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Security Service Edge Market Trends

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

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Security Service Edge Market Trends

Anticipated growth in the integration of AI and ML technologies within SSE solutions is expected. These technologies can enhance threat detection, automate responses to security incidents, and provide predictive analytics to identify potential risks. By leveraging AI and ML, SSE platforms may become more adaptive and capable of addressing emerging cyber threats in real-time. Against this backdrop, in June 2023, Cisco (CSCO), a forefront player in enterprise networking and security, is fulfilling its commitment to the AI-driven Cisco Security Cloud, aiming to streamline cybersecurity and enable optimal productivity regardless of the escalating threat landscape or remote work scenarios.

This investment underscores Cisco's strategic focus on staying at the forefront of innovation in the ever-evolving field of cybersecurity. More efforts in this direction will help strengthen the market forecast.

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.