Security as a Service Market (SECaaS) - By Type of Solution, Organization Size, and Geography - Trends and Forecasts (2017 - 2022)

  • ID: 4745422
  • Report
  • 119 pages
  • Mordor Intelligence
UP TO OFF
until Mar 31st 2019
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The Security as a Service (SECaaS) Market was valued at USD 5,950 million in 2017, and it is expected to reach a value of USD 14,555 million by 2023, at a CAGR of 16.3% over the forecast period (2018-2023). The market is projected to witness a CAGR of 21.11% over the forecast period. Increasing dependence on advanced security, a growth of the BYOD initiative among organizations, and rise in the demand for cloud-based security are set to boost the growth of the global SECaaS market.

Globally, new and sophisticated threats (Trojans, zero-day malware, and advanced persistent threats), which can put an organization’s critical data at risk, are increasing significantly owing to rapidly growing infrastructure. These attacks have encouraged organizations to use could-based security solutions to safeguard their cloud, networks, and endpoints against potential cyber-attacks. Furthermore, major organizations are advancing to shift from traditional security to cutting-edge security to protect the critical assets from potential threats. Cloud-based security deals with advanced security measures, securing an organization’s hardware, software, network, applications, as well as endpoint devices.

IT & Telecom industry set ot witness a high adoption rate

The adoption of SECaaS is increasing in the IT & telecom industry, owing to the growing usage of internet and evolution of IT security regulations. These factors are compelling enterprises to adopt network security and other security solutions. In some regions, the growth in the economy has led to increasing amount of investment in IT services. The IT and telecom sector is aggressively adopting cloud-based technologies to increase collaboration, improve business process flexibility, and reduce capital expenditure and automation of software, thus, boosting the adoption rate of SECaaS.

Asia-Pacific set to witness the fastest growth rate

Asia-Pacific allows for potential growth opportunities for the SECaaS market, as countries in this region are investing significantly to increase the development of data loss prevention, intrusion detection systems, and endpoint security solutions. This, coupled with the growing cloud infrastructure and established IT industry, is set to augment the adoption of SECaaS during the forecast period.

Major Players: Barracuda Networks Inc., Dell Inc., IBM Corporation, Proofpoint,Inc., Sophos PLC, Trend Micro Incorporated, Websense Inc, ZSCaler Inc, McAfee (Intel), Cisco Systems Inc., Symantec Corporation, and Qualys, Inc., among others.

The report on Global SECaaS market covers the following:
  • Market Trends & Dynamics
  • Latest News & developments
  • Porter’s Five Forces Analysis
  • Investment Scope
  • Deep-Dive Insights
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1. Introduction
1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Market Definitions

2. Research Approach and Methodology
2.1 Analysis Methodology
2.2 Study Phases

3. Executive Summary

4. Market Dynamics
4.1 Market Overview
4.2 Introduction to Drivers and Restraints
4.3 Market Drivers
4.4 Market Challenges
4.5 Porter’s Five Forces Analysis

5. Segmentation By Type of Solution
5.1 Identity and Access Management
5.2 Secure Email Gateway
5.3 Secure Web Gateway
5.4 Vulnerability Management
5.5 Security Information and Event Management (SIEM)
5.6 Application Security Testing
5.7 Others

6. Segmentation By Size of Organization
6.1 Small and Medium Enterprises (SMES)
6.2 Large Enterprises

7. Segmentation By Geography
7.1 North America
7.2 Europe
7.3 Asia-Pacific
7.4 Latin America
7.5 Middle East & Africa

8. Competitive Intelligence
8.1 Barracuda Networks Inc.
8.2 Dell Inc.
8.3 IBM Corporation
8.4 Proofpoint,Inc.
8.5 Sophos Plc
8.6 Trend Micro Incorporated
8.7 Websense Inc
8.8 ZSCaler Inc
8.9 McAfee (Intel)
8.10 Cisco Systems Inc.
8.11 Symantec Corporation
8.12 Qualys, Inc.

9. Investment Analysis

10. Future of the Market
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