SANTA CLARA, Calif.--(BUSINESS WIRE)--Versa Networks, the recognized leader of single-vendor Secure Access Service Edge (SASE), today announced it has again been named the Deployed SASE and Enabled SD-WAN market leader by 650 Group – a trusted market research firm with decades of experience reporting on the data center, communications and Information Technology industries – as published this month in its 3Q22 SASE report and 3Q22 SD-WAN report.
According to 650 Group, Versa posted the leading market share for Deployed SASE and Enabled SD-WAN for Q3 2022 worldwide revenue. Versa has maintained the leading market share in these categories since 2020.
650 Group evaluates over a dozen SD-WAN vendors and over two dozen 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 Q3, we again recognized them as the quarterly 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-pane offerings.”
To learn more about 650 Group’s research reports, see:
https://650group.com/reports/sase/
https://650group.com/reports/routing-and-sd-wan/
“There has been tremendous customer interest in SASE over the past few years,” said Kelly Ahuja, CEO of Versa Networks. “Versa’s unique set of comprehensive SASE services has been recognized as leading the industry, and it’s rewarding to see our market leadership validated in these 650 Group reports. Our products were architected from inception to tightly integrate the security and networking functionalities that organizations need, which later would make up the SASE market category. Versa’s single-stack architecture uniquely delivers the desired functionalities for organizations, as proven by Versa’s continued success.”
“IT leaders are struggling to connect and protect their enterprises by using several products for SD-WAN, SWG, ZTNA, CASB, NGFWaaS and DLP,” said Kumar Mehta, Co-Founder and Chief Development Officer of Versa Networks. “Such a bolt-on approach results in increased complexity and weakened security posture due to use of multiple consoles and inconsistent security and network policies. Additionally, it also leads to increased TCO. Versa’s Unified SASE approach provides simplification, improved risk posture and better user experience. The industry at large has recognized Versa’s Unified SASE offering, and we are glad to see yet another validation by these 650 Group reports.”
Versa’s single-vendor SASE platform 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 SASE platform goes above and beyond management console automation integration 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 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., Silicon Valley Bank, 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.
Versa Networks, VOS, the Versa logo, and Versa Titan are or may be registered trademarks of Versa Networks, Inc.
