Market Research Reports, Inc. has announced the addition of “Global SaaS-based IT Security Market 2016 - 2020” research report to their website www.MarketResearchReports.com

Lewes, DE -- (SBWire) -- 07/15/2016 --Report forecast the global SaaS-based IT security market to grow at a CAGR of 22.38% during the period 2016-2020.

SaaS-based IT security is a type of IT security deployment that makes use of cloud computing technology. SaaS-based IT security services, also known as security as a service (SECaaS), is a security management model wherein cloud service providers offer security services along with IT infrastructure on a subscription basis. The ultimate objective of SECaaS is to protect information systems from cyber threats while preserving the availability, integrity, and confidentiality of the information and achieve business objective. SaaS-based security services enable organization to improve their IT security companies concentrate on core business objectives by outsourcing security services to MSSPs as they have expertise in security.

The report covers the present scenario and the growth prospects of the global SaaS-based IT security market 2016-2020. To calculate the market size, the report considers the revenue generated from the services provided by SaaS security software vendors.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

According to the report, one driver facilitating growth is the growing adoption of cloud computing by organizations. Organizations worldwide adopt cloud computing technologies to reduce costs associated with managing enterprise IT infrastructure. Also, with the adoption of cloud computing services, end-users can concentrate more on organizational core activities rather than on managing applications. Further, enterprises can establish a rapid deployment model, which enables applications to be scaled quickly to match increasing usage requirements.

Further, the report states that increasing data security concerns will pose a significant challenge for this market. Data security concerns remain an issue for organizations as business data are critical. Though cloud service providers implement the best security standards and industry certifications, storing data and important files on external service providers always opens up risks.

Global SaaS-based IT Security Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global SaaS-based IT security market: Cisco, IBM, Intel Security (McAfee), and Symantec.

Other Prominent Vendors in the market are: Alert Logic, Barracuda Networks, CA Technologies, CipherCloud, CloudPassage, Credant Technologies, CYREN, Forcepoint, Fortinet, LogRhythm, Panda Security, Phantom Technologies, Proofpoint, Radware, SafeNet, SecureAuth, Sophos, Symplified, Trend Micro, Trustwave, WatchGuard Technologies, and Zscaler.

Market driver
- Rise of BYOD concept
- For a full, detailed list, view our report

Market challenge
- Data security concerns
- For a full, detailed list, view our report

Market trend
- Growing popularity of managed security service providers
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 71 pages and 33 Exhibit "Global SaaS-based IT Security Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by service, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

For more information Visit at: http://www.marketresearchreports.com/technavio/global-saas-based-it-security-market-2016-2020

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