Portland, OR -- (SBWIRE) -- 01/30/2018 -- It is a security management model, which offers security services along with IT infrastructure on a subscription basis. Its main objective is to protect information systems from cyber threats while preserving the integrity, availability, and confidentiality of the information and achieve business objective. SaaS-based IT security services helps organization to improve their IT security of companies by concentrating on core business objectives.

Growth in adoption of cloud computing by organizations primarily to reduce costs associated with managing enterprise IT infrastructure drives the market. 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.

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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.

The SaaS-based IT security market is dominated by key players such as Microsoft Corporation, IBM Corporation, Cisco Systems, Inc., McAfee, Inc., Symantec Corporation, Blue Coat Systems, Inc., Citrix Systems, Inc., Barracuda Networks, Inc., F5 Networks, Inc., and Trend Micro.

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Key Benefits

- 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.

SaaS-based IT Security Market Key Segments:

By Service

- Identity and Access Management Services
- Web Gateway Services
- Email Gateway Services
- Cloud Encryption Services
- SIEM Services

By Organization Size

- Small and Medium Size Enterprises
- Large enterprises