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Security Service Edge Market Share

Report ID: GMI7773
Published Date: Jan 2024
Report Format: PDF

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Security Service Edge Market Share

Zscaler and Palo Alto Networks dominate the security service edge industry. Leading players in the SSE industry are strengthening their presence through strategic measures such as investing in advanced technologies like AI and ML, enhancing integration capabilities, and focusing on scalable solutions to address evolving cybersecurity challenges and cater to diverse organizational needs.

Market players are expanding their business presence by entering new geographic regions. Establishing a global footprint allows them to cater to the security needs of multinational corporations. Additionally, forming strategic partnerships with other technology vendors, cloud service providers, or industry-specific organizations helps create synergies and enhances market reach.

Security Service Edge Market Comapnies

Major players operating in the security service edge industry are:

Zscaler
Palo Alto Networks
Cisco Systems, Inc
Netskope
Forcepoint
Skyhigh Security
Lookout, Inc.
Broadcom Inc.
Cloudflare
Iboss

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The security service edge industry was valued at USD 903.8 million in 2023 and is estimated to register a CAGR of over 23.5% between 2024 and 2032, owing to the evolving and sophisticated nature of cyber threats

The solution segment accounted for around 60% market share in 2023, driven by the increasing adoption of Security Service Edge (SSE) solutions, encompassing technologies such as FWaaS (Firewall as a Service), ZTNA (Zero Trust Network Access), SWG (Secure Web Gateways), CASB (Cloud Access Security Broker), and others.

North America security service edge market accounted for a revenue share of over 35% in 2023, attributed to the proactive approach toward cybersecurity, coupled with a high level of digitalization.

Zscaler, Palo Alto Networks, Cisco Systems, Inc, Netskope, Forcepoint, Skyhigh Security, Lookout, Inc., Broadcom Inc., Cloudflare and Iboss.