Security-as-a-Service (SECaaS) Market Trends and Research Insights by 2026-BarracudaNetworksInc, DellTechnologies, IBMCorporation, ProofpointInc

Security-as-a-Service (SECaaS) Market by Component, Application, Services, and Region- Forecast to 2026

The Global Security-as-a-Service (SECaaS) Market Research Report 2021-2026 published by MarketInsightsReports is a significant source of keen information for business specialists. It furnishes the Security-as-a-Service (SECaaS) business outline with development investigation and historical and futuristic cost analysis, income, demand, and supply information (upcoming identifiers). The research analysts give a detailed depiction of the Security-as-a-Service (SECaaS) worth chain and its wholesaler examination. Security-as-a-Service (SECaaS) Market study gives extensive information which upgrades the agreement, degree, and use of this report.

The security-as-a-service market was valued at USD 9162.9 million in 2020 and expected to reach USD 22669.17 million by 2026 and grow at a CAGR of 16.3% over the forecast period (2021 - 2026).

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Top Leading Companies of Security-as-a-Service (SECaaS) Market are BarracudaNetworksInc, DellTechnologies, IBMCorporation, ProofpointInc, SophosPLC, TrendMicroIncorporated, WebsenseInc, ZSCalerInc, McAfee(Intel), CiscoSystemsInc, SymantecCorporation, QualysInc and others.

Industry News And Updates on Security-as-a-Service (SECaaS) Market-

North America to Account for a Major share

- Regionally, North America dominated the market in 2018, due to the presence of a large number of SECaaS vendors. The United States accounts for the largest share in the North American market, owing to the presence of key players in the region.

- The increasing adoption of undefended modern technologies like the Internet of Things (IoT) and escalation in cybercrime activity in North America has given rise to more damaging breaches. According to the US State of Cybercrime Survey in 2017, the frequency of cyber security events has increased over the last 12 months.

- As a result, organizations are upgrading their IT and data security to avoid cyber attacks in the coming years. Based on the State of the CIO (2014  2017) report, security service upgradation has become the second highest priority behind assisting in achieving set revenue goals.

Key Market Trends On Security-as-a-Service (SECaaS) Market-

- In fact, in most security incidents, the breaches start with a phishing email, in which the hacker uses to trick someone into giving them access to some kind of account, login or financial information, and then they proceed to a technical hack.

- Furthermore, in April 2019, EmCare stated that email breach exposed some patient, contractor and employee data as the unauthorized third party gained access to social security numbers and clinical information of some patients through employee email accounts.

- According to the Federal Trade Commission, scammers are duping users with phishing emails that include enticing, which are fake. Even internet giants like Google and Facebook got duped out of $100 million through an email phishing scheme in 2018-19 when a hacker impersonated a computer-parts vendor.

Competitive Landscape On Security-as-a-Service (SECaaS) Market-

April 2019 - Dell Technologies powered real transformation and innovation with new storage, data management, and data protection solutions. Dell EMC introduces its first data management solutions with the all-new PowerProtect Software platform and PowerProtect X400 multi-dimensional appliance with most important and disruptive technology trends, including AI and cloud, that are transforming IT and business globally to provide its customers new storage, data management, and data protection solutions.

- April 2019 - Symantec joined the U.S. Department of Defenses Defense Industrial Base Cyber Security Program. The DIB CS program is a voluntary cyber threat information-sharing initiative established by the DOD to enhance and supplement DIB participants capabilities to mitigate cyber attacks. The program features a collaborative information-sharing environment where members voluntarily report cyber threats as well as information on how to prevent/mitigate those threats.

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