Global Secure Access Service Edge market expected to reach $19.1 billion by 2031

From GlobeNewswire: 2024-11-28 05:45:00

The global Secure Access Service Edge Market size was valued at USD 2.3 billion in 2024 and is expected to reach USD 19.1 billion by 2031, with a CAGR of 18.1%. The market growth is driven by cloud technology adoption and increased demand for secure cloud access solutions due to remote work trends during the pandemic.

The market trends show a shift towards zero-trust security frameworks and cloud-agnostic solutions for unified security across multiple cloud environments. The Secure Access Service Edge Market report covers revenue forecasts, competitive landscape, growth factors, and trends, highlighting the need for secure cloud-based solutions.

Cloud-enabled SASE platforms are gaining popularity among enterprises seeking to simplify network security and reduce costs. By integrating various security functionalities into a single cloud-delivered platform, SASE offers advantages over traditional on-premise solutions, leading to increased adoption by organizations.

The global SASE market is expected to grow at a CAGR of 18.1% from 2024-2031, driven by the need for simplified network security architectures. The platform segment is anticipated to dominate the market, accounting for over 60% market share by 2031, with IT & telecom being the leading application segment.

North America is projected to lead the SASE market through 2031, with key players like Cisco, Palo Alto Networks, and VMware offering advanced cloud-delivered SASE solutions. Consolidation among vendors is expected to enhance capabilities and drive market growth in the coming years.



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