Global Cybersecurity as a Service Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

“Global Cybersecurity as a Service Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz. The global cybersecurity as a service market report has been segmented on the basis of security type, component, enterprise size, end-use industry, and region.

Global Cybersecurity as a Service Market: Overview

Cybersecurity is a process to protect data, infrastructure, digital resources, and others from digital attacks such as cyber-attacks, malware, ransomware, and many more. Nowadays cybersecurity is a necessity to safeguard an organizational data, infrastructure, and network from malicious threats. Moreover, cyberattacks are highly focused at changing, accessing, or damaging sensitive information. The cyber-attacks are targeted on misdirecting or misleading users on digital networks to extort money and usually interrupt normal processes in businesses. Cybersecurity offers solutions and provides services where cyber-attacks are identified and counter measurements are proposed through automated systems.

Global Cybersecurity as a Service Market: Dynamics

Cybersecurity services are highly adopted by small and medium scale enterprises, owing to high risk associated with network environments installed in the organizations and as SME’s tend to be less secure. Increasing incidence of cyber-attacks across the globe, rising demand for unified threat management systems in various organizations, and growing investments in technology adoption among various IT organizations are among major factors expected to drive growth of the global cybersecurity as a service market over the forecast period.

In addition, increasing digitalization of operations and networks in various industries across the globe results into high adoption of cyber security services and solutions to ensure security of digital resources is another factor expected to support growth of the target market in the near future.

Cyber security services offer various solutions such as automatic web security testing technology, which in turn detects vulnerabilities in web applications, protects confidential data, thwart internal security threats, and combats external attacks. Moreover, rising incidence of advanced sophisticated malware threats such as keyloggers, rootkits, back-doors, phishing, zero-day, Trojans, and spyware, and increasing occurrence of advanced persistent threats across the industry verticals results into high implementation of cybersecurity solutions. In addition, growing demand for disaster recovery and vulnerability management solutions among various business is expected to register high adoption of cyber security solutions in the target market. Aforementioned are among other key factors expected to proliferate growth of the global market in the coming years.

However, lack of awareness associated with implementation of cyber security solutions in SME’s may hamper demand for cybersecurity service across the globe and restrain growth of the target market during the forecast period.

Global Cybersecurity as a Service Market: Segment Analysis

Based on security type, enterprises worldwide are expected to witness higher adoption rate of cyber security solutions, owing to its ability to safeguard entire organization network environment.

Global Cybersecurity as a Service Market: Regional Analysis

The North America cybersecurity as a service market is expected to contribute highest revenue share and is expected to dominate over the forecast period. High adoption of advance technologies and well developed IT infrastructure in the countries such as US and Canada in the region is expected to support growth of the cybersecurity as a service market in the North America.

The market in the Asia Pacific is anticipated to grow at a significant rate in the global market during the forecast period, owing to increasing government initiatives to protect digital networks and data, growing IT industry, and rising digitalization in various sectors in countries China, India, and Japan in the region.

Global Cybersecurity as a Service Market Segmentation:

Segmentation on the basis of security type:

• Cloud Security
• Network Security
• Application Security
• Enterprise Security

Segmentation on the basis of component:

• Services
• Solution

Segmentation on the basis of enterprise size:

• Large Enterprise
• Small and Medium Enterprise (SME’s)

Segmentation on the basis of end-use industry:

• Ecommerce and Retail
• Healthcare and Education
• Government and Private Enterprises
• Telecom and Information Technology (IT)
• Banking, Financial Services and Insurance (BFSI)
• Others (Food &Beverages, Aerospace & Defence, Utilities, Automotive and Manufacturing, etc.)

Segmentation on the basis of region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa