Global Cyber security as a Service Market: Snapshot
In the current times when digitalization of operations and internal networks has become the prime agenda of enterprises across all industries globally, cyber security has become an important part in every industry due to complex network environments, advanced technology adoption, and growing IT infrastructure. It has been observed in the past few years that the number of cyber-attacks has substantially increased, which, in turn, is compelling enterprises to be equipped with effective cyber security solutions and services to ensure security of digital resources and a smooth workflow.
Cyber security as a service is a combination of practices and processes employed to protect systems, networks and data from breaches, attacks and unauthorized access. Cyber security as a service for organizations is an operating expense (Opex) rather than capital expense (Capx) and it manages network security, confidential data protection and enables organizations to respond to incidents taking place immediately. The market has expanded at a promising pace in the past few years and continues to witness massive push as even small- and medium-sized enterprises are demanding cost-effective and reliable cyber security solutions. With millions of small- and medium-sized companies already existing globally and more coming up rapidly, the demand for effective cyber security modules such as cyber security as a service is also expected to rise at an unprecedented pace in the near future.
According to the report, the global cyber security as a service market will exhibit a promising 12.5% CAGR over the period between 2017 and 2025.
Network Security Services and Solutions to Witness Maximum Demand
Cyber security as a service market is segmented on the basis of service type, security type, platform, enterprise size and end-use industry. Based on service type, the market is categorized into threat intelligence and behavior analysis service, auditing and logging service, and monitoring and altering service. Of these, the segment of auditing and logging services is anticipated to witness growth at the most promising pace over the report’s forecast period.
Based on security type, the global cyber security as a service market is segmented into enterprise, endpoint, cloud, network, and application security. Among these, the segment of network security is anticipated to observe decent growth in terms of revenue during the forecast period. This is primarily due to rising demand for the network security across the industries to maintain the flow of operations over the network and use of network security solutions by small and medium enterprises.
Asia Pacific and Europe to Show Healthy Growth Opportunities as Number of Start-up Companies Rises
Geographically, the market in North America presently accounts for the leading share in the revenue of the global market and is also likely to hold the dominant position over the report’s forecast period. The high level of digitization and the rising number of connected devices in counties such as the U.S. and Canada are expected to remain the key factors working in favor of the cyber security as a service market in North America over the forecast period.
Europe and Asia Pacific markets are also likely to remain highly lucrative owing to the rising numbers of start-ups and government initiatives and regulations concerning cyber security. Increased uptake of cloud services in these regions and the rising threat of cyber-attacks are also likely to compel enterprises in these regions to be equipped with cost-effective and reliable cyber security measures in the near future.
The rising penetration of cyber security as a service has encouraged many regional and global players to make inroads into the market. Some of the leading players in global cyber security as a service market are Armor Defense Inc.,AT&T, BAE Systems, BlackStratus, Capgemini, Choice CyberSecurity, Transputec Ltd, Cloudlock (Cisco), FireEye, Inc., LookingGlass Cyber Solutions, Inc., Optiv Security Inc., and Tata Consultancy Services Limited
Global Cyber security as a Service Market: Overview
This report provides an analysis of the global cyber security as a service market for the period of 2015 to 2025, wherein the period from 2017 to 2025 comprises of the forecast period and 2016 is the base year. Data for 2015 is provided as historical information. The report covers all the major trends and factors playing a major role in the growth of cyber security as a service market over the forecast period. It also highlights various drivers, restraints and opportunities expected to influence the market’s growth during the said period. The report would also provide executive summary, including market overview about the cyber security as a service market. The report also provides industry development of the cyber security as a service market. The study provides a holistic perspective on the market’s growth in terms of revenue (US$ Bn), across different geographical regions namely North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA) and South America (SA). Moreover, geographical regions are further analyzed at granular level across countries. Wherein, North America cyber security as a service market is cross segmented amongst U.S., Canada and Rest of North America. Similarly, Europe is analyzed among countries such as U.K., Germany, France, rest of Europe. The cyber security as a service market for Asia Pacific region includes China, India, Japan and rest of APAC countries. Further, Middle East and Africa region includes countries such as GCC, South Africa and rest of MEA. Under South America region countries analyzed for cyber security as a service market are Brazil and rest of South America.
The report provides ecosystem analysis and Porter’s Five Forces analysis for the cyber security as a service market. The cyber security as a service market data estimates are the result of our in-depth secondary research, primary interviews and in-house expert panel reviews. These market estimates have been analyzed by taking into account the impact of different political, social, economic, technological and legal factors along with the current market dynamics affecting the market growth.
Global Cyber security as a Service Market: Segmentation
Cyber security as a service market is bifurcated by enterprise size; service type; security type, platform, end-use and geography. By security type, the global cyber security as a service market is categorized into threat intelligence & behavior analysis, auditing & logging and monitoring & altering. Based on security type the market is segmented into enterprise, endpoint, cloud and network and application security. Further, platform segment is divided into managed and professional. Moreover, based on enterprise size market is divided into small & medium enterprises and large enterprises. Cyber security as a service market based on end-use segment is categorized into BFSI, IT and Telecom, retail, healthcare, defense/government, automotive and others.
Global Cyber security as a Service Market: Scope of the Report
Scope of the cyber security as a service market study includes market indicator which highlights the parent market overview which supports the growth of sub-segment market growth during forecast period. Comparison matrix is also included for global cyber security as a service market and market positioning is provided for cyber security as a service players. Further, report also includes competitive profiling of the key players associated with the cyber security as a service around the globe. The important business strategies adopted by them, their market positioning, financials, SWOT analysis and recent developments have also been identified in the research report. The competitive landscape section of the report also gives an overview about the major contributing regions/countries by these key players in order to strengthen their market position in the future.
The major companies profiled in cyber security as a service market include Armor Defense Inc., AT&T, BAE Systems, BlackStratus, Capgemini, Choice CyberSecurity, Transputec Ltd, Cloudlock (Cisco), FireEye, Inc., LookingGlass Cyber Solutions, Inc., Optiv Security Inc. and Tata Consultancy Services Limited.
The Cyber security as a Service Market is segmented as below.
By Security Type
- Enterprise Security
- Endpoint Security
- Cloud Security
- Network Security
- Application Security
By Service Type
- Threat Intelligence & Behavior Analysis
- Auditing & Logging
- Monitoring & altering
By Enterprise Size
- Small and Medium Enterprise
- Large Enterprise
By End Use Industry
- IT and Telecom
- Others (education, oil & gas, etc.)
In addition, the report provides analysis of the Cyber Security as a Service Market with respect to the following geographic segments:
- North America
- The U.S.
- Rest of North America
- The U.K.
- Rest of Europe
- Asia Pacific (APAC)
- Rest of APAC
- Middle East and Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA
- South America
- Rest of South America