Security as a Service Market Worth $23.8 Billion by 2026>
SB Wire
Northbrook, IL — (SBWIRE) — 10/26/2021 — According to a new market research report “Security as a Service Market by Component (Solution and Service), Application (Network Security, Endpoint Security, Application Security, and Cloud), Organization Size (SMEs, Large Enterprises), Vertical, and Region – Global Forecast to 2026” published by MarketsandMarketsâ¢, the Security as a Service Market size expected to grow from USD 12.4 billion in 2021 to USD 23.8 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 13.8% during the forecast period. The key growth driver of the security as a service market are mandates to follow regulatory and data protection laws, increase in demand for cloud-based security solutions among SMEs, and high cost and risks in managing on-premises security solutions. The application security segment is expected to grow at a higher CAGR during the forecast period The BFSI vertical is expected to maintain the leading position in terms of revenue generation during the forecast period The Identity and Access Management (IAM) segment to account for the highest market share in 2021 North America is expected to account for the largest market size during the forecast period
Link: http://www.sbwire.com/press-releases/security-as-a-service-market-worth-238-billion-by-2026-1348050.htm