SaaS Security Global Market – Overview
Software-as-a-service (SaaS) model delivers web-based applications over the Internet. It encompasses a broad range of business opportunities and challenges. However, SaaS applications present security challenges because they are typically hosted on third party infrastructure and run third party application code. Global SaaS Security Market, in terms of revenue, which was estimated at US$ 2110.57 million in 2020, is expected to reach US$ 6895.25 million in 2030.
Some of the primary market participants are DriveLock SE, Cisco Systems, Inc., Proofpoint, Inc., SecureAuth, Credant Technologies (Dell Technologies), LogRhythm, Inc., Trustwave Holdings, Barracuda Networks Inc., Phantom Technologies LTD, Cyren, Watchguard Technologies, Trend Micro, CipherCloud, Gemalto NV, Symantec Corporation, CloudPassage Halo, McAfee LLC. (Intel Security Group), CA Technologies, IBM, Panda Security S.L. amongst others.
Focus of the report
- CAGR values in the market for the forecast period
- Key trends in the market place
- Major players and brands
- Historical and current market size and projection up to 2030.
- Detailed overview of parent market
- Changing market dynamics of the industry
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Global SaaS Security Market, By Component
There has been a growing demand for SaaS solutions resulting in an increased business value of SaaS solutions. To successfully and securely adopt cloud-based SaaS applications in the enterprise, SaaS security strategies are developed to guide the rest of the SaaS applications. A typical SaaS application is offered either directly by the provider or by an intermediary party called an aggregator, which bundles SaaS offerings from different providers and offers them as part of a unified application platform. Cloud computing has become an integral part of organizations because of the benefits it offers to the digitally connected world and the rising demand for these solutions are subsequently increasing the need to secure cloud solutions. This has provided a growth impetus for the SaaS security market.
SaaS Security Market, By Enterprise Size
Amongst the enterprise size segments, medium enterprises are expected to witness the fastest growth. Cloud computing is the delivery of computing services over the Internet, and it offers many potential benefits to small and medium-sized enterprises (SMEs). Implementing information technology solutions and platforms can be complex and costly for SMEs. Cloud computing can often help ease this burden by enabling SMEs to access services that they might not have the money or resources to implement or support on their own. Owing to this, the SaaS security industry is expected to witness high growth in SMEs in near future.
SaaS Security Market, By Region
On the basis of geography, North America region occupies the largest market in terms of consumption and demand for the market globally. The finance institutions in this region are driving the SaaS security market, as these institutions face the largest threat with respect to data loss and monetary loss associated with SaaS based applications. U.S in North America holds the largest market share in terms of revenue. Cloud-based security services are proliferating in the U.S. corporate world; from budding startups to established conglomerates which is driving he market.
Why Buy this Report?
- Extensive analysis on latest trends and growth opportunities in different regions across the globe
- Comprehensive assessment on recent technological advancements and forecast of the upcoming period
- A comparative analysis of leading players and emerging players in the SaaS Security market
- Authentic information on new product launches, organic and inorganic strategies, and more
- Valuable insights on the impact of regulatory framework on the global SaaS Security market
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