Security as a service (SECaaS) is a business model in which a service provider integrates their security services into a corporate infrastructure on a subscription basis more cost effectively than most individuals or corporations can provide on their own , when total cost of ownership is considered .
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Increasing demand for cloud-based security and shift from traditional security to advanced security are the substantial driving factors of the market across the globe. Security as a Service (SECaaS) offer various benefits such as it is labor intensive activity , it easily access to advanced security tools , it often position information security as a business enabler , it quickly access to contextual expertise and many more. These benefits are also promoting the demand of Security as a Service (SECaaS) across the world.
The Major Market Player : Symantec , McAfee , Trend Micro , Cisco , Fortinet , Panda Security , Ciphercloud , Zscaler , Alert Logic , Radware , Nominum Inc. , Oracle Corporation
Global Security as a Service (SECaaS) Market valued approximately USD 3.733 billion in 2016 is anticipated to grow with a healthy growth rate of more than 23.13% over the forecast period 2018-2025. The Security as a Service (SECaaS) Market is continuously growing in the global scenario at significant pace. Security as a service (SecaaS or SaaS) is a cloud computing model that delivers managed security services over the internet.
The regional analysis of Global Security as a Service (SECaaS) Market is considered for the key regions such as Asia Pacific , North America , Europe , Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to increasing Internet-of-things (IoT) , growing trend of Bring your own device (BYOD) and favorable government support in the region.
Europe is anticipated a stable growth in the global Security as a Service (SECaaS) market during the forecast period. Asia-Pacific is also anticipated to exhibit higher growth rate / CAGR over the forecast period 2018-2025 due to increasing cyber crimes and growing cloud infrastructure in the region.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore , the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market.
The detailed segments and sub-segment of the market are explained below:
By Type: Email Encryption , SIEM , Identify and Access Management (IAM) , End-Point Protection , Intrusion Detection and Prevention System (IDS/IPS) , DLP , Others
By Application: IT & Telecom , BFSI , Retail , Healthcare , Government & Defense , Oil & Gas , Others
Years considered for the study are as follows:
- Historical year 2015 , 2016
- Base year 2017
- Forecast period 2018 to 2025
Target Audience of the Global Security as a Service (SECaaS) Market in Market Study:
- Key Consulting Companies & Advisors
- Large , medium-sized , and small enterprises
- Venture capitalists
- Value-Added Resellers (VARs)
- Third-party knowledge providers
- Investment bankers
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