SECaaS Market Report: Trends, Forecast and Competitive Analysis to 2030

SECaaS Trends and Forecast

The future of the global SECaaS market looks promising with opportunities in the BFSI, government and defense, retail and e-commerce, healthcare and life sciences, IT and telecom, energy & utility, and manufacturing markets. The global SECaaS market is expected to reach an estimated $20.9 billion by 2030 with a CAGR of 18.7% from 2024 to 2030. The major drivers for this market are increase in the cyber threats across enterprises and corporates and growing demand for cloud-based security.

A more than 150-page report is developed to help in your business decisions.

SECaaS by Segment

The study includes a forecast for the global SECaaS by component, application, end use industry, and region.

SECaaS Market by Component [Shipment Analysis by Value from 2018 to 2030]:

• Solution
• Services

SECaaS Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Network Security
• Endpoint Security
• Application Security
• Cloud Security
• Others

SECaaS Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:

• BFSI
• Government and Defense
• Retail and E-Commerce
• Healthcare and Life Sciences
• IT and Telecom
• Energy and Utilities
• Manufacturing
• Others

SECaaS Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of SECaaS Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies SECaaS companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the SECaaS companies profiled in this report include-

• Barracuda Networks
• Dell Technologies
• IBM
• Proofpoint
• Sophos

SECaaS Market Insights

Lucintel forecasts that network security is expected to witness the highest growth over the forecast period.

Within this market, BFSI is expected to witness the highest growth.

North America is expected to witness highest growth over the forecast period.

Features of the Global SECaaS Market

Market Size Estimates: SECaaS market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: SECaaS market size by component, application, end use industry, and region in terms of value ($B).

Regional Analysis: SECaaS market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different components, applications, end use industries, and regions for the SECaaS market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the SECaaS market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the SECaaS market size?

Answer: The global SECaaS market is expected to reach an estimated $20.9 billion by 2030.

Q2. What is the growth forecast for SECaaS market?

Answer: The global SECaaS market is expected to grow with a CAGR of 18.7% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the SECaaS market?

Answer: The major drivers for this market are increase in the cyber threats across enterprises and corporates and growing demand for cloud-based security.

Q4. What are the major segments for SECaaS market?

Answer: The future of the SECaaS market looks promising with opportunities in the BFSI, government and defense, retail and e-commerce, healthcare and life sciences, IT and telecom, energy & utility, and manufacturing markets.

Q5. Who are the key SECaaS market companies?

Answer: Some of the key SECaaS companies are as follows:

• Barracuda Networks
• Dell Technologies
• IBM
• Proofpoint
• Sophos

Q6. Which SECaaS market segment will be the largest in future?

Answer: Lucintel forecasts that network security is expected to witness the highest growth over the forecast period.

Q7. In SECaaS market, which region is expected to be the largest in next 5 years?

Answer: North America is expected to witness highest growth over the forecast period.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the SECaaS market by component (solution and services), application (network security, endpoint security, application security, cloud security, and others), end use industry (BFSI, government and defense, retail and e-commerce, healthcare and life sciences, IT and telecom, energy and utilities, manufacturing, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?