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
• By Enterprise Size
• By End-User Industry
o Communication and Technology
• By Geography
o North America
United States of America
o South America
o Middle East and Africa
o Asia Pacific
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