Global Cyber Security as a Service Market: Global Demand and Analysis & Opportunity Outlook 2033” Research Nester provides a thorough analysis of the competition as well as a comprehensive overview of the global cyber security as a security market, segmented by security type, industry verticals, end user, and region over the forecast period, i.e., 2023-2033.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with a detailed discussion on current and future market trends that are associated with the growth of the global cyber security as a service market.
These analyses help organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future. Additionally, the growth opportunities exposed by the market are poised to gain significant momentum in the next few years.
Market Statistics
· USD 72 billion revenue in 2022
· Record USD 140 billion revenue by 2035
· The market size slated to observe 13% growth rate through 2023-2035
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Cyber security as a service market to find various growth opportunities on account of increasing cybercrime on social media and people’s inadequate understanding of cybercrime, finds Research Nester
The global cyber security as a service market is projected to grow primarily on the back of advances in technology for cyber security services. For instance, the company’s new 6th Gen Intel® Core TM vProTM CPU, built for complete business productivity with up to 2.5 times the output, 3 times the battery life, and a 30 times improvement in graphics performance over a 5year old system1 is the ideal processor for businesses.
The global cyber security as a service market is segmented on the basis of security type into network security, endpoint security, application security, and cloud security. By the end of 2033, the cloud security segment is expected to generate the most revenue by growing at a significant CAGR over the forecast period. Market to grow on account of rising cloud-based solution adoption. By 2025, around 100 zettabytes of data, or almost 50% of all data worldwide is anticipated to be stored on the cloud.
According to recent study by Research Nester, the cyber security as a service market size is anticipated to surpass USD 140 Bn by 2035 and is projected to expand at CAGR of over 13% from 2023 to 2035.
Major players include in the global cyber security as a service market:
· Cisco Systems Inc.,
· IBM Corporation,
· Microsoft,
· Check Point Software Technologies Ltd.,
· Oracle,
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By region, the Asia Pacific cyber security as a services market is anticipated to generate significant revenue by the end of 2033. The expansion of the market is accounted by the robust manufacturing sector and the rising adoption of Internet of Things (IoT).
The research is global in nature and covers a detailed analysis of the cyber security as a service market in North America (U.S., Canada), Europe (U.K., Germany, France Italy. Spain, Hungary, Belgium, Netherlands and Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia Pacific (China, India, Japan, South Korea, Indonesia, Singapore Malaysia, Australia, New Zealand, Rest of Asia Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of the Middle East and Africa).
In addition, an analysis comprising of global cyber security as a service market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities demand future outlook, etc. have also been covered and displayed in the research report.
This report also provides existing competitive scenarios of some of the key players of the global cyber security services as a service market which includes company profiling of Trend Micro Incorporated., Cyber Ark Software Ltd., FireEye., Imperva, ProofPoint, Inc., and others.
The detailed segments and sub-segment of the market are explained below:
By Security Type
Network Security
Endpoint Security
Application Security
Cloud Security
By End-User
Large Enterprises
Small & Medium Enterprises
By Industry Verticals
Aerospace & Defense
BFSI
Public Sector
Retail
Healthcare
IT & Telecom
Energy & Utilities
Manufacturing
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The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials, and recent news and developments. On the whole, the report depicts a detailed overview of the global cyber security as a service market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching for possibilities, and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.
CSaaS is a Cybersecurity Management outsourced model.
Instead of handling it in-house where you may have limited resources and expertise, you typically outsource it to a third party vendor on a pay basis.
The vendor landscape of the global cyber security as a service market is becoming increasingly crowded and competitive, observes Transparency Market Research in a recent report.
Rapid adoption of cyber security as a service across the world has led helped many companies to innovate and develop cyber security solutions and services.
Owing to the increased demand, a large number of start-ups have emerged in the cyber security market in order to establish significant presence in the market.Some of the leading companies in the global cyber security as a service market are AT, Armor Defense Inc., BlackStratus, Capgemini, Choice CyberSecurity, Transputec Ltd, Cloudlock (Cisco), BAE Systems, FireEye, Inc., Optiv Security Inc., LookingGlass Cyber Solutions, Inc., and Tata Consultancy Services Limited.According to the report, the global cyber security as a service market is expected to reach US$87.59 bn in revenue by 2025, rising from US$ 30.91 Bn in 2016.
Request for Custom Research - https://www.transparencymarketresearch.com/sample/sample.php?flag=CR_id=40166High Demand for Auditing and Logging Security Services to Remain Key to Healthy Market ExpansionOf the key cyber security services provided by the market, the segment of auditing and logging is expected to surge during the forecast period.
Auditing and logging applications are used in the organizations to audit unauthorized access performed on internal systems or network and are witnessing an increased uptake across small- and medium-sized enterprises that are increasingly relied upon data saved on cloud networks.Geographically, the market in North America presently dominates the global cyber security as a service market accounting for the dominant share of revenue and is expected to dominate over the forecast period as well.Rising Sophistication of Cyber Attacks Compel Increased Adoption of Cyber Security MeasuresGlobal cyber security as a service market is mainly driven by the increased adoption of cyber security as a service across small- and medium-sized enterprises.
As majority of the cyber-attacks are targeted at small and medium companies due to limited awareness and investment for the cyber security solutions, enterprises are becoming increasingly mindful regarding the need to adopt effective security solutions.
