Security Service Edge Market 2024 - Market Size, Trend Analysis, Key Drivers And Forecast To 2033

Overview and Scope

Security Service Edge (SSE) is a cloud-based delivery model for network security services designed to bolster protection, enhance performance, and enable secure access to the web, cloud services, and private applications. SSE integrates multiple essential security features, including secure web gateways (SWG), zero-trust network access (ZTNA), cloud access security brokers (CASB), and firewall-as-a-service (FWaaS), aiming to provide comprehensive security solutions in the cloud.

Sizing and Forecast
The security service edge market size has grown exponentially in recent years. It will grow from $0.77 billion in 2023 to $0.98 billion in 2024 at a compound annual growth rate (CAGR) of 27.7%. The growth in the historic period can be attributed to digital transformation, remote work trends, regulatory compliance, increasing sophistication of cyber threats, bring your own device policies,

The security service edge market size is expected to see exponential growth in the next few years. It will grow to $2.38 billion in 2028 at a compound annual growth rate (CAGR) of 24.9%. The growth in the forecast period can be attributed to emergence of advanced threats, IoT proliferation, integration with devops practices, zero-trust security model adoption, shift towards secure access service edge, Major trends in the forecast period include convergence of network security and wide area networking (WAN), increased adoption of zero trust architectures, enhanced user and device visibility, integration of artificial intelligence (AI) and machine learning (ML), rise of cloud-native security services.

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Segmentation & Regional Insights
The security service edge market covered in this report is segmented –

1) By Type: Cloud-Based, Web-Based
2) By Component: Solution, Services
3) By End-Use: Banking, Financial Services, And Insurance, Healthcare And Life Sciences, Education, Information Technology And Telecommunications, Government, Retail And E-commerce, Manufacturing, Other End Users

North America was the largest region in the security service edge market in 2023. The regions covered in the security service edge market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
The rise in cyber threats is expected to propel the growth of the security service edge market going forward. Cyber threats refer to malicious activities or potential dangers that exploit computer systems, networks, and digital infrastructure vulnerabilities. It arises due to several factors, including the increasing frequency of high-profile data breaches and the growing sophistication of hackers. Security service edge addresses cyber threats by providing a comprehensive cybersecurity solution that includes securing network connections, enforcing access controls, protecting cloud resources, safeguarding endpoints, securing data, and improving threat detection and response capabilities. For instance, in February 2023, according to the Australian Cyber Security Centre, an Australia-based cyber security agency, in 2022, cybercrime reports received were 76,000, up from 13% from the previous year. Therefore, the rise in cyber threats is driving the growth of the security service edge market.

Key Industry Players
Major companies operating in the security service edge market are Microsoft Corporation, International Business Machines Corporation (IBM), Cisco Systems Inc., Broadcom Inc. , VMware Inc., Palo Alto Networks Inc., Juniper Networks Inc., Fortinet Inc., Akamai Technologies Inc., Citrix Systems Inc., Check Point Software Technologies Ltd., Proofpoint Inc., Zscaler Inc., Cloudflare Inc., Cyxtera Technologies Inc., Forcepoint LLC, SonicWall Inc., Barracuda Networks Inc., Open Systems AG, Cato Networks Inc., Appgate Inc., Versa Networks Inc., Netskope Inc., Wandera Limited, Menlo Security Inc.

The security service edge market report table of contents includes:

1. Executive Summary

2. Security Service Edge Market Characteristics

3. Security Service Edge Market Trends And Strategies

4. Security Service Edge Market - Macro Economic Scenario

5. Global Security Service Edge Market Size and Growth

.....

32. Global Security Service Edge Market Competitive Benchmarking

33. Global Security Service Edge Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Security Service Edge Market

35. Security Service Edge Market Future Outlook and Potential Analysis

36. Appendix

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