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SASE market jumps 31% and hits $8.4B for 2023 – Dell'Oro Group
Zscaler captures overall SASE revenue crown. #pressrelease
March 7, 2024
1 Min Read
REDWOOD CITY, Calif. – According to a recently published report from Dell'Oro Group, the trusted source for market information about the telecommunications, security, networks, and data center industries, the Secure Access Service Edge (SASE) market reached a significant milestone in 2023, breaking the $8 B barrier with 31 percent growth to $8.4 B. The increasing necessity for secure cloud and remote work solutions largely fueled the robust growth. As businesses globally adjust to a digital-first environment, the heightened investment in SASE highlights a shift towards integrated security frameworks. Zscaler's new revenue leadership position in the SASE market underscores the dynamic nature of the cybersecurity industry, with innovation and customer needs driving competitive shifts.
Additional highlights from the 4Q 2023 SASE and SD-WAN Quarterly Report:
The SSE (Secure Service Edge) segment of the SASE market crossed the significant threshold of $4 B by maintaining an impressive year-over-year growth rate of over 30 percent for the fourth consecutive year.
The SD-WAN segment saw its revenue surpass $3 B. However, after six years of growth of over 30 percent per year, the increase slowed to 28 percent in 2023, indicating a post-pandemic recalibration of enterprise spending.
Single-vendor SASE solutions surged ahead of multi-vendor offerings, driven by vendor consolidation and a growing enterprise preference for single-vendor engagements.
The six leading SASE vendors—Zscaler, Cisco, Palo Alto Networks, Symantec/Broadcom, Fortinet, and Netskope—accounted for 65 percent of the market revenue, highlighting a consolidation trend and suggesting the market's move towards maturity.
Read the full press release here.
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