The security as a service market is projected to reach US$ 34,854.10 million by 2028 from US$ 13,712.87 million in 2022. It is expected to grow at a CAGR of 16.8% from 2022 to 2028.
Security as a service is a technique to supply security solutions to an organization for data centers or regional gateways. As it helps enable secure access to apps, it has become a crucial approach for enterprises to increase their mobile and cloud deployments. To increase enterprises' application security, various security solutions are deployed. Data loss prevention (DLP), compliance solutions, advanced malware prevention, cloud access security brokers making decisions, and continuous monitoring are just a few of the security solutions offered. Service providers charge organizations a reasonable monthly fee for their services. Due to these benefits, end-use industries are increasingly approaching market players, which is anticipated to fuel the global expansion of the security as a service market. Organizations utilize security as a service extensively because it offers a number of advantages over traditional approaches, including speedier operations, ongoing virus updates, cost-effective solutions, and faster operations.
The global demand for security solutions is also growing due to the rising digitization and the use of cloud-based services across various industries. Many companies have recently adopted business apps, bring-your-own-device (BYOD) guidelines, choose-your-own-device (CYOD) trends, and other technology. Concern over the integrity and confidentiality of organizational data has grown due to these trends. Over 3.7 billion people use email globally, and 269 billion emails are sent daily as a result of the development of electronic marketing methods. This provides huge opportunities for hackers to send spam emails to users to obtain crucial information about them. Most security problems begin with phishing emails used by hackers to mislead victims into giving them access to accounts, logins, or financial information before moving on to technical hacks. Hence, the rising importance of cybersecurity strongly promotes the security as a service market growth.
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Security as a Service Market: Strategic Insights
Market Size Value in US$ 13,712.87 Million in 2022 Market Size Value by US$ 34,854.10 Million by 2028 Growth rate CAGR of 16.8% from 2022 to 2028 Forecast Period 2022-2028 Base Year 2022
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Security as a Service Market: Strategic Insights
| Market Size Value in | US$ 13,712.87 Million in 2022 |
| Market Size Value by | US$ 34,854.10 Million by 2028 |
| Growth rate | CAGR of 16.8% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2022 |
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Impact of COVID-19 Pandemic on Security as a Service Market Growth
The continuous growth in the number of novel coronavirus-infected patients compelled government authorities to impose stringent lockdowns across the US and other regions in the first 3 quarters of 2020. The manufacturing sector witnessed severe losses due to temporary factory shutdowns while most enterprises were forced to shift towards remote working setups. The rising uptake of work-from-home policy triggered a rise in cyber-attacks and the requirement for protection from the same. Small and medium enterprises were forced to raise their expenditure on network security solutions. In lieu of such effects of the pandemic, the security as a service market size was positively impacted. In the US, a sharp increase was witnessed in phishing and malware distribution using COVID-19-themed lures and the registration of new domain names with coronavirus- or COVID-19-related terms.
The region also witnessed heightened online transactions, which further attracted cyber criminals. Hence, enterprises started focusing on cybersecurity infrastructure to protect customers and employees. This created great growth opportunities for market players. Microsoft reported that between February and May 2020, 19 million phishing and ransomware attacks with a Covid-19 theme were also detected in Asia Pacific. Since several individuals were forced to work from hastily created less secure environments during the pandemic, the growing use of cloud-based services became a hotspot for cyberattacks. Hence, COVID-19 positively influenced global security as a service market growth.
Market Insights – Security as a Service Market
Significant market prospects are created by the rise of e-business, growing awareness of data protection, the trend of bring-your-own-device (BYOD), and acceptance of managed security measures. The use of cloud technologies has grown significantly over time, which has increased the demand for more dependable and affordable security solutions. The IT infrastructure has grown more complicated and heterogeneous over the past 5 years due to the introduction of new platforms, BYOD regulations, CYOD trends, business apps, and other technologies. BYOD and CYOD trends are becoming more and more common in business settings due to the quick improvements in mobile computing. Organizations are signing up for security services to shield devices, such as smartphones, tablets, desktop computers, and laptops from cyber dangers as a result of the BYOD model's adoption. Such trends are inherently driving security as a service market.
Organization Size-based Insights
The security as a service market, by organization size, is segmented into large enterprises and SMEs (Small and Medium Enterprises). The SMEs segment is expected to register a higher CAGR during the forecast period. As per the World Bank, SMEs contribute ~40% of GDP and ~60% of total employment in emerging economies. With the rising number of SMEs focused on simplifying the operations and reducing the operational costs, the security as a service market players are witnessing a significant demand for security solutions from this segment. As digitalization opens newer avenues for the SMEs segment, a higher growth rate is forecasted for this segment in the security as a service market.
The security as a service market is analyzed on the basis of component, organization size, application, and vertical. Based on component, the market is bifurcated into solutions and services. By organization size, the market is segmented into SMEs and large enterprises. By application, the market is segmented into network security, endpoint security, application security, cloud security, and others. Based on vertical, the market is segmented into BFSI, Government & defense, retail, healthcare, IT & telecom, energy & utilities, manufacturing, and others. Based on geography, the security as a service market is primarily segmented into North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and South America (SAM).
Security as a Service Market Report Scope
Alert Logic, Inc., Barracuda Networks, Inc., IBM Corporation, McAfee LLC, Microsoft Corporation, Radware, Trend Micro Incorporated, Clearswift, Silversky, Zscaler, Inc. are the key Security as a Service market players.
Market players are strongly focusing on mergers and acquisitions. Here is a snapshot of the recent developments in the Security as a Service market:
- In 2022, HelpSystems announced its plans to acquire Alert Logic to provide customers with a hybrid IT approach to address the shortage of cybersecurity skills.
- In 2022, IBM Corporation announced its plans to acquire Randori, a provider of offensive cyber protection and attack surface management. IBM intends to combine Randori's software with the extended detection and response (XDR) features of IBM Security QRadar, according to ITPro.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Component, Organization Size, Application and Vertical
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The incremental growth of the security as a service market during the forecast period is US$ 21,141.2 million with a CAGR of 16.8%
The solution segment led the security as a service in 2021.
The global security as a service market size is projected to reach US$ 34,854.1 Mn by 2028.
APAC is the fastest-growing regional market in the global Security as a service market in 2021.
The key players holding the major market share of security as a service are Alert Logic, Inc., Barracuda Networks, Inc., IBM Corporation, McAfee LLC, Microsoft Corporation, Radware, Trend Micro Incorporated, Clearswift, Silversky, Zscaler, Inc.
The global security as a service market was valued at US$ 12,156.8 Mn in 2021
US, Germany, India, South Africa, and Brazil are the countries are registering a high growth rate during the forecast period.
The Future trends impacting the security as a service market are multi cloud infrastructure.
The driving factors impacting the Security as a service market are increasing adoption of cloud infrastructure and increasing government initiatives to promote cyber security
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
3.4 Industrial Segment Analysis
4. Security As A Service Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 Asia Pacific
4.2.4 Middle East & Africa
4.2.5 South America
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Security As A Service–Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Adoption of Cloud Infrastructure
5.1.2 Increasing Government Initiatives to Promote Cyber security
5.2 Market Restraints
5.2.1 Ability of Vendors to Access Confidential Data
5.3 Market Opportunities
5.3.1 Increasing Adoption of BYOD Modelling
5.4 Market Trend
5.4.1 Multi Cloud Infrastructure
5.5 Impact Analysis of Drivers and Restraints
6. Security As A Service Market – Global Analysis
6.1 Security As A Service Market Global Overview
6.2 Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)
6.3 Market Positioning – Five Key Players
7. Security As A Service Market Analysis – By Component
7.1 Overview
7.2 Security As A Service Market Breakdown, by Component, 2021 & 2028
7.3 Solution
7.3.1 Overview
7.3.2 Solution Market Revenue and Forecast to 2028 (US$ Million)
7.4 Service
7.4.1 Overview
7.4.2 Service Market Revenue and Forecast to 2028 (US$ Million)
8. Security As A Service Market Analysis – By Organization Size
8.1 Overview
8.2 Security As A Service Market Breakdown, by Organization Size, 2021 & 2028
8.3 Small and Medium Enterprises
8.3.1 Overview
8.3.2 Small and Medium Enterprises Market Revenue and Forecast to 2028 (US$ Million)
8.4 Large Enterprises
8.4.1 Overview
8.4.2 Large Enterprises Market Revenue and Forecast to 2028 (US$ Million)
9. Security As A Service Market Analysis – By Application
9.1 Overview
9.2 Security As A Service Market Breakdown, by Application, 2021 & 2028
9.3 Network Security
9.3.1 Overview
9.3.2 Network Security Market Revenue and Forecast to 2028 (US$ Million)
9.4 Endpoint Security
9.4.1 Overview
9.4.2 Endpoint Security Market Revenue and Forecast to 2028 (US$ Million)
9.5 Application Security
9.5.1 Overview
9.5.2 Application Security Market Revenue and Forecast to 2028 (US$ Million)
9.6 Cloud Security
9.6.1 Overview
9.6.2 Cloud Security Market Revenue and Forecast to 2028 (US$ Million)
9.7 Others
9.7.1 Overview
9.7.2 Others Market Revenue and Forecast to 2028 (US$ Million)
10. Security As A Service Market Analysis – By Vertical
10.1 Overview
10.2 Security As A Service Market Breakdown, by Industry, 2021 & 2028
10.3 BFSI
10.3.1 Overview
10.3.2 BFSI Market Revenue and Forecast to 2028 (US$ Million)
10.4 Government & Defence
10.4.1 Overview
10.4.2 Government & Defence Market Revenue and Forecast to 2028 (US$ Million)
10.5 Retail
10.5.1 Overview
10.5.2 Retail Market Revenue and Forecast to 2028 (US$ Million)
10.6 Healthcare
10.6.1 Overview
10.6.2 Healthcare Market Revenue and Forecast to 2028 (US$ Million)
10.7 IT & Telecom
10.7.1 Overview
10.7.2 IT & Telecom Market Revenue and Forecast to 2028 (US$ Million)
10.8 Energy & Utilities
10.8.1 Overview
10.8.2 Energy & Utilities Market Revenue and Forecast to 2028 (US$ Million)
10.9 Manufacturing
10.9.1 Overview
10.9.2 Manufacturing Market Revenue and Forecast to 2028 (US$ Million)
10.10 Others
10.10.1 Overview
10.10.2 Others Market Revenue and Forecast to 2028 (US$ Million)
11. Security As A Service Market – Geographic Analysis
11.1 Overview
11.2 North America: Security As A Service Market
11.2.1 North America: Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)
11.2.2 North America: Security As A Service Market, By Component
11.2.3 North America: Security As A Service Market, By Organization Size
11.2.4 North America: Security As A Service Market, By Application
11.2.5 North America: Security As A Service Market, By Vertical
11.2.6 North America: Security As A Service Market, By Country
11.2.6.1 US: Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)
11.2.6.1.1 US: Security As A Service Market, By Component
11.2.6.1.2 US: Security As A Service Market, By Organization Size
11.2.6.1.3 US: Security As A Service Market, By Application
11.2.6.1.4 US: Security As A Service Market, By Vertical
11.2.6.2 Canada: Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)
11.2.6.2.1 Canada: Security As A Service Market, By Component
11.2.6.2.2 Canada: Security As A Service Market, By Organization Size
11.2.6.2.3 Canada: Security As A Service Market, By Application
11.2.6.2.4 Canada: Security As A Service Market, By Vertical
11.2.6.3 Mexico: Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)
11.2.6.3.1 Mexico: Security As A Service Market, By Component
11.2.6.3.2 Mexico: Security As A Service Market, By Organization Size
11.2.6.3.3 Mexico: Security As A Service Market, By Application
11.2.6.3.4 Mexico: Security As A Service Market, By Vertical
11.3 Europe: Security As A Service Market
11.3.1 Europe: Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)
11.3.2 Europe: Security As A Service Market, By Component
11.3.3 Europe: Security As A Service Market, By Organization Size
11.3.4 Europe: Security As A Service Market, By Application
11.3.5 Europe: Security As A Service Market, By Vertical
11.3.6 Europe: Security As A Service Market, By Country
11.3.6.1 UK: Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)
11.3.6.1.1 UK: Security As A Service Market, By Component
11.3.6.1.2 UK: Security As A Service Market, By Organization Size
11.3.6.1.3 UK: Security As A Service Market, By Application
11.3.6.1.4 UK: Security As A Service Market, By Vertical
11.3.6.2 Germany: Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)
11.3.6.2.1 Germany: Security As A Service Market, By Component
11.3.6.2.2 Germany: Security As A Service Market, By Organization Size
11.3.6.2.3 Germany: Security As A Service Market, By Application
11.3.6.2.4 Germany: Security As A Service Market, By Vertical
11.3.6.3 France: Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)
11.3.6.3.1 France: Security As A Service Market, By Component
11.3.6.3.2 France: Security As A Service Market, By Organization Size
11.3.6.3.3 France: Security As A Service Market, By Application
11.3.6.3.4 France: Security As A Service Market, By Vertical
11.3.6.4 Italy: Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)
11.3.6.4.1 Italy: Security As A Service Market, By Component
11.3.6.4.2 Italy: Security As A Service Market, By Organization Size
11.3.6.4.3 Italy: Security As A Service Market, By Application
11.3.6.4.4 Italy: Security As A Service Market, By Vertical
11.3.6.5 Russia: Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)
11.3.6.5.1 Russia: Security As A Service Market, By Component
11.3.6.5.2 Russia: Security As A Service Market, By Organization Size
11.3.6.5.3 Russia: Security As A Service Market, By Application
11.3.6.5.4 Russia: Security As A Service Market, By Vertical
11.3.6.6 Rest of Europe: Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)
11.3.6.6.1 Rest of Europe: Security As A Service Market, By Component
11.3.6.6.2 Rest of Europe: Security As A Service Market, By Organization Size
11.3.6.6.3 Rest of Europe: Security As A Service Market, By Application
11.3.6.6.4 Rest of Europe: Security As A Service Market, By Vertical
11.4 APAC: Security As A Service Market
11.4.1 APAC: Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)
11.4.2 APAC: Security As A Service Market, By Component
11.4.3 APAC: Security As A Service Market, By Organization Size
11.4.4 APAC: Security As A Service Market, By Application
11.4.5 APAC: Security As A Service Market, By Vertical
11.4.6 APAC: Security As A Service Market, By Country
11.4.6.1 China: Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)
11.4.6.1.1 China: Security As A Service Market, By Component
11.4.6.1.2 China: Security As A Service Market, By Organization Size
11.4.6.1.3 China: Security As A Service Market, By Application
11.4.6.1.4 China: Security As A Service Market, By Vertical
11.4.6.2 Japan: Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)
11.4.6.2.1 Japan: Security As A Service Market, By Component
11.4.6.2.2 Japan: Security As A Service Market, By Organization Size
11.4.6.2.3 Japan: Security As A Service Market, By Application
11.4.6.2.4 Japan: Security As A Service Market, By Vertical
11.4.6.3 India: Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)
11.4.6.3.1 India: Security As A Service Market, By Component
11.4.6.3.2 India: Security As A Service Market, By Organization Size
11.4.6.3.3 India: Security As A Service Market, By Application
11.4.6.3.4 India: Security As A Service Market, By Vertical
11.4.6.4 Australia: Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)
11.4.6.4.1 Australia: Security As A Service Market, By Component
11.4.6.4.2 Australia: Security As A Service Market, By Organization Size
11.4.6.4.3 Australia: Security As A Service Market, By Application
11.4.6.4.4 Australia: Security As A Service Market, By Vertical
11.4.6.5 South Korea: Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)
11.4.6.5.1 South Korea: Security As A Service Market, By Component
11.4.6.5.2 South Korea: Security As A Service Market, By Organization Size
11.4.6.5.3 South Korea: Security As A Service Market, By Application
11.4.6.5.4 South Korea: Security As A Service Market, By Vertical
11.4.6.6 Rest of APAC: Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)
11.4.6.6.1 Rest of APAC: Security As A Service Market, By Component
11.4.6.6.2 Rest of APAC: Security As A Service Market, By Organization Size
11.4.6.6.3 Rest of APAC: Security As A Service Market, By Application
11.4.6.6.4 Rest of APAC: Security As A Service Market, By Vertical
11.5 MEA: Security As A Service Market
11.5.1 MEA: Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)
11.5.2 MEA: Security As A Service Market, By Component
11.5.3 MEA: Security As A Service Market, By Organization Size
11.5.4 MEA: Security As A Service Market, By Application
11.5.5 MEA: Security As A Service Market, By Vertical
11.5.6 MEA: Security As A Service Market, By Country
11.5.6.1 Saudi Arabia: Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)
11.5.6.1.1 Saudi Arabia: Security As A Service Market, By Component
11.5.6.1.2 Saudi Arabia: Security As A Service Market, By Organization Size
11.5.6.1.3 Saudi Arabia: Security As A Service Market, By Application
11.5.6.1.4 Saudi Arabia: Security As A Service Market, By Vertical
11.5.6.2 UAE: Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)
11.5.6.2.1 UAE: Security As A Service Market, By Component
11.5.6.2.2 UAE: Security As A Service Market, By Organization Size
11.5.6.2.3 UAE: Security As A Service Market, By Application
11.5.6.2.4 UAE: Security As A Service Market, By Vertical
11.5.6.3 South Africa: Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)
11.5.6.3.1 South Africa: Security As A Service Market, By Component
11.5.6.3.2 South Africa: Security As A Service Market, By Organization Size
11.5.6.3.3 South Africa: Security As A Service Market, By Application
11.5.6.3.4 South Africa: Security As A Service Market, By Vertical
11.5.6.4 Rest of MEA: Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)
11.5.6.4.1 Rest of MEA: Security As A Service Market, By Component
11.5.6.4.2 Rest of MEA: Security As A Service Market, By Organization Size
11.5.6.4.3 Rest of MEA: Security As A Service Market, By Application
11.5.6.4.4 Rest of MEA: Security As A Service Market, By Vertical
11.6 SAM: Security As A Service Market
11.6.1 SAM: Security As A Service Market – Revenue, and Forecast to 2028 (US$ Million)
11.6.2 SAM: Security As A Service Market, by Component
11.6.3 SAM: Security As A Service Market, by Organization Size
11.6.4 SAM: Security As A Service Market, by Application
11.6.5 SAM: Security As A Service Market, by Vertical
11.6.6 SAM: Security As A Service Market, by Key Country
11.6.6.1 Brazil: Security As A Service Market – Revenue, and Forecast to 2028 (US$ Million)
11.6.6.1.1 Brazil: Security As A Service Market, by Component
11.6.6.1.2 Brazil: Security As A Service Market, by Organization Size
11.6.6.1.3 Brazil: Security As A Service Market, by Application
11.6.6.1.4 Brazil: Security As A Service Market, by Vertical
11.6.6.2 Argentina: Security As A Service Market – Revenue, and Forecast to 2028 (US$ Million)
11.6.6.2.1 Argentina: Security As A Service Market, by Component
11.6.6.2.2 Argentina: Security As A Service Market, by Organization Size
11.6.6.2.3 Argentina: Security As A Service Market, by Application
11.6.6.2.4 Argentina: Security As A Service Market, by Vertical
11.6.6.3 Rest of SAM: Security As A Service Market – Revenue, and Forecast to 2028 (US$ Million)
11.6.6.3.1 Rest of SAM: Security As A Service Market, by Component
11.6.6.3.2 Rest of SAM: Security As A Service Market, by Organization Size
11.6.6.3.3 Rest of SAM: Security As A Service Market, by Application
11.6.6.3.4 Rest of SAM: Security As A Service Market, by Vertical
12. Security As A Service Market - COVID-19 Impact Analysis
12.1 Overview
12.2 North America
12.3 Europe
12.4 Asia-Pacific
12.5 Middle East and Africa
12.6 South America
13. Industry Landscape
14. Company Profiles
15. Appendix
15.1 About The Insight Partners
15.2 Word Index
LIST OF TABLES
Table 1. Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. North America Security As A Service Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Component
Table 3. North America Security As A Service Market, By Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 4. North America Security As A Service Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 5. North America Security As A Service Market, By Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 6. US Security As A Service Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 7. US Security As A Service Market, By Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 8. US Security As A Service Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 9. US Security As A Service Market, By Industry – Revenue and Forecast to 2028 (US$ Million)
Table 10. Canada Security As A Service Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 11. Canada Security As A Service Market, By Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 12. Canada Security As A Service Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 13. Canada Security As A Service Market, By Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 14. Mexico Security As A Service Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 15. Mexico Security As A Service Market, By Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 16. Mexico Security As A Service Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 17. Mexico Security As A Service Market, By Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 18. Europe Security As A Service Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 19. Europe Security As A Service Market, By Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 20. Europe Security As A Service Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 21. Europe Security As A Service Market, By Industry – Revenue and Forecast to 2028 (US$ Million)
Table 22. UK Security As A Service Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 23. UK Security As A Service Market, By Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 24. UK Security As A Service Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 25. UK Security As A Service Market, By Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 26. Germany Security As A Service Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 27. Germany Security As A Service Market, By Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 28. Germany Security As A Service Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 29. Germany Security As A Service Market, By Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 30. France Security As A Service Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 31. France Security As A Service Market, By Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 32. France Security As A Service Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 33. France Security As A Service Market, By Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 34. Italy Security As A Service Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 35. Italy Security As A Service Market, By Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 36. Italy Security As A Service Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 37. Italy Security As A Service Market, By Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 38. Russia Security As A Service Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 39. Russia Security As A Service Market, By Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 40. Russia Security As A Service Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 41. Russia Security As A Service Market, By Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 42. Rest of Europe Security As A Service Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 43. Rest of Europe Security As A Service Market, By Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 44. Rest of Europe Security As A Service Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 45. Rest of Europe Security As A Service Market, By Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 46. APAC Security As A Service Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 47. APAC Security As A Service Market, By Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 48. APAC Security As A Service Market, By Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 49. APAC Security As A Service Market, By Industry – Revenue and Forecast to 2028 (US$ Million)
Table 50. China Security As A Service Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 51. China Security As A Service Market, By Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 52. China Security As A Service Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 53. China Security As A Service Market, By Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 54. Japan Security As A Service Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 55. Japan Security As A Service Market, By Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 56. Japan Security As A Service Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 57. Japan Security As A Service Market, By Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 58. India Security As A Service Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 59. India Security As A Service Market, By Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 60. India Security As A Service Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 61. India Security As A Service Market, By Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 62. Australia Security As A Service Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 63. Australia Security As A Service Market, By Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 64. Australia Security As A Service Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 65. Australia Security As A Service Market, By Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 66. South Korea Security As A Service Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 67. South Korea Security As A Service Market, By Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 68. South Korea Security As A Service Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 69. South Korea Security As A Service Market, By Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 70. Rest of APAC Security As A Service Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 71. Rest of APAC Security As A Service Market, By Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 72. Rest of APAC Security As A Service Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 73. Rest of APAC Security As A Service Market, By Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 74. MEA Security As A Service Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 75. MEA Security As A Service Market, By Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 76. MEA Security As A Service Market, By Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 77. MEA Security As A Service Market, By Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 78. Saudi Arabia Security As A Service Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 79. Saudi Arabia Security As A Service Market, By Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 80. Saudi Arabia Security As A Service Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 81. Saudi Arabia Security As A Service Market, By Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 82. UAE Security As A Service Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 83. UAE Security As A Service Market, By Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 84. UAE Security As A Service Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 85. UAE Security As A Service Market, By Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 86. South Africa Security As A Service Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 87. South Africa Security As A Service Market, By Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 88. South Africa Security As A Service Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 89. South Africa Security As A Service Market, By Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 90. Rest of MEA Security As A Service Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 91. Rest of MEA Security As A Service Market, By Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 92. Rest of MEA Security As A Service Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 93. Rest of MEA Security As A Service Market, By Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 94. SAM Security As A Service Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 95. SAM Security As A Service Market, by Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 96. SAM Security As A Service Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 97. SAM Security As A Service Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 98. Brazil Security As A Service Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 99. Brazil Security As A Service Market, by Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 100. Brazil Security As A Service Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 101. Brazil Security As A Service Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 102. Argentina: Security As A Service Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 103. Argentina: Security As A Service Market, by Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 104. Argentina: Security As A Service Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 105. Argentina: Security As A Service Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 106. Rest of SAM: Security As A Service Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 107. Rest of SAM: Security As A Service Market, by Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 108. Rest of SAM: Security As A Service Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 109. Rest of SAM: Security As A Service Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 110. List of Abbreviation
LIST OF FIGURES
Figure 1. Security As A Service Market Segmentation
Figure 2. Security As A Service Market Segmentation – By Geography
Figure 3. Global Security As A Service Market Overview
Figure 4. Security As A Service Market, By Component
Figure 5. Security As A Service Market, By Organization Size
Figure 6. Security As A Service Market, By Application
Figure 7. Security As A Service Market, By Vertical
Figure 8. Security As A Service Market, By Geography
Figure 9. North America – PEST Analysis
Figure 10. Europe – PEST Analysis
Figure 11. Asia Pacific – PEST Analysis
Figure 12. Middle East & Africa – PEST Analysis
Figure 13. South America – PEST Analysis
Figure 14. Expert Opinion
Figure 15. Digital Business Support System Market Impact Analysis of Drivers and Restraints
Figure 16. Geographic Overview of Security As A Service Market
Figure 17. Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Security As A Service Market Breakdown, by Component (2021 and 2028)
Figure 19. Solution Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Service Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. Security As A Service Market Breakdown, by Organization Size (2021 and 2028)
Figure 22. Small and Medium Enterprises Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. Large Enterprises Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. Security As A Service Market Breakdown, by Application (2021 and 2028)
Figure 25. Network Security Market Revenue and Forecast to 2028 (US$ Million)
Figure 26. Endpoint Security Market Revenue and Forecast to 2028 (US$ Million)
Figure 27. Application Security Market Revenue and Forecast to 2028 (US$ Million)
Figure 28. Cloud Security Market Revenue and Forecast to 2028 (US$ Million)
Figure 29. Others Market Revenue and Forecast to 2028 (US$ Million)
Figure 30. Security As A Service Market Breakdown, by Vertical (2021 and 2028)
Figure 31. BFSI Market Revenue and Forecast to 2028 (US$ Million)
Figure 32. Government & Defense Market Revenue and Forecast to 2028 (US$ Million)
Figure 33. Retail Market Revenue and Forecast to 2028 (US$ Million)
Figure 34. Healthcare Market Revenue and Forecast to 2028 (US$ Million)
Figure 35. IT & Telecom Market Revenue and Forecast to 2028 (US$ Million)
Figure 36. Energy & Utilities Market Revenue and Forecast to 2028 (US$ Million)
Figure 37. Manufacturing Market Revenue and Forecast to 2028 (US$ Million)
Figure 38. Others Market Revenue and Forecast to 2028 (US$ Million)
Figure 39. Global Security As A Service Market Revenue Share, by Region (2021 and 2028)
Figure 40. North America: Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)
Figure 41. North America Security As A Service Market Revenue Share, By Component (2021 and 2028)
Figure 42. North America Security As A Service Market Revenue Share, By Organization Size (2021 and 2028)
Figure 43. North America Security As A Service Market Revenue Share, By Application (2021 and 2028)
Figure 44. North America Security As A Service Market Revenue Share, By Vertical (2021 and 2028)
Figure 45. North America Security As A Service Market Revenue Share, By Country (2021 and 2028)
Figure 46. US: Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)
Figure 47. Canada: Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)
Figure 48. Mexico: Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)
Figure 49. Europe: Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)
Figure 50. Europe: Security As A Service Market Revenue Share, By Component (2021 and 2028)
Figure 51. Europe Security As A Service Market Revenue Share, By Organization Size (2021 and 2028)
Figure 52. Europe Security As A Service Market Revenue Share, By Application (2021 and 2028)
Figure 53. Europe Security As A Service Market Revenue Share, By Vertical (2021 and 2028)
Figure 54. Europe Security As A Service Market Revenue Share, By Country (2021 and 2028)
Figure 55. UK: Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)
Figure 56. Germany: Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)
Figure 57. France: Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)
Figure 58. Italy: Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)
Figure 59. Russia: Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)
Figure 60. Rest of Europe: Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)
Figure 61. APAC: Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)
Figure 62. APAC: Security As A Service Market Revenue Share, By Component (2021 and 2028)
Figure 63. APAC Security As A Service Market Revenue Share, By Organization Size (2021 and 2028)
Figure 64. APAC Security As A Service Market Revenue Share, By Application (2021 and 2028)
Figure 65. APAC Security As A Service Market Revenue Share, By Vertical (2021 and 2028)
Figure 66. APAC Security As A Service Market Revenue Share, By Country (2021 and 2028)
Figure 67. China: Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)
Figure 68. Japan: Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)
Figure 69. India: Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)
Figure 70. Australia: Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)
Figure 71. South Korea: Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)
Figure 72. Rest of APAC: Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)
Figure 73. MEA: Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)
Figure 74. MEA: Security As A Service Market Revenue Share, By Component (2021 and 2028)
Figure 75. MEA Security As A Service Market Revenue Share, By Organization Size (2021 and 2028)
Figure 76. MEA Security As A Service Market Revenue Share, By Application (2021 and 2028)
Figure 77. MEA Security As A Service Market Revenue Share, By Vertical (2021 and 2028)
Figure 78. MEA Security As A Service Market Revenue Share, By Country (2021 and 2028)
Figure 79. Saudi Arabia: Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)
Figure 80. UAE: Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)
Figure 81. South Africa: Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)
Figure 82. Rest of MEA: Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)
Figure 83. SAM: Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)
Figure 84. SAM: Security As A Service Market Revenue Share, by Component (2021 and 2028)
Figure 85. SAM: Security As A Service Market Revenue Share, by Organization Size (2021 and 2028)
Figure 86. SAM: Security As A Service Market Revenue Share, by Application (2021 and 2028)
Figure 87. SAM: Security As A Service Market Revenue Share, by Vertical (2021 and 2028)
Figure 88. SAM: Security As A Service Market Revenue Share, by Key Country (2021 and 2028)
Figure 89. Brazil: Security As A Service Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 90. Argentina: Security As A Service Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 91. Rest of SAM: Security As A Service Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 92. Impact of COVID-19 Pandemic in North American Country Markets
Figure 93. Impact of COVID-19 Pandemic in Europe Country Markets
Figure 94. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 95. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets
Figure 96. Impact of COVID-19 Pandemic in South America Country Markets
The List of Companies - Security As A Service Market
- Alert Logic, Inc.
- Barracuda Networks, Inc.
- IBM Corporation
- McAfee LLC
- Microsoft Corporation
- Radware
- Trend Micro Incorporated
- Clearswift
- Silversky
- Zscaler, Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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