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Security-as-a-Service Market, by Enterprise Size (Small Enterprise, Medium Enterprise, Large Enterprise), by Industry (BFSI, IT and Telecom, Healthcare, Retail and Consumer goods, Others), and by Geography (North America, Europe, Asia Pacific, and Latin America, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027<br>
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SECURITY-AS-A-SERVICE MARKET ANALYSIS Security-as-a-Service Market, by Enterprise Size (Small Enterprise, Medium Enterprise, Large Enterprise), by Industry (BFSI, IT and Telecom, Healthcare, Retail and Consumer goods, Others), and by Geography (North America, Europe, Asia Pacific, and Latin America, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027
Market Overview The global security-as-a-service market was valued at US$ 5,635.4 Mn by the end of 2019 and is expected to grow at a CAGR of 17.1% over the forecasted period 2019-27. Market Drivers • Growing adoption of cloud computing is expected to drive growth of the global security-as-a-service market over the forecast period • Increasing utilization of subscription-based model in various organizations is expected to propel the global security-as-a-service market growth during the forecast period
Market Dynamics Restraints • Growing threat of organized attacks is expected to restrain growth of the global security-as-a-service market over the forecast period • Challenges associated with unstructured data is expected to hamper growth of the global security-as-a-service market during the forecast period
Market Opportunities • Increased Internet of Things (IOT)-related services is expected to present major growth opportunity • Cost advantages offered by SaaS is expected to pose excellent business opportunities in the near future
Market Trends High demand for security as a service solutions among large enterprises is a major trend Threats related to data loss in healthcare industry
Competitive Section Key players involved in the global security-as-a-service market are Proofpoint Inc., Okta, Inc., Gemalto NV, Qualys, Inc., Intel Security, Zscaler, Inc., Cisco Systems Inc., Alert Logic, Inc., Oracle Corporation, and Trend Micro Inc.
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