North America 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 North America Secure Access Service Edge Market would witness market growth of 35.2% CAGR during the forecast period (2021-2027).
Secure Access Service Edge is defined as a security framework that helps companies to strengthen their security and connectivity technologies into a unified cloud-delivered platform to allow better security and rapid cloud transformation. The convergence of networking and network security of SASE helps in tackling the limitations of digital business transformation, workforce mobility, and edge computing.
Furthermore, SASE integrates software-defined wide-area networking (SD-WAN) competencies along with various network security features that can be provided from an integrated cloud platform. SASE allows employees to validate and safely connect to internal resources from any location, and delivers companies with a better control over the traffic and data, which goes to & fro within their internal network.
Security as a service emerged as a crucial enabler of business across the globe as it offers secure access to applications & services, regardless of the location of their hosting or where users connect. The Network as a service can vary from network access and managed software-defined WAN (SD-WAN), which include unified communications services, wireless to security, and others, in a public cloud and on virtualized customer premise equipment (vCPE). Due to the continuing innovations, companies are looking to reduce the time to develop and maintain their network infrastructure.
The presence of various key SASE vendors in this region to deliver advanced solutions across different industrial verticals is one of the key aspects fueling the growth of the regional market. The increasing focus of the companies on strategic investments, partnerships, geographical presence, and more investment in R&D activities are supporting the deployments of SASE solutions across this region. Additionally, the increasing number of cyber-attacks in the region is propelling the demand for SASE solutions in this region.
Moreover, the rising awareness about the benefits of the secure access service edge solutions among the companies is estimated to open new growth avenues for the key market players in the coming years. The surging digital transformation of companies is motivating them to shift to cloud services for better efficiency and productivity. This would further surge the requirement for converged services to decrease the complications, allow multi-cloud networking, enhance speed & agility, and safeguard the latest SD-WAN-enabled architecture.
The US market dominated the North America Secure Access Service Edge Services Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $606.5 million by 2027. The Canada market is experiencing a CAGR of 41.8% during (2021 - 2027). Additionally, The Mexico market wouldwitness a CAGR of 40.6% 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 U.S., Mexico, Canada, and Rest of North America.
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 North America
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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