Security As a Service Market - Industry Analysis, Market Size, Share, Trends, Growth And Forecast 2021 - 2026
Security as a Service Market size was valued at US$ 8.95 billion in 2020, and it is estimated to grow at CAGR 15.45% during 2021-2026 . The major factors driving the growth of the Security as a Service Market are the high adoption of cloud security services, IoT connected devices, increased implementation of bring-your-own-device trend and work-from-home model; has led to the increasing number of data breaches over the past few years. This, along with exponential growth in sensitive organizational data has contributed to a rise in security concerns and is pushing enterprises to take advanced approaches to defend their networks from threats. The rising adoption of vulnerability management by enterprises for prioritizing potential threats and minimize security vulnerabilities in system and software has contributed to the growth of the market. Furthermore, stringent government policies such as the cybersecurity act in Europe introduced a cybersecurity certification fram...