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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. Sample figures with some insights are shown below.
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?
For any questions related to Secaas Market, Secaas Market Size, Secaas Market Growth, Secaas Market Analysis, Secaas Market Report, Secaas Market Share, Secaas Market Trends, Secaas Market Forecast, Secaas Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global SECaaS Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global SECaaS Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global SECaaS Market by Component
3.3.1: Solution
3.3.2: Services
3.4: Global SECaaS Market by Application
3.4.1: Network Security
3.4.2: Endpoint Security
3.4.3: Application Security
3.4.4: Cloud Security
3.4.5: Others
3.5: Global SECaaS Market by End Use Industry
3.5.1: BFSI
3.5.2: Government and Defense
3.5.3: Retail and E-Commerce
3.5.4: Healthcare and Life Sciences
3.5.5: IT and Telecom
3.5.6: Energy and Utilities
3.5.7: Manufacturing
3.5.8: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global SECaaS Market by Region
4.2: North American SECaaS Market
4.2.1: North American SECaaS Market by Application: Network Security, Endpoint Security, Application Security, Cloud Security, and Others
4.2.2: North American SECaaS Market by End Use Industry: BFSI, Government and Defense, Retail and E-Commerce, Healthcare and Life Sciences, IT and Telecom, Energy and Utilities, Manufacturing, and Others
4.3: European SECaaS Market
4.3.1: European SECaaS Market by Application: Network Security, Endpoint Security, Application Security, Cloud Security, and Others
4.3.2: European SECaaS Market by End Use Industry: BFSI, Government and Defense, Retail and E-Commerce, Healthcare and Life Sciences, IT and Telecom, Energy and Utilities, Manufacturing, and Others
4.4: APAC SECaaS Market
4.4.1: APAC SECaaS Market by Application: Network Security, Endpoint Security, Application Security, Cloud Security, and Others
4.4.2: APAC SECaaS Market by End Use Industry: BFSI, Government and Defense, Retail and E-Commerce, Healthcare and Life Sciences, IT and Telecom, Energy and Utilities, Manufacturing, and Others
4.5: ROW SECaaS Market
4.5.1: ROW SECaaS Market by Application: Network Security, Endpoint Security, Application Security, Cloud Security, and Others
4.5.2: ROW SECaaS Market by End Use Industry: BFSI, Government and Defense, Retail and E-Commerce, Healthcare and Life Sciences, IT and Telecom, Energy and Utilities, Manufacturing, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global SECaaS Market by Component
6.1.2: Growth Opportunities for the Global SECaaS Market by Application
6.1.3: Growth Opportunities for the Global SECaaS Market by End Use Industry
6.1.4: Growth Opportunities for the Global SECaaS Market by Region
6.2: Emerging Trends in the Global SECaaS Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global SECaaS Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global SECaaS Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Barracuda Networks
7.2: Dell Technologies
7.3: IBM
7.4: Proofpoint
7.5: Sophos
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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