The global secure access service edge (SASE) market is anticipated to grow at a CAGR of 23.2% during the forecast period (2023-2030). With growing demand, companies are focusing on portfolio expansion and partnerships. For instance, In November 2023, Fortinet announced the expansion of its SASE Points-of-Presence (POPs) to new locations by partnering with Google Cloud. This partnership will allow Fortinet to leverage Google Cloud’s global network edge locations, which provide dedicated interconnect and 99.99% service availability, to accelerate the expansion of Fortinet’s universal SASE solution.
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In September 2023, T-Mobile US launched multiple enterprise security options for its 5G-based network, including a SIM card-based secure access service edge (SASE) system powered by Versa Networks and a network-slice security platform designed to defend network slicing-based services from cyberattacks. The SIM card-based service, called T-Mobile Secure Access Service Edge, is being positioned as a network management and zero-trust network access (ZTNA) platform. According to the company, the product is designed to support enterprise customers in securely connecting employees, systems, and endpoints to remote networks, corporate applications, and company resources.
Additionally growing investments in the SASE sector is also one of the key factors in the growth of the global SASE market. With growing funding, companies are mainly focusing on new product developments and customer acquisition. For instance, In September 2023, Secure Access Service Edge (SASE) provider Cato Networks secured $238 million in equity investment, reaching the company’s valuation of $3 billion. According to the company, Cato plans to use the latest investment to accelerate its growth in three main areas: bringing Cato’s vision and customer success to a broader audience, expanding its partner ecosystem to offer managed Cato SASE services, and growing the engineering and product team for innovation.
In January 2023, Netskope announced an investment round targeted at expanding its reach into the secure access service edge (SASE) market. The $401 million investment round was led by Morgan Stanley Tactical Value. According to the company, with this funding round, Netskope is planning to focus on research and development and market expansion.
Market Coverage
- The market number available for – 2022-2030
- Base year- 2022
- Forecast period- 2023-2030
- Segment Covered-
o By Type
o By end-user
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- The major companies in the global SASE market include Cisco Systems Inc., VMWare Inc. (a subsidiary of Broadcom), Palo Alto Networks., Akamai Technologies Inc., and Juniper Networks, Inc.
Key questions addressed by the report.
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Secure Access Service Edge (SASE) Market Report Segment
By Type
- Network as a Service
- Security as a Service
By end-user
- Banking, Financial Services and Insurance (BFSI)
- IT and Telecommunication
- Retail
- Healthcare
- Other (Government, Manufacturing)
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Secure Access Service Edge (SASE) Market Report Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- Aryaka Networks, Inc.
- Barracuda Networks, Inc. (a subsidiary of KKR & Co Inc)
- Broadcom Inc. (a subsidiary of Avago Technologies Limited)
- Cato Networks Ltd.
- Check Point Software Technologies Ltd
- Citrix (a subsidiary of Cloud Software Group, Inc.)
- Claro Enterprise Solutions LLC (subsidiary of América Móvil)
- Cloudflare Inc.
- Exium
- Forcepoint LLC
- Fortinet Inc
- Hewlett Packard Enterprise Development LLP (Aruba Networks)
- McAfee, LLC
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- We cover more than 15 major industries, further segmented into more than 90 sectors.
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