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Security as a Service Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019 to 2026

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Global Security as a Service Market is estimated to value over USD 17.5 billion by 2026 end and grow at a CAGR of over 15.9% during the forecast period 2019 to 2026. Software as a Service (SaaS) is the distribution model of software. The software is
Security as a Service Market Global Trends, Market Share, Industry Size, Growth,
Opportunities, and Market Forecast 2019 to 2026
Global Security as a Service Market is estimated to value over USD 17.5 billion by
2026 end and grow at a CAGR of over 15.9% during the forecast period 2019 to 2026.
Software as a Service (SaaS) is the distribution model of software. The software is
distributed to customers online through third-party host. As their remains growing
dependency on cloud computing, the threat of cyber-attack and hackers is vast. It
hands cloud computing much needed security. It makes sure, sensitive information
remains protected and stay away from hackers. It offers multiple benefits like good
security, web interface, and anti-virus updates.
The security as a service market is forecasted to have vast growth because of the
preference of business service over cloud services. Many companies are focusing on
security as a service model as it provides low pricing effective security model and no
maintenance requirement of software or hardware. IT and Telecom industry are the
biggest users of security as a service and their expansion has fueled the growth of
the market. Strict government regulations have also created suffice opportunities in
the market. In Poland, growing economy and government regulations have driven
the growth of the IT industry which has given more growth to Saas market.
However, Increase in cybercrime, unwillingness to share sensitive data and vacancy
of free anti-virus has hindered the growth of the market.
North America market is expected to witness high market share in the global market
due to the high presence of the IT industry. It is followed by the European region and
it accounts for a significant share in the global market. Asia-Pacific region is expected
to witness a high market growth rate during the forecast period because of the rise
in the IT industry. Changing economic conditions in the Asia Pacific region created
huge opportunities.
Significant players of the market include Fortinet, Zscaler,Inc., Radware, Cisco
Systems, Panda Security, Intel Security and Alert Logic,Inc.
Security as a Service Market Restraints:
● Increase in cybercrime
● Unwillingness to share sensitive data
● Vacancy of free antivirus
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Security as a Service Market Segmentation:
By Component:
● Solutions
● Services
By Solution:
● Identity and Access Management
● Continuous Monitoring
● Encryption
● Data Loss Prevention
● Business Continuity and Disaster Management
● Identity and Access Management
● Intrusion Management
By Service:
● Support and Maintenance
● Consulting
● Training and Education
By Organization Size:
● Large enterprises
● Small and Medium enterprises
By Industry:
● Government and Defense
● Banking
● Financial Services and Insurance
● IT and Telecom
● Retail
● Healthcare
● Manufacturing
● Energy and Utilities
By Region:
● Europe
● North America
● APAC
● Latin America
● Rest of World
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Competitive Landscape:
● Tier 1 players- established companies in the market with a major market share
● Tier 2 players
● Emerging players which are growing rapidly
● New Entrants
Future Wise Takeaways:
● Growth Prospects
● SWOT analysis
● Key trends
● Key data points affecting market growth
Objectives of the Study:
● To provide with an exhaustive analysis on global security as a service market on
the basis of component, application area, organization size, end-use industry and
region
● To cater comprehensive information on factors impacting market growth
(drivers, restraints, opportunities, and industry-specific restraints)
● To evaluate and forecast micro-markets and the overall market
● To predict the market size, in key regions (along with countries)—North America,
Europe, Asia Pacific, Latin America, and the Middle East
● To record evaluate and competitive landscape mapping- product launches,
technological advancements, mergers and expansions
● Profiling of companies to evaluate their market shares, strategies, financials and
core competencies
Inquire further details about this report at: [email protected]
About FutureWise Research:
We specialise in high-growth niche markets, assuring flexibility, agility and
customised solutions for our clients. Through in-depth market insights and
consultancy, we present our clients with the tools they need to be at the forefront of
their industry – a position secured for far more than the near future.
Contact Us:
Company Name: FutureWise Research
Contact Person: Vinay Thaploo
Email: [email protected]
Phone: +44 141 628 9353 / +1 970 279 4295
City: Leeds
Country: United Kingdom
Website: www.futurewiseresearch.com
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