How Big is the Security Service Edge Market?

The Global Security Service Edge Market size is estimated to grow at a CAGR of around 27.4% during the forecast period, i.e., 2024-30. With the increasing threat related to the security breach of data, companies have been largely adopting services like Security Service Edge. By integrating security features right into the network edge, the Security Service Edge (SSE) ensures protection closer to the user or device. In recent years, as a large number of companies have adopted hybrid work modes, the need for edge protection for their devices has increased. As more employees prefer to do work from home and work from remote locations, the demand for Security Service Edge has increased to secure an organization’s data.

Market Statistics

• Market Growth Rate (CAGR): 27.4% from 2024-2030

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Security Service Edge Market Insight:

Driver-

The Rising Digital Transformation Initiatives Fueling the Demand for Security Service Edge – The big upward thrust in efforts for digital transformation has been improving the adoption of security software like SSE in recent years. Developing nations like India, Mexico, Brazil, Saudi Arabia, etc., have taken extensive measures for digital transformation in recent years. Digital transformation initiatives are intended to improve the client experience by providing seamless, customized interactions throughout more than one channel and touchpoint. In addition, the governments across these countries are also introducing numerous initiatives to enhance digital transformation across their nations. For instance,

• In 2024, the Saudi Arabian government launched the Digital Transformation Index for 2024, aimed at boosting e-government services and fostering digital innovation. This framework aims to heighten the public sector's dedication to technological advancement and enhance the quality of e-government services.

Hence, with the escalating adoption of digital technologies in workflows, these organizations and their devices become more prone to cyberattacks. Hence, to provide high-level security to individual devices at the edge, several organizations have ramped up the adoption of security service edge solutions in recent years.

Furthermore, apart from government organizations, private companies across the globe are also contributing to the growth of digital transformation in their countries. Several small and medium enterprises, specifically across countries like the UAE, Saudi Arabia, India, etc., have been planning to adopt complete digital solutions in their workflows. Hence, as more companies adopt digital workflows, the demand for security solutions would also escalate to prevent cyberattacks. Hence, these efforts would augment the size & volume of the Global Security Service Edge (SSE) Industry in the coming years.

 Security Service Edge Market Segmentation:

The report has segmented the market into the following categories:

By Offerings

• Solution- Market Size & Forecast 2019-2030, USD Million
  • Secure Web Gateways (SWG)- Market Size & Forecast 2019-2030, USD Million
  • Firewall-as-a-Service (FWaaS)- Market Size & Forecast 2019-2030, USD Million
  • Zero Trust Network Access (ZTNA) - Market Size & Forecast 2019-2030, USD Million
  • Cloud Access Security Broker (CASB) - Market Size & Forecast 2019-2030, USD Million
  • Others- Market Size & Forecast 2019-2030, USD Million
• Service- Market Size & Forecast 2019-2030, USD Million
  • Professional Services- Market Size & Forecast 2019-2030, USD Million
  • Managed Services- Market Size & Forecast 2019-2030, USD Million

By Enterprise Size

• Small & Medium Enterprises- Market Size & Forecast 2019-2030, USD Million
• Large Enterprises- Market Size & Forecast 2019-2030, USD Million

By End User

• BFSI- Market Size & Forecast 2019-2030, USD Million
• Healthcare- Market Size & Forecast 2019-2030, USD Million
• IT and Telecom- Market Size & Forecast 2019-2030, USD Million
• Retail & E-Commerce- Market Size & Forecast 2019-2030, USD Million
• Government- Market Size & Forecast 2019-2030, USD Million
• Manufacturing- Market Size & Forecast 2019-2030, USD Million
• Others- Market Size & Forecast 2019-2030, USD Million

By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

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Competitive Landscape:

• Cisco Systems Inc.
• VMWare Inc.
• Netskope
• Palo Alto Networks
• Versa Networks, Inc.
• Akamai Technologies Inc.
• Zscaler
• Cato Networks
• Broadcom
• Fortinet Inc.
• Check Point Software Technologies Ltd.
• Cloudflare Inc.
• Lookout
• Forcepoint
•  

The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.

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Key Highlights of the Report:

• Market Performance (2024-2030)
• Strategic Recommendations
• Current, Historical and Future Market Trends
• Market Drivers and Leading Competitor
• SWOT Analysis
• Structure of the Market
• Comprehensive Mapping and Recent Advancement

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