Global SaaS Security Market Share is Likely to Grow at a CAGR Value of 16.90% By 2028

30-Aug-2022 | Facts and Factors

According to Facts and Factors,the global SaaS Security Market size was worth USD 8,294.10 million in 2021 and is estimated to grow to USD 21166.85 million by 2028, with a compound annual growth rate (CAGR) of approximately 16.90% over the forecast period. The report analyzes the SaaS security industry market's drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the SaaS security industry market.

Cloud application security is handled in large part by SaaS security vendors. They are responsible for protecting the network, platform, physical infrastructure, and operating system. Office software, payroll processing software, invoicing, gamification, messaging software, customer relationship management (CRM), management information systems (MIS), talent acquisition, DBMS software, human resource management (HRM), enterprise resource planning (ERP), management software, CAD software, development software, virtualization, accounting, collaboration, and content management are just a few examples of business applications where SaaS has become the standard model of delivery. Additionally, SaaS security offers cloud-driven content security, including email security, identity & access management, encryption, and web security. As well as the information, accompanying cloud computing infrastructure, and connected apps also refer to the collection of policies, procedures, and controls put in place to protect them. SaaS security also includes elements for network security, data security, and information security.

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Browse the full “SaaS Security Market Size, Share, Growth Analysis Report By Services (Email Gateway Services, IAM Services, Cloud Encryption Services, Web Gateway Services, SIEM Services, Others) By Organization Size (Small and Medium Enterprises (SMEs), Large Enterprise), By Industry Verticals (Healthcare, Construction, Energy & Utilities, Education, Legal, Retail, Transportation, Hospitality, Agriculture, Government, Others), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028" report at https://www.fnfresearch.com/saas-security-market

The rise in popularity of cloud computing tools throughout the projection period is a result of their adaptability, automated software updating, capacity for disaster recovery, capital funding, cost-effectiveness, security, and eco-friendliness. Additionally, it is anticipated that the rise in data or information thefts occurring globally will influence market growth. In addition, increasing the use of BYOD and internet of things technology to boost productivity and employee happiness will fuel business expansion. The necessity to lower hardware costs for businesses, an increase in smartphone adoption, and the enormous demand for enterprise mobility software in major enterprises & IT divisions will further drive the market demand over the projection period. High business outsourcing activity worldwide will open up new growth opportunities for the market throughout the projected period. Small and medium-sized businesses are anticipated to adopt cloud solutions, which will help the market growth throughout the projection period. However, the market is now facing several major challenges, such as businesses' reluctance to use SaaS security solutions, consumers' unwillingness to disclose sensitive information with providers, and the availability of free security services. Market expansion is constrained by worries about data security and unpredictable network connections. The government's tight enforcement of regulations, the danger of data leakage, and consumers' poor regard for SaaS security service providers could all hinder the market's growth throughout the forecast period.

The global SaaS Security Market is segregated based on services, organization size, industry verticals, and region. Based on services, the market is segregated into email gateway services, IAM services, cloud encryption services, web gateway services, SIEM services and others. In 2021, the SIEM services segment dominated the global SaaS security industry market. Based on the organization size, the market is segregated into small and medium enterprises (SMEs) and large enterprises. In 2021, the large enterprise category dominated the global SaaS security industry market. Based on industry verticals, the market is segregated into healthcare, construction, energy & utilities, education, legal, retail, transportation, hospitality, agriculture, government and others. In 2021, the government category dominated the global SaaS security industry market.

The global SaaS Security Market is divided into geographic regions: North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America dominated the global market for the SaaS security industry in 2021 due to the region's increased adoption of solutions and investment in the research and development process. The expanding number of SaaS Security Market participants across geographies is anticipated to fuel market expansion. Moreover, during the study, the market is anticipated to be supported by rising investments made by notable vendors in product capabilities and business growth. Many market players are discovering lucrative prospects in industrialized nations like the US and Canada, where the big populations are linked with new developments in various industries.

Report Scope

Report Attribute

Details

Market Size in 2021

USD 8,294.10 Million

Projected Market Size in 2028

USD 21166.85 Million

CAGR Growth Rate

16.90% CAGR

Base Year

2021

Forecast Years

2022-2028

Key Market Players

IBM Corporation, Symantec Corporation, Alert Logic, CA Technologies, Cisco Systems Inc., McAfee Inc., Barracuda Networks Inc., CipherClouds, CYREN, Fortinet., and Others

Key Segment

By Services, Organization Size, Industry Verticals, and Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa

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Key players in the global SaaS security industry market include IBM Corporation, Symantec Corporation, Alert Logic, CA Technologies, Cisco Systems, Inc., McAfee, Inc., Barracuda Networks, Inc., CipherClouds, CYREN and Fortinet.

Global SaaS Market is segmented as follows:

By Services        

  • Email Gateway Services
  • IAM Services
  • Cloud Encryption Services
  • Web Gateway Services
  • SIEM Services
  • Others

By Organization Size     

  • Small and Medium Enterprises (SMEs)
  • Large Enterprise

By Industry Verticals     

  • Healthcare
  • Construction
  • Energy & Utilities
  • Education
  • Legal
  • Retail
  • Transportation
  • Hospitality
  • Agriculture
  • Government
  • Others

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Nordic Countries
      • Denmark
      • Sweden
      • Norway
    • Benelux Union
      • Belgium
      • The Netherlands
      • Luxembourg
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Southeast Asia
      • Indonesia
      • Thailand
      • Malaysia
      • Singapore
      • Rest of Southeast Asia
    • Rest of Asia Pacific
  • The Middle East & Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • South Africa
    • Rest of the Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

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