Pune, Maharashtra -- (SBWIRE) -- 05/17/2023 -- Global Security as a Service Market Size, Status and Forecast is the latest research study released by HTF MI evaluating the market risk side analysis, highlighting opportunities, and leveraging strategic and tactical decision-making support (2023-2030). The market Study is segmented by key a region that is accelerating the marketization. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Global Security as a Service Market. Some of the key players profiled in the study are Cisco Systems, Honeywell, Samsung Techwin, Hewlett-Packard Enterprise, S2 Security, Panasonic, Bosch Security Systems, CheckPoint Software Technologies, Siemens, Axis, Fortinet, Schneider Electric, Salient Systems & NortekSecurity.
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Security as a service (SECaaS) is a business model in which a service provider integrates their security services into a corporate infrastructure on a subscription basis more cost effectively than most individuals or corporations can provide on their own, when total cost of ownership is considered. SECaaS is inspired by the "software as a service" model as applied to information security type services and does not require on-premises hardware, avoiding substantial capital outlays. These security services often include authentication, anti-virus, anti-malware/spyware, intrusion detection, Penetration testing and security event management, among others.
The commercial segment accounted for about 50% of the total shares of the market and dominated the industry. Retail firms are the major contributors to this market segment since they employ a number of security technologies such as electronic article surveillance systems, radio frequency identification systems, and video surveillance systems. Since this demands the need for separate space for data storage and additional security for ensuring that this data is not tampered with, this segment will have a continuous demand for security services in the coming years as well. Additionally, financial institutions also use security systems such as in banks and ATM centers, and this will also add to the growth of the market in this segment.
Due to the high adoption of cloud video surveillance solutions, the recent years witnessed the increased adoption of the security systems in the Americas. The US has always been a major adopter of new security technologies and will be the major contributor to the market.
Security as a Service Market Overview:
The study provides a detailed outlook vital to keep market knowledge up to date segmented by Commercial, Government, Residential & Other, , Authentication, Anti-Virus, Anti-Malware/Spyware, Intrusion Detection, Penetration Testing, Security Event Management & Other, and 18+ countries across the globe along with insights on emerging & major players. If you want to analyze different companies involved in the Security as a Service industry according to your targeted objective or geography we offer customization according to your requirements.
Security as a Service Market: Demand Analysis & Opportunity Outlook 2030
Security as a Service research study defines the market size of various segments & countries by historical years and forecasts the values for the next 6 years. The report is assembled to comprise qualitative and quantitative elements of Security as a Service industry including market share, market size (value and volume 2019-2023 and forecast to 2030) that admires each country concerned in the competitive marketplace. Further, the study also caters to and provides in-depth statistics about the crucial elements of Security as a Service which includes drivers & restraining factors that help estimate the future growth outlook of the market.
The segments and sub-section of Security as a Service market is shown below:
The Study is segmented by the following Product/Service Type: Authentication, Anti-Virus, Anti-Malware/Spyware, Intrusion Detection, Penetration Testing, Security Event Management & Other
Major applications/end-users industry are as follows: Commercial, Government, Residential & Other
Some of the key players involved in the Market are: Cisco Systems, Honeywell, Samsung Techwin, Hewlett-Packard Enterprise, S2 Security, Panasonic, Bosch Security Systems, CheckPoint Software Technologies, Siemens, Axis, Fortinet, Schneider Electric, Salient Systems & NortekSecurity
Important years considered in the Security as a Service study:
Historical year – 2018-2022; Base year – 2022; Forecast period** – 2023 to 2030 [** unless otherwise stated]
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Research Objectives:
- Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
- To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges and risks).
- To analyze the with respect to individual future prospects, growth trends and their involvement to the total market.
- To analyze reasonable developments such as agreements, expansions new product launches, and acquisitions in the market.
- To deliberately profile the key players and systematically examine their growth strategies.
FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
- Political (Political policy and stability as well as trade, fiscal, and taxation policies)
- Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
- Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
- Technological (Changes in digital or mobile technology, automation, research, and development)
- Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
- Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
Geographically, the following regions together with the listed national/local markets are fully investigated:
- APAC (Japan, China, South Korea, Australia, India, and the Rest of APAC; the Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
- Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
- North America (U.S., Canada, and Mexico)
- South America (Brazil, Chile, Argentina, Rest of South America)
- MEA (Saudi Arabia, UAE, South Africa)
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