Europe
Europe comprises major growing economies, such as the UK, France, and Germany. The security as a service market is likely to be witnessing tremendous growth opportunities in this region, with the major players aiming on expanding their presence in various verticals, such as retail, BFSI, and healthcare. Quite similar to North America, enterprises in Europe have been indicating a progressive growth in the implementation of security as a service solutions, due to the presence of a large number of security vendors and provision of substantial IT budgets. The growing need for strong security measures and compliance management, owing to the increase in internet usage and online applications, has made the European region more lucrative for the security as a service vendors. The European Commission has placed policies related to cloud deployment, resulting in a change in demand to companies deploying cloud-based security as a service solutions in order to meet these policies. The region is active in building agencies such as the ENISA, the European Computer Emergency Response Team (CERT-EU), and Network and Information System (NIS) to upsurge the involvement of the private sector.