Europe 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 Europe Secure Access Service Edge Market would witness market growth of 35.4% CAGR during the forecast period (2021-2027).
Secure Access Service Edge (SASE) refers to a network framework, which integrates SD-WAN and VPN capabilities with cloud-native security capabilities like cloud access security brokers, firewalls, secure web gateways, and zero-trust network access. In addition, these capabilities are based on the cloud and provided as a service by the SASE companies or vendors.
Moreover, SASE architecture consists of numerous network security services including FWaaS, Zero Trust, and CASB, as well as software-defined WAN offerings, integrated into a single platform to assist companies in ensuring safe and easy access to data & networks. Through the SASE architecture, companies can streamline their IT infrastructure and they can get rid of the burden of managing and regularly upgrading various security systems. It also enables enterprises to control the costs attached to the procurement of numerous security solutions and this solution also assist them in the rapid deployment of data protection policies. Due to all these benefits, the popularity of SASE frameworks has increased among the companies.
The shifting preference for remote working model owing to the COVID-19 pandemic created more demand for a strong security framework to ensure improved secure access to data, which is further contributing to the growth of the SASE market. In addition, advancements in cloud computing technologies are aiding companies to boost their productivity and strengthen their security network management. There is an increasing adoption of a cloud-based IT infrastructure among the enterprises due to the growing awareness about the benefits of cloud computing, which is estimated to open new growth avenues for the SASE market.
The demand for SASE solutions is increasing among enterprises as the SASE model combines various networking and security functions, which were conventionally provided in a siloed point solution in a unified, integrated cloud service. The networks of the companies are majorly depending on cloud-based applications to operate their businesses and help in supporting their distributed workflows to assist remote and mobile users. Due to this dependency, the enterprises across different verticals of this region would expand the demand for SASE solutions.
The shifting preference of the companies towards the adoption of various cloud solutions and the increasing requirement for security solutions by the companies would accelerate the growth of the SASE market over the forecast period. The rapid growth in the advancement of the technologies is motivating companies to adopt the latest technologies including SASE solutions.
The Germany market dominated the Europe Healthcare Secure Access Service Edge Market by Country 2020, thereby, achieving a market value of $33.5 million by 2027. The UK market is exhibiting a CAGR of 35.5% during (2021 - 2027). Additionally, The France market is anticipated to witness a CAGR of 37.5% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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
- Rest of Europe
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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