Global Security as a Service Market Size, Status and Forecast 2021-2027

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. SECaaS is inspired by the "software as a service" model as applied to information security type services and does not require on-premises hardware, avoiding substantial capital outlays. These security services often include authentication, anti-virus, anti-malware/spyware, intrusion detection, Penetration testing and security event management, among others.
The commercial segment accounted for about 50% of the total shares of the market and dominated the industry. Retail firms are the major contributors to this market segment since they employ a number of security technologies such as electronic article surveillance systems, radio frequency identification systems, and video surveillance systems. Since this demands the need for separate space for data storage and additional security for ensuring that this data is not tampered with, this segment will have a continuous demand for security services in the coming years as well. Additionally, financial institutions also use security systems such as in banks and ATM centers, and this will also add to the growth of the market in this segment.

Market Analysis and Insights: Global Security as a Service Market
The global Security as a Service market size is projected to reach US$ 14910 million by 2026, from US$ 6080 million in 2019, at a CAGR of 13.5% during 2021-2026.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Security as a Service market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Security as a Service market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Security as a Service market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Security as a Service market.

Global Security as a Service Scope and Market Size
Security as a Service market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Security as a Service market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.

Segment by Type
Authentication
Anti-Virus
Anti-Malware/Spyware
Intrusion Detection
Penetration Testing
Security Event Management
Other

Segment by Application
Commercial
Government
Residential
Other

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

By Company
Cisco Systems
Honeywell
Samsung Techwin
Hewlett-Packard Enterprise
S2 Security
Panasonic
Bosch Security Systems
CheckPoint Software Technologies
Siemens
Hewlett-Packard Enterprise
S2 Security
Schneider Electric

Frequently Asked Questions