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Security as a Service Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview: 

The global security as a service market reached a value of US$ 12.64 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 30.17 Billion by 2027, exhibiting a growth rate (CAGR) of 15.10% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

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. 

 

 
 

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Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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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:

IMARC Group provides an analysis of the key trends in each sub-segment of the global security as a service market, along with forecasts at the global, regional and country level from 2022-2027. 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:

 

 
 

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Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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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:

 

 
 

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  • 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Component, Organization Size, Application, Vertical, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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$), 2016-2021
Figure 3: Global: Security as a Service Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Security as a Service Market: Breakup by Component (in %), 2021
Figure 5: Global: Security as a Service Market: Breakup by Organization Size (in %), 2021
Figure 6: Global: Security as a Service Market: Breakup by Application (in %), 2021
Figure 7: Global: Security as a Service Market: Breakup by Vertical (in %), 2021
Figure 8: Global: Security as a Service Market: Breakup by Region (in %), 2021
Figure 9: Global: Security as a Service (Solution) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Security as a Service (Solution) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Security as a Service (Services) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Security as a Service (Services) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Security as a Service (Small and Medium-sized Enterprises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Security as a Service (Small and Medium-sized Enterprises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Security as a Service (Large Enterprises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Security as a Service (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Security as a Service (Network Security) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Security as a Service (Network Security) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Security as a Service (Endpoint Security) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Security as a Service (Endpoint Security) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Security as a Service (Application Security) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Security as a Service (Application Security) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Security as a Service (Cloud Security) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Security as a Service (Cloud Security) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Security as a Service (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Security as a Service (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Security as a Service (BFSI) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Security as a Service (BFSI) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Security as a Service (Government and Defense) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Security as a Service (Government and Defense) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Security as a Service (Retail and E-Commerce) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Security as a Service (Retail and E-Commerce) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Security as a Service (Healthcare and Life Sciences) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Security as a Service (Healthcare and Life Sciences) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Global: Security as a Service (IT and Telecom) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Global: Security as a Service (IT and Telecom) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Global: Security as a Service (Energy and Utilities) Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Global: Security as a Service (Energy and Utilities) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Global: Security as a Service (Manufacturing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Global: Security as a Service (Manufacturing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Global: Security as a Service (Other Verticals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Global: Security as a Service (Other Verticals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: North America: Security as a Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: North America: Security as a Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: United States: Security as a Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: United States: Security as a Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Canada: Security as a Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Canada: Security as a Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Asia-Pacific: Security as a Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Asia-Pacific: Security as a Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: China: Security as a Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: China: Security as a Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Japan: Security as a Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Japan: Security as a Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: India: Security as a Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: India: Security as a Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: South Korea: Security as a Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: South Korea: Security as a Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Australia: Security as a Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Australia: Security as a Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Indonesia: Security as a Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Indonesia: Security as a Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Others: Security as a Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Others: Security as a Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Europe: Security as a Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Europe: Security as a Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Germany: Security as a Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Germany: Security as a Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: France: Security as a Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: France: Security as a Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: United Kingdom: Security as a Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: United Kingdom: Security as a Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Italy: Security as a Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Italy: Security as a Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Spain: Security as a Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Spain: Security as a Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Russia: Security as a Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Russia: Security as a Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Others: Security as a Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Others: Security as a Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Latin America: Security as a Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Latin America: Security as a Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Brazil: Security as a Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 84: Brazil: Security as a Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 85: Mexico: Security as a Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 86: Mexico: Security as a Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 87: Others: Security as a Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 88: Others: Security as a Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 89: Middle East and Africa: Security as a Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 90: Middle East and Africa: Security as a Service Market: Breakup by Country (in %), 2021
Figure 91: Middle East and Africa: Security as a Service Market Forecast: Sales Value (in Million US$), 2022-2027
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, 2021 and 2027
Table 2: Global: Security as a Service Market Forecast: Breakup by Component (in Million US$), 2022-2027
Table 3: Global: Security as a Service Market Forecast: Breakup by Organization Size (in Million US$), 2022-2027
Table 4: Global: Security as a Service Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: Security as a Service Market Forecast: Breakup by Vertical (in Million US$), 2022-2027
Table 6: Global: Security as a Service Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Security as a Service Market: Competitive Structure
Table 8: Global: Security as a Service Market: Key Players


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Key Questions Answered in This Report

The global security as a service market was valued at US$ 12.64 Billion in 2021.

We expect the global security as a service market to exhibit a CAGR of 15.10% during 2022-2027.

The escalating demand for cloud-based cybersecurity solutions for providing higher security expertise and enhancing protection against online threats, such as data breaches and identity thefts, is primarily driving the global security as a service market.

The sudden outbreak of the COVID-19 pandemic has led to the increasing adoption of security as a service solutions, owing to the high risk of data vulnerability on account of the deployment of Work-From-Home (WFH) and Bring Your Own Device (BYOD) models by numerous organizations.

Based on the component, the global security as a service market has been divided into solution and services. Currently, solution exhibits a clear dominance in the market.

Based on the organization size, the global security as a service market can be categorized into small and medium-sized enterprises and large enterprises, where large enterprises hold the majority of the global market share.

Based on the application, the global security as a service market has been segmented into network security, endpoint security, application security, cloud security, and others. Among these, network security represents the largest market share.

Based on the vertical, the global security as a service market can be bifurcated into BFSI, government and defense, retail and e-commerce, healthcare and life sciences, IT and telecom, energy and utilities,
manufacturing, and others. Currently, the BFSI sector accounts for the majority of the total market share.

On a regional level, the market has been classified into North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America, where North America currently dominates the global market.

Some of the major players in the global security as a service market include 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.

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