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 solution 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.

Security as a Service Market

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 security as a service 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 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 security as a service 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 a service solutions and services to combat them.

Security as a Service Market Dynamics

Security as a Service Market

Mandate to follow regulatory and data protection laws

Over the years, organizations have been massively hit by sophisticated cyber-attacks, leading to huge financial losses. Today, organizations are continuously looking for deploying advanced security solutions to combat with such disruptive attacks. With the deployment of advanced security solutions, it is also mandatory to comply with the existing government data protection laws. Data protection directives play an essential role in addressing the rising concerns over the privacy of an enterprise’s data. The constantly changing threat landscape has given rise to a large number of government regulations globally, which need to be strictly adhered by enterprises across the globe.

Availability of free security services and security solution suites

Cloud service providers offer security as a service to organizations for managing their infrastructure growth and resources, cutting costs, and delivering services quickly and efficiently. A wide range of security solution suites are offered by various vendors at discount prices and sometimes as bundled services for free. This hampers the growth of security service providers who offer security as a service to end clients. Security products and services perform similar tasks, and are available at cheap prices through widespread distribution networks. This factor is restraining the growth of the security as a service market. However, the business impact of free security solutions is more than licensed-based solutions, as the free security solutions do not offer premium security features and provide comprehensive in-depth protection from threats.

Increase in adoption of cloud-based services among SMEs

SMEs are continuously focusing on streamlining their business models for achieving business efficiency. The SMEs across verticals do not have stringent security measures for safeguarding their data, networks, endpoints, and applications. They are widely targeted by cyber-attackers. These enterprises still do not have advanced cybersecurity solutions to combat the evolving threat landscape. Sophisticated cyber-attacks bypass traditional security systems easily. Hence, SMEs need to shift from the traditional cybersecurity solutions to the cloud-based cybersecurity solutions for securing their web and mobile applications, and network infrastructure throughout the development, production, and implementation phases.

Rise in IT infrastructure complexities

With the changing business process needs, organizations’ IT infrastructure is also becoming more agile. Organizations are facing several challenges in mitigating risks, and continuous monitoring and troubleshooting their IT infrastructure. The changing threat landscape poses a challenge for organizations to manage the rising complexities in the IT environment. In today’s complex organization infrastructure, there are multiple endpoints, such as smartphones, tablets, desktops, and laptops, through which end users access the organizational data. Business applications have several identities, regulations, and other diverse processes which have created difficulty for cloud-based security solutions to maintain efficiency, security, and compliance. Today, the interoperable IT infrastructure is being challenged by various cyber threats, such as antivirus, malware, APTs, and zero-day vulnerabilities. Incompatibility with the existing IT systems is expected to be a major challenge for security as a service vendors.

Scope of the Report

Report Metric

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

Geographies 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 security as a service market based on components, application areas, organization size, verticals, and regions.

Security as a Service Market, By Component

  • 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

Market By Application

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

Security as a Service Market, By Enterprise Size

  • Small and Medium-sized Enterprises
  • Large Enterprises

Market By Vertical

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

Security as a Service Market, By Region

  • 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

Key Market Players

Major vendors that offer security as a service 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 security as a service 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 as a 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.

Recent Developments

  • In October 2019, Clearswift partnered with Seclore to offer granular, persistent usage controls, so as to protect email content and attachments flowing in and out of the business. Seclore’s Email Encryption Plus will also enable ease of integration, and regulatory compliance reporting for the customers.
  • In July 2019, Microsoft Corp. partnered with ServiceNow to enhance the integration and optimized products, platform and cloud applications of the company. ServiceNow has planned for the first time to house its full SaaS experience on Azure in addition to its own private cloud. These companies will enable enterprise customers in certain highly regulated industries, as well as government customers, to accelerate their digital transformation and drive new levels of insights and innovation.
  • 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.

Critical Questions the Report Answers:

  • Define, describe, and forecast the security as a service 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
    1.1 Objectives of The Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Market Segmentation
           1.3.2 Regions Covered
    1.4 Years Considered For The Study
    1.5 Currency Considered
    1.6 Stakeholders

2 Research Methodology
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                      2.1.2.1 Breakdown of Primaries
                      2.1.2.2 Key Industry Insights
    2.2 Market Size Estimation
    2.3 Research Assumptions and Limitations
           2.3.1 Research Assumptions
           2.3.2 Research Limitations

3 Executive Summary

4 Premium Insights
    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 Share of Top 3 Solutions and Regions, 2018
    4.5 Market By Organization Size, 2018
    4.6 Market Top 3 Verticals, 2018–2023
    4.7 Market Investment Scenario

5 Market Overview and Industry Trends
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                      5.2.1.1 Stringent Regulatory Standards and Data Privacy Compliances
                      5.2.1.2 Rising Concerns Pertaining To Loss of Critical Data
                      5.2.1.3 Exponential Increase In The Adoption of Cloud and Virtualization Technologies
           5.2.2 Restraints
                      5.2.2.1 Budgetary Constraints
                      5.2.2.2 Availability of Free, Open Source, and Pirated Encryption Software
           5.2.3 Opportunities
                      5.2.3.1 Rise In Demand For Integrated Data Protection Solutions and Eaas Among SMEs
                      5.2.3.2 Increased Adoption of Encryption Software Across Verticals
           5.2.4 Challenges
                      5.2.4.1 Difficulties In Effective Management and Usage of The Encryption Key
                      5.2.4.2 Lack of Skilled Workforce Among Enterprises
    5.3 Regulatory Implications
    5.4 Innovation Spotlight
           5.4.1 Sentinel Technologies
           5.4.2 Mindsight
    5.5 Use Cases
    5.6 Security As A Service Architecture
    5.7 Best Practices In Security Services Space

6 Security As A Service Market Analysis, By Component
   6.1 Introduction
   6.2 Solutions
          6.2.1 Market Estimates and Forecasts, 2018 - 2023 (USD Million)
          6.2.2 Market Estimates and Forecasts, By Region, 2018 - 2023 (USD Million)
   6.3 Service
          6.3.1 Market Estimates and Forecasts, 2018 - 2023 (USD Million)
          6.3.2 Market Estimates and Forecasts, By Region, 2018 - 2023 (USD Million)

7 Security As A Service Market Analysis, By Solution
   7.1 Introduction
   7.2 Business Continuity and Disaster Management
          7.2.1 Market Estimates and Forecasts, 2018 - 2023 (USD Million)
          7.2.2 Market Estimates and Forecasts, By Region, 2018 - 2023 (USD Million)
   7.3 Continuous Monitoring
          7.3.1 Market Estimates and Forecasts, 2018 - 2023 (USD Million)
          7.3.2 Market Estimates and Forecasts, By Region, 2018 - 2023 (USD Million)
   7.4 Dat Loss Prevention
          7.4.1 Market Estimates and Forecasts, 2018 - 2023 (USD Million)
          7.4.2 Market Estimates and Forecasts, By Region, 2018 - 2023 (USD Million)
   7.5 Encryption
          7.5.1 Market Estimates and Forecasts, 2018 - 2023 (USD Million)
          7.5.2 Market Estimates and Forecasts, By Region, 2018 - 2023 (USD Million)
   7.6 Identity and Access Management
          7.6.1 Market Estimates and Forecasts, 2018 - 2023 (USD Million)
          7.6.2 Market Estimates and Forecasts, By Region, 2018 - 2023 (USD Million)
   7.7 Intrusion Management
          7.7.1 Market Estimates and Forecasts, 2018 - 2023 (USD Million)
          7.7.2 Market Estimates and Forecasts, By Region, 2018 - 2023 (USD Million)
   7.8 Security Information and Event Management
          7.8.1 Market Estimates and Forecasts, 2018 - 2023 (USD Million)
          7.8.2 Market Estimates and Forecasts, By Region, 2018 - 2023 (USD Million)
   7.9 Vulnerability Scanning
          7.9.1 Market Estimates and Forecasts, 2018 - 2023 (USD Million)
          7.9.2 Market Estimates and Forecasts, By Region, 2018 - 2023 (USD Million)
   7.10 Others
            7.10.1 Market Estimates and Forecasts, 2018 - 2023 (USD Million)
            7.10.2 Market Estimates and Forecasts, By Region, 2018 - 2023 (USD Million)

8 Security As A Service Market Analysis, By Service
   8.1 Introduction
   8.2 Training and Education
          8.2.1 Market Estimates and Forecasts, 2018 - 2023 (USD Million)
          8.2.2 Market Estimates and Forecasts, By Region, 2018 - 2023 (USD Million)
   8.3 Consulting
          8.3.1 Market Estimates and Forecasts, 2018 - 2023 (USD Million)
          8.3.2 Market Estimates and Forecasts, By Region, 2018 - 2023 (USD Million)
   8.4 Support and Maintenance
          8.4.1 Market Estimates and Forecasts, 2018 - 2023 (USD Million)
          8.4.2 Market Estimates and Forecasts, By Region, 2018 - 2023 (USD Million)

9 Security As A Service Market Analysis, By Application
   9.1 Introduction
   9.2 Network Security
          9.2.1 Market Estimates and Forecasts, 2018 - 2023 (USD Million)
          9.2.2 Market Estimates and Forecasts, By Region, 2018 - 2023 (USD Million)
   9.3 Endpoint Security
          9.3.1 Market Estimates and Forecasts, 2018 - 2023 (USD Million)
          9.3.2 Market Estimates and Forecasts, By Region, 2018 - 2023 (USD Million)
   9.4 Application Security
          9.4.1 Market Estimates and Forecasts, 2018 - 2023 (USD Million)
          9.4.2 Market Estimates and Forecasts, By Region, 2018 - 2023 (USD Million)
   9.5 Cloud Security
          9.5.1 Market Estimates and Forecasts, 2018 - 2023 (USD Million)
          9.5.2 Market Estimates and Forecasts, By Region, 2018 - 2023 (USD Million)
   9.6 Others
          9.6.1 Market Estimates and Forecasts, 2018 - 2023 (USD Million)
          9.6.2 Market Estimates and Forecasts, By Region, 2018 - 2023 (USD Million)

10 Security As A Service Market Analysis, By Enterprise Size
      10.1 Introduction
      10.2 Small and Medium-Sized Enterprises
               10.2.1 Market Estimates and Forecasts, 2018 - 2023 (USD Million)
               10.2.2 Market Estimates and Forecasts, By Region, 2018 - 2023 (USD Million)
      10.3 Large Enterprises
               10.3.1 Market Estimates and Forecasts, 2018 - 2023 (USD Million)
               10.3.2 Market Estimates and Forecasts, By Region, 2018 - 2023 (USD Million)

11 Security As A Service Market Analysis, By Vertical
      11.1 Introduction
      11.2 Banking, Financial Services, and Insurance
               11.2.1 Market Estimates and Forecasts, 2018 - 2023 (USD Million)
               11.2.2 Market Estimates and Forecasts, By Region, 2018 - 2023 (USD Million)
      11.3 Government and Defense
               11.3.1 Market Estimates and Forecasts, 2018 - 2023 (USD Million)
               11.3.2 Market Estimates and Forecasts, By Region, 2018 - 2023 (USD Million)
      11.4 Retail
               11.4.1 Market Estimates and Forecasts, 2018 - 2023 (USD Million)
               11.4.2 Market Estimates and Forecasts, By Region, 2018 - 2023 (USD Million)
      11.5 Healthcare 
               11.5.1 Market Estimates and Forecasts, 2018 - 2023 (USD Million)
               11.5.2 Market Estimates and Forecasts, By Region, 2018 - 2023 (USD Million)
      11.6 It and Telecommunication
               11.6.1 Market Estimates and Forecasts, 2018 - 2023 (USD Million)
               11.6.2 Market Estimates and Forecasts, By Region, 2018 - 2023 (USD Million)
      11.7 Energy and Utilities
               11.7.1 Market Estimates and Forecasts, 2018 - 2023 (USD Million)
               11.7.2 Market Estimates and Forecasts, By Region, 2018 - 2023 (USD Million)
      11.8 Manufacturing
               11.8.1 Market Estimates and Forecasts, 2018 - 2023 (USD Million)
               11.8.2 Market Estimates and Forecasts, By Region, 2018 - 2023 (USD Million)
      11.9 Others
               11.9.1 Market Estimates and Forecasts, 2018 - 2023 (USD Million)
               11.9.2 Market Estimates and Forecasts, By Region, 2018 - 2023 (USD Million)

12 Security As A Service Market Analysis, By Region
      12.1 Introduction
      12.2 North America
               12.2.1 Market Estimates and Forecasts, 2018 - 2023 (USD Million)
               12.2.2 Market Estimates and Forecasts, By Component, 2018 - 2023 (USD Million)
               12.2.3 Market Estimates and Forecasts, By Solution, 2018 - 2023 (USD Million)
               12.2.4 Market Estimates and Forecasts, By Service, 2018 - 2023 (USD Million)
               12.2.5 Market Estimates and Forecasts, By Application, 2018 - 2023 (USD Million)
               12.2.6 Market Estimates and Forecasts, By Enterprise Size, 2018 - 2023 (USD Million)
               12.2.7 Market Estimates and Forecasts, By Vertical, 2018 - 2023 (USD Million)
               12.2.8 Market Estimates and Forecasts, By Country, 2018 - 2023 (USD Million)
                            12.2.8.1 Market Estimates and Forecasts, By Us, 2018 - 2023 (USD Million)
                            12.2.8.2 Market Estimates and Forecasts, By Canada, 2018 - 2023 (USD Million)
      12.3 Europe
               12.3.1 Market Estimates and Forecasts, 2018 - 2023 (USD Million)
               12.3.2 Market Estimates and Forecasts, By Component, 2018 - 2023 (USD Million)
               12.3.3 Market Estimates and Forecasts, By Solution, 2018 - 2023 (USD Million)
               12.3.4 Market Estimates and Forecasts, By Service, 2018 - 2023 (USD Million)
               12.3.5 Market Estimates and Forecasts, By Application, 2018 - 2023 (USD Million)
               12.3.6 Market Estimates and Forecasts, By Enterprise Size, 2018 - 2023 (USD Million)
               12.3.7 Market Estimates and Forecasts, By Vertical, 2018 - 2023 (USD Million)
               12.3.8 Market Estimates and Forecasts, By Country, 2018 - 2023 (USD Million)
                            12.3.8.1 Market Estimates and Forecasts, By UK, 2018 - 2023 (USD Million)
                            12.3.8.2 Market Estimates and Forecasts, By Germany, 2018 - 2023 (USD Million)
                            12.3.8.3 Market Estimates and Forecasts, By France, 2018 - 2023 (USD Million)
                            12.3.8.4 Market Estimates and Forecasts, By Rest of Europe, 2018- 2023 (USD Million)
      12.4 Asia Pacific
               12.4.1 Market Estimates and Forecasts, 2018 - 2023 (USD Million)
               12.4.2 Market Estimates and Forecasts, By Component, 2018 - 2023 (USD Million)
               12.4.3 Market Estimates and Forecasts, By Solution, 2018 - 2023 (USD Million)
               12.4.4 Market Estimates and Forecasts, By Service, 2018 - 2023 (USD Million)
               12.4.5 Market Estimates and Forecasts, By Application, 2018 - 2023 (USD Million)
               12.4.6 Market Estimates and Forecasts, By Enterprise Size, 2018 - 2023 (USD Million)
               12.4.7 Market Estimates and Forecasts, By Vertical, 2018 - 2023 (USD Million)
               12.4.8 Market Estimates and Forecasts, By Country, 2018 - 2023 (USD Million)
                            12.4.8.1 Market Estimates and Forecasts, By China, 2018 - 2023 (USD Million)
                            12.4.8.2 Market Estimates and Forecasts, By Australia and New Zealand, 2018 - 2023 (USD Million)
                            12.4.8.3 Market Estimates and Forecasts, By India, 2018 - 2023 (USD Million)
      12.5 Middle East and Africa
               12.5.1 Market Estimates and Forecasts, 2018 - 2023 (USD Million)
               12.5.2 Market Estimates and Forecasts, By Component, 2018 - 2023 (USD Million)
               12.5.3 Market Estimates and Forecasts, By Solution, 2018 - 2023 (USD Million)
               12.5.4 Market Estimates and Forecasts, By Service, 2018 - 2023 (USD Million)
               12.5.5 Market Estimates and Forecasts, By Application, 2018 - 2023 (USD Million)
               12.5.6 Market Estimates and Forecasts, By Enterprise Size, 2018 - 2023 (USD Million)
               12.5.7 Market Estimates and Forecasts, By Vertical, 2018 - 2023 (USD Million)
               12.5.8 Market Estimates and Forecasts, By Country, 2018 - 2023 (USD Million)
                            12.5.8.1 Market Estimates and Forecasts, By Middle East, 2018 - 2023 (USD Million)
                            12.5.8.2 Market Estimates and Forecasts, By Africa, 2018 - 2023 (USD Million)
      12.6 Latin America
               12.6.1 Market Estimates and Forecasts, 2018 - 2023 (USD Million)
               12.6.2 Market Estimates and Forecasts, By Component, 2018 - 2023 (USD Million)
               12.6.3 Market Estimates and Forecasts, By Solution, 2018 - 2023 (USD Million)
               12.6.4 Market Estimates and Forecasts, By Service, 2018 - 2023 (USD Million)
               12.6.5 Market Estimates and Forecasts, By Application, 2018 - 2023 (USD Million)
               12.6.6 Market Estimates and Forecasts, By Enterprise Size, 2018 - 2023 (USD Million)
               12.6.7 Market Estimates and Forecasts, By Vertical, 2018 - 2023 (USD Million)
               12.6.8 Market Estimates and Forecasts, By Country, 2018 - 2023 (USD Million)
                            12.6.8.1 Market Estimates and Forecasts, By Brazil, 2018 - 2023 (USD Million)
                            12.6.8.2 Market Estimates and Forecasts, By Mexico, 2018 - 2023 (USD Million)
                            12.6.8.3 Market Estimates and Forecasts, By Rest of Latin America, 2018 - 2023 (USD Million)

13 Competitive Landscape
      13.1 Overview
      13.2 Start-Up Micro Quadrant
               13.2.1 Progressive Companies
               13.2.2 Responsive Companies
               13.2.3 Dynamic Companies
               13.2.4 Starting Blocks
      13.3 Competitive Scenario
               13.3.1 Partnerships, Agreements, and Collaborations
               13.3.2 New Product Launches/Product Enhancements
               13.3.3 Mergers and Acquisitions
               13.3.4 Business Expansions

14 Company Profiles
      14.1 Introduction
      14.2 MacAfee
               14.2.1 Business Overview
               14.2.2 Products Offered
               14.2.3 Recent Developments
               14.2.4 Swot Analysis
               14.2.5 MnM View
      14.3 Trend Micro
               14.3.1 Business Overview
               14.3.2 Products Offered
               14.3.3 Recent Developments
               14.3.4 Swot Analysis
               14.3.5 MnM View
      14.4 IBM Corporation
               14.4.1 Business Overview
               14.4.2 Products Offered
               14.4.3 Recent Developments
               14.4.4 Swot Analysis
               14.4.5 MnM View
      14.5 Microsoft
               14.5.1 Business Overview
               14.5.2 Products Offered
               14.5.3 Recent Developments
               14.5.4 Swot Analysis
               14.5.5 MnM View
      14.6 Zscaler
               14.6.1 Business Overview
               14.6.2 Products Offered
               14.6.3 Recent Developments
               14.6.4 Swot Analysis
               14.6.5 MnM View
      14.7 Clear Swift
               14.7.1 Business Overview
               14.7.2 Products Offered
               14.7.3 Recent Developments
               14.7.4 MnM View
      14.8 Alert Logic
               14.8.1 Business Overview
               14.8.2 Products Offered
               14.8.3 Recent Developments
               14.8.4 MnM View
      14.9 Cygilant
               14.9.1 Business Overview
               14.9.2 Products Offered
               14.9.3 Recent Developments
               14.9.4 MnM View
      14.10 Barracuda Networks
                  14.10.1 Business Overview
                  14.10.2 Products Offered
                  14.10.3 Recent Developments
                  14.10.4 MnM View
      14.11 Panda Security
                  14.11.1 Business Overview
                  14.11.2 Products Offered
                  14.11.3 Recent Developments
                  14.11.4 MnM View
      14.12 Stratejm
      14.13 Radware
      14.14 Mindsight
      14.15 Sentinel Technologies
      14.16 Happiest Minds

*Details On Business Overview, Products Offered, Recent Developments, Swot Analysis, and MnM View Might Not Be Captured In Case of Unlisted Companies.
15 Appendix
      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 (102 Tables)
Table 1 United States Dollar Exchange Rate, 2015–2018
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 Security As A Service 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 Security As A Service 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 Security As A Service 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 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 Security As A Service 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: Security As A Service 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 United States: Market Size By Component, 2016– 2023 (USD Million)
Table 48 United States: Market Size By Application Area, 2016– 2023 (USD Million)
Table 49 Canada: Security As A Service Market Size, By Component, 2016– 2023 (USD Million)
Table 50 Canada: Market Size By Application Area, 2016– 2023 (USD Million)
Table 51 Europe: Market Size By Component, 2016–2023 (USD Million)
Table 52 Europe: Market Size By Solution, 2016–2023 (USD Million)
Table 53 Europe: Market Size By Service, 2016–2023 (USD Million)
Table 54 Europe: Market Size By Application Area, 2016– 2023 (USD Million)
Table 55 Europe: Market Size By Organization Size, 2016– 2023 (USD Million)
Table 56 Europe: Market Size By Vertical, 2016–2023 (USD Million)
Table 57 Europe: Market Size By Country, 2016–2023 (USD Million)
Table 58 United Kingdom: Security As A Service Market Size, By Component, 2016– 2023 (USD Million)
Table 59 United Kingdom: Market Size By Application Area, 2016– 2023 (USD Million)
Table 60 Germany: Market Size By Component, 2016– 2023 (USD Million)
Table 61 Germany: Market Size By Application Area, 2016– 2023 (USD Million)
Table 62 France: Market Size By Component, 2016– 2023 (USD Million)
Table 63 France: Market Size By Application Area, 2016– 2023 (USD Million)
Table 64 Asia Pacific: Security As A Service Market Size, By Component, 2016– 2023 (USD Million)
Table 65 Asia Pacific: Market Size By Solution, 2016–2023 (USD Million)
Table 66 Asia Pacific: Market Size By Service, 2016–2023 (USD Million)
Table 67 Asia Pacific: Market Size By Application Area, 2016–2023 (USD Million)
Table 68 Asia Pacific: Market Size By Organization Size, 2016–2023 (USD Million)
Table 69 Asia Pacific: Market Size By Vertical, 2016–2023 (USD Million)
Table 70 Asia Pacific: Market Size By Country, 2016–2023 (USD Million)
Table 71 China: Security As A Service Market Size, By Component, 2016– 2023 (USD Million)
Table 72 China: Market Size By Application Area, 2016– 2023 (USD Million)
Table 73 Australia and New Zealand: Market Size By Component, 2016– 2023 (USD Million)
Table 74 Australia and New Zealand: Market Size By Application Area, 2016– 2023 (USD Million)
Table 75 India: Market Size By Component, 2016– 2023 (USD Million)
Table 76 India: Market Size By Application Area, 2016– 2023 (USD Million)
Table 77 Middle East and Africa: Security As A Service Market Size, By Component, 2016–2023 (USD Million)
Table 78 Middle East and Africa: Market Size By Solution, 2016–2023 (USD Million)
Table 79 Middle East and Africa: Market Size By Service, 2016–2023 (USD Million)
Table 80 Middle East and Africa: Market Size By Application Area, 2016–2023 (USD Million)
Table 81 Middle East and Africa: Market Size By Organization Size, 2016–2023 (USD Million)
Table 82 Middle East and Africa: Market Size By Vertical, 2016–2023 (USD Million)
Table 83 Middle East and Africa: Market Size By Sub-Region, 2016–2023 (USD Million)
Table 84 Middle East: Security As A Service Market Size, By Component, 2016– 2023 (USD Million)
Table 85 Middle East: Market Size By Application Area, 2016– 2023 (USD Million)
Table 86 Africa: Market Size By Component, 2016– 2023 (USD Million)
Table 87 Africa: Market Size By Application Area, 2016– 2023 (USD Million)
Table 88 Latin America: Market Size By Component, 2016– 2023 (USD Million)
Table 89 Middle East and Africa: Market Size By Solution, 2016–2023 (USD Million)
Table 90 Latin America: Security As A Service Market Size, By Service, 2016–2023 (USD Million)
Table 91 Latin America: Market Size By Application Area, 2016–2023 (USD Million)
Table 92 Latin America: Market Size By Organization Size, 2016–2023 (USD Million)
Table 93 Latin America: Market Size By Vertical, 2016– 2023 (USD Million) 
Table 94 Latin America: Market Size By Country, 2016– 2023 (USD Million)
Table 95 Brazil: Security As A Service Market Size, By Component, 2016– 2023 (USD Million)
Table 96 Brazil: Market Size By Application Area, 2016– 2023 (USD Million)
Table 97 Mexico: Market Size By Component, 2016– 2023 (USD Million)
Table 98 Mexico: Market Size By Application Area, 2016– 2023 (USD Million)
Table 99 Partnerships, Agreements, and Collaborations, 2018–2018
Table 100 New Product Launches/Product Enhancements, 2018–2018
Table 101 Mergers and Acquisitions, 2016–2018
Table 102 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 Security As A Service 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 Microquadrant
Figure 27 Key Developments By The Leading Players In The Security As A Service Market During 2016–2018
Figure 28 Swot Analysis: MacAfee
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 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

Security as a Service 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

Available Customizations

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Report Code
TC 4071
Published ON
Feb, 2019
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