New York, US, April 05, 2023 (GLOBE NEWSWIRE) -- According to a comprehensive research report by Market Research Future (MRFR), Security as a Service Market by Component, Application Area, Organization Size, Vertical - Global Forecast till 2030. The global security-as-a-service market will touch USD 46.24 billion at a 17.35% CAGR by 2030, as per the current Market Research Future report.
Top Key Playersin Security-as-a-Service Market
Eminent industry players profiled in the security-as-a-service market report include:
Get a Free Sample PDF Brochure:https://www.marketresearchfuture.com/sample_request/6709
Report Scope:
Drivers
Increasing Adoption of Cloud Computing to Boost Market Growth
Recent, there has been a noticeable rise in the use of cloud computing for numerous applications, including email services, ERP, data backups, CRM, and collaborative services. This has led to a boom in SaaS adoption across a number of businesses. Services delivered via the cloud are less expensive because no IT infrastructure needs to be set up. Moreover, cloud deployment raises software's susceptibilities to being easily accessed by unauthorized people. As a result, many businesses are implementing security-as-a-service solution to protect their workloads and sensitive data without any risk in the cloud. The global market for security as a service is therefore anticipated to grow over the course of the forecast period as cloud computing adoption continues to rise.
Browse In-depth Market Research Report (100 Pages) on Security-as-a-Service Market:https://www.marketresearchfuture.com/reports/security-as-a-service-market-6709
Opportunities
Increased IoT-Related Services to offer Robust OpportunitiesIncreasing services related to the Internet of Things (IOT) are anticipated to create a significant growth opportunity. In order to improve operations, several firms have begun deploying IoT-based solutions. IoT solution vendors now offer security-as-a-service to cut down on cyberattacks, spot threats, and patch holes before products hit the market. Also, as security services are increasingly used in IoT, demand for security-as-a-service solution is likely to rise sharply and present considerable growth potential in the near future.
Restraints and Challenges
Lack of Awareness to act as Market RestraintThe lack of awareness, high implementation cost, lack of customization, and security breaches may act as market restraints over the forecast period.
Market Segmentation
The global security-as-a-service market is bifurcated based on component, application area, organization size, and vertical.
By component, solution will lead the market in the forecast period.
By application area, the security-as-a-service market is segmented into web security, database cloud security, email-security, network security, and others.
By organization size, SMEs will domineer the market over the forecast period.
By vertical, BFSI will spearhead the market over the forecast period.
Covid-19 Analysis
The COVID-19 had a favorable effect on the market for security as a service. The COVID-19 epidemic has consequences for security service providers in the immediate and long term. Owing to the enforcement of lockdown due to the pandemic, numerous enterprises, manufacturing facilities, and retail businesses suffered. The pandemic has, nevertheless, caused a move towards remote working arrangements. Adopting a work-from-home policy has raised awareness among enterprises about data security and cyber-attacks and increased need for cloud-based security solutions. Also, many major and small businesses have raised the amount of money they spend on cyber security-related products. Hence, it is determined that the COVID-19 pandemic has changed how a company's management approaches cybersecurity and has favorably affected the market for security as a service.
Ask To Expert:https://www.marketresearchfuture.com/ask_for_schedule_call/6709
Regional Analysis
North America to Have Lions Share in Security-as-a-Service Market
Among these regions, North America is predicted to dominate the global security sector as a service. The rise of cloud computing and technical advancements is major drivers of market growth in the area. This sector is estimated to have the highest Security-as-a-Service Market Profit throughout the forecasted timeframe. The United States & Canada make up the majority of the major market players in the North American area. The greatest market share within the global industry is anticipated to belong to North America.
In the region, there is a sharp rise in need for security-as-a-service to safeguard enterprises' sensitive data from cyber-attacks. Furthermore, fierce competition and U.S. government restrictions on cyber security have pushed the market to develop better services while adhering to rules, which is projected to increase need for security-as-a-service in this region. Major market giants including IBM Corporation, Forcepoint, Microsoft Corporation, and Cisco Systems, among others, are present, which aids in the region's ability to generate income. During the projection period, Asia Pacific will see considerable growth.
The market in this area is anticipated to rise quickly as a result of the increasing acceptance of security as a service in countries like China, Singapore, India, South Korea, and others. The Asia Pacific region's small, medium, and large businesses are all becoming more conscious of the growth in cybercrimes, which is leading to a rise in the use of security-as-a-service to lessen cyberthreats. Also, the availability of a sufficient number of market sellers is boosting the need for security-as-a-service in the area.
Ask To Customization:https://www.marketresearchfuture.com/ask_for_customize/6709
APAC to Have Admirable Growth in Security-as-a-Service Market
Asia Pacific is predicted to have the highest CAGR of 12.78% over the projected period of 20212026 as a result of the rising need for digital business strategies and the widespread and rapid use of cloud-based apps. India has experienced numerous cyber-threats and attacks over the last several years in a variety of industrial verticals, which has fueled market expansion. The rapid adoption of cloud computing particularly by big organizations has greatly boosted the Asian economy. The biggest markets in the region are India, China, & Japan because of their extensive clienteles.
Industry Updates
January 2023- In order to maintain a thorough cybersecurity strategy, businesses that require external resources or additional expertise can now use Security as a Service (SECaaS), which was recently introduced by OTAVA, a global pioneer in customized and compliant multi-cloud solutions. The Security-as-a-Service solution from OTAVA is specifically designed to cut through automatic warning noise and defend against all attack vectors.
About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
Follow Us:LinkedIn|Twitter
See the rest here:
Security As A Service Market is Anticipated To Grow USD 46.24 ... - GlobeNewswire
- The Impact of GCC Data Centers on Cloud Computing and ... - Fagen wasanni - August 1st, 2023 [August 1st, 2023]
- Quantum Cloud Computing Market 2031 | Key Brands -IBM, D-Wave ... - University City Review - August 1st, 2023 [August 1st, 2023]
- Amazon to invest $7.2 bln in Israel, launches AWS cloud region - Reuters - August 1st, 2023 [August 1st, 2023]
- AI, cloud computing help Microsoft top quarterly expectations - Axios - August 1st, 2023 [August 1st, 2023]
- The Future Of Cloud Computing: AI-Powered And Driven By Innovation - Forbes - August 1st, 2023 [August 1st, 2023]
- Government Cloud Computing Market Size, Status and Business ... - University City Review - August 1st, 2023 [August 1st, 2023]
- Cloud Computing in Education Market Forecast, 2023-2029: The ... - University City Review - August 1st, 2023 [August 1st, 2023]
- What is the Relationship Between IoT and Cloud Computing? - Analytics Insight - August 1st, 2023 [August 1st, 2023]
- Global Cloud Computing IaaS In Life Science Market Size and ... - University City Review - August 1st, 2023 [August 1st, 2023]
- Ally builds single sign-on for customers, pushes further into the cloud - Yahoo Finance - August 1st, 2023 [August 1st, 2023]
- Overcoming Data Privacy Challenges in the European Cloud ... - Fagen wasanni - August 1st, 2023 [August 1st, 2023]
- Why Oracle Incentive Compensation and Oracle Cloud Infrastructure ... - Oracle - August 1st, 2023 [August 1st, 2023]
- Alphabet bets on generative AI as cloud boosts Q2 revenue - CIO - August 1st, 2023 [August 1st, 2023]
- Education Lies Beneath the Clouds of Earth Observation - Eos - August 1st, 2023 [August 1st, 2023]
- From niche to necessity: GFT's vision for cloud computing ... - Business Leader - August 1st, 2023 [August 1st, 2023]
- A New Era of Data Management: The Growing Importance of Global ... - Fagen wasanni - August 1st, 2023 [August 1st, 2023]
- Directorate of training inks pact with AWS India to upskill students in emerging technologies - Business Today - August 1st, 2023 [August 1st, 2023]
- UMD Smith Offers New January Start Date for MS in Information ... - Newswise - August 1st, 2023 [August 1st, 2023]
- The Impact of Global White-box Server Adoption on Cloud ... - Fagen wasanni - August 1st, 2023 [August 1st, 2023]
- Global Application Transformation: Unlocking the Potential of Cloud ... - Fagen wasanni - August 1st, 2023 [August 1st, 2023]
- The Rising Costs of Cloud Computing: Big Tech Responds with In ... - Fagen wasanni - July 29th, 2023 [July 29th, 2023]
- Juniper Stock Slides on Cut to Outlook as Cloud Business Slows - Barron's - July 29th, 2023 [July 29th, 2023]
- Analyzing the Environmental Impact of Cloud Computing - Analytics Insight - July 29th, 2023 [July 29th, 2023]
- Todays Cache | Twitters new name has legal baggage; Generative AI boom complicates cloud computing; Adobes Figma deal may be investigated - The Hindu - July 29th, 2023 [July 29th, 2023]
- The Role of Cloud Computing in Optimizing Meat Packing Plant ... - EnergyPortal.eu - July 29th, 2023 [July 29th, 2023]
- KPMG to invest $2bn in AI and cloud services with Microsoft - DatacenterDynamics - July 29th, 2023 [July 29th, 2023]
- FDIC Office of Inspector General Cites Gaps in Cloud Migration ... - Executive Gov - July 29th, 2023 [July 29th, 2023]
- IPOPHL to adopt Cloud computing strategies for IP registration ... - BusinessMirror - July 29th, 2023 [July 29th, 2023]
- Here's the Best Part About Alphabet's Q2 Numbers - The Motley Fool - July 29th, 2023 [July 29th, 2023]
- The Importance of Cloud Connectivity in Modern IT Strategies - Fagen wasanni - July 29th, 2023 [July 29th, 2023]
- Hybrid Cloud Computing Market Demand and Competitive Analysis ... - Digital Journal - July 29th, 2023 [July 29th, 2023]
- Gogo announces yet another 5G delay - Light Reading - July 29th, 2023 [July 29th, 2023]
- Why DigitalOcean Is a Top Pick for the Next Bull Market - The Motley Fool - July 29th, 2023 [July 29th, 2023]
- Nvidia (NASDAQ:NVDA) Stock Surges as AI and Cloud Demand ... - Fagen wasanni - July 29th, 2023 [July 29th, 2023]
- Global Multi-Cloud Management Market to Reach $56.02 Billion by ... - GlobeNewswire - July 29th, 2023 [July 29th, 2023]
- Ideal Integrations Expands Cloud Computing and Cybersecurity ... - Business Wire - July 16th, 2023 [July 16th, 2023]
- Valencia College offers new computer technology concentration this fall - WFTV Orlando - July 16th, 2023 [July 16th, 2023]
- Policymakers must confront cloud insecurity, new report warns - The Record from Recorded Future News - July 16th, 2023 [July 16th, 2023]
- Top 10 Cloud computing trends for 2024 - Analytics Insight - July 16th, 2023 [July 16th, 2023]
- Integration and support service launched to help organisations ... - Scientific Computing World - July 16th, 2023 [July 16th, 2023]
- How the cloud impacts the financial services industry - Accounting Today - July 16th, 2023 [July 16th, 2023]
- Startups Thrive with AWS : Cost optimization and efficiency in cloud ... - TechiExpert.com - July 16th, 2023 [July 16th, 2023]
- US shouldn't restrict China's access to cloud computing and ... - asianews.network - July 16th, 2023 [July 16th, 2023]
- How Global Hyperscalers are Shaping the Future of Cloud ... - Fagen wasanni - July 16th, 2023 [July 16th, 2023]
- Increased demand for AI servers headlined by cloud computing, with ... - DIGITIMES - July 16th, 2023 [July 16th, 2023]
- With Nvidia's Help, Revenue Surges at Smaller Cloud Providers - The Information - July 16th, 2023 [July 16th, 2023]
- Harnessing the cloud: A new dawn for real estate through adoption ... - Construction Week Online India - July 16th, 2023 [July 16th, 2023]
- IBM mulls using its own AI chip in new cloud service to lower costs - Reuters - July 16th, 2023 [July 16th, 2023]
- Cloud Native Computing Foundation Reaffirms Istio Maturity with ... - PR Newswire - July 16th, 2023 [July 16th, 2023]
- Data Global Center Blade Server Market to Reach $33.5 Billion by ... - GlobeNewswire - July 16th, 2023 [July 16th, 2023]
- Largest Children's Hospital in the United States Standardizes on ... - PR Newswire - July 16th, 2023 [July 16th, 2023]
- The new high-paying jobs in generative AI - InfoWorld - July 16th, 2023 [July 16th, 2023]
- AWS Nabs Intels Former Cloud VP As Its New Global CMO - CRN - July 16th, 2023 [July 16th, 2023]
- The edge computing market size is expected to grow from USD 53.6 billion in 2023 to USD 111.3 billion by 2028, at a Compound Annual Growth Rate (CAGR)... - July 16th, 2023 [July 16th, 2023]
- Microsoft Is Big Winner as Corporate Tech Spending Shifts to AI - Barron's - July 16th, 2023 [July 16th, 2023]
- Court filing shows Microsoft Azure generated lower-than-expected $34B in revenue in 2022 - SiliconANGLE News - July 3rd, 2023 [July 3rd, 2023]
- Applications running like clunkers in the cloud? 3 options to consider - InfoWorld - July 3rd, 2023 [July 3rd, 2023]
- Open-source technologies and cloud computing will continue to power Indias digital economy, says Karmendr - Economic Times - July 3rd, 2023 [July 3rd, 2023]
- How is Cloud Computing Revolutionizing the IT Infrastructure? - Analytics Insight - July 3rd, 2023 [July 3rd, 2023]
- Rackspace Technology partners with Google Cloud to offer ... - CloudTech News - July 3rd, 2023 [July 3rd, 2023]
- Amazon is investing another $7.8B in Ohio-based cloud computing ... - Wilmington News Journal, OH - July 3rd, 2023 [July 3rd, 2023]
- Cloud Computing Market Data and Acquisition Research Study with ... - Taiwan News - July 3rd, 2023 [July 3rd, 2023]
- 13 Executives Making Waves in Cloud Computing for 2023 - Executive Gov - July 3rd, 2023 [July 3rd, 2023]
- Top 5 challenges when migrating to the cloud - Open Access Government - July 3rd, 2023 [July 3rd, 2023]
- Future of Cloud Computing - In conversation with Karmendra Trivedi of Canonical India - The Economic Times - July 3rd, 2023 [July 3rd, 2023]
- Lock-in effects in cloud computing sector warrant closer scrutiny ... - Global Competition Review - July 3rd, 2023 [July 3rd, 2023]
- Cloud security: Sometimes the risks may outweigh the rewards - Help Net Security - July 3rd, 2023 [July 3rd, 2023]
- Innovative cloud computing method developed by Chennai researcher receives patent - Indiatimes.com - July 3rd, 2023 [July 3rd, 2023]
- Windows in the Cloud? Microsoft's Strategy Sends Shockwaves ... - ReadWrite - July 3rd, 2023 [July 3rd, 2023]
- The Power of Cloud Computing: Revolutionizing Business and IT ... - Tech Critter - July 3rd, 2023 [July 3rd, 2023]
- Unlocking the Power of Hybrid Cloud Observability: Join the ... - IT News Africa - July 3rd, 2023 [July 3rd, 2023]
- How MTN and Microsoft Will Transform Business Operations with ... - TechCabal - July 3rd, 2023 [July 3rd, 2023]
- GPS Wealth Strategies Group LLC Embraces Cloud Computing with ... - Best Stocks - July 3rd, 2023 [July 3rd, 2023]
- Healthcare Cloud Computing Market to Surpass US$ 173886.3 Mn ... - Medgadget - July 3rd, 2023 [July 3rd, 2023]
- Cloud security needs a new playbook, and it starts with Wiz - Open Access Government - July 3rd, 2023 [July 3rd, 2023]
- Johannesburg Stock Exchange expands cloud-based colocation ... - Finextra - June 19th, 2023 [June 19th, 2023]
- Elon Musk's Twitter is refusing to pay for Google Cloud: what could ... - Startup Daily - June 19th, 2023 [June 19th, 2023]
- A Bull Market Is Coming: 1 Unstoppable Growth Stock to Buy and Hold - The Motley Fool - June 19th, 2023 [June 19th, 2023]
- The Future of Cloud Computing: An Introduction to Serverless ... - CityLife - June 19th, 2023 [June 19th, 2023]
- The Impact of Cloud Computing on Business Intelligence and ... - CityLife - June 19th, 2023 [June 19th, 2023]