Information Technology (IT) Security as a Service Market by Product Type (Email Encryption, Endpoint Protection, Data Loss Prevention, Event Monitoring, Information Security, IAM, and Others) and End User (BFSI, Healthcare, Telecom, Media and Entertainment, Education, and Others)
Information technology (IT) security as a service incorporates the prevention of loss of digital assets from cyber-crime and terrorism and other network service interruptions that affect daily business operations. It is utilized by varied industry verticals that involve critical technological resources.
IT security forms an integral part of a system as data theft or breaches result into huge monetary losses to organizations and government institutions. Security breaches affect more than just the Information Technology (IT) infrastructure of a company.
These threats cause disruptions to the entire network that impact principal business functions and mission. Moreover, organizations evaluate IT security in terms of direct influence to the successful execution of an organizations primary mission.
With the proliferation of cloud, mobility, and bring your own device (BYOD), endpoint protection is crucial for all security departments. Rise in need for advanced security solutions, technological advancements regarding new product development, and rise in malware and phishing threats among enterprises drive the global information technology (IT) security as a service market.
However, presence of stringent regulatory standards is expected to impede the market growth. Growth in demand for cloud-based cyber security solutions is expected to create locate lucrative opportunities for the market during the forecast period.
The global Information Technology (IT) security as a service market is segmented o based on product type, end user, and geography. Based on product type, it is classified into email encryption, endpoint protection, data loss prevention, event monitoring, information security, IAM, and others.
Based on end user, it is divided into BFSI, healthcare, telecom, media and entertainment, education, and others. Based on geography, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key players profiled in the report include Cisco Systems, Inc., Hewlett Packard Enterprise, Symantec Corporation, IPSec, Kaapagam Technologies, Quick Heal Technologies Ltd., Barracuda Networks, Check Point Software Technologies Ltd., Fortinet, Inc., Radware, and Trend Micro Inc., and others.
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