Global Secure Success Service Market size, Trends and Growth opportunity, By Offerings (network as a service, security as a service), By Organization size (SMEs and Large Enterprise), By Verticals (government, BFSI, retail and commerce, IT and ITeS and ot

Global secure success service market size, Trends and Growth opportunity, By offerings (network as a service, security as a service), By organization size (SMEs and Large Enterprise), By verticals (government, BFSI, retail and commerce, IT and ITeS and others), By region and forecast till 2027.

Global SASE Market

The global secure success service market was valued at US$3889.10 million in 2021 and it is expected to reach at US$5182.06 million in 2027 at a CAGR of 7.6% during forecast period 2022-2027.

The security industry's relatively new Secure Access Service Edge (SASE) idea has gained enormous traction. Data stored across numerous apps, servers, and cloud platforms can be accessed through a number of points on existing enterprise network topologies. It can be challenging and time-consuming to manage and secure these networks as well as access to such a diverse range of data. Due to the continued use of new technologies and the BYOD trend by more businesses, the task is becoming more challenging. Currently, SASE offers the capability to integrate networking and security capabilities into a single platform or framework.

Market Drivers

Organizations are adopting a variety of security measures as a result of the ongoing transition away from data centres toward cloud services and the burden this has placed on cloud services. Even more so when it comes to ensuring secure access to cloud services, monitoring all these security solutions is proving to be a challenging undertaking. Additionally, the network security architecture is still weak and open to cyber threats despite the inclusion of more protection measures. As a result, it is anticipated that SASE framework use would increase over the forecast period.

Market Restraints

Many businesses are ignorant of how many cloud resources are active and how they are configured, which is consistent with the trend of migration to the cloud. Important identity-related security procedures continue to be lacking in many companies. It is tougher to secure cloud apps because of the long-lasting misconfigurations that result from this lack of visibility. The SASE market is constrained by the fact that many organisations are unaware of the advantages of posture management, cloud security architecture, and strategy.

COVID-19 Impact on SASE Market

Numerous governments and regulatory bodies have mandated that both public and commercial enterprises adopt new methods for working remotely and upholding social distance during the COVID-19 pandemic crisis. Since then, numerous firms' new Business Continuity Plans (BCPs) have been based on digital methods of conducting business. People are increasingly inclined to use digital technologies like cloud solutions as a result of the widespread use of BYOD devices, the WFH trend, and the penetration of the internet into every corner of the world, which is fueling the demand for cybersecurity measures to protect against cyberattacks.

Market Segmentation

The global secure success service segmented on the basis of offering, organization size and vertical. On the basis of offering it segmented into on the network as a service, security as a service. On the basis of organization size it segmented into SMEs and Large Enterprise. On the basis of verticals it segmented into government, BFSI, retail and commerce, IT and ITeS and others.

Regional Analysis

The global secure success service market segmented into five regions North America, Europe, Latin America, Asia Pacific, Middle East and Africa. The North American region is home to a number of well-known market companies who provide cutting-edge solutions to all of the region's industry verticals. The extensive deployments of SASE solutions are therefore a result of strategic investments, alliances, and R&D efforts that go beyond geographic presence. Because of things like the development in cloud security measures and authentication frauds, North America is thought to have the most developed market for SASE solutions.

Key Players

Various key players are listed in this report such as Hewlett Packard Enterprise Development LP, Barracuda Networks, Inc., Cato Networks, Check Point Software Technologies Ltd., Cisco, McAfee, LLC; Open Systems, Palo Alto Networks, Versa Networks, Inc., VMware, Inc.

Market Taxonomy

By Offering

Network as a Service

Security as a Service.

By Organization Size

SMEs

Large Enterprise

By Verticals

Government

BFSI

Retail And Commerce

IT And ITeS

Others

By Region

North America

Latin America

Europe

Asia Pacific

Middle East