Growth in adoption of cloud computing by organizations primarily to reduce costs associated with managing enterprise IT infrastructure drives the market.
The SaaS-based IT security market is segmented on the basis of service, end user, and region. Service segment covered in this study includes identity and access management services, web gateway services, email gateway services, cloud encryption services, and SIEM services. By end user, the market is classified into small and medium size enterprises (SMEs) and large enterprises. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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In addition, increase in cloud service-specific attacks and rise in adoption of bring your own devices (BYOD) concept propels the growth of the market. However, issues related to data security and inconsistent network connection limits the growth of the market. Furthermore, increase in demand for SaaS-based IT security services from small business segments and growing popularity of managed security service providers is expected to provide numerous opportunities for the market.
Key benefits of the report:
- The study provides an in-depth analysis of the global SaaS-based IT security market and current & future trends to elucidate the imminent investment pockets.
- Information about key drivers, restrains, and opportunities is provided.
- Porters Five Forces analysis illustrates the potency of buyers and suppliers operating in the industry.
- The quantitative analysis of the global market from 2016 to 2023 is provided to determine the market potential.
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The report has offered an all-inclusive analysis of the global SaaS-based IT Security Market taking into consideration all the crucial aspects like growth factors, constraints, market developments, top investment pockets, future prospects, and trends. At the start, the report lays emphasis on the key trends and opportunities that may emerge in the near future and positively impact the overall industry growth.
Key drivers that are propelling the growth of the market included in the report. Additionally, challenges and restraining factors that are likely to curb the growth of the market are put forth by the analysts to prepare the manufacturers for future challenges in advance.
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Leading Market Players:
The key players profiled in the SaaS-based IT Security market analysis are
Barracuda Networks, Inc., Alert Logic, Cisco Systems, Inc., Symantec Corporation, Fortinet, CA Technologies, IBM Corporation, CYREN, CipherClouds, McAfee, Inc.
These players have adored various strategies to increase their market penetration and strengthen their position in the industry. Current and future SaaS-based IT Security market trends are outlined to determine the overall attractiveness of the market.
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Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
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