According to a new report, published by KBV research, The Global Information Technology (IT) Security as a Service Market size is expected to reach $37.4 billion by 2030, rising at a market growth of 12.5% CAGR during the forecast period.
IT security services are designed to scale based on the changing needs of organizations. Whether a business is experiencing growth or facing temporary fluctuations in demand, IT security as a service provides the flexibility to adjust security measures accordingly. Traditional on-premises security solutions often involve lengthy implementation processes. In contrast, IT security as a service can be rapidly deployed, allowing organizations to quickly strengthen their cybersecurity measures and respond to emerging threats without delays.
The BFSI segment is generating highest revenue in the Global Information Technology (IT) Security as a Service Market by End User in 2022; thereby, achieving a market value of $11.8 billion by 2030. IT security as a service provides robust data protection measures to safeguard sensitive customer information, financial transactions, and other confidential data within the BFSI segment. In IT security services, advanced threat detection and prevention capabilities help identify and mitigate potential financial fraud attempts targeting the BFSI segment.
The Endpoint Protection segment is experiencing a CAGR of 11.5 % during (2023 - 2030). Endpoint protection provides comprehensive threat protection against a wide range of cyber threats, like malware, ransomware, viruses, and other malicious activities targeting endpoints. Endpoint protection solutions often include real-time threat detection capabilities. They continuously monitor endpoint activities and respond promptly to emerging threats. Zero-day assaults approach security vendors who are unaware of vulnerabilities.
Full Report: https://www.kbvresearch.com/information-technology-security-as-a-service-market/
The North America region dominated the Global Information Technology (IT) Security as a Service Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $12.0 billion by 2030. The Europe region is anticipated to grow at a CAGR of 12.3% during (2023 - 2030). Additionally, The Asia Pacific region would witness a CAGR of 13.2% during (2023 - 2030).
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