Global SaaS security market outlook

On-premise applications are replaced due to the rapid growth of SaaS applications. SaaS application offers cost optimization benefits along with high automation and scalability, and reduces infrastructural and maintenance cost. Technavio’s market research report has identified increasing use of SaaS application among enterprises as one of the primary factors that will boost the SaaS security market growth in the coming years. With the adoption of SaaS applications, the enterprises can secure operations and confidential data from other companies. The enterprises are investing heavily in SaaS solutions to solicit rapid ROI. These applications help free organizational resources, owing to which, the enterprises are focusing more on their core services. The security as a service market research report predicted that this industry will grow steadily at a CAGR of more than 22% by 2022.

The declining cost of wearable technology is one of the key SaaS security market trends contributing to the growth of the industry. SaaS security vendors are focusing on enhancing SaaS security portfolio by integrating AI technology. With the integration of artificial intelligence (AI), adaptive access capabilities and risk monitoring capabilities will increase and help SaaS application with automated threat detection. Whenever a user accesses SaaS application, the risk behavior will be compared by AI with the baseline. Therefore, AI will aid the vendors in enhancing the SaaS security to increase the adoption of SaaS security among the vendors.

Companies covered

As per the SaaS security industry analysis report, the market appears to be fragmented owing to the presence of several players. This industry research report provides detailed information about the competitive environment among the players in this market space. Moreover, our analysts also provide strategies that the vendors should follow and the areas they should focus on to improve their market shares and sustain the market’s competitive environment.

Some of the companies covered in this market research report are –

• Cisco Systems
• McAfee
• Symantec

Segmentation by end-user type and analysis of the SaaS security market

• BFSI
• Healthcare
• Government

Our market research analysts have predicted that based on end-user segments, the BFSI sector will account for the maximum share of the SaaS-based IT security market during the next few years. The growing digitization and the availability of a huge customer data over cloud is driving the growth of the market in this segment.

Geographical segmentation and analysis of the SaaS security market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, the Americas was the major revenue contributor to the SaaS-based IT security market during 2017. Our analysts have predicted that this region will offer the maximum growth opportunities to players in this marketspace throughout the forecast period.

Key questions answered in the report include

• What will the SaaS security market size and the growth rate be in 2022?
• What are the key factors driving the global SaaS security market?
• What are the key SaaS security market trends impacting the growth of the market?
• What are the challenges to market growth?
• Who are the key vendors in the global SaaS security market?
• What are the market opportunities and threats faced by the vendors in the global SaaS security market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global SaaS security market?

Technavio also offers customization on reports based on specific client requirement.