Security-as-a-service Market Outlook 2020: Innovation, Strategic Analysis of Trends, Segmentation | Key Companies Analysis - 2030
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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.
The market is disintegrated into international as well as regional players and it is highly diversified. The large international players try to acquire regional players to increase the workforce and boost their portfolio. For instance, in July 2016 Oracle Corporation acquired NetSuite Inc. The market expects intense competition owing to technological advancements, service extensions, and various services offered by vast vendors.
Based on component, the market is bifurcated into solution and services. The solution segment is further divided into endpoint protection, security information & event management, identity access management, email decryption, data loss prevention, and others. The service is segmented into training & education and consulting services. Based on application area, the market is categorized into network security, web security, email security, database and cloud security, and others. Large and small & medium are segmentation across organization size. Based on industry verticals, it is divided into banking, financial, and insurance (BFSI), aerospace & defense, healthcare, public sector; IT & telecom, retail, and others. By geography, it is studied across North America, Europe, Asia-Pacific, and LAMEA.
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Global Market Players of Security-as-a-service Market:
o Symantec Corporation
o Intel Security (MCAFEE)
o Trend Micro Incorporated
o Cisco Systems Inc.
o Fortinet Inc.
o Panda Security S.L.
o CipherCloud Inc.
o Zscaler Inc.
o Alert Logic Inc.
o Radware Ltd.
Key questions answered in Security-as-a-service Market research study:
o What is the market growth rate of Security-as-a-service Market from 2020-2030?
o What will be the global market size of the market from 2020 to 2030?
o Who are the leading global players in the Security-as-a-service Market?
o What are the current trends and predicted trends?
o What are the challenges faced in the Security-as-a-service Market?
o Which will be the niches at which players profiling with thorough plans, financials, and also recent advancements should set a presence?
o Which will be the anticipated growth rates for your own Security-as-a-service Market economy altogether and also for every segment inside?
o Which will be the Security-as-a-service Market application and types and forecast accompanied closely by producers?
o What are the conclusions of the Security-as-a-service Market report?
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