Cyber Security as a Service Market Sees Steady Growth

  • The cyber security market includes solutions that enable organizations to secure infrastructure and data from harmful cyber threats and vulnerabilities.
  • 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.
  • Because the number of cyber-attacks has substantially increased, enterprises are compelled to be equipped with effective cyber security solutions.

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.

Global Cyber security as a Service Market is expected to grow in the forecast period (2018 – 2025). The cyber security market includes solutions such as security incident management, Unified Threat Management (UTM), risk and compliance management, and Identity and Access Management (IAM) that enable organizations to secure infrastructure and data from harmful cyber threats and vulnerabilities.

Global Cyber security as a Service Market is expected to grow in the forecast period (2018 – 2025).

Market Dynamics

Increase in adoption of mobile devices, and growing reliability on Internet services in industries such as retail, healthcare, BFSI, and energy and utility supplements the market growth. 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. 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.

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Key Players:

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.

The Cyber security as a Service market consists global and regional players including Armor Defense Inc., Transputec Ltd, BAE Systems, Capgemini, BlackStratus, Choice CyberSecurity, Cloudlock (Cisco), FireEye Inc., LookingGlass Cyber Solutions Inc., AT&T, Optiv Security Inc., and Tata Consultancy Services Limited among others.

Market Segmentation

The Cyber security as a Service market is bifurcated on the basis of user type, services, solutions, deployment type, industry verticaland region. Cyber security as a Service market by region segmented into North America, Europe, Latin America, Asia-Pacific and Middle East & Africa. In 2017, Asia-Pacific is expected to dominate due 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.

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