Security as a Service Market Analysis 2023: Market Growth Rate, Competitive Landscape And Top Opportunities

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Security as a Service Global Market Report 2023 identifies cloud-based services as the major driver for the Security as a Service market's growth in the forecast periodCloud-based services are services offered over the Internet or dedicated network with delivery on demand. Due to the COVID-19 pandemic and lockdowns, small and medium-scale Enterprises are increasingly focusing on streamlining their business models by adopting cloud services, which are highly prone to cyber-attackers.

The global security as a service market size will grow from $13.59 billion in 2022 to $15.37 billion in 2023 at a compound annual growth rate (CAGR) of 13.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the security as a service is expected to grow to $25.65 billion in 2027 at a CAGR of 13.7%.

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Major competitors in the Security as a Service market are Brookdale Trend Micro Incorporated, IBM Corporation, Microsoft Corporation, Zscaler Inc., Cisco Systems Inc.

A key trend in the Security as a Service market includes strategic partnership and collaboration. The companies operating in the security as a service sector are entering into collaboration and partnership for the smooth development of the technologically-advanced solutions and to deliver the most trusted and innovative solutions to public sector organizations and companies across the globe. For instance, in May 2020, McAfee Corp., an American global computer security software company announced a collaboration with Atlassian Corporation PLC.
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The Security as a Service market is segmented -

• By Component: Solution, Service
• By Application: Network Security, Endpoint Security, Application Security, Cloud Security, Other Applications
• By Organization Size: SMEs, Large Enterprises
• By End User: BFSI, Telecom & IT, Healthcare, Retail, Manufacturing, Government, Other End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Security as a Service market.

The Business Research Company's "Global Security as a Service Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Security as a Service Market Include:

1. Executive Summary
2. Security as a Service Market Characteristics
3. Security as a Service Market Trends And Strategies
4. Security as a Service Market - Macro Economic Scenario
5. Security as a Service Market Size And Growth
……
26. Africa Security as a Service Market
27. Security as a Service Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Security as a Service Market
29. Security as a Service Market Future Outlook and Potential Analysis
30. Appendix

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