Software-Defined Wide Area Network (SD-WAN) and Security as a Service Will Drive SASE Market Growth Through 2027
INCLINE VILLAGE, Nev., July 20, 2023 – According to a new report published by 650 Group, titled Secure Access Service Edge (SASE) Quarterly and Forecast Report, the market size for Deployed SASE grew over 20% Y/Y in 1Q23. Additionally, the report indicates that the top four vendors in Deployed SASE in 2022 were Cisco, Versa, Fortinet, and Palo Alto Networks.
As the IT industry embraces cloud-based computing, connecting remote workers, and the Internet of Things (IoT) at the network edge, both networking and security infrastructures have evolved. For example, perimeter-based security systems are insufficient to reduce security exposure as computing moves to support Software as a Service (SaaS), cloud computing, and colocation-based computing. In addition, new technology must identify and lock down access to corporate resources as workers become increasingly mobile and data becomes increasingly multi-cloud.
“SASE vendors continue to evolve their product portfolios and have aggressively positioned Zero Trust (ZT) offerings to further differentiate in the SASE market,” said Chris DePuy, Technology Analyst at 650 Group. “With these shifts, there is a tremendous opportunity for vendor growth, and we anticipate that security and networking industries will continue to consolidate together in the coming years. DevOps, NetOps, and SecOps silos continue to converge.”
The report also discusses the impact of the changes on existing vendors in the security industry, such as Cloudflare, Fortinet, Palo Alto Networks, and ZScaler, and on vendors in the networking industry, such as Cisco Systems, HPE Aruba, Juniper Networks, Huawei, VMWare, and others.
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650 Group is a leading Market Intelligence Research firm for communications, data center, and cloud markets. Our team has decades of research experience, has worked in the technology industry, and is actively involved in standards bodies. 650 Group focuses on leading-edge market trends and research and prides itself on first-to-market research with numerous research programs focused on Cloud and technology trends. Learn more at http://www.650Group.com