Security as a Service Market Research Report - Global Forecast till 2027

Security as a Service Market Research Report, Component (Solution and Service), Application Area (Network, Email, and Other Security), Organization Size (SMEs and Large Enterprises), Vertical (BFSI, IT and Telecom, and Others) - Global Forecast till 2027

ID: MRFR/ICT/5246-HCR | February 2021 | Region: Global | 100 pages

Security as a Service Market Scenario:
Market Research Future anticipates the growth of global security as a service market at a CAGR of 21.59% with a market value of USD 14.25 billion owing to the advent of cloud computing technology. As the need and demand for cloud computing skyrockets, the security as a service market is witnessing growth in the demand for cloud computing security. Cloud computing security is associated with the policies and strategies deployed to protect business data such as computer security, information security, and network security. The market has witnessed migration from traditional security and hardware solutions to advanced security and cloud-based security services. Cloud-based security ensures the security of customer’s data and information at a low-cost. Furthermore, the rise in demand for cloud computing security is expected to be one of the major factors fueling the growth of the security as a service market over the forecast period.

Security as a service is an approach to design a service-oriented business network infrastructure. It is a model designed explicitly for security management to deploy security services and solutions over the Internet. Security as a service is an approach based on software as a service (SaaS), however, it is limited to a set of defined information security services. The benefits provided by the service includes continuous anti-virus monitoring and updates, ease of management, reduced costs, data loss prevention, identity and access management, and others. Enterprises are readily adopting these services owing to various benefits, which is positively impacting the security as a service market which would result in an optimistic growth of the market in the forecast period.


Large enterprises are increasingly adopting cloud-based security services owing to the benefits related to customer data security, flexibility, mobility, and others. However, small- and medium-sized enterprises are skeptical regarding the adoption of cloud-based security, due to the possible downtime depending upon the reliability of the internet connection and, to some extent, the cost incurred in implementing cloud-based security which is expected to hamper the growth of the security as a service market over the assessment period.

Global
Security as a Service Market, 2018–2023 (USD Billion)


Security as a Service Market


Source: MRFR Analysis


The global security as a service market is expected to reach USD 14.25 billion growing at 21.59% CAGR over the forecast period 2018–2023.

Security as a Service Market Key Players:
The prominent players in the security as a service market are Symantec Corporation (US), Intel Corporation (US), Trend Micro Incorporated (Japan), Cisco Systems Inc. (US), Fortinet Inc. (US), Panda Security (Spain), CipherCloud (US), Zscaler Inc. (US), Alert Logic Inc. (US), and Radware Ltd (Israel), International Business Machines Corporation (US), Verizon (US), and SecureWorks (US) are among the other players in this market.

Security as a Service Market Segmentation:
The security as a service market is segmented on the basis of component, application area, organization size, vertical, and region. These segments are further sub-segmented into the following: By component, the security as a service market is segmented into solution and service. By solution, the market is further sub-segmented into endpoint protection, security information and event management (SIEM), identity access management (IAM), intrusion detection and prevention systems (IDS/IPS), email encryption, data loss prevention (DLP), and others. By service the market is further segmented into professional services and managed services. By application area, this market is segmented into network security, email security, database cloud security, web security, and others. By organization size, the market is segmented into small and medium-sized enterprise, and large enterprise. By vertical, the market is segmented into BFSI, oil and gas, IT and telecom, retail, healthcare, government and defense, and others. By region, North America, Europe, Asia-Pacific, and the rest of the world are the global segments.

Security as a Service Market Regional Analysis:
The regional analysis of security as a service market is considered for North America, Europe, Asia-Pacific, and the rest of the world.


The advent of cloud computing security is driving the growth of the security as a service market in North America. The region is expected to dominate the market with the largest market share during the forecast period. The US and Canada are a few countries in the region, leading due to technical advancements and increasing adoption of cloud-based services. Additionally, leading providers of intelligent networks such as Cisco Systems, Symantec Corporation, Fortinet Inc., Verizon, and others in the US are enhancing advanced cloud architecture and providing network security. Europe is expected to show a high growth rate during the forecast period as the companies in the region are heavily invested in security as a service infrastructure to enhance their enterprise security infrastructure. Asia-Pacific is expected to be the fastest growing region in the market, due to the shift of large enterprise to the cloud. China, Japan, and India are the leading markets in the region, with a vast customer base.

Security as a Service Market Target Audience:



  • Security service providers

  • Consulting firms

  • Resellers and distributors

  • Technology partners

  • Research organizations

  • Security solution vendors

  • System integrators



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 14.25 Billion (2018-2023)
  CAGR   21.59% (2018-2023)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Component, Application Area
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Symantec Corporation (US), Intel Corporation (US), Trend Micro Incorporated (Japan), Cisco Systems Inc. (US), Fortinet Inc. (US), Panda Security (Spain), CipherCloud (US), Zscaler Inc. (US), Alert Logic Inc. (US), and Radware Ltd (Israel), International Business Machines Corporation (US), Verizon (US), and SecureWorks (US)
  Key Market Opportunities   Cloud-based security ensures the security of customer’s data and information at a low-cost. Furthermore, the rise in demand for cloud computing security is expected to be one of the major factors fueling the growth of the security as a service market over the forecast period.
  Key Market Drivers

  • The advent of cloud computing security is driving the growth of the security as a service market in North America. \r\n
  • The region is expected to dominate the market with the largest market share during the forecast period.


  • Frequently Asked Questions (FAQ) :


    The security as a service market can thrive at 21.59% CAGR by 2023.

    The security as a service market can value at USD 14.25 Bn by 2023.

    CipherCloud (US), Alert Logic Inc. (US), and Zscaler Inc. (US) are some reputed names in the security as a service market.

    email security, network security, web security, and database cloud security are applications of security as a service.

    identity access management (IAM) and security information and event management (SIEM) are some security as a services.

    It is a model designed explicitly for security management to deploy security services and solutions over the Internet.

    TABLE OF CONTENTS

    1 Executive Summary

    2 Scope Of The Report

    2.1 Market Definition

    2.2 Scope Of The Study

    2.2.1 Research Objectives

    2.2.2 Assumptions & Limitations

    2.3 Markets Structure

    3 Market Research Methodology

    3.1 Research Process

    3.2 Secondary Research

    3.3 Primary Research

    3.4 Forecast Model

    4 Market Landscape

    4.1 Porter’s Five Forces Analysis

    4.1.1 Threat Of New Entrants

    4.1.2 Bargaining Power Of Buyers

    4.1.3 Threat Of Substitutes

    4.1.4 Segment Rivalry

    4.1.5 Bargaining Power Of Suppliers

    4.2 Value Chain/Supply Chain Of Security As A Service Market

    5 Industry Overview Of Security As A Service Market

    5.1 Introduction

    5.2 Growth Drivers

    5.3 Impact Analysis

    5.4 Market Challenges

    6 Market Trends

    6.1 Introduction

    6.2 Growth Trends

    6.3 Impact Analysis

    7. Security As A Service Market By Component

    7.1 Introduction

    7.2 Solution

    7.2.1 Market Estimates & Forecast, 2020-2027

    7.2.2 Market Estimates & Forecast By Region, 2020-2027

    7.2.3 Endpoint Protection

    7.2.3.1 Market Estimates & Forecast, 2020-2027

    7.2.3.2 Market Estimates & Forecast By Region, 2020-2027

    7.2.4 Security Information And Event Management (SIEM)

    7.2.4.1 Market Estimates & Forecast, 2020-2027

    7.2.4.2 Market Estimates & Forecast By Region, 2020-2027

    7.2.5 Identity Access Management (IAM)

    7.2.5.1 Market Estimates & Forecast, 2020-2027

    7.2.5.2 Market Estimates & Forecast By Region, 2020-2027

    7.2.6 Intrusion Detection And Prevention Systems (IDS/IPS)

    7.2.6.1 Market Estimates & Forecast, 2020-2027

    7.2.6.2 Market Estimates & Forecast By Region, 2020-2027

    7.2.7 Email Encryption

    7.2.7.1 Market Estimates & Forecast, 2020-2027

    7.2.7.2 Market Estimates & Forecast By Region, 2020-2027

    7.2.8 Data Loss Prevention (DLP)

    7.2.8.1 Market Estimates & Forecast, 2020-2027

    7.2.8.2 Market Estimates & Forecast By Region, 2020-2027

    7.2.9 Others

    7.2.9.1 Market Estimates & Forecast, 2020-2027

    7.2.9.2 Market Estimates & Forecast By Region, 2020-2027

    7.3 Service

    7.3.1 Market Estimates & Forecast, 2020-2027

    7.3.2 Market Estimates & Forecast By Region, 2020-2027

    7.3.3 Professional Services

    7.3.3.1 Market Estimates & Forecast, 2020-2027

    7.3.3.2 Market Estimates & Forecast By Region, 2020-2027

    7.3.4 Managed Services

    7.3.4.1 Market Estimates & Forecast, 2020-2027

    7.3.4.2 Market Estimates & Forecast By Region, 2020-2027

    8. Security As A Service Market By Application Area

    8.1 Introduction

    8.2 Network Security

    8.2.1 Market Estimates & Forecast, 2020-2027

    8.2.2 Market Estimates & Forecast By Region, 2020-2027

    8.3 Email Security

    8.3.1 Market Estimates & Forecast, 2020-2027

    8.3.2 Market Estimates & Forecast By Region, 2020-2027

    8.4 Database Cloud Security

    8.4.1 Market Estimates & Forecast, 2020-2027

    8.4.2 Market Estimates & Forecast By Region, 2020-2027

    8.5 Web Security

    8.5.1 Market Estimates & Forecast, 2020-2027

    8.5.2 Market Estimates & Forecast By Region, 2020-2027

    8.6 Others

    8.6.1 Market Estimates & Forecast, 2020-2027

    8.6.2 Market Estimates & Forecast By Region, 2020-2027

    9. Security As A Service Market By Organization Size

    9.1 Introduction

    9.2 Small And Medium-Sized Enterprises

    9.2.1 Market Estimates & Forecast, 2020-2027

    9.2.2 Market Estimates & Forecast By Region, 2020-2027

    9.3 Large Enterprises

    9.3.1 Market Estimates & Forecast, 2020-2027

    9.3.2 Market Estimates & Forecast By Region, 2020-2027

    10. Security As A Service Market By Vertical

    10.1 Introduction

    10.2 BFSI

    10.2.1 Market Estimates & Forecast, 2020-2027

    10.2.2 Market Estimates & Forecast By Region, 2020-2027

    10.3 Oil And Gas

    10.3.1 Market Estimates & Forecast, 2020-2027

    10.3.2 Market Estimates & Forecast By Region, 2020-2027

    10.4 IT And Telecom

    10.4.1 Market Estimates & Forecast, 2020-2027

    10.4.2 Market Estimates & Forecast By Region, 2020-2027

    10.5 Retail

    10.5.1 Market Estimates & Forecast, 2020-2027

    10.5.2 Market Estimates & Forecast By Region, 2020-2027

    10.6 Healthcare

    10.6.1 Market Estimates & Forecast, 2020-2027

    10.6.2 Market Estimates & Forecast By Region, 2020-2027

    10.7 Government And Defense

    10.7.1 Market Estimates & Forecast, 2020-2027

    10.7.2 Market Estimates & Forecast By Region, 2020-2027

    10.8 Others

    10.8.1 Market Estimates & Forecast, 2020-2027

    10.8.2 Market Estimates & Forecast By Region, 2020-2027

    11.. Security As A Service Market By Region

    11.1 Introduction

    11.2 North America

    11.2.1 Market Estimates & Forecast, 2020-2027

    11.2.2 Market Estimates & Forecast By Component, 2020-2027

    11.2.3 Market Estimates & Forecast By Application Area, 2020-2027

    11.2.4 Market Estimates & Forecast By Organization Size, 2020-2027

    11.2.5 Market Estimates & Forecast By Vertical, 2020-2027

    11.2.6 US

    11.2.6.1 Market Estimates & Forecast, 2020-2027

    11.2.6.2 Market Estimates & Forecast By Component, 2020-2027

    11.2.6.3 Market Estimates & Forecast By Application Area, 2020-2027

    11.2.6.4 Market Estimates & Forecast By Organization Size, 2020-2027

    11.2.6.5 Market Estimates & Forecast By Vertical, 2020-2027

    11.2.7 Canada

    11.2.7.1 Market Estimates & Forecast, 2020-2027

    11.2.7.2 Market Estimates & Forecast By Component, 2020-2027

    11.2.7.3 Market Estimates & Forecast By Application Area, 2020-2027

    11.2.7.4 Market Estimates & Forecast By Organization Size, 2020-2027

    11.2.7.5 Market Estimates & Forecast By Vertical, 2020-2027

    11.2.8 Mexico

    11.2.8.1 Market Estimates & Forecast, 2020-2027

    11.2.8.2 Market Estimates & Forecast By Component, 2020-2027

    11.2.8.3 Market Estimates & Forecast By Application Area, 2020-2027

    11.2.8.4 Market Estimates & Forecast By Organization Size, 2020-2027

    11.2.8.5 Market Estimates & Forecast By Vertical, 2020-2027

    11.3 Europe

    11.3.1 Market Estimates & Forecast, 2020-2027

    11.3.2 Market Estimates & Forecast By Component, 2020-2027

    11.3.3 Market Estimates & Forecast By Application Area, 2020-2027

    11.3.4 Market Estimates & Forecast By Organization Size, 2020-2027

    11.3.5 Market Estimates & Forecast By Vertical, 2020-2027

    11.3.6 Germany

    11.3.6.1 Market Estimates & Forecast, 2020-2027

    11.3.6.2 Market Estimates & Forecast By Component, 2020-2027

    11.3.6.3 Market Estimates & Forecast By Application Area, 2020-2027

    11.3.6.4 Market Estimates & Forecast By Organization Size, 2020-2027

    11.3.6.5 Market Estimates & Forecast By Vertical, 2020-2027

    11.3.7 France

    11.3.7.1 Market Estimates & Forecast, 2020-2027

    11.3.7.2 Market Estimates & Forecast By Component, 2020-2027

    11.3.7.3 Market Estimates & Forecast By Application Area, 2020-2027

    11.3.7.4 Market Estimates & Forecast By Organization Size, 2020-2027

    11.3.7.5 Market Estimates & Forecast By Vertical, 2020-2027

    11.3.8 Italy

    11.3.8.1 Market Estimates & Forecast, 2020-2027

    11.3.8.2 Market Estimates & Forecast By Component, 2020-2027

    11.3.8.3 Market Estimates & Forecast By Application Area, 2020-2027

    11.3.8.4 Market Estimates & Forecast By Organization Size, 2020-2027

    11.3.8.5 Market Estimates & Forecast By Vertical, 2020-2027

    11.3.9 Spain

    11.3.9.1 Market Estimates & Forecast, 2020-2027

    11.3.9.2 Market Estimates & Forecast By Component, 2020-2027

    11.3.9.3 Market Estimates & Forecast By Application Area, 2020-2027

    11.3.9.4 Market Estimates & Forecast By Organization Size, 2020-2027

    11.3.9.5 Market Estimates & Forecast By Vertical, 2020-2027

    11.3.10 UK

    11.3.10.1 Market Estimates & Forecast, 2020-2027

    11.3.10.2 Market Estimates & Forecast By Component, 2020-2027

    11.3.10.3 Market Estimates & Forecast By Application Area, 2020-2027

    11.3.10.4 Market Estimates & Forecast By Organization Size, 2020-2027

    11.3.10.5 Market Estimates & Forecast By Vertical, 2020-2027

    11.4 Asia-Pacific

    11.4.1 Market Estimates & Forecast, 2020-2027

    11.4.2 Market Estimates & Forecast By Component, 2020-2027

    11.4.3 Market Estimates & Forecast By Application Area, 2020-2027

    11.4.4 Market Estimates & Forecast By Organization Size, 2020-2027

    11.4.5 Market Estimates & Forecast By Vertical, 2020-2027

    11.4.6 China

    11.4.6.1 Market Estimates & Forecast, 2020-2027

    11.4.6.2 Market Estimates & Forecast By Component, 2020-2027

    11.4.6.3 Market Estimates & Forecast By Application Area, 2020-2027

    11.4.6.4 Market Estimates & Forecast By Organization Size, 2020-2027

    11.2.6.5 Market Estimates & Forecast By Vertical, 2020-2027

    11.4.7 India

    11.4.7.1 Market Estimates & Forecast, 2020-2027

    11.4.7.2 Market Estimates & Forecast By Component, 2020-2027

    11.4.7.3 Market Estimates & Forecast By Application Area, 2020-2027

    11.4.7.4 Market Estimates & Forecast By Organization Size, 2020-2027

    11.4.7.5 Market Estimates & Forecast By Vertical, 2020-2027

    11.4.8 Japan

    11.4.8.1 Market Estimates & Forecast, 2020-2027

    11.4.8.2 Market Estimates & Forecast By Component, 2020-2027

    11.4.8.3 Market Estimates & Forecast By Application Area, 2020-2027

    11.4.8.4 Market Estimates & Forecast By Organization Size, 2020-2027

    11.4.8.5 Market Estimates & Forecast By Vertical, 2020-2027

    11.4.9 Rest Of Asia-Pacific

    11.4.9.1 Market Estimates & Forecast, 2020-2027

    11.4.9.2 Market Estimates & Forecast By Component, 2020-2027

    11.4.9.3 Market Estimates & Forecast By Application Area, 2020-2027

    11.4.9.4 Market Estimates & Forecast By Organization Size, 2020-2027

    11.4.9.5 Market Estimates & Forecast By Vertical, 2020-2027

    11.5 Rest Of The World

    11.5.1 Market Estimates & Forecast, 2020-2027

    11.5.2 Market Estimates & Forecast By Component, 2020-2027

    11.5.3 Market Estimates & Forecast By Application Area, 2020-2027

    11.5.4 Market Estimates & Forecast By Organization Size, 2020-2027

    11.5.5 Market Estimates & Forecast By Vertical, 2020-2027

    11.5.6 Middle East & Africa

    11.5.6.1 Market Estimates & Forecast By Component, 2020-2027

    11.5.6.2 Market Estimates & Forecast By Application Area, 2020-2027

    11.5.6.3 Market Estimates & Forecast By Organization Size, 2020-2027

    11.2.6.5 Market Estimates & Forecast By Vertical, 2020-2027

    11.5.7 Latin America

    11.5.7.1 Market Estimates & Forecast By Component, 2020-2027

    11.5.7.2 Market Estimates & Forecast By Application Area, 2020-2027

    11.5.7.3 Market Estimates & Forecast By Organization Size, 2020-2027

    11.2.7.5 Market Estimates & Forecast By Vertical, 2020-2027

    12. Company Landscape

    13. Company Profiles

    13.1 Symantec Corporation

    13.1.1 Company Overview

    13.1.2 Product/Business Segment Overview

    13.1.3 Financial Updates

    13.1.4 Key Developments

    13.2 Intel Corporation

    13.2.1 Company Overview

    13.2.2 Product/Business Segment Overview

    13.2.3 Financial Updates

    13.2.4 Key Developments

    13.3 Trend Micro Incorporated

    13.3.1 Company Overview

    13.3.2 Product/Business Segment Overview

    13.3.3 Financial Updates

    13.3.4 Key Developments


    13.4 Cisco Systems Inc.

    13.4.1 Company Overview

    13.4.2 Product/Business Segment Overview

    13.4.3 Financial Updates

    13.4.4 Key Developments

    13.5 Fortinet Inc.

    13.5.1 Company Overview

    13.5.2 Product/Business Segment Overview

    13.5.3 Financial Updates

    13.5.4 Key Developments

    13.6 Panda Security

    13.6.1 Company Overview

    13.6.2 Product/Business Segment Overview

    13.6.3 Financial Updates

    13.6.4 Key Developments

    13.7 CipherCloud

    13.7.1 Company Overview

    13.7.2 Product/Business Segment Overview

    13.7.3 Financial Updates

    13.7.4 Key Developments

    13.8 Zscaler Inc.

    13.8.1 Company Overview

    13.8.2 Product/Business Segment Overview

    13.8.3 Financial Updates

    13.8.4 Key Developments

    13.9 Alert Logic Inc.

    13.9.1 Company Overview

    13.9.2 Product/Business Segment Overview

    13.9.3 Financial Updates

    13.9.4 Key Developments


    13.10 Radware Ltd

    13.10.1 Company Overview

    13.10.2 Product/Business Segment Overview

    13.10.3 Financial Updates

    13.10.4 Key Developments

    14 Conclusion

    List Of Tables

    Table 1 Global Security As A Service Market, By Region, 2020-2027

    Table 2 North America: Security As A Service Market, By Country, 2020-2027

    Table 3 Europe: Security As A Service Market, By Country, 2020-2027

    Table 4 Asia-Pacific: Security As A Service Market, By Country, 2020-2027

    Table 5 Rest Of The World: Security As A Service Market, By Country, 2020-2027

    Table 6 Global Security As A Service Type Market, By Component, 2020-2027

    Table 7 North America: Security As A Service Type Market, By Component, 2020-2027

    Table 8 Europe: Security As A Service Type Market, By Component, 2020-2027

    Table 9 Asia-Pacific: Security As A Service Type Market, By Component, 2020-2027

    Table10 Rest Of The World: Security As A Service Type Market, By Component, 2020-2027

    Table11 Global Security As A Service Application Market, By Application Area, 2020-2027

    Table12 North America: Security As A Service Application Market, By Application Area, 2020-2027

    Table13 Europe: Security As A Service Application Market, By Application Area, 2020-2027

    Table14 Asia-Pacific: Security As A Service Application Market, By Application Area, 2020-2027

    Table15 Rest Of The World: Security As A Service Application Market, By Application Area, 2020-2027

    Table16 Global Security As A Service Application Market, By Organization Size, 2020-2027

    Table17 North America: Security As A Service Application Market, By Organization Size, 2020-2027

    Table18 Europe: Security As A Service Application Market, By Organization Size, 2020-2027

    Table19 Asia-Pacific: Security As A Service Application Market, By Organization Size, 2020-2027

    Table20 Rest Of The World: Security As A Service Application Market, By Organization Size, 2020-2027

    Table21 Global Security As A Service Application Market, By Vertical, 2020-2027

    Table22 North America: Security As A Service Application Market, By Vertical, 2020-2027

    Table23 Europe: Security As A Service Application Market, By Vertical, 2020-2027

    Table24 Asia-Pacific: Security As A Service Application Market, By Vertical, 2020-2027

    Table25 Rest Of The World: Security As A Service Application Market, By Vertical, 2020-2027

    Table26 Global Services Market, By Region, 2020-2027

    Table27 North America: Intelligent Network Market, By Country

    Table28 North America: Intelligent Network Market, By Component

    Table29 North America: Intelligent Network Market, By Application Area

    Table30 North America: Intelligent Network Market, By Organization Size

    Table31 North America: Intelligent Network Market, By Vertical

    LIST OF FIGURES

    FIGURE 1 Global Security As A Service Market Segmentation

    FIGURE 2 Forecast Methodology

    FIGURE 3 Porter’s Five Forces Analysis Of Global Security As A Service Market

    FIGURE 4 Value Chain Of Global Security As A Service Market

    FIGURE 5 Share Of Security As A Service Market In 2020, By Country (In %)

    FIGURE 6 Global Security As A Service Market, 2020-2027,

    FIGURE 7 Global Security As A Service Market Size By Component, 2020-2027

    FIGURE 8 Share Of Global Security As A Service Market By Component, (In %)

    FIGURE 9 Global Security As A Service Market Size By Application Area, 2020-2027

    FIGURE 10 Share Of Global Security As A Service Market By Application Area, (In %)

    FIGURE 11 Global Security As A Service Market Size By Organization Size, 2020-2027

    FIGURE 12 Share Of Global Security As A Service Market By Organization Size, (In %)

    FIGURE 13 Global Security As A Service Market Size By Vertical, 2020-2027

    FIGURE 14 Share Of Global Security As A Service Market By Vertical, (In %)