Security Service Edge Market by Offering, Enterprise Size, Vertical

List of Tables

[190 Pages Report] The Security Service Edge Market size was estimated at USD 2.23 billion in 2023 and expected to reach USD 2.67 billion in 2024, at a CAGR 20.59% to reach USD 8.27 billion by 2030.

The security service edge (SSE) combines wide area networking capabilities and network security services into a single, cloud-based service model. This convergence is the convergence of network security services delivered from a purpose-built cloud platform. Security service edge spans multiple sectors such as IT, telecom, BFSI, and healthcare, providing secure internet access, threat prevention, data loss prevention, and firewall provisions. The rise in digital processes, data security needs, and digital transformation strategies have fueled the security service edge market growth. Growing IT infrastructure and the presence of stringent global data privacy regulations have propelled the adoption of security service edge solutions. However, factors such as unstructured data security gaps, the high initial cost, and issues associated with security service edge deployment impair market growth. Besides these challenges, the security service edge market presents opportunities through innovation to enhance its offerings and overcome shortcomings. Additionally, robust R&D in cloud-native architectures, zero-trust frameworks, and AI-powered self-learning systems present promising development opportunities for the adoption of security service edge.

KEY MARKET STATISTICS
Base Year [2023]	USD 2.23 billion
Estimated Year [2024]	USD 2.67 billion
Forecast Year [2030]	USD 8.27 billion
CAGR (%)	20.59%

Regional Insights

The Americas region has been at the forefront of the security service edge market, showing a steady growth curve, largely attributed to the advanced technological infrastructure, widespread acceptance of BYOD (Bring Your Own Device) culture, and high cyber-security investment. Multinational companies in the region are increasingly focusing on state-of-the-art cyber security solutions, contributing significantly to the market's expansion. The EMEA region, with the EU's General Data Protection Regulation (GDPR) is driving the market demand for security service edge solutions. The Middle East and Africa, though developing at a slower pace, are showing promising potential with increasing awareness about data security, robust telecommunications growth, and a surge in digital transformation initiatives. The Asia-Pacific region is witnessing a substantial growth rate in the security service edge market owing to rapid urbanization and the swift expansion of IT sectors in countries including India, China, and South Korea are the primary driving factors. This growth is further fuelled by proactive government policies regarding cyber security, the adoption of cloud technologies, and the escalating penetration of internet services.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Security Service Edge Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers
- Increasing adoption of SSE solutions
- Growing IT infrastructure and associated complexity
- Enforcing corporate internet and access control policies for compliance

Market Restraints
- Complexity of traffic aggregation and management from multiple sources

Market Opportunities
- Continuous technological advancements in the network security field
- Increasing adoption of cloud-based services

Market Challenges
- Challenges associated with SSE deployments

Market Segmentation Analysis
- Offering: Growing adoption of zero trust network access (ZTNA) by remote workers
- Enterprise Size: SMEs prefer security service edge solutions that are easy to manage and implement
- Vertical: Significant demand for security service edge in BFSI arena to protect sensitive data and secure transactions

Market Disruption Analysis
Porter's Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Security Service Edge Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Security Service Edge Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Check Point to acquire Perimeter 81 - to deliver the fast and most secure SASE solution in the Industry

Check Point Software Technologies Ltd acquired Perimeter 81 for approximately USD 490 million. The combination of Perimeter 81 and Check Point Infinity is set to deliver the fastest and most secure SASE solution. [Published On: 2023-08-11]

Microsoft's Entra moves into Security Service Edge

Microsoft Corporation has expanded its Entra family to include two new products: Entra Internet Access and Entra Private Access, which are part of the security service edge (SSE) offering. The SSE solution comprises Entra Internet Access (EIA), Entra Private Access (EPA), and Microsoft Defender for Cloud Apps. [Published On: 2023-07-12]

Cisco releases new security offerings at Cisco Live 2023

Cisco Systems, Inc. has launched Cisco Secure Access for SSE at Cisco Live 2023, offering users a seamless and secure experience on iOS and macOS when accessing networks. Additionally, Cisco collaborated with Apple to provide native support for these platforms, further enhancing network security. [Published On: 2023-06-14]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Security Service Edge Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Security Service Edge Market, highlighting leading vendors and their innovative profiles. These include Barracuda Networks, Inc., Broadcom Inc., Cato Networks Ltd., Check Point Software Technologies Ltd., Cisco Systems, Inc., Citrix by Cloud Software Group, Inc., Cloudflare, Inc., Ericom Software Ltd., Fortinet, Inc., Hewlett Packard Enterprise Company, iboss, Inc., Infoblox Inc., InterVision Systems, LLC, Island Technology, Inc., Juniper Networks, Inc., Lookout, Inc., Microsoft Corporation, Netskope, Inc., Nord Security Inc., Open Systems, Palo Alto Networks, Inc., Skyhigh Security, LLC, Trellix, Versa Networks, Inc., and Zscaler, Inc..

Market Segmentation & Coverage

This research report categorizes the Security Service Edge Market to forecast the revenues and analyze trends in each of the following sub-markets:

Offering
- Cloud Access Security Broker (CASB)
- Cloud Secure Web Gateway (SWG)
- Firewall-as-a-service (FWaaS)
- Zero Trust Network Access (ZTNA)

Enterprise Size
- Large Enterprises
- Small & Medium Enterprises(SMEs)

Vertical
- Automotive
- BFSI
- Government
- Healthcare
- IT & Telecommunication
- Retail & eCommerce

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

Product Code: MRR-8265EDC497DB

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing adoption of SSE solutions
  - 5.1.1.2. Growing IT infrastructure and associated complexity
  - 5.1.1.3. Enforcing corporate internet and access control policies for compliance
- 5.1.2. Restraints
  - 5.1.2.1. Complexity of traffic aggregation and management from multiple sources
- 5.1.3. Opportunities
  - 5.1.3.1. Continuous technological advancements in the network security field
  - 5.1.3.2. Increasing adoption of cloud-based services
- 5.1.4. Challenges
  - 5.1.4.1. Challenges associated with SSE deployments
5.2. Market Segmentation Analysis
- 5.2.1. Offering: Growing adoption of zero trust network access (ZTNA) by remote workers
- 5.2.2. Enterprise Size: SMEs prefer security service edge solutions that are easy to manage and implement
- 5.2.3. Vertical: Significant demand for security service edge in BFSI arena to protect sensitive data and secure transactions
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Security Service Edge Market, by Offering

6.1. Introduction
6.2. Cloud Access Security Broker (CASB)
6.3. Cloud Secure Web Gateway (SWG)
6.4. Firewall-as-a-service (FWaaS)
6.5. Zero Trust Network Access (ZTNA)

7. Security Service Edge Market, by Enterprise Size

7.1. Introduction
7.2. Large Enterprises
7.3. Small & Medium Enterprises(SMEs)

8. Security Service Edge Market, by Vertical

8.1. Introduction
8.2. Automotive
8.3. BFSI
8.4. Government
8.5. Healthcare
8.6. IT & Telecommunication
8.7. Retail & eCommerce

9. Americas Security Service Edge Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Security Service Edge Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Security Service Edge Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. Check Point to acquire Perimeter 81 - to deliver the fast and most secure SASE solution in the Industry
- 12.3.2. Microsoft's Entra moves into Security Service Edge
- 12.3.3. Cisco releases new security offerings at Cisco Live 2023
12.4. Strategy Analysis & Recommendation

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio