Market Size of North America Secure Access Service Edge Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 9.68 Billion |
Market Size (2029) | USD 24.21 Billion |
CAGR (2024 - 2029) | 20.12 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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North America Secure Access Service Edge Market Analysis
The North America Secure Access Service Edge Market size is estimated at USD 9.68 billion in 2024, and is expected to reach USD 24.21 billion by 2029, growing at a CAGR of 20.12% during the forecast period (2024-2029).
Demand for qualified individuals to implement, manage, and support SASE solutions increases as SASE adoption spreads. As a result, the number of training and certification programs provided by vendors and independent groups has increased. To enable the efficient deployment and use of these technologies, IT teams are concentrating on gaining competence in SASE.
- SASE helps enterprises achieve strict compliance requirements by enforcing uniform security standards and encryption across the network. It minimizes the chances of regulatory infractions and related fines by safeguarding data during transmission and when kept in cloud applications. For instance, a healthcare institution is expected to abide by stringent regulatory standards for protecting patient data, including safeguarding data during information and idle state.
- The use of SASE is strongly encouraged by the shortage of sufficient security protocols and technologies. An all-encompassing and adaptable security solution like SASE is becoming increasingly necessary for organizations dealing with an expanding threat landscape, remote work issues, cloud migrations, and compliance obligations. In addition to addressing these urgent security issues, it closes the cybersecurity talent gap and guarantees scalability, business continuity, and resilience in the face of contemporary threats and difficulties.
- The mandatory observance of data privacy and regulatory legislation is a strong force behind expanding the SASE business. Businesses are realizing the necessity of a complete security solution like SASE to assist them in complying with strict data protection rules, avoiding penalties, and safeguarding their brand. The demand for SASE as a tool for assuring compliance is anticipated to grow as privacy legislation continues to change and spread internationally, making it an essential part of contemporary cybersecurity and data protection initiatives.
- The demand for cloud-based solutions surges due to the growing technological advances and consumer propensity toward the cloud. Technology allows the user to access data from remote locations. The increasing realization among companies about the cost and resource efficiency of shifting data to the cloud rather than maintaining on-premise infrastructure is driving the demand for cloud-based solutions among enterprises.
- The COVID-19 pandemic accelerated the enterprise's SASE adoption as digital transformation initiatives advanced rapidly. As cloud adoption continues to accelerate through the convergence of networking, security is critical to better support an increasingly remote and mobile workforce.
- In March 2023, Fortinet, the global cybersecurity firm driving the convergence of networking and security, announced several enhancements to FortiSASE, Fortinet's single-vendor SASE solution, enabling additional deployment flexibility and new secure access capabilities for digital resources across SaaS, private applications, and the internet.
North America Secure Access Service Edge Industry Segmentation
For security and connectivity, the secure access service edge architecture is recommended. SASE combines wide area network (WAN) technology for robust onramp to cloud and network security services into one cloud-delivered connectivity and security software stack. This enables enterprises to connect geographically diverse workforces securely while reducing network latency and performance issues.
The North American secure access service edge market is segmented into offering type (network-as-a-service and security-as-a-service), organization size (large enterprises and small and medium enterprises), end-user vertical (BFSI, IT and telecom, retail, healthcare, government, manufacturing, and other end-user verticals), and country (United States and Canda). The report offers market forecasts and size in value (USD) for all the above segments.
By Offering Type | |
Network-as-a-Service | |
Security-as-a-Service |
By Organization Size | |
Large Enterprises | |
Small and Medium Enterprises |
By EndUser Vertical | |
BFSI | |
IT and Telecom | |
Retail | |
Healthcare | |
Government | |
Manufacturing | |
Other End-user Industries |
By Country | |
United States | |
Canada |
North America Secure Access Service Edge Market Size Summary
The North American Secure Access Service Edge (SASE) market is poised for significant growth, driven by the increasing demand for comprehensive security solutions that address the evolving cybersecurity landscape. As organizations face challenges such as remote work, cloud migrations, and stringent compliance requirements, SASE emerges as a critical solution to ensure data protection and regulatory adherence. The market is characterized by the presence of major players like Cisco Systems Inc., VMware Inc., and Fortinet Inc., who are actively enhancing their offerings through strategic partnerships and innovative solutions. The integration of SASE capabilities with zero trust security models is transforming network and security architectures, reducing cyber risks, and improving operational efficiency.
The market's expansion is further fueled by the growing adoption of cloud-based solutions and the rise of technologies like 5G, which necessitate robust and scalable networking infrastructures. The IT and telecom sectors, in particular, are witnessing substantial growth in SASE adoption due to their specific cybersecurity needs and the imperative for secure remote access. The COVID-19 pandemic has accelerated digital transformation initiatives, prompting enterprises to adopt SASE solutions to support an increasingly mobile workforce. As privacy legislation evolves, the demand for SASE as a compliance tool is expected to rise, making it an integral part of modern cybersecurity strategies. The market's trajectory is supported by ongoing technological advancements and the increasing realization of the cost and resource efficiencies offered by cloud solutions.
North America Secure Access Service Edge Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Attractiveness - Porter's Five Forces Analysis
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1.2.1 Bargaining Power of Suppliers
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1.2.2 Bargaining Power of Buyers/Consumers
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1.2.3 Threat of New Entrants
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1.2.4 Threat of Substitute Products
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1.2.5 Intensity of Competitive Rivalry
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1.3 Assessment of Impact of Macroeconomic Factors on the Market
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2. MARKET SEGMENTATION
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2.1 By Offering Type
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2.1.1 Network-as-a-Service
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2.1.2 Security-as-a-Service
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2.2 By Organization Size
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2.2.1 Large Enterprises
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2.2.2 Small and Medium Enterprises
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2.3 By EndUser Vertical
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2.3.1 BFSI
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2.3.2 IT and Telecom
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2.3.3 Retail
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2.3.4 Healthcare
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2.3.5 Government
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2.3.6 Manufacturing
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2.3.7 Other End-user Industries
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2.4 By Country
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2.4.1 United States
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2.4.2 Canada
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North America Secure Access Service Edge Market Size FAQs
How big is the North America Secure Access Service Edge Market?
The North America Secure Access Service Edge Market size is expected to reach USD 9.68 billion in 2024 and grow at a CAGR of 20.12% to reach USD 24.21 billion by 2029.
What is the current North America Secure Access Service Edge Market size?
In 2024, the North America Secure Access Service Edge Market size is expected to reach USD 9.68 billion.