SASE Market by Offering (Network as a Service, Security as a Service), Organization size (SMEs, Large Enterprises), Vertical (Government, BFSI, Retail and eCommerce, IT and ITeS), and Region (North America, Europe, APAC, RoW) - Global Forecast to 2028
The global Secure Access Service Edge (SASE) Market size is projected to grow from USD 1.9 billion in 2023 to USD 5.9 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 25.0% during the forecast period
The growing demand for secure access to data and networks will drive the market. Also, digital transformation, cloud-native, and edge computing will also drive the SASE market.
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SASE Market Dynamics
Driver: Mandate to follow regulatory and data protection laws
Over the years, sophisticated cyber-attacks have massively hit organizations, leading to huge financial losses. Today, organizations continuously seek to deploy advanced security solutions to combat such disruptive attacks. With the deployment of advanced security solutions, compliance with the existing government data protection laws is also mandatory. Data protection directives play an essential role in addressing the rising concerns over an enterprise’s data privacy. The constantly changing threat landscape has given rise to many government regulations globally, which enterprises across the globe need to strictly adhere to.
The various regulatory compliances include Payment Card Industry Data Security Standard (PCI DSS), HIPAA, FISMA, Federal Trade Commission (FTC), Gramm-Leach-Bliley Act (GLBA), EU Agency for Network and Information Security (ENISA), GDPR, Homeland Security Act. Enterprises are moving toward adopting cloud-based security services to ensure that necessary cybersecurity processes and controls are in place across verticals and meet the guidelines and standards issued by regulatory bodies. Hence, the security as a service market is growing due to the need for organizations to adhere to the changing regulatory landscape.
Restraints: Lack of awareness among enterprises about cloud resources and SASE architecture
As many organizations are migrating towards cloud they are unaware of the number of cloud resources running and the process of configuring them. Organizations still lack key identity-related security controls. Lack of visibility can cause misconfigurations that go undetected for long period, which can make it harder to secure cloud applications. Furthermore, organizations migrating a part of their IT infrastructure to public clouds face the inappropriate implementation of security architecture to withstand cyberattacks. Lack of understanding about the shared security responsibility model also contributes toward cyber breaches. As in current scenario, cloud environments have become large and complex for many enterprises, ultimately creating the need for automation . Thus, lack of awareness among many enterprises toward the benefit of SASE architecture, and strategy acts as a restraint for the SASE market.
Opportunity: Increase in adoption of cloud-based services.
In order to attain business efficiency, organisations are constantly updating their business models. SMEs across industries lack robust security procedures to protect their data, networks, endpoints, and applications. They have been widely targeted by cyberattacks. SMEs lack modern cyber security solutions to address the growing threat landscape. Intelligent cyber-attacks can easlity bypass traditional security methods. SMEs are more likely to embrace cloud-based security solutions, and cloud-based security service providers may capitalise on this potential by providing custom-based security services to organizations.
Challenge: Lack of awareness among enterprises about advantages of SASE solutions
Dto the increasing complexity of cloud computing solutions, detecting zero-day (unknown) threats in the cloud infrastructure has become difficult. Many cloud users are still not aware of the advantages of leveraging SASE solutions. SASE addresses the cloud risks by helping cloud users with secure and automatically remediated cloud configurations. Relying on SASE solutions to manage the entire cloud portfolio, compliance violations, cloud risks, and misconfigurations in an organization’s cloud infrastructure could help overcome barriers to deploying SASE in the future.
SASE Market Ecosystem
Based on offering, security as a service segment to have the highest growth rate during the forecast period
Security as a service is a security management approach that enables the provisioning of security solutions and services from the cloud. The security services are integrated with the enterprise infrastructure, safeguarding enterprises’ essential assets from external and internal threats. The key growth drivers of the SASE market are mandates to follow regulatory and data protection laws, increased demand for cloud-based security solutions among SMEs, and high cost and risks in managing on-premises security solutions
Based on Vertical, BFSI segment to hold the highest market share during the forecast period
There is an increasing need for cybersecurity solutions and services in the BFSI vertical to fight against the growing number of physical and cyberattacks on critical infrastructures taking place due to the rapid adoption of IoT and BYOD, work-from-home opportunities, and other enterprise mobility trends. The emerging trend of cloud banking also leads to the need for securing confidential businesses and financial data in real time. Security consultants analyze IT ecosystems and business processes in organizations and suggest effective security policies to mitigate potential cyber risks and maintain a secure environment.
North America to account for the highest market share during the forecast period
The presence of leading SASE solution providers that have established themselves globally is a major factor leading to the rapid growth of the SASE market in North America. The other factors such governments taking efforts to strengthen the cybersecurity and resiliency of critical infrastructure and technologies will drive the market.
Key Market Players
This research study outlines the market potential, market dynamics, and major vendors operating in the SASE market. Key and innovative vendors in the the SASE market include Cisco (US), VMware (US), Fortinet (US), Palo Alto Networks (US), Akamai (US), Zscaler (US), Cloudfare (US), Forcepoint (US), Check Point (US), Netskope (US), Mcafee (US), Citrix (US), Proofpoint (US), Aruba Networks (US), Juniper Networks (US), Verizon (US), SonicWall (US), Barracuda Networks, (US) Broadcom (US), Perimeter 81 (Israel), Open Systems (Switzerland), Aryaka (US), Twingate (US), Claro Enterprise Solutions (US), NordLayer, (US) Exium (US), Cato Networks (Israel), Versa Networks (US)
The study includes an in-depth competitive analysis of these key players in the SASE market with their company profiles, recent developments, and key market strategies.
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Report Metrics |
Details |
Market size available for years |
2018-2028 |
Base year considered |
2022 |
Forecast period |
2023-2028 |
Forecast units |
Value (USD Million/USD Billion) |
Segments covered |
Offering, Organization Size, Vertical and Region |
Regions covered |
North America, Europe, Asia Pacific, RoW |
Companies covered |
Cisco (US), VMware (US), Fortinet (US), Palo Alto Networks (US), Akamai (US), Zscaler (US), Cloudfare (US), Forcepoint (US), Check Point (US), Netskope (US), Mcafee (US), Citrix (US), Proofpoint (US), Aruba Networks (US), Juniper Networks (US), Verizon (US), SonicWall (US), Barracuda Networks, (US) Broadcom (US), Perimeter 81 (Israel), Open Systems (Switzerland), Aryaka (US), Twingate (US), Claro Enterprise Solutions (US), NordLayer, (US) Exium (US), Cato Networks (Israel), Versa Networks (US). |
This research report categorizes the SASE market to forecast revenue and analyze trends in each of the following submarkets:
Based Offering:
- Network as a Service
- Security as a Service
Based on Organization Size:
- Large Enterprises
- SMEs
Based on Vertical:
- Government
- BFSI
- Retail and eCommerce
- IT and ITeS
- Other Verticals
Based on Regions:
- North America
- Europe
- Asia Pacific
- RoW
Recent Developments:
- In February 2023, Zscaler launched Zscaler Resilience, incorporating a new set of capabilities that extend the resilience of Zscaler’s architecture and operations and maintain interconnections between users and devices to critical cloud-based applications.
- In October 2022, VMware SD-WAN Release 4.3.0 Orchestrators, Gateways, and Hub Edges: supports all previous VMware SD-WAN Edge versions greater than or equal to Release 3.2.0.
- In June 2022, Telefónica Tech and Cisco collaborated on SD-WAN, security, and SASE solutions. This new service provides a comprehensive connectivity and safety package to link firms across data centers, local branches, and distant worker locations. It was supposed to meet the demands of both major start-ups and local businesses.
- In March 2022, Palo Alto Networks teamed up with Amazon Web Services (AWS) to unveil the new Palo Alto Networks Cloud NGFW for AWS — a managed Next-Generation Firewall (NGFW) service designed to simplify securing AWS deployments — enabling organizations to speed their pace of innovation while remaining highly secure.
Frequently Asked Questions (FAQ):
What is the projected market value of the global SASE market?
The global SASE market size is projected to grow from USD 1.9 billion in 2023 to USD 5.9 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 25.0% during the forecast period.
Which region has the highest market share in the SASE market?
North America followed is expected to hold the largest market share in the SASE market.
By offering, which is expected to witness a higher market share in the coming years?
The network as a service segment is expected to hold the highest market share during the forecast period.
Who are the major vendors in the SASE market?
Cisco (US), VMware (US), Fortinet (US), Palo Alto Networks (US), Akamai (US), Zscaler (US), Cloudfare (US), Forcepoint (US), Check Point (US), Netskope (US), Mcafee (US), Citrix (US), Proofpoint (US), Aruba Networks (US), Juniper Networks (US), Verizon (US), SonicWall (US), Barracuda Networks, (US) Broadcom (US), Perimeter 81 (Israel), Open Systems (Switzerland), Aryaka (US), Twingate (US), Claro Enterprise Solutions (US), NordLayer, (US) Exium (US), Cato Networks (Israel), Versa Networks (US)
Which vertical is expected to witness a higher market share in the SASE market?
The BFSI segment is expected to hold the highest market share during the forecast period.
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The SASE market study involved the extensive use of secondary sources, directories, and databases, such as D&B Hoovers, Bloomberg Businessweek, and Factiva. Other market-related sources, such as journals and white papers from industry associations, were also considered while conducting the secondary research. Primary sources were mainly industry experts from core and related industries, preferred system developers, service providers, System Integrators (SIs), resellers, partners, and organizations related to the various segments of the industry’s value chain. In-depth interviews were conducted with various primary respondents to obtain and verify critical qualitative and quantitative information and assess the market’s prospects. These respondents included key industry participants, subject matter experts, C-level executives of key market players, and industry consultants.
Secondary Research
In the secondary research process, various secondary sources were referred to for identifying and collecting information for the study. The secondary sources included annual reports, press releases, and investor presentations of companies, and white papers, certified publications, and articles from recognized associations and government publishing sources. Several journals such as the International Journal of Computer Science and Information Technology and Security (IJCSITS), ScienceDirect, ResearchGate, Academic Journals, and Scientific.Net and various telecom and SASE associations/forums, Citizens Broadband Radio Service (CBRS) Alliance, MulteFire Alliance, and 3GPP were also referred. Secondary research was mainly used to obtain key information about industry insights, the market’s monetary chain, the overall pool of key players, market classification, and segmentation according to industry trends to the bottom-most level, regional markets, and key developments from both market- and technology-oriented perspectives.
Primary Research
In the primary research process, various primary sources from both supply and demand sides were interviewed to obtain qualitative and quantitative information for the report. The primary sources from the supply side included industry experts, such as Chief Executive Officers (CEOs), Chief Technology Officers (CTOs), Chief Operating Officers (COOs), Vice Presidents (VPs), marketing directors, technology and innovation directors, and related key executives from various key companies and organizations operating in the SASE market. The primary sources from the demand side included SASE network end users, network administrators/consultants/ specialists, Chief Information Officers (CIOs), and subject-matter experts from enterprises and government associations.
After the complete market engineering process (including calculations for market statistics, market breakdown, market size estimations, market forecast, and data triangulation), extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. Primary research was also conducted to identify and validate the segmentation types; industry trends; key players; the competitive landscape of the market; and key market dynamics, such as drivers, restraints, opportunities, challenges, industry trends, and key strategies.
In the complete market engineering process, both top-down and bottom-up approaches and several data triangulation methods were used to perform the market estimation and forecast for the overall market segments and subsegments listed in this report. Extensive qualitative and quantitative analysis was performed on the complete market engineering process to list the key information/insights throughout the report.
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Market Size Estimation
Multiple approaches were adopted to estimate and forecast the market size of the SASE market. The first approach involves estimating market size by summing up the revenue generated by companies through selling SASE offerings.
Market Size Estimation Methodology, Approach 1: Supply-Side Analysis of Revenue From Offerings in the SASE Market
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Bottom-up Approach
The bottom-up approach was employed to arrive at the overall size of the SASE market from the revenue of the key players and their share in this market. The revenue of the key players was analyzed to determine the overall size of the SASE market.
Approach for capturing the market share using bottom-up analysis (demand side)
Top-Down Approach
In the top-down approach, the overall market size was used to estimate the size of the individual market segments through percentage splits obtained from secondary and primary research.
For the calculation of specific market segments, the most appropriate immediate parent market size was used to implement the top-down approach. The bottom-up approach was implemented for the data obtained from secondary research to validate the market size of various segments.
The market share of each company was obtained to verify the revenue share used in the bottom-up approach. Through data triangulation and validation of data with the help of primary research, the overall parent market size and each market segment size were determined.
Market Size Estimation Methodology: Demand-Side Analysis
Data Triangulation
Market Definition
According to Gartner, the secure access service edge is an emerging offering that combines comprehensive WAN capabilities with comprehensive network security functions (SWG, CASB, FWaaS, and ZTNA) to support the dynamic, secure access needs of digital enterprises.
Key Stakeholders
- SASE specialists
- SASE solution and service providers
- Project managers
- Developers
- Business analysts
- Project managers
- Quality Assurance (QA)/test engineers
Report Objectives
- To determine, segment, and forecast the global SASE market by offerings, organization size, vertical, and region in terms of value.
- To forecast the size of the market segments with respect to five main regions: North America, Europe, Asia Pacific, and the Rest of the World.
- To provide detailed information about the major factors (drivers, opportunities, threats, and challenges) influencing the growth of the SASE market
- To study the complete value chain and related industry segments and perform a value chain analysis of the SASE market landscape.
- To strategically analyze the macro and micromarkets1 with respect to individual growth trends, prospects, and contributions to the total SASE market
- To analyze the industry trends, pricing data, patents, and innovations related to the SASE market.
- To analyze the opportunities for stakeholders by identifying the high-growth segments of the SASE market
- To profile the key players in the market and comprehensively analyze their market share/ranking and core competencies2.
- To track and analyze competitive developments, such as mergers & acquisitions, product launches & developments, partnerships, agreements, collaborations, business expansions, and research & development (R&D) activities.
Available Customizations
Along with the market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (Up to 5)
Growth opportunities and latent adjacency in SASE Market