Security as a Service Market size Scenario:
On the contrary, the on-going COVID-19 impact, the dynamic & increasing nature of cybercrime, reluctance to share sensitive data, accessibility of security services that are free of cost, and hesitation by organizations to cloud-based security may limit the global Security as a Service Market size growth over the forecast period
The security as a service (SECaaS) market is projected to reach USD 14.25 billion at a healthy 21.59% CAGR between 2020- 2027 states the new MRFR’s Security as a Service Market size forecast. Security as a service or SaaS, or SECaaS is an outsourcing model for security management. Defense, government, healthcare, retail, IT and telecom, oil and gas, BFSI, and others are some of its end users.
Various factors are fuelling the demand for the global Security as a Service Market size. Such factors, as revealed by the new MRFR analysis, include the rise in cybercrime activities, rising trend of mobile devices, growth of sensitive organizational data, increase in the use of cloud technology, need for more cost-effective and protected security solutions, strict government regulations, rise in e-businesses, growing awareness about data security, growing trend of BYOD and IoT, and increasing adoption of managed security practices.
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Competitive Outlook
Leading contenders profiled in the global Security as a Service Market size report include SecureWorks (US), Verizon (US), International Business Machines Corporation (US), Radware Ltd (Israel), Alert Logic Inc. (US), Zscaler Inc. (US), CipherCloud (US), Panda Security (Spain), Fortinet Inc. (US), Cisco Systems Inc. (US), Trend Micro Incorporated (Japan), Intel Corporation (US), and Symantec Corporation (US).
Segmentation:
- The security-as-a-service market has been bifurcated on the basis of vertical, organization size, application area, and component.
- The security-as-a-service market by component has been segmented into service and solution. The solution segment is again segmented into data loss prevention, email encryption, intrusion detection, and prevention systems, identity access management, security information and event management, endpoint protection, and others. The service segment is again segmented into managed services and professional services. Of these, the services will lead the market over the forecast period.
- Based on the application area, the global Security as a Service Market size is segmented into web security, database cloud security, email security, network security, and others. Of these, the network security will dominate the market over the forecast period.
- Based on organization size, the global Security as a Service Market size is segmented into large enterprise and SME. Of these, the SME will have a major share in the market over the forecast period.
- Based on vertical, the global Security as a Service Market size is segmented into defense, government, healthcare, retail, IT and telecom, oil and gas, BFSI, and others. Of these, the BFSI and healthcare will have stay at the forefront in the market over the forecast period.
Regional Analysis:
By region, the global SECaaS market covers the growth opportunities and recent trends across Europe, North America, the Asia Pacific (APAC), & the Rest of the World (RoW). Among these, North America will lead the market over the forecast period. Increasing use of cloud-based services, technological advances, presence of leading providers, the growing trend of IoT and BYOD, and increasing external and internal threats are adding to the global Security as a Service Market size growth in the region. The US, Mexico, and Canada have the utmost share in the market.
In the APAC region, the Security as a Service Market size is predicted to grow at a fast pace over the forecast period. Need for data protection, increasing cyber-attacks, complete adoption of cloud-based security by large enterprises, vast customer base, the constant expansion of economies in the IT, government, education, and manufacturing sectors, and increase in adoption of cloud computing and cloud technology providers in Japan, India, and China are adding to the global Security as a Service Market size growth in the region.
In Europe, the global Security as a Service Market size is predicted to have sound growth over the forecast period. An increase in cyber-attacks, rise in hosted servers, presence of large enterprises, rise in data theft, and increasing adoption of cloud-technology by healthcare industry verticals and BFSI in Germany are adding to the global Security as a Service Market size growth in the region.
In the RoW, the global Security as a Service Market size is predicted to have steady growth over the forecast period.
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Table of Contents:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
Continued….
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Market Analysis The Security as a Service Market size is projected to reach USD 14.25 billion at a healthy 21.59% CAGR between 2017- 2023, states the new MRFR’s security as a service market forecast.
Defense, government, healthcare, retail, IT and telecom, oil and gas, BFSI, and others are some of its end users.
Various factors are fuelling the demand for the global security as a service market.
Such factors, as revealed by the new MRFR analysis, include the rise in cybercrime activities, rising trend of mobile devices, growth of sensitive organizational data, increase in the use of cloud technology, need for more cost-effective and protected security solutions, strict government regulations, rise in e-businesses, growing awareness about data security, growing trend of BYOD and IoT, and increasing adoption of managed security practices.
On the contrary, the on-going COVID-19 impact, the dynamic & increasing nature of cybercrime, reluctance to share sensitive data, accessibility of security services that are free of cost, and hesitation by organizations to cloud-based security may limit the global security as a service market growth over the forecast period.
Complete Report Details @ https://www.marketresearchfuture.com/reports/security-as-a-service-market-6709 Regional AnalysisBy region, the global SECaaS market covers the growth opportunities and recent trends across Europe, North America, the Asia Pacific (APAC), & the Rest of the World (RoW).
Market AnalysisThe global Cyber Security market is predicted to touch USD 199.98 billion at a 10.5% CAGR between 2018- 2025 states the recent Market Research Future (MRFR) analysis.
As per the current MRFR report, such factors include the growing demand for enterprise mobility, increasing penetration of smartphones, rise in IoT devices that demand network security solutions, requirement amid organizations to reduce security risks, surging cases of cyber-attacks, and demand for Cyber Security during the ongoing COVID-19 outbreak for securing the virtual private network servers that are crucial for organizations having employees working from home.On the contrary, limited security expenses among SMEs, lack of knowledge regarding IAM solutions, and lack of in-house expertise & IT resources are factors that may limit the global Cyber Security industry growth over the forecast period.
Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/875 Key PlayersKey players profiled in the global Cyber Security market report include Akamai Technologies (US), Carbon Black, Inc. (US), BAE Systems (UK), Imperva (US), SecureWorks, Inc. (Dell Technologies) (US), Sophos Ltd. (UK), Trend Micro, Inc. (Japan), FireEye, Inc. (US), EMC RSA (US), Rapid7, Inc. (US), Cisco Systems, Inc. (US), IBM Corporation (US), HP Enterprise (US), Symantec Corporation (US), and Intel Corporation (US).Market SegmentationThe MRFR report provides an inclusive segmental analysis of the global Cyber Security market report based on vertical, security type, deployment model, organization size, and component.By component, the global Cyber Security market is segmented into services and solutions.
The solutions segment is again segmented into security information & event management, data loss prevention, web filtering, antivirus, firewall, disaster recovery, unified threat management, risk and compliance management, identity and access management, and others.
The services segment is again segmented into professional services and managed services.
Of these, the government segment will have a major share in the market over the forecast period.
Market HighlightsThe security as a service (SECaaS) market is projected to reach USD 14.25 billion at a healthy 21.59% CAGR between 2017- 2023, states the new MRFR’s Security As A Service Market forecast.
Defense, government, healthcare, retail, IT and telecom, oil and gas, BFSI, and others are some of its end users.
Security as a service offers faster provisioning and best security for businesses and their clients; it enables continuous monitoring and prevention from loss of business data, along with vulnerability scanning.
With the emergence of outsourcing security services and solutions, enterprises can focus on their core business which is one of the factors for the increasing adoption of security as a service by large enterprises.Symantec Corporation, a provider for cyber-security solutions, unveiled a cloud-based network security solution enhanced with web isolation.
Key playersThe prominent players in the security as a service market are Symantec Corporation (US), Intel Corporation (US), Trend Micro Incorporated (Japan), Cisco Systems Inc. (US), Fortinet Inc. (US), Panda Security (Spain), CipherCloud (US), Zscaler Inc. (US), Alert Logic Inc. (US), and Radware Ltd (Israel).International Business Machines Corporation (US), Verizon (US), and SecureWorks (US) are among the other players in this market.
Regional AnalysisThe regional analysis of security as a service market is considered for North America, Europe, Asia-Pacific, and the rest of the world.Technological advancements and increasing adoption of cloud-based services in North American countries such as the US, Canada, and Mexico is expected to dominate the security as a service market over the forecast period.
Market HighlightsThe global cybersecurity market is predicted to touch USD 199.98 billion at a 10.5% CAGR between 2018- 2025 states the recent Market Research Future (MRFR) analysis.
On the contrary, limited security expenses among SMEs, lack of knowledge regarding IAM solutions, and lack of in-house expertise & IT resources are factors that may limit the global cybersecurity industry growth over the forecast period.
The solutions segment is again segmented into security information & event management, data loss prevention, web filtering, antivirus, firewall, disaster recovery, unified threat management, risk and compliance management, identity and access management, and others.
The services segment is again segmented into professional services and managed services.
Of these, the government segment will have a major share in the market over the forecast period.
Regional AnalysisBased on the region, the global cybersecurity market report covers the growth opportunities and recent trends across the Asia Pacific (APAC), North America, Europe, & the Rest of the World (RoW).
Insulin Delivery Devices Market was valued US$ 13.45 Bn in 2019 and expected to reach US$ 18.76 Bn by 2024, at a Compound Annual Growth Rate (CAGR) of 6.2% during the forecast period 2016-2024.
On the basis of product type, the market is divided into Pumps (Tubed Pumps, Tubeless Pumps), Pens (Reusable, Disposable), Pen Needles (Standard, Safety), Syringes.
Based on distribution channel, a market is classified into Hospital Pharmacy, Retail Pharmacy, Online Sales, Diabetes Clinics/ Centers.
Owing to inappropriate eating habits and lack of physical work; diabetes incidences are rising at alarming rates in developing countries too.
More and more minimally invasive devices are gaining demand around the globe, especially in developed nations.
Minimally invasive nature of pumps will increasingly attract more consumers over the coming years, especially in an industrialized nation; however, their cost will prove to be a major restraining factor for the business growth.
Insulin Delivery Devices Market was valued US$ 13.45 Bn in 2019 and expected to reach US$ 18.76 Bn by 2024, at a Compound Annual Growth Rate (CAGR) of 6.2% during the forecast period 2016-2024.
Based on distribution channel, a market is classified into Hospital Pharmacy, Retail Pharmacy, Online Sales, Diabetes Clinics/ Centers.
Owing to inappropriate eating habits and lack of physical work; diabetes incidences are rising at alarming rates in developing countries too.
More and more minimally invasive devices are gaining demand around the globe, especially in developed nations.
Minimally invasive nature of pumps will increasingly attract more consumers over the coming years, especially in an industrialized nation; however, their cost will prove to be a major restraining factor for the business growth.Increasing demand for insulin-delivering devices and minimally invasive alternatives such as pumps, advancements in insulin devices in terms of design and functioning, an increasing prevalence of diabetes and ease offered by some insulin delivery devices to patients are some of the major market growth driving factors observed worldwide.North America Insulin Delivery Devices Market accounted for the highest revenue in 2017 and is projected to grow at a significant rate during the forecast period.
Increasing diabetes prevalence coupled with rising disposable income level will drive market growth over the forecast period.
