LAMEA 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 Latin America, Middle East and Africa Secure Access Service Edge Market would witness market growth of 39.9% CAGR during the forecast period (2021-2027).
The ongoing shift of the organizations from data centers to cloud services and the consequent pressure on cloud services are motivating companies to adopt several security solutions. Although, the management of all such security solutions is becoming a more complicated task, particularly, in the case of delivering secure access to cloud services. Additionally, regardless of adding more security solutions, the network security architecture becomes more vulnerable and ineffective to cyber threats. SASE framework can integrate network security characteristics of SWG, FWaaS, and ZTNA coupled with the WAN capabilities into a single platform, which could potentially tackle all these limitations. Thus, SASE frameworks are witnessing high adoption rate in the global market, thereby boosting the growth of SASE solutions during the forecast period.
The increasing number of enterprises, high penetration of internet, shifting preference of the companies from traditional to advanced security systems are some of the major factors fueling the growth of the regional SASE market during the forecast period. Additionally, the growing awareness among the companies regarding the benefits of the SASE solutions would support the growth of the regional market.
Furthermore, to prevent various malicious activities, companies are increasingly investing in the adoption of various advanced security solutions like SASE. The streamlined deployment and proper management of the SASE solutions are attracting more companies to invest in these solutions, thereby creating bright growth prospects for regional secure access service edge market over the forecast period. Along with that, the simplify policy management helps companies to better manage their company’s workflow and thus, contributing to the growth & demand of these solutions in the regional market.
The Brazil market dominated the LAMEA Retail & ecommerce Secure Access Service Edge Market by Country 2020, thereby, achieving a market value of $7.5 million by 2027. The Argentina market would witness a CAGR of 40.8% during (2021 - 2027). Additionally, The UAE market is expected to witness a CAGR of 39.9% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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
- Saudi Arabia
- South Africa
- Rest of LAMEA
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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