Global IT Security-as-a-Service Market 2016-2020

Overview of the global information technology (IT) security as a service market

Technavio’s market research analysts estimate the global information technology (IT) security as a service market to grow at a CAGR of around 19% by 2020. One of the primary drivers for this market is the voluminous growth of organizational data. The rise in cloud services has increased the use of cloud technologies for data storage and backup functions. However, this has created a number of problems for enterprises in terms of costs and technicalities of cloud storage or backup systems. Hence, the growing need for secure disaster recovery, data backup, and fewer occurrences of data intrusion and losses will augment the adoption of IT security as a service during the forecast period.

At present, a significant trend being witnessed in the IT security as a service market is the rising investment in web and email security. IT security as a service includes security solutions such as security event monitoring and content security. However, the increased preference for network security is expected to result in the surging demand for vulnerability management and policy or compliance-related solutions in the coming years. Compliance-related security offerings such as compliance and policy assessments and security benchmarking will also observe high demand growth during the forecast period.

Segmentation by products and analysis of IT security as a service market

• Email encryption
• Endpoint protection
• Data loss prevention
• Event monitoring
• Information security
• IAM