The Europe Security Service Edge Market would witness market growth of 23.7% CAGR during the forecast period (2023-2030).
The applications of SSE are diverse and cater to the intricate security needs of modern enterprises. One of the primary functions is to secure access to cloud applications and services, enabling organizations to embrace the benefits of the cloud while ensuring a robust security posture. SSE facilitates secure access for remote workers, branch offices, and mobile devices, mitigating the risks associated with a dispersed workforce.
Furthermore, SSE is crucial in securing IoT (Internet of Things) devices, which have become integral to business operations. As the number of connected devices continues to rise, the need for a security framework to protect the expanding attack surface becomes paramount. SSE addresses this challenge by extending its security services to cover IoT devices and applications. The adoption of SSE has experienced a remarkable surge in recent years, driven by integrating a cloud access security broker (CASB) into an organization's security framework. This integration is pivotal in addressing the challenges brought about by the widespread adoption of software as a service (SaaS) applications, often called the "SaaS explosion."
According to Destatis, in Germany, total manufacturing sales was 2,1 trillion euro in 2022. Germany is at the forefront of Industry 4.0, a paradigm that emphasizes the integration of digital technologies into manufacturing processes. As manufacturing becomes more connected and automated, the need for robust cybersecurity solutions like SSE increases to protect against cyber threats and assure the integrity of production systems. Manufacturing involves creating and protecting intellectual property, including proprietary designs, processes, and product formulations. SSE helps safeguard intellectual property by implementing secure access controls, encryption, and monitoring to prevent unauthorized access and data theft. The factors mentioned above will propel the market growth in this region.
The Germany market dominated the Europe Security Service Edge Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $260.8 million by 2030. The UK market is exhibiting a CAGR of 22.6% during (2023 - 2030). Additionally, The France market would experience a CAGR of 24.6% during (2023 - 2030).
Based on Component, the market is segmented into Solution (Zero Trust Network Access, Cloud Access Security Broker, Secure Web Gateways, Firewall-as-a-service and Others), and Services. Based on End-Use, the market is segmented into BFSI, Healthcare & Life Sciences, Education, IT & Telecommunications, Government, Retail & E-commerce, Manufacturing and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Security Service Edge Market will Hit $3.9 Billion by 2030, at a CAGR of 24.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cisco Systems Inc., Cloudflare, Inc., Citrix Systems, Inc. (Cloud Software Group, Inc.), Trend Micro Inc., Fortinet, Inc., Zscaler, Inc., Palo Alto Networks, Inc., Forcepoint LLC (Francisco Partners), Aruba Networks (Hewlett Packard Enterprise Company) and Broadcom, Inc.
By Component
By End-Use
By Country
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