The global security as a service market stood at a value of around USD 21.63 Billion in 2025. The market is further expected to grow in the forecast period of 2026-2035 at a CAGR of 18.50% to reach USD 118.10 Billion by 2035.
Base Year
Historical Period
Forecast Period
Compound Annual Growth Rate
18.5%
Value in USD Billion
2026-2035
*this image is indicative*
| Global Security as a Service Market Report Summary | Description | Value |
| Base Year | USD Billion | 2025 |
| Historical Period | USD Billion | 2019-2025 |
| Forecast Period | USD Billion | 2026-2035 |
| Market Size 2025 | USD Billion | 21.63 |
| Market Size 2035 | USD Billion | 118.10 |
| CAGR 2019-2025 | Percentage | XX% |
| CAGR 2026-2035 | Percentage | 18.50% |
| CAGR 2026-2035 - Market by Region | Latin America | 19.4% |
| CAGR 2026-2035 - Market by Country | India | 20.2% |
| CAGR 2026-2035 - Market by Country | China | 19.8% |
| CAGR 2026-2035 - Market by Component | Services | 20.8% |
| CAGR 2026-2035 - Market by Application | Cloud Security | 21.3% |
| Market Share by Country 2025 | Brazil | 2.4% |
Based on component, the solutions segment accounts for a significant share in the market owing to the growing adoption of cloud-based solutions. This can be attributed to the significant advantages offered by the cloud-based technology, such as cost-savings, security, flexibility, mobility, insight, quality control, speed, and reduced risk of data loss, among others. The growing dependence of small, medium, and large enterprises on cloud-based solutions is likely to be a major driving factor for the market in the forecast period. Furthermore, cloud-based solutions are subject to upgradation and new features can be added to these solutions easily.
The security as a service industry in North America is driven by the increased penetration of the internet of things (IoT) in the United States and Canada. The expansion of small, medium, and large enterprises in the region is likely to provide impetus to the market in the forecast period. Moreover, the growing adoption of security as a service in the government sector, owing to the rapid expansion of the military and defence sector, is likely to propel the demand for SECaaS in the region. The growing expenditure by countries like the United States to curb the growing cases of terrorism is also supporting the industry. Hence, the market in the region is expected to witness a healthy growth in the forecast period.
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Security as a service (SECaaS) is defined as a cloud-computing model which delivers security services over the internet. In other words, it is an outsourcing model which facilitates security management.
Based on component, the market can be segmented into:
The major applications of security as a service include:
On the basis of organisation size, the market is segmented into:
The different verticals considered in the market report include:
The regional markets for the product include:
| CAGR 2026-2035 - Market by | Country |
| India | 20.2% |
| China | 19.8% |
| Saudi Arabia | 19.4% |
| Mexico | 18.9% |
| UK | 18.4% |
| Canada | XX% |
| Germany | XX% |
| France | 17.9% |
| Italy | XX% |
| Japan | XX% |
| Australia | XX% |
| Brazil | XX% |
| USA | 17.9% |
The rising application of SECaaS in the banking, financial services, and insurance sector is driving the global market for security as a service. This can be attributed to the rising cases of fraud, cheating, and hacking in the banking, financial services, and insurance sector. In addition to this, SECaaS reduces the cost of security hardware and simplifies security management and removes the need to employ highly trained and expensive security staff. Furthermore, it is capable of eliminating the potential threats in the banking sector by deeply analysing the schemes and business offerings. Furthermore, the market will also be aided by the rising application of security as a service in the military and defence sector owing to the rising geopolitical tension between the nations. These factors are anticipated to bolster the market growth in the forecast period.
The report gives a detailed analysis of the following key players in the global security as a service market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
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In 2025, the global security as a service market attained a value of nearly USD 21.63 Billion.
The market is estimated to grow at a CAGR of 18.50% between 2026 and 2035.
The market is estimated to witness a healthy growth in the forecast period of 2026-2035 to reach USD 118.10 Billion by 2035.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major drivers of the market include the rapid technological advancements and the rising application of security as a service in various industry verticals including banking, financial services and insurance, healthcare, energy and utilities, and manufacturing, among others.
The increasing growing adoption of cloud-based security solutions is expected to be a key trend guiding the growth of the industry.
Solutions and services are the major components included in the market report.
Network security, application security, and cloud security, among others are the different applications.
Small and medium enterprises and large enterprises are the major segments explored in the market report.
Banking, financial services, and insurance, government and defence, retail, healthcare, IT and telecom, energy and utilities, and manufacturing, among others are the different verticals considered in the market report.
The major players in the industry are McAfee Corporation, Cisco Systems Inc., Trend Micro Incorporated, Okta Inc., Lookout Inc., and Alert Logic, Inc., among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Component |
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| Breakup by Application |
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| Breakup by Organisation Size |
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| Breakup by Vertical |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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