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Cybersecurity as a Service Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016–2024

Zion Market Research, the market research group announced the analysis report titled 'Cybersecurity as a Service Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016–2024'.


Sarasota, FL -- (SBWIRE) -- 06/29/2018 -- Global Cybersecurity as a Service Market: Overview

In the recent times when internal networks and digitalization of operations is becoming the main outline of enterprises all over the industries worldwide, cybersecurity is likely to become a significant part in all sectors owing to complex network surroundings, growing IT infrastructure, and advanced technology adoption. It has been seen in the past several years that cyber-attacks have considerably increased, due to which it is compelling several enterprises to get well equipped with efficient cybersecurity services to make sure security of digital resources.

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Global Cybersecurity as a Service Market: Growth Factors

The global cybersecurity as a service market is likely to be driven by the augmented acceptance of cybersecurity mainly as a service in small as well as medium-sized ventures. As majority of the cybersecurity issues are mainly targeted at medium and small companies owing to limited investment and awareness for the cybersecurity services, several enterprises are becoming mindful with regards to the requirement to implement efficient security services. In addition to this, security breaches are likely to become more intrude and sophisticated. Intruders are building up superior evasion methods to enter into the medium as well as small venture network unnoticed thus these factors will propel the global market expansion in the coming years.

Global Cybersecurity as a Service Market: Segmentation

The global cybersecurity as a service market is classified in terms of services, solutions, user type, deployment type, industry verticals, and region. In terms of solutions, the global cybersecurity as a service market is categorized into unified threat management (UTM), risk & compliance management, identity and access management (IAM), security incident management, intrusion prevention systems, encryption, and others. Services are further divided into managed and professional services. The deployment type comprises on-premises and cloud. The user type is further sub-segmented into SMEs and large enterprise. Industry verticals comprise BFSI, aerospace & defense, retail, public sector, IT and telecom, healthcare, manufacturing, energy & utilities, and others.

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Global Cybersecurity as a Service Market: Regional Analysis

In terms of region, the global cybersecurity as a service market in North America is likely to account for the most leading share and is also expected to retain this position in the coming years. The increasing number of connected equipment and digitization in regions, for instance, Canada and the U.S. are anticipated to remain the major aspects which are likely to work in favor of the global cybersecurity as a service market particularly in North America in the coming years.

The Asia Pacific and Europe markets are also projected to remain extremely profitable due to the increasing numbers of government initiatives and start-ups & regulations related to cybersecurity. Augmented uptake of the cloud services in these provinces and the growing intimidation of cyber-attacks these days are projected to induce enterprises in these provinces to be capable with cost-efficient as well as consistent cybersecurity evaluation in the coming future.

Global Cybersecurity as a Service Market: Competitive Players

Some of the most important market players in the global cybersecurity as a service market are BlackStratus, BAE Systems, Choice CyberSecurity, Capgemini, Cloudlock (Cisco), AT&T, Transputec Ltd., LookingGlass Cyber Solutions, Inc., FireEye, Inc., Tata Consultancy Services Limited, and Optiv Security Inc., among others.

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