openPR Logo
Press release

Security As A Service Market Statistics, Emerging Trends, Size, Growth Factors, Forecast - 2031 With a CAGR of 18.4%

11-09-2022 07:55 AM CET | IT, New Media & Software

Press release from: Persistence Market Research

Security As A Service Market Statistics, Emerging Trends, Size,

Across regions and verticals, due to increased security threats, adoption of security solutions is rising, leading to expansion of the security-as-a-service (SaaS) market. Due to a sudden increase in cyber-crimes and data hacking activities, enterprises have started focusing on better security solutions for securing information deployed on the cloud as well as on-premise, and to strengthen the security structure of their company. Moreover, large organizations are taking initiatives to implement Saas solutions for their business applications deployed on the cloud, and helping other small enterprises understand the usage of security as a service capabilities and internet security threats.

As per Persistence Market Research revised analysis, the global SaaS market is poised to surge at a CAGR of over 18% through 2031.

Request the sample copy of report @ https://www.persistencemarketresearch.com/samples/12583

Key Takeaways from Market Study

• North America was the dominant market in 2020 in terms of value for SaaS. Over the coming years, Europe is expected to be one of the key markets for sustainable revenue generation from security as a service, as increasing adoption of cloud-based solutions and services is boosting market growth in the region.
• The BFSI (Banking, Financial Services, and Insurance) segment is expected to offer the highest incremental opportunity during the forecast period, as many private banks are using SaaS models for email encryption, data loss prevention, and network protection.
• To reduce implementation costs, large enterprises are using cloud-based solutions and adopting SaaS solutions.
• The education and manufacturing industry is expected to increasingly adopt security as a service solutions to securely access confidential data on a real-time basis.
• The SaaS market in the U.S. is expected to expand at a CAGR of around 16% over the next ten years, while that in the U.K. at 17.5%.
• The markets in China and India are slated to surge at around 20% CAGRs respectively, over the next ten years.

"Enterprises are implementing IOT-based solutions progressively. IOT solution providers are integrating SaaS in order to reduce cyber-attacks on connected devices, identify the threat, and fix susceptibilities before launching them in the market, says a Persistence Market Research analyst.

For In-Depth Competitive Analysis, Buy Now @ https://www.persistencemarketresearch.com/checkout/12583

COVID-19 Pandemic Impact Analysis

Increase in remote working has led to the need for greater focus on cyber-security, because of higher exposure to cyber risks. This is evident from the fact that around 47% of individuals fall for phishing while working at home. Cyber-attackers are seeing COVID-19 as an opportunity to step up their criminal activities and exploit vulnerable employees working from home. Hence, to reduce the impact of cyber-attacks, companies are focusing and enhancing their development and application of security measures.

Many companies are increasing their spending budgets on security solutions as a fight against increasing number of cyber-attacks and threats amidst this pandemic outbreak. Also, cybersecurity technology and service providers are shifting priorities to support current needs: business continuity, remote work, and planning for transition to the next normal.

Key Players :

• Intel Corporation
• Oracle Corporation
• Cisco Systems Inc.
• Trend Micro Incorporated
• Proofpoint Inc.
• Thales Group
• Qualys Inc.
• Alert Logic
• Zscaler Inc.
• Okta Inc.

Find More Valuable Insights

Persistence Market Research puts forward an unbiased analysis of the global security as a service market, providing historical demand data (2016-2020) and forecast statistics for the period 2021-2031. To understand the opportunities in SaaS, the market is segmented on the basis of component (solutions and services), application (network security, endpoint security, application security, cloud security, and others), and vertical (banking financial service and insurance, healthcare, retail, it & telecom, energy & utilities, government, and others), across seven major regions of the world.

Request For Report Customization @ https://www.persistencemarketresearch.com/request-customization/12583

About us:
Persistence Market Research, as a 3rd-party research organization, does operate through an exclusive amalgamation of market research and data analytics for helping businesses ride high, irrespective of the turbulence faced on the account of financial/natural crunches.

Contact us:
Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Security As A Service Market Statistics, Emerging Trends, Size, Growth Factors, Forecast - 2031 With a CAGR of 18.4% here

News-ID: 2798815 • Views:

More Releases from Persistence Market Research

Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Persistence Market Research
Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Pers …
➤ Overview of the Market The global plastic liner market has gained steady traction across multiple industries due to its cost-effectiveness, versatility, and protective characteristics. Plastic liners are widely used in agriculture, mining, construction, waste management, and packaging industries, where they serve as an essential barrier to prevent leakage, contamination, and material loss. These liners are manufactured using materials such as polyethylene (PE), polypropylene (PP), and PVC, offering superior resistance to
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by Sustainability and Supply Chain Efficiency
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by S …
➤ Overview of the Market The global returnable plastic crate market is gaining momentum as industries seek cost-effective and sustainable packaging solutions. These crates are widely used for transporting and storing perishable goods, beverages, pharmaceuticals, and industrial products due to their durability, stackability, and reusability. The shift from single-use packaging to eco-friendly alternatives has accelerated the adoption of returnable plastic crates across sectors. The market, valued at US$ 1,820.0 million in
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Growth - Persistence Market Research
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Gr …
➤Overview of the Market The US thermal power market plays a crucial role in the nation's energy mix, serving as a stable and reliable source of electricity despite the rise of renewables. Thermal power plants in the US rely primarily on coal, natural gas, and oil to generate electricity, with natural gas emerging as the dominant fuel source due to its affordability, efficiency, and lower carbon footprint compared to coal. According
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Healthcare Demand
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Health …
➤Overview of the Market The Europe medical plastic market is undergoing robust growth, fueled by increasing demand for lightweight, durable, and cost-effective materials in the healthcare sector. Medical plastics are widely used in devices, surgical instruments, diagnostic tools, implants, and packaging due to their high biocompatibility, versatility, and resistance to sterilization methods. With healthcare systems across Europe investing heavily in modernization and patient safety, the adoption of medical-grade plastics has gained

All 5 Releases


More Releases for SaaS

Saas Security Market Size Analysis by Application, Type, and Region: Forecast to …
USA, New Jersey- According to Market Research Intellect, the global Saas Security market in the Internet, Communication and Technology category is projected to witness significant growth from 2025 to 2032. Market dynamics, technological advancements, and evolving consumer demand are expected to drive expansion during this period. As companies more and more move their operations to cloud-based systems, the SaaS security market is growing strongly. Increased use of Software-as-a-Service models in
Unlock Exclusive Savings on Top SaaS Software with Best SaaS Offers
Image: https://www.abnewswire.com/uploads/0c20ad69235160722e6fd091f6590e60.png Best SaaS Offers is transforming the way startups, freelancers, and businesses access essential software by offering some of the most Affordable SaaS tools for startups [https://bestsaasoffers.com/]. As a leading destination for lifetime deals and exclusive discounts, Best SaaS Offers connects users with top-quality digital tools at budget-friendly prices, empowering them to grow without the financial burden of hefty subscriptions. Affordable SaaS Tools for Startups - The Key to Scaling Smartly In
AppOmni Unveils First AI SaaS Security Posture Management Assistant, AskOmni, Re …
AskOmni simplifies and enhances SaaS security, enabling administrators to ask their way to securing their SaaS estate AppOmni, SaaS Security Posture Management (SSPM) leader and SaaS security pioneer, today unveiled a groundbreaking advancement with the introduction of AskOmni. This first AI-powered SSPM assistant developed by the AppOmni OmniScience team propels SSPM into new dimensions, simplifying security operations and issue remediation, and helping organizations secure mission-critical SaaS environments. AskOmni simplifies administrator
Revenue-Based Financing Market SWOT Analysis by Key Players SaaS Capital, Sabine …
Advance Market Analytics added research publication document on Worldwide Revenue-Based Financing Market breaking major business segments and highlighting wider level geographies to get deep dive analysis on market data. The study is a perfect balance bridging both qualitative and quantitative information of Worldwide Revenue-Based Financing market. The study provides valuable market size data for historical (Volume** & Value) from 2018 to 2022 which is estimated and forecasted till 2028*. Some
SaaS BPM Extended Easter Sale
Are you on the lookout for new plugins and software to enhance your small business? Search no more! We have now extended the Easter promotions for our amazing tools until April 18! But first, here are a few details about how SaaS BPM can help you manage your teams and your client relationships better. SaaS BPM: The Ultimate Small Business Process Management Solution In every industry, there are operational processes that serve
Global SaaS Management Platform Market Size, By Types (SaaS Subscription Managem …
The global SaaS Management Platform size is estimated to be USD 1891 million in 2020. The global SaaS Management Platform market size is expected to grow at a CAGR of 16.4% between 2020-2028. The global SaaS Management Platform Market is fueled by various factors, according to a detailed assessment explained in the report. This study shows how important in-depth analysis should be, and how it greatly affects the quality of information