Free Press Release
Create Free Account! Members Login
Art & Entertainment Automotive Blogging & Social Media Business Computer Design Education Environment Events / Trade Shows Games & Entertainment Government Health and Fitness Home & Family Industry Legal / Law Lifestyle News & Society Politics Religion Sports Technology Web sites / Internet

Press Release / Business / Security as a Service Market Size Analysis | McAfee, Trend Micro, Zscaler, IBM

Security as a Service Market Size Analysis | McAfee, Trend Micro, Zscaler, IBM

By MarketsandMarketsICT on June 29 2022 | 249 Views

Security as a Service Market Size Analysis | McAfee, Trend Micro, Zscaler, IBM

The report "Security as a Service Market by Component (Solution and Service), Application Area (Network Security, Security as a Service, Application Security, and Cloud), Organization Size, Vertical, and Region - Global Forecast to 2025", size is expected to grow from USD 11.1 billion in 2020 to USD 26.5 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 18.9% during the forecast period. The key factors driving the security as a service industry include the mandates to follow regulatory & data protection laws, an increase in demand for cloud-based security solutions, and high costs & risks in managing on-premises security solutions.

Browse in-depth TOC on “Security as a Service Market”

1304 – Tables

44 – Figures

285 – Pages

Browse Full Report Details @ https://www.marketsandmarkets.com/Market-Reports/security-as-a-service-market-132531603.html

The Identity and Access Management (IAM) segment to account for the highest market share in 2020

Security and vulnerability management is the procedure in which vulnerabilities in IT are identified and the risks of these vulnerabilities are assessed. It is a proactive approach to secure sensitive data by eliminating the weaknesses of network security, which include contingent cyber threats, such as dormant malware attacks and other advanced invasion techniques. The process consists of checking and identifying risks, along with mitigation and patching of the unwanted software program.

Businesses rely on the solution to quickly assess and prioritize the vulnerabilities, along with scanning the network asset information, security configuration, and threat intelligence. With the increasing instances of cyber-attacks, the Internet of Things (IoT) and connected device vulnerabilities and growing pressure from cybersecurity regulations, the SIEM segment is expected to garner the highest revenue during the forecast period.

The application security segment is expected to grow at a higher CAGR during the forecast period

Application security solutions and services enable enterprises to secure their business-sensitive applications through greater visibility, control, and the use of existing security solutions, such as Identity and Access Management (IAM), web filtering, and application whitelisting. These enable the security of enterprise applications and software codes from external and internal threats, including web attacks, Distributed Denial of Service (DDoS), site scraping, and frauds.

Business-sensitive applications are one of the primary targets of attackers, as they carry information about critical assets, as well as processes that are followed by an enterprise. Cloud-based application security solutions and services are providing cost-effective and scalability functionality to customers, which is thereby inducing high growth in this market.

The BFSI vertical is expected to maintain the leading position in terms of revenue generation during the forecast period

Increased instances of spyware/keylogger, Trojans, viruses, ransomware, and other malware in the Banking, Financial Services, and Insurance (BFSI) vertical are driving the adoption of security as a service solutions. The BFSI vertical is also a major target for cybercriminals, as it holds sensitive information of employees, customers, assets, offices, branches, and operations. Furthermore, with stricter regulations and increasing instances of frauds and cyber-attacks, the need for real-time detection and protection from advanced threat and brand protection is driving the growth of the security as a service market in the BFSI vertical.

North America is expected to account for the largest market size during the forecast period

North America is expected to account for the largest market size in the overall security as a service market during the forecast period. The increase in the number of IoT & connected devices, and vulnerabilitiesassociated with them are some of the factors driving the adoption of security as a service. The presence of many security as a service vendors, as well as widespread awareness about these solutions would continue to account for the region’s highest market share during the forecast period.

Key Players:

The security as a service market comprises major solution providers, such as McAfee (US), Trend Micro (Japan), Zscaler (US), IBM (US), Microsoft (US), Clearswift (UK), Alert Logic (US) Cygilant (US), Barracuda Networks (US), Panda Security (Spain), Stratejm (Canada), Radware (China), Mindsight (US), Sentinel Technologies (US), Happiest Minds (India), Okta (US), ProofPoint (US), Qualys(US), Symantec (US), Sophos (UK), Egress Technologies (UK), Forcepoint (US), Fortinet (US), Kaspersky Lab (US), CipherCloud (US), DXC Technology(US), Cisco (US), AT&T (US), Axcient (US). The study includes an in-depth competitive analysis of the key players in the security as a service market, along with their company profiles, recent developments, and key market strategies.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441



Latest Exclusive Press Release
XDR Market key Players Analysis, Applications, Forecasts to 2027
9 Best Vitamin and Mineral Supplements That Can Help Boost Your Immune System and Overall Health
Selective Laser Sintering Equipment Market by Manufacturer and Regions 2023
Generative Design Market Size Analysis | Autodesk, Altair, ANSYS, MSC Software
7 Things To Remember When Looking For The Best Commerical Cleaning Services For Your Business
Popular Press Release
Zeng Fanzhi Parcours Exhibition 2016 in Beijing
Home Ministry’s Population Register Worse than Prisoner Identification
Feel-planet.com Has Made It Possible to Discover the Wonders of the World Online
Best Web Hosting Service in India
First Time Home Buyers Tax Credits STILL Available For Troops!


Art & Entertainment Automotive Blogging & Social Media Business
Computer Design Education Environment
Events / Trade Shows Games & Entertainment Government Health and Fitness
Home & Family Industry Legal / Law Lifestyle
News & Society Politics Religion Sports
Technology Web sites / Internet