650 Group Reaffirms Versa Networks’ Market Leadership for Both Deployed SASE and Enabled SD-WAN
650 Group Reports Reveal Versa is the Market Leader for Both Deployed SASE and Enabled SD-WAN for the Third Year in a Row
Santa Clara, Calif., – May 9, 2023
Versa Networks, the recognized leader of single-vendor Unified Secure Access Service Edge (SASE), today announced it has been named the Deployed SASE and Enabled SD-WAN market leader for 2022 by 650 Group – a trusted market research firm with decades of experience reporting on the data center, communications and Information Technology industries – as published in its 2022 SASE report and 2022 SD-WAN report.
According to 650 Group, Versa led the market for Deployed SASE and Enabled SD-WAN for 2022 worldwide revenue. Versa has maintained the leadership position in both of these categories since 2020.
650 Group evaluates the leading SD-WAN and SASE vendors each quarter to analyze vendor performance quarterly. Each report includes market shares and five-year forecasts with various performance metrics. According to 650 Group, Deployed SASE is defined as single-vendor SASE deployed as a suite. Enabled SD-WAN means a customer has purchased and uses SD-WAN functions.
“As a result of Versa’s market performance in 2022, we again recognized them as the yearly market share leader in both Deployed SASE and Enabled SD-WAN,” said Alan Weckel, Co-Founder and Analyst of 650 Group. “Our research indicates that enterprises are making SASE a priority for their IT budgets in 2023 with a preference for single-vendor offerings.”
To learn more about 650 Group’s research reports, see:
“Versa’s AI/ML-powered single-vendor Unified SASE platform was architected from Day One to tightly integrate the security and networking products that organizations need in a cloud-first hybrid workforce world,” said Kelly Ahuja, CEO of Versa Networks. “Versa’s single-stack architecture uniquely delivers comprehensive Security Service Edge (SSE) and secure networking capabilities for organizations, as proven by Versa’s continued success and rapid growth. Our single-vendor Unified SASE approach provides simplification, improved risk posture and better user experience than other SASE solutions. This is why the industry at large has recognized Versa’s Unified SASE offering as the leading solution, and we are glad to see yet another validation by these 650 Group reports.”
Versa’s AI/ML-powered single-vendor Unified SASE delivers organically developed best-of-breed functions that tightly integrate and deliver services via the cloud, on-premises, or as a blended combination of both, managed through a single pane of glass. Versa delivers SASE services such as Secure SD-WAN, Next-Generation Firewall, Next-Generation Firewall as a Service, Cloud Network Firewall, Unified Threat Management (UTM) including Advanced Threat Protection (ATP), Secure Web Gateway (SWG), Zero Trust Network Access (ZTNA), Cloud Access Security Broker (CASB), Data Loss Prevention (DLP), Remote Browser Isolation (RBI), and User and Entity Behavior Analytics (UEBA). Versa’s single-vendor Unified SASE platform goes above and beyond management console automation by providing the ability to integrate networks, points of presence, policy definitions, application definitions, agent logic, and data lakes.
About 650 Group
650 Group is a trusted market research firm with decades of experience and a unique perspective on the industries it covers. The firm’s research includes the data center, communications and Information Technology markets. Companies encompassing the majority of the cloud supply chain rely on 650 Group to provide the information, forecasts and expert opinion they need to make critical business decisions. For more information, see https://650group.com/about-us.
About Versa Networks
Versa Networks, the leader in single-vendor Unified SASE platforms, delivers AI/ML-powered SSE and SD-WAN solutions. The platform provides networking and security with true multitenancy, and sophisticated analytics via the cloud, on-premises, or as a blended combination of both to meet SASE requirements for small to extremely large enterprises and Service Providers. Thousands of customers globally with hundreds of thousands of sites and millions of users trust Versa with their mission critical networks and security. Versa Networks is privately held and funded by Sequoia Capital, Mayfield, Artis Ventures, Verizon Ventures, Comcast Ventures, BlackRock Inc., Liberty Global Ventures, Princeville Capital, RPS Ventures and Triangle Peak Partners. For more information, visit https://www.versa-networks.com or follow Versa Networks on Twitter @versanetworks.