2014-01-30 05:41:01 - Global Security SaaS Market 2012-2016 - a new market research report on companiesandmarkets.com
The Global Security Software as a Service (SaaS) market is to grow at a CAGR of 13.7percent over the period 2012-2016. One of the key factors contributing to this market growth is the ability of security SaaS solutions to reduce the total cost of ownership for key end-users of the market. The Global Security SaaS market has also been witnessing increased R&D spending by key vendors of the market. However, the increasing complexity of network infrastructure could pose a challenge to the growth of this market.
One of the main trends witnessed in the Global Security SaaS market is the increased R&D spending by vendors. In recent years, the vendors in the Global Security SaaS market have increased their R&D spending
on IAM solutions. Leading vendors such as Symantec, Trend Micro, McAfee Inc., and CA Technologies have increased their investment in the R&D of security SaaS solutions. Moreover, they are partnering with suppliers and value-added resellers for investing significantly in the R&D process. The increased focus on R&D and the establishment of partnership networks is helping vendors to introduce inexpensive and advanced solutions for customers. Further, the focus on R&D is helping vendors to introduce products with more accuracy and better integration ability. Thus, high accuracy, lower price, and better integration ability are the main factors that are paving the way for the higher adoption of security SaaS solutions. Thus, the trend of increasing spending on R&D is expected to augur well for the growth of the market.
One of the main factors driving the market is need to reduce total cost of ownership. The implementation of security SaaS provides reduces costs related to hardware, software, licenses, and renewal fees for the enterprises. Security SaaS are less expensive than the traditional security solutions as they are provided by third-party suppliers on a subscription basis, thereby reducing the overall cost of deployment.
One of the main challenges is the increasing complexity of network infrastructure. The enterprise network infrastructure in an organization is the combination of various security solutions. Moreover, the compatibility issues that arise among security solutions sourced from different vendors increases the complexity of the network infrastructure.
The key vendors dominating this space include CA Technologies Inc., McAfee Inc., Symantec Corp., and Trend Micro Inc.
The other vendors mentioned are Awareness Technologies Inc., CipherCloud Inc., CloudPassage Inc., Commtouch Software Ltd., CREDANT Technologies Inc., Dome9 Security Ltd., HyTrust Inc., IBM Corp., Novell Inc., Okta Inc., Panda Security S.L., ProofPoint Inc., SafeNet Inc., SecureAuth Corp., Symplified Inc., ThreatMetrix Inc., Vyatta Inc., WhiteHat Security Inc., and Zscaler Inc.
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