Industry Background:
The Security-as-a-service (SaaS) is an outsourcing model for security management. The large service providers integrate their services into the organizations on a subscription basis, which provides a cost-effective and complete security solution.This growth is primarily driven by Mandate to Follow Regulatory and Data Protection Laws, Increase in Demand for Cloud-Based Security Solutions and High Cost and Risks in Managing On-Premises Security Solutions.
Major Players, such as McAfee (United States), Trend Micro (Japan), Zscaler (United States), International Business Machines Corporation (United States), Microsoft (United States), Clearswift (United Kingdom), Alert Logic (United States), Cygilant (United States), Barracuda Networks (United States), Panda Security (Spain), Stratejm (Canada), Cisco (United States), Fortinet (United States), Ciphercloud (United States), Nominum Inc. (United States) and Oracle Corporation (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In October 2018, IBM launched a new cloud-based community platform, IBM Security Connect, for cybersecurity applications. This AI and ML-based platform is used to help the security teams to identify threats or risks, and improve the efficacy and efficiency of threat detection and response.
Market Drivers
- Mandate to Follow Regulatory and Data Protection Laws
- Increase in Demand for Cloud-Based Security Solutions
- High Cost and Risks in Managing On-Premises Security Solutions
Market Trend
Restraints
- Availability of Free Security Services and Security Solution Suites
Opportunities
Rapid Growth in Bring Your Own Device and Carry Your Own Device Trends
Challenges
Rise in IT Infrastructure Complexities and Lack of Skilled IT Security Professionals
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Security as a Service Study Sheds Light on
The Security as a Service Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Security as a Service industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Security as a Service industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.