Worldwide Security as a Service Forecast, 2021–2025

COVID-19 has accelerated the need for enterprises to maintain security across their organizations, not only for office locations but also for remote workforces. CISOs face the challenge of addressing growing security risks while minimizing the impact on business workflows and efficiency. While on-premise hardware and software security remain essential, cloud-hosted, service-based security represents a key strategy that businesses are increasingly adopting to address the growing needs of the rapidly evolving threat landscape. Industry growth for security-as-a-service is projected at a CAGR of 13.1% through 2025.