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(Wireless-NewsWire.Com, October 25, 2018 ) According to Verified Market Intelligence, the Global Security as a Service Market was valued at USD 4.23 billion in 2016 and is projected to reach USD 26.58 billion by 2025, growing at a CAGR of 22.65% from 2017 to 2025.
Security as a service or SaaS is defined as a model which is used by service providers for integrating their security services in the corporate infrastructure. This service is usually on a subscription basis. The Security as a service or SaaS includes services such as antivirus software that is able to be distributed over the net as well as management of security in-house which is provided by an organization externally. The service provides several benefits of using the security system such as continuous virus definition updates, data loss protection, faster user provisioning and more.
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The trend for the Bring Your Own Device system is growing more prevalent among the organization. This boost in the system has led to an increase in security solutions such as on-premise and cloud-based security solutions. This adoption of controlling and managing security solutions for technology has led to the increase in the growth of the security as a service market size. Factors such as the increasing cyber threats and other alternative security solutions are factors that restrain the market for security as a service.
Competitive Landscape:
The major players in the market are as follows:
Fortinet, Inc.
Radware Ltd
Cisco Systems, Inc.
Alert Logic, Inc.
Trend Micro
Zscaler, Inc.
McAfee (Intel Security)
Ciphercloud
Symantec Corporation
Panda Security
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