Fast Market Research announces the availability of the new Markets and Markets report, "Security as a Service Market - Global Forecast to 2020", on their comprehensive research portal

Boston, MA -- (SBWire) -- 03/02/2016 --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.

Get More Details on this Report and a Full Table of Contents at Security as a Service Market - Global Forecast to 2020

"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.

"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
8. ZScaler, Inc.
9. Alert Logic, Inc.
10. Radware Ltd.

The report will help the market leaders/new entrants in this market in the following ways:

1. This report segments the SECaaS market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the sub-segments across different verticals and regions.
2. The report helps stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
3. This report will help the stakeholders to better understand the competitors and gain more insights to better their positions in the business. The competitive landscape section includes competitor ecosystem, new product develpoments, partnerships, and mergers and acquisitions.

About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

Browse all Computer Technology research reports at Fast Market Research

You may also be interested in these related reports:

-Oil and Gas Security and Service Market - Global Forecast & Analysis to 2020
-BFSI Security Market - Global Forecast to 2020
-Physical Security Market - Global Forecast to 2020
-Service Robotics Market - Analysis & Forecast to 2020
-Internet of Things (IoT) in Energy Market - Global Forecast to 2020