Global Security as a Service Market
Global security as a service market size was US$ XX Bn in 2019 and is expected to reach US$ XX Bn by
2027, at a CAGR of 18.9% during the forecast period.
Global security as a service market
The report study has analyzed the revenue impact of COVID-19 pandemic on the sales revenue of
market leaders, market followers, and market disrupters in the report, and the same is
Security as a service (SECaaS) is an outsourced service and a business model for security management. It
provides various enterprises a kind of security they require with no complexity and low price as well. It
also provides effective methods for enterprises to identify threats within a network.
Growing adoption of security as a service in enterprise data centers is a major driving factor behind the
growth of the market. Security as a service is being highly adopted in mobile and cloud world as it
delivers secure access to services and applications from the location where the user is connected.
Increasing demand of security services intrusion detection, penetration testing, antivirus, anti-
malware/spyware, and security event management tools, rising adoption of cloud-enabled security
solutions among SMEs and growing trends such as carry your device and bring your device are expected
to improve the growth of the market during the forecast period. SECaaS provides some benefits such as
reduced price, uniform and continuous protection, improved security, and ease of management, which
are ultimately propelling the growth of the market.
However, rising complexities in IT infrastructure and lack of skilled IT security personnel are major
restraining factors that could hamper the growth of the market.
Global Security as a Service Market: Segmentation Analysis
By application, the network security segment dominated the market in 2019 and is projected to witness
fast growth at CAGR of XX% during the forecast period. Network security is the meth