Global Security as a Service Market
Report Highlights
The Global Security as a Service Market was valued at USD 4.23 billion in 2016 and is projected to reach USD 26.58 billion by 2025, growing at a CAGR of 22.65% from 2017 to 2025.
Security as a service (SaaS) is a business model in which a service provider integrates their security services into a corporate infrastructure on a subscription basis. Security-as-a-Service involves applications such as anti-virus software delivered over the Internet but the term can also refer to security management provided in-house by an external organization. Security-as-a-Service offers a number of benefits, including – faster user provisioning, greater security expertise, constant virus definition updates, access to advanced security tools, and data loss protection.
Market Dynamics:
1. Market Drivers
1.1 Increasing BYOD trend among organizations
1.2 Adoption of managed security services
1.3 Growing demand for advanced security solutions
1.4 Costly on-premise security solutions
1.5 Increasing demand for cloud-based security solutions
2. Market Restraints
2.1 Free security solution alternatives available
2.2 Increasing cyber threats
Market Segmentation:
The Global Security as a Service Market is segmented on the application area, component, organization size, vertical, and region.
1. By Application Area:
1.1 Web Security
1.2 Database Cloud Security
1.3 Network Security
1.4 Email Security
2. By Component:
2.1 Solution
2.1.1 Endpoint Protection
2.1.2 SIEM
2.1.3 Intrusion Detection and Prevention Systems
2.1.4 DLP
2.1.5 Email Encryption
2.1.6 Identity and Access Management (IAM)
2.2 Service
2.2.1 Training and Education
2.2.2 Consulting
3. Organization Size:
3.1 Large Enterprises
3.2 Small and Medium Organizations
4. By Vertical:
4.1 Healthcare
4.2 Government and Defense
4.3 IT and Telecom
4.4 Banking, Financial Services, and Insurance (BFSI)
4.5 Retail
4.6 Oil and Gas
4.7 Others
5. By Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. Fortinet, Inc.
2. Radware Ltd
3. Cisco Systems, Inc.
4. Alert Logic, Inc.
5. Trend Micro
6. Zscaler, Inc.
7. McAfee (Intel Security)
8. Ciphercloud
9. Symantec Corporation
10. Panda Security
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global Security as a Service Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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