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Security as a Service Market: Business Strategies, Future Growth Study, Industry Key Growth Factor Analysis and Competitive Landscape| COVID-19 Analysis

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komal boudhh
Security as a Service Market: Business Strategies, Future Growth Study, Industry Key Growth Factor Analysis and Competitive Landscape| COVID-19 Analysis

Market Highlights

The security as a service (SECaaS) market is projected to reach USD 14.25 billion at a healthy 21.59% CAGR between 2017- 2023, states the new MRFR’s Security As A Service Market forecast. Security as a service or SaaS, or SECaaS is an outsourcing model for security management. Defense, government, healthcare, retail, IT and telecom, oil and gas, BFSI, and others are some of its end users. 

Security as a service offers faster provisioning and best security for businesses and their clients; it enables continuous monitoring and prevention from loss of business data, along with vulnerability scanning. With the emergence of outsourcing security services and solutions, enterprises can focus on their core business which is one of the factors for the increasing adoption of security as a service by large enterprises.

Symantec Corporation, a provider for cyber-security solutions, unveiled a cloud-based network security solution enhanced with web isolation. The security solution offers complete endpoint protection which protects the devices of a companies employees anywhere at anytime. The web isolation feature allows web browsing without any risk of malware.  

 Key players

The prominent players in the security as a service market are Symantec Corporation (US), Intel Corporation (US), Trend Micro Incorporated (Japan), Cisco Systems Inc. (US), Fortinet Inc. (US), Panda Security (Spain), CipherCloud (US), Zscaler Inc. (US), Alert Logic Inc. (US), and Radware Ltd (Israel).

International Business Machines Corporation (US), Verizon (US), and SecureWorks (US) are among the other players in this market. 

 Regional Analysis

The regional analysis of security as a service market is considered for North America, Europe, Asia-Pacific, and the rest of the world.

Technological advancements and increasing adoption of cloud-based services in North American countries such as the US, Canada, and Mexico is expected to dominate the security as a service market over the forecast period. Leading providers of security as a service such as Cisco Systems, Symantec Corporation, Intel Corporation, and others are enhancing the technological architecture and providing network security to enterprises in the US and other North American countries. Increasing cyber-attacks and need for data protection in Asia-Pacific is expected to improve the company productivity and enable complete adoption of cloud-based security by large enterprise. China, Japan, and India have a vast customer base which is contributing to the growth of Asia-Pacific market in security as a service.

Access Report Details @

https://www.marketresearchfuture.com/reports/security-as-a-service-market-6709

About Market Research Future:

Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.

Our rapidly expanding market research company is assisted by a competent team of research analysts who provide useful analytics and data on technological and economic developments. Our deemed analysts make industrial visits and collect valuable information from influential market players. Our main goal is to keep our clients informed of new opportunities and challenges in various markets. We offer step-by-step assistance to our valued clients through strategic and consulting services to reach managerial and actionable decisions.

Contact:

Market Research Future

Office No. 528, Amanora Chambers

Magarpatta Road, Hadapsar,

Pune - 411028

Maharashtra, India

+1 646 845 9312

Email: [email protected]

 

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