SASE Market Projected to Grow Over 30% Annually to $9 Billion by 2027 as Companies Adopt Cloud-Based Security
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SASE (pronounced "sassy") emerged as a way to secure cloud computing networks and remote work during the pandemic. It is expected to grow over 30% annually to $9 billion by 2027.
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Major cybersecurity companies like Palo Alto Networks, Zscaler, and Cloudflare are competing for SASE market share, which some estimate could reach $8-9 billion in 2023.
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SASE requires expertise in security service edge (SSE) to monitor data traffic, and software-defined networking (SD-WAN) to efficiently connect branch offices.
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The rise of edge computing and "zero trust" network security principles are also boosting interest in SASE among enterprises.
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Startups like Netskope and Versa Networks see SASE as a major growth opportunity, though established players like Microsoft and Cisco also want part of the fast-growing market.