Asia Pacific Secure Access Service Edge Market By Component (Platform (Without Services) and Services), By End User (Telecom & IT, Government, BFSI, Retail & ecommerce, Healthcare, Manufacturing, Energy & Utilities and Others), By Country, Growth Potential, Industry Analysis Report and Forecast, 2021 - 2027
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Market Report Description
The Asia Pacific Secure Access Service Edge Market would witness market growth of 36.4% CAGR during the forecast period (2021-2027).
Currently, applications in an enterprise are scattered across various clouds, the legacy solutions or the traditional VPN model are not capable of offering sufficient security and rather increasing the possibilities of cyberattacks. It has further driven the requirement of a security framework, which can ensure secure data traffic across the whole communication cycle. In addition, the SASE framework would expand the competencies of perimeter security to edge security. This would expand the security access framework closer to the user rather than deploying security across the networks and thus, assisting companies to choose a more secure approach to stop unauthorized access. This approach could also be aligned easily with the business regulations of a company and eventually enabling IT professionals to deny or allow access to the users.
Large enterprises are redesigning their security policies and architecture to include SASE tools to safeguard their importance from cyber-attacks, the segment is witnessing massive growth. In addition, large enterprises are among the early adopters of SASE because of the cost-effectiveness, since they have a big workforce and related networking devices that are prone to identity-related risk. However, SMEs are focusing more on their budget constraints; thus, they usually incline towards the adoption of cloud-based solutions that are accessible in the market. The criteria of SMEs can also be is dependent on different metrics like the revenue acquired and ownership structure.
The growing number of cyber-attacks across various industrial verticals is supporting the growth of the secure access service edge market in this region. In addition, the increasing investment of the companies on building a strong security system is escalating the demand for SASE solutions across various emerging nations of this region. Further, the increasing awareness among the companies about the benefits of the SASE solutions is augmenting the growth of the regional market in the coming years.
Along with that, the high competition in the market is motivating enterprises to secure and well manage all the endpoints with strong security and networking policies, which would further accelerate the demand for SASE solutions in this region. Moreover, the cost saving factor of the SASE is attracting numerous SMEs to adopt these solutions for better security and access of the users. This would bolster the growth of the regional secure access service edge market.
The Platform (Without Services) market dominated the Malaysia Secure Access Service Edge Market by Component 2020, thereby, achieving a market value of $54.2 million by 2027, growing at a CAGR of 39.4 % during the forecast period. The Services market is expected to witness a CAGR of 44.9% during (2021 - 2027).
Based on Component, the market is segmented into Platform (Without Services) and Services. Based on End User, the market is segmented into Telecom & IT, Government, BFSI, Retail & ecommerce, Healthcare, Manufacturing, Energy & Utilities and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cisco Systems, Inc., Palo Alto Networks, Inc., Dell Technologies, Inc. (VMware, Inc.), Check Point Software Technologies Ltd., Akamai Technologies, Inc., Cloudflare, Inc., Zscaler, Inc., Versa Networks, Inc., Barracuda Networks, Inc. (Thoma Bravo), and Open Systems AG (EQT).
Scope of the Study
Market Segments Covered in the Report:
- Platform (Without Services)
By End User
- Telecom & IT
- Retail & ecommerce
- Energy & Utilities
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Cisco Systems, Inc.
- Palo Alto Networks, Inc.
- Dell Technologies, Inc. (VMware, Inc.)
- Check Point Software Technologies Ltd.
- Akamai Technologies, Inc.
- Cloudflare, Inc.
- Zscaler, Inc.
- Versa Networks, Inc.
- Barracuda Networks, Inc. (Thoma Bravo)
- Open Systems AG (EQT)
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