The SSE market is expected to reach USD 2.8 billion
by 2028 from USD 0.8 billion in 2023, at a CAGR of 25.4 % during 2023–2028. The
adoption of SSE has experienced a remarkable surge in recent years, driven by
integration of a cloud access security broker (CASB) into an organization's
security framework. This integration plays a pivotal role in addressing the
challenges brought about by the widespread adoption of Software as a Service
(SaaS) applications, often referred to as the "SaaS explosion." CASBs
are purpose-built to provide organizations with the necessary tools to monitor,
control, and secure data in the cloud. They offer visibility, data protection,
and compliance enforcement for cloud-based applications, which is crucial in a
landscape where data resides both on-premises and in the cloud.
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Security
Service Edge Market Drivers:
- Rising need for unified
network security architecture.
- Integration of a Cloud
Access Security Broker (CASB).
- Zero Trust Access Driving
Security Service Edge (SSE) Adoption.
Security
Service Edge Market Restraints:
- Integration Complexity.
- Interoperability issues may
arise during integration.
Security
Service Edge Market Opportunities:
- Cost savings by combining
multiple security and network access.
- By consolidating various
security and networking tools into a single SSE platform.
Security
Service Edge Market Challenges:
- Traffic Aggregation and User
Experience.
By integrating CASBs with SSE or Secure Access Service Edge
(SASE) solutions, organizations create a holistic security ecosystem. This
comprehensive approach extends uniform security policies and controls across
the entire network, encompassing remote work scenarios and cloud resources.
CASBs excel in safeguarding data, offering features like data loss prevention
(DLP), encryption, and threat detection. Moreover, they ensure compliance with
industry regulations, enabling organizations to navigate complex data privacy
and security requirements. CASBs also provide real-time visibility into cloud
application usage, enabling proactive security measures based on user behavior
and context. As the SaaS landscape continues to evolve, CASBs remain adaptable,
accommodating new services and threats to maintain the security and compliance
of organizations in the dynamic digital environment.
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The Cloud Access Security Broker (CASB) registers the
second highest market size in the SSE market during the forecast period.
Cloud Access Security Brokers (CASBs) are vital security
solutions that help organizations manage and safeguard their data as it
traverses multiple SaaS applications and cloud environments, whether within
their on-premises data centers or accessed by mobile workers. CASBs serve as
intermediaries between an organization's security policies and the cloud
resources, ensuring that authorized users can securely access and consume these
resources while consistently enforcing security, governance, and compliance measures.
There are two primary types of CASBs available: traditional CASBs and
integrated CASBs.
The BFSI segment is projected to register highest CAGR
during the forecast period.
The BFSI industry deals with sensitive financial data and
customer information and demands rigorous security measures to safeguard
against data breaches and cyber threats. In this context, financial
institutions and insurance companies must implement robust SSE solutions
encompassing secure access controls, encrypted communications, and continuous
monitoring.
With the ever-increasing reliance on digital platforms for
financial transactions and customer services, SSE ensures the protection of
sensitive financial data and maintains compliance with stringent industry
regulations. It enables secure online banking, safeguards against cyber threats
such as fraud and data breaches and ensures the continuity of essential
services. Moreover, SSE supports the secure remote access of financial
professionals and the seamless integration of new fintech applications, bolstering
the industry's agility and competitive edge. As cybersecurity remains a
paramount concern in the BFSI sector, SSE provides a robust defense against
evolving threats while facilitating the delivery of secure and efficient
financial services to customers.
Based on region, Asia Pacific is projected to register
the highest CAGR during the forecast period.
APAC countries are highly concerned about the increase in
security spending due to the ever-growing threat landscape. The region
comprises emerging economies, such as China, Japan, and India. With effective
government regulations and technological advancements, SSE is witnessing high
growth opportunities in this region. The Asia Pacific SSE market is
experiencing substantial growth, primarily driven by the increasing acceptance
of remote work, cloud adoption, and the imperative for enhanced security in remote
work environments. The COVID-19 pandemic, which necessitated rapid remote work
adoption, prompted significant investments in security control systems to
protect remote employees. While the pandemic played a pivotal role in driving
the SSE market, a surge in highly sophisticated cyberattacks targeting critical
infrastructure and government entities has further compelled organizations in
the region to bolster their investments in SSE technologies.
Top Key Players:
The report profiles key players such as Netskope (US),
ZScaler (US), Palo Alto Networks (US), Cisco (US), Broadcom (US), Forcepoint
(US), Lookout (US), iBoss (US), Skyhigh Security (US), Cloudflare (US), Trend
Micro (Japan), Akamai (US), Fortinet (US), Aruba Networks (US), Citrix (US),
Cato Networks (Israel), Perimeter81 (Israel), Open Systems (Switzerland), Menlo
Security (US).
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