The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

As per The Business Research Company’s Security As A Service Global Market Report 2024, the security as a service market is expected to show significant growth in the forecast period.

Growth Trajectory

• Market size increased from $14.45 billion in 2023 to $15.94 billion in 2024.
• Compound annual growth rate (CAGR) of 10.3%.
• Historical growth driven by cost-effective security solutions, regulatory compliance, and remote workforce challenges.

Anticipated Expansion

• Expected to reach $26 billion in 2028.
• CAGR of 13.0%.
• Forecast growth attributed to automated incident response, user identity management, and application security.
• Major trends include threat intelligence, endpoint security, and behavioral analytics.

Cloud-Based Services: Catalyst for Market Growth

• Adoption of cloud-based services surged due to COVID-19 and lockdowns.
• SMEs increasingly rely on cloud services, heightening vulnerability to cyber-attacks.
• Investments in cloud-based security services to protect sensitive data.
• Predicted global workforce adoption of cloud services to reach 80% by 2025.

Key Players Enhancing Security Offerings

HCLTech Cloud Security Launch

• HCLTech introduces Cloud Security as a Service on AWS.
• Addresses cybersecurity across AWS and on-premises environments.
• Offers threat detection, network protection, data security, and compliance solutions.

Inspira Enterprise Acquisition

• Inspira acquires Al Gebra Security & Solutions Pvt Ltd.
• Enhances identity access and cloud security management.
• Aims to fortify security architecture, reduce data breaches, and manage user identities.

Market Segmentation

• Component: Solution, Service
• Application: Network Security, Endpoint Security, Application Security, Cloud Security, Others
• Organization Size: SMEs, Large Enterprises
• End User: BFSI, Telecom & IT, Healthcare, Retail, Manufacturing, Government, Others

Regional Insights

• North America: Largest market in 2023.
• Asia-Pacific: Fastest-growing region in the forecast period.

View More On The Security As A Service Market Report 2024 –
https://www.thebusinessresearchcompany.com/report/security-as-a-service-global-market-report

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The Security As A Service Global Market Report 2024  provides an in-depth analysis on the security as a service market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the security as a service market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –

Application Security Global Market Report 2024

Security And Vulnerability Management Global Market Report 2024

Cloud Security Global Market Report 2024

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