Security as a Service Market Size Worth $34.85Bn by 2028 at 16.8% CAGR, Driven by Cloud Infrastructure & Cyber Security, Deep Dive Analysis of 18+ Countries across 5 Key Regions, 50+ Companies Scrutinized

The Insight Partners - Seite 2

Component, Organization Size, Application and Vertical

Regional scope

North America; Europe; Asia Pacific; Latin America; MEA

Country scope

US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Security as a Service Market: Competitive Landscape and Key Developments

Alert Logic, Inc.; Barracuda Networks, Inc.; Clearswift; Silversky; IBM Corporation; McAfee, LLC; Microsoft Corporation; Radware; Trend Micro Incorporated, and Zscaler, Inc. are the key market players profiled during this study. In addition, several other important market players were studied and analyzed during this study to get a holistic view of the global market and its ecosystem.

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In 2022, HelpSystems announced its plans to acquire Alert Logic to provide customers with a hybrid IT approach to address the shortage of cybersecurity skills.

In 2022, IBM Corporation announced its plans to acquire Randori, a provider of offensive cyber protection and attack surface management. IBM intends to combine Randori's software with the extended detection and response (XDR) features of IBM Security QRadar, according to ITPro.

Security as a Service Market Analysis: Key Insights

The security as a service market growth driven by the increasing adoption of cloud infrastructure and increasing government initiatives to promote cyber security, multi cloud infrastructure. The US, Germany, India, South Africa, and Brazil are the countries are registering a high growth rate during the forecast period. The solution segment led the global market in 2021.

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The security as a service market is broadly segmented into five major regions—North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SAM). North America is the most technologically advanced region with major economies, such as the US and Canada. According to a recent study by Specops Software, a password management company, the US has seen more severe cyberattacks over the past 14 years than any other nation has. Cybersecurity & Infrastructure Security Agency (CISA) advises all businesses, regardless of size, to adopt a more aggressive approach to cybersecurity and safeguarding their most important assets. It recognizes that finding money for critical security improvements can be difficult for many companies. Such factors are contributing to the security as a service market growth.