SASE Market Size, Share, Analysis, Growth, Trends and Forecast – 2028

April 24 21:20 2023
SASE Market Size, Share, Analysis, Growth, Trends and Forecast - 2028
Cisco (US), VMware (US), Fortinet (US), Palo Alto Networks (US), Akamai (US), Zscaler (US), Cloudfare (US), Forcepoint (US), Check Point (US), Netskope (US), Mcafee (US), Citrix (US), Proofpoint (US), Aruba Networks (US), Juniper Networks (US), Verizon (US), SonicWall (US), Barracuda Networks, (US) Broadcom (US), Perimeter 81 (Israel), Open Systems (Switzerland).
SASE Market by Offering (Network as a Service, Security as a Service), Organization size (SMEs, Large Enterprises), Vertical (Government, BFSI, Retail and eCommerce, IT and ITeS), and Region (North America, Europe, APAC, RoW) – Global Forecast to 2028

The global SASE market size is projected to grow from USD 1.9 billion in 2023 to USD 5.9 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 25.0% during the forecast period. The growing preference for remote working practices, increase in traffic across public clouds, and the rising dependence on data centres are further adding to the data security risks. Also,finding  affordable replacements for expensive technologies like MPLS and IPsec will drive the market.

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Network as a Service segment to hold the  highest market share during the forecast period

NaaS (Network-as-a-Service) is a cloud-based network management and delivery model that allows organizations to provision, manage, and monitor their network services through a centralized web-based platform. The increasing adoption of cloud computing, SDN, and network visualization are responsible for the growth of Network as a Service segment.

Large Enterprises segment to hold the highest market share during the forecast period

Many large enterprises are adopting a cloud-first strategy by migrating their applications and data to the cloud. SASE enables secure access to cloud applications and data from anywhere without compromising security. Also, Large enterprises are increasingly investing in new and the latest technologies, such as AI, ML, analytics, edge computing, and hybrid and multi-cloud technologies, to support digital transformation.

Key and innovative vendors in the SASE market include Cisco (US), VMware (US), Fortinet (US), Palo Alto Networks (US), Akamai (US), Zscaler (US), Cloudfare (US), Forcepoint (US), Check Point (US), Netskope (US), Mcafee (US), Citrix (US), Proofpoint (US), Aruba Networks (US), Juniper Networks (US), Verizon (US), SonicWall (US), Barracuda Networks, (US) Broadcom (US),  Perimeter 81 (Israel), Open Systems (Switzerland), Aryaka (US), Twingate (US), Claro Enterprise Solutions (US), NordLayer, (US) Exium (US), Cato Networks (Israel), Versa Networks (US).

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CISCO is a global provider of networking equipment. The company has been designing, manufacturing, verifying, and selling integrated products and services since 1984. It also offers Internet Protocol (IP)-based networking, security, and cybersecurity products and services. Cisco’s zero-trust security ensures complete security across organizations’ networks, applications, and environments. This approach helps secure access from users, end-user devices, APIs, IoT, microservices, and containers. It protects the workforce, workloads, and workplaces.

The company’s customer base includes large enterprises and small and mid-sized businesses with security solutions, such as SASE, Software-Defined Wireless Area Network (SD-WAN) Security, Cisco Zero Trust, Cisco Secure Data Center, and Cisco Application-First Security. Cisco Security Technology Alliance enables open, multi-vendor product integrations with Cisco’s security products. The company offers services such as advisory, implementation, and managed services. It has strategic alliances with Apple, A10 Networks, Alien Vault, AWS, Centrify, Fortinet, Google, and IBM Security. It has a significant presence in the Middle East, North America, Latin America, APAC, and Europe

VMware, Inc. being pioneered the development and application of virtualization technologies, server-based computing, application software and the underlying hardware, VMware evolved to be the private cloud, mobility and management leader. Its corporate headquarters are located in Palo Alto, California, with 38,300 employees worldwide. Their services support and address customers’ key priorities, including Products and Technology Solutions, modernizing the applications, accelerating their cloud journey, managing multi-cloud environments, modernizing the network using commodity hardware, empowering anywhere workspaces and embracing zero-trust security. They enable digital transformation applications, infrastructure and operations for enterprises’ constantly evolving business and employee needs. The cloud-native advanced applications allow businesses to bring ideas to the market faster and respond sooner to customer’s demands.

They cater to a services of Layer 2-7 virtual networking and security solutions with innovative software-based capabilities for switching, firewalling, routing, intrusion detection and intrusion prevention systems, network detection and response, service mesh, load balancing, and SD-WAN for enterprise and Telecoms. These solutions enable networks to connect and protect workloads running on bare metal, virtual machines, and across data.

Fortinet was founded in 2000 and is headquartered in California, US. The company is a leading content and network security solutions and services provider. The company’s managed service portfolio includes firewalls, Advanced Persistent Threat (APT) detection, WLAN and switching, virtualized security, Identify and Access Management (IAM), and application security. Fortinet offers a comprehensive set of solutions for large enterprises and SMEs. Furthermore, the company offers solutions for carriers, cloud service providers, and Managed Service Security Providers (MSSPs). The company caters to various industry verticals, including government, education, financial services, retail, and healthcare. Retail Wi-Fi solutions enable retailers to transform the shopping experience and convert walk-bys into walk-ins, showrooms into loyal customers, and loyal customers into brand ambassadors. Its location-based marketing solution leverages big data and in-store consumer intelligence to detect what a showrooming shopper is browsing for and to counteract with instant deals to match competitive pricing in real-time to shoppers’ devices or nearby digital signage. It serves more than 10,000 customers in 180 countries present in the Americas, Europe, MEA, and APAC regions.

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