Portland, OR -- (SBWIRE) -- 12/27/2017 -- Global Security as a Service Market is expected to grow at a CAGR of around 21% from 2017 to 2025. Security as a service refers to cloud security, which is a delivery model for security management solutions. Traditionally, security solutions for businesses, such as antivirus and spam filtering were delivered with appliances as a part of the in-house services, however, the high cost in hardware and ongoing costs for software licenses have deterred many service providers from continuing the same. Hence, companies are now adopting the security-as-a-service module, where solutions are delivered by a cloud provider.

Based on solution, the Security as a Service Market is divided into identity and access management, confidentiality, prevention systems, and others. By end-user, it is divided into small scale enterprise and large scale enterprise. Various applications included in the report are government, energy & utilities, oil & gas, retail & consumer goods, healthcare, and financials & insurance. Geographic breakdown and deep analysis of each of the aforesaid segments is included for North America, Europe, Asia-Pacific, and LAMEA.

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Market Dynamics:

Drivers:

Unprecedented increase in the bring your own device (BYOD) trend among large-scale enterprises and small-scale enterprise
Rapid increase in cyber-attacks using viruses and malware and advanced persistent threats, encourage organizations to deploy cloud security solutions
Restraints:

Availability of free security solutions
Market Players:

The top players in the global security as a service market include Symantec Corporation, Veracode, Webroot, Sentrigo, Appriver, Swiftserve, McAfee, Cisco Systems, Qualys, and Trend Micro.

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MARKET LANDSCAPE

By Solution

Identity & Access Management
Confidentiality
Prevention systems
Others
By End-User

Smart scale enterprise
Medium scale enterprise
By Application

Government
Energy & Utilities
Oil & Gas
Retail & Consumer goods
Healthcare
Financial & Insurance
By Geography

North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA