Security as a Service Market

Security as a Service Market by Component (Solutions and Services), Application Area (Network Security, Endpoint Security, Application Security, Cloud Security), Organization Size, Vertical, and Region - Global Forecast to 2023

Report Code: TC 4071 Feb, 2019, by marketsandmarkets.com

[158 Pages Report] The security as a service market is expected to grow from USD 7.6 billion in 2018 to USD 16.5 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 16.9% during the forecast period. The mandate to follow regulatory and data protection laws, high cost and risks in managing on-premises security solutions, and increase in demand for cloud-based security solutions are the main drivers of the market.

The security as a service market is segmented by component (solutions and services), application area, organization size, vertical, and region. The market by solution includes business continuity and disaster recovery, continuous monitoring, Data Loss Prevention (DLP), encryption, Identity and Access Management (IAM), intrusion management, Security Information and Event Management (SIEM), vulnerability scanning, and others. The SIEM segment in the security as a service market is expected to have the largest market size, during the forecast period. The market for services segment is growing as the individuals, Small and Medium-sized Enterprises (SMEs), and large enterprises are concerned about securing access to their network, endpoint, cloud, and applications. The support and maintenance services segment is expected to have the highest market share due to the need to solve any technical issue and avoid breakdown time.

The security as a service market study aims at estimating the market size and future growth potential of the market across segments, such as components (solutions and services), application areas, organization sizes, verticals, and regions.

Security as a Service Market

To know about the assumptions considered for the study, download the pdf brochure

The network security segment is estimated to constitute the largest market size during the forecast period

Network security is a proactive technique for securing a network from advanced threats by collecting and analyzing different types of network security event information. With the increasing threat landscape, the demand for cloud-based security solutions for network security is increasing. It protects the network by restricting the device management accessibility to terminals, authorized services, management ports, and protocols. Organizations adopt a series of policies and cybersecurity cloud services to prevent unauthorized access and misuse of networking resources.

The SMEs segment is expected to grow at the highest CAGR during the forecast period

The SMEs segment is expected to grow at the highest CAGR during the forecast period, owing to the increasing incidence of cyber-attacks on these enterprises. SMEs are small in terms of their size but cater to a large number of customers globally. Robust and comprehensive security solutions are not implemented in SMEs, due to financial constraints in these organizations. However, the large enterprises segment accounts for the highest share of the security as a service market in 2018.

Security as a service solutions and services have been deployed across various industry verticals, including Banking, Financial Services, and Insurance (BFSI); government and defense; retail; healthcare; IT and telecom; energy and utilities; manufacturing; and others. The retail vertical is expected to grow at the highest CAGR during the forecast period while the BFSI vertical is estimated to have the largest market size in 2018.

Security as a Service Market

North America is expected to account for the largest market size during the forecast period

The global market has been segmented on the basis of regions into North America, Europe, APAC, MEA, and Latin America to provide a region-specific analysis in the report. The North American region, followed by Europe, is expected to become the largest revenue-generating region for security as a service market solution and service vendors in 2018. Increasing Internet of Things (IoT), cloud adoption, and Bring Your Own Device (BYOD) trend and growing internal and external threats are some of the key factors expected to fuel the growth of the market in North America. The APAC security as a service market is gaining traction as the solutions provide proactive security measures against evolving cyber-attacks. SMEs as well as large-scale organizations in the APAC region have become more aware of the increasing cybercrimes and have started adopting security as service solutions and services to combat them.

Major vendors that offer security services across the globe are McAfee (US), Trend Micro (Japan), Zscaler (US), International Business Machines Corporation (US), Microsoft (US), Clearswift (UK), Alert Logic (US) Cygilant (US), Barracuda Networks (US), Panda Security (Spain), Stratejm (Canada), Radware (China), Mindsight (US), Sentinel Technologies (US), and Happiest Minds (India). These vendors have adopted different types of organic and inorganic growth strategies, such as new product launches, partnerships and collaborations, and acquisitions, to expand their offerings in the security as a service market.

McAfee is one of the leading operators of the world’s largest global market that helps secure its large customer base from Advanced Persistent Threats (APTs) and vulnerabilities. Its key strategy in the market is to develop business-specific solutions and services according to the current scenario of evolving vulnerabilities. It plans to develop new business models and integrate multi-application solutions as a part of its future strategy. Similarly, Trend Micro, another leading security as a service solutions provider, has implemented various strategies to deliver cutting-edge security service to global organizations. Various organic and inorganic growth strategies are helping the security as a service vendors to stay ahead in the global market.

Scope Of The Security as a Service Market Research Report

Report Metrics

Details

Market size available for years

2016–2023

Base year considered

2017

Forecast period

2018–2023

Forecast units

Million (USD)

Segments covered

Components, Application Areas, Organization Size, Verticals, and Regions

Regions covered

North America, APAC, Europe, MEA, and Latin America

Companies covered

McAfee (US), Trend Micro (Japan), Zscaler  (US), International Business Machines Corporation (US), Microsoft (US), Clearswift (UK), Alert Logic (US) Cygilant (US), Barracuda Networks (US), Panda Security (Spain), Stratejm (Canada), Radware (China), Mindsight (US), Sentinel Technologies (US), and Happiest Minds (India).

This research report categorizes the market based on components, application areas, organization size, verticals, and regions.

Based on Components, the security as a service market has been segmented as follows:

  • Solution
    • Business Continuity and Disaster Recovery
    • Continuous Monitoring
    • Data Loss Prevention
    • Encryption
    • Identity and Access Management
    • Intrusion Management
    • Security Information and Event Management
    • Vulnerability Scanning
    • Others (Security Assessment, DDoS mitigation, and Firewall Services)
  • Services
    • Training and Education
    • Consulting
    • Support and Maintenance

Based on Application areas, the security as a service market has been segmented as follows:

  • Network Security
  • Endpoint Security
  • Application Security
  • Cloud Security
  • Others (Email security, Web Security, and Database Security)

Based on organization sizes, the market has been segmented as follows

  • SMEs
  • Large Enterprises

Based on verticals, the security as a service market has been segmented as follows:

  • Banking, Financial Services and Insurance,
  • Government and Defense
  • Retail
  • Healthcare
  • IT and Telecom
  • Energy and Utilities
  • Manufacturing and Others (Travel and Hospitality, Education and Media and Entertainment)

Based on regions, the market has been segmented as follows:

  • North America
    • US
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • Australia and New Zealand (ANZ)
    • India
    • Rest of APAC
  • MEA
    • Middle East
    • Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America

Recent Developments:

  • In October 2018, IBM launched a new cloud-based community platform, IBM Security Connect, for cybersecurity applications. This AI and ML-based platform is used to help the security teams to identify threats or risks, and improve the efficacy and efficiency of threat detection and response.
  • In October 2018, Zscaler enhanced its Cloud DLP service with inline Exact Data Match (EDM) and native Secure Socket Layer (SSL) inspection. This enhancement would help customers protect their sensitive information against the loss while reducing the number of false positives to near zero.
  • In April 2018, McAfee partnered with Netmagic to offer malware protection services to its Indian customers. These services would provide next-generation server security on a pay-per-use basis to customers of Netmagic through Netmagic’s cloud services.

Key questions addressed by the security as a service market report:

  • Define, describe, and forecast the market based on components (solutions and services), application areas, organization sizes, verticals, and regions
  • Detailed analysis of the market’s subsegments with respect to individual growth trends, prospects, and contributors to the total market 
  • Revenue forecast of the market’s segments with respect to 5 major regions, namely, North America, Europe, APAC, MEA, and Latin America
  • Detailed analysis of the competitive developments, such as mergers and acquisitions, new product developments, and business expansion activities, in the market

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 18)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Segmentation
    1.4 Regions Covered
    1.5 Years Considered for the Study
    1.6 Currency Considered
    1.7 Stakeholders

2 Research Methodology (Page No. - 22)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Breakup of Primary Profiles
                    2.1.2.2 Key Industry Insights
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Forecast
    2.4 Assumptions for the Study
           2.4.1 Limitations of the Study

3 Executive Summary (Page No. - 30)

4 Premium Insights (Page No. - 34)
    4.1 Attractive Market Opportunities in the Security as a Service Market
    4.2 Market By Solution, 2018–2023
    4.3 Market By Service, 2018–2023
    4.4 Market Market Share of Top 3 Solutions and Regions, 2018
    4.5 Market By Organization Size, 2018
    4.6 Market Top 3 Verticals
    4.7 Market Investment Scenario

5 Market Overview and Industry Trends (Page No. - 38)
    5.1 Introduction
    5.2 Regulatory Implications
    5.3 Innovation Spotlight
           5.3.1 Sentinel Technologies
           5.3.2 Mindsight
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Mandate to Follow Regulatory and Data Protection Laws
                    5.4.1.2 Increase in Demand for Cloud-Based Security Solutions
                    5.4.1.3 High Cost and Risks in Managing On-Premises Security Solutions
           5.4.2 Restraints
                    5.4.2.1 Organizations’ Doubts About Cloud-Based Security
                    5.4.2.2 Availability of Free Security Services and Security Solution Suites
           5.4.3 Opportunities
                    5.4.3.1 Increase in Adoption of Cloud-Based Services Among SMEs
                    5.4.3.2 Rapid Growth in Bring Your Own Device and Carry Your Own Device Trends
                    5.4.3.3 Lack of Skilled IT Security Professionals
           5.4.4 Challenges
                    5.4.4.1 Rise in IT Infrastructure Complexities
    5.5 Use Cases
           5.5.1 Adoption of Security as a Service Market for Mitigating Internal and External Cyber Threats
           5.5.2 Adoption of Security as a Service Among Leading Energy and Utilities Companies
           5.5.3 Dependence of A Leading IT and Telecom Company on Distributed Denial of Service Protection and Mitigation Solutions and Services
    5.6 Security Service Architecture
    5.7 Best Practices in Security Services Space

6 Security as a Service Market By Component (Page No. - 48)
    6.1 Introduction
    6.2 Solutions
           6.2.1 High Demand for Solutions in Asia Pacific to Drive the Market Growth
    6.3 Services
           6.3.1 Growing Demand for Services in North America to Drive the Market Size During the Forecast Period

7 Market By Solution (Page No. - 52)
    7.1 Introduction
    7.2 Business Continuity and Disaster Management
           7.2.1 Growing Need to Limit Risks and Minimize Time to Recover From Cyber-Attacks to Drive the Adoption of Business Continuity and Disaster Management
    7.3 Continuous Monitoring
           7.3.1 Focus on Transforming the Static Traditional Model to Dynamic Real-Time Model to Fuel the Growth for Continuous Monitoring
    7.4 Data Loss Prevention
           7.4.1 Rising Data Breaches Caused By Adversaries Nation Wide to Force Enterprises to Adopt Data Loss Prevention Solutions
    7.5 Encryption
           7.5.1 Enterprises to Focus on Deploying Encryption Techniques to Maintain Confidentiality, Integrity, and Non-Repudiation of Data
    7.6 Identity and Access Management
           7.6.1 Ease of Integration of Identity and Access Management Solutions With Organizations’ Existing Applications to Provide Centralized Visibility and Control of User Access
    7.7 Intrusion Management
           7.7.1 Increase in the Demand for Real-Time Security Monitoring Solutions to Drive the Growth of Intrusion Management Solutions
    7.8 Security Information and Event Management
           7.8.1 Focus on Detecting Dormant Malware Attack to Drive the Growth for Security Information and Event Management Solutions
    7.9 Vulnerability Scanning
           7.9.1 Growing Need for Vulnerability Scanning to Identity Gaps and Risks in an Enterprises Security Posture
    7.10 Others

8 Security as a Service Market By Service (Page No. - 64)
    8.1 Introduction
    8.2 Training and Education
           8.2.1 Technological Obsolescence Led to the Growth of Training and Education Services
    8.3 Consulting
           8.3.1 Rising Need Among Enterprises for Highly Qualified Industry Experts Led to Increased Popularity of Consulting Services
    8.4 Support and Maintenance
           8.4.1 Assistance Required for Continuous Upgradation of Security Solutions to Force Enterprises Adopt Support and Maintenance Services

9 Market By Application Area (Page No. - 69)
    9.1 Introduction
    9.2 Network Security
           9.2.1 Preventing Networking Assets From Advanced Threats Led to the Adoption of Network Security Strategies Among Organizations
    9.3 Endpoint Security
           9.3.1 Rising Byod and Cyod Trends to Force Organizations Implement Endpoint Security Services
    9.4 Application Security
           9.4.1 Rising Application-Based Attacks to Drive the Growth of Application Security
    9.5 Cloud Security
           9.5.1 Rising Migration of Sensitive Data to Cloud to Fuel the Growth for Cloud Security Services
    9.6 Others

10 Security as a Service Market By Organization Size (Page No. - 76)
     10.1 Introduction
     10.2 Small and Medium Enterprises
             10.2.1 Small and Medium-Sized Enterprises to Drive the Adoption of Cloud-Based Security Services
     10.3 Large Enterprises
             10.3.1 Need to Manage Huge Volumes of Business Critical Information to Boost the Adoption of Security as a Service Among Large Enterprises

11 Market By Vertical (Page No. - 80)
     11.1 Introduction
     11.2 Banking, Financial Services, and Insurance
             11.2.1 Security as a Service Solutions to Help BFSI Organizations Adhere to Stringent Regulatory Compliances for Enhancing Their Cloud-Based Applications and Platforms
     11.3 Government and Defense
             11.3.1 Government Vertical to Show Increasing Deployment of Security as a Service Solutions to Protect Sensitive Data of Citizens, as Well as Organizations, on Cloud Platforms
     11.4 Retail
             11.4.1 Growing Need to Adhere to PCI DSS and GDPR Compliance in the Advent of Growing Cloud-Based Applications to the Growth of  Security as a Service Market in Retail Vertical
     11.5 Healthcare
             11.5.1 Growing Threats on Network and Endpoints and Need to Comply to HIPAA to Increase the Adoption of Security as a Service Solutions in Healthcare Vertical
     11.6 IT and Telecom
             11.6.1 Increasing Demand for Web, Mobile, and Cloud-Based Applications to Drive the Demand for Security as a Service Solutions in IT and Telecom Vertical
     11.7 Energy and Utilities
             11.7.1 Demand for IoT and Cloud-Based Applications to Spur the Demand for Security as a Service Solutions in Energy and Utilities Vertical
     11.8 Manufacturing
             11.8.1 Harnessing of Machine-To-Machine Systems, Mobile Apps, IoT, and Cloud-Based Services to Fuel the Growth of Security as a Service Solutions in Manufacturing Vertical
     11.9 Others

12 Security as a Service Market By Region (Page No. - 91)
     12.1 Introduction
     12.2 North America
             12.2.1 United States
                        12.2.1.1 High Regulatory Standards and A Large Number of Vendors to Contribute to the Growth of Security as a Service Solutions in the US
             12.2.2 Canada
                        12.2.2.1 Increasing Migration Toward Cloud-Based Technologies to Drive the Growth of Security as a Service Solutions in Canada
     12.3 Europe
             12.3.1 United Kingdom
                        12.3.1.1 Increasing Focus to Avert Cyber Attacks to Increase the Demand for Security as a Service Solutions in the Uk
             12.3.2 Germany
                        12.3.2.1 Demand for Cloud-Based Services to Increase the Need for Security  Service Solutions in Germany Organizations
             12.3.3 France
                        12.3.3.1 Increasing French Government Spending on Cloud Technologies to Fuel the Growth of Security as a Service Market
             12.3.4 Rest of Europe
     12.4 Asia Pacific
             12.4.1 China
                        12.4.1.1 Increasing Deployment of Cloud-Based Applications and Rising Cyber Attacks to Enhance the Growth of Chinese Security  Solutions Industry
             12.4.2 Australia and New Zealand
                        12.4.2.1 Rising Demand for Online Transactions Over Cloud-Based Platforms to Spur the Demand for Security  Solutions in Australia and New Zealand
             12.4.3 India
                        12.4.3.1 Huge Adoption of Cloud and Mobile Applications By SMEs to Contribute to the Growth of Security as a Service Solutions in India
             12.4.4 Rest of Asia Pacific
     12.5 Middle East and Africa
             12.5.1 Middle East
                        12.5.1.1 Increasing Deployment of Cloud Technologies for Core Business Functions to Project the Growth of the Security as a Service Market in the Middle East
             12.5.2 Africa
                        12.5.2.1 Communications Service Providers Continued Focus Toward Cloud Technologies to Boost the Growth of the Market
     12.6 Latin America
             12.6.1 Brazil
                        12.6.1.1 Need to Secure Software as a Service Applications for Enterprise Resource Planning to Drive the Growth of Security as a Service Solutions in Brazil
             12.6.2 Mexico
                        12.6.2.1 Focus of Mexican Government Toward Egovernance Using Cloud Technologies to Drive the Demand for Security as a Service Solutions in Mexico
             12.6.3 Rest of Latin America

13 Competitive Landscape (Page No. - 119)
     13.1 Start-Up Micro Quadrant
             13.1.1 Progressive Companies
             13.1.2 Responsive Companies
             13.1.3 Dynamic Companies
             13.1.4 Starting Blocks
     13.2 Competitive Scenario
             13.2.1 Partnerships, Agreements, and Collaborations
             13.2.2 New Product Launches/Product Enhancements
             13.2.3 Mergers and Acquisitions
             13.2.4 Business Expansions

14 Company Profiles (Page No. - 125)
     14.1 Introduction
(Business Overview, Products Offered, Recent Developments, MnM View, SWOT Analysis)*
     14.2 Mcafee
     14.3 Trend Micro
     14.4 IBM
     14.5 Microsoft
     14.6 Zscaler
     14.7 Clearswift
     14.8 Alert Logic
     14.9 Cygilant
     14.10 Barracuda Networks
     14.11 Panda Security
     14.12 Stratejm
     14.13 Radware
     14.14 Mindsight
     14.15 Sentinel Technologies
     14.16 Happiest Minds

*Business Overview, Products Offered, Recent Developments, MnM View, SWOT Analysis Might Not Be Captured in Case of Unlisted Companies.

15 Appendix (Page No. - 151)
     15.1 Discussion Guide
     15.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     15.3 Available Customizations
     15.4 Related Reports
     15.5 Author Details


List of Tables (78 Tables)

Table 1 United States Dollar Exchange Rate, 2015–2017
Table 2 Security as a Service Market Size and Growth, 2016–2023 (USD Million, Y-O-Y %)
Table 3 Security as a Service: Best Practices
Table 4 Market Size By Component, 2016–2023 (USD Million)
Table 5 Solutions: Market Size By Region, 2016–2023 (USD Million)
Table 6 Services: Market Size By Region, 2016–2023 (USD Million)
Table 7 Market Size, By Solution, 2016–2023 (USD Million)
Table 8 Business Continuity and Disaster Management: Market Size By Region, 2016–2023 (USD Million)
Table 9 Continuous Monitoring: Market Size By Region, 2016–2023 (USD Million)
Table 10 Data Loss Prevention: Market Size By Region, 2016–2023 (USD Million)
Table 11 Encryption: Security as a Service Market Size, By Region, 2016–2023 (USD Million)
Table 12 Identity and Access Management: Market Size By Region, 2016–2023 (USD Million)
Table 13 Intrusion Management: Market Size By Region, 2016–2023 (USD Million)
Table 14 Security Information and Event Management: Market Size By Region, 2016–2023 (USD Million)
Table 15 Vulnerability Scanning: Market Size By Region, 2016–2023 (USD Million)
Table 16 Others: Market Size By Region, 2016–2023 (USD Million)
Table 17 Market Size, By Service, 2016–2023 (USD Million)
Table 18 Training and Education Market Size, By Region, 2016–2023 (USD Million)
Table 19 Consulting Market Size, By Region, 2016–2023 (USD Million)
Table 20 Support and Maintenance Market Size, By Region, 2016–2023 (USD Million)
Table 21 Market Size, By Application Area, 2016–2023 (USD Million)
Table 22 Network Security: Market Size By Region, 2016–2023 (USD Million)
Table 23 Endpoint Security: Market Size By Region, 2016–2023 (USD Million)
Table 24 Application Security: Market Size By Region, 2016–2023 (USD Million)
Table 25 Cloud Security: Market Size By Region, 2016–2023 (USD Million)
Table 26 Others: Market Size By Region, 2016–2023 (USD Million)
Table 27 Security as a Service Market Size, By Organization Size, 2016–2023 (USD Million)
Table 28 Small and Medium Enterprises: Market Size By Region, 2016–2023 (USD Million)
Table 29 Large Enterprises: Market Size By Region, 2016–2023 (USD Million)
Table 30 Market Size By Vertical, 2016–2023 (USD Million)
Table 31 Banking, Financial Services, and Insurance: Market Size By Region, 2016–2023 (USD Million)
Table 32 Government and Defense: Market Size By Region, 2016–2023 (USD Million)
Table 33 Retail: Market Size By Region, 2016–2023 (USD Million)
Table 34 Healthcare: Market Size By Region, 2016–2023 (USD Million)
Table 35 IT and Telecom: Market Size By Region, 2016–2023 (USD Million)
Table 36 Energy and Utilities: Market Size By Region, 2016–2023 (USD Million)
Table 37 Manufacturing: Market Size By Region, 2016–2023 (USD Million)
Table 38 Others: Market Size By Region, 2016–2023 (USD Million)
Table 39 Security as a Service Market Size, By Region, 2016–2023 (USD Million)
Table 40 North America: Market Size By Component, 2016–2023 (USD Million)
Table 41 North America: Market Size By Solution, 2016–2023 (USD Million)
Table 42 North America: Market Size By Service, 2016–2023 (USD Million)
Table 43 North America: Market Size By Application Area, 2018–2023 (USD Million)
Table 44 North America: Market Size By Organization Size, 2016–2023 (USD Million)
Table 45 North America: Market Size By Vertical, 2016–2023 (USD Million)
Table 46 North America: Market Size By Country, 2016–2023 (USD Million)
Table 47 Europe: Security as a Service Market Size, By Component, 2016–2023 (USD Million)
Table 48 Europe: Market Size By Solution, 2016–2023 (USD Million)
Table 49 Europe: Market Size By Service, 2016–2023 (USD Million)
Table 50 Europe: Market Size By Application Area, 2016–2023 (USD Million)
Table 51 Europe: Market Size By Organization Size, 2016–2023 (USD Million)
Table 52 Europe: Market Size By Vertical, 2016–2023 (USD Million)
Table 53 Europe: Market Size By Country, 2016–2023 (USD Million)
Table 54 Asia Pacific: Security as a Service Market Size, By Component, 2016–2023 (USD Million)
Table 55 Asia Pacific: Market Size By Solution, 2016–2023 (USD Million)
Table 56 Asia Pacific: Market Size By Service, 2016–2023 (USD Million)
Table 57 Asia Pacific: Market Size By Application Area, 2016–2023 (USD Million)
Table 58 Asia Pacific: Market Size By Organization Size, 2016–2023 (USD Million)
Table 59 Asia Pacific: Market Size By Vertical, 2016–2023 (USD Million)
Table 60 Asia Pacific: Market Size By Country, 2016–2023 (USD Million)
Table 61 Middle East and Africa: Security as a Service Market Size, By Component, 2016–2023 (USD Million)
Table 62 Middle East and Africa: Market Size By Solution, 2016–2023 (USD Million)
Table 63 Middle East and Africa: Market Size By Service, 2016–2023 (USD Million)
Table 64 Middle East and Africa: Market Size By Application Area, 2016–2023 (USD Million)
Table 65 Middle East and Africa: Market Size By Organization Size, 2016–2023 (USD Million)
Table 66 Middle East and Africa: Market Size By Vertical, 2016–2023 (USD Million)
Table 67 Middle East and Africa: Market Size By Sub-Region, 2016–2023 (USD Million)
Table 68 Latin America: Market Size By Component, 2016–2023 (USD Million)
Table 69 Middle East and Africa: Security as a Service Market Size, By Solution, 2016–2023 (USD Million)
Table 70 Latin America: Market Size By Service, 2016–2023 (USD Million)
Table 71 Latin America: Market Size By Application Area, 2016–2023 (USD Million)
Table 72 Latin America: Market Size By Organization Size, 2016–2023 (USD Million)
Table 73 Latin America: Market Size By Vertical, 2016–2023 (USD Million)
Table 74 Latin America: Market Size By Country, 2016–2023 (USD Million)
Table 75 Partnerships, Agreements, and Collaborations, 2017–2018
Table 76 New Product Launches/Product Enhancements, 2017–2018
Table 77 Mergers and Acquisitions, 2016–2018
Table 78 Business Expansions, 2016


List of Figures (36 Figures)

Figure 1 Security as a Service Market: Research Design
Figure 2 Data Triangulation
Figure 3 Factor Analysis
Figure 4 Services Segment to Grow at A Higher CAGR During the Forecast Period
Figure 5 North America to Hold the Highest Market Share in 2018
Figure 6 Fastest-Growing Segments of the Market
Figure 7 Increasing Cyber-Attacks, Stringent Regulations, and Increased Cloud Adoption to Drive the Deployment of Security as a Service Solutions in Various Verticals and Regions
Figure 8 Identity and Access Management Segment to Account for the Highest Market Share During the Forecast Period
Figure 9 Support and Maintenance Segment to Account for the Highest Market Share During the Forecast Period
Figure 10 Identity and Access Management Solution and North American Region to Account for the Highest Market Shares in 2018
Figure 11 Large Enterprises Segment to Account for A Higher Market Share in 2018
Figure 12 Banking, Financial Services, and Insurance Vertical to Account for the Largest Market Size in 2018
Figure 13 Asia Pacific to Emerge as the Best Market for Investment in the Next 5 Years
Figure 14 Drivers, Restraints, Opportunities, and Challenges: Security as a Service Market
Figure 15 Attack Distribution 2018
Figure 16 Cloud Challenges
Figure 17 Services Segment to Grow at A Higher CAGR During the Forecast Period
Figure 18 Encryption Segment to Grow at the Highest CAGR During the Forecast Period
Figure 19 Support and Maintenance Segment to Grow at the Highest CAGR During the Forecast Period
Figure 20 Application Security Segment to Grow at the Highest CAGR During the Forecast Period
Figure 21 Small and Medium-Sized Enterprises Segment to Grow at A Higher CAGR During the Forecast Period
Figure 22 Retail Vertical to Record the Highest Growth Rate During the Forecast Period
Figure 23 Asia Pacific to Hold the Highest Market Share During the Forecast Period
Figure 24 North America: Market Snapshot
Figure 25 Asia Pacific: Market Snapshot
Figure 26 Market (Global) Competitive Leadership Mapping for Start-UPS, 2018
Figure 27 Key Developments By the Leading Players in the Security as a Service Market During 2016–2018
Figure 28 SWOT Analysis: McAfee
Figure 29 Trend Micro: Company Snapshot
Figure 30 SWOT Analysis: Trend Micro
Figure 31 IBM: Company Snapshot
Figure 32 SWOT Analysis: IBM
Figure 33 Microsoft: Company Snapshot
Figure 34 SWOT Analysis: Micro Focus
Figure 35 Zscaler: Company Snapshot
Figure 36 SWOT Analysis: Zscaler

The study involved 4 major activities in estimating the current market size of the security as a service market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, the market breakdown and data triangulation procedures were used to estimate the market size of the market’s segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources, such as D&B Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet, have been referred to, for identifying and collecting information for this study. These secondary sources included annual reports; press releases and investor presentations of companies; whitepapers, certified publications, and articles by recognized authors; gold standard and silver standard websites; security technologies Research and Development (R&D) organizations; regulatory bodies; and databases.

Primary Research

Various primary sources from both the supply and demand sides of the security as a service market ecosystem were interviewed to obtain qualitative and quantitative information for this study. The primary sources from the supply side included industry experts, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), marketing directors, technology and innovation directors, related key executives from various vendors who provide the security as a service market solutions, associated service providers, and system integrators operating in the targeted regions. All possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Following is the breakup of the primary respondents:

Security as a Service Market

To know about the assumptions considered for the study, download the pdf brochure

Market size estimation

For making market estimates and forecasting the security as a service market and the other dependent submarkets, top-down and bottom-up approaches were used. The bottom-up procedure was used to arrive at the overall market size of the global market using the revenues and offerings of the key companies in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the market were identified through extensive secondary research.
  • The market size, in terms of value, was determined with the help of the primary and secondary research processes.

All percentage shares, splits, and breakups were determined using secondary sources and verified through primary sources.

Data triangulation

With data triangulation and validation through primary interviews, the exact value of the overall parent market size was determined and confirmed using this study. The overall market size was then used in the top-down procedure to estimate the size of other individual markets via percentage splits of the market segmentation.

Report objectives

  • To define, describe, and forecast the security as a service market by component (solutions and services), application area, organization size, vertical, and region
  • To provide detailed information about major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
  • To analyze the micromarkets with respect to the individual growth trends, prospects, and contributions to the overall market
  • To analyze the market opportunities for stakeholders by identifying the high-growth segments of the market
  • To forecast the market size of the market’s segments with respect to 5 main regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America
  • To profile the key players in the market and comprehensively analyze their market size and core competencies
  • To track and analyze competitive developments, such as new product launches; mergers and acquisitions; and partnerships, agreements, and collaborations, in the global market

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Company Information

  • Detailed analysis and profiling of additional market players (up to 5)
Report Code
TC 4071
Published ON
Feb, 2019
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