Security as a Service Market to Witness Huge Growth by Key Players: McAfee , Trend Micro Zscaler , IBM, Microsoft , Clears wift, Alert Logic, Cygilant , Barracuda Networks , Panda Security, Stratejm , Radware , Mindsight and Others.

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Scope of the Report:

• The Security as a Service Market size is estimated to grow from US$ 7.6 Billion in 2018 to US$ 16.5 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 16.9% during the forecast period.

• Security as a Service Market spread across 158 Pages, Profiling 15 Companies and Supported with 78 Tables and 36 Figures is now available in this Research report.

• Top Key Players in the Security as a Service Market include are McAfee (US), Trend Micro (Japan), Zscaler (US), International Business Machines Corporation (US), Microsoft (US), Clears wift (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.

“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 cyber security and low budget make the SMEs more susceptible to data breaches and identity thefts.

“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.

Report Highlights:
• To profile the key players in the security as a service industry and comprehensively analyze their market size and core competencies

• To forecast the market size of the market’s segments with respect to 5 main regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America

• To define, describe, and forecast the security as a service market by component (solutions and services), application area, organization size, vertical, and region

• To provide detailed information about major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the security as a service market

• To analyze the market opportunities for stakeholders by identifying the high-growth segments of the security as a service market

• To track and analyze competitive developments, such as new product launches; mergers and acquisitions; and partnerships, agreements, and collaborations, in the global security as a service industry

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Reason to buy this 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 sub segments. It would help stakeholders understand the competitive landscape and gain more insights to better their positions and plan suitable go-to-market strategies.

Competitive Landscape of Security as a Service Market:
1 Start-Up Micro Quadrant
1.1 Progressive Companies
1.2 Responsive Companies
1.3 Dynamic Companies
1.4 Starting Blocks
2 Competitive Scenario
2.1 Partnerships, Agreements, and Collaborations
2.2 New Product Launches/Product Enhancements
2.3 Mergers and Acquisitions
2.4 Business Expansions

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