“Cisco Systems Inc. (US), VMware Inc. (US), Fortinet, Inc (US), Palo Alto Networks, Inc. (US), Akamai Technologies, Inc. (US ), Zscaler, Inc. (US), Cloudflare, Inc. (US), Cato Networks (Israel), Versa Networks, Inc. (US), Forcepoint (US), Broadcom, Inc. (USA), Check Point Software Technologies Ltd. (Israel), McAfee, LLC (US), Citrix Systems, Inc. (US), Netskope (US).
Secure Access Service Edge (SASE) Market By Offer (Network as a Service and Security as a Service), Organization Size (SMB and Large Enterprise), Vertical and Region – Global Forecast to 2026
In the post-COVID-19 scenario, the global Secure Access Service Edge market size is expected to grow from USD 1.2 Billion in 2021 to USD 4.1 Billion by 2026, registering a compound annual growth rate (CAGR) of 26.4% from 2021 to 2026 Key factors driving the market growth include growing preference for remote working following the outbreak of the COVID-19 pandemic coupled with the increasing need for a unified network security with capabilities from SD-WAN, FWaaS, SWG Solutions, CASB, and ZTNA.
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By offering, the security-as-a-service segment is expected to grow at a higher CAGR than the network-as-a-service (NaaS) segment during the forecast period.
According to Zscaler, Security as a Service is a way to deliver security technologies, traditionally found in enterprise data centers or regional gateways, as a cloud service. Security as a service has become an important enabler of business around the world, as it provides secure access to applications and services no matter where they are hosted or where users log on. NaaS services can range from managed software-defined WAN (SD-WAN) and network access, including wireless to security, unified communications services, and more, either in a public cloud or on virtualized client equipment (vCPE).
Based on Vertical, the BFSI segment is expected to dominate the market in 2021.
The BFSI vertical has been at the forefront of SD-WAN adoption because it enables banking institutions to provide a wide range of services to customers at sustainable costs. The BFSI vertical faces bandwidth and security issues when connecting regional offices such as branch offices and data centers. SASE platforms have built-in security features that secure hybrid networks for widespread use.
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Major players i.e. include Cisco Systems Inc. (US), VMware Inc. (US), Fortinet, Inc (US), Palo Alto Networks, Inc. (US), Akamai Technologies , Inc. (US), Zscaler, Inc. (US), Cloudflare, Inc. (US), Cato Networks (Israel), Versa Networks, Inc. (US), Forcepoint (US) United States), Broadcom, Inc. (United States), Check Point Software Technologies Ltd. (Israel), McAfee, LLC (US), Citrix Systems, Inc. (US), Netskope (US), Perimeter 81 Ltd. (Israel), Open Systems (Switzerland), Aryaka Networks, Inc. (US), Proofpoint, Inc. (US), Secucloud Network GmbH (Germany), Aruba Networks (US), Juniper Networks, Inc (US), Verizon Communications, Inc. (US), SonicWall (US), Barracuda Networks, Inc. (US) and Twingate (US). These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches and product enhancements, and acquisitions to expand their presence in the SASE market. Partnerships, agreements & collaborations and new product launches were the strategies most adopted by the major players from 2019 to 2021 to innovate their offers and expand their customer base.
Cisco is a global provider of networking equipment. The company has been designing, manufacturing, verifying and selling integrated products and services since 1984. It also offers Internet Protocol (IP)-based networking, security and cybersecurity products and services. Cisco Zero Trust Security provides comprehensive security across organizations’ network, applications, and environments. This approach secures user access, end-user devices, APIs, IoT, microservices, and containers, among others. It protects the workforce, workloads and workplaces.
The company’s customer base includes large enterprises and small to medium enterprises with security solutions, such as SASE, Software-Defined Wireless Area Network (SD-WAN), Cisco Zero Trust, Cisco Secure Data Center and Cisco Application-First Security. . Cisco Security Technology Alliance enables open, multi-vendor product integrations with Cisco security products. The Company offers services, such as consulting, implementation and management services. It has strategic alliances with Apple, A10 Networks, Alien Vault, AWS, Centrify, Fortinet, Google, and IBM Security. It has a significant presence in the Middle East, North America, Latin America, APAC and Europe.
VMware is a global provider of virtualization and cloud infrastructure and focuses on customer-centric solutions to accelerate enterprise IT performance. In 2004, VMware was acquired by EMC. It remains a subsidiary of EMC but operates as an independent software vendor. In 2021, the total number of employees working in the company is 33,000. The company offers flexible, easy-to-install and agile products and services. VMware has a leading position in the SASE market. The company offers a robust set of solutions and services in the market and enables customers to meet the challenges of any security threat.
VMware allows companies to install different cloud models to improve day-to-day business operations. It serves more than 500,000 customers, 75,000 partners and 120 locations around the world. Its main products include data center and cloud infrastructure, networking and security, storage and availability, hyperconverged infrastructure, cloud management platform, personal desktops, digital workplaces, desktop and application virtualization and enterprise mobility management.
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