In this report, the global Security as a Service market is valued at USD XX million in 2019 and is projected to reach USD XX million by the end of 2023, growing at a CAGR of XX% during the period 2019 to 2023.
The Security as a Service Market size is estimated to grow from US$ 7.6 Billion in 2018 to US$ 16.5 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 16.9% during the forecast period.This report spread across 158 pages, profiling 15 companies and supported with 78 tables and 36 figures is now available in this research.
As the telecom industry continues to evolve and inclines to a digital business model, leading players are increasingly adopting cloud based services. This offers many distinct advantages such as cheaper services, more computing power and easy availability of storage space.
The Security as a Service Market size is expected to grow from USD 7.6 billion in 2018 to USD 16.5 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 16.9% during the forecast period.
The factors expected to drive the security as a service market are the growing need to follow regulatory and data protection laws and increasing demand for cloud-based security solutions.
Leading Key Players: Symantec Corporation, McAfee, Cisco Systems, Trend Micro, CipherCloud, ZScaler, Alert Logic, Radware, and others.
The SECaaS market size is expected to grow from USD 3.12 billion in 2017 to USD 8.52 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 22.2%. Major factors contributing to the growth of SECaaS market are- rise in demand for cloud-based security and high on-premises security cost for organization. Global Top Player like Symantec Corporation, Cisco Systems, Inc., McAfee, Trend Micro
Security as a service (SECaaS) is a business model in which a service provider integrates their security services into a corporate infrastructure on a subscription basis more cost effectively than most individuals or corporations can provide on their own, when total cost of ownership is considered.
The report covers the present scenario and the growth prospects of the global security as a service market for 2016-2020.
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