Security as a Service Market Worth $23.8 Billion by 2026

Northbrook, IL -- (SBWIRE) -- 10/26/2021 -- According to a new market research report "Security as a Service Market by Component (Solution and Service), Application (Network Security, Endpoint Security, Application Security, and Cloud), Organization Size (SMEs, Large Enterprises), Vertical, and Region - Global Forecast to 2026" published by MarketsandMarkets™, the Security as a Service Market size expected to grow from USD 12.4 billion in 2021 to USD 23.8 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 13.8% during the forecast period. The key growth driver of the security as a service market are mandates to follow regulatory and data protection laws, increase in demand for cloud-based security solutions among SMEs, and high cost and risks in managing on-premises security solutions.