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Security as a Service Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 135 Pages
  • June 2023
  • Region: Global
  • IMARC Group
  • ID: 5578090
Description Jump to:
The global security as a service market size reached US$ 14.5 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 33.0 Billion by 2028, exhibiting a growth rate (CAGR) of 14.5% during 2023-2028.

Security as a Service, or SECaaS, is an umbrella term for various cloud-based cybersecurity solutions outsourced by organizations. Some commonly provided SECaaS solutions include secure email and web gateway, identity and access management, anti-virus, anti-malware, intrusion detection, vulnerability management, and application security testing. These services are integrated into the business infrastructure and offered on a subscription basis hosted by cloud providers. They help organizations free up resources, save costs, work with the latest tools and security updates, and scale security needs as the business grows. As a result, SECaaS has gained traction due to its cost efficiency, higher security expertise, enhanced protection against online threats, faster provisioning, and greater agility.

Security as a Service Market Trends:

The escalating demand for cloud-based security solutions and the high costs and risks involved in managing on-premises security solutions represent the primary factors driving the market growth. Additionally, with the improving IT infrastructure of organizations, there has been a significant rise in online threats, such as data breaches and identity thefts. Along with this, the growing need to comply with stringent regulatory and data protection laws is catalyzing the demand for SECaaS solutions. Besides this, the rising security concerns due to the increasing number of individuals working remotely amid the recent coronavirus disease (COVID-19) outbreak are encouraging organizations to adopt advanced security solutions like SECaaS. Furthermore, the leading players are focusing on product innovations to expand their product portfolio and gain a competitive edge in the market. Other factors, including the rising adoption of bring-your-own-device (BYOD) policies, increasing penetration of the Internet of Things (IoT), and technological advancements, are also creating a positive market outlook.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global security as a service market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, organization size, application and vertical.

Breakup by Component:

  • Solution
  • Services

Breakup by Organization Size:

  • Small and Medium-sized Enterprises
  • Large Enterprises

Breakup by Application:

  • Network Security
  • Endpoint Security
  • Application Security
  • Cloud Security
  • Others

Breakup by Vertical:

  • BFSI
  • Government and Defense
  • Retail and E-Commerce
  • Healthcare and Life Sciences
  • IT and Telecom
  • Energy and Utilities
  • Manufacturing
  • Others

Breakup by Region:

North America

  • United States
  • Canada

Asia-Pacific

  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others

Europe

  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others

Latin America

  • Brazil
  • Mexico
  • Others

Middle East and Africa


Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Alert Logic Inc., Barracuda Networks Inc., Cisco Systems Inc., Dell Technologies Inc., Fortinet Inc., International Business Machines Corporation, McAfee LLC, Microsoft Corporation, Okta Inc., Proofpoint Inc., Qualys Inc., Radware Ltd., Trend Micro Incorporated and Zscaler Inc.

Key Questions Answered in This Report

1. What was the size of the global security as a service market in 2022?
2. What is the expected growth rate of the global security as a service market during 2023-2028?
3. What are the key factors driving the global security as a service market?
4. What has been the impact of COVID-19 on the global security as a service market?
5. What is the breakup of the global security as a service market based on the component?
6. What is the breakup of the global security as a service market based on the organization size?
7. What is the breakup of the global security as a service market based on the application?
8. What is the breakup of the global security as a service market based on the vertical?
9. What are the key regions in the global security as a service market?
10. Who are the key players/companies in the global security as a service market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Security as a Service Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component
6.1 Solution
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Services
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Organization Size
7.1 Small and Medium-sized Enterprises
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Large Enterprises
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Application
8.1 Network Security
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Endpoint Security
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Application Security
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Cloud Security
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by Vertical
9.1 BFSI
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Government and Defense
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Retail and E-Commerce
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Healthcare and Life Sciences
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 IT and Telecom
9.5.1 Market Trends
9.5.2 Market Forecast
9.6 Energy and Utilities
9.6.1 Market Trends
9.6.2 Market Forecast
9.7 Manufacturing
9.7.1 Market Trends
9.7.2 Market Forecast
9.8 Others
9.8.1 Market Trends
9.8.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Alert Logic Inc.
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.2 Barracuda Networks Inc.
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.3 Cisco Systems Inc.
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 Financials
15.3.3.4 SWOT Analysis
15.3.4 Dell Technologies Inc.
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.4.4 SWOT Analysis
15.3.5 Fortinet Inc.
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Financials
15.3.5.4 SWOT Analysis
15.3.6 International Business Machines Corporation
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.6.4 SWOT Analysis
15.3.7 McAfee LLC
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.8 Microsoft Corporation
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.8.4 SWOT Analysis
15.3.9 Okta Inc.
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.10 Proofpoint Inc.
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.11 Qualys Inc.
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.11.3 Financials
15.3.12 Radware Ltd.
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
15.3.12.3 Financials
15.3.13 Trend Micro Incorporated
15.3.13.1 Company Overview
15.3.13.2 Product Portfolio
15.3.13.3 Financials
15.3.13.4 SWOT Analysis
15.3.14 Zscaler Inc.
15.3.14.1 Company Overview
15.3.14.2 Product Portfolio
15.3.14.3 Financials
List of Figures
Figure 1: Global: Security as a Service Market: Major Drivers and Challenges
Figure 2: Global: Security as a Service Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Security as a Service Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Security as a Service Market: Breakup by Component (in %), 2022
Figure 5: Global: Security as a Service Market: Breakup by Organization Size (in %), 2022
Figure 6: Global: Security as a Service Market: Breakup by Application (in %), 2022
Figure 7: Global: Security as a Service Market: Breakup by Vertical (in %), 2022
Figure 8: Global: Security as a Service Market: Breakup by Region (in %), 2022
Figure 9: Global: Security as a Service (Solution) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Security as a Service (Solution) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Security as a Service (Services) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Security as a Service (Services) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Security as a Service (Small and Medium-sized Enterprises) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Security as a Service (Small and Medium-sized Enterprises) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Security as a Service (Large Enterprises) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Security as a Service (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Security as a Service (Network Security) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Security as a Service (Network Security) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Security as a Service (Endpoint Security) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Security as a Service (Endpoint Security) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Security as a Service (Application Security) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Security as a Service (Application Security) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Security as a Service (Cloud Security) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Security as a Service (Cloud Security) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Security as a Service (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Security as a Service (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Security as a Service (BFSI) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Security as a Service (BFSI) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Security as a Service (Government and Defense) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Security as a Service (Government and Defense) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Security as a Service (Retail and E-Commerce) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Security as a Service (Retail and E-Commerce) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Security as a Service (Healthcare and Life Sciences) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Security as a Service (Healthcare and Life Sciences) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Global: Security as a Service (IT and Telecom) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: Security as a Service (IT and Telecom) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Global: Security as a Service (Energy and Utilities) Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Global: Security as a Service (Energy and Utilities) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Global: Security as a Service (Manufacturing) Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Global: Security as a Service (Manufacturing) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Global: Security as a Service (Other Verticals) Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Global: Security as a Service (Other Verticals) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: North America: Security as a Service Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: North America: Security as a Service Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: United States: Security as a Service Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: United States: Security as a Service Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Canada: Security as a Service Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Canada: Security as a Service Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Asia-Pacific: Security as a Service Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Asia-Pacific: Security as a Service Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: China: Security as a Service Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: China: Security as a Service Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Japan: Security as a Service Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Japan: Security as a Service Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: India: Security as a Service Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: India: Security as a Service Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: South Korea: Security as a Service Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: South Korea: Security as a Service Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Australia: Security as a Service Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Australia: Security as a Service Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Indonesia: Security as a Service Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Indonesia: Security as a Service Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Others: Security as a Service Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Others: Security as a Service Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Europe: Security as a Service Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Europe: Security as a Service Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Germany: Security as a Service Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Germany: Security as a Service Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: France: Security as a Service Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: France: Security as a Service Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: United Kingdom: Security as a Service Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: United Kingdom: Security as a Service Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Italy: Security as a Service Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Italy: Security as a Service Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Spain: Security as a Service Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Spain: Security as a Service Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Russia: Security as a Service Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Russia: Security as a Service Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Others: Security as a Service Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Others: Security as a Service Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Latin America: Security as a Service Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: Latin America: Security as a Service Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: Brazil: Security as a Service Market: Sales Value (in Million US$), 2017 & 2022
Figure 84: Brazil: Security as a Service Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 85: Mexico: Security as a Service Market: Sales Value (in Million US$), 2017 & 2022
Figure 86: Mexico: Security as a Service Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 87: Others: Security as a Service Market: Sales Value (in Million US$), 2017 & 2022
Figure 88: Others: Security as a Service Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 89: Middle East and Africa: Security as a Service Market: Sales Value (in Million US$), 2017 & 2022
Figure 90: Middle East and Africa: Security as a Service Market: Breakup by Country (in %), 2022
Figure 91: Middle East and Africa: Security as a Service Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 92: Global: Security as a Service Industry: SWOT Analysis
Figure 93: Global: Security as a Service Industry: Value Chain Analysis
Figure 94: Global: Security as a Service Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Security as a Service Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Security as a Service Market Forecast: Breakup by Component (in Million US$), 2023-2028
Table 3: Global: Security as a Service Market Forecast: Breakup by Organization Size (in Million US$), 2023-2028
Table 4: Global: Security as a Service Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: Global: Security as a Service Market Forecast: Breakup by Vertical (in Million US$), 2023-2028
Table 6: Global: Security as a Service Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Security as a Service Market: Competitive Structure
Table 8: Global: Security as a Service Market: Key Players

Companies Mentioned

  • Alert Logic Inc.
  • Barracuda Networks Inc.
  • Cisco Systems Inc.
  • Dell Technologies Inc.
  • Fortinet Inc.
  • International Business Machines Corporation
  • McAfee LLC
  • Microsoft Corporation
  • Okta Inc.
  • Proofpoint Inc.
  • Qualys Inc.
  • Radware Ltd.
  • Trend Micro Incorporated
  • Zscaler Inc.

Methodology

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Table Information

Report AttributeDetails
No. of Pages135
PublishedJune 2023
Forecast Period2022 - 2028
Estimated Market Value ( USD ) in 2022 $ 14.5 Billion
Forecasted Market Value ( USD ) by 2028 $ 33 Billion
Compound Annual Growth Rate14.7%
Regions CoveredGlobal
No. of Companies Mentioned14

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