Secure Access Service Edge Market Growth, Latest Trends & Forecasts 2028

Secure Access Service Edge Industry Overview

The global secure access service edge market size is expected to reach USD 11.29 billion by 2028, registering a CAGR of 36.4% from 2021 to 2028, according to a new study conducted by Grand View Research, Inc. The existing networking technologies are complex and difficult to manage but easy for cybercriminals to intrude. The growing preference for remote working practices, increase in traffic across public clouds, and the rising dependence on data centers are further adding to the data security risks. At this juncture, the growing demand for ensuring secure access to data and networks is driving the need for advanced network approaches and technologies. The subsequent need for a unified and simplified approach to strengthen network security has resulted in the emergence of SASE.

U.S. secure access service edge market size, by component, 2021 - 2028 (USD Million)

Secure Access Service Edge Market Segmentation

Grand View Research has segmented the global secure access service edge market on the basis of component, application, and region:

Based on the Component Insights, the market is segmented into Platform and Services.

  • The platform segment dominated the market in 2020 and accounted for more than 70% of the overall revenue share. The segment is expected to continue dominating the market over the forecast period in line with the growing demand for a unified solution that can securely connect users and devices in a simplified manner.
  • The services segment is anticipated to exhibit the fastest CAGR over the forecast period. The growth can be attributed to the growing demand for consultation and training services while implementing SASE frameworks. The growth of the services segment can also be attributed to the fact that SASE vendors assess the business’s existing IT network infrastructure while implementing SASE frameworks.

Based on the Application Insights, the market is segmented into IT & Telecom, BFSI, Manufacturing, Retail & E-commerce, Healthcare, Government, Energy & Utilities, Others.

  • The IT & telecom segment dominated the market in 2020 and accounted for over 20% of the overall revenue share. IT companies continued to scout for unified and secure networking and access solutions as part of their efforts to switch to a cloud-based infrastructure and introduce digital applications to drive business growth.
  • The healthcare segment is expected to register the fastest CAGR over the forecast period. Continued innovation and implementation of telehealth services and analytics to facilitate effective communication between patients and healthcare providers are expected to drive the demand for secure network infrastructure services from the incumbents of the healthcare industry vertical.

Secure Access Service Edge Regional Outlook

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Key Companies Profile & Market Share Insights

The increasing number of M&A deals and new product launches are equally intensifying the competition. Several network security vendors and Content Delivery Network (CDN) vendors are adding SASE functionalities to their existing security solutions as a part of the efforts to make a foray into the market.    

Some of the prominent players operating in the global secure access service edge market include,

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

Order a free sample PDF of the Secure Access Service Edge Market Intelligence Study, published by Grand View Research.

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