PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1577000
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1577000
The Global Secure Access Service Edge (SASE) Market was valued at USD 1.8 billion in 2023 and is anticipated to expand at over 25% CAGR from 2024 to 2032. By integrating AI and ML, SASE solutions bolster security, creating a dynamic defense against evolving cyber threats. For example, in July 2024, Forcepoint, a leader in data-centric cybersecurity, launched its GenAI Security solution. This offers enhanced visibility and risk-based protection across generative AI platforms, notably integrating with OpenAI's ChatGPT Enterprise Compliance API.
The SASE market is segmented into offering, organization size, services standards, end use r, and region.
With respect to offering, the market is divided into Network as a Service and Security as a Service. In 2023, the Security as a Service segment captured over 50% of the share. These platforms adapt seamlessly to an organization's needs, whether scaling for more users, expanding locations, or addressing new security threats. This adaptability is vital in the ever-evolving landscape of network security. SaaS solutions also allow enterprises to swiftly deploy new features and tackle challenges without major reconfigurations or extra hardware costs.
end use rs of the secure access service edge market include BFSI, IT & telecom, retail, healthcare, government, manufacturing, and more. In 2023, the government segment generated USD 188.5 million in revenue. The government is increasingly turning to cloud computing for its scalability, cost-effectiveness, and flexibility. Such solutions are modernizing IT infrastructures, enhancing service delivery, and improving data management.
North America led the global SASE market with over 35% share in 2023. The region's 5G rollout and Edge AI technology promise swift communication and real-time decision-making. Yet, these advancements introduce security challenges that traditional methods struggle to address. SASE solutions, offering a cloud-based security framework, safeguard data from cyber threats, ensure secure remote access, and manage compliance. Given the region's evolving security needs, North American businesses are likely to adopt SASE solutions more widely, enhancing digital capabilities, cutting costs, and bolstering security.