““Rise in demand for cloud-based security”
The SECaaS market size is expected to grow from USD 3.12 billion in 2017 to USD 8.52 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 22.2%. Major factors contributing to the growth of SECaaS market are- rise in demand for cloud-based security and high on-premises security cost for organization.
“Endpoint protection solution to gain maximum traction during the forecast period”
The endpoint protection solution is estimated to contribute the largest market share duing the forecast period. Furthermore, due to rise in malware, ransomware, and cyber-attacks, the demand for endpoint protection is expected to increase in the next five years. The training and education services segment is expected to contribute the largest market share in the SECaaS market during the forecast period.
“North America to be the largest market for SECaaS during the forecast period”
The North America region holds the largest share of the SECaaS market. The major driver for this region is the mounting level of cloud-based applications adopted by both SMEs and large enterprises. The U.S. has the largest market share in the region followed by Canada. The European market is the second biggest market after North America. The region consists of major growing economies such as the U.K., Germany, and France, which present great growth opportunities for the SECaaS market.
In the process of determining and verifying the market size for several segments and sub-segments gathered through secondary research, extensive primary interviews were conducted with key people. Break-up of profile of primary participants is as follows:
• By Company Type: Tier 1 – 55 %, Tier 2 – 20% and Tier 3 – 25%
• By Designation: C level – 60%, Director level – 25%, Others – 15%
• By Region: North America – 10%, Europe – 20%, APAC – 40%, RoW – 30%
BYOD policy is gaining popularity in SMBs and large enterprises and is changing the way user’s access the organizational data. As the technology related to BYOD is improving, organizations are mobilizing their workforce. Cloud-based security and opportunities in mobile technology together will allow organizations to innovate in new ways. BYOD trend is pushing organizations to adopt cloud-based security. The enterprises will hold the maximum market share in the SECaaS market.
The various key SECaaS vendors profiled in the report are as follows:
1. Symantec Corporation
2. Cisco Systems, Inc.
3. McAfee
4. Trend Micro
5. Fortinet, Inc.
6. Panda Security
7. CipherCloud
8. ZScaler, Inc.
9. Alert Logic, Inc.
10. Radware Ltd.
The report will help the market leaders/new entrants in this market in the following ways:
1. This report segments the SECaaS market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the sub-segments across different verticals and regions.
2. The report helps stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
3. This report will help the stakeholders to better understand the competitors and gain more insights to better their positions in the business. The competitive landscape section includes competitor ecosystem, new product develpoments, partnerships, and mergers and acquisitions.
”
1 INTRODUCTION 13
1.1 OBJECTIVES OF THE STUDY 13
1.2 MARKET DEFINITION 13
1.3 MARKET SCOPE 14
1.3.1 MARKETS COVERED 14
1.3.2 YEARS CONSIDERED FOR THE STUDY 14
1.4 CURRENCY 15
1.5 LIMITATIONS 15
1.6 STAKEHOLDERS 15
2 RESEARCH METHODOLOGY 16
2.1 RESEARCH DATA 16
2.1.1 SECONDARY DATA 17
2.1.1.1 Key data from secondary sources 17
2.1.2 PRIMARY DATA 17
2.1.2.1 Key data from primary sources 18
2.1.2.2 Key industry insights 19
2.1.2.3 Breakdown of primary interviews 19
2.2 MARKET SIZE ESTIMATION 20
2.2.1 BOTTOM-UP APPROACH 20
2.2.2 TOP-DOWN APPROACH 21
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 22
2.4 RESEARCH ASSUMPTIONS 23
3 EXECUTIVE SUMMARY 24
4 PREMIUM INSIGHTS 28
4.1 ATTRACTIVE MARKET OPPORTUNITIES IN THE GLOBAL SECAAS MARKET 28
4.2 SECAAS MARKET, BY COMPONENT 28
4.3 SECAAS GLOBAL MARKET 29
4.4 LIFECYCLE ANALYSIS, BY REGION, 2017 30
5 MARKET OVERVIEW 31
5.1 INTRODUCTION 32
5.2 MARKET EVOLUTION 32
5.3 MARKET SEGMENTATION 33
5.3.1 BY SOLUTION 33
5.3.2 BY SERVICE 33
5.3.3 BY APPLICATION 33
5.3.4 BY ORGANIZATION SIZE 34
5.3.5 VERTICAL 34
5.3.6 BY REGION 34
5.4 MARKET DYNAMICS 35
5.4.1 DRIVERS 35
5.4.1.1 Rise in demand for cloud-based security 35
5.4.1.2 Shift from traditional security to advanced security 36
5.4.1.3 High on-premise security cost for organization 36
5.4.2 RESTRAINTS 37
5.4.2.1 Availability of free security solutions 37
5.4.2.2 Organizations skeptical about cloud-based security 37
5.4.3 OPPORTUNITIES 37
5.4.3.1 Organizations turning toward Managed security service provider 37
5.4.3.2 Growing BYOD trend among organizations 38
5.4.4 CHALLENGE 38
5.4.4.1 Dynamic cyber threat landscape 38
5.5 INNOVATION SPOTLIGHT 39
6 INDUSTRY TRENDS 40
6.1 INTRODUCTION 40
6.2 VALUE CHAIN ANALYSIS 40
6.3 STRATEGIC BENCHMARKING 41
6.3.1 STRATEGIC BENCHMARKING: NEW PRODUCT LAUNCHES AND PARTNERSHIPS OF TOP VENDORS 41
6.4 DEMAND OVERVIEW 42
6.5 REGULATORY IMPLICATIONS 43
7 SECURITY AS A SERVICE MARKET ANALYSIS, BY SOLUTION 44
7.1 INTRODUCTION 45
7.2 ENDPOINT PROTECTION 46
7.3 SECURITY INFORMATION AND EVENT MANAGEMENT (SIEM) 47
7.4 IDENTITY ACCESS MANAGEMENT (IAM) 48
7.5 INTRUSION DETECTION AND PREVENTION SYSTEMS (IDS/IPS) 48
7.6 EMAIL ENCRYPTION 49
7.7 DATA LOSS PREVENTION (DLP) 50
7.8 OTHERS 51
8 SECURITY AS A SERVICE MARKET ANALYSIS, BY SERVICE 52
8.1 INTRODUCTION 53
8.2 TRAINING AND EDUCATION 54
8.3 CONSULTING SERVICES 55
9 SECURITY AS A SERVICE MARKET ANALYSIS, BY APPLICATION AREA 56
9.1 INTRODUCTION 57
9.2 NETWORK SECURITY 58
9.3 WEB SECURITY 59
9.4 EMAIL SECURITY 60
9.5 DATABASE CLOUD SECURITY 61
9.6 OTHERS 62
10 SECURITY AS A SERVICE MARKET ANALYSIS, BY ORGANIZATION SIZE 63
10.1 INTRODUCTION 64
10.2 SMALL AND MEDIUM ENTERPRISES (SMES) 65
10.3 ENTERPRISES 66
11 SECURITY AS A SERVICE MARKET ANALYSIS, BY VERTICAL 67
11.1 INTRODUCTION 68
11.2 IT AND TELECOM 69
11.3 BANKING, FINANCIAL SERVICES, AND INSURANCE 69
11.4 RETAIL 70
11.5 HEALTHCARE 71
11.6 GOVERNMENT AND DEFENSE 72
11.7 OIL AND GAS 73
11.8 OTHERS 74
12 GEOGRAPHIC ANALYSIS 75
12.1 INTRODUCTION 76
12.2 NORTH AMERICA 78
12.3 EUROPE 82
12.4 ASIA-PACIFIC (APAC) 85
12.5 MIDDLE EAST AND AFRICA (MEA) 88
12.6 LATIN AMERICA 91
13 COMPETITIVE LANDSCAPE 95
13.1 OVERVIEW 95
13.2 COMPETITIVE SITUATION AND TRENDS 96
13.2.1 NEW PRODUCT LAUNCHES 97
13.2.2 NEW ALLIANCES, CONTRACTS, PARTNERSHIPS, AND AGREEMENTS 98
13.2.3 MERGERS AND ACQUISITIONS 99
13.2.4 EXPANSIONS 99
14 COMPANY PROFILES 100
14.1 SYMANTEC CORPORATION 101
14.2 MCAFEE (INTEL SECURITY) 104
14.3 TREND MICRO 106
14.4 CISCO SYSTEMS, INC. 109
14.5 FORTINET, INC. 112
14.6 PANDA SECURITY 115
14.7 CIPHERCLOUD 116
14.8 ZSCALER, INC. 118
14.9 ALERT LOGIC, INC. 119
14.10 RADWARE LTD 121
15 APPENDIX 123
15.1 OTHER DEVELOPMENT 123
15.2 DISCUSSION GUIDE 126
15.3 INDUSTRY EXPERTS 128
15.4 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 129
15.5 RELATED REPORTS 131
“
