Software as a Service (SaaS) Based IT Security Market

By Service;

E-mail Gateway , IAM , Cloud Encryption , Web Gateway , SIEM, and Others

By Endpoint Security;

Antivirus and Antimalware Solutions, Endpoint Detection, and Response (EDR)

By Network Security;

Firewall and VPN Solutions, Intrusion Detection, and Prevention Systems (IDPS)

By Enterprise Size;

Small and Medium Enterprises, and Large Enterprises

By End-User;

BFSI, Healthcare, Retail, IT and Telecommunications, Government, and Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn158851799 Published Date: August, 2025

SaaS-based IT Security Market Overview

SaaS-based IT Security Market (USD Million)

SaaS-based IT Security Market was valued at USD 23610.23 million in the year 2024. The size of this market is expected to increase to USD 75209.77 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 18.0%.


Software as a Service (SaaS) Based IT Security Market

*Market size in USD million

CAGR 18.0 %


Study Period2025 - 2031
Base Year2024
CAGR (%)18.0 %
Market Size (2024)USD 23610.23 Million
Market Size (2031)USD 75209.77 Million
Market ConcentrationLow
Report Pages315
23610.23
2024
75209.77
2031

Major Players

  • Cisco Systems Inc.
  • Microsoft Corporation
  • IBM Corporation
  • Symantec Corporation
  • McAfee LLC
  • Trend Micro Incorporated
  • Palo Alto Networks, Inc.
  • Fortinet Inc.
  • Check Point Software Technologies Ltd.
  • Proofpoint Inc.
  • Sophos Group plc
  • Zscaler Inc.
  • Okta, Inc.
  • CrowdStrike Holdings Inc.
  • FireEye Inc.
  • Rapid7 Inc.
  • Qualys Inc.
  • Mimecast Limited
  • Barracuda Networks Inc.
  • Forcepoint LLC

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Software as a Service (SaaS) Based IT Security Market

Fragmented - Highly competitive market without dominant players


The SaaS-based IT Security Market is witnessing strong growth due to the widespread transition toward cloud-native infrastructures. Approximately 72% of organizations are now deploying cloud-delivered security solutions to improve operational flexibility and cost efficiency. As businesses seek more scalable and reliable protection models, SaaS IT security becomes a strategic asset in reducing complexity. This momentum is amplified by rising partnership initiatives and demand for subscription-based services.

Next-Gen Technologies Fueling Innovation
Breakthroughs in artificial intelligence, machine learning, and zero-trust security are reshaping SaaS-based security approaches. Nearly 65% of enterprises are incorporating AI-powered tools to automate detection and response functions. These innovations allow organizations to predict, prevent, and mitigate threats with greater speed and accuracy. Sustained technology innovation and strategic collaboration remain central to market advancement, opening new doors for future opportunities.

Integration and M&A Power Ecosystem Expansion
A surge in strategic mergers and technology integrations is helping security providers scale offerings and improve solution synergy. More than 60% of security deployments are being embedded into cloud-first platforms, making them essential components of enterprise architecture. These integrations allow companies to offer end-to-end protection models, ensuring consistent performance. The result is a flourishing landscape of collaborative partnerships and ecosystem-driven expansion.

Robust Outlook with Expanding Opportunities
The market’s future outlook is driven by growing awareness around threat protection and a significant increase in cloud and remote workflows. With over 67% of organizations investing in comprehensive SaaS security models, the sector is poised for sustained growth. As businesses look to enhance data protection, build resilient infrastructures, and secure remote operations, the need for innovative and integrated solutions will continue to drive long-term opportunities.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Service
    2. Market Snapshot, By Endpoint Security
    3. Market Snapshot, By Network Security
    4. Market Snapshot, By Enterprise Size
    5. Market Snapshot, By End-User
    6. Market Snapshot, By Region
  4. SaaS-based IT Security Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Cybersecurity Threats
        2. Growing Adoption of Cloud-based Solutions
        3. Rising Need for Regulatory Compliance
      2. Restraints
        1. Data Privacy Concerns
        2. Integration Complexities with Existing Systems
        3. Limited Awareness in Developing Regions
      3. Opportunities
        1. Expanding Demand for Advanced Threat Detection
        2. Increasing Investments in IT Security Solutions
        3. Rising Adoption of AI and Machine Learning in Security Systems
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. SaaS-based IT Security Market, By Service, 2021 - 2031 (USD Million)
      1. E-mail Gateway
      2. IAM
      3. Cloud Encryption
      4. Web Gateway
      5. SIEM
      6. Others
    2. SaaS-based IT Security Market, By Endpoint Security, 2021 - 2031 (USD Million)
      1. Antivirus and Antimalware Solutions
      2. Endpoint Detection
      3. Response (EDR)
    3. SaaS-based IT Security Market, By Network Security, 2021 - 2031 (USD Million)
      1. Firewall and VPN Solutions
      2. Intrusion Detection
      3. Prevention Systems (IDPS)
    4. SaaS-based IT Security Market, By Enterprise Size, 2021 - 2031 (USD Million)
      1. Small and Medium Enterprises
      2. Large Enterprises
    5. SaaS-based IT Security Market, By End-User, 2021 - 2031 (USD Million)
      1. BFSI
      2. Healthcare
      3. Retail
      4. IT and Telecommunications
      5. Government
      6. Others
    6. SaaS-based IT Security Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Cisco Systems Inc.
      2. Microsoft Corporation
      3. IBM Corporation
      4. Symantec Corporation
      5. McAfee LLC
      6. Trend Micro Incorporated
      7. Palo Alto Networks, Inc.
      8. Fortinet Inc.
      9. Check Point Software Technologies Ltd.
      10. Proofpoint Inc.
      11. Sophos Group plc
      12. Zscaler Inc.
      13. Okta Inc.
      14. CrowdStrike Holdings, Inc.
      15. FireEye Inc.
      16. Rapid7 Inc.
      17. Qualys Inc.
      18. Mimecast Limited
      19. Barracuda Networks Inc.
      20. Forcepoint LLC
  7. Analyst Views
  8. Future Outlook of the Market