Security Service Edge Market size is expected to reach USD 15 Billion by the end of 2036, growing at a CAGR of 26% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of the security service edge was USD 2 Billion. The market growth is driven by the increasing remote working culture. After the pandemic hit, remote culture has compelled the development of meticulous security architecture that can offer secure data access. Moreover, the advancements in cloud computing are helping to improve security network administration and increase a company’s productivity. For instance, Flexer’s State of the Cloud 20222 report states that 80% of enterprise respondents reported adopting Microsoft Azure for public cloud deployments which has resulted in security service edge market growth.
In addition to these, a factor that is believed to fuel the market growth is the adoption of zero-trust network access. It provides controls, adaptive access, and improved data protection, all of which are the dynamic requirements of remote work. To lower the risk of data breaches, this framework makes sure that access is determined by a real-time risk assessment.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
~26% |
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Base Year Market Size (2023) |
~ USD 2 Billion |
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Forecast Year Market Size (2036) |
~ USD 15 Billion |
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Regional Scope |
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By Offering (Network as Service, Security as Service)
The security as a service segment is predicted to account for 53% share of the global security service edge market by 2036. The segment growth can be attributed to the cloud-based delivery of security solutions that are usually discovered in business intelligence and data centers. Security as a service has become an obligatory element of the market everywhere as it allows secure access to apps and service edges without location being a barrier. Moreover, security service combines with enterprise infrastructure for securing access from internal & external threats. For instance, Allot Ltd. announced a strategic partnership deal with Amazon Web Services (AWS) in February 2022. Allot Ltd. provides cutting-edge network intelligence and security-as-a-service solutions for communication service providers and companies.
By Organization Size (Large Enterprise, Small Enterprise)
The large enterprise segment is predicted to account for 34% share of the global security service edge market by 2036. The reorganization of security policies and architecture by large enterprise to include security service edge technology, in order to protect critical assets from a diverse cyber-attack. Large enterprise widely adopting the security services as they access to large IT budgets. Additionally, large businesses are prone to identification problems due to their large workforces and associated networking infrastructure using these services to access data securely.
Our in-depth analysis of the global market includes the following segments:
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Offering |
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Organization Size |
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End User Vertical |
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North American Market Forecast
The security service edge market in the North America region is anticipated to hold the largest with a share of about 34% by the end of 2036. To protect against cyber-attacks, the regional government is making strict policies to strengthen security. For instance, the article published by Duo Security announced after analyzing the data that authorization at the moderate impact level under the Federal Risk and Authorization Management Program ensures cloud services like Duo meet strict data security needs and capabilities by federal agencies. Furthermore, the adoption of linked devices and growing automation in the region are predicted to cause a major increase in the market that is helping to secure data and avoid attacks.
APAC Market Analysis
The Asia Pacific region encounters a significant surge during the forecast period and grabs the position of second largest with an estimated share of 25% by the end of 2036. Businesses in China, Japan, and India are spending a lot of money to protect the security of their IT infrastructure as a result of threats and security concerns. Moreover, the security framework regulations are being adopted, especially in South Asia which is expected to boost the regional market. For instance, in September 2021- Cato networks which is the provider of the world’s first SASE platform- Cato Networks declared that SecureCraft Pte. Ltd. has become a member of the channel partner program for Cato in Malaysia & Singapore.
Author Credits: Abhishek Verma, Hetal Singh
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