Secure Access Service Edge Market Size, Share and Trends 2024 to 2034

Secure Access Service Edge Market Size and Forecast 2024 to 2034

The global secure access service edge market size is worth around USD 2.29 billion in 2024 and is anticipated to reach around USD 21.49 billion by 2034, growing at a solid CAGR of 25.10% over the forecast period 2024 to 2034. The North America secure access service edge market size reached USD 660 million in 2023. The increasing need for secure data access and networks, including the inclination of major enterprises for cloud-based solutions, rising digitalization, internet penetration across various verticals, and edge computing, is fuelling the secure access service edge market on a global scale.

Secure Access Service Edge Market Key Takeaways

• North America led the secure access service market with the largest market share of 36% in 2023.
• Asia Pacific is anticipated to host the fastest-growing market during the forecast period.
• By component, the platform segment accounted for the largest market share of 73% in 2023.
• By component, the service segment is observed to grow at the fastest rate in the global market over the studied period.
• By application, the IT & telecom segment dominated the market in 2023.
• By application, the healthcare segment is observed to grow rapidly in the market over the forecast period.

U.S. Secure Access Service Edge Market Size and Growth 2024 to 2034

The U.S. secure access service edge market size was exhibited at USD 490 million in 2023 and is projected to surpass around USD 5,920 million by 2034, poised to grow at a CAGR of 25.42% from 2024 to 2034.

North America accounted for the largest share of the secure access service market in 2023. The growth of this region is due to the evolving technology and its adoption, huge spending on IT infrastructure and its security, and the incorporation of cloud services, which has witnessed a sudden jerk due to its high-end benefits. These reasons are encouraging major players to invest in a robust security structure like the SASE framework. Cyberattacks have increased in the last few years, which is the major reason for the adoption of robust security networks in large enterprises in North America.

• In January 2024, Kyndryl, New York, announced that the company partnered with Cisco to launch two of its new security edge services to help customers improvise their security controls and address and respond to cyber incidents proactively. The newly launched security edge services, along with Kyndryl and Cisco’s available SD-WAN services, enable organizations to build a solid foundation to transition into a secure access service edge architecture.

Asia Pacific is anticipated to host the fastest-growing secure access service edge market during the forecast period. Economically growing countries like India, Japan, and China are investing heavily in security frameworks due to the rising digitalization across the nations, and penetration of the internet is faster than before in the Asia Pacific, which is an alarming sign in terms of digital world security.

• In June 2024, Tata Communications, in collaboration with Versa Networks, one of the prominent providers of AI-driven Unified SASE solutions, introduced its Unified/ Single-Vendor Hosted Secure Access Service Edge, designed for global enterprises. This solution integrates software-defined wide area networks (SD-WAN) with secure service edge (SSE) capabilities, utilizing single-pass technology. According to the data released in the year 2024.

Market Overview

The secure access service edge market is expanding due to the rising cyber threats across the globe, and thus, it indicates a paradigm shift in the network access security field. A combination of security features like firewall and network as a service creates a unified solution as a single cloud-native service, fuelling its growth further on a broader scale. Due to such a unified approach, cloud-based services and applications can be secure in a proper manner, mitigating a constant cyber threat. Cloud-based services further observe a sudden demand due to their flexibility and scalable nature. 

• In February 2024, Huawei announced the new HiSec SASE Solution launch at the IP Club Carnival. This newly launched solution comes with cloud-network-edge-endpoint integrated intelligent protection, providing consistent security assurance for the enterprise headquarters and branches.

Secure Access Service Edge Market Growth Factors

• Inclination towards cloud-based service solutions for applications and security purposes, fuelling the secure access service edge market globally.
• Companies are looking for unified solutions for data protection to comply with government security policies about data.
• Increasing number of cyberattacks worldwide.
• Increasing establishment of SMEs that require strong security networks.
• Rising digitalization and internet penetration in Asia Pacific.
• Every year, the number of cyber-attacks has been increasing, and the need to combat them is prime.

AI Impact on the secure access service edge market

Artificial intelligence (AI) is positively impacting the secure access service edge market owing to various reasons like enhancing security, high scalability, and efficiency. It helps in the faster detection of cyber threats and reduces them before they manifest. By using machine learning algorithms, a huge amount of data can be analyzed to identify the pattern that indicates potential cyber threats. 

AI automation can simplify network management, minimize human intervention, and enable dynamic implementation protocol in real-time, fuelling the secure access service edge market's growth further. With the help of AI, the secure access service edge market can offer robust security measures with context, which can be customized as needed. Network performance and bandwidth usage can also be optimized with the help of AI, especially in remote working situations.

Market Scope

Market Dynamics

Driver

Strict regulations and data protection laws

A significant driving factor that the secure access service edge market holds is the strict government regulation about data privacy and its protection owing to the frequent cyber-attacks. In recent years, planned cyber-attacks have suddenly increased, which caused a huge financial loss. Therefore, major key players and other companies are looking for robust security solutions to combat unauthorized access. 

Data protection laws play a crucial role in data security. A constantly changing environment is creating challenges for enterprises to protect their data. Enterprises are striving for technically advanced security systems to comply with governments' stringent data protection policies like HIPAA, the Federal Trade Commission, the gramm-glitch Bliley Act, and the EU Agency for Network and Information Security. Therefore, they are adopting cloud-based solutions to ensure the security of data and its transmission.

Restraint

Misinformation of secure access service edge (SASE) architecture

Many organizations are adopting cloud-based solutions for security purposes, though they need to be made aware of the cloud resources currently running and how to configure them, leading to confusion about their application. Organizations that do not have the proper information for identity-related security controls hinder the secure access service edge market significantly on a global scale. Visibility issues can cause configuration problems that may be unnoticed for extended periods, making it hard to secure cloud applications. Such a lack of information can create loopholes that cause cyber-attacks more frequently.

Opportunity 

An inclination toward cloud-based services

The major opportunity that the secure access service edge market holds is the increasing adoption of cloud-based services across various verticals around the globe. Organizations are constantly upgrading their business models for optimum outcomes and business efficiency. SMEs are widely targeted by cyber attackers since they do not have sufficient security systems to protect their network of data and its applications. Intelligent attackers can easily find loopholes in the system and hack them. Since SMEs are the biggest consumers of cloud-based services, cloud-based service providers can provide solutions for it and capitalize on it to provide customized security services to SMEs, which is the stronger foundation for proliferating the market.

Component Insights

The platform segment accounted for the largest share of the secure access service edge market in 2023. The platform segment is expected to be dominating continuously in the forecasted years due to the rising demand for a unified solution with simplification where users and devices can connect securely. Many organizations are planning to upgrade to SASE platforms for security purposes.

• In August 2023, Carlsberg Group selected Cato Networks for a massive global SASE deployment. Cato Networks announced Carlsberg Group as its latest enterprise customer. The third-largest brewer in the world chose a single-vendor SASE to transform its global network and security infrastructure.

The service segment is observed to grow at the fastest rate in the global secure access service edge market over the studied period. The growth of this segment is due to the rising demand for training services and consultation with secure access service edge implementation. The vendors help the enterprises with existing IT structures and implement frameworks for SASE. Such a partnership helps manage security vendors and service providers to work in alignment for the maximum benefit of security.

Application Insights

The IT & telecom segment dominated the secure access service edge market in 2023. IT companies are strongly in need of security as they generate huge amounts of data and are, therefore, looking for a unified solution for it, fuelling the segment's demand further. IT companies are increasingly shifting towards cloud-based solutions, and launching business applications is another driving factor in the market. On the contrary, telecom companies also spend hugely on security frameworks since their services are related to huge data transmission, which requires secure encryption.

The healthcare segment is observed to grow rapidly in the secure access service edge market over the forecast period. The growth of this segment is attributed to factors like increasing telehealth platforms and analytics for effective communication between medical professionals and patients. Rising news about cyberattacks on the IT structure of healthcare is common these days; to reduce the risk, the adoption of the SASE framework is a preferential option by many healthcare providers. The data about patients' medical history is very personal and sensitive, one that should be preserved carefully. This is another reason why many healthcare providers adopt this framework and gain the trustworthiness of patients.

Secure Access Service Edge Market Companies

• 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

Recent Developments

• In May 2024, iboss, a company in cloud security for heavily regulated sectors, introduced its latest innovation: the Zero Trust SD-WAN solution. This launch positions iboss as a comprehensive Zero Trust SASE provider, seamlessly integrating its acclaimed Zero Trust SSE platform with the new SD-WAN offering.
• In January 2024, Versa Networks, a leading provider of AI/ML-powered unified secure access service edge solutions, announced the launch of a new series of Unified SASE gateways. These gateways offer an impressive throughput exceeding 100 Gbps, designed to address the rising demand for enhanced computing capabilities. This demand is driven by the industry's increasing integration of networking and security functions.

Segments Covered in the Report

By Component

• Platform
• Services

By Application

• It & Telecom
• Bfsi
• Manufacturing
• Retail & E-commerce
• Healthcare
• Government
• Energy & Utilities
• Others  

By Geography

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