The Worldwide Secure Access Service Edge Industry is Expected to Reach $4.1 Billion by 2026 – ResearchAndMarkets.com | Financial Buzz

The Worldwide Secure Access Service Edge Industry is Expected to Reach $4.1 Billion by 2026 – ResearchAndMarkets.com

The “Secure Access Service Edge (SASE) Market with COVID-19 Impact Analysis, by Offering (Network as a Service and Security as a Service), Organization Size (SMEs and Large Enterprises), Vertical, and Region – Global Forecast to 2026” report has been added to ResearchAndMarkets.com’s offering.

In the post-COVID-19 scenario, the global secure access service edge (SASE) market size is projected to grow from USD 1.2 Billion in 2021 to USD 4.1 Billion by 2026, recording a Compound Annual Growth Rate (CAGR) of 26.4% from 2021 to 2026.

By organization size, the large enterprises segment is expected to hold a larger market

Large enterprises account for a higher market share in terms of revenue in the global SASE market. Large enterprises are reshaping their security policies and architecture to incorporate SASE tools to protect critical assets from various cyber-attacks. Large enterprises were the early adopters of SASE due to the cost advantage, as they have a huge workforce and associated networking devices, which are susceptible to identity-related risk. SMEs have to focus on their budget constraints; hence, they prefer cloud-based solutions available in the market.

The Asia Pacific market is expected to register the highest growth rate during the forecast period.

Based on region, the SASE market in Asia Pacific is projected to grow at the highest CAGR during the forecast period. The SASE market in APAC is expected to gain traction during the forecast period due to the rise in the adoption of mobile, web, and BYOD applications, as well as government regulations to protect consumer data. Growth is due to the increase in demand for cloud-based applications and the rise in need for effective security solutions across verticals.

Market Dynamics

Drivers

  • Rising Need for a Unified Network Security Architecture with the Capabilities of Sd-Wan, Swg, Ztna, and Fwaas
  • Lack of Security Tools and Processes
  • Mandate to Follow Regulatory and Data Protection Laws

Restraints

  • Lack of Awareness About Cloud Resources, Cloud Security Architecture, and Sd-Wan Strategy

Opportunities

  • Increase in Adoption of Cloud-Based Services Among SMEs
  • Growing Mobile Workforce

Challenges

  • Lack of Awareness Among Enterprises About the Benefits of Sase Solutions

Companies Mentioned

  • Akamai
  • Aruba Networks
  • Aryaka
  • Barracuda Networks
  • Broadcom
  • Cato Networks
  • Check Point
  • Cisco
  • Citrix
  • Cloudflare
  • Forcepoint
  • Fortinet
  • Juniper Networks
  • Mcafee
  • Netskope
  • Open Systems
  • Palo Alto Networks
  • Perimeter 81
  • Proofpoint
  • Secucloud
  • Sonicwall
  • Twingate
  • Verizon
  • Versa Networks
  • Vmware
  • Zscaler

For more information about this report visit https://www.researchandmarkets.com/r/z5jvka

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