Global SaaS-based IT Security Market 2016-2020

  • Published: Jun 2016
  • Pages: 71
  • SKU: IRTNTR9363

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This market research report presents a comprehensive analysis of the global SaaS-based IT security market by end-users (email gateway services, identity and access management services, cloud encryption services, web gateway services, SIEM services, and others) and by geography (the Americas, APAC, and EMEA). The market players in this market are Cisco, IBM, Intel Security (McAfee), and Symantec.

Market outlook of SaaS-based IT security solutions

Technavio’s market research analyst predicts that the global SaaS-based IT security market will grow at a high CAGR of around 22% by 2020. SaaS-based IT security applications boost business efficiency, as they support high automation and scalability and offer cost optimization benefits. SaaS-based IT security solutions also reduce the overall cost of ownership due to pay-per-use policy. Organizations are increasingly adopting cloud computing to reduce their expenses in handling enterprise IT infrastructure. The cloud computing model offers security at all levels of enterprise IT architecture so that these applications can be accessed remotely. The growing implementation of cloud services among enterprises will boost the adoption of SaaS-based IT security applications during the predicted period.

According to this market research report, the latest trend that this market is witnessing is the increased demand for integrated security suites. End-users are opting for integrated and converged security suites to prevent integration issues and derive benefits from several other features associated with these suites. Owing to the increased complexity of the network infrastructure, security solutions with better integration ability have gained momentum in the market. This has propelled vendors to provide security suites with features such as network security, application security, data security, and mobile security.

Segmentation by service and analysis of the SaaS-based IT security market

  • Email gateway services
  • Identity and access management services
  • Cloud encryption services
  • Web gateway services
  • SIEM services

The email gateway services segment dominated the market and accounted for 30% of the overall market share. Growing number of potential threats such as phishing, hackers, spam, and viruses have led to the increased adoption of SaaS-based email gateway services among enterprises. With email being the most preferred medium for communication among enterprises, this segment will grow significantly over the next four years.

Geographical segmentation and analysis of the SaaS-based IT security market

  • Americas
  • APAC
  • EMEA

The Americas will be the leading region in the SaaS-based IT security market, and is expected to occupy more than 55% by 2020. Much of the region’s growth can be attributed to growing number of cyber-attacks among organizations which has increased the implementation of SaaS-based IT security solutions. Factor such as a surge in the number of mobile devices and high usage of internet, rise in mobile malware attacks, and enterprise mobility will contribute to the growth of SaaS-based IT security solutions market in the region.

Competitive landscape and key vendors

This market is highly competitive with large players trying to increase their market share by acquiring small players. Competition in the market will intensify in the coming years with tremendous growth opportunities available for vendors. Players in the market are differentiating themselves by providing additional features such as cloud-based security analytics solutions to enhance customer experience and outperform competitors. However, the shortage of skilled workforce will be a challenge for vendors in the market.

Key vendors in the market include -

  • Cisco
  • IBM
  • Intel Security (McAfee)
  • Symantec

The other prominent vendors in the market are Alert Logic, Barracuda Networks, CA Technologies, CipherCloud, CloudPassage, Credant Technologies, CYREN, Forcepoint, Fortinet, LogRhythm, Panda Security, Phantom Technologies, Proofpoint, Radware, SafeNet, SecureAuth, Sophos, Symplified  , Trend Micro, Trustwave, WatchGuard Technologies, and Zscaler.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2020?
  • What are the key factors driving the global SaaS-based IT security market?
  • What are the key market trends impacting the growth of the global SaaS-based IT security market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global SaaS-based IT security market?
  • What are the market opportunities and threats faced by the vendors in the global SaaS-based IT security market?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the global SaaS-based IT security market?

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Table of Contents

PART 01: Executive summary

  • Highlights

PART 02: Scope of the report

  • Market overview
  • Top-vendor offerings

PART 03: Market research methodology

  • Research methodology
  • Economic indicators

PART 04: Introduction

  • Key market highlights

PART 05: Market landscape

  • Market overview
  • Market size and forecast
  • Five forces analysis

PART 06: Market segmentation by service

  • Global SaaS-based IT security market by service
  • E-mail gateway services
  • IAM services
  • Cloud encryption services
  • Web gateway services
  • SIEM services
  • Others

PART 07: Geographical segmentation

  • Global SaaS-based IT security market by geography
  • Americas
  • EMEA
  • APAC

PART 08: Market drivers

PART 09: Impact of drivers

PART 10: Market challenges

PART 11: Impact of drivers and challenges

PART 12: Market trends

PART 13: Vendor landscape

  • Competitive scenario
  • Major vendors
  • Other prominent vendors

PART 14: Key vendor analysis

  • Cisco Systems
  • IBM
  • Intel Security (McAfee)
  • Symantec

PART 15: Appendix

  • List of abbreviations

PART 16: Explore Technavio

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.


Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases


Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts



  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis


  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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