secure access service edge market size

Facts Everyone Should Know About The Secure Access Service Edge Market Size

A single network security breach can cost a company millions of dollars. What is the Secure Access Service Edge Market Size for you to saturate?

Secure Access Service Edge Market Size

According to the network security report, the latest network security breach costs companies more than 4 million dollars annually. This is expected to rise for the next five years, reaching 9 million dollars by 2022. For example, in 2017, Uber had to pay hackers 100,000 dollars to keep up their silence regarding the 2016 cyberattack which affected 57 million users.

In 2018, cybercriminals stole nearly 600 million dollars from the Japanese crypto exchange Zaif. Also, an employee at UK telecom company TalkTalk was sentenced in 2016. That is with to a suspended sentence of 12 months in prison after stealing about 157,000 user account details.

The Secure Access Service Edge regularly exposed information about personal identity. Also, exposes personal data that can lead to identity fraud and financial loss.

SASE User Market Growth

The Secure Access Service Edge market size will continue to grow as more people connect and share personal information online. This growth is expected mostly in the Asia Pacific and Middle East & Africa regions with an above CAGR of 14% over the period 2018-2028. Another significant driver for growth will be due to massive data breaches and increasing cyber-attacks.

Since they are making organizations more aware of their vulnerability online. It includes more stringent policies around access control and loss prevention. Since it will drive demand for Secure Access Service Edge services during the forecast period.

So, the Secure Access Service Edge Market Size is expected to reach $1,465 million by 2028, at a CAGR of 14.2% during the forecast period of 2018-2028. The key players in the Secure Access Service Edge Market Size are Cisco Systems (US), Juniper Networks (US), Ericsson (Sweden), and Aruba, Inc. (the US).

This includes Hewlett Packard Enterprise (US), Fortinet (US), IBM (US), F5 Networks, Inc. (US), Juniper Networks (US), and Nokia (Finland). Some of these players have adopted new strategies such as product developments and acquisitions to increase their market shares. For instance, IBM acquired Fiberlink Communications in 2011, and then it acquired NetPro in 2011.

Furthermore, this helps IBM to enhance its business with telecom service providers in North America, Europe, and the Asia Pacific regions.

Global SASE Market Size Analysis by End User

SASE vendors are involved in providing Secure Access Service Edge to different end users. The end users are classified into small and medium businesses, large enterprises, service providers, and the government. So, the small and medium businesses include retail stores, restaurants, e-commerce companies, and healthcare organizations.

Large enterprises include manufacturing companies, financial institutions, and supply chain companies. North America is expected to lead the global Secure Access Service Edge market size during the forecast period on account of the increasing digital transformation in the region. This is along with the presence of major SASE vendors in this region such as Cisco Systems (US).

The Asia Pacific is expected to grow at a CAGR above 14%. This is due to the rapid adoption of cloud computing and mobility in the region. So, along with it is increasing investments by the government towards digitization of services across all sectors of the economy.

Click to rate this post!
[Total: 0 Average: 0]

Scroll to Top