Dell’Oro Group: Top Six SASE Vendors Own 72 Percent of 3Q 2024 Market Share

The global SASE market reached $2.4 B in 3Q 2024, according to a recently published report from Dell’Oro Group, a Redwood City, California based market research firm specializing in the telecommunications, security, networks, and data center industries.

The top six SASE vendors grew their collective market share to 72 percent, a seven-point increase compared to 3Q 2023, according to the firm.

“The SASE market is entering a new maturity phase,” said Mauricio Sanchez, Sr. Director, Enterprise Security and Networking at the Dell’Oro Group. “As enterprises focus on trusted, integrated solutions during economic uncertainty, the largest vendors are capturing a growing share of investments, setting the stage for continued leadership and innovation.”

Zscaler led the field with a 21 percent market share, followed by Cisco, Palo Alto Networks, Broadcom, Fortinet, and Netskope. Overall market revenue rose by a single-digit year-over-year (Y/Y), the slowest growth rate since tracking began in 1Q 2019. Despite this, the top six vendors grew at a faster double-digit pace, reflecting a consolidation trend.

SD-WAN revenue saw minimal growth of 1 percent Y/Y, as enterprises optimized existing deployments rather than expanding new projects. Cisco remained the clear leader in this segment, with a 31 percent market share.

SSE revenue increased by 14 percent Y/Y, driven by demand for advanced security solutions. Zscaler led the segment with a 34 percent share, followed by Palo Alto Networks and Broadcom.

While Dell’Oro expects growth to strengthen in 2025 compared to 2024, it is not anticipated to reach the vigorous levels seen during the pandemic or its immediate aftermath. Renewed enterprise investments and expanding adoption of integrated cloud security and networking solutions are expected to drive the market forward.

Channel Impact^®
This consolidation highlights the industry’s shift towards a more mature competitive landscape as enterprises prioritize established players for integrated networking and security solutions.