According to a new Dell’Oro Group report, the SASE (Secure Access Service Edge) market has boomed as more firms switch to online and remote work.
The report reveals that the SASE market smashed the $8 billion mark in 2023, growing by a whopping 31 per cent to $8.4 billion. For those not in the know, SASE is a cutting-edge technology that combines network and security services in the cloud, making it easier and safer for businesses to operate online.
Dell’Oro Group top expert Mauricio Sanchez said: “SASE is the future of cybersecurity, as it offers a complete and flexible solution for the digital age. The market growth shows that businesses trust SASE to protect them from hackers and cyber threats.”
The report said the SSE (Secure Service Edge) market segment, which provides cloud-based security services, soared to over $4 billion, growing by more than 30 per cent for the fourth year.
Meanwhile, the SD-WAN segment of the market, which provides cloud-based network services, reached over $3 billion but slowed down to 28 per cent growth as firms tightened their belts after the pandemic.
Single-vendor SASE solutions, which offer security and network services from one provider, beat multi-vendor solutions, as firms prefer to deal with one supplier rather than many.
The six big players in the SASE market – Zscaler, Cisco, Palo Alto Networks, Symantec/Broadcom, Fortinet, and Netskope – raked in 65 per cent of the market revenue, showing that the market is becoming more concentrated and mature.
The report confirms that SASE is the hottest trend in cybersecurity and that businesses need to adopt it or risk being left behind.
As Sanchez said, “SASE is not a nice-to-have, but a must-have for the modern enterprise.”
