"Smart Strategies, Giving Speed to your Growth Trajectory"

Security as a Service Market Size, Share & Industry Analysis By Component (Solution, Services), By Organization Size (Small & Medium Enterprises, Large Enterprises), By Application (Network Security, Endpoint Security, Application Security, Cloud Security, Others), By Industry (BFSI, Government, Healthcare, Retail & E-commerce) And Regional Forecast, 2024-2032

Region : Global | Report ID: FBI106505 | Status : Ongoing

 

KEY MARKET INSIGHTS

Security as a service is a method to provide security technologies to organization for data centers or regional gateways. It has become an important model for businesses to grow mobile and cloud deployments as it helps to provide secure access to applications. There are multiple types of security solutions which are used to improve organizations application security. These security solution includes data loss prevention (DLP), compliance solutions, advanced malware prevention, cloud access security brokers formulating choices, and continuous monitoring, among others. Service providers offer their services on a subscription basis to organizations at an affordable cost. Owing to these advantages, demand for security as a service marketing is growing among end-use industries which is expected to propel the growth of the security as a service market.


Security as a service are significantly used in organizations as it provides several benefits over traditional methods such as faster operations, constant virus updates, cost effective solutions, and faster operations. Use of cloud technology has increased significantly over the years as a result of this, it has created the need to have more cost-effective and protected security solutions. Furthermore, rise in digitization and growing adoption of cloud-based services in multiple industries increases demand for security solution globally. In past few years, many businesses have implemented business applications, bring your own device (BYOD) policies, choose your own device (CYOD) trends and other technologies. Adoption of these policy offer work flexibility and increased employee productivity. These has increased concern for confidentiality and integrity of the organizational data. In order to ensure the organizational data safety, demand for security as a service has prominently increased which is anticipated to fuel the growth of the market.

IMPACT OF COVID-19 ON SECURITY AS A SERVICE MARKET


The COVID-19 had positive impact on the security as a service market. COVID-19 pandemic has ramifications for the security service providers for short term as well as long term outlook. Due to pandemic, many businesses, manufacturing plants, retail business were negatively affected due to imposition of lockdown. However, the pandemic has resulted in the shift toward remote working environments. Adoption of work from home policy has increased demand for cloud-based security solutions and it has created awareness among organizations regarding data security and cyber-attacks. Also, many small and medium size enterprises and large enterprises have increased their budget spending for cyber security related solutions. Thus, it is analyzed that COVID-19 pandemic has transformed the approach of a company’s management towards cybersecurity and it has positively impacted the security as a service market.

KEY INSIGHTS


The report will cover following key insights:


  • Micro Macro Economic Indicators

  • Drivers, Restraints, Trends and Opportunities

  • Business Strategies Adopted by the Players

  • Impact of COVID-19 on Security as a service Market

  • Consolidated SWOT Analysis of Key Players


REGIONAL ANALYSIS


To gain extensive insights into the market, Request for Customization


North America is expected hold the largest market share in the global market. Demand for security as a service is significantly increasing across the region to protect organizations confidential data from cyber-attacks. Additionally, intense competition and the U.S. government regulations regarding cyber security have encouraged the market to create a better service, complying with government regulations which is anticipated to boost the demand for security as a service market in this region. The presence of major market players such as IBM Corporation, Microsoft Corporation, Forcepoint, and Cisco Systems, among others helps in generating revenue in the region.

Asia Pacific is anticipated to showcase significant growth during forecast period. Growing adoption of security as a services across China, India, Singapore, South Korea and others are expected to drive the market growth rapidly in this region. Small and medium enterprises, as well as large enterprises in the Asia Pacific region, have become more aware of the rise in number of cybercrimes, which results in growing adoption of security as a service to reduce cyber threats. In addition, presence of adequate number of market vendors is propelling demand for security as a service in the region.

KEY PLAYERS COVERED


The report will include the profiles of key players such as Trend Micro Incorporated, IBM Corporation, Microsoft Corporation, Zscaler, Inc., Forcepoint, Sophos Ltd., Clearswift, Alert Logic, Barracuda Networks, Cisco Systems, Fortinet, Radware, NortonLifeLock, Sentinel Technologies, Proofpoint, Kaspersky Lab, HackerOne, and others.

Key players in the market like Trend Micro Incorporated, IBM Corporation, Microsoft Corporation, and Forcepoint etc. are entering into strategic partnerships and collaborations to expand the business. Market players are focused on new product launch and product enhancement in existing product to accelerate market growth.

SEGMENTATION






























  ATTRIBUTE

   DETAILS

By Component



  • Solution

  • Services



By Organization Size



  • Small & Medium Enterprises

  • Large Enterprises



By Application



  • Network Security

  • Endpoint Security

  • Application Security

  • Cloud Security

  • Others



By Industry



  • BFSI

  • Government

  • Healthcare

  • Retail & E-commerce

  • IT & Telecom

  • Energy & Utility

  • Manufacturing

  • Others



By Geography



  • North America (U.S., Canada, and Mexico)

  • Europe (U.K., Germany, France, Italy, Spain, Russia, Benelux, Nordics and Rest of Europe)

  • Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania and Rest of Asia Pacific)

  • Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa and Rest of MEA)

  • South America (Brazil, Argentina and Rest of South America)



KEY INDUSTRY DEVELOPMENTS



  • October 2021- Forcepoint partnered with KPMG India to offer data protection services to businesses in India. This partnership will enable enterprises and government agencies to protect their critical data from cyber-attacks.

  • July 2021- Trend Micro Incorporated announced collaboration with Microsoft Corporation. Through this collaboration Trend Micro Incorporated aims to deliver technologically advanced and more secured cybersecurity for joint customers.


  • Ongoing
  • 2023
  • 2019-2022

    CHOOSE LICENSE TYPE

  • $4850
    $5850
    $6850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Information & Technology Clients

Lek
ey
Panasonic
Sony
Yahoo

Client Testimonials

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X