Analyzes The Security As A Service Market, Exploring Industry Demand, Emerging Trends, And How It Empowers Businesses With Robust Cloud Security

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Security as a Service Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $26 billion In 2028 At A CAGR Of 13.0% :

The security as a service market size has grown rapidly in recent years. It will grow from $14.45 billion in 2023 to $15.94 billion in 2024 at a compound annual growth rate (CAGR) of 10.3%. The growth in the historic period can be attributed to cost-effective security solutions, increased complexity of threat landscape, focus on regulatory compliance, remote workforce challenges, vendor expertise and specialization, integration with existing infrastructure..

The security as a service market size is expected to see rapid growth in the next few years. It will grow to $26 billion in 2028 at a compound annual growth rate (CAGR) of 13.0%. The growth in the forecast period can be attributed to automated incident response, focus on user identity and access management, quantum-safe security solutions, application security services, continuous security training and awareness programs.. Major trends in the forecast period include increased emphasis on threat intelligence, endpoint security and mobile device management (mdm), identity and access management (iam) integration, behavioral analytics for anomaly detection, collaboration with managed security service providers (mssps)..

Request A Sample Of This Report - https://www.thebusinessresearchcompany.com/sample.aspx?id=6561&type=smp

Security as a Service Market Major Segments
The security as a service market covered in this report is segmented -

1) By Component: Solution, Service
2) By Application: Network Security, Endpoint Security, Application Security, Cloud Security, Other Applications
3) By Organization Size: SMEs, Large Enterprises
4) By End User: BFSI, Telecom & IT, Healthcare, Retail, Manufacturing, Governmentent, Other End Users

Key Driver - Rising Adoption Of Cloud-Based Services Drives Security As A Service Market

The increase in adoption of cloud-based services has driven the security as a service market. Cloud-based services are services offered over the Internet or a 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. Thus, companies are increasingly investing in cloud-based security services to tackle cyber-attacks and protect sensitive and confidential information. According to the report of Ziff Davis, a New York-based digital media and internet company, approximately 40% of the global workforce adopted cloud-based services in 2020 and is expected to reach 80% by 2025, exceeding 100 Zettabytes of data in cloud data centers. Furthermore, according to the Findstack report, 92% of an organization's IT environment is likely to be in the cloud by 2022. Hence, the rising adoption of cloud-based services is expected to boost security as a service market during the forecast period.

Customise This Report As Per Your Requirements - https://www.thebusinessresearchcompany.com/Customise?id=6561&type=smp

Prominent Trend - Cloud Security Offerings To Enhance Security For Customers

Major companies operating in the security as a service market are launching cloud security offerings to enhance security for customers. These are designed to provide a comprehensive range of solutions to secure workloads on AWS, an on-demand cloud computing platform, and on-premises, addressing various aspects of cybersecurity. For instance, in November 2022, HCLTech, an India-based technology company, launched its suit of Cloud Security as a Service on AWS, expanding its Cloud Security-as-a-Service (CSaaS) solutions for enterprises. These cybersecurity services enhance security and resilience for AWS customers, leveraging industry best practices and certifications for threat detection, network protection, data security, identity and access management, compliance, and application security.

Security as a Service Market Players
Major companies operating in the security as a service market report are Trend Micro Incorporated, IBM Corporation, Microsoft Corporation, Zscaler Inc., Cisco Systems Inc.,Palo Alto Networks Inc., Broadcom Inc.,Fortinet Inc.,Symantec,Check Point Software Technologies Ltd.,Texas Pacific Group,Proofpoint Inc.,CrowdStrike Holdings Inc.,Akamai Technologies Inc.,Barracuda Networks Inc.,SonicWall Inc., Mandiant,Qualys Inc.,Rapid7 Inc,Bitdefender software,Sophos Group plc, Carbonite Inc., BlackBerry Ltd,CipherCloud India Pvt Ltd.,F5 Networks Inc.,Cybereason Inc.,Darktrace,Trustwave,Exabeam, AT&T Cybersecurity

View The Full Report Here - https://www.thebusinessresearchcompany.com/report/security-as-a-service-global-market-report

Largest And Fastest Growing Region In The Market
North America was the largest region in the security as a service market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the security as a service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Security as a Service Market Report Structure
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
…..
27. Security as a Service Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

This release was published on openPR.