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Global SaaS Security Market - Increasing Use of AI to Boost Growth | Technavio
[February 04, 2018]

Global SaaS Security Market - Increasing Use of AI to Boost Growth | Technavio


The global SaaS security market is expected to grow at a CAGR of more than 22% during the period 2018-2022, according to a new market research study by Technavio.

This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20180204005049/en/

Technavio has published a new market research report on the global SaaS security market from 2018-20 ...

Technavio has published a new market research report on the global SaaS (News - Alert) security market from 2018-2022. (Graphic: Business Wire)

The report categorizes the global SaaS security market by service (IAM authentication, e-mail security, web-security, SIEM, and others), by end-user (BFSI, healthcare, government, and others) . The report also determines the geographic breakdown of the market in terms of detailed analysis and impact, which includes key geographies such as APAC, the Americas, and EMEA.

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Market driver: increasing use of SaaS application among enterprises

SaaS applications are experiencing a steady growth among enterprises by replacing on-premise applications. SaaS applications help organizations save infrastructural and maintenance cost. It also supports high automation and scalability, apart from giving cost optimization benefits. As enterprises begin to understand the benefits of SaaS applications, they are more likely to adopt SaaS applications as it helps free organizational resources and enables them to concentrate on their core services. This increased adoption of SaaS applications to reduce operational cost and improve efficiency will encourage vendors to invest in SaaS security. Hence, this will drive the SaaS security market.

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Market trend: increasing use of AI for SaaS security

SaaS security vendors are planning to add AI technology to improve SaaS security portfolios. Incorporating AI will add new adaptive access capabilities, risk monitoring capability, and help SaaS applications with automated threat detection. AI will have built-in user behavior analytics (UBA) engine, which will establish a unique historical baseline, such as Microsoft (News - Alert) Office 365, Box, and others, for every user and SaaS application.

"Every time a user accesses the SaaS application, the AI will compare that with a baseline to check for any anomaly or risky behavior. If an anomaly or risky behavior is found, then AI will write an incident response through integration with third-party ticketing and incident management systems. Hence, AI will help vendors in improving SaaS security. Thus, it will lead to the growth of the SaaS security market among SaaS vendors," says a senior analyst at Technavio for IT security research.

Market challenge: lack of network infrastructure

As the effects of SaaS security solutions are based on the availability and quality of the network infrastructure, one of the major requirements for efficient performance of SaaS security solutions is a strong and robust network infrastructure. However, developing regions and even some parts of the developed regions are still plagued with weak network infrastructure, which hampers the performance of SaaS security solutions, making SaaS application vulnerable to cyber-attacks. Thus, despite the technological advances of SaaS security solutions, the improper infrastructure may result in latency issues.

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Some of the major contributors in the global SaaS security market:

  • Cisco (News - Alert) Systems
  • McAfee
  • Symantec

Get a sample copy of the global SaaS security market free of cost

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About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.


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