DUBLIN–(BUSINESS WIRE)–The “Security as a Service Market – Forecasts from 2020 to 2025” report has been added to ResearchAndMarkets.com’s offering.
The global Security as a Service market is projected to grow at a CAGR of 19.52% to reach a value of US$16.239 billion by 2025 from US$5.572 billion in 2019
There has been an increase in the number of security breaches over the past few years and has led to severe losses to the end-user industries such as BFSI, and Communication and Technology among others. This has led to an increase in the concerns among the end-users and is forcing them to adopt advanced approaches to secure their infrastructure from attacks. Security as Service providers includes the different security services companies dealing in cloud security services, data security services, ransomware protection services, and e-mail security services among others. The presence of a good number of players in this market offering tailored offerings to customers at prices lower than those for security solutions is driving the adoption of security as a service among end-users, thus boosting the growth of the market.
Increasing demand for Web protection and E-mail protection
Web protection and E-mail protection are projected to hold a significant market share over the forecast period. There has been an increase in the number of the instances of malware sites, phishing web pages, phishing and ransomware e-mails, which has resulted in an increase in the demand and adoption of the web protection and e-mail protection services as they are able to provide optimum security and protection from these above-mentioned threats. Therefore, web protection and e-mail protection are expected to hold a noteworthy market share over the forecast period.
BFSI industry is expected to expand at a fairly high pace over the forecast period
The BFSI sector holds a significant share in this market and the sector is poised to show a healthy market growth over the projected period. The rapid growth of this sector, coupled with an increasing focus of banking and financial institutions on streamlining their business functions is steering them away from conventional On-premise solutions to solutions delivered overcloud. This is driving the adoption of security-as-a-service offerings by vendors among them, thus boosting the growth of the market. Availability of a good number of vendors offering tailored solutions for diverse business needs while ensuring compliance with stringent regulations is further supporting the growth of the market.
The Asia Pacific region followed by the North American region to show considerable growth over the forecast period
Geographically, the North American region is expected to hold a noteworthy market share and grow at a significant pace over the forecast period. This is attributable to the fact that there is widespread and faster adoption of advanced technologies in countries such as the US, coupled with the increasing investments in the R&D of security as service solutions. In addition, there are increasing investments in the Asia Pacific region in countries such as India, and China among others to propel the growth of industries that generate huge volumes of sensitive data from digitized business functions.
Companies Mentioned
- Symantec Corporation
- McAfee, LLC
- Cisco Systems, Inc.
- Web Werks
- Gemalto NV
- Trend Micro Incorporated
- Coronet
- Allot.
- Stratejm Inc
- Cloudteria LLC
Key Topics Covered:
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.4. Industry Value Chain Analysis
5. Global Security as a Service Market Analysis, By Type
5.1. Introduction
5.2. Email Protection
5.3. Data Loss Prevention
5.4. Web Protection
5.5. Network Protection
5.6. Identity and Access Protection
5.7. Others
6. Global Security as a Service Market Analysis, By Enterprise Size
6.1. Introduction
6.2. Small
6.3. Medium
6.4. Large
7. Global Security as a Service Market Analysis, By End-user Industry
7.1. Introduction
7.2. BFSI
7.3. Communication and Technology
7.4. Healthcare
7.5. Government
7.6. Defense
7.7. Others
8. Global Security as a Service Market Analysis, By Geography
8.1. Introduction
8.2. North America
8.3. South America
8.4. Europe
8.5. Middle East and Africa
8.6. Asia Pacific
9. Competitive Environment and Analysis
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
10. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/p61d80
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Category: BusinessWire, PRAsia
