Security as a Service (SaaS) Market to reach US $26 billion by 2025 – Insights on Trends, COVID-19 Impact Analysis, Regulatory Landscape, Growth Opportunities and Future Outlook: Adroit Market Research>
Globe Newswire – Adroit Market Research
Dallas, Texas, Dec. 28, 2020 (GLOBE NEWSWIRE) — The âSecurity as a Service Market by Component (Solutions (Business Continuity and Disaster Recovery, Continuous Monitoring, Data Loss Prevention, Encryption, Identity and Access Management, Intrusion Management, Security Information and Event Management, Vulnerability Scanning, and Others) and Services (Training and Education, Consulting, and Support and Maintenance)), Applications (Network Security, Endpoint Security, Application Security, Cloud Security, and Others), Organization Size (Small and medium-sized enterprises, and large enterprises), Vertical (BFSI, Government and Defense, Retail, Healthcare, IT & Telecom, Energy & Utilities, Manufacturing, and Others), and by Region, Global Forecast, 2018 to 2028â study provides an elaborative view of historic, present and forecasted market estimates.
The global security as a service market size is projected to reach nearly USD 26 billion by 2025. Also, it is projected to gather a CAGR of about 19% over the forecast years 2020-2025. Security as a Service can be classified as an outsourced service wherein an outside company handles and manages a companyâs security. An example of this could be anti-virus software over the Internet. The increasing demand for cloud-based security solutions is expected to provide opportunities for the security as a service market growth The move toward the cloud deployment model offers advantages such as operating cost reduction, capital cost reduction, and up to date services. Owing to such advantages, security as a service market is witnessing a substantial growth of small and medium-sized enterprise customers due to their affordability and thereby expanding the market. The major players of the global security as a service market are McAfee, Trend Micro, Zscaler, International Business Machines Corporation, Microsoft, Clearswift, Alert Logic, Cygilant, Barracuda Networks, Panda Security, Stratejm, Radware, Mindsight, Sentinel, Happiest Minds, Okta, ProofPoint, Qualys, Symantec, Sophos, EgressTechnologies, Forcepoint, Fortinet, Kaspersky Lab, CipherCloud, DXC Technology, Cisco, AT&T, and Axcient.
Link: https://www.globenewswire.com/news-release/2020/12/28/2150667/0/en/Security-as-a-Service-SaaS-Market-to-reach-US-26-billion-by-2025-Insights-on-Trends-COVID-19-Impact-Analysis-Regulatory-Landscape-Gro