Security as a Service Market, Top key players are Cisco Systems, Inc., Juniper Networks, Inc., IBM Corporation, NEC Corporation, VMware Inc., Aryaka Networks, Inc

Security as a Service Market by Component (Solutions and Services), Application Area (Network Security, Endpoint Security, Application Security, Cloud Security), Organization Size, Vertical, and Region - Global Forecast to 2024

The SaaS includes services such as delivery of an anti-virus software over the Internet and malware protection. The SaaS offers number of benefits including constant virus definition updates, greater security, outsourcing of administrative tasks, and web interface for monitoring the environment.

The availability of advance security tools, access to the contextual expertise, and cost-effective security are some of the salient features of the SaaS. However, the unavailability of reliable security tool and availability of access to the sensitive data to the vendors the SaaS becomes a noteworthy security concern. The SaaS is accessible from the Internet, which poses a threat to the system.

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Some of the key players operating in this market include Cisco Systems, Inc., Juniper Networks, Inc., IBM Corporation, NEC Corporation, VMware Inc., Aryaka Networks, Inc., AT&T, Inc., Alcatel Lucent S.A, Brocade Communication Systems, Inc, and Ciena Corporation is also provided in this report

The increase in cybercrime activities, growth of the sensitive organizational data, and the growth in trend of mobile devices drives the SaaS market. Use of cloud technology has increased prominently over the years, which has created the need to have more protected and cost-effective security solutions. The strict government regulations have pushed the market to create a better integrated service complying with government regulations.

The reluctance to share the sensitive data, availability of free of cost security service, and the hesitation to the cloud-based security by the organizations limit the adoption of SaaS. Increase in e-businesses, rise in awareness about data security, growth in bring your own device (BYOD) trend, and adoption towards managed security practices create sufficient opportunities in the market. The increasing and dynamic nature of cybercrime poses a challenge to the growth of the SaaS market.

Key Benefit

This report is an extensive analysis of current and potential market trends in the dynamic global market of SaaS.

The report contains in depth quantitative analysis of current and future market estimations through 20162023, which helps recognize the appealing market opportunities.

Extensive analysis of the market helps understand the current practices for the better investment decisions.

Key market players are profiled and their strategies are analyzed thoroughly, which elucidates the competitive outlook of global talent management tools.

Extensive analysis of the market is conducted by monitoring the top competitors within the market framework.

Comprehensive analysis of factors that drive and restrict the growth of the global market is provided.

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