“Security as a Service Market by Solution (Email Encryption, SIEM, IAM, Endpoint Protection, IDS/IPS, Data Loss Prevention, WAF, DDoS and Others), by Service, by Application, by Organization Size, by Vertical, by Region – Global Forecast to 2020”, The SECaaS market size is estimated 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%.
With an increasing Bring Your Own Device (BYOD) trend among organizations, the need for SECaaS solutions is growing rapidly across the globe. The rapid growth in the IT infrastructure of a business has given rise to new and sophisticated threats like zero-day malware, Trojans, and advanced persistent threats which can put an organization’s critical data at risk. This has encouraged organizations to deploy could-based security solutions to safeguard their networks, cloud, and endpoints against potential cyber-attacks. Furthermore, organizations are looking forward to shifting from traditional security to advanced security to protect the critical assets from potential threats. Cloud-based security offers advanced security measures securing an organization’s network, hardware, software, applications as well as endpoint devices.
- Increased agility. As the number of VMs expands contracts or moves (between physical facilities, and possibly cloud providers) the security level is maintained. This is because SECaaS agents are generally configured to reach back to the ‘mothership’ on activation.
- Reduced complexity. No need to deploy lots of different security tools into the environment and thereby add complexity.
- Security staff. In 2017, according to ESG Research, 46% of organizations reported a shortage of cybersecurity skills in their staff. SECaaS solutions can help to increase the skill sets of junior security administrators by providing a single pane of glass view of the security functions within the environment. SECaaS providers are working towards making policy setting tools more intuitive, thus making it easier for a limited size and/or skilled staff to be more effective.
- Consolidated control. Offloading of security policy creation and security management to a consolidated management point, that itself is managed and secured by a trusted external partner. This requires that trust and partnership be present in the relationship with the SECaaS provider.
- Ransomware Mitigation
- Threat Analysis – Local / Cloud
- Malware / Virus Protection
- Industrial Protection
- Anti DDoS Services
- Mobile Security
- Web Application Firewall
- Server Guard
- SSL Certificates
- Cyber Security
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