What’s the security service edge market worth? It’s a question that has been on many people’s minds lately, and for a good reason. The security service edge (SSE) market is growing rapidly and is expected to be worth 5.36 Billion by 2027.
So what makes this market so hot? And what can you do to get a piece of the action? Read on to find out!
What is Security Service Edge Market Worth?
“Secure Access Services Edge Market Information by Offering, by Organization Size, Vertical, and Region – forecast to 2027” market size expects to reach USD 5.36 billion by the end of 2027, growing at a compound annual growth rate of 28.3 percent over the next five years.
The SASE Market Scope:
A lot of people are buying secure access services all over the world. The market for secure access services edge (SASE) solutions is growing. It is because more people need them to protect their data and connect to the internet.
With more money and support from public and private organizations and venture capitalists, the market expects to make big gains in the next few years.
In the market, there is only one USP:
There are a lot of things that SASE can do to help the market,
Increased Cybersecurity Awareness, which led to more high-profile breaches, caused the market to rise.
Cloud environments are becoming more popular with customers. It is because they want to make their businesses run more smoothly by making it easier to set up, manage, and enforce policies across all of their environments.
BFSI, retail & e-commerce, IT & telecommunications, healthcare & government, and other industries are becoming more digital and automated. It means that the need for network infrastructures grows a lot.
Cloud networks and security also help the market grow. SASE has a lot of attention in the market because of increased funding for cybersecurity and executive orders that require federal agencies to pay more attention to cybersecurity.
People are becoming more interested in buying software and getting help with it. During the fiscal years 2021 and 2022, sales of SASE would rise because of the growing use of cloud environments.
Secure access services would change networks, even though there are problems with the supply chain in the wider technology market. It’s becoming more and more common for people to use mobile and cloud computing more and more.
Now, SASE can deal with new problems with data security and networking. However, the adoption of cloud computing and high-performance computing technologies will help the market grow faster over the next few years.
On the other hand, things slowing down the secure access services edge market’s growth. It includes the high costs of getting started with SASE solutions and the lack of technical expertise needed to design the technology and work with new technologies.
SASE, which stands for speed and efficiency, has become more important because of many changes in remote work, digital transformation, and cloud use.
Segmentation of the Market
The market research did break down by offering, size of business, end-user, vertical, and region. Network as a service and security as a service are two different offerings. Small and medium-sized businesses (SMEs) and big businesses make up the organization size group.
The vertical segment did break down into government, BFSI, retail & e-commerce, IT & telecommunications, healthcare, etc. The region did break down into North America, Europe and Asia-Pacific, the Middle East and Africa, South America and Africa, and the Middle East and Africa.
Analysis of the region
North America is the world’s biggest market for secure access services edges. Many big companies, like Cisco, VMware, and Zscaler, are in the region, which means that they have a big share of the market. The BFSI, retail, and e-commerce industries are growing quickly in the region.
SASE solutions are also being used across the region because of the rise in cloud security measures and the number of authentication frauds. Many people live in the US, Canada, and Mexico, and they use secure access services a lot.