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Press release content from BusinessWire. The AP news staff was not involved in its creation.

The 2018 Global Security as a Service Market (SECaaS); Set to Reach $14.55 Billion by 2023 - ResearchAndMarkets.com

January 29, 2019

DUBLIN--(BUSINESS WIRE)--Jan 29, 2019--The “Security as a Service Market (SECaaS) - By Type of Solution, Organization Size, and Geography - Trends and Forecasts (2017 - 2022)” report has been added to ResearchAndMarkets.com’s offering.

The Security as a Service (SECaaS) Market was valued at USD 5,950 million in 2017, and it is expected to reach a value of USD 14,555 million by 2023, growing at a CAGR of 16.3% over the forecast period (2018-2023).

Increasing dependence on advanced security, a growth of the BYOD initiative among organizations, and rise in the demand for cloud-based security are set to boost the growth of the global SECaaS market.

Globally, new and sophisticated threats (Trojans, zero-day malware, and advanced persistent threats), which can put an organization’s critical data at risk, are increasing significantly owing to rapidly growing infrastructure. These attacks have encouraged organizations to use could-based security solutions to safeguard their cloud, networks, and endpoints against potential cyber-attacks.

Furthermore, major organizations are advancing to shift from traditional security to cutting-edge security to protect the critical assets from potential threats. Cloud-based security deals with advanced security measures, securing an organization’s hardware, software, network, applications, as well as endpoint devices.

Key Highlights

IT & Telecom Industry Set to Witness a High Adoption Rate Asia-Pacific Set to Witness the Fastest Growth Rate

Topics Covered

1. Introduction

2. Research Approach & Methodology

3. Executive Summary

4. Market Dynamics

5. Segmentation By Type of Solution

6. Segmentation By Size of Organization

7. Segmentation By Geography

8. Competitive Intelligence

9. Investment Analysis

10. Future of the Market

Companies Profiled

Barracuda Networks Inc. Dell Inc. IBM Corporation Proofpoint Inc. Sophos PLC Trend Micro Incorporated Websense Inc. ZSCaler Inc. McAfee (Intel) Cisco Systems Inc. Symantec Corporation Qualys Inc.

For more information about this report visit https://www.researchandmarkets.com/research/w5gdsv/the_2018_global?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20190129005467/en/

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Related Topics:IT Security



SOURCE: Research and Markets

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PUB: 01/29/2019 06:46 AM/DISC: 01/29/2019 06:46 AM