According to the latest IMARC Group report, “Global Security as a Service Market SizeShare, Growth, Industry Trends, Opportunity and Forecast 2022-2027“, the global security-as-a-service market reached a value of US$12.64 billion in 2021. Looking ahead, IMARC Group expects the market to reach a value of US$30.17 billion by 2027, exhibiting a CAGR of 15.10% during 2022-2027.
Security as a Service (SECaaS) includes the various cloud-based cybersecurity solutions that organizations outsource. It involves secure web and email gateways, identity and access management, vulnerability management, application security testing, etc. SECaaS services are integrated into business infrastructures and are offered on a subscription basis. They help organizations save costs, free up resources, work with the latest security tools and updates, scale security needs as business grows, and more. As a result, SECaaS has gained wide popularity due to its cost-effectiveness and enhanced protection against online threats. , faster provisioning, greater agility, etc.
Security as a Service Market Trends and Drivers:
The increasing requirement for cloud-based security solutions and the high costs involved in managing on-premises security solutions are primarily driving the security-as-a-service market. In addition to this, the increasing incidences of online threats such as data breaches and identity theft, and the increasing need to comply with stringent data protection and regulatory standards are further catalyzing the growth of the market.
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Furthermore, the increasing number of people working remotely, due to the sudden outbreak of the COVID-19 pandemic, is encouraging organizations to adopt more advanced security solutions, which is acting as another important growth factor. Aside from this, the increasing adoption of bring-your-own-device (BYOD) policies and the increasing penetration of Internet of Things (IoT) technologies are expected to drive the security-as-a-service market over the coming year. planned period.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Security as a Service Market Analysis and Segmentation 2022-2027:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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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The report has segmented the market based on region, component, organization size, application, and vertical.
Breakdown by component:
Breakdown by organization size:
• Small and medium businesses
• Big enterprises
Breakdown by application:
• network security
• security endpoint
• Application security
• cloud security
Breakdown by Vertical:
• Government and Defense
• Retail and eCommerce
• Health and Life Sciences
• IT and telecommunications
• Energy and Public Services
Breakdown by region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, others)
• Europe: (Germany, France, UK, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa
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Key points from the report:
• Market performance (2016-2021)
• Market outlook (2022-2027)
• Porter’s five forces analysis
• Market drivers and success factors
• SWOT Analysis
• Value chain
• Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.
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