Security-as-a-Service (SECaaS) Market 2022 Strategic Assessment- IBM Corporation, Proofpoint Inc, Dell Technologies, Websense Inc., McAfee (Intel), Cisco Systems Inc

The report considers the present scenario of the Security-as-a-Service (SECaaS) Market and its dynamics for the forecast period 2022-2026. Security-as-a-Service (SECaaS) Market covers a detailed overview of several growth enablers, restraints, and trends in the market. The research report highlights the market’s current and potential key opportunities along with crucial insights.              

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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The Security-as-a-Service (SECaaS) market is highly competitive and consists of a number of major players. Companies like Barracuda Networks Inc., Dell Technologies, IBM Corporation, Proofpoint Inc., Sophos PLC, Trend Micro Incorporated, Websense Inc., ZSCaler Inc., McAfee (Intel), Cisco Systems Inc., Symantec Corporation, Qualys Inc. Amongst Others.

Key Developments:

- 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.

Key Market Trends:

Secure Email Gateway is Expected to Hold a Significant Share
- With the advent of electronic marketing strategies in the modern world, about 269 billion emails are sent every day and there are over 3.7 billion email users, worldwide. This gives immense scope for hackers to send out spam emails, in order to gain sensitive information from the user. Emails are even a major target for the social engineering attacks.
- 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.

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What are the market factors that are explained in the report?

–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a regional scale.

–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

–Analytical Tools:  Security-as-a-Service (SECaaS) Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Finally, Security-as-a-Service (SECaaS) Market report is the believable source for gaining the Market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and Market development rate and figure and so on. This report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.

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