The security as a service solution also referred to as SaaS is an outsourcing model used for security management in different organizations. Generally, SaaS solutions are subscription-based and more cost-effective than majority of individuals or enterprises offering their own security solutions. Generally, these security solutions include anti-virus, intrusion detection, authentication, anti-malware/spyware, penetration testing, and security event management. The SaaS solutions providers incorporate their cloud security services into corporate network, in order to offer cloud-base security services to different organizations. There are different categories included in SaaS solutions such as network security, email security, encryption, security assessment, data loss prevention, web security, and more. The security as a service can be deployed on monthly rental basis.

Market Dynamics

Growing adoption of cloud computing is expected to drive growth of the global security-as-a-service market over the forecast period. As Adoption of cloud computing for various applications such as email services, data backups, and ERP, CRM and collaboration services has increased significantly in the recent past. This, in turn, has increased implementation of SaaS in various enterprises. Moreover, increasing demand for integrated data protection and solutions among SMEs is expected to present lucrative growth opportunity for the global security as a service market. As Small- and mid-sized enterprises have started progressively implementing SaaS solutions in the recent past. Integrated data protection and solutions provide various services including complete backup, deduplication, replication, recovery, instant access, and restoration. Such services deliver powerful data protection capabilities and thus are being increasingly adopted by SMEs. Furthermore, adoption of integrated data protection minimizes additional expenditure on operations, which proves to be essential for SMEs, considering their limited overall budget.

Market Taxonomy

This report segments the global security-as-a-Service market on the basis of enterprise size the market is segmented into, small enterprise, medium enterprise, and large enterprise. On the basis of industries, the global security-as-a-Service market is segmented into, BFSI, IT and telecom, healthcare, retail and consumer goods, others. On the basis of region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East and Africa.

Key features of the study

• This report provides an in-depth analysis of the global security-as-a-Service market and provides market size (US$ Million) and Compound Annual Growth Rate (CAGR %) for the forecast period (2019 – 2027), considering 2018 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
• It profiles leading players in the global security-as-a-Service market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key players operating in the global security-as-a-Service are Proofpoint Inc., Okta, Inc., Gemalto NV, Qualys, Inc., Intel Security, Zscaler, Inc., Cisco Systems Inc., Alert Logic, Inc., Oracle Corporation, and Trend Micro Inc.
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up-gradation, market expansion, and marketing tactics
• The global security-as-a-Service market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global Security-as-a-Service market.

Market Segmentation

• By Enterprise Size Insights
  • Small Enterprise
  • Medium Enterprise
  • Large Enterprise
• By Industry Insights
  • BFSI
  • IT and Telecom
  • Healthcare
  • Retail and Consumer Goods
  • Others
• By Region Insights
  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • U.K.
    • Spain
    • France
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC Countries
    • Israel
    • Rest of Middle East & Africa
• Key Players 
  • Proofpoint Inc.
  • Okta, Inc.
  • Gemalto NV
  • Qualys, Inc.
  • Intel Security
  • Zscaler, Inc.
  • Cisco Systems Inc.
  • Alert Logic, Inc.
  • Oracle Corporation
  • Trend Micro Inc.