Dell’Oro Group Ranks Versa Networks as the Unified SASE Market Share Leader for Second Year in a Row
Dell’Oro Group Research Ranked Vendors Based on 2022 Worldwide Revenue; Reveals Worldwide SASE Market will Exceed More Than $60 Billion Between 2022 and 2027
Santa Clara, Calif. – March 30, 2023
Versa Networks, the recognized leader of single-vendor Unified Secure Access Service Edge (SASE), today announced that it has been ranked as the Unified SASE market share leader for the second year in a row, according to the Dell’Oro Group 4Q22 SASE and SD-WAN Quarterly Report published this month. Dell’Oro Group is the trusted source of market information about the telecommunications, security, networks, and data center infrastructure industries.
Dell’Oro Group’s annual SASE market share report ranked Versa as the number one Unified SASE vendor, based on 2022 worldwide revenue. Dell’Oro Group defines Unified SASE as networking and security services integrated in a single, tightly integrated product platform with all SASE components coming from the same vendor. As per this report, Unified SASE has significant benefits over Disaggregated SASE – where networking and security services are not tightly integrated – including less operational burden, no inter-vendor disputes, tighter integration between components, and clearer service level agreements.
According to Dell’Oro Group, Unified SASE will grow three times faster than Disaggregated SASE between 2022 and 2027, with a five-year compound annual growth rate (CAGR) of 36 percent for Unified SASE compared to 12 percent for Disaggregated SASE. In addition, single-vendor Unified SASE, composed of those vendors that sell both SD-WAN and SSE solutions, experienced appreciably higher revenue growth than multi-vendor SASE solutions, consisting of bundled solutions from two or more vendors who sell only SD-WAN or SSE products. For the full-year 2022, single-vendor Unified SASE revenue outgrew multi-vendor SASE, 41 percent versus 29 percent.
The report revealed that the worldwide SASE market, based on the sum of the networking and security components, was over $6 billion for full-year 2022, representing strong 34 percent year-on-year growth. The report also forecasted that the worldwide SASE market will exceed more than $60 billion between 2022 and 2027.
“SASE is a service-centric, cloud-based technology solution that provides network connectivity and enforces security between users, devices, and applications,” said Mauricio Sanchez, Research Director at Dell’Oro Group. “A growing number of enterprises are embracing a Unified SASE approach which delivers these capabilities as a unified, tightly integrated service that increases network scalability, agility, and security. As a result of Versa’s market performance, we are pleased to award the company with Dell’Oro Group’s Market Share Leadership Award for Unified SASE for the second year in a row.”
“It’s an honor, but not surprising, for Versa AI/ML-powered Unified SASE to have the largest market share,” said Kumar Mehta, Co-Founder of Versa Networks. “Our traction is fuelled by the increased market demand for a well-integrated suite of SASE services that work seamlessly together. Versa’s Unified SASE delivers an improved security posture, increased operational efficiency, and improved user and administrator experience.”
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.
Dell’Oro Group tracks market size and share on a quarterly basis for most product categories within telecom, security, enterprise networks, and data center infrastructure. Using objective data and a proven and respected methodology, Dell’Oro Group identifies the leading supplier by total annual revenue in specific product categories. For more information on the Dell’Oro Group 4Q22 SASE and SD-WAN Quarterly Report, see: https://versa-networks.com/resources/reports/dell-oro-group-ranks-versa-networks-as-the-unified-sase-market-share-leader-for-second-year-in-a-row.
About Dell’Oro Group
Dell’Oro Group is a market research firm that specializes in strategic competitive analysis in the telecommunications, security, enterprise networks, and data center infrastructure markets. The firm provides in-depth quantitative data and qualitative analysis to facilitate critical, fact-based business decisions. For more information, contact Dell’Oro Group at +1.650.622.9400 or visit https://www.delloro.com.
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.