What Is The Current and Historic Market Size Analysis Of The Security Service Edge Market?
The security service edge market has seen considerable growth due to a variety of factors.
• The market size of the security service edge has seen exponential growth in the recent past. The predicted growth is from $0.98 billion in 2024 to approximately $1.25 billion in 2025, representing a compound annual growth rate (CAGR) of 27.6%.
The expansion during the historical period is linked to factors such as digital transformation, trends towards remote work, regulatory conformity, the increasing complexity of cybersecurity threats, and the adoption of bring your own device policies.
What are the Market Size and Expected Growth Rates for the Security Service Edge Market?
The security service edge market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations are high for the security service edge market, with predictions of remarkable expansion in the coming years. The industry is projected to reach a worth of $2.92 billion by 2029, growing at a compound annual growth rate (CAGR) of 23.7%.
Multiple factors are set to propel this growth in the forecast period, such as the rise of advanced threats, the widespread adoption of IoT, incorporating devops practices, the acceptance of the zero-trust security model, and a shift toward secure access service edge. The prediction period will also likely be characterized by several trends, including the merging of network security and wide area networking (WAN), growing use of zero trust architectures, improved visibility of users and devices, the incorporation of AI and ML, and the emergence of cloud-native security services.
Which Key Drivers Are Propelling The Security Service Edge Market's Growth?
The upward trend in cyber threats is anticipated to drive the expansion of the security service edge market. Cyber threats are harmful activities or possible risks exploiting the weaknesses of computer systems, networks, and the digital infrastructure. They stem from several elements, including a rise in high-profile data breach incidents and the increasing complexity of hacker techniques. By providing a complete cyber security solution, security service edge tackles these threats - this includes securing network connections, enforcing access controls, protecting cloud resources, defending endpoints, securing data, and enhancing threat detection and response capabilities. For instance, the Australian Cyber Security Centre, an Australian-based cyber security agency, reported in February 2023 that it received 76,000 reports of cybercrime in 2022, marking a 13% increase from the previous year. Consequently, the escalation in cyber threats is fuelling the growth of the security service edge market.
What Are The Key Segments Within The Global Security Service Edge Market?
The security service edge market covered in this report is segmented –
1) By Type: Cloud-Based, Web-Based
2) By Component: Solution, Services
3) By End-Use: Banking, Financial Services, And Insurance, Healthcare And Life Sciences, Education, Information Technology And Telecommunications, Government, Retail And E-commerce, Manufacturing, Other End Users
Subsegments:
1) By Cloud-Based: Software As A Service (SaaS), Infrastructure As A Service (IaaS)
2) By Web-Based: Web Application Firewalls (WAF), Secure Web Gateways (SWG)
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What Emerging Trends Are Influencing The Growth Of The Security Service Edge Market?
In an attempt to navigate the ever-changing world of cybersecurity, prominent firms in the security service edge (SSE) market are focusing on developing innovative security solutions, including edge security consulting services. Such a service is seen as an emerging category within network security services, offering a unified and modular platform for consulting and implementing an SSE. For example, in 2024, Kyndryl Holdings Inc., an American IT service management firm, rolled out Kyndryl Consult Security Services Edge and Kyndryl Managed SSE, two new security edge services. These were created in collaboration with Cisco Systems Inc., an American tech firm, to assist clients in enhancing their cybersecurity strategies and responding proactively to cyber threats. The services aid in fortifying security controls, preemptively addressing cyber issues, and guide enterprises towards a secure access service edge (SASE). Moreover, they provide a groundwork for companies to transition to a secure access service edge (SASE), implement a zero-trust network, and support hybrid work environments.
Who Are the Key Players In The Security Service Edge Market?
Major companies operating in the security service edge market are:
• Microsoft Corporation
• International Business Machines Corporation (IBM)
• Cisco Systems Inc.
• Broadcom Inc.
• VMware Inc.
• Palo Alto Networks Inc.
• Juniper Networks Inc.
• Fortinet Inc.
• Akamai Technologies Inc.
• Citrix Systems Inc.
• Check Point Software Technologies Ltd.
• Proofpoint Inc.
• Zscaler Inc.
• Cloudflare Inc.
• Cyxtera Technologies Inc.
• Forcepoint LLC
• SonicWall Inc.
• Barracuda Networks Inc.
• Open Systems AG
• Cato Networks Inc.
• Appgate Inc.
• Versa Networks Inc.
• Netskope Inc.
• Wandera Limited
• Menlo Security Inc.
What Are The Regional Insights Into The Security Service Edge Market?
North America was the largest region in the security service edge market in 2024. The regions covered in the security service edge market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
