Security as a Service Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Component, Organization Size, Application, and Vertical- Product Image

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Security as a Service Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Component, Organization Size, Application, and Vertical

Report
177 Pages
June 2022
Region: Global
The Insight Partners
ID: 5635294

UP TO €2480EUR$2,565USD£2,131GBP OFF until Jun 30^th 2024

The security as a service market is projected to reach US$ 34,854.10 million by 2028 from US$ 13,712.87 million in 2022 It is expected to grow at a CAGR of 16.8% from 2022 to 2028.

In the last few years, enterprises have witnessed a host of changes. Increasing digitalization, the advent of Industry 4.0, and the growth of smart devices have increased the total number of smart and connected devices globally. To provide better service to their customers, enterprises across all industry verticals have implemented different digitalization levels. It has also increased the amount of data being generated by huge extents, along with the storage of personal information. However, the sudden increase in digitalization and data generation has also attracted new forms of cyber-attacks and crimes.

Globally, several nations have issued strict guidelines for cyber security. For instance, the Ministry of Electronics and Information Technology (MeitY) India launched the Cyber Surakshit Bharat program to develop a strong cybersecurity ecosystem in India. This is consistent with the government's goal of creating a 'Digital India' This program was supported by the National E-Government Division (NeGD). The need for sound governance has increased because of the Indian government's initiatives on cybersecurity, which have caused the governance structure to change quickly. The program would urge CISOs and front-line IT personnel from all government agencies to educate themselves on cybercrime and develop their self-defense skills. Similarly, the Singapore Cybersecurity Act mandates that businesses create a robust infrastructure to make cyberspace safer while fostering global alliances. It is anticipated that such government policies to reduce potential cyber dangers and attacks will open up new business prospects during the projected period. Such factors are expected to boost the security as a service market growth, during the forecast period.

Impact of COVID-19 Pandemic on Security as a Service Market Growth

The pandemic forced enterprises to come to a halt. Mounting losses resulted in enterprises from most verticals resuming functioning remotely. Such trends required makeshift, less secure networks to be accessed by the employees of such enterprises. As such systems are highly compromised and can easily result in a security breach, organizations started to approach market players to remediate the cyber threat to their operations. The APAC security as a service market is anticipated to experience significant growth due to the recent COVID-19 outbreak because of the rising trend of cyber-attacks involving malware and ransomware in the context of COVID-19. Enterprises are quickly adopting cybersecurity solutions since several employees have switched to remote work environments amid lockdown in various countries. According to MasterCard Incorporated statistics, South America has been adopting contactless payment options based on cyber security solutions at a faster rate than ever before. As a result of the pandemic's seismic effects across numerous industries, the demand for internet platforms has skyrocketed. Remote working, the rise of digital payments to minimize direct human-to-human contact, and changing business strategies are all driving the incorporation of digitalization. Such trends collectively contribute to the security as a service market growth.

China accounts for the largest share in the security as a service market in Asia Pacific due to the country’s strong manufacturing base. The country is the leading producer of consumer electronics, electric vehicles, and industrial electronic components. Additionally, China is strongly adopting Industry 4.0. Due to the digitalization of the manufacturing sector, there is a growing demand for network security. Moreover, the initiatives by the Chinese government, including Made in China 2025, are expected to boost the country’s manufacturing sector further. These factors are expected to boost the revenue generation for security as a service market players in the country during the forecast period.

Information security has become a significant national security concern in the twenty-first century. Systems for controlling vehicles, signal processing, communications, surveillance, and weapons are all computerized. A military organization may suffer significant consequences from a cyberattack. The military, along with every other global industry, is collaborating with all stakeholders and experts to raise awareness and provide secure cyberspace by providing resilient and robust cybersecurity technology. Such factors are expected to promote security as a service market growth.

Telecom fraud is also rapidly emerging as one of the biggest causes of revenue loss, with operators worldwide losing up to US$ 30 billion in uncollected revenue and fraud, according to Infosys Limited data. The emergence of OTT (over the top) data services has severely impacted the number of internet users globally. In addition, technological innovations such as IoT and 5G in the telecom sector have driven rapid customer uptake. The uptake of artificial intelligence (AI), deep learning, and big data analytics is continuously increasing across various applications in the aerospace, automotive, manufacturing, and military & defense sectors, which has propelled the demand for smart electronics. All these factors are aiding security as a service market players in generating maximum revenues.

Alert Logic, Inc.; Barracuda Networks, Inc.; Clearswift; Silversky; IBM Corporation; McAfee, LLC; Microsoft Corporation; Radware; Trend Micro Incorporated and Zscaler, Inc. are a few key players operating in the security as a service market.

The overall security as a service market has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the security as a service market. The process also serves the purpose of obtaining an overview and forecast of the security as a service market with respect to all market segments. Also, industry participants and commentators have conducted multiple primary interviews to validate the data and gain more analytical insights. Participants in this process include VPs, business development managers, market intelligence managers, national sales managers, and external consultants, such as valuation experts, research analysts, and key opinion leaders, specializing in the security as a service market.

1.Introduction

1.1. Scope of the Study
1.2. Research Report Guidance
1.3. Market Segmentation
1.3.1 Security as a Service Market - by Components
1.3.2 Security as a Service Market - by Organization Sizes
1.3.3 Security as a Service Market - by Applications
1.3.4 Security as a Service Market - by Verticals
1.3.5 Security as a Service Market - by Region
1.3.5.1 by Country

2.Key Takeaways3.Research Methodology

4.Security as a Service Market Landscape

4.1. Overview
4.2. Porter's Five Forces Analysis
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. Ecosystem Analysis
4.4. Expert Opinions

5.Security as a Service Market - Key Market Dynamics

5.1. Key Market Drivers
5.2. Key Market Restraints
5.3. Key Market Opportunities
5.4. Future Trends
5.5. Impact Analysis of Drivers and Restraints

6.Security as a Service Market - Global Market Analysis

6.1. Security as a Service - Global Market Overview
6.2. Security as a Service - Global Market and Forecast to 2028
6.3. Market Positioning/Market Share

7.Security as a Service Market - Revenue and Forecasts to 2028 "" Components

7.1. Overview
7.2. Components Market Forecasts and Analysis
7.3. Solution
7.3.1. Overview
7.3.2. Solution Market Forecast and Analysis
7.3.3. Business Continuity and Disaster Recovery Market
7.3.3.1. Overview
7.3.3.2. Business Continuity and Disaster Recovery Market Forecast and Analysis
7.3.4. Continuous Monitoring Market
7.3.4.1. Overview
7.3.4.2. Continuous Monitoring Market Forecast and Analysis
7.3.5. Data Loss Prevention Market
7.3.5.1. Overview
7.3.5.2. Data Loss Prevention Market Forecast and Analysis
7.3.6. Encryption Market
7.3.6.1. Overview
7.3.6.2. Encryption Market Forecast and Analysis
7.3.7. Identity and Access Management Market
7.3.7.1. Overview
7.3.7.2. Identity and Access Management Market Forecast and Analysis
7.3.8. Intrusion Management Market
7.3.8.1. Overview
7.3.8.2. Intrusion Management Market Forecast and Analysis
7.3.9. Others Market
7.3.9.1. Overview
7.3.9.2. Others Market Forecast and Analysis
7.4. Service
7.4.1. Overview
7.4.2. Service Market Forecast and Analysis
7.4.3. Training and Education Market
7.4.3.1. Overview
7.4.3.2. Training and Education Market Forecast and Analysis
7.4.4. Consulting Market
7.4.4.1. Overview
7.4.4.2. Consulting Market Forecast and Analysis
7.4.5. Support and Maintenance Market
7.4.5.1. Overview
7.4.5.2. Support and Maintenance Market Forecast and Analysis

8. Security as a Service Market - Revenue and Forecasts to 2028 "" Organization Sizes

8.1. Overview
8.2. Organization Sizes Market Forecasts and Analysis
8.3. Smes
8.3.1. Overview
8.3.2. Smes Market Forecast and Analysis
8.4. Large Enterprises
8.4.1. Overview
8.4.2. Large Enterprises Market Forecast and Analysis

9. Security as a Service Market - Revenue and Forecasts to 2028 "" Applications

9.1. Overview
9.2. Applications Market Forecasts and Analysis
9.3. Network Security
9.3.1. Overview
9.3.2. Network Security Market Forecast and Analysis
9.4. Endpoint Security
9.4.1. Overview
9.4.2. Endpoint Security Market Forecast and Analysis
9.5. Application Security
9.5.1. Overview
9.5.2. Application Security Market Forecast and Analysis
9.6. Cloud Security
9.6.1. Overview
9.6.2. Cloud Security Market Forecast and Analysis
9.7. Others
9.7.1. Overview
9.7.2. Others Market Forecast and Analysis

10. Security as a Service Market - Revenue and Forecasts to 2028 "" Verticals

10.1. Overview
10.2. Verticals Market Forecasts and Analysis
10.3. Bfsi
10.3.1. Overview
10.3.2. Bfsi Market Forecast and Analysis
10.4. Government and Defense
10.4.1. Overview
10.4.2. Government and Defense Market Forecast and Analysis
10.5. Retail
10.5.1. Overview
10.5.2. Retail Market Forecast and Analysis
10.6. Healthcare
10.6.1. Overview
10.6.2. Healthcare Market Forecast and Analysis
10.7. It and Telecom
10.7.1. Overview
10.7.2. It and Telecom Market Forecast and Analysis
10.8. Energy and Utilities
10.8.1. Overview
10.8.2. Energy and Utilities Market Forecast and Analysis
10.9. Manufacturing
10.9.1. Overview
10.9.2. Manufacturing Market Forecast and Analysis
10.10. Others
10.10.1. Overview
10.10.2. Others Market Forecast and Analysis

11.Security as a Service Market Revenue and Forecasts to 2028 "" Geographical Analysis

11.1. North America
11.1.1 North America Security as a Service Market Overview
11.1.2 North America Security as a Service Market Forecasts and Analysis
11.1.3 North America Security as a Service Market Forecasts and Analysis - by Components
11.1.4 North America Security as a Service Market Forecasts and Analysis - by Organization Sizes
11.1.5 North America Security as a Service Market Forecasts and Analysis - by Applications
11.1.6 North America Security as a Service Market Forecasts and Analysis - by Verticals
11.1.7 North America Security as a Service Market Forecasts and Analysis - by Countries
11.1.7.1 United States Security as a Service Market
11.1.7.1.1 United States Security as a Service Market by Components
11.1.7.1.2 United States Security as a Service Market by Organization Sizes
11.1.7.1.3 United States Security as a Service Market by Applications
11.1.7.1.4 United States Security as a Service Market by Verticals
11.1.7.2 Canada Security as a Service Market
11.1.7.2.1 Canada Security as a Service Market by Components
11.1.7.2.2 Canada Security as a Service Market by Organization Sizes
11.1.7.2.3 Canada Security as a Service Market by Applications
11.1.7.2.4 Canada Security as a Service Market by Verticals
11.1.7.3 Mexico Security as a Service Market
11.1.7.3.1 Mexico Security as a Service Market by Components
11.1.7.3.2 Mexico Security as a Service Market by Organization Sizes
11.1.7.3.3 Mexico Security as a Service Market by Applications
11.1.7.3.4 Mexico Security as a Service Market by Verticals
11.2. Europe
11.2.1 Europe Security as a Service Market Overview
11.2.2 Europe Security as a Service Market Forecasts and Analysis
11.2.3 Europe Security as a Service Market Forecasts and Analysis - by Components
11.2.4 Europe Security as a Service Market Forecasts and Analysis - by Organization Sizes
11.2.5 Europe Security as a Service Market Forecasts and Analysis - by Applications
11.2.6 Europe Security as a Service Market Forecasts and Analysis - by Verticals
11.2.7 Europe Security as a Service Market Forecasts and Analysis - by Countries
11.2.7.1 Germany Security as a Service Market
11.2.7.1.1 Germany Security as a Service Market by Components
11.2.7.1.2 Germany Security as a Service Market by Organization Sizes
11.2.7.1.3 Germany Security as a Service Market by Applications
11.2.7.1.4 Germany Security as a Service Market by Verticals
11.2.7.2 France Security as a Service Market
11.2.7.2.1 France Security as a Service Market by Components
11.2.7.2.2 France Security as a Service Market by Organization Sizes
11.2.7.2.3 France Security as a Service Market by Applications
11.2.7.2.4 France Security as a Service Market by Verticals
11.2.7.3 Italy Security as a Service Market
11.2.7.3.1 Italy Security as a Service Market by Components
11.2.7.3.2 Italy Security as a Service Market by Organization Sizes
11.2.7.3.3 Italy Security as a Service Market by Applications
11.2.7.3.4 Italy Security as a Service Market by Verticals
11.2.7.4 United Kingdom Security as a Service Market
11.2.7.4.1 United Kingdom Security as a Service Market by Components
11.2.7.4.2 United Kingdom Security as a Service Market by Organization Sizes
11.2.7.4.3 United Kingdom Security as a Service Market by Applications
11.2.7.4.4 United Kingdom Security as a Service Market by Verticals
11.2.7.5 Russia Security as a Service Market
11.2.7.5.1 Russia Security as a Service Market by Components
11.2.7.5.2 Russia Security as a Service Market by Organization Sizes
11.2.7.5.3 Russia Security as a Service Market by Applications
11.2.7.5.4 Russia Security as a Service Market by Verticals
11.2.7.6 Rest of Europe Security as a Service Market
11.2.7.6.1 Rest of Europe Security as a Service Market by Components
11.2.7.6.2 Rest of Europe Security as a Service Market by Organization Sizes
11.2.7.6.3 Rest of Europe Security as a Service Market by Applications
11.2.7.6.4 Rest of Europe Security as a Service Market by Verticals
11.3. Asia-Pacific
11.3.1 Asia-Pacific Security as a Service Market Overview
11.3.2 Asia-Pacific Security as a Service Market Forecasts and Analysis
11.3.3 Asia-Pacific Security as a Service Market Forecasts and Analysis - by Components
11.3.4 Asia-Pacific Security as a Service Market Forecasts and Analysis - by Organization Sizes
11.3.5 Asia-Pacific Security as a Service Market Forecasts and Analysis - by Applications
11.3.6 Asia-Pacific Security as a Service Market Forecasts and Analysis - by Verticals
11.3.7 Asia-Pacific Security as a Service Market Forecasts and Analysis - by Countries
11.3.7.1 Australia Security as a Service Market
11.3.7.1.1 Australia Security as a Service Market by Components
11.3.7.1.2 Australia Security as a Service Market by Organization Sizes
11.3.7.1.3 Australia Security as a Service Market by Applications
11.3.7.1.4 Australia Security as a Service Market by Verticals
11.3.7.2 China Security as a Service Market
11.3.7.2.1 China Security as a Service Market by Components
11.3.7.2.2 China Security as a Service Market by Organization Sizes
11.3.7.2.3 China Security as a Service Market by Applications
11.3.7.2.4 China Security as a Service Market by Verticals
11.3.7.3 India Security as a Service Market
11.3.7.3.1 India Security as a Service Market by Components
11.3.7.3.2 India Security as a Service Market by Organization Sizes
11.3.7.3.3 India Security as a Service Market by Applications
11.3.7.3.4 India Security as a Service Market by Verticals
11.3.7.4 Japan Security as a Service Market
11.3.7.4.1 Japan Security as a Service Market by Components
11.3.7.4.2 Japan Security as a Service Market by Organization Sizes
11.3.7.4.3 Japan Security as a Service Market by Applications
11.3.7.4.4 Japan Security as a Service Market by Verticals
11.3.7.5 South Korea Security as a Service Market
11.3.7.5.1 South Korea Security as a Service Market by Components
11.3.7.5.2 South Korea Security as a Service Market by Organization Sizes
11.3.7.5.3 South Korea Security as a Service Market by Applications
11.3.7.5.4 South Korea Security as a Service Market by Verticals
11.3.7.6 Rest of Asia-Pacific Security as a Service Market
11.3.7.6.1 Rest of Asia-Pacific Security as a Service Market by Components
11.3.7.6.2 Rest of Asia-Pacific Security as a Service Market by Organization Sizes
11.3.7.6.3 Rest of Asia-Pacific Security as a Service Market by Applications
11.3.7.6.4 Rest of Asia-Pacific Security as a Service Market by Verticals
11.4. Middle East and Africa
11.4.1 Middle East and Africa Security as a Service Market Overview
11.4.2 Middle East and Africa Security as a Service Market Forecasts and Analysis
11.4.3 Middle East and Africa Security as a Service Market Forecasts and Analysis - by Components
11.4.4 Middle East and Africa Security as a Service Market Forecasts and Analysis - by Organization Sizes
11.4.5 Middle East and Africa Security as a Service Market Forecasts and Analysis - by Applications
11.4.6 Middle East and Africa Security as a Service Market Forecasts and Analysis - by Verticals
11.4.7 Middle East and Africa Security as a Service Market Forecasts and Analysis - by Countries
11.4.7.1 South Africa Security as a Service Market
11.4.7.1.1 South Africa Security as a Service Market by Components
11.4.7.1.2 South Africa Security as a Service Market by Organization Sizes
11.4.7.1.3 South Africa Security as a Service Market by Applications
11.4.7.1.4 South Africa Security as a Service Market by Verticals
11.4.7.2 Saudi Arabia Security as a Service Market
11.4.7.2.1 Saudi Arabia Security as a Service Market by Components
11.4.7.2.2 Saudi Arabia Security as a Service Market by Organization Sizes
11.4.7.2.3 Saudi Arabia Security as a Service Market by Applications
11.4.7.2.4 Saudi Arabia Security as a Service Market by Verticals
11.4.7.3 U.A.E Security as a Service Market
11.4.7.3.1 U.A.E Security as a Service Market by Components
11.4.7.3.2 U.A.E Security as a Service Market by Organization Sizes
11.4.7.3.3 U.A.E Security as a Service Market by Applications
11.4.7.3.4 U.A.E Security as a Service Market by Verticals
11.4.7.4 Rest of Middle East and Africa Security as a Service Market
11.4.7.4.1 Rest of Middle East and Africa Security as a Service Market by Components
11.4.7.4.2 Rest of Middle East and Africa Security as a Service Market by Organization Sizes
11.4.7.4.3 Rest of Middle East and Africa Security as a Service Market by Applications
11.4.7.4.4 Rest of Middle East and Africa Security as a Service Market by Verticals
11.5. South and Central America
11.5.1 South and Central America Security as a Service Market Overview
11.5.2 South and Central America Security as a Service Market Forecasts and Analysis
11.5.3 South and Central America Security as a Service Market Forecasts and Analysis - by Components
11.5.4 South and Central America Security as a Service Market Forecasts and Analysis - by Organization Sizes
11.5.5 South and Central America Security as a Service Market Forecasts and Analysis - by Applications
11.5.6 South and Central America Security as a Service Market Forecasts and Analysis - by Verticals
11.5.7 South and Central America Security as a Service Market Forecasts and Analysis - by Countries
11.5.7.1 Brazil Security as a Service Market
11.5.7.1.1 Brazil Security as a Service Market by Components
11.5.7.1.2 Brazil Security as a Service Market by Organization Sizes
11.5.7.1.3 Brazil Security as a Service Market by Applications
11.5.7.1.4 Brazil Security as a Service Market by Verticals
11.5.7.2 Argentina Security as a Service Market
11.5.7.2.1 Argentina Security as a Service Market by Components
11.5.7.2.2 Argentina Security as a Service Market by Organization Sizes
11.5.7.2.3 Argentina Security as a Service Market by Applications
11.5.7.2.4 Argentina Security as a Service Market by Verticals
11.5.7.3 Rest of South and Central America Security as a Service Market
11.5.7.3.1 Rest of South and Central America Security as a Service Market by Components
11.5.7.3.2 Rest of South and Central America Security as a Service Market by Organization Sizes
11.5.7.3.3 Rest of South and Central America Security as a Service Market by Applications
11.5.7.3.4 Rest of South and Central America Security as a Service Market by Verticals

12.Industry Landscape

12.1. Mergers and Acquisitions
12.2. Agreements, Collaborations and Join Ventures
12.3. New Product Launches
12.4. Expansions and Other Strategic Developments

13.Security as a Service Market, Key Company Profiles

13.1. Alert Logic, Inc.
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. Barracuda Networks, Inc.
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. Clearswift
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. Cygilant, Inc.
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. Ibm
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. Mcafee, LLC
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. Microsoft
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. Radware
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. Trend Micro Incorporated.
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. Zscaler, Inc.
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments

14. Appendix

14.1. About the Publisher
14.2. Glossary of Terms

Samples

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Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

Alert Logic, Inc.
Barracuda Networks, Inc.
IBM Corporation
McAfee LLC
Microsoft Corporation
Radware
Trend Micro Incorporated
Clearswift
Silversky
Zscaler, Inc.

Table Information

Report Attribute	Details
No. of Pages	177
Published	June 2022
Forecast Period	2022 - 2028
Estimated Market Value ( USD ) in 2022	$ 918.98 Million
Forecasted Market Value ( USD ) by 2028	$ 1309.91 Million
Compound Annual Growth Rate	6.1%
Regions Covered	Global

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Impact of COVID-19 Pandemic on Security as a Service Market Growth

Table of Contents

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Companies Mentioned (Partial List)

Table Information

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