|By Business Wire||
|March 6, 2014 11:28 AM EST||
Research and Markets (http://www.researchandmarkets.com/research/fpkhg9/global_security) has announced the addition of the "Global Security SaaS Market 2012-2016" report to their offering.
The analysts forecast the Global Security Software as a Service (SaaS) market to grow at a CAGR of 13.7 percent 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.
The key vendors dominating this space include CA Technologies Inc., McAfee Inc., Symantec Corp., and Trend Micro Inc.
The other vendors mentioned in this report 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.
Commenting on the report, an analyst from the 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.
For more information visit http://www.researchandmarkets.com/research/fpkhg9/global_security
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