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Cloud-Based Security According to estimates made in 2023, the market size was $11.10 billion. With a predicted CAGR (compound annual growth rate) of 19.35% from 2024 to 2031, the security as a service market is expected to expand from $12.98B in 2024 to $46.52B in 2031. The primary factors fueling market expansion are the growing demand for cloud-based security services and the growing support for the bring-your-own-device (BYOD) initiative.
By moving their infrastructure to the cloud, businesses can integrate auxiliary technologies like software-defined perimeters to build platforms that are both powerful and safe. One factor propelling the global cyber security market is the issuance of specific rules and laws by a number of governments regarding the security of cloud platforms. Moving to cloud-based platforms like Software-as-a-Service (SaaS) and Infrastructure-as-a-Service (IaaS) is a continuing goal for SMEs looking to upgrade their applications and infrastructures. Cybercriminals often target small and medium-sized enterprises (SMEs) across all industries in an effort to find and exploit security flaws in their models. Cyberattacks like malware, ransomware, phishing, and DNS data exfiltration cannot be prevented by using traditional appliance-based security gateways and firewalls to protect cloud-based applications.
Security administrators at small and medium-sized enterprises (SMEs) are driving the demand for cloud-based security as a service solutions to optimize performance, secure web and mobile applications, and key network infrastructures as SMEs focus on cloud platform adoption. Secure your apps, data, users, and devices without installing a plethora of security gear on-premises using cloud-based security as a service solutions. As more and more small and medium-sized enterprises (SMEs) look to the cloud to resolve data and information security issues, there will be a greater need for security as a service solutions that are based on the cloud. This will create chances for growth in the market.
For obvious reasons related to data safety, many companies are wary about cloud-based security solutions' widespread use. One of the biggest worries for businesses worldwide is security, according to Rights Cale's 2019 state of the cloud research. Data and applications are still preferred to be maintained on-premises by enterprises, even when cloud-based security offers cost benefits. Moving to cloud-based security can be a daunting prospect for IT professionals used to working with on-premises security software. They worry about giving up control and ownership of their data.
There has been an exponential increase in the frequency of cyberattacks in the modern, complicated IT security landscape. Also, some people think cloud-based standards aren't ready for the seriousness of IT security issues just yet. Despite the growing popularity of cloud-based security solutions, few businesses are aware of the dangers that may lurk in the shadows. Market expansion in security as a service is being held back by the scepticism of enterprises making the move to the cloud.
For the security as a service industry, COVID-19 was a boon. There are both immediate and far-reaching consequences for security service providers caused by the COVID-19 epidemic. The implementation of lockdown due to the pandemic had a significant impact on numerous enterprises, manufacturing plants, and retail establishments. Nonetheless, working remotely has become the norm as a consequence of the pandemic. There has been a rise in the demand for cloud-based security solutions and a corresponding rise in awareness of data security and cyber-attacks among enterprises due to the adoption of work-from-home policies. Cybersecurity solutions have also become a larger portion of the budgets of both large and small businesses. The COVID-19 pandemic has had a beneficial effect on the security as a service sector and changed the way firm management approaches cybersecurity, according to the analysis.
The expansion of cloud computing is fueling the security as a service market's compound annual growth rate (CAGR). Companies can construct extremely secure cloud platforms with the use of supplementary infrastructure technologies and software-defined perimeters. The development of cloud platform security standards and legislation by several countries is also contributing to the expansion of the global cyber security market. A frequent method for small and medium-sized enterprises (SMEs) modernizing their applications and infrastructures is to move to cloud-based platforms such as Software-as-a-Service (SaaS) and Infrastructure-as-a-Service (IaaS). These challenges will likely lead to an increase in demand for security as a service in the future.
On top of that, hackers target small and medium-sized businesses (SMEs) across all industries because of their vulnerabilities. Internet applications hosted in the cloud are particularly vulnerable to cyberattacks such as phishing, malware, and DNS data exfiltration, making typical firewalls and security gateways inadequate. There is no need for complicated on-premises security infrastructure when using security as a service in the public internet to protect data, people, and devices. Security as a service is thus becoming more common, which is driving the growth of the global market.
Report Coverage
Global Security as a service research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Security as a service report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Security as a service competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Security as a service market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Security as a service market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Security as a service market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Trend Micro (Japan), Zscaler (US), McAfee (US), IBM (US), Microsoft (US), Clearswift (UK), Alert Logic (US), Forcepoint (US), Sophos (UK), Barracuda Networks (US), Cygilant (US), Cisco (US), Fortinet (US), Panda Security (Spain), Radware (China), and Mindsight (US)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Security as a service market based on the below-mentioned segments:
Global Security as a service Market, By Component
Solution
Service
Global Security as a service market, By Application
Network security
Email-security
Database cloud security
Web security
Others
Global Security as a service Market, By Organization Size
Small & Medium Enterprises
Large Enterprises
Global Security as a service market, Regional Analysis
By moving their infrastructure to the cloud, businesses can integrate auxiliary technologies like software-defined perimeters to build platforms that are both powerful and safe. One factor propelling the global cyber security market is the issuance of specific rules and laws by a number of governments regarding the security of cloud platforms. Moving to cloud-based platforms like Software-as-a-Service (SaaS) and Infrastructure-as-a-Service (IaaS) is a continuing goal for SMEs looking to upgrade their applications and infrastructures. Cybercriminals often target small and medium-sized enterprises (SMEs) across all industries in an effort to find and exploit security flaws in their models. Cyberattacks like malware, ransomware, phishing, and DNS data exfiltration cannot be prevented by using traditional appliance-based security gateways and firewalls to protect cloud-based applications.
Security administrators at small and medium-sized enterprises (SMEs) are driving the demand for cloud-based security as a service solutions to optimize performance, secure web and mobile applications, and key network infrastructures as SMEs focus on cloud platform adoption. Secure your apps, data, users, and devices without installing a plethora of security gear on-premises using cloud-based security as a service solutions. As more and more small and medium-sized enterprises (SMEs) look to the cloud to resolve data and information security issues, there will be a greater need for security as a service solutions that are based on the cloud. This will create chances for growth in the market.
For obvious reasons related to data safety, many companies are wary about cloud-based security solutions' widespread use. One of the biggest worries for businesses worldwide is security, according to Rights Cale's 2019 state of the cloud research. Data and applications are still preferred to be maintained on-premises by enterprises, even when cloud-based security offers cost benefits. Moving to cloud-based security can be a daunting prospect for IT professionals used to working with on-premises security software. They worry about giving up control and ownership of their data.
There has been an exponential increase in the frequency of cyberattacks in the modern, complicated IT security landscape. Also, some people think cloud-based standards aren't ready for the seriousness of IT security issues just yet. Despite the growing popularity of cloud-based security solutions, few businesses are aware of the dangers that may lurk in the shadows. Market expansion in security as a service is being held back by the scepticism of enterprises making the move to the cloud.
For the security as a service industry, COVID-19 was a boon. There are both immediate and far-reaching consequences for security service providers caused by the COVID-19 epidemic. The implementation of lockdown due to the pandemic had a significant impact on numerous enterprises, manufacturing plants, and retail establishments. Nonetheless, working remotely has become the norm as a consequence of the pandemic. There has been a rise in the demand for cloud-based security solutions and a corresponding rise in awareness of data security and cyber-attacks among enterprises due to the adoption of work-from-home policies. Cybersecurity solutions have also become a larger portion of the budgets of both large and small businesses. The COVID-19 pandemic has had a beneficial effect on the security as a service sector and changed the way firm management approaches cybersecurity, according to the analysis.
The expansion of cloud computing is fueling the security as a service market's compound annual growth rate (CAGR). Companies can construct extremely secure cloud platforms with the use of supplementary infrastructure technologies and software-defined perimeters. The development of cloud platform security standards and legislation by several countries is also contributing to the expansion of the global cyber security market. A frequent method for small and medium-sized enterprises (SMEs) modernizing their applications and infrastructures is to move to cloud-based platforms such as Software-as-a-Service (SaaS) and Infrastructure-as-a-Service (IaaS). These challenges will likely lead to an increase in demand for security as a service in the future.
On top of that, hackers target small and medium-sized businesses (SMEs) across all industries because of their vulnerabilities. Internet applications hosted in the cloud are particularly vulnerable to cyberattacks such as phishing, malware, and DNS data exfiltration, making typical firewalls and security gateways inadequate. There is no need for complicated on-premises security infrastructure when using security as a service in the public internet to protect data, people, and devices. Security as a service is thus becoming more common, which is driving the growth of the global market.
Report Coverage
Global Security as a service research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Security as a service report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Security as a service competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Security as a service market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2031 |
| Base Year | 2023 |
| Forecast Period | 2023-2031 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Trend Micro (Japan), Zscaler (US), McAfee (US), IBM (US), Microsoft (US), Clearswift (UK), Alert Logic (US), Forcepoint (US), Sophos (UK), Barracuda Networks (US), Cygilant (US), Cisco (US), Fortinet (US), Panda Security (Spain), Radware (China), and Mindsight (US) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Security as a service Market from 2021 to 2031.
- Market Forecast for Security as a service Market from 2021 to 2031.
- Regional Market Share and Revenue from 2021 to 2031.
- Country Market share within region from 2021 to 2031.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Security as a service competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Security as a service
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Security as a service market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Security as a service market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Trend Micro (Japan), Zscaler (US), McAfee (US), IBM (US), Microsoft (US), Clearswift (UK), Alert Logic (US), Forcepoint (US), Sophos (UK), Barracuda Networks (US), Cygilant (US), Cisco (US), Fortinet (US), Panda Security (Spain), Radware (China), and Mindsight (US)
Primary Target Market
- Market Players of Security as a service
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Security as a service market based on the below-mentioned segments:
Global Security as a service Market, By Component
Solution
Service
Global Security as a service market, By Application
Network security
Email-security
Database cloud security
Web security
Others
Global Security as a service Market, By Organization Size
Small & Medium Enterprises
Large Enterprises
Global Security as a service market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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Through INFINITIVE Data Expert is a professional Market Research services, I will identify the security as a service market market size, demand & opportunities, growth rate, and target audience with a comprehensive analysis of your competitors.