The global SaaS Security Market size was worth around USD 41.88 Billion in 2023 and is predicted to grow to around USD 92.48 Billion by 2032 with a compound annual growth rate (CAGR) of roughly 9.20% between 2024 and 2032.
With the presence of a large pool of participants, the global SaaS security market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). IBM, CA Technologies, Symantec Corporation, and Gemalto NV are some of the key vendors of SaaS security across the world. These players are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development states the SaaS security market study.
The main SaaS security types available in this SaaS security market are email protection, network protection, data loss prevention, web protection, and identity and access protection. Among them, the demand for identity and access protection is relatively higher and the trend is anticipated to remain so over the next few years, notes the SaaS security market research report.
Deployment Of Cloud Computing Techniques In Various Sectors To Soar Growth
“Growing implementation of cloud computing technologies across myriad sectors such as BFSI, government, healthcare, telecommunications, and defense are predicted to promote SaaS security market trends,” says the author of this study. Apart from this, massive spending on developing cloud computing solutions will contribute substantially towards the SaaS security market price over the coming years. In addition, new technologies such as IoT, Big Data, and AI have mitigated security concerns of the firms, thereby further elevating the SaaS security market surge.
Furthermore, the rise in the data theft and cyber attacks are the major factors that are expected to contribute assiduously towards SaaS security market revenue stream in the coming years.
Growing Necessity For Maintaining Data Security To Augment Regional Growth
Regionally, North America has been leading the worldwide SaaS security market and is anticipated to continue on the dominant position in the years to come, states the SaaS security market study. A large chunk of firms in the region adopting cloud solutions as a result of their beneficial features such as flexibility, automatic software update, disaster recovery, free capital expenditure, and data access from across the globe are the key factors behind the dominance of the North America SaaS security market. The market players such as Google, Microsoft, and Amazon being headquartered in the U.S. are making tremendous efforts in keeping their data and the customers’ information safe and secured through the implementation of the SaaS security solutions in their firms. This has contributed remarkably towards the growth of the SaaS security market in North America.
Some of the major players operating in the SaaS Security Market are:
The report also covers detailed competitive outlook including company profiles of the key participants operating in the global SaaS security industry market. The key players included in this market are -
- Barracuda Networks Inc.
- CA Technologies
- Cipher Cloud
- Cisco
- Cloud Passage
- Credant Technologies
- Cyren
- DriveLock SE
- IBM
- LogRhythm Inc.
- McAfee LLC.
- PandaSecurity
- Phantom Technologies
- ProofPoint6
- SafeNet
- SecureAuth
- Symantec Corporation
- Symplified Trend Micro
- Trustwave
- WatchGuard Technologies
The global SaaS Security market is segmented as follows:
By Type
- Email Protection
- Network Protection
- Data Loss Prevention
- Web Protection
- Identity and Access Protection
By Enterprise
- Small
- Medium
- Large
By End-User
- BFSI
- Healthcare
- Government
- Defense
- Communication and Technology
- Others
By Region
- North AmericaThe U.S.
- EuropeUKFranceGermany
- Asia PacificChinaJapanIndia
- Latin AmericaBrazil
- The Middle East and Africa
About Us:
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Contact Us:
Zion Market Research 244 Fifth Avenue, Suite N202 New York, 10001, United States Tel: +49-322 210 92714 USA/Canada Toll-Free No.1-855-465-4651 Email: [email protected] Website: https://www.zionmarketresearch.com