Global Security as a Service Market size was valued at USD 12.04 Billion in 2021, and is projected to reach USD 29.4 billion by 2028, growing at a CAGR of 13.6% from 2022 to 2028.

Market Overview:
Global Security as a Service Market size was valued at USD 12.04 Billion in 2021, and is projected to reach USD 29.4 billion by 2028, growing at a CAGR of 13.6% from 2022 to 2028.

In the Security-as-a-Service concept, a service provider integrates its security services into the company infrastructure on a subscription basis more affordably than the majority of people or businesses can do on their own. Data threats (data breaches) are increasing along with firms' IT infrastructure, which calls for more sophisticated security solutions than previously. Companies have begun allocating resources to enhancing their advanced security offerings as a result of this trend becoming more prevalent in the market. The highest demand for these solutions is a result of growing threats to businesses and corporations and the ensuing rise in identity theft. One of the proactive methods to stop identity theft is with IAM solutions. These solutions use a centralized mechanism to define and alter user access rights. They also keep track of authorization based on those rights.

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Market Dynamics:

Driver:
Businesses can build robust and secure platforms by integrating supplementary infrastructure technologies, such as software-defined perimeters, thanks to cloud implementation. Various governments create distinctive guidelines and rules for cloud platform security, which fosters the expansion of the global cyber security industry. By adopting cloud-based platforms like Software-as-a-Service and Infrastructure-as-a-Service, SMEs are constantly seeking for ways to update their apps and infrastructures.

Opportunities:
In the previous five years, new platforms, BYOD policies, CYOD trends, business apps, and other technologies have emerged, making the IT infrastructure more intricate and diverse. The BYOD and CYOD trends are becoming more popular in the workplace due to rapid advancements in mobile computing. These developments give workers more flexibility in their work and boost productivity by enabling them to access company data using their devices from any location, at any time. Therefore, it is essential to safeguard the integrity and security of corporate data from potential risks.

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Segmentation Analysis of the Security as a Service Market

By Component
• Platform
• Services

By Application
• Continuous Monitoring
• Endpoint Security
• Network Security
• Cloud Security
• Others

By Vertical
• BFSI
• Retail & eCommerce
• Travel & Hospitality
• IT & Telecom
• Healthcare
• Others

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Regional Analysis Of the Platform as a Service Market
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
• Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of South America)

Top Key Players Covered In Security as a Service Market
• Ciphercloud Inc.
• Panda Security SL
• Cisco Systems Inc.
• Clearswift
• Silversky
• Trend Micro Inc.
• Fortinet Inc.
• Zscaler Inc.
• Radware Ltd.
• HelpSystems
• Symantec Corporation
• IBM Corporation
• Alert Logic Inc.
• Zscaler Inc.
• McAfee and other major players.

Key Industry Development In The Security as a Service Market
In June 2022, IBM announced the acquisition of Randori, a Boston-based offensive security startup that combines attack surface management (ASM) and continuous automated red teaming (CART) to assist organizations in strengthening their cyber defenses.

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Table Of Contact
Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Component
 3.2 By Application
 3.3 By Vertical

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: Security as a Service Market by Component
 5.1 Security as a Service Market Overview Snapshot and Growth Engine
 5.2 Security as a Service Market Overview
 5.3 Solutions
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Solutions: Geographic Segmentation
 5.4 Services
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Services: Geographic Segmentation

Chapter 6: Security as a Service Market by Application
 6.1 Security as a Service Market Overview Snapshot and Growth Engine
 6.2 Security as a Service Market Overview
 6.3 Continuous Monitoring
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size (2016-2028F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Continuous Monitoring: Geographic Segmentation
 6.4 Endpoint Security
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size (2016-2028F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Endpoint Security: Geographic Segmentation
 6.5 Network Security
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size (2016-2028F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Network Security: Geographic Segmentation
 6.6 Cloud Security
  6.6.1 Introduction and Market Overview
  6.6.2 Historic and Forecasted Market Size (2016-2028F)
  6.6.3 Key Market Trends, Growth Factors and Opportunities
  6.6.4 Cloud Security: Geographic Segmentation
 6.7 Others
  6.7.1 Introduction and Market Overview
  6.7.2 Historic and Forecasted Market Size (2016-2028F)
  6.7.3 Key Market Trends, Growth Factors and Opportunities
  6.7.4 Others: Geographic Segmentation
To be Continue…

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