Global SaaS-based IT Security Market 2016-2020
Published: Jun 2016 | Pages: 71 | SKU: IRTNTR9363 |
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.
INFORMATION SOURCES
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 ANALYSIS
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
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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