Security Service Edge (SSE) - Company Evaluation Report, 2025

Table of Content

1 INTRODUCTION 12
1.1 MARKET DEFINITION 12
1.2 INCLUSIONS & EXCLUSIONS 12
1.3 STAKEHOLDERS 13
2 EXECUTIVE SUMMARY 14
3 MARKET OVERVIEW AND INDUSTRY TRENDS 18
3.1 INTRODUCTION 18
3.2 MARKET DYNAMICS 18
3.2.1 DRIVERS 19
3.2.1.1 Widespread adoption of remote and hybrid work models 19
3.2.1.2 Rising need for unified network security architecture 20
3.2.1.3 Integration of CASB into organization security framework 20
3.2.1.4 Rising demand for zero-trust security 20
3.2.1.5 Compliance with stringent regulations and data protection laws 21
3.2.2 RESTRAINTS 21
3.2.2.1 Complexities in integrating with existing infrastructure 21
3.2.2.2 Shortage of skilled professionals 21
3.2.3 OPPORTUNITIES 22
3.2.3.1 Integration of AI and ML technologies with SSE solutions 22
3.2.3.2 Combination of multiple security and network access technologies 22
3.2.4 CHALLENGES 22
3.2.4.1 Managing and securing high volumes of network traffic 22
3.2.4.2 Reforming security policies 23
3.3 ECOSYSTEM ANALYSIS 23
3.4 PORTER’S FIVE FORCES ANALYSIS 24
3.4.1 THREAT OF NEW ENTRANTS 26
3.4.2 THREAT OF SUBSTITUTES 26
3.4.3 BARGAINING POWER OF SUPPLIERS 26
3.4.4 BARGAINING POWER OF BUYERS 26
3.4.5 INTENSITY OF COMPETITIVE RIVALRY 27
3.5 TECHNOLOGY ANALYSIS 27
3.5.1 KEY TECHNOLOGIES 27
3.5.1.1 Zero Trust Network Access (ZTNA) 27
3.5.1.2 Secure Web Gateway (SWG) 27
3.5.1.3 Data Loss Prevention (DLP) 28
3.5.1.4 Remote Browser Isolation (RBI) 28
3.5.1.5 Sandboxing 28
3.5.2 COMPLEMENTARY TECHNOLOGIES 28
3.5.2.1 Software-defined Perimeter (SDP) 28
3.5.2.2 AI/ML 29
3.5.2.3 Security Orchestration, Automation, and Response (SOAR) 29
3.5.3 ADJACENT TECHNOLOGIES 29
3.5.3.1 Edge computing & IoT security 29
3.5.3.2 Cloud computing 29
3.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 30
3.7 PATENT ANALYSIS 30
3.7.1 LIST OF TOP PATENTS IN SECURITY SERVICE EDGE (SSE) MARKET,
2022–2025 32
3.8 IMPACT OF GENERATIVE AI ON SECURITY SERVICE EDGE (SSE) MARKET 34
3.8.1 TOP USE CASES AND MARKET POTENTIAL 34
3.8.2 IMPACT OF GEN AI ON INTERCONNECTED AND ADJACENT ECOSYSTEMS 35
3.8.2.1 Secure Access Service Edge (SASE) 35
3.8.2.2 Identity and Access Management (IAM) 35
3.8.2.3 Security-as-a-Service 36
3.8.2.4 Cloud computing 36
3.8.2.5 Endpoint security 36
3.9 KEY CONFERENCES AND EVENTS, 2025 36
4 COMPETITIVE LANDSCAPE 37
4.1 OVERVIEW 37
4.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2022–2025 37
4.3 REVENUE ANALYSIS, 2019–2023 39
4.4 MARKET SHARE ANALYSIS, 2023 40
4.5 BRAND COMPARISON 43
4.6 COMPANY VALUATION AND FINANCIAL METRICS 44
4.6.1 COMPANY VALUATION 44
4.6.2 FINANCIAL METRICS USING EV/EBIDTA 44
4.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 45
4.7.1 STARS 45
4.7.2 EMERGING LEADERS 45
4.7.3 PERVASIVE PLAYERS 45
4.7.4 PARTICIPANTS 46
4.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023 47
4.7.5.1 Company footprint 47
4.7.5.2 Regional footprint 48
4.7.5.3 Offering footprint 49
4.7.5.4 Solution footprint 50
4.7.5.5 Vertical footprint 51
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4.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023 52
4.8.1 PROGRESSIVE COMPANIES 52
4.8.2 RESPONSIVE COMPANIES 52
4.8.3 DYNAMIC COMPANIES 52
4.8.4 STARTING BLOCKS 52
4.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023 54
4.8.5.1 Detailed list of key startups/SMEs 54
4.8.5.2 Competitive benchmarking of key startups/SMEs 54
4.9 COMPETITIVE SCENARIO 56
4.9.1 PRODUCT LAUNCHES AND ENHANCEMENTS 56
4.9.2 DEALS 58
5 COMPANY PROFILES 65
5.1 KEY PLAYERS 65
5.1.1 ZSCALER 65
5.1.1.1 Business overview 65
5.1.1.2 Products/Solutions/Services offered 66
5.1.1.3 Recent developments 67
5.1.1.3.1 Product launches and enhancements 67
5.1.1.3.2 Deals 67
5.1.1.4 MnM view 68
5.1.1.4.1 Key strengths 68
5.1.1.4.2 Strategic choices 68
5.1.1.4.3 Weaknesses and competitive threats 68
5.1.2 CISCO 69
5.1.2.1 Business overview 69
5.1.2.2 Products/Solutions/Services offered 70
5.1.2.3 Recent developments 71
5.1.2.3.1 Product launches and enhancements 71
5.1.2.3.2 Deals 71
5.1.2.4 MnM view 72
5.1.2.4.1 Key strengths 72
5.1.2.4.2 Strategic choices 72
5.1.2.4.3 Weaknesses and competitive threats 72
5.1.3 BROADCOM 73
5.1.3.1 Business overview 73
5.1.3.2 Products/Solutions/Services offered 74
5.1.3.3 Recent developments 75
5.1.3.3.1 Deals 75
5.1.3.4 MnM view 76
5.1.3.4.1 Key strengths 76
5.1.3.4.2 Strategic choices 76
5.1.3.4.3 Weaknesses and competitive threats 76
5.1.4 PALO ALTO NETWORKS 77
5.1.4.1 Business overview 77
5.1.4.2 Products/Solutions/Services offered 78
5.1.4.3 Recent developments 79
5.1.4.3.1 Deals 79
5.1.4.4 MnM view 80
5.1.4.4.1 Key strengths 80
5.1.4.4.2 Strategic choices 80
5.1.4.4.3 Weaknesses and competitive threats 80
5.1.5 NETSKOPE 81
5.1.5.1 Business overview 81
5.1.5.2 Products/Solutions/Services offered 81
5.1.5.3 Recent developments 82
5.1.5.3.1 Product launches and enhancements 82
5.1.5.3.2 Deals 82
5.1.5.4 MnM view 83
5.1.5.4.1 Key strengths 83
5.1.5.4.2 Strategic choices 83
5.1.5.4.3 Weaknesses and competitive threats 83
5.1.6 FORTINET 84
5.1.6.1 Business overview 84
5.1.6.2 Products/Solutions/Services offered 85
5.1.6.3 Recent developments 86
5.1.6.3.1 Product launches and enhancements 86
5.1.6.3.2 Deals 87
5.1.7 SKYHIGH SECURITY 88
5.1.7.1 Business overview 88
5.1.7.2 Products/Solutions/Services offered 88
5.1.7.3 Recent developments 89
5.1.7.3.1 Product launches and enhancements 89
5.1.8 HPE 90
5.1.8.1 Business overview 90
5.1.8.2 Products/Solutions/Services offered 91
5.1.8.3 Recent developments 92
5.1.8.3.1 Deals 92
5.1.9 IBOSS 93
5.1.9.1 Business overview 93
5.1.9.2 Products/Solutions/Services offered 93
5.1.9.3 Recent developments 94
5.1.9.3.1 Product launches and enhancements 94
5.1.9.3.2 Deals 94
5.1.10 LOOKOUT 95
5.1.10.1 Business overview 95
5.1.10.2 Products/Solutions/Services offered 95
5.1.10.3 Recent developments 96
5.1.10.3.1 Deals 96
5.1.11 CLOUDFLARE 97
5.1.11.1 Business overview 97
5.1.11.2 Products/Solutions/Services offered 98
5.1.11.3 Recent developments 99
5.1.11.3.1 Product launches and enhancements 99
5.1.11.3.2 Deals 99
5.1.12 CHECK POINT 101
5.1.12.1 Business overview 101
5.1.12.2 Products/Solutions/Services offered 102
5.1.12.3 Recent developments 103
5.1.12.3.1 Deals 103
5.1.13 OPEN SYSTEMS 104
5.1.13.1 Business overview 104
5.1.13.2 Products/Solutions/Services offered 104
5.1.14 FORCEPOINT 105
5.1.14.1 Business overview 105
5.1.14.2 Products/Solutions/Services offered 105
5.1.14.3 Recent developments 106
5.1.14.3.1 Product launches and enhancements 106
5.2 OTHER PLAYERS 107
5.2.1 CROWDSTRIKE 107
5.2.2 TATA COMMUNICATIONS LIMITED 108
5.2.3 HCL TECHNOLOGIES 109
5.2.4 TREND MICRO 110
5.2.5 JUNIPER NETWORKS 111
5.2.6 AKAMAI 112
5.2.7 SINGTEL 113
5.2.8 SITA 114
5.2.9 CATO NETWORKS 115
5.2.10 CITRIX 116
5.2.11 MENLO SECURITY 117
5.2.12 VERSA NETWORKS 118
5.2.13 NORD SECURITY 119
5.2.14 TWINGATE 120
5.2.15 BANYAN SECURITY 121
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6 APPENDIX 122
6.1 RESEARCH METHODOLOGY 122
6.1.1 RESEARCH DATA 122
6.1.1.1 Secondary data 123
6.1.1.2 Primary data 123
6.1.2 RESEARCH ASSUMPTIONS 123
6.1.3 RESEARCH LIMITATIONS 124
6.2 COMPANY EVALUATION MATRIX: METHODOLOGY 124
6.3 AUTHOR DETAILS 127

List of Figures

FIGURE 1 GLOBAL SECURITY SERVICE EDGE (SSE) MARKET SIZE AND
Y-O-Y GROWTH RATE, 2022–2030 15
FIGURE 2 SEGMENTS WITH SIGNIFICANT MARKET SHARE AND GROWTH RATE, 2024–2030 16
FIGURE 3 NORTH AMERICA TO DOMINATE MARKET IN 2024 17
FIGURE 4 SECURITY SERVICE EDGE (SSE) MARKET: DRIVERS, RESTRAINTS OPPORTUNITIES, AND CHALLENGES 19
FIGURE 5 SECURITY SERVICE EDGE (SSE) MARKET: ECOSYSTEM ANALYSIS 23
FIGURE 6 SECURITY SERVICE EDGE (SSE) MARKET: PORTER’S FIVE FORCES ANALYSIS 25
FIGURE 7 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 30
FIGURE 8 LIST OF MAJOR PATENTS APPLIED AND GRANTED, 2014–2025 31
FIGURE 9 SECURITY SERVICE EDGE (SSE) MARKET: REGIONAL ANALYSIS OF
PATENTS GRANTED, 2024–2025 32
FIGURE 10 MARKET POTENTIAL OF GEN AI IN ENHANCING SECURITY SERVICE EDGE
ACROSS INDUSTRIES 34
FIGURE 11 IMPACT OF GEN AI ON INTERCONNECTED AND ADJACENT ECOSYSTEMS 35
FIGURE 12 SECURITY SERVICE EDGE (SSE) MARKET: SEGMENTAL REVENUE ANALYSIS OF
TOP FIVE PLAYERS, 2019–2023 (USD MILLION) 39
FIGURE 13 SHARE ANALYSIS OF LEADING PLAYERS IN
SECURITY SERVICE EDGE (SSE) MARKET, 2023 40
FIGURE 14 SECURITY SERVICE EDGE (SSE) MARKET: COMPARISON OF VENDOR BRANDS 43
FIGURE 15 SECURITY SERVICE EDGE (SSE) MARKET:
COMPANY VALUATION OF KEY VENDORS (USD BILLION) 44
FIGURE 16 SECURITY SERVICE EDGE (SSE) MARKET: FINANCIAL METRICS OF KEY VENDORS 44
FIGURE 17 SECURITY SERVICE EDGE (SSE) MARKET:
COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023 46
FIGURE 18 SECURITY SERVICE EDGE (SSE) MARKET: COMPANY FOOTPRINT 47
FIGURE 19 SECURITY SERVICE EDGE (SSE) MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023 53
FIGURE 20 ZSCALER: COMPANY SNAPSHOT 66
FIGURE 21 CISCO: COMPANY SNAPSHOT 70
FIGURE 22 BROADCOM: COMPANY SNAPSHOT 74
FIGURE 23 PALO ALTO NETWORKS: COMPANY SNAPSHOT 78
FIGURE 24 FORTINET: COMPANY SNAPSHOT 85
FIGURE 25 HPE: COMPANY SNAPSHOT 91
FIGURE 26 CLOUDFLARE: COMPANY SNAPSHOT 97
FIGURE 27 CHECK POINT: COMPANY SNAPSHOT 102
FIGURE 28 SECURITY SERVICE EDGE (SSE) MARKET: RESEARCH DESIGN 122

List of Tables

TABLE 1 SECURITY SERVICE EDGE MARKET SIZE AND GROWTH RATE 2018–2023 (USD MILLION, Y-O-Y %) 15
TABLE 2 SECURITY SERVICE EDGE MARKET SIZE AND GROWTH RATE 2024–2030 (USD MILLION, Y-O-Y %) 15
TABLE 3 ROLE OF COMPANIES IN ECOSYSTEM 24
TABLE 4 IMPACT OF PORTER’S FIVE FORCES ON SECURITY SERVICE EDGE (SSE) MARKET 25
TABLE 5 SECURITY SERVICE EDGE (SSE) MARKET:
LIST OF KEY CONFERENCES AND EVENTS, 2025 36
TABLE 6 OVERVIEW OF STRATEGIES ADOPTED BY KEY SECURITY SERVICE EDGE VENDORS 37
TABLE 7 SECURITY SERVICE EDGE (SSE) MARKET: DEGREE OF COMPETITION, 2023 40
TABLE 8 SECURITY SERVICE EDGE (SSE) MARKET: REGIONAL FOOTPRINT 48
TABLE 9 SECURITY SERVICE EDGE (SSE) MARKET: OFFERING FOOTPRINT 49
TABLE 10 SECURITY SERVICE EDGE (SSE) MARKET: SOLUTION FOOTPRINT 50
TABLE 11 SECURITY SERVICE EDGE (SSE) MARKET: VERTICAL FOOTPRINT 51
TABLE 12 SECURITY SERVICE EDGE (SSE) MARKET: KEY STARTUPS/SMES 54
TABLE 13 SECURITY SERVICE EDGE (SSE) MARKET: COMPETITIVE BENCHMARKING
OF KEY STARTUPS/SMES, BY OFFERING 54
TABLE 14 SECURITY SERVICE EDGE (SSE) MARKET: COMPETITIVE BENCHMARKING
OF KEY STARTUPS/SMES, BY DEPLOYMENT MODE 55
TABLE 15 SECURITY SERVICE EDGE (SSE) MARKET: COMPETITIVE BENCHMARKING
OF KEY STARTUPS/SMES, BY VERTICAL 55
TABLE 16 SECURITY SERVICE EDGE (SSE) MARKET: COMPETITIVE BENCHMARKING
OF KEY STARTUPS/SMES, BY REGION 56
TABLE 17 SECURITY SERVICE EDGE (SSE) MARKET: PRODUCT LAUNCHES AND ENHANCEMENTS, JANUARY 2022–JANUARY 2025 56
TABLE 18 SECURITY SERVICE EDGE (SSE) MARKET: DEALS, JANUARY 2022–JANUARY 2025 59
TABLE 19 ZSCALER: COMPANY OVERVIEW 65
TABLE 20 ZSCALER: PRODUCTS/SOLUTIONS/SERVICES OFFERED 66
TABLE 21 ZSCALER: PRODUCT LAUNCHES AND ENHANCEMENTS 67
TABLE 22 ZSCALER: DEALS 67
TABLE 23 CISCO: COMPANY OVERVIEW 69
TABLE 24 CISCO: PRODUCTS/SOLUTIONS/SERVICES OFFERED 70
TABLE 25 CISCO: PRODUCT LAUNCHES AND ENHANCEMENTS 71
TABLE 26 CISCO: DEALS 71
TABLE 27 BROADCOM: COMPANY OVERVIEW 73
TABLE 28 BROADCOM: PRODUCTS/SOLUTIONS/SERVICES OFFERED 74
TABLE 29 BROADCOM: DEALS 75
TABLE 30 PALO ALTO NETWORKS: COMPANY OVERVIEW 77
TABLE 31 PALO ALTO NETWORKS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 78
TABLE 32 PALO ALTO NETWORKS: DEALS 79
TABLE 33 NETSKOPE: COMPANY OVERVIEW 81
TABLE 34 NETSKOPE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 81
TABLE 35 NETSKOPE: PRODUCT LAUNCHES AND ENHANCEMENTS 82
TABLE 36 NETSKOPE: DEALS 82
TABLE 37 FORTINET: COMPANY OVERVIEW 84
TABLE 38 FORTINET: PRODUCTS/SOLUTIONS/SERVICES OFFERED 85
TABLE 39 FORTINET: PRODUCT LAUNCHES AND ENHANCEMENTS 86
TABLE 40 FORTINET: DEALS 87
TABLE 41 SKYHIGH SECURITY: COMPANY OVERVIEW 88
TABLE 42 SKYHIGH SECURITY: PRODUCTS/SOLUTIONS/SERVICES OFFERED 88
TABLE 43 SKYHIGH SECURITY: PRODUCT LAUNCHES AND ENHANCEMENTS 89
TABLE 44 HPE: COMPANY OVERVIEW 90
TABLE 45 HPE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 91
TABLE 46 HPE: DEALS 92
TABLE 47 IBOSS: COMPANY OVERVIEW 93
TABLE 48 IBOSS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 93
TABLE 49 IBOSS: PRODUCT LAUNCHES AND ENHANCEMENTS 94
TABLE 50 IBOSS: DEALS 94
TABLE 51 LOOKOUT: COMPANY OVERVIEW 95
TABLE 52 LOOKOUT: PRODUCTS/SOLUTIONS/SERVICES OFFERED 95
TABLE 53 LOOKOUT: DEALS 96
TABLE 54 CLOUDFLARE: COMPANY OVERVIEW 97
TABLE 55 CLOUDFLARE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 98
TABLE 56 CLOUDFLARE: PRODUCT LAUNCHES AND ENHANCEMENTS 99
TABLE 57 CLOUDFLARE: DEALS 99
TABLE 58 CHECK POINT: COMPANY OVERVIEW 101
TABLE 59 CHECK POINT: PRODUCTS/SOLUTIONS/SERVICES OFFERED 102
TABLE 60 CHECK POINT: DEALS 103
TABLE 61 OPEN SYSTEMS: COMPANY OVERVIEW 104
TABLE 62 OPEN SYSTEMS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 104
TABLE 63 FORCEPOINT: COMPANY OVERVIEW 105
TABLE 64 FORCEPOINT: PRODUCTS/SOLUTIONS/SERVICES OFFERED 105
TABLE 65 FORCEPOINT: PRODUCT LAUNCHES AND ENHANCEMENTS 106