The author of the report analyzed that the “Global SaaS Security Market” accounted for US$ 2210.57 million in 2017. The enormous growth of cloud application services has changed the way the application services are delivered and brings significant benefits and convenience to the software providers and users. As more and more individuals and enterprises deploy their applications in the SaaS model, concerns about the security and privacy of their information and reliability of the service is becoming the focus of attention.
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Data is one of the most important assets for users which must be kept secured. In SaaS scenario, the data resides in database, which is outside the boundary of the enterprise and depends on the provider for proper security measures. Since multi-tenancy through virtualization is a major feature for SaaS, SaaS security where an isolated environment for each user in which none of them can see each other’s data without permission is a requirement of the highest priority. SaaS security providers identify provider, tenant and enterprise controls, determine residual risk, and obtain business unit acceptance. They are also responsible to perform security reviews during the SaaS life cycle thus ensuring a secure SaaS platform. Data breaches have gained widespread attention as businesses of all sizes become increasingly reliant on digital data, cloud computing, and workforce mobility which is in turn driving the SaaS security market.
Medium Enterprises to be the fastest Growing Segment During the Forecast Period, 2018-2026
The medium enterprises deploy cloud computing solutions as part of their overall business strategy, allowing them to focus on their core business. Organizations may turn to cloud computing services for data processing, storage and backup, to facilitate productivity, for accounting services, for communications, or for customer service and support. The increasing adoption of this cloud-based SaaS platform among medium enterprises is driving the adoption of SaaS security solutions in these organizations.
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North America to Remain the Dominant Region During the Forecast Period, 2018-2026
The presence of a large number of IT solutions providers offering SaaS security platforms in North America has made it the dominant region in terms of revenue. U.S in North America has the largest SaaS security market due to the large-scale adoption of IT security solutions in banking and other financial sectors.
SaaS Security Market is Fragmented with the Presence of Global and Regional Players
Some of the key participants in global market are:- DriveLock SE, Cisco Systems, Inc., Proofpoint, Inc., SecureAuth, Credant Technologies (Dell Technologies), LogRhythm, Inc., Trustwave Holdings, Barracuda Networks Inc., Phantom Technologies LTD, Cyren, Watchguard Technologies, Trend Micro, CipherCloud, Gemalto NV, Symantec Corporation, CloudPassage Halo, McAfee LLC. (Intel Security Group), CA Technologies, IBM, Panda Security S.L. amongst others. In Jan 2017, IBM
Security acquired Agile 3 Solutions, a developer of software used by the C-Suite and senior executives to better visualize, understand and manage risks associated with the protection of sensitive data. The addition of Agile 3 Solutions’ capabilities to IBM Security’s portfolio added an intuitive tool to improve C-Suite decision making as businesses prepare to defend themselves against cybercrime.
SaaS Security Market – By Type
Email Protection, Network Protection, Data Loss Prevention, Web Protection, Identity and Access Protection ,
SaaS Security Market – By Enterprise Size
Small, Medium, Large,
Market By End User
BFSI, Healthcare, Government, Defense,
Communication and Technology
Market By Region, North America, U.S., Rest of North America, Europe,
France, The UK, Spain, Germany,
Italy, Rest of Europe
Rest of Asia Pacific
Middle East and Africa
Rest of Middle East and Africa
Rest of Latin America
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