Bharat Book Bureau Provides the Trending Market Research Report on “Cybersecurity-as-a-Service Market by Application (Network Security, Cloud Security, Endpoint Security, Application Security), Organization Size, Sector (BFSI, IT & Telecommunications, Retail, Healthcare), and Geography—Global Forecast to 2030” under the Services Market Research Report Category. The report offers a collection of superior Market research, Market analysis, competitive intelligence, and Market reports.
‘Cybersecurity-as-a-Service Market by Application (Network Security, Cloud Security, Endpoint Security, Application Security), Organization Size, Sector (BFSI, IT & Telecommunications, Retail, Healthcare), and Geography—Global Forecast to 2030.’
The research report titled ‘Cybersecurity-as-a-Service Market by Application (Network Security, Cloud Security, Endpoint Security, Application Security), Organization Size, Sector (BFSI, IT & Telecommunications, Retail, Healthcare), and Geography—Global Forecast to 2030’ provides an in-depth analysis of Cybersecurity-as-a-Service market in five major geographies and emphasizes on the current market trends, market sizes, market shares, recent developments, and forecasts till 2030.
The global Cybersecurity-as-a-Service Market is projected to reach $46.6 billion by 2030, at a CAGR of 17.5% during the forecast period of 2023–2030. The growth of the Cybersecurity-as-a-Service market is being driven by several factors, including the increasing significance of cybersecurity in the banking sector, the growing number of data breaches and cyber-attacks, the rising trend of BYOD (bring your own device) in enterprises, and government initiatives aimed at encouraging the adoption of cybersecurity solutions. Furthermore, the increasing adoption of cloud security solutions among SMEs and the healthcare sector's growing adoption of Cybersecurity-as-a-Service solutions are expected to create growth opportunities in the market.
The Cybersecurity-as-a-Service market is segmented by application (network security, cloud security, endpoint security, application security, and other security applications), organization size (large enterprises, small & medium-sized enterprises), and sector (BFSI, IT & telecommunications, retail, manufacturing, healthcare, government, energy & utility, and other sectors). The study also evaluates industry competitors and analyzes the market at the regional and country levels.
Based on organization size, the Cybersecurity-as-a-Service market is segmented into large enterprises and small & medium-sized enterprises. In 2023, the large enterprises segment is expected to account for the larger share of the Cybersecurity-as-a-Service market. The large market share of this segment is attributed to the strong IT infrastructure of large enterprises, the management Cybersecurity-as-a-Service platforms by skilled IT personnel, and the growing adoption of advanced technologies such as cloud, AI, and machine learning. However, the small & medium-sized enterprises segment is slated to register the highest CAGR during the forecast period.
Based on application, the Cybersecurity-as-a-Service market is segmented into network security, application security, cloud security, endpoint security, and other security applications. In 2023, the network security segment is expected to account for the largest share of the Cybersecurity-as-a-Service market. The large market share of this segment is attributed to the rising data and security breaches, the growing demand for filtering and monitoring network traffic, the growing number of malware attacks on enterprise networks, and the increasing need to protect connected network infrastructure. However, the cloud security segment is slated to register the highest CAGR during the forecast period.
Based on geography, the global Cybersecurity-as-a-Service market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2023, North America is expected to account for the largest share of the global Cybersecurity-as-a-Service market. North America’s large market share is attributed to the growing demand for cloud-based cybersecurity solutions, the growing adoption of advanced technologies, and the surging usage of Cybersecurity-as-a-Service in the BFSI and retail sectors. However, Asia-Pacific is projected to register the highest CAGR during the forecast period.
The key players operating in the Cybersecurity-as-a-Service market are Forcepoint LLC. (U.S.), Trend Micro Incorporated. (Japan), Foresite Cybersecurity Inc. (U.S.), Fortinet, Inc. (U.S.), Zscaler, Inc. (U.S.), Okta, Inc. (U.S.), Radware Ltd. (Israel), Qualys, Inc. (U.S.), CrowdStrike Holding, Inc. (U.S.), IBM Corporation (U.S.), Happiest Minds Technologies Limited. (India), Stratejm Inc. (Canada), Guidepoint Security LLC. (U.S.), Alert Logic, Inc. (U.S.), and Sophos Ltd. (U.K.).
Key questions answered in the report-
•Which are the high-growth market segments in terms of application, organization size, and sector?
•What is the historical market for Cybersecurity-as-a-Service across the globe?
•What are the market forecasts and estimates for the period of 2023–2030?
•What are the major drivers, restraints, and opportunities in the global Cybersecurity-as-a-Service market?
•Who are the major players in the global Cybersecurity-as-a-Service market, and what share of the market do they hold?
•Who are the major players in various countries, and what share of the market do they hold?
•How is the competitive landscape?
•What are the recent developments in the global Cybersecurity-as-a-Service market?
•What are the different strategies adopted by the major players in the global Cybersecurity-as-a-Service market?
•What are the geographical trends and high-growth countries?
•Who are the local emerging players in the global Cybersecurity-as-a-Service market, and how do they compete with the other players?
Cybersecurity-as-a-Service Market Assessment, by Application
•Network Security
oNetwork Access Control
oData Loss Prevention
oIntrusion Detection and Prevention System (IDS/IPS)
oSecure Web Gateway
oOther Network Security Applications
•Endpoint Security
oEndpoint Detection and Response
oAntivirus/Antimalware
oFirewall
oOther Endpoint Security Applications
•Cloud Security
oIdentity and Access Management
oBusiness Continuity and Disaster Recovery
oSecurity Information and Event Management
oIntrusion Detection and Prevention System (IDS/IPS)
oData Loss Prevention
oRisk and Compliance Management
oCloud Access Security Broker
oContainer Security
oOther Cloud Security Applications
•Application Security
•Other Security Applications
Cybersecurity-as-a-Service Market Assessment, by Organization Size
•Large Enterprises
•Small & Medium-sized Enterprises
Cybersecurity-as-a-Service Market Assessment, by Sector
•BFSI
•IT & Telecommunications
•Retail
•Manufacturing
•Healthcare
•Energy & Utility
•Government
•Other Sectors
Cybersecurity-as-a-Service Market Assessment, by Geography
•North America
oU.S.
oCanada
•Europe
oGermany
oU.K.
oFrance
oItaly
oSpain
oRest of Europe
•Asia-Pacific
oJapan
oChina
oIndia
oSouth Korea
oSingapore
oRest of Asia-Pacific
•Latin America
oBrazil
oMexico
oRest of Latin America
•Middle East & Africa
oUAE
oIsrael
oRest of the Middle East & Africa
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