At A CAGR Of 19.1% IT Security As A Service Global Industry Will Grow Steadily During The Period 2016-2020

(IT-NEWSWIRE.COM, January 21, 2017 ) The global IT security as a service market is growing steadily as cloud services remain the most promising market over the decade. Organizations can reduce risks by virtualizing applications and users, and integrating data leak protection functions into a secure cloud-hosted environment. This enables users to experience an improved traditional environment, while the data remain in on premise end-point.

With growing adoption of bring-your-own-device (BYOD) and chose-your-own-device (CYOD) among organizations, the need for IT security as a service is growing rapidly. The rapid growth in the IT infrastructure of a business has given rise to new and sophisticated threats, such as Trojans, zero-day malwares, and advanced persistent threats, that can put organization's critical data at risk. Enterprises are increasingly adopting managed security services to secure their networks from growing security threats and provide their employees with secured access to confidential information.

Technavios analysts forecast the IT security as a service market to grow at a CAGR of 19.1% during the period 2016-2020.

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Covered in this report
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, Technavio 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.

The market is divided into the following segments based on geography:
APAC
Europe
Latin America
MEA
North America
Technavio's report, Global IT Security-as-a-Service Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Blue Coat
Cisco
IBM
Intel Security
Symantec

Other prominent vendors
Alert Logic
Barracuda Networks
BT Global Services
CA Technologies
CenturyLink
CGI Group
CheckPoint Software Technologies
CipherCloud
Computer Sciences
CYREN
FishNet Security
Fortinet
HP
Microsoft
NTT Com Security
Panda Security
Proofpoint
Radware
Trend Micro
Trustwave
Zscaler

Market driver
Increased need for mobile security
For a full, detailed list, view our report

Market challenge
Concerns over data mismanagement
For a full, detailed list, view our report

Market trend
Growing adoption of SMAC technology among workforces
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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At A CAGR Of 19.1% IT Security As A Service Global Industry Will Grow Steadily During The Period 2016-2020