Security as a Service Market Introduction

Global Security as a Service market is estimated to value over USD 17.5 billion by 2027 end and grow at a CAGR of over 15.9% during the forecast period 2020 to 2027.

Software as a Service (SaaS) is built for security management. It provides anti-virus software and is a cloud computing model. The main features of security as a service market include economical security service and highly advanced security software. They provide much-needed security to cloud computing and prevent leakage of data. Security as a service market is segmented into application security, cloud security, network security and endpoint security.

Security as a Service Market Overview
The rising growth of sensitive data and mobile devices has led to the growth of the SaaS market. Gradual increase of e-business and awareness of data security has led to more growth in the market.

However, Increase in cybercrime, unwillingness to share sensitive data has hindered the growth of the market. 

North America market is expected to witness high market share in the global market due to the high presence of the IT industry. Asia-Pacific region is expected to witness a high market growth rate during the forecast period because of the rise in the IT industry.

Big players of the market include Fortinet, Zscaler,Inc., Radware, Cisco Systems, Panda Security, Intel Security and Alert Logic,Inc.

Security as a Service Market Segmentation: 
By Component:  
●    Solutions  
●    Services 

By Solution:  
●    Identity and Access Management  
●    Continuous Monitoring  
●    Encryption  
●    Data Loss Prevention  
●    Business Continuity and Disaster Management  
●    Identity and Access Management  
●    Intrusion Management 

By Service:  
●    Support and Maintenance 
●    Consulting  
●    Training and Education  

By Organization Size: 
●    Large enterprises 
●    Small and Medium enterprises 

By Industry:
●    Government and Defense  
●    Banking  
●    Financial Services and Insurance 
●    IT and Telecom  
●    Retail  
●    Healthcare  
●    Manufacturing  
●    Energy and Utilities 

By Region: 
●    Europe  
●    North America  
●    APAC  
●    Latin America 
●    Rest of World  

Competitive Landscape:  
●    Tier 1 players- established companies in the market with a major market share  
●    Tier 2 players 
●    Emerging players which are growing rapidly 
●    New Entrants  

Future Wise Takeaways: 
●    Growth Prospects  
●    SWOT analysis 
●    Key trends 
●    Key data points affecting market growth  

Objectives of the Study: 
●    To provide with an exhaustive analysis on global security as a service market on the basis of component, application area, organization size, end-use industry and region 
●    To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints) 
●    To evaluate and forecast micro-markets and the overall market  
●    To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East
●    To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions 
●    Profiling of companies to evaluate their market shares, strategies, financials and core competencies