The global security as a service market size reached US$ 14.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 33.0 Billion by 2028, exhibiting a growth rate (CAGR) of 14.5% during 2023-2028. More Info:- https://www.imarcgroup.com/security-as-a-service-market

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Global Security as a Service
Market Research and
Forecast Report 2023-2028
Author: Elena Anderson,
Marketing Manager |
IMARC Group
© 2019 IMARC All Rights Reserved

2. Report Description
About IMARC Group
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3. Report Description
Report Description and Highlights
Global Security as a Service Market Research Report:
The latest report by IMARC, titled “Security as a Service Market: Global Industry Trends, Share, Size,
Growth, Opportunity and Forecast 2023-2028” " the global security as a service market reached a
value of US$ 14.5 Billion in 2022.
Security as a service (SECaaS) refers to a cloud-based model for outsourcing cybersecurity services. The
service provider handles and manages the security of the organization by integrating its security
services into the organization’s infrastructure on a subscription basis. Anti-virus, anti-malware, secure
email and web gateway, vulnerability management, identity and access management, intrusion
detection, and application security testing are some of the standard services provided by SECaaS
solutions. They are employed to assist organizations in providing enhanced protection against online
threats, faster provision, and greater agility, increasing security, compliance, and cost-effectiveness,
and improving organizational performance.
Request Free Sample Report: https://www.imarcgroup.com/security-as-a-service-
market/requestsample

4. Report Description
Report Description and Highlights
Global Security as a Service Market Trends:
The increasing instances of cyberattacks, viruses, and spyware across sectors, specifically in the BFSI industry, are
creating a positive outlook for the market. SECaaS is widely used in banking systems as they consist of sensitive
information about employee identity, tangible and intangible assets, money transactions, and customer information.
In line with this, the increasing penetration of cloud-based technology to simplify digital banking processes and
reduce the costs and risks of on-premises security solutions is favoring the market growth. Apart from this, the
widespread product adoption among organizations amid the coronavirus disease (COVID-19) outbreak due to the
rising security concerns and the increasing number of individuals following the work-from-home (WFH) corporate
model is providing a thrust to the market growth.
Moreover, various technological advancements, such as the integration of the Internet of Things (IoT) and real-time
monitoring, owing to the emerging trend of bring-your-own-device (BYOD), are propelling the market growth. Other
factors, including the increasing demand for cloud-based security solutions, significant improvements in the
information technology (IT) infrastructure, and the implementation of various government initiatives mandating and
regulating data protection laws, are anticipated to drive the market toward growth. On account of the
aforementioned factors, the market is expected to reach US$ 33.0 Billion by 2028, exhibiting a CAGR of 14.5% during
2023-2028.
Looking forward, the market value is projected to reach a strong growth during the forecast period
(2023-2028).

5. Report Description
Report Description and Highlights
Market Summary:
Breakup by Component:
• Solution
• Services
Breakup by Organization Size:
• Small and Medium-sized Enterprises
• Large Enterprises
Breakup by Application:
• Network Security
• Endpoint Security
• Application Security
• Cloud Security
• Others
Breakup by Vertical:
• BFSI

6. Report Description
Report Description and Highlights
• Government and Defense
• Retail and E-Commerce
• Healthcare and Life Sciences
• IT and Telecom
• Energy and Utilities
• Manufacturing
• Others
Breakup by Region:
• North America
• United States
• Canada
• Asia-Pacific
• China
• Japan
• India
• South Korea
• Australia
• Indonesia
• Others

7. Report Description
Report Description and Highlights
• Europe
• Germany
• France
• United Kingdom
• Italy
• Spain
• Russia
• Others
• Latin America
• Brazil
• Mexico
• Others
• Middle East and Africa

8. Competitive Landscape with Key Players:
• Alert Logic Inc.
• Barracuda Networks Inc.
• Cisco Systems Inc.
• Dell Technologies Inc.
• Fortinet Inc.
• International Business Machines Corporation
• McAfee LLC
• Microsoft Corporation
• Okta Inc.
• Proofpoint Inc.
• Qualys Inc.
• Radware Ltd.
• Trend Micro Incorporated
• Zscaler Inc.
View Full Report with TOC & List of Figure: https://www.imarcgroup.com/security-as-a-service-
market
Report Description
Report Description and Highlights

9. A partial List of our Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
Partial List of Clients

10. A partial List of our Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
Partial List of Clients

11. Report Description
Report Description and Highlights
© 2019 IMARC All Rights Reserved
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Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been
based on information and sources believed to be accurate and reliable at the time of publishing.
International Market Analysis Research and Consulting makes no representation of warranty of any kind as to
the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any
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Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of
their respective companies.

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