Security as a service market is estimated to grow at a CAGR of 15.21% to reach US$11.960 billion by 2024

Posted December 3, 2019 by K_sourcing

Knowledge Sourcing Intelligence announces the publication of a new report on “security as a service Market - Forecasts from 2019 to 2024" to their offering.

Security as a Service is in the form of an outsourced service handled by a third party. It aids in the management of security with the help of security software which is delivered on cloud or for the management of in-house security. The service is no longer available locally and also provides greater benefits than the traditional ways of security management contributing to huge cost savings as well.

This report provides forecast and analysis of the security as a service market which is estimated to grow at an impressive CAGR of 15.21% over the forecast period 2018-2024. The market for security as a service is expected to surge during the forecast period owing to the growing popularity among large enterprises and small and medium businesses (SMBs) alike. The growing popularity is attributed to the ease of implementation and the cost-effective benefits it provides. Additionally, the growing adoption of cloud-based services is further contributing to the market growth in the forecast period and in the coming years. Geographically, North America followed by Europe is projected to hold a significant market share, while the Asia Pacific region is expected to be among the fastest-growing. Furthermore, with the growing emphasis on following the regulatory and data protection laws and risks in the management of on-premise security solutions is significantly increasing the market demand for cloud-based security solutions in the forecast period and in the upcoming years.

Some of the major players covered as part of the report are Okta, Inc., Symantec (a division of Broadcom Inc.), McAfee, LLC, Cisco Security, and Trend Micro Incorporated.

This report segmented security as a service market on the basis following terms:

• By Type
o Email Protection
o Data Loss Prevention
o Web Protection
o Network Protection
o Identity and Access Protection
o Others

• By Enterprise Size
o Small
o Medium
o Large

• By End-User Industry
o Communication and Technology
o Healthcare
o Government
o Defense
o Others

• By Geography
o North America
 United States of America
 Canada
 Mexico

o South America
 Brazil
 Argentina
 Others

o Europe
 United Kingdom
 Germany
 France
 Italy
 Others

o Middle East and Africa
 Israel
 Saudi Arabia
 Others

o Asia Pacific
 China
 Japan
 India
 South Korea
 Others

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Knowledge Sourcing Intelligence (KSI) is a market research and consulting firm publishing market research studies spanning across ten industry verticals. KSI has a team of experienced and young professionals with a singular focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports per year centring on niche and latest technologies. We engage with key decision makers and stakeholders across the value chain to provide clients with a detailed analysis and bird’s-eye view of the market with complete market dynamics, statistical forecasts, competitive analysis, key trends, market drivers and challenges and strategic recommendations for making informed decisions. Our success lies in the effort of our analysts who strive to meet client expectations by delivering quality work within the stipulated deadlines.
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Issued By Knowledge Sourcing Intelligence
Country United States
Categories Research
Tags security as a service market , security as a service market analysis , security as a service market share , security as a service market size , security as a service market trends
Last Updated December 3, 2019