“While the SASE market has felt the effects of economic uncertainty, the fundamentals remain strong,” said Mauricio Sanchez, Sr. Director, Enterprise Security and Networking at Dell’Oro Group. “We anticipate a rebound in the coming year as enterprises shift from short-term caution to longer-term investment in cloud-based security and networking solutions.

“With public MBB investments slowing, the expectations with new growth opportunities such as Fixed Wireless Access and private wireless are rising,” said Stefan Pongratz, Vice President at Dell’Oro Group.

“The Network Security market’s performance in 2Q 2024 reaffirms the enduring shift towards cloud-centric architectures. The firewall segment serves as a microcosm of this transformation. While overall firewall revenue grew modestly at 2 percent, virtual firewalls surged by 22 percent as physical firewall sales struggled…” said Mauricio Sanchez, Sr. Director, Enterprise Security and Networking at Dell’Oro Group.