Albany, NY -- (SBWIRE) -- 07/06/2016 -- 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 global SaaS-based IT security market to grow at a CAGR of 22.38% during the period 2016-2020. 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

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Technavio's report, 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 vendors
- Cisco
- IBM
- Intel Security (McAfee)
- Symantec

Other prominent vendors
- Alert Logic
- Barracuda Networks
- CA Technologies
- CipherCloud
- CloudPassage
- Credant Technologies

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

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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?

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