Edge, Organization Size Outlook (Revenue – USD Billion, 2018 – 2030)

Secure Access Service Edge, Vertical Outlook (Revenue – USD Billion, 2018 – 2030)

  • Government
  • BFSI
  • Retail and e-commerce
  • IT and ITS
  • Others

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