The Secure Access Service Edge (SASE) Market was valued at 1.52 billion in 2022 and is expected to grow at a steady rate of around 25% in the forecasted period (2023-2030) due to its ability to provide comprehensive security features without sacrificing performance or usability. Secure Access Service Edge (SASE) is a relatively new technology that combines secure web gateway capabilities with enterprise network access.
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It provides secure access to cloud services and applications while also protecting against cyber threats. Moreover, factors like increasing adoption of cloud-based applications, growing awareness of security risks and advancements in technology artificial intelligence (AI), machine learning (ML), and automation are contributing to the growing adoption of SASE solutions, driving the market's projected growth.
Some of the recent developments are:
On December 21, 2023, Cisco announced its intent to acquire Isovalent, a leader in open-source cloud native networking and security, to bolster its secure networking capabilities across public clouds.
In September 2023, Cisco Systems Inc. announced its biggest acquisition to date, with the purchase of cybersecurity and data observation and analysis company Splunk Inc. for $28 billion in cash.
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Conclusion
The Secure Access Service Edge (SASE) market is poised for significant growth in the coming years, driven by the increasing demand for secure access to cloud applications and services. As more organizations adopt cloud-first strategies and move their critical workloads to the cloud, the need for robust security solutions that can protect against both internal and external threats will continue to grow. According to the UnivDatos Market Insights, “Secure Access Service Edge (SASE) Market” report, the global market was valued at USD 1.52 billion in 2022, growing at a CAGR of 25% during the forecast period from 2023 - 2030 to reach USD billion by 2030.
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