Market Overview:
The global information technology (IT) security as a service market is expected to grow from USD 9.02 billion in 2018 to USD 24.07 billion by 2030, at a CAGR of 13.8% during the forecast period. The growth of this market can be attributed to the increasing number of cyber-attacks and data breaches, and the need for organizations to protect their critical data and infrastructure from such attacks. The email encryption segment is expected to hold the largest share of the global information technology (IT) security as a service market in 2018. This segment is expected to grow at a CAGR of 14.5% during the forecast period.
 Security as a Service Industry Outlook.svg)
Product Definition:
Information technology security as a service (ITSS) is the proactive and reactive protection of an organization’s information assets, including hardware, software, networks and data. ITSS encompasses the full range of activities that organizations use to protect their information resources from unauthorized access, use, disclosure, disruption or destruction.
- Security policy development.
- Threat identification.
The importance of ITSS cannot be overstated. The loss or compromising of sensitive data can result in significant financial losses for businesses as well as endanger public safety. In addition to financial losses, businesses may also suffer damage to their reputation if confidential customer or employee information is compromised.
Email Encryption:
Encryption is the conversion of data or information from a cleartext format to encrypted format using a encryption algorithm. The original message or information can only be read by authorized personnel using an encryption key. Encryption/Decryption process takes place in the computer memory of sending and receiving ends respectively through their respective software programs with the help of which any unauthorized access to messages is not possible.
Encrypted emails are sent.
Endpoint Protection:
Endpoint Protection and it's usage in Information Technology (IT) Security as a Service market? Endpoint protection is the generic term used for security software, services, and solutions that are designed to protect computers from threats. The endpoint protection market includes various types of solutions such as antimalware, anti-spam, antivirus; data loss prevention (DLP), identity and access management (IAM), content security/malware detection among others.
Application Insights:
The application segment is segregated into BFSI, healthcare, telecom, media and entertainment, education and others. The BFSI sector dominated the global market in 2017. This can be attributed to the increasing cyberattacks on financial institutions that are trying to adopt modern IT infrastructure but lack of skilled resources. As a result, many financial institutions are opting for security as a service solutions over traditional security solutions due to their high cost and complexity.
The healthcare segment is expected to register the highest CAGR over the forecast period owing to increasing data breaches such as ransomware attacks that have been targeting this sector since 2016 causing millions of dollars in damages every year. In addition, an increase in medical device cybersecurity vulnerabilities has led several hospitals & clinics worldwide opt for SaaS-based information technology security products or cloud services from international providers such as IBM Corporation., Microsoft Corporation., or Cisco Systems Inc.
Regional Analysis:
North America dominated the global market in 2017. The U.S., in particular, is a lucrative market for service providers as it has one of the highest number of small and medium enterprises (SMEs) that use information technology services to manage their business operations and customer relations. SMEs are increasingly becoming aware of security threats, which is driving demand for IT security as a service offerings from North American countries.
Asia Pacific region is expected to witness significant growth over the forecast period owing to increasing awareness among end users regarding benefits offered by these services such as improved productivity, reduced risk exposure, compliance with regulatory standards and protection against data theft/losses etc.
Growth Factors:
- Increased demand for cloud-based security services as organizations move to the cloud
- The continued growth of mobile devices and BYOD policies, which increase the need for security solutions that can protect multiple platforms
- The increasing number of cyber-attacks and data breaches, which has led to a heightened awareness of the need for better security protections
- The growing trend of outsourcing IT functions, which makes it easier and more cost effective for organizations to outsource their security needs
- The development of new technologies such as big data and IoT that create new opportunities for attackers but also present new challenges for defenders
Scope Of The Report
Report Attributes
Report Details
Report Title
Information Technology (IT) Security as a Service Market Research Report
By Type
Email Encryption, Endpoint Protection, Data Loss Prevention, Event Monitoring, Information Security, Others
By Application
BFSI, Healthcare, Telecom, Media and Entertainment, Education, Others
By Companies
Cisco Systems,, Hewlett Packard Enterprise, Symantec Corporation, IPSec, Kaapagam Technologies, Quick Heal Technologies Ltd, Barracuda Networks, Check Point Software Technologies Ltd, Fortinet, Radware, Trend Micro
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
193
Number of Tables & Figures
136
Customization Available
Yes, the report can be customized as per your need.
Global Information Technology (IT) Security as a Service Market Report Segments:
The global Information Technology (IT) Security as a Service market is segmented on the basis of:
Types
Email Encryption, Endpoint Protection, Data Loss Prevention, Event Monitoring, Information Security, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
BFSI, Healthcare, Telecom, Media and Entertainment, Education, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Cisco Systems,
- Hewlett Packard Enterprise
- Symantec Corporation
- IPSec
- Kaapagam Technologies
- Quick Heal Technologies Ltd
- Barracuda Networks
- Check Point Software Technologies Ltd
- Fortinet
- Radware
- Trend Micro
 Security as a Service Market Overview.svg)
Highlights of The Information Technology (IT) Security as a Service Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Email Encryption
- Endpoint Protection
- Data Loss Prevention
- Event Monitoring
- Information Security
- Others
- By Application:
- BFSI
- Healthcare
- Telecom
- Media and Entertainment
- Education
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Information Technology (IT) Security as a Service Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Security as a Service Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
IT security as a service (ISaaS) is a subscription-based model that provides organizations with the ability to manage their IT security needs from one centralized location. ISaaS providers typically offer a suite of tools and services that allow users to monitor, detect, and respond to cyber threats.
Some of the key players operating in the information technology (it) security as a service market are Cisco Systems,, Hewlett Packard Enterprise, Symantec Corporation, IPSec, Kaapagam Technologies, Quick Heal Technologies Ltd, Barracuda Networks, Check Point Software Technologies Ltd, Fortinet, Radware, Trend Micro.
The information technology (it) security as a service market is expected to register a CAGR of 13.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Information Technology (IT) Security as a Service Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Information Technology (IT) Security as a Service Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Information Technology (IT) Security as a Service Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Information Technology (IT) Security as a Service Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Information Technology (IT) Security as a Service Market Size & Forecast, 2018-2028
4.5.1 Information Technology (IT) Security as a Service Market Size and Y-o-Y Growth
4.5.2 Information Technology (IT) Security as a Service Market Absolute $ Opportunity
Chapter 5 Global Information Technology (IT) Security as a Service Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Information Technology (IT) Security as a Service Market Size Forecast by Type
5.2.1 Email Encryption
5.2.2 Endpoint Protection
5.2.3 Data Loss Prevention
5.2.4 Event Monitoring
5.2.5 Information Security
5.2.6 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Information Technology (IT) Security as a Service Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Information Technology (IT) Security as a Service Market Size Forecast by Applications
6.2.1 BFSI
6.2.2 Healthcare
6.2.3 Telecom
6.2.4 Media and Entertainment
6.2.5 Education
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Information Technology (IT) Security as a Service Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Information Technology (IT) Security as a Service Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Information Technology (IT) Security as a Service Analysis and Forecast
9.1 Introduction
9.2 North America Information Technology (IT) Security as a Service Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Information Technology (IT) Security as a Service Market Size Forecast by Type
9.6.1 Email Encryption
9.6.2 Endpoint Protection
9.6.3 Data Loss Prevention
9.6.4 Event Monitoring
9.6.5 Information Security
9.6.6 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Information Technology (IT) Security as a Service Market Size Forecast by Applications
9.10.1 BFSI
9.10.2 Healthcare
9.10.3 Telecom
9.10.4 Media and Entertainment
9.10.5 Education
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Information Technology (IT) Security as a Service Analysis and Forecast
10.1 Introduction
10.2 Europe Information Technology (IT) Security as a Service Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Information Technology (IT) Security as a Service Market Size Forecast by Type
10.6.1 Email Encryption
10.6.2 Endpoint Protection
10.6.3 Data Loss Prevention
10.6.4 Event Monitoring
10.6.5 Information Security
10.6.6 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Information Technology (IT) Security as a Service Market Size Forecast by Applications
10.10.1 BFSI
10.10.2 Healthcare
10.10.3 Telecom
10.10.4 Media and Entertainment
10.10.5 Education
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Information Technology (IT) Security as a Service Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Information Technology (IT) Security as a Service Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Information Technology (IT) Security as a Service Market Size Forecast by Type
11.6.1 Email Encryption
11.6.2 Endpoint Protection
11.6.3 Data Loss Prevention
11.6.4 Event Monitoring
11.6.5 Information Security
11.6.6 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Information Technology (IT) Security as a Service Market Size Forecast by Applications
11.10.1 BFSI
11.10.2 Healthcare
11.10.3 Telecom
11.10.4 Media and Entertainment
11.10.5 Education
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Information Technology (IT) Security as a Service Analysis and Forecast
12.1 Introduction
12.2 Latin America Information Technology (IT) Security as a Service Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Information Technology (IT) Security as a Service Market Size Forecast by Type
12.6.1 Email Encryption
12.6.2 Endpoint Protection
12.6.3 Data Loss Prevention
12.6.4 Event Monitoring
12.6.5 Information Security
12.6.6 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Information Technology (IT) Security as a Service Market Size Forecast by Applications
12.10.1 BFSI
12.10.2 Healthcare
12.10.3 Telecom
12.10.4 Media and Entertainment
12.10.5 Education
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Information Technology (IT) Security as a Service Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Information Technology (IT) Security as a Service Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Information Technology (IT) Security as a Service Market Size Forecast by Type
13.6.1 Email Encryption
13.6.2 Endpoint Protection
13.6.3 Data Loss Prevention
13.6.4 Event Monitoring
13.6.5 Information Security
13.6.6 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Information Technology (IT) Security as a Service Market Size Forecast by Applications
13.10.1 BFSI
13.10.2 Healthcare
13.10.3 Telecom
13.10.4 Media and Entertainment
13.10.5 Education
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Information Technology (IT) Security as a Service Market: Competitive Dashboard
14.2 Global Information Technology (IT) Security as a Service Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Cisco Systems,
14.3.2 Hewlett Packard Enterprise
14.3.3 Symantec Corporation
14.3.4 IPSec
14.3.5 Kaapagam Technologies
14.3.6 Quick Heal Technologies Ltd
14.3.7 Barracuda Networks
14.3.8 Check Point Software Technologies Ltd
14.3.9 Fortinet
14.3.10 Radware
14.3.11 Trend Micro
