DUBLIN, July 14, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global IT Security-as-a-Service 2016-2020" report to their offering.
The global IT security as a service market to grow at a CAGR of 19.1% during the period 2016-2020.
The report covers the present scenario and the growth prospects of the IT security as a service market for 2016-2020. To calculate the market size, the analyst considers the revenue generated from the total consumption of IT security as a service globally. The report does not include revenue generated from the aftermarket service of the product.
A key trend which is boosting market growth is the growing adoption of SMAC technology among workforces. The ubiquity of mobile devices and social networking platforms in the workplace allows employees to function remotely and communicate effectively during an emergency. Increased use of SMAC technology has exposed organizations to data leakage and data breach situations due to authentication misuse. IT security as a service helps organizations to implement secure computing with multiple layers of secure authentication.
According to the report, a key growth driver is the increased need for mobile security. The penetration level of security platforms and necessary security tools among users of mobile platforms is very low due to the lack of awareness about the importance of antiviruses on mobile devices. Therefore, a large number of companies have not yet established a consistent practice of subscribing mobile device endpoint protection software and services. There will be a considerable shift from PCs to mobile security during the forecast period due to growing popularity of BYOD policies and mobile security. We expect several business opportunities to emerge on mobile platform by that time.
Further, the report states that a major factor that could hamper market is the growing concerns over data mismanagement Although cloud-based security service providers offer best security services for data, they are not transparent about the data location. To provide security to data, providers process and encrypt the client's data. At the same time, this might create an ambiguous picture about the vendor selection and concerns over data security. There are many factors associated with data security.
- Blue Coat
- Intel Security
Other prominent vendors
- Alert Logic
- Barracuda Networks
- BT Global Services
- CA Technologies
- CGI Group
- CheckPoint Software Technologies
- Computer Sciences
- FishNet Security
- NTT Com Security
- Panda Security
- Trend Micro
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by products
Part 07: Market segmentation by end-user
Part 08: Geographical segmentation
Part 09: Market drivers
Part 10: Impact of drivers
Part 11: Market challenges
Part 12: Impact of drivers and challenges
Part 13: Market trends
Part 14: Vendor landscape
Part 15: Key vendor analysis
Part 16: Appendix
For more information visit http://www.researchandmarkets.com/research/zbh8fc/global_it
Research and Markets
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SOURCE Research and Markets