Dublin, April 24, 2023 (GLOBE NEWSWIRE) -- The "Global 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) - Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.

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.

With the digital transformation of businesses, security is moving to the cloud. This is driving a need for converged services to reduce complexity, improve speed and agility, enable multi-cloud networking and secure SASE architecture.

Security as a service segment to grow at a higher CAGR during the forecast period

Security as a Service (SaaS) is a key component of Secure Access Service Edge (SASE) architecture. SaaS refers to a cloud-based security solution that is delivered as a service. With SaaS, users can access security services from anywhere over the internet, without investing in expensive hardware or software. The growing need to analyze regulatory requirements, policies, and obligations is expected to drive the growth of the segment.

SMEs segment to grow at the highest CAGR during the forecast period

Governments of various countries take initiatives to protect SMEs. For instance, the UK government has launched cybersecurity initiatives for SMEs to protect their businesses from cyberattacks. These initiatives for SMEs are projected to drive the growth of the SMEs segment.

North America region to record the highest market share in the SASE market in 2023

North America consists of developed countries that are technologically advanced with well-developed infrastructure. Being the strongest economies, the US and Canada are the top contributing countries in North America in SASE solutions. Technology is getting more advanced with each passing day, and the growing economies of the US and Canada enable them to invest in these new technologies in huge amounts.

Public and private organizations in the region are focused on cloud security solutions, such as SD-WAN, ZTNA, SWG, and CASB. The region has several large enterprises and rapidly growing SMEs where protecting the consumers' identities is the prime objective.

Enterprises in this area have started implementing various technologies, such as AI, ML, blockchain, big data, and cloud, for securing data. Service providers in this region consistently invest in expanding and upgrading their LTE and LTE-Advanced (LTE-A) networks, SD-WAN, network security, WLAN, and enterprise collaboration portfolios.

Key Attributes:

Report AttributeDetails
No. of Pages196
Forecast Period2023 - 2028
Estimated Market Value (USD) in 2023$1.9 Billion
Forecasted Market Value (USD) by 2028$5.9 Billion
Compound Annual Growth Rate25.0%
Regions CoveredGlobal

Premium Insights

Market Overview and Industry Trends

Market Dynamics

Drivers

Restraints

Opportunities

Challenges

Ecosystem Analysis

Case Study Analysis

Best Practices in Sase

Impact of SASE on Adjacent Technologies

Adoption of Sase

Company Profiles

Major Players (Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View)

Starups/Smes

For more information about this report visit https://www.researchandmarkets.com/r/jvq75v

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