Global SaaS-based IT Security Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global SaaS-based IT security market in its upcoming report titled, “Global SaaS-based IT Security Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027”. The global SaaS-based IT security market is estimated to register a CAGR of XX% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the global SaaS-based IT security market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the global SaaS-based IT security market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global SaaS-based IT security market report has been segmented on the basis of service, application, and region.

Security-as-a-service (SaaS) is an outsourcing model for security management. SaaS-based IT security is a type of IT security deployment that makes use of cloud computing technology. The main objective of SaaS is to protect information systems from cyber threats while maintaining the availability, integrity, and confidentiality of the information and achieve business objective. SaaS-based security services are typically accessed by users using a thin client via a web browser.

High growth in automation, and cost optimisation benefit are some of the major factors to fuelling growth of the global SaaS-based IT security market. In addition, SaaS-based IT security solutions also reduce the overall cost of ownership and organizations are increasingly adopting cloud computing to reduce their expenses in handling enterprise IT infrastructure are some other factors to boost growth of the global SaaS-based IT security market during the forecast period. Also, growing implementation of cloud services among enterprises is projected to increase the adoption of SaaS-based IT security applications during the forecast period.

Increasing data security concerns is a major factor hampering growth of the global SaaS-based IT security market. In addition, shortage of skilled workforce is also expected to restrict growth of the global SaaS-based IT security market during the forecast period.

North America accounts for largest revenue share in the global SaaS-based IT security market during the forecast period. This growth can be attributed to growing number of cyber-attacks among organizations which has increased the implementation of SaaS-based IT security solutions. Some other factors such as rise in the number of mobile phones and high uses of internet, rise in mobile malware attacks, and enterprise mobility projected to drive growth of SaaS-based IT security market in the region. The market in Asia Pacific is projected to have fastest growth in terms of CAGR over the forecast period.

Market Segmentation:

Global SaaS-based IT security market segmentation by service:

• E-mail gateway services
• IAM services
• Cloud encryption services
• Web gateway services
• SIEM services

Global SaaS-based IT security market segmentation by application:

• SMEs
• Large organization

Global SaaS-based IT security market segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

• Cisco
• IBM
• Intel Security (McAfee)
• Symantec
• Alert Logic, Inc.
• Barracuda Networks, Inc.
• CA Technologies
• CipherCloud
• CloudPassage
• Credant Technologies
• CYREN