Security Service Edge Market Growth : $23.01 Billion by 2030
The global Security Service Edge Market Growth will grow to USD 23.01 Billion by 2030 from USD 6.08 Billion in 2024, at a CAGR of 24.8% during 2024 - 2030.
The major drivers of the market growth of the SSE market are
the widespread adoption of remote work which has led organizations to provide
secure, flexible, and scalable network and security infrastructure to support
remote workforces effectively. SSE solutions have risen to this issue by
offering secure access to cloud-based applications and resources from any
location. As remote work continues to be a prominent fixture in the modern
workplace, organizations are increasingly investing in SSE solutions to ensure
their employees can work productively and securely, irrespective of their
physical location.
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In addition to this, the rising need for a unified network
security architecture is a key driver in the SSE market as organizations are
increasingly adopting hybrid work models and cloud-based services, making
traditional perimeter-based security approaches inadequate. Furthermore,
integrating a Cloud Access Security Broker (CASB) into an organization's
security framework significantly bolsters the adoption of an effective SSE
strategy. By integrating CASBs with SSE or SASE solutions, organizations create
a comprehensive security ecosystem. This approach extends uniform security
policies and controls across the entire network, including remote work
scenarios and cloud resources These factors are pushing organizations toward
adopting SSE to safeguard their digital assets effectively.
Based on the organization size, SMEs are expected to grow
at the highest CAGR during the forecast period
Small and Medium-sized Enterprises (SMEs) are likely to
register the highest CAGR during the forecast period because smaller
enterprises speed up their digital transformation and want cost-effective yet
powerful security solutions. Cloud-based SSE systems with flexible,
subscription-based pricing structures are particularly appealing to SMEs since
they address limited in-house security resources while offering complete
coverage. As a result, SMEs are adopting SSE solutions at a quicker rate,
fueling the segment's upward development trajectory.
By service, professional service will grow at
the highest market size during the forecast period.
The professional service segment is expected to have the
largest market share in the Security Service Edge (SSE) market because
organizations typically require specialized expertise throughout the project
lifecycle, including implementation and integration, consulting and advisory,
training and education, and support and maintenance. These specialized
engagements assist in solving complicated security needs, enabling flawless
implementation, and maintaining regulatory compliance, resulting in a larger overall
demand for professional services compared to managed SSE services in the SSE
market.
By region, North America will grow at the highest market
size during the forecast period.
North America is expected to grow at the highest market size
in the SSE market during the forecast period because of its advanced
technological infrastructure, stringent regulatory framework, and increasing
cybersecurity threats. The region houses major economies like the United States
and Canada, which are at the forefront of adopting cutting-edge technologies
such as IoT, blockchain, and AI & ML for security. This also includes North
America, whose strict compliance requirements, CISA regulations, and the NIST
Cybersecurity Framework propel organizations to invest heavily in SSE.
The increasing number of cyberattacks, especially
ransomware, phishing, and breaches, has led industries in healthcare, BFSI, and
government to enhance their defenses. Furthermore, government initiatives, such
as vigorous adoption of cloud-based solutions, increasing digitalization, and
vendor presence, are pushing North America to be a leader in this market.
The report profiles key players such as Zscaler (US), Cisco
(US), Broadcom (US), Palo Alto Networks (US), Netskope (US), Fortinet (US),
Skyhigh Security (US), HPE Aruba Networks (US), iBoss (US), Lookout (US)
Cloudflare (US), Check Point (Perimeter 81) (US and Israel), Open Systems
(Switzerland), Forcepoint (US).
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