New Study: Security as a Service Market - Global Forecast to 2020

Security as a Service Market by Solution (Email Encryption, SIEM, IAM, Endpoint Protection, IDS/IPS, Data Loss Prevention and Others), by Service, by Application, by Organization Size, by Vertical, by Region - Global Forecast to 2020

"Rise in demand for cloud-based security"

The SECaaS market size is expected to grow from USD 3.12 billion in 2015 to USD 8.52 billion by 2020, at a Compound Annual Growth Rate (CAGR) of 22.2%. Major factors contributing to the growth of SECaaS market are- rise in demand for cloud-based security and high on-premises security cost for organization.

"Endpoint protection solution to gain maximum traction during the forecast period"

The endpoint protection solution is estimated to contribute the largest market share duing the forecast period. Furthermore, due to rise in malware, ransomware, and cyber-attacks, the demand for endpoint protection is expected to increase in the next five years. The training and education services segment is expected to contribute the largest market share in the SECaaS market during the forecast period.

Full Report Details at
- http://www.fastmr.com/prod/1123580_security_as_service_global.aspx?afid=301

"North America to be the largest market for SECaaS during the forecast period"

The North America region holds the largest share of the SECaaS market. The major driver for this region is the mounting level of cloud-based applications adopted by both SMEs and large enterprises. The U.S. has the largest market share in the region followed by Canada. The European market is the second biggest market after North America. The region consists of major growing economies such as the U.K., Germany, and France, which present great growth opportunities for the SECaaS market.

In the process of determining and verifying the market size for several segments and sub-segments gathered through secondary research, extensive primary interviews were conducted with key people. Break-up of profile of primary participants is as follows:

* By Company Type: Tier 1 - 55 %, Tier 2 - 20% and Tier 3 - 25%
* By Designation: C level - 60%, Director level - 25%, Others - 15%
* By Region: North America - 10%, Europe - 20%, APAC - 40%, RoW - 30%

BYOD policy is gaining popularity in SMBs and large enterprises and is changing the way user's access the organizational data. As the technology related to BYOD is improving, organizations are mobilizing their workforce. Cloud-based security and opportunities in mobile technology together will allow organizations to innovate in new ways. BYOD trend is pushing organizations to adopt cloud-based security. The enterprises will hold the maximum market share in the SECaaS market.

The various key SECaaS vendors profiled in the report are as follows:

1. Symantec Corporation

2. Cisco Systems, Inc.

3. McAfee

4. Trend Micro

5. Fortinet, Inc.

6. Panda Security

7. CipherCloud

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