The Security-as-a-service (SaaS) is an outsourcing model for the security management. The large service providers integrate their services into the organizations on the subscription basis, which provides cost-effective and complete security solution.

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The SaaS includes services such as delivery of an anti-virus software over the Internet and malware protection. The SaaS offers number of benefits including constant virus definition updates, greater security, outsourcing of administrative tasks, and web interface for monitoring the environment.

The availability of advance security tools, access to the contextual expertise, and cost-effective security are some of the salient features of the SaaS. However, the unavailability of reliable security tool and availability of access to the sensitive data to the vendors the SaaS becomes a noteworthy security concern. The SaaS is accessible from the Internet, which poses a threat to the system.

The market is disintegrated into international as well as regional players and it is highly diversified. The large international players try to acquire regional players to increase the workforce and boost their portfolio. For instance, in July 2016 Oracle Corporation acquired NetSuite Inc. The market expects intense competition owing to technological advancements, service extensions, and various services offered by vast vendors.

The increase in cybercrime activities, growth of the sensitive organizational data, and the growth in trend of mobile devices drives the SaaS market. Use of cloud technology has increased prominently over the years, which has created the need to have more protected and cost-effective security solutions. The strict government regulations have pushed the market to create a better integrated service complying with government regulations.

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The major market players such as Symantec Corporation, Intel Security (MCAFEE), Trend Micro Incorporated, Cisco Systems, Inc., Fortinet, Inc., Panda Security, S.L., CipherCloud, Inc., Zscaler, Inc., Alert Logic, Inc., and Radware Ltd. is also provided in this report.

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