The 2018 Global Security as a Service Market (SECaaS); Set to Reach $14.55 Billion by 2023 - ResearchAndMarkets.com
The Security as a Service (SECaaS) Market was valued at USD 5,950 million in 2017, and it is expected to reach a value of USD 14,555 million by 2023, growing at a CAGR of 16.3% over the forecast period (2018-2023).
- The Security as a Service (SECaaS) Market was valued at USD 5,950 million in 2017, and it is expected to reach a value of USD 14,555 million by 2023, growing at a CAGR of 16.3% over the forecast period (2018-2023).
- Increasing dependence on advanced security, a growth of the BYOD initiative among organizations, and rise in the demand for cloud-based security are set to boost the growth of the global SECaaS market.
- Furthermore, major organizations are advancing to shift from traditional security to cutting-edge security to protect the critical assets from potential threats.
- Cloud-based security deals with advanced security measures, securing an organization's hardware, software, network, applications, as well as endpoint devices.