Security as a Service Market

Security as a Service Market worth 8.52 Billion USD by 2020

The report "Security as a Service Market by Solution (Email Encryption, SIEM, IAM, Endpoint Protection, IDS/IPS, Data Loss Prevention and Others), by Service, by Application, by Organization Size, by Vertical, by Region - Global Forecast to 2020", The SECaaS market size is estimated to grow from USD 3.12 Billion in 2015 to USD 8.52 Billion by 2020, at a Compound Annual Growth Rate (CAGR) of 22.2%.

     Download PDF Brochure     Speak to Analyst     Inquiry Before Buying

Browse 72 market data Tables and 53 Figures spread through 151 Pages and in-depth TOC on "Security as a Service Market - Global Forecast to 2020"
Early buyers will receive 10% customization on reports.

With an increasing Bring Your Own Device (BYOD) trend among organizations, the need for SECaaS solutions is growing rapidly across the globe. The rapid growth in the IT infrastructure of a business has given rise to new and sophisticated threats like zero-day malwares, Trojans, and advanced persistent threats which can put an organization’s critical data at risk. This has encouraged organizations to deploy could-based security solutions to safeguard their networks, cloud, and endpoints against potential cyber-attacks. Furthermore, organizations are looking forward to shift from traditional security to advanced security to protect the critical assets from potential threats. Cloud-based security offers advanced security measures securing an organization’s network, hardware, software, applications as well as endpoint devices.

The healthcare vertical is expected to hold the largest market

The healthcare vertical has the largest market size in the SECaaS market, as there has been an increase in hacking cases in the healthcare industry such as recent attacks on AHMC Healthcare office near Los Angles which resulted in the data loss of nearly half million patient records. The attacks aimed at the healthcare vertical are focused toward accessing patient personal information. Similarly the retail vertical is also expected to witness traction in the forecasted period.

Database cloud security is expected to grow with the highest CAGR during the forecast period

The database cloud security market is expected to grow with the highest CAGR, as database cloud security solution enables enterprises to securely access their applications in the cloud. Moreover, this application is finding rapid deployment among major industry verticals as it allows easy and safe usage of enterprises applications in the cloud.

North America expected to contribute the largest market share, APAC to grow the fastest

North America is expected to have the largest market share and would dominate the SECaaS market from 2015 to 2020, due to the presence of a large number of SECaaS vendors. APAC offers potential growth opportunities for the SECaaS market to grow, as countries in APAC are investing heavily to increase the development of data loss prevention, intrusion detection systems, and endpoint security solutions.

The major vendors in the SECaaS market include Symantec Corporation, McAfee, Cisco Systems, Trend Micro, CipherCloud, ZScaler, Alert Logic, Radware, and others.

MarketsandMarkets segments the SECaaS market on the basis of solutions, services, application areas, organization size, and regions. The report covers regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA), and Latin America. The report also covers detailed information regarding the major factors influencing the growth of the SECaaS market, such as drivers, restraints, challenges, and opportunities.

About MarketsandMarkets

MarketsandMarkets is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India

Report Code
TC 4071
Published ON
Feb, 2016
Choose License Type
Request Customization
Speak to Analyst
Speak to Analyst
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
  • What are the Known and Unknown Adjacencies Impacting the Security as a Service Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
© MarketsandMarkets Research Private Ltd. All rights reserved