The Europe Security as a Service Market would witness market growth of 15.5% CAGR during the forecast period (2018 – 2024).
With the evolution of the telecommunications industry and its inclination towards a digital business model, key players increasingly adopt cloud-based services. This provides a wide range of advantages like cheaper services, additional computing power and easy availability of storage space. Telecom companies offer more affordable, agile and enhanced services by clicking on the cloud model available on the Internet on demand. However more reliance on the cloud is a double-edged sword, given that the threats to hackers and cyber attackers posed by cloud computing are huge.
It is highly likely that telecom companies will possess personal information about individuals such as names, addresses and credit card numbers, which will lead to identity theft and financial loss when hacked. There is also a strong risk that this sensitive information will be misused. The global security as a service market is thriving and it provides the much-needed security to the cloud infrastructure to prevent hacking and misuse of personal data and information from organizations.
Based on Component, the market is segmented into Solutions and services. Based on Application, the market is segmented into Network Security, Endpoint Security, Application Security, and Cloud Security & Others. Based on Organization Size, the market is segmented into large enterprises and SMEs. Based on End User, the market is segmented into BFSI, Telecom & IT, Healthcare, Retail, Manufacturing, Government, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Zscaler, RUAG (Clearswift), Alert Logic, Panda Security S.L., Stratejm Inc., Sentinel Technologies Inc., Happiest Minds Technologies, Intel Corporation (McAfee), Microsoft Corporation, and Fortinet Inc.
Scope of the Study
Market Segmentation:
By Component
By Application
By Organization Size
By End User
By Country
Companies Profiled
Related Report
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Europe Information Technology (IT) Security as a Service Market Size | 2030
Asia Pacific Information Technology (IT) Security as a Service Market Size | 2030
Information Technology (IT) Security as a Service Market Size | Forecast - 2030
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