Secure Access Services Marketplace (SASE) valued at $ 5.36

Secure Access Services Marketplace (SASE) valued at $ 5.36

New York, United States, January 10, 2022 (GLOBE NEWSWIRE) – Market Snapshot:
According to a comprehensive research report from Market Research Future (MRFR), “Peripheral market for secure access services information by offer, by size of organization, by vertical and by region – forecasts until 2027The market size will reach $ 5.36 billion, with compound annual growth of 28.3% by 2027.

SASE Market Scope:
The global market for secure edge access services is growing rapidly. Growing demand for Secure Access Services Edge (SASE) solutions to meet growing data security and networking needs is driving market growth. With increased funding and support from public and private organizations and venture capitalists, the market is expected to register significant gains over the next few years.

The Major Key Players in the Covered SASE Market are:

  • VMware Inc. (US)
  • Cisco Systems Inc. (United States)
  • Fortinet Inc. (United States)
  • Akamai Technologies Inc. (United States)
  • Palo Alto Networks Inc. (United States)
  • Zscaler Inc. (United States)
  • Cato Networks Ltd. (Israel)
  • Cloudflare Inc. (United States)
  • Versa Networks Inc. (United States)
  • Broadcom Corporation (United States)
  • Forcepoint (United States)
  • Checkpoint Software Technologies Ltd. (Israel)
  • Aryaka Networks Inc. (United States)
  • McAfee Corp. (United States)
  • Citrix Systems Inc. (United States)

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USP market exclusively encompassed:
SASE market engines
The heightened cybersecurity awareness driven by the increase in high-profile breaches has driven the market gains.
The growing adoption of cloud environments by customers to secure seamless access to applications wherever users work and gain operational efficiency by simplifying deployment, management and enforcement of policies in all environments is influencing market value. Large-scale digitization and automation in key industries, such as BFSI, retail and e-commerce, IT and telecommunications, as well as healthcare and government sectors, are dramatically increasing the need for network infrastructure.

In addition, the increasing demand for cloud and security networks is driving the growth of the market. The supporting financing of cybersecurity and the decrees imposing the concentration of federal agencies allow SASE to acquire great importance in the market. The increasing demand for software and support services continues to be a source of strength in the market. In addition, the booming adoption of the cloud environment would boost SASE sales and lead to strong revenue growth in fiscal 2021 and 2022.

Despite the ongoing supply chain challenges facing the broader technology marketplace, security at the edge of secure access services would transform networks. Digital transformation and the use of mobile computing and the cloud are growing more than ever. Now SASE is able to solve evolving data security and networking challenges. Nonetheless, the growth in adoption of cloud computing and high performance computing technologies is said to accelerate the growth of the market throughout the forecast period.

Browse the in-depth market research report (141 pages) on the Secure Access Services Edge (SASE) Market:

On the other hand, factors hampering the growth of the advanced secure access services market include the high costs associated with the initial implementation of SASE solutions and the lack of technical expertise required to design the technology and the integration with emerging technologies. Exponential improvements in remote working, digital transformation and the use of the cloud have made SASE necessary, meeting the continuing demand for speed and efficiency.

Market segmentation covered by research:
The market research is segmented into offer, organization size, end user, vertical and regions. The supply segment is divided into network as a service and security as a service. The organization size segment is sub-segmented into small and medium enterprises (SMEs) and large enterprises. The vertical segment is divided into government, BFSI, retail and e-commerce, IT and telecommunications, healthcare and others. The regional segment is sub-segmented into North America, Europe, Asia-Pacific, Middle East & Africa and South America.

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Regional analysis
North America dominates the global market for secure access services at the periphery. The largest market share is attributed to the strong presence of major players, such as Cisco Systems, VMware and Zscaler, and the rapidly growing BFSI, retail and e-commerce sectors in the region. In addition, the development of cloud security measures and authentication frauds are driving the implementation of SASE solutions across the region. The United States, Canada and Mexico are the main peripheral markets for secure access services in the region.

Strategic investments, partnerships, R&D programs and geographic expansions contribute to market value. For example, on November 10, 2020, Cisco Systems Inc. (US) announced a partnership with AT&T to extend its Secure Access Service Edge (SASE) architectures. Cisco’s SASE platform is now available as a managed service by AT&T. Cisco’s broader SASE offering includes Umbrella’s cloud-based security and identity management services through Duo.

Impact of COVID-19 on the Global Secure Access Services Edge Market
The outbreak of COVID-19 has significantly influenced the peripheral market for secure access services. Growing need for efficient networks and solutions due to remote working, the market has continued to advance throughout 2020 and 2021. With many people working from home, device, personal and emitted use cases. business, and cloud applications are expected to grow further.

The hybrid working environment is expected to last for some time yet, further increasing the complexity for IT, security and networking. As a result, the market is expected to experience an increase in demand and income in the coming years.

Competitive analysis
The advanced secure access services market is believed to experience several strategic partnerships, as well as other strategic initiatives such as expansion, collaboration, mergers and acquisitions, and product and technology launches. Mature market players are making significant investments to drive research and development activities and expansion plans.

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