Security as a Service Market Analysis and Scope (2023 to 2028)
Security as a Service Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2022 | US$ 13.71 Billion |
Market Size by 2028 | US$ 34.85 Billion |
Global CAGR (2022 - 2028) | 16.8% |
Historical Data | 2020-2021 |
Forecast period | 2023-2028 |
Segments Covered |
By Component
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Alert Logic, Inc., Barracuda Networks, Inc., IBM Corporation, McAfee LLC, Microsoft Corporation, Radware, Trend Micro Incorporated, Clearswift, Silversky, Zscaler, Inc. are the key Security as a Service market players.
Market players are strongly focusing on mergers and acquisitions. Here is a snapshot of the recent developments in the Security as a Service market:
- In 2022, HelpSystems announced its plans to acquire Alert Logic to provide customers with a hybrid IT approach to address the shortage of cybersecurity skills.
- In 2022, IBM Corporation announced its plans to acquire Randori, a provider of offensive cyber protection and attack surface management. IBM intends to combine Randori's software with the extended detection and response (XDR) features of IBM Security QRadar, according to ITPro.