Security as a Service Market - Increasing Demand for Cloud-Based Security

Feb 23, 2016, 06:10 ET from Research and Markets

DUBLIN, Feb. 23, 2016 /PRNewswire/ --

Research and Markets ( has announced the addition of the "Security as a Service Market - Global Forecast to 2020" report to their offering.

The security as a service market size to grow from USD 3.12 Billion in 2015 to USD 8.52 Billion by 2020, at a Compound Annual Growth Rate (CAGR) of 22.2%.

The increasing cloud adoption among the enterprises, to reduce cost and increase operational efficiency, has created demand for cloud security. The major factors contributing to the growth of the SECaaS market are increasing demand for cloud-based security, shift from traditional security to advanced security, and high on-premise security costs for organizations.

The market is also projected to witness growth in the Security Information and Event Management (SIEM) solution and Intrusion Detection and Prevention Systems (IDS/IPS) during the forecast period. Email encryption solution is expected to play a key role in the SECaaS market and is expected to grow at the highest CAGR in the next five years. With the increase in advanced persistent attacks (APTs) and targeted attacks, email encryption solution is gaining wide adoption among enterprises as email communication has become a primary mode of communication for enterprise users.

North America is expected to have the largest market share and would dominate the SECaaS market during the forecast period. The market in APAC offers potential growth opportunities for the SECaaS market and is estimated to grow at the highest CAGR during the forecast period. APAC and MEA markets are investing heavily on SECaaS solutions to increase their security infrastructure in order to tackle cyber-attacks. The region is also increasingly outsourcing its network infrastructure security as it may not be in a position to handle complex and multiple cyber threats.

Companies Mentioned:

  • Alert Logic, Inc.
  • Ciphercloud
  • Cisco Systems, Inc.
  • Fortinet, Inc.
  • Mcafee (Intel Security)
  • Panda Security
  • Radware Ltd
  • Symantec Corporation
  • Trend Micro
  • Zscaler, Inc.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 By Solution

8 By Service

9 By Application Area

10 By Organization Size

11 By Vertical

12 Geographic Analysis

13 Competitive Landscape

14 Company Profiles

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SOURCE Research and Markets