Houston, TX -- (SBWIRE) -- 11/26/2018 -- Titled "Global Security Service Solution Market Professional Survey Report." The report includes an extensive coverage of the various aspects of the global market. It serves as a reliable business tool for both existing and new players in the market and aids them in formulating business strategies.
The SECaaS market size is expected to grow from USD 3.12 billion in 2018 to USD 8.52 billion by 2022, 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.
The various key SECaaS vendors profiled in the report are: Symantec Corporation, Cisco Systems, Inc., McAfee, Trend Micro, Fortinet, Inc., Panda Security, Cipher Cloud, ZScaler, Inc., Alert Logic, Inc., Radware Ltd.
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The first part of the report encapsulates the scope and the product overview of the global market. The classification and applications come next in the report. In the next sections of the report, the sales in the global Security Service Solution market have been studied in different areas such as North America, Asia Pacific, Europe, the Middle East & Africa and Latin America.
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.
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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.
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Table of Contents
Global Security Service Market Research Report
Chapter 1 Security Service Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Global Market Forecast