Security as a Service Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The SECaaS Market Report is Segmented by Solution (Identity and Access Management (IAM), Secure Email Gateway, and More), Deployment Model (Public Cloud, Private Cloud, and Hybrid Cloud), Organization Size (Large Enterprises and Small and Medium Enterprises (SMEs)), End-User Industry (BFSI, IT and Telecom, Healthcare and Life Sciences, and More), and Geography. The Market Forecasts are Provided in Terms of Value (USD).

SECaaS Market Size and Share

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SECaaS Market Analysis by Mordor Intelligence

The SECaaS market size stands at USD 14.07 billion in 2025 and is forecast to reach USD 32.59 billion by 2030, expanding at an 18.3% CAGR. Heightened board-level focus on cyber-resilience, the mainstreaming of consumption-based pricing, and the steady migration of workloads to public and hybrid clouds are steering procurement budgets toward cloud-delivered security controls. Organizations replacing appliance-centric defenses with converged Security Service Edge platforms find that the pay-as-you-go model keeps protection levels aligned with actual traffic volumes, a decisive advantage as edge locations proliferate. Demand accelerates further when remote-work policies and the proliferation of cloud-native applications bring identity, device, and API traffic under one policy framework. The SECaaS market now benefits from AI-infused analytics that shorten dwell time and provide full-stack observability, turning threat intelligence into automated, closed-loop response. 

Key Report Takeaways

  • By solution, Identity and Access Management led with 24.6% of SECaaS market share in 2024, while Cloud Access Security Broker is projected to expand at a 19.0% CAGR through 2030.
  • By deployment model, the public-cloud segment accounted for 59.8% revenue share in 2024; hybrid-cloud deployments are growing the fastest at a 19.8% CAGR to 2030.
  • By organization size, large enterprises held 67.8% of the SECaaS market size in 2024, yet the SME segment is advancing at a 20.1% CAGR through 2030.
  • By end-user industry, IT and telecom generated 23.4% revenue share in 2024, whereas the BFSI segment records the highest projected CAGR at 18.8% into 2030.
  • By geography, North America commanded 37.1% of revenue in 2024; Asia-Pacific is forecast to grow the fastest at a 19.4% CAGR to 2030. 

Segment Analysis

By Solution: Identity at the Core, CASB in Acceleration

Identity-and-Access Management remains the anchor of the SECaaS market, contributing 24.6% of 2024 revenue as cloud-first architectures elevate identity to the default control plane. The segment’s enduring relevance reflects tighter least-privilege mandates and the explosion of third-party developer accounts. Advanced IAM suites now extend beyond workforce SSO to govern non-human identities generated by container orchestrators, elevating license counts and average revenue per user. Less visible yet faster moving, the Cloud Access Security Broker segment is growing at a 19.0% CAGR, fueled by the need to discover unsanctioned SaaS and enforce data-loss-prevention rules directly in SaaS-to-SaaS traffic. Combined, these solution pillars underpin the transition toward unified Security Service Edge offerings, where in-line inspection, access control, and data classification co-reside on a global edge fabric. Secure Email Gateway and Secure Web Gateway functions are migrating into these converged stacks, while next-generation SIEM refactors ingestion pipelines to exploit hyperscaler object-storage, thus slashing per-terabyte economics and removing deployment friction. 

Second-generation vulnerability-management tools, embedded directly into CI/CD pipelines, close feedback loops between code, build, and runtime. This segue ties security posture tightly to developer workflows and allies the SECaaS market with the broader Platform Engineering movement. Vendors now package pre-approved IaC templates, policy-as-code libraries, and pipeline plugins so that risk visibility becomes intrinsic rather than bolted-on. The most effective sales narratives pivot on measurable MTTD reductions, dashboard-driven compliance, and the demonstrable ROI of consolidating five point solutions into one contract.

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Note: Segment shares of all individual segments available upon report purchase

By Deployment Model: Hybrid Momentum Challenges Public-Cloud Dominance

Public-cloud deployments represented 59.8% of the 2024 SECaaS market as organizations capitalized on turnkey global points of presence and elastic scale. Nevertheless, hybrid-cloud adoption is posting a 19.8% CAGR as regulated entities weigh data-sovereignty mandates against latency and performance criteria. Enterprises now commonly place identity brokers and policy engines in public cloud while running inline decryption nodes on customer-managed infrastructure for sensitive workloads. Such architectural pluralism requires orchestration layers that can propagate policy once and enforce everywhere—capabilities that have become a differentiator in vendor bake-offs. 

Private-cloud SECaaS instances persist for defense and critical-infrastructure operators who cannot expose traffic metadata to shared environments. Emerging industry blueprints allow controlled synchronization of indicators of compromise across trust domains without violating data-residency rules, an approach pioneered by industrial-control vendors working with national CERTs. Over the forecast horizon, multi-cloud policy automation will become table stakes, catalyzing alliances between cloud platforms and security vendors aimed at streamlining identity federation, key management, and telemetry normalization.

By Organization Size: SMEs Narrow the Protection Gap

Large enterprises captured 67.8% of the SECaaS market size in 2024, buoyed by multi-year transformation programs, in-house SOC personnel, and cross-border infrastructure footprints that mandate globally distributed inspection points. They continue to prioritize vendor consolidation and AI-driven automation to offset shortages in tier-1 analysts. Meanwhile, small- and mid-size enterprises register a 20.1% CAGR, a clear signal that simplified onboarding and usage-based pricing are democratizing advanced security. Vendors catering to this cohort lead with zero-touch deployment, built-in best-practice defaults, and exportable compliance reports designed for insurance underwriters. 

The insurance sector itself has become a channel for SECaaS adoption. Hybrid products that bundle breach insurance with ongoing monitoring—exemplified by DUAL Europe’s Cyber Active Protect solution—translate risk mitigation into lower premiums, effectively subsidizing the security subscription. As underwriters tighten payout conditions, SME adoption curves steepen; vendors able to provide insurer-approved controls enjoy reduced customer-acquisition costs and higher renewal rates.

SECaaS Market
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Note: Segment shares of all individual segments available upon report purchase

By End-User Industry: BFSI Growth Outpaces Traditional Leaders

IT and telecom providers were first movers into cloud-native architectures and, consequently, continue to generate 23.4% of 2024 revenue. Yet the Banking, Financial Services, and Insurance vertical is projected to grow the fastest, posting an 18.8% CAGR as regulatory frameworks evolve toward zero-trust baselines. BFSI buyers increasingly demand certified cryptographic modules, automated key rotation, and near-real-time compliance evidence. Vendors responding with integrated secrets management and continuous control validation secure multi-year framework agreements with global banks. 

Healthcare and life-sciences organizations, under siege from ransomware, prioritize managed detection and response delivered entirely as a service. Government and defense buyers place sovereignty and supply-chain transparency at the top of RFP scoring, reserving workloads for platforms audited under FedRAMP High or equivalent schemes. Retailers and manufacturers push for inline tokenization and operational-technology anomaly detection, respectively, merging IT and OT telemetry in unified data lakes that feed AI analytics.

Geography Analysis

North America retained 37.1% of global revenue in 2024, reflecting its concentration of hyperscalers, cybersecurity innovators, and early-adopter enterprises. Federal guidance from CISA urging the sunset of legacy VPN tunnels in favor of zero-trust, cloud-native access further cements demand[3]CISA, “Zero Trust Maturity Model 2.0,” cisa.gov. Financial institutions now mandate Security Service Edge controls during third-party due-diligence reviews, reinforcing network effects across supply chains. Canada and Mexico ride this momentum, integrating regional data-protection statutes with cross-border data flows to spur platform expansion. 

Asia-Pacific is advancing at a 19.4% CAGR to 2030 as cloud-migration roadmaps underpin national digital-economy targets. India’s public-cloud revenues already rank among the world’s fastest-growing, and Australia’s IRAP framework has opened government procurement channels for certified providers. Japan’s telecom operators spearhead 5G edge rollouts, prompting industrial clients to pre-provision inline inspection to remote factories. Localized data regulations are diverse, but providers that can demonstrate consistent, region-aware encryption-key management gain a decisive bidding advantage. 

Europe maintains robust demand, driven by GDPR and the emerging Digital Operational Resilience Act that obliges real-time control validation for financial entities. Germany and the United Kingdom lead investments in converged platforms that unify cloud access, email security, and data-loss prevention. France and Italy accelerate procurement through national cyber-resilience plans that allocate co-funding for SME adoption. Elsewhere, South America and the Middle East and Africa are earlier in their cloud journeys yet rapidly expanding internet backbones and regulatory frameworks, setting the stage for elevated SECaaS penetration rates as economic conditions stabilize.

SECaaS Market
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Competitive Landscape

The SECaaS market shows moderate consolidation as hyperscalers, legacy firewall vendors, and pure-play cloud-security specialists race to assemble full-stack platforms. Google’s USD 32 billion purchase of Wiz augments its cloud portfolio with agentless workload scanning and deep runtime visibility, mirroring CyberArk’s USD 1.54 billion acquisition of Venafi that fuses machine-identity management with human IAM workloads. Such landmark transactions underscore buyer preference for integrated control planes over best-of-breed mosaics. 

Product strategies pivot sharply toward generative-AI enablement. Zscaler’s collaboration with NVIDIA delivers real-time language translation of threat telemetry into actionable remediation steps. Palo Alto Networks shattered previous marketplace records by surpassing USD 1.5 billion in sales through Google Cloud Marketplace, proving that co-selling motions shorten enterprise procurement cycles. Startup investments gravitate toward niche capabilities such as AI-native data-leak protection and post-quantum cryptography. Tenable’s acquisition of Apex Security folds AI-based activity-risk scoring directly into its vulnerability-management fabric, confirming that analytics differentiation remains acquisition-driven. 

Channel dynamics evolve as managed-service providers embed SECaaS modules into broader digital-transformation offerings. Fortinet’s ASIC-driven next-generation firewalls deliver up to 11x higher IPsec throughput, a performance edge that resonates in latency-sensitive verticals. NTT DATA’s expanded partnership with Rubrik blends backup resilience with ransomware-aware automation, illustrating how data-protection and security silos converge. Strategic positioning now hinges on delivering measurable resilience outcomes—mean-time-to-recover, policy drift eradication, and regulatory evidence generation—rather than merely enumerating feature matrices.

SECaaS Industry Leaders

  1. IBM Corporation

  2. Cisco Systems Inc.

  3. Amazon Web Services

  4. Google Cloud

  5. Microsoft

  6. *Disclaimer: Major Players sorted in no particular order
Security-as-a-Service (SECaaS) Market Concentration
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Recent Industry Developments

  • March 2022: Google closed its USD 32 billion acquisition of Wiz, instantly bolstering Google Cloud’s threat-detection and posture-management capabilities.
  • March 2025: NTT DATA broadened its alliance with Rubrik, offering Fortune 500 clients ransomware recovery and cyber-resilience managed services.
  • February 2025: Fortinet unveiled FortiGate G-series firewalls featuring proprietary ASICs and AI security services that raise IPsec VPN throughput to 11x industry averages.
  • January 2025: Cognizant partnered with CrowdStrike to integrate Falcon Next-Gen SIEM and Falcon Cloud Security into its cloud-migration engagements.

Table of Contents for SECaaS Industry Report

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET LANDSCAPE

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Surging cloud adoption among SMEs and enterprises
    • 4.2.2 Rising sophistication of cyber threats
    • 4.2.3 Shift to remote-work and BYOD environments
    • 4.2.4 Stringent global data-protection regulations
    • 4.2.5 API-driven "security-as-code" demand in DevSecOps
    • 4.2.6 Rapid rollout of zero-trust Security Service Edge
  • 4.3 Market Restraints
    • 4.3.1 Data-residency and sovereignty concerns
    • 4.3.2 Multi-vendor subscription-management complexity
    • 4.3.3 Latency-sensitive workloads bypassing inline cloud security
    • 4.3.4 Lack of usage-based billing standards
  • 4.4 Value Chain Analysis
  • 4.5 Regulatory Landscape
  • 4.6 Technological Outlook
  • 4.7 Porter's Five Forces Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Buyers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitutes
    • 4.7.5 Intensity of Competitive Rivalry
  • 4.8 Investment Analysis
  • 4.9 Assessment of the Impact of Macroeconomic Trends on the Market

5. MARKET SIZE AND GROWTH FORECASTS (VALUE)

  • 5.1 By Solution
    • 5.1.1 Identity and Access Management (IAM)
    • 5.1.2 Secure Email Gateway
    • 5.1.3 Secure Web Gateway
    • 5.1.4 Cloud Access Security Broker (CASB)
    • 5.1.5 Security Information and Event Management (SIEM)
    • 5.1.6 Vulnerability Management
    • 5.1.7 Other Solutions
  • 5.2 By Deployment Model
    • 5.2.1 Public Cloud
    • 5.2.2 Private Cloud
    • 5.2.3 Hybrid Cloud
  • 5.3 By Organization Size
    • 5.3.1 Large Enterprises
    • 5.3.2 Small and Medium Enterprises (SMEs)
  • 5.4 By End-User Industry
    • 5.4.1 BFSI
    • 5.4.2 IT and Telecom
    • 5.4.3 Healthcare and Life Sciences
    • 5.4.4 Government and Defense
    • 5.4.5 Retail and E-commerce
    • 5.4.6 Manufacturing
    • 5.4.7 Others
  • 5.5 By Geography
    • 5.5.1 North America
    • 5.5.1.1 United States
    • 5.5.1.2 Canada
    • 5.5.1.3 Mexico
    • 5.5.2 Europe
    • 5.5.2.1 Germany
    • 5.5.2.2 United Kingdom
    • 5.5.2.3 France
    • 5.5.2.4 Italy
    • 5.5.2.5 Spain
    • 5.5.2.6 Rest of Europe
    • 5.5.3 Asia-Pacific
    • 5.5.3.1 China
    • 5.5.3.2 Japan
    • 5.5.3.3 India
    • 5.5.3.4 South Korea
    • 5.5.3.5 Australia
    • 5.5.3.6 Rest of Asia-Pacific
    • 5.5.4 South America
    • 5.5.4.1 Brazil
    • 5.5.4.2 Argentina
    • 5.5.4.3 Rest of South America
    • 5.5.5 Middle East and Africa
    • 5.5.5.1 Middle East
    • 5.5.5.1.1 Saudi Arabia
    • 5.5.5.1.2 United Arab Emirates
    • 5.5.5.1.3 Turkey
    • 5.5.5.1.4 Rest of Middle East
    • 5.5.5.2 Africa
    • 5.5.5.2.1 South Africa
    • 5.5.5.2.2 Egypt
    • 5.5.5.2.3 Nigeria
    • 5.5.5.2.4 Rest of Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Market Concentration
  • 6.2 Strategic Moves
  • 6.3 Market Share Analysis
  • 6.4 Company Profiles (includes Global-level Overview, Market-level Overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share, Products and Services, Recent Developments)
    • 6.4.1 Cisco Systems
    • 6.4.2 Zscaler
    • 6.4.3 Palo Alto Networks
    • 6.4.4 Microsoft
    • 6.4.5 Trend Micro
    • 6.4.6 Barracuda Networks
    • 6.4.7 IBM
    • 6.4.8 Proofpoint
    • 6.4.9 Sophos
    • 6.4.10 Forcepoint
    • 6.4.11 McAfee
    • 6.4.12 Symantec (Broadcom)
    • 6.4.13 Qualys
    • 6.4.14 Check Point Software
    • 6.4.15 Fortinet
    • 6.4.16 Cloudflare
    • 6.4.17 Okta
    • 6.4.18 Akamai
    • 6.4.19 Amazon Web Services
    • 6.4.20 Google Cloud
    • 6.4.21 CrowdStrike
    • 6.4.22 Rapid7

7. MARKET OPPORTUNITIES AND FUTURE OUTLOOK

  • 7.1 White-space and Unmet-Need Assessment
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Global SECaaS Market Report Scope

In Security-as-a-Service (SECaaS) model, a service provider integrates their security services into the business infrastructure on a subscription basis more cost-effectively than most individuals or corporations can provide on their own.

The Security-as-a-Service (SECaaS) Market is segmented by solution (identity and access management, secure email gateway, secure web gateway, vulnerability management, Security Information and Event Management (SIEM), application security testing, and other solutions), organization size (small and medium enterprises, large enterprises), and geography (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa).

The market sizes and forecasts are in terms of value (USD million) for all the above segments.

By Solution Identity and Access Management (IAM)
Secure Email Gateway
Secure Web Gateway
Cloud Access Security Broker (CASB)
Security Information and Event Management (SIEM)
Vulnerability Management
Other Solutions
By Deployment Model Public Cloud
Private Cloud
Hybrid Cloud
By Organization Size Large Enterprises
Small and Medium Enterprises (SMEs)
By End-User Industry BFSI
IT and Telecom
Healthcare and Life Sciences
Government and Defense
Retail and E-commerce
Manufacturing
Others
By Geography North America United States
Canada
Mexico
Europe Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
South America Brazil
Argentina
Rest of South America
Middle East and Africa Middle East Saudi Arabia
United Arab Emirates
Turkey
Rest of Middle East
Africa South Africa
Egypt
Nigeria
Rest of Africa
By Solution
Identity and Access Management (IAM)
Secure Email Gateway
Secure Web Gateway
Cloud Access Security Broker (CASB)
Security Information and Event Management (SIEM)
Vulnerability Management
Other Solutions
By Deployment Model
Public Cloud
Private Cloud
Hybrid Cloud
By Organization Size
Large Enterprises
Small and Medium Enterprises (SMEs)
By End-User Industry
BFSI
IT and Telecom
Healthcare and Life Sciences
Government and Defense
Retail and E-commerce
Manufacturing
Others
By Geography
North America United States
Canada
Mexico
Europe Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
South America Brazil
Argentina
Rest of South America
Middle East and Africa Middle East Saudi Arabia
United Arab Emirates
Turkey
Rest of Middle East
Africa South Africa
Egypt
Nigeria
Rest of Africa
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Key Questions Answered in the Report

What is the current value of the SECaaS market?

The SECaaS market size is USD 14.07 billion in 2025 and is forecast to reach USD 32.59 billion by 2030.

Which solution segment holds the largest share?

Identity and Access Management leads with 24.6% of SECaaS market share in 2024.

Which deployment model is growing the fastest?

Hybrid-cloud SECaaS deployments are expanding at a 19.8% CAGR through 2030.

Why is the BFSI sector a high-growth adopter?

Rising regulatory mandates and zero-trust initiatives push BFSI organizations to embrace SECaaS platforms, resulting in an 18.8% projected CAGR to 2030.

What geographic region is expected to post the highest growth rate?

Asia-Pacific is forecast to grow at a 19.4% CAGR, propelled by aggressive cloud-migration programs and evolving data-protection laws.

How does zero-trust architecture influence SECaaS demand?

Zero-trust frameworks require identity-centric controls delivered at the edge, making cloud-native Security Service Edge platforms the most efficient delivery mechanism and accelerating overall SECaaS market adoption.

SECaaS Market Report Snapshots