TechNavio recognizes the following companies as the key players in the Global Security SaaS Market: CA Technologies Inc., McAfee Inc., Symantec Corp., and Trend Micro Inc.
Commenting on the report, an analyst from TechNavio’s team said: “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.”
According to the report, 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.
Further, the report states that 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 report also includes a discussion of the other vendors operating in this market. The other vendors in the market 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.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-security-saas-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/it-hardware-software-services
Follow us on Twitter @ Technavio
TechNavio Announces the Publication of its Research Report -Global Security SaaS Market 2012-2016
