SaaS-based Network Security Revenue to Surpass $60 Billion, says Dell’Oro Group

android-icon-192x192.pngSaaS-based Network Security Revenue to Surpass $60 Billion, says DellâOro Group>
The Fast Mode – Ray Sharma
Demand for network security â which includes email security, firewall, security service edge (SSE), secure web gateway (SWG), and web application firewall (WAF) technologies â is expected to remain healthy over the next five years as solid enterprise investment in cloud applications and hybrid work drive the need for greater security and offset macro-economic headwinds, according to DellâOro Group.

SSE market revenue to experience a compounded annual growth rate (CAGR) of nearly 30 percent from 2021 to 2026. Secure Web Gateway (SWG) and Cloud Access Security Broker (CASB) are expected to remain the most significant revenue components over the five-year forecast horizon, but Zero Trust Network Access (ZTNA) and Firewall-as-a-Service (FaaS) are estimated to flourish at a faster rate.Firewall market is expected to remain the largest network security segment by revenue and is forecasted to grow at an 8 percent CAGR over the forecast horizon.
Link: https://www.thefastmode.com/technology-and-solution-trends/26875-saas-based-network-security-revenue-to-surpass-60-billion-says-dell-oro-group


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