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.
Cyber security is one of the most talked about topic these days. With the advancement of the technology, the internet has made its place on the top of the priority list of everyone.
Recently, a new study based on the global market scenario of cyber security as a service has been added to the broad database of Market Research Hub (MRH), which is headed as “Cyber security as a Service Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025”. This 212-page study is very useful for the readers who wish to explore the cyber security market in great detail and understand its market dynamics as it analyzes and forecasts the market from 2017 to 2025 by sharing key insights for new entrants and existing players.
Market Dynamics and Forecast Assumptions
As the 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. According to the findings, the global market for cyber security as service has expanded at a promising pace in the past few years and further continues to witness massive push in coming years.
This is because small-sized and medium-sized enterprises are demanding cost-effective and reliable cyber security solutions.
Considering the growing demand for effective solutions, several companies are engaged in presenting cyber security solutions and services. 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.
As per the latest study evaluations, the global cyber security as a service market will exhibit a promising 12.5% CAGR over the period between 2017 and 2025. The rising number of devices connected to the internet and a vast surge in adoption of trends such as bring your own device (BYOD) are anticipated to drive the cyber security as a service market.
On the basis of geography, the market has been analyzed in some prime region such as Europe, APAC, North America, MEA and South America. Of these, North America accounts for a dominant share in overall market.
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Moving further, a detailed segmental analysis has been offered in which the research has been categorized on the basis of service type, platform, security type, enterprise and end-use. It has been analyzed that auditing and logging services are estimated to remain key contributor of revenue to global market.
Based on end-use segment the market has been categorized into BFSI, IT and Telecom, retail, healthcare, defense/government, automotive and others.
The last part of the report comprises the competition landscape, which features important players operating in the global cyber security as a service market and contains important information about these companies. They are Capgemini, LookingGlass Cyber Solutions, Inc., Armor Defense Inc., FireEye, Inc., AT&T, BAE Systems, BlackStratus, Choice CyberSecurity, Transputec Ltd, Cloudlock (Cisco), Optiv Security Inc.
and Tata Consultancy Services Limited.
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