Security as a Service (SaaS) Market Insights by Latest Trends, Top Key Players, Future Growth, Revenue Forecast, Demand Forecast Till 2023


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Shibuya Data Count

Jun 10, 2021, 10:21 EST


Shibuya-ku, Tokyo, Japan, Japan, Jun 10, 2021, 10:21 /Comserve / -- This detailed analysis includes market size and forecasts, covering regional analysis, trends, opportunities and COVID-19 analysis. The analysis also includes key players with business strategies and key indicators that influence market growth.

Mandate to follow regulatory and data protection laws is expected to drive the security as a service market. The security as a service market size is estimated to grow from USD 7.6 billion in 2018 to USD 16.5 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 16.9% during the forecast period. The factors expected to drive the security as a service market are the growing need to follow regulatory and data protection laws and increasing demand for cloud-based security solutions. However, organizations’ doubts about cloud-based security and availability of free security solution suites and services is still a concern for organizations. Furthermore, rise in infrastructure complexities is expected to restrain the market growth.

Request to Fill The Form To get Sample Copy of This Report: https://www.sdki.jp/sample-request-106448

"The Final Report will cover the impact analysis of COVID-19 on this industry (Global And Regional Market)."

The report includes the study of key players, such as McAfee (US), Trend Micro (Japan), Zscaler (US), International Business Machines Corporation (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), and Happiest Minds (India).

Services segment is expected to grow at a higher CAGR during the forecast period
The security as a service market by service includes consulting, training and education, and support and maintenance services. These services help clients understand their solutions and related processes. The solution segment is expected to hold a larger market size during the forecast period. The security as a service solutions are being deployed by a large number of Small and Medium-sized Enterprises (SMEs) to secure their organizations from the increasing cyber threats across their cloud-based applications and platforms.
Increasing adoption of cloud-based applications and platforms in SMEs is expected to drive the growth of the SMEs segment during the forecast period

The SMEs segment is expected to grow at a higher CAGR, owing to the rising deployment of the security as a service solution by SMEs to proactively protect their cloud-based applications. SMEs are small in terms of their size, but cater to a large number of customers globally. The robust and comprehensive security as a service solution is not implemented in SMEs, due to financial constraints in these organizations. Weak cybersecurity and low budget make the SMEs more susceptible to data breaches and identity thefts. However, the rising sophistication level of cyber-attacks and the increasing need to protect the cloud-based applications and platforms for ensuring customer data protection as well as organization data protection are expected to drive the growth of the market among SMEs. The large enterprises segment to hold a higher market share in 2018 owing to the initial adoption of cloud-based security solutions

Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period
APAC includes major economies, such as India, China, Australia, Hong Kong, and Japan, which are rapidly deploying the security as a service solution. APAC is expected to grow at the highest CAGR during the forecast period. The APAC security as a service market is gaining traction, as this region is showing the highest growth of cloud-based technologies and solutions adoption for their business functions and this in turn increases the need to secure these solutions against cyber threats and attacks. SMEs as well as large organizations in the APAC region have become more aware of security as a service services and started adopting them to combat cyber frauds and data thefts to their cloud-based applications. Furthermore, North America is expected to have the largest market size in 2018 owing to the presence of a large number of vendors and initial adoption of security as a service solutions owing to advanced cyber-attacks.

In-depth interviews were conducted with CEOs, marketing directors, innovation and technology directors, and executives from various key organizations operating in the security as a service market.

  • By Company Type: Tier 1: 35%, Tier 2: 45%, and Tier 3: 20%
  • By Designation: C-Level: 35%, Director Level: 25%, and Others: 40%
  • By Region: North America: 45%, Europe: 30%, APAC: 20%, and RoW: 5%

"The Final Report will cover the impact analysis of COVID-19 on this industry (Global And Regional Market)."

Research Coverage:
The report covers the security as a service solutions and services across segments. It aims at estimating the market size and growth potential of this market across segments, such as components, application areas, organization size, verticals, and regions. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report:
The report would help the market leaders/new entrants in this market with information about the closest approximations of the revenue numbers for the overall security as a service market and its subsegments. It would help stakeholders understand the competitive landscape and gain more insights to better their positions and plan suitable go-to-market strategies. It also helps stakeholders understand the pulse of the market and provides them with information about key market drivers, restraints, challenges, and opportunities.

TABLE OF CONTENTS

1 INTRODUCTION 18
1.1 OBJECTIVES OF THE STUDY 18
1.2 MARKET DEFINITION 18
1.3 MARKET SEGMENTATION 19
1.4 REGIONS COVERED 19
1.5 YEARS CONSIDERED FOR THE STUDY 20
1.6 CURRENCY CONSIDERED 20
1.7 STAKEHOLDERS 21
2 RESEARCH METHODOLOGY 22
2.1 RESEARCH DATA 22
2.1.1 SECONDARY DATA 23
2.1.2 PRIMARY DATA 23
2.1.2.1 Breakup of primary profiles 24
2.1.2.2 Key industry insights 24
2.2 MARKET SIZE ESTIMATION 25
2.2.1 BOTTOM-UP APPROACH 26
2.2.2 TOP-DOWN APPROACH 26
2.3 MARKET FORECAST 27
2.4 ASSUMPTIONS FOR THE STUDY 28
2.4.1 LIMITATIONS OF THE STUDY 29
3 EXECUTIVE SUMMARY 30
4 PREMIUM INSIGHTS 34
4.1 ATTRACTIVE MARKET OPPORTUNITIES IN THE SECURITY AS A SERVICE MARKET 34
4.2 SECURITY AS A SERVICE MARKET, BY SOLUTION, 2018–2023 34
4.3 SECURITY AS A SERVICE MARKET, BY SERVICE, 2018–2023 35
4.4 SECURITY AS A SERVICE MARKET, MARKET SHARE OF TOP 3 SOLUTIONS AND REGIONS, 2018 35
4.5 SECURITY AS A SERVICE MARKET, BY ORGANIZATION SIZE, 2018 36
4.6 SECURITY AS A SERVICE MARKET, TOP 3 VERTICALS 36
4.7 MARKET INVESTMENT SCENARIO 37
5 MARKET OVERVIEW AND INDUSTRY TRENDS 38
5.1 INTRODUCTION 38
5.2 REGULATORY IMPLICATIONS 38
5.3 INNOVATION SPOTLIGHT 39
5.3.1 SENTINEL TECHNOLOGIES 39
5.3.2 MINDSIGHT 39
5.4 MARKET DYNAMICS 39
5.4.1 DRIVERS 40
5.4.1.1 Mandate to follow regulatory and data protection laws 40
5.4.1.2 Increase in demand for cloud-based security solutions 41
5.4.1.3 High cost and risks in managing on-premises security solutions 42
5.4.2 RESTRAINTS 42
5.4.2.1 Organizations’ doubts about cloud-based security 42
5.4.2.2 Availability of free security services and security solution suites 43
5.4.3 OPPORTUNITIES 43

Request to Fill The Form To get Sample Copy of This Report: https://www.sdki.jp/sample-request-106448

"The Final Report will cover the impact analysis of COVID-19 on this industry (Global And Regional Market)."

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.


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