Security as a Service Market - Global Industry Analysis

Security as a Service Market by Component (Solution and Service), by Application Area (Network Security, Endpoint Security, Application Security, and Cloud), by Organization Size (SMEs and Large Enterprises), by Vertical (BFSI, Retail, Healthcare, Government and Defense, IT and Telecom, Energy and Utilities, Manufacturing and others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028

Published Date: 24-May-2021 Category: Defense & Security Report Format : PDF Pages: 130 Report Code: ZMR-666 Status : Published

The global security service market accounted for USD 11,361 Million in 2020 and is expected to reach USD 34,492.8 Million by 2028, growing at a CAGR of 15.9% from 2021 to 2028.

Description

Security as a Service Market: Overview

The global security service market accounted for USD 11,361 Million in 2020 and is expected to reach USD 34,492.8 Million by 2028, growing at a CAGR of 15.9% from 2021 to 2028.

Security as a Service has become one of the most concerning and mandate things in this century. Data is increasing exponentially in the era and with the increased usage of the internet, it has become really cumbersome to save our data from the hackers across the world. One mistake is all they need and everything will be cleared from the systems. With the growth of business in terms of scale and structure, as well as the use of social media, cloud services, big data, and multiple computing devices, the role of information security is becoming more complex. The growing number of security attacks and malicious activities perpetrated by organized cybercriminal groups has raised concerns among businesses. In addition, network infrastructure has become more complex. Furthermore, increased network infrastructure complexity is proving to be a significant impediment to data protection management. In this situation, outsourcing security tasks to controlled security service providers have proven to be a profitable choice for businesses.

 

COVID-19 Impact Analysis

Various governments and regulatory agencies have mandated both public and private organizations to adopt new practices for operating remotely and preserving social distance in the wake of the COVID-19 pandemic. Since then, digital best practices have become the latest Business Continuity Plan (BCP) for a variety of businesses. The COVID-19 crisis has changed the mindset of a company's management and board of directors when it comes to cybersecurity. But for the technology giants, SMBs, startups, and large corporations saw cybersecurity budgets as an inevitable Capital Expenditure (CAPEX) due to regulatory and enforcement requirements. A cybersecurity policy is yet to be implemented by a number of digital organizations. This crisis has exposed businesses to situations in which their IP addresses are at the mercy of their employees' behavior while operating remotely on office laptops with no firewall security or personal laptops with/without free antivirus software.

Security as a Service Market: Growth Factors

Over time, organizations and governments have been massively hit by numerous cyber attacks which hold a substantial impact on the economy of the nation. Data security directives are critical in resolving growing questions about the privacy of an organization's data. The constantly evolving threat environment has resulted in a slew of government legislation that must be strictly followed by businesses all over the world. Also, these stringent regulations and increased adoption of cloud technology such as cloud computing, SaaS, and many more are major growth drivers. Enterprises are expected to follow mandatory security requirements or face hefty fines from governments if they do not. Enterprise data breaches or data leaks result in significant data loss and damage to a company's brand image. Various regulatory authorities include Federal Trade Commission (FTC), Payment Card Industry Data Security Standard (PCI DSS), FISMA, HIPAA, EU Agency for Network and Information Security (ENISA), GDPR, Gramm-Leach-Bliley Act (GLBA), and Homeland Security Act.

Report Scope :

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Component Type Segment Analysis Preview

 The security as a service market by solution includes continuous monitoring, business continuity, and disaster recovery, encryption, Data Loss Prevention (DLP), intrusion management, Identity and Access Management (IAM), vulnerability scanning, Security Information and Event Management (SIEM), and others. During the forecast period, the SIEM segment of the protection as a service solution market is projected to have the largest market size. Individuals, Small and Medium-sized Enterprises (SMEs), and large enterprises are all worried about gaining connectivity to their network, endpoints, cloud, and apps, which is driving the demand for services. Due to the need to resolve any technical issues and prevent downtime, the support and repair services segment is projected to have the largest market share.

Application Area Segment Analysis Preview

During the forecast period, the network security segment is expected to have the largest market size. Network Security is a dynamic approach for protecting a network from advanced threats that involve gathering and analyzing various forms of network security event data. With the growing threat landscape, cloud-based security solutions for network security are becoming more common, as they secure the network by limiting system management access to terminals, approved services, management ports, and protocols. To avoid unauthorized access and abuse of networking infrastructure, businesses implement a set of policies and cybersecurity cloud services. , Endpoint Security, Application Security, and Cloud form the Application Area segment.

Organization Size Segment Analysis Preview

The SME segment is expected to grow at the highest CAGR during the forecast period. This is attributable to the fact of increased cyber-attacks across the globe. SMEs are limited in scale but serve a wide number of customers around the world. Because of their financial limitations, SMEs do not incorporate robust and detailed security solutions. However, Large Enterprise holds the highest share of the security as a service market in 2020.

Vertical Segment Analysis Preview

The retail vertical is expected to grow at the highest CAGR of 27.4% during the forecast period. BFSI vertical is estimated to have the largest market size in 2020. Healthcare, Government and Defense, IT and Telecom, Energy and Utilities, Manufacturing, and others form the Vertical segment.

Security as a Service Market: Regional Analysis Preview

The North American region held a share of 37.56% in 2020. This is attributable to the factors such as escalated usage of the Internet of Things (IoT), Bring Your Own Device (BYOD), and industrial could adoption. Due to the cumbersome cyber-attacks, European countries are investing heavily in cyber security. In order to fight cyber-crime they have set up special courts which is initiated by International Engineering Task Force (IETF) which handles only the cases related to cyberspace.

The Asia Pacific region is projected to grow at a CAGR of 17.9% over the forecast period. This is due to the surge in the demand for cloud-based solutions for business purposes among SMEs. Countries such as China, India, and Japan are heavily spending money in order to be safe from internal and external cyber-attacks. Also, the increased cloud based security solutions adoption among various sectors such as BSFI, Healthcare, Retail, and Defense will make the phenomenal growth during the forecast period.

Security as a Service Market: Key Players & Competitive Landscape

Some of the key players in the service security market include McAfee (US), Kaspersky Lab(US), Cisco(US), Trend Micro (Japan), AT&T(US), DXC Technology(US), International Business Machines Corporation (US), Panda Security (Spain), Zscaler (US),  Microsoft (US), Alert Logic (US) Cygilant (US), Clearswift (UK),  Barracuda Networks (US), among others.

McAfee is one of the leading players in the world's largest competitive defense as a service industry, helping to protect its vast customer base from APTs and vulnerabilities. s main market strategy is to create business-specific solutions and services that are tailored to the current state of evolving vulnerabilities. As part of its long-term approach, it intends to create innovative business models and incorporate multi-application technologies.

A recent advancement was seen when McAfee and Atlassian partnered in May 2020 to provide advanced data security and threat protection to customers adopting cloud systems. Atlassian will be given access to the MVISION cloud, which will provide visibility and control for SaaS, PaaS, and IaaS environments via a secure platform.

The global security service market is segmented as follows:

By Component

  • Solution
  • Service

By Application Area

By Component

  • SMEs
  • Large Enterprises

By Vertical

  • BFSI
  • Retail
  • Healthcare
  • Government and Defense,
  • IT and Telecom
  • Energy and Utilities
  • Manufacturing
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of The Middle East & Africa

Table Of Content

  • Chapter No. 1 Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2 Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Component
        • 2.1.1.2. Market Attractiveness Analysis, By Application Area
        • 2.1.1.3. Market Attractiveness Analysis, By Organization Size
        • 2.1.1.4. Market Attractiveness Analysis, By Vertical
        • 2.1.1.5. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Security Service Market, 2020 – 2028 (USD Million)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3 COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4 Security Service Market – Component Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Component, 2020 & 2028
    • 4.2. Sulution
      • 4.2.1. Market Size and Forecast, By Region (USD Million)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. Service
      • 4.3.1. Market Size and Forecast, By Region (USD Million)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5 Security Service Market – Application Area Segment Analysis
    • 5.1. Overview
      • 5.1.1. Market Revenue Share, By Application Area , 2020 & 2028
    • 5.2. Network Security
      • 5.2.1. Market Size and Forecast, By Region (USD Million)
      • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.3. Endpoint Security
      • 5.3.1. Market Size and Forecast, By Region (USD Million)
      • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.4. Application Security
      • 5.4.1. Market Size and Forecast, By Region (USD Million)
      • 5.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.5. Cloud
      • 5.5.1. Market Size and Forecast, By Region (USD Million)
      • 5.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.5.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 6 Security Service Market – Organization Size Segment Analysis
    • 6.1. Overview
      • 6.1.1. Market Revenue Share, By Organization Size , 2020 & 2028
    • 6.2. SMEs
      • 6.2.1. Market Size and Forecast, By Region (USD Million)
      • 6.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.3. Large Enterprises
      • 6.3.1. Market Size and Forecast, By Region (USD Million)
      • 6.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.3.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 7 Security Service Market – Vertical Segment Analysis
    • 7.1. Overview
      • 7.1.1. Market Revenue Share, By Vertical , 2020 & 2028
    • 7.2. BFSI
      • 7.2.1. Market Size and Forecast, By Region (USD Million)
      • 7.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 7.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 7.3. Retail
      • 7.3.1. Market Size and Forecast, By Region (USD Million)
      • 7.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 7.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 7.4. Healthcare
      • 7.4.1. Market Size and Forecast, By Region (USD Million)
      • 7.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 7.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 7.5. Government and Defense
      • 7.5.1. Market Size and Forecast, By Region (USD Million)
      • 7.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 7.5.3. Key Market Trends, Growth Factors, & Opportunities
    • 7.6. IT and Telecom
      • 7.6.1. Market Size and Forecast, By Region (USD Million)
      • 7.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 7.6.3. Key Market Trends, Growth Factors, & Opportunities
    • 7.7. Energy and Utilities
      • 7.7.1. Market Size and Forecast, By Region (USD Million)
      • 7.7.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 7.7.3. Key Market Trends, Growth Factors, & Opportunities
    • 7.8. Manufacturing
      • 7.8.1. Market Size and Forecast, By Region (USD Million)
      • 7.8.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 7.8.3. Key Market Trends, Growth Factors, & Opportunities
    • 7.9. Other
      • 7.9.1. Market Size and Forecast, By Region (USD Million)
      • 7.9.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 7.9.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 8 Security Service Market – Regional Analysis
    • 8.1. Overview
      • 8.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 8.1.2. Global Market Revenue, By Region, 2020 – 2028 (USD Million)
    • 8.2. North America
      • 8.2.1. North America Market Revenue, By Country, 2020 – 2028 (USD Million)
      • 8.2.2. North America Market Revenue, By Component, 2020 – 2028
      • 8.2.3. North America Market Revenue, By Application Area , 2020 – 2028
      • 8.2.4. North America Market Revenue, By Organization Size , 2020 – 2028
      • 8.2.5. North America Market Revenue, By Vertical , 2020 – 2028
      • 8.2.6. U.S.
        • 8.2.6.1. U.S. Market Revenue, By Component, 2020 – 2028
        • 8.2.6.2. U.S. Market Revenue, By Application Area , 2020 – 2028
        • 8.2.6.3. U.S. Market Revenue, By Organization Size , 2020 – 2028
        • 8.2.6.4. U.S. Market Revenue, By Vertical , 2020 – 2028
      • 8.2.7. Canada
        • 8.2.7.1. Canada Market Revenue, By Component, 2020 – 2028
        • 8.2.7.2. Canada Market Revenue, By Application Area , 2020 – 2028
        • 8.2.7.3. Canada Market Revenue, By Organization Size , 2020 – 2028
        • 8.2.7.4. Canada Market Revenue, By Vertical , 2020 – 2028
      • 8.2.8. Mexico
        • 8.2.8.1. Mexico Market Revenue, By Component, 2020 – 2028
        • 8.2.8.2. Mexico Market Revenue, By Application Area , 2020 – 2028
        • 8.2.8.3. Mexico Market Revenue, By Organization Size , 2020 – 2028
        • 8.2.8.4. Mexico Market Revenue, By Vertical , 2020 – 2028
    • 8.3. Europe
      • 8.3.1. Europe Market Revenue, By Country, 2020 – 2028 (USD Million)
      • 8.3.2. Europe Market Revenue, By Component, 2020 – 2028
      • 8.3.3. Europe Market Revenue, By Application Area , 2020 – 2028
      • 8.3.4. Europe Market Revenue, By Organization Size , 2020 – 2028
      • 8.3.5. Europe Market Revenue, By Vertical , 2020 – 2028
      • 8.3.6. Germany
        • 8.3.6.1. Germany Market Revenue, By Component, 2020 – 2028
        • 8.3.6.2. Germany Market Revenue, By Application Area , 2020 – 2028
        • 8.3.6.3. Germany Market Revenue, By Organization Size , 2020 – 2028
        • 8.3.6.4. Germany Market Revenue, By Vertical , 2020 – 2028
      • 8.3.7. France
        • 8.3.7.1. France Market Revenue, By Component, 2020 – 2028
        • 8.3.7.2. France Market Revenue, By Application Area , 2020 – 2028
        • 8.3.7.3. France Market Revenue, By Organization Size , 2020 – 2028
        • 8.3.7.4. France Market Revenue, By Vertical , 2020 – 2028
      • 8.3.8. U.K.
        • 8.3.8.1. U.K. Market Revenue, By Component, 2020 – 2028
        • 8.3.8.2. U.K. Market Revenue, By Application Area , 2020 – 2028
        • 8.3.8.3. U.K. Market Revenue, By Organization Size , 2020 – 2028
        • 8.3.8.4. U.K. Market Revenue, By Vertical , 2020 – 2028
      • 8.3.9. Italy
        • 8.3.9.1. Italy Market Revenue, By Component, 2020 – 2028
        • 8.3.9.2. Italy Market Revenue, By Application Area , 2020 – 2028
        • 8.3.9.3. Italy Market Revenue, By Organization Size , 2020 – 2028
        • 8.3.9.4. Italy Market Revenue, By Vertical , 2020 – 2028
      • 8.3.10. Spain
        • 8.3.10.1. Spain Market Revenue, By Component, 2020 – 2028
        • 8.3.10.2. Spain Market Revenue, By Application Area , 2020 – 2028
        • 8.3.10.3. Spain Market Revenue, By Organization Size , 2020 – 2028
        • 8.3.10.4. Spain Market Revenue, By Vertical , 2020 – 2028
      • 8.3.11. Rest of Europe
        • 8.3.11.1. Rest of Europe Market Revenue, By Component, 2020 – 2028
        • 8.3.11.2. Rest of Europe Market Revenue, By Application Area , 2020 – 2028
        • 8.3.11.3. Rest of Europe Market Revenue, By Organization Size , 2020 – 2028
        • 8.3.11.4. Rest of Europe Market Revenue, By Vertical , 2020 – 2028
    • 8.4. Asia Pacific
      • 8.4.1. Asia Pacific Market Revenue, By Country, 2020 – 2028 (USD Million)
      • 8.4.2. Asia Pacific Market Revenue, By Component, 2020 – 2028
      • 8.4.3. Asia Pacific Market Revenue, By Application Area , 2020 – 2028
      • 8.4.4. Asia Pacific Market Revenue, By Organization Size , 2020 – 2028
      • 8.4.5. Asia Pacific Market Revenue, By Vertical , 2020 – 2028
      • 8.4.6. China
        • 8.4.6.1. China Market Revenue, By Component, 2020 – 2028
        • 8.4.6.2. China Market Revenue, By Application Area , 2020 – 2028
        • 8.4.6.3. China Market Revenue, By Organization Size , 2020 – 2028
        • 8.4.6.4. China Market Revenue, By Vertical , 2020 – 2028
      • 8.4.7. Japan
        • 8.4.7.1. Japan Market Revenue, By Component, 2020 – 2028
        • 8.4.7.2. Japan Market Revenue, By Application Area , 2020 – 2028
        • 8.4.7.3. Japan Market Revenue, By Organization Size , 2020 – 2028
        • 8.4.7.4. Japan Market Revenue, By Vertical , 2020 – 2028
      • 8.4.8. India
        • 8.4.8.1. India Market Revenue, By Component, 2020 – 2028
        • 8.4.8.2. India Market Revenue, By Application Area , 2020 – 2028
        • 8.4.8.3. India Market Revenue, By Organization Size , 2020 – 2028
        • 8.4.8.4. India Market Revenue, By Vertical , 2020 – 2028
      • 8.4.9. South Korea
        • 8.4.9.1. South Korea Market Revenue, By Component, 2020 – 2028
        • 8.4.9.2. South Korea Market Revenue, By Application Area , 2020 – 2028
        • 8.4.9.3. South Korea Market Revenue, By Organization Size , 2020 – 2028
        • 8.4.9.4. South Korea Market Revenue, By Vertical , 2020 – 2028
      • 8.4.10. South-East Asia
        • 8.4.10.1. South-East Asia Market Revenue, By Component, 2020 – 2028
        • 8.4.10.2. South-East Asia Market Revenue, By Application Area , 2020 – 2028
        • 8.4.10.3. South-East Asia Market Revenue, By Organization Size , 2020 – 2028
        • 8.4.10.4. South-East Asia Market Revenue, By Vertical , 2020 – 2028
      • 8.4.11. Rest of Asia Pacific
        • 8.4.11.1. Rest of Asia Pacific Market Revenue, By Component, 2020 – 2028
        • 8.4.11.2. Rest of Asia Pacific Market Revenue, By Application Area , 2020 – 2028
        • 8.4.11.3. Rest of Asia Pacific Market Revenue, By Organization Size , 2020 – 2028
        • 8.4.11.4. Rest of Asia Pacific Market Revenue, By Vertical , 2020 – 2028
    • 8.5. Latin America
      • 8.5.1. Latin America Market Revenue, By Country, 2020 – 2028 (USD Million)
      • 8.5.2. Latin America Market Revenue, By Component, 2020 – 2028
      • 8.5.3. Latin America Market Revenue, By Application Area , 2020 – 2028
      • 8.5.4. Latin America Market Revenue, By Organization Size , 2020 – 2028
      • 8.5.5. Latin America Market Revenue, By Vertical , 2020 – 2028
      • 8.5.6. Brazil
        • 8.5.6.1. Brazil Market Revenue, By Component, 2020 – 2028
        • 8.5.6.2. Brazil Market Revenue, By Application Area , 2020 – 2028
        • 8.5.6.3. Brazil Market Revenue, By Organization Size , 2020 – 2028
        • 8.5.6.4. Brazil Market Revenue, By Vertical , 2020 – 2028
      • 8.5.7. Argentina
        • 8.5.7.1. Argentina Market Revenue, By Component, 2020 – 2028
        • 8.5.7.2. Argentina Market Revenue, By Application Area , 2020 – 2028
        • 8.5.7.3. Argentina Market Revenue, By Organization Size , 2020 – 2028
        • 8.5.7.4. Argentina Market Revenue, By Vertical , 2020 – 2028
      • 8.5.8. Rest of Latin America
        • 8.5.8.1. Rest of Latin America Market Revenue, By Component, 2020 – 2028
        • 8.5.8.2. Rest of Latin America Market Revenue, By Application Area , 2020 – 2028
        • 8.5.8.3. Rest of Latin America Market Revenue, By Organization Size , 2020 – 2028
        • 8.5.8.4. Rest of Latin America Market Revenue, By Vertical , 2020 – 2028
    • 8.6. The Middle-East and Africa
      • 8.6.1. The Middle-East and Africa Market Revenue, By Country, 2020 – 2028 (USD Million)
      • 8.6.2. The Middle-East and Africa Market Revenue, By Component, 2020 – 2028
      • 8.6.3. The Middle-East and Africa Market Revenue, By Application Area , 2020 – 2028
      • 8.6.4. The Middle-East and Africa Market Revenue, By Organization Size , 2020 – 2028
      • 8.6.5. The Middle-East and Africa Market Revenue, By Vertical , 2020 – 2028
      • 8.6.6. GCC Countries
        • 8.6.6.1. GCC Countries Market Revenue, By Component, 2020 – 2028
        • 8.6.6.2. GCC Countries Market Revenue, By Application Area , 2020 – 2028
        • 8.6.6.3. GCC Countries Market Revenue, By Organization Size , 2020 – 2028
        • 8.6.6.4. GCC Countries Market Revenue, By Vertical , 2020 – 2028
      • 8.6.7. South Africa
        • 8.6.7.1. South Africa Market Revenue, By Component, 2020 – 2028
        • 8.6.7.2. South Africa Market Revenue, By Application Area , 2020 – 2028
        • 8.6.7.3. South Africa Market Revenue, By Organization Size , 2020 – 2028
        • 8.6.7.4. South Africa Market Revenue, By Vertical , 2020 – 2028
      • 8.6.8. Rest of Middle-East Africa
        • 8.6.8.1. Rest of Middle-East Africa Market Revenue, By Component, 2020 – 2028
        • 8.6.8.2. Rest of Middle-East Africa Market Revenue, By Application Area , 2020 – 2028
        • 8.6.8.3. Rest of Middle-East Africa Market Revenue, By Organization Size , 2020 – 2028
        • 8.6.8.4. Rest of Middle-East Africa Market Revenue, By Vertical , 2020 – 2028
  • Chapter No. 9 Security Service Market – Industry Analysis
    • 9.1. Introduction
    • 9.2. Market Drivers
      • 9.2.1. Driving Factor 1 Analysis
      • 9.2.2. Driving Factor 2 Analysis
    • 9.3. Market Restraints
      • 9.3.1. Restraining Factor Analysis
    • 9.4. Market Opportunities
      • 9.4.1. Market Opportunity Analysis
    • 9.5. Porter’s Five Forces Analysis
    • 9.6. PEST Analysis
    • 9.7. Regulatory Landscape
    • 9.8. Technology Landscape
    • 9.9. Regional Market Trends
      • 9.9.1. North America
      • 9.9.2. Europe
      • 9.9.3. Asia Pacific
      • 9.9.4. Latin America
      • 9.9.5. The Middle-East and Africa
    • 9.10. Pricing Analysis
    • 9.11. Value Chain Analysis
    • 9.12. Downstream Buyers
    • 9.13. Distributors/Traders List
  • Chapter No. 10 Competitive Landscape
    • 10.1. Company Market Share Analysis – 2019
      • 10.1.1. Global Security Service Market: Company Market Share, 2019
      • 10.1.2. Global Security Service Market, Company Market Revenue, 2016 – 2019 (USD Million)
      • 10.1.3. Global Security Service Market, Company Y-o-Y Growth, 2017 – 2019 (%)
      • 10.1.4. Global Security Service Market: Radar Determinant Chart, 2019
    • 10.2. Strategic Developments
      • 10.2.1. Acquisitions & Mergers
      • 10.2.2. New Product Launch
      • 10.2.3. Regional Expansion
    • 10.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 11 Company Profiles
    • 11.1. McAfee
      • 11.1.1. Company Overview
      • 11.1.2. Key Executives
      • 11.1.3. Product Portfolio
      • 11.1.4. Financial Overview
      • 11.1.5. Operating Business Segments
      • 11.1.6. Business Performance
      • 11.1.7. Recent Developments
    • 11.2. Kaspersky Lab
    • 11.3. Cisco
    • 11.4. Trend Micro
    • 11.5. AT&T
    • 11.6. DXC Technology
    • 11.7. International Business Machines Corporation
    • 11.8. Panda Security
    • 11.9. Zscaler
    • 11.10. Microsoft
    • 11.11. Alert Logic
    • 11.12. Cygilant
    • 11.13. Clearswift
    • 11.14. Barracuda Networks
  • Chapter No. 12 Marketing Strategy Analysis
    • 12.1. Marketing Channel
    • 12.2. Direct Marketing
    • 12.3. Indirect Marketing
    • 12.4. Marketing Channel Development Trends
    • 12.5. Economic/Pulitical Environmental Change
  • Chapter No. 13 Research Methodology
    • 13.1. Research Methodology
    • 13.2. Phase I - Secondary Research
    • 13.3. Phase II - Data Modeling
      • 13.3.1. Company Share Analysis Model
      • 13.3.2. Revenue Based Modeling
    • 13.4. Phase III - Primary Research
    • 13.5. Research Limitations
      • 13.5.1. Assumptions

Table Of Figures

List of Figures

FIG NO. 1. Market Attractiveness Analysis, By Component
FIG NO. 2. Market Attractiveness Analysis, By Application Area
FIG NO. 3. Market Attractiveness Analysis, By Organization Size
FIG NO. 4. Market Attractiveness Analysis, By Vertical
FIG NO. 5. Market Attractiveness Analysis, By Region
FIG NO. 6. Global Security Service Market Revenue, 2020 – 2028 (USD Million)
FIG NO. 7. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 8. Market Revenue Share, By Component, 2020 & 2028
FIG NO. 9. Global Security Service Market for Solution, Revenue (USD Million) 2020 – 2028
FIG NO. 10. Comparative Revenue Analysis of Security Service Market for Solution, By Country, 2020 & 2028
FIG NO. 11. Global Security Service Market for Service, Revenue (USD Million) 2020 – 2028
FIG NO. 12. Comparative Revenue Analysis of Security Service Market for Service, By Country, 2020 & 2028
FIG NO. 13. Market Revenue Share, By Application Area , 2020 & 2028
FIG NO. 14. Global Security Service Market for Network Security, Revenue (USD Million) 2020 – 2028
FIG NO. 15. Comparative Revenue Analysis of Security Service Market for Network Security, By Country, 2020 & 2028
FIG NO. 16. Global Security Service Market for Endpoint Security, Revenue (USD Million) 2020 – 2028
FIG NO. 17. Comparative Revenue Analysis of Security Service Market for Endpoint Security, By Country, 2020 & 2028
FIG NO. 18. Global Security Service Market for Application Security, Revenue (USD Million) 2020 – 2028
FIG NO. 19. Comparative Revenue Analysis of Security Service Market for Application Security, By Country, 2020 & 2028
FIG NO. 20. Global Security Service Market for Cloud, Revenue (USD Million) 2020 – 2028
FIG NO. 21. Comparative Revenue Analysis of Security Service Market for Cloud, By Country, 2020 & 2028
FIG NO. 22. Market Revenue Share, By Organization Size , 2020 & 2028
FIG NO. 23. Global Security Service Market for SMEs, Revenue (USD Million) 2020 – 2028
FIG NO. 24. Comparative Revenue Analysis of Security Service Market for SMEs, By Country, 2020 & 2028
FIG NO. 25. Global Security Service Market for Large Enterprises, Revenue (USD Million) 2020 – 2028
FIG NO. 26. Comparative Revenue Analysis of Security Service Market for Large Enterprises, By Country, 2020 & 2028
FIG NO. 27. Market Revenue Share, By Vertical , 2020 & 2028
FIG NO. 28. Global Security Service Market for BFSI, Revenue (USD Million) 2020 – 2028
FIG NO. 29. Comparative Revenue Analysis of Security Service Market for BFSI, By Country, 2020 & 2028
FIG NO. 30. Global Security Service Market for Retail, Revenue (USD Million) 2020 – 2028
FIG NO. 31. Comparative Revenue Analysis of Security Service Market for Retail, By Country, 2020 & 2028
FIG NO. 32. Global Security Service Market for Healthcare, Revenue (USD Million) 2020 – 2028
FIG NO. 33. Comparative Revenue Analysis of Security Service Market for Healthcare, By Country, 2020 & 2028
FIG NO. 34. Global Security Service Market for Government and Defense, Revenue (USD Million) 2020 – 2028
FIG NO. 35. Comparative Revenue Analysis of Security Service Market for Government and Defense, By Country, 2020 & 2028
FIG NO. 36. Global Security Service Market for IT and Telecom, Revenue (USD Million) 2020 – 2028
FIG NO. 37. Comparative Revenue Analysis of Security Service Market for IT and Telecom, By Country, 2020 & 2028
FIG NO. 38. Global Security Service Market for Energy and Utilities, Revenue (USD Million) 2020 – 2028
FIG NO. 39. Comparative Revenue Analysis of Security Service Market for Energy and Utilities, By Country, 2020 & 2028
FIG NO. 40. Global Security Service Market for Manufacturing, Revenue (USD Million) 2020 – 2028
FIG NO. 41. Comparative Revenue Analysis of Security Service Market for Manufacturing, By Country, 2020 & 2028
FIG NO. 42. Global Security Service Market for Other, Revenue (USD Million) 2020 – 2028
FIG NO. 43. Comparative Revenue Analysis of Security Service Market for Other, By Country, 2020 & 2028
FIG NO. 44. Global Security Service Market Revenue Share, By Region, 2020 & 2028
FIG NO. 45. North America Security Service Market Revenue, 2020 - 2028 (USD Million)
FIG NO. 46. Porter’s Five Forces Analysis for Global Security Service Market
FIG NO. 47. PEST Analysis for Global Security Service Market
FIG NO. 48. Pricing Analysis for Global Security Service Market
FIG NO. 49. Value Chain Analysis for Global Security Service Market
FIG NO. 50. Company Share Analysis, 2019
FIG NO. 51. Radar Determinant Chart, 2019
FIG NO. 52. Company Strategic Developments – Heat Map Analysis
FIG NO. 53. McAfee Business Segment Revenue Share, 2020 (%)
FIG NO. 54. McAfee Geographical Segment Revenue Share, 2020 (%)
FIG NO. 55. Market Channels
FIG NO. 56. Marketing Channel Development Trend
FIG NO. 57. Growth in World Gross Product, 2008-2018
FIG NO. 58. Research Methodology – Detailed View
FIG NO. 59. Research Methodology


Table Of Tables

List of Tables

TABLE NO. 1. Global Security Service Market: Snapshot
TABLE NO. 2. Quarterly Security Service Market Revenue by Region, 2020
TABLE NO. 3. Quarterly Security Service Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
TABLE NO. 6. Global Security Service Market for Solution, by Region, 2020 – 2028 (USD Million)
TABLE NO. 7. Global Security Service Market for Service, by Region, 2020 – 2028 (USD Million)
TABLE NO. 8. Global Security Service Market for Network Security, by Region, 2020 – 2028 (USD Million)
TABLE NO. 9. Global Security Service Market for Endpoint Security, by Region, 2020 – 2028 (USD Million)
TABLE NO. 10. Global Security Service Market for Application Security, by Region, 2020 – 2028 (USD Million)
TABLE NO. 11. Global Security Service Market for Cloud, by Region, 2020 – 2028 (USD Million)
TABLE NO. 12. Global Security Service Market for SMEs, by Region, 2020 – 2028 (USD Million)
TABLE NO. 13. Global Security Service Market for Large Enterprises, by Region, 2020 – 2028 (USD Million)
TABLE NO. 14. Global Security Service Market for BFSI, by Region, 2020 – 2028 (USD Million)
TABLE NO. 15. Global Security Service Market for Retail, by Region, 2020 – 2028 (USD Million)
TABLE NO. 16. Global Security Service Market for Healthcare, by Region, 2020 – 2028 (USD Million)
TABLE NO. 17. Global Security Service Market for Government and Defense, by Region, 2020 – 2028 (USD Million)
TABLE NO. 18. Global Security Service Market for IT and Telecom, by Region, 2020 – 2028 (USD Million)
TABLE NO. 19. Global Security Service Market for Energy and Utilities, by Region, 2020 – 2028 (USD Million)
TABLE NO. 20. Global Security Service Market for Manufacturing, by Region, 2020 – 2028 (USD Million)
TABLE NO. 21. Global Security Service Market for Other, by Region, 2020 – 2028 (USD Million)
TABLE NO. 22. Global Security Service Market Revenue, By Region, 2020 – 2028 (USD Million)
TABLE NO. 23. North America Security Service Market Revenue, By Country, 2020 – 2028 (USD Million)
TABLE NO. 24. North America Security Service Market Revenue, By Component, 2020 – 2028 (USD Million)
TABLE NO. 25. North America Security Service Market Revenue, By Application Area , 2020 – 2028 (USD Million)
TABLE NO. 26. North America Security Service Market Revenue, By Organization Size , 2020 – 2028 (USD Million)
TABLE NO. 27. North America Security Service Market Revenue, By Vertical , 2020 – 2028 (USD Million)
TABLE NO. 28. U.S. Security Service Market Revenue, By Component, 2020 – 2028 (USD Million)
TABLE NO. 29. U.S. Security Service Market Revenue, By Application Area , 2020 – 2028 (USD Million)
TABLE NO. 30. U.S. Security Service Market Revenue, By Organization Size , 2020 – 2028 (USD Million)
TABLE NO. 31. U.S. Security Service Market Revenue, By Vertical , 2020 – 2028 (USD Million)
TABLE NO. 32. Canada Security Service Market Revenue, By Component, 2020 – 2028 (USD Million)
TABLE NO. 33. Canada Security Service Market Revenue, By Application Area , 2020 – 2028 (USD Million)
TABLE NO. 34. Canada Security Service Market Revenue, By Organization Size , 2020 – 2028 (USD Million)
TABLE NO. 35. Canada Security Service Market Revenue, By Vertical , 2020 – 2028 (USD Million)
TABLE NO. 36. Mexico Security Service Market Revenue, By Component, 2020 – 2028 (USD Million)
TABLE NO. 37. Mexico Security Service Market Revenue, By Application Area , 2020 – 2028 (USD Million)
TABLE NO. 38. Mexico Security Service Market Revenue, By Organization Size , 2020 – 2028 (USD Million)
TABLE NO. 39. Mexico Security Service Market Revenue, By Vertical , 2020 – 2028 (USD Million)
TABLE NO. 40. Drivers for the Security Service Market: Impact Analysis
TABLE NO. 41. Restraints for the Security Service Market: Impact Analysis
TABLE NO. 42. Major Buyers of Security Service
TABLE NO. 43. Distributors/Traders List of Security Service
TABLE NO. 44. Global Security Service Market, Company Market Revenue, 2016 – 2019 (USD Million)
TABLE NO. 45. Global Security Service Market, Company Y-o-Y Growth, 2017 – 2019 (USD Million)
 

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FrequentlyAsked Questions

The global security service market was valued at USD 11,361 Million in 2020.

The global security service market is expected to reach USD 34,492.8 Million by 2028, growing at a CAGR of 15.9% between 2021 to 2028.

Some of the key factors driving the global security service market growth are stringent regulation, increased usage of cloud-based services, increased internal and external cyber-attacks across the globe.

The North American region held a substantial share of 37.56% of the security service market in 2020. This is due to the escalated usage of Internet of Things (IoT), Bring Your Own Device (BYOD), and

Some of key players in security service market are McAfee (US), Kaspersky Lab(US), Cisco(US), Trend Micro (Japan), AT&T(US), DXC Technology(US), International Business Machines Corporation (US), Panda Security (Spain), Zscaler (US),  Microsoft (US), Alert Logic (US) Cygilant (US), Clearswift (UK), Barracuda Networks (US), among others.

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