Global Secure Access Service Edge Market Growth Analysis - Market Size, Share, Forecast Trends and Outlook Report (2024-2032)

Global Secure Access Service Edge Market Growth

The demand for remote workplace services is expected to record double-digit growth up till 2027. Since 2021, the number of working professionals opting for fully remote/hybrid work has increased by 24% and 16%, respectively. Globally, 16% of all companies provide fully remote work options to their employees, which results in 54 million tons of carbon emissions savings. This has led to growing organisational awareness regarding the need to secure corporate resources from unauthorised access from anywhere, resulting in the secure access service edge market expansion.

As per industry analysis, the number of data breaches in 2022 recorded a 70% increase on a quarterly (Q3) basis. Moreover, the average cost of repairing the damage caused by data breaches increased by 2.6% year-on-year to 4.35 million in 2022. Over time, the gap in the frequency of cyberattacks against large and small enterprises has reduced to 15% from 50%, indicating an alarming situation. This is prompting the shift towards zero-trust security models, which is leading to the secure access service edge market development. SASE focuses on integrating multiple security functions (including zero trust network access, secure web gateways, and firewalls) into a single cloud-based platform, which aligns with the principle of Zero Trust, "never trust, always verify."

Key Trends and Developments

Global Secure Access Service Edge Market Trends

Around 94% of all companies worldwide are using cloud computing for data storage purposes. By 2025, around 85% of all organisations are expected to adopt a cloud-first approach in their business operation, leading to a double-digit growth in cloud computing adoption. As per market analysis, 97% of all IT leaders are expected to expand their cloud computing systems, and end-user spending on public cloud is expected to rise by 20.7% worldwide. This is favourably impacting the secure access service edge market dynamics in the upcoming years.

Global Secure Access Service Edge Industry Segmentation

Global Secure Access Service Edge Market Share

Based on region, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. Over the forecast period of 2024-32, the Asia Pacific is estimated to grow at a CAGR of 28.3%, thereby favourably shaping the secure access service edge market outlook. This can be attributed to the increasing demand for cloud-based data storage solutions and the need to reduce business complexity in a digital environment.

Leading Companies in the Global Secure Access Service Edge Market

Major players are capitalising on the growing opportunities presented by the shift towards cloud-based services. This is anticipated to increase the secure access service edge market revenue.

Forcepoint LLC

Forcepoint LLC was founded in 1994 and is headquartered in Texas, United States. It focuses on developing intelligent software solutions which can protect essential networks and sensitive organisational data.

Check Point Software Technologies Ltd.

Check Point Software Technologies Ltd. was founded in 1993 and is headquartered in California, United States. ...

Versa Networks, Inc.

Versa Networks, Inc. was founded in 2012 and is headquartered in California, United States. It offers cloud se...

Cato Networks Ltd.

Cato Networks Ltd. was founded in 2015 and is headquartered in Tel Aviv, Israel. It offers a cloud-based platf...

*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*

Other players included in the secure access service edge market report are VMware, Inc., Cisco Systems, Inc., Netskope, Inc., Zscaler, Inc., Fortinet, Inc., and Barracuda Networks, Inc., among others.