Global Security As A Service (SECaaS) Market To Reach USD 19.7 Billion By 2025.
Global Security as a Service (SECaaS) Market valued approximately USD 3.733 billion in 2016 is anticipated to grow with a healthy growth rate of more than 23.13% over the forecast period 2018-2025.
The Security as a Service (SECaaS) Market is continuously growing in the global scenario at significant pace. Security as a service (SecaaS or SaaS) is a cloud computing model that delivers managed security services over the internet. SecaaS is based on the software as a service (SaaS) model but limited to specialized information security services.
Increasing demand for cloud-based security and shift from traditional security to advanced security are the substantial driving factors of the market across the globe. Security as a Service (SECaaS) offer various benefits such as it is labor intensive activity, it easily access to advanced security tools, it often position information security as a business enabler, it quickly access to contextual expertise and many more. These benefits are also promoting the demand of Security as a Service (SECaaS) across the world.
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The regional analysis of Global Security as a Service (SECaaS) Market covers:
- Asia Pacific
- North America
- Latin America
- Rest of the World
North America is the leading/significant region across the world in terms of market share owing to increasing Internet-of-things (IoT), growing trend of Bring your own device (BYOD) and favorable government support in the region. Further, Europe is anticipated a stable growth in the global Security as a Service (SECaaS) market during the forecast period. Asia-Pacific is also anticipated to exhibit higher growth rate / CAGR over the forecast period 2018-2025 due to increasing cyber-crimes and growing cloud infrastructure in the region.
The major market player included in this report are:
- Trend Micro
- Panda Security
- Alert Logic
- Nominum Inc.
- Oracle Corporation
The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
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The detailed segments and sub-segment of the market are explained below:
- Email Encryption
- Identify and Access Management (IAM)
- End-Point Protection
- Intrusion Detection and Prevention System (IDS/IPS)
- IT & Telecom
- Government & Defense
- Oil & Gas
Target Audience of the Global Security as a Service (SECaaS) Market in Market Study:
- Key Consulting Companies & Advisors
- Large, medium-sized, and small enterprises
- Venture capitalists
- Value-Added Resellers (VARs)
- Third-party knowledge providers
- Investment bankers
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