SaaS Security Market 2021

 

 

Increasing Adoption of SaaS Platforms by Small and Medium Enterprises Anticipated to Drive SaaS Security Market to Generate Revenues up to US$ 6895.25 Mn by 2022

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.

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Major Key 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.

Key Findings of the Report:

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.

Market Segmentation

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

Others

Market By Region

North America

U.S.

Rest of North America

Europe

France

The UK

Spain

Germany

Italy

Rest of Europe

Asia Pacific

China

Japan

India

Southeast Asia

Rest of Asia Pacific

Middle East and Africa

GCC Countries

Southern Africa

Rest of Middle East and Africa

Latin America

Brazil

Rest of Latin America

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Shreyas Tanna

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Absolute Markets Insights

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