Secure Access Service Edge Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)

Secure Access Service Edge Market is segmented By Component (Platform, Services), By Application (IT & Telecom, BFSI, Manufacturing, Retail & E-commer....

Secure Access Service Edge Market Size

Market Size in USD

CAGR18.1%

Study Period2024 - 2031
Base Year of Estimation2023
CAGR18.1%
Market ConcentrationHigh
Major PlayersCisco, Palo Alto Networks, VMware, Inc., Versa Networks, Inc., Cato Networks
*Disclaimer: Major players are listed in no particular order.
*Source: Coherent Market Insights
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Secure Access Service Edge Market Analysis

The Global Secure Access Service Edge Market is estimated to be valued at USD 2.3 Bn in 2024 and is expected to reach USD 19.1 Bn by 2031, growing at a compound annual growth rate (CAGR) of 18.1% from 2024 to 2031. Secure Access Service Edge or SASE is an emerging cloud-delivered security framework that convergences network and security functions. With SASE, access controls, cloud security tools, WAN optimization capabilities are delivered as-a-service through cloud. This helps organizations to secure all users, devices and applications irrespective of location. SASE also provides advanced threat protection, zero trust network access and enables policy-based security posture for compliance. The increasing need for digital transformation across various industries and the rising focus on zero trust architecture is driving more organizations to adopt SASE solutions to secure their network and ensure access. The market is expected to witness significant growth over the forecast period. With growing security concerns and the rise in remote and hybrid work trends, the demand for SASE is increasing as it provides a comprehensive secure access solution through a cloud-delivered platform. Key capabilities of SASE such as SD-WAN, FWaaS, and ZTNA are seeing more traction from enterprises looking to enhance productivity and security.