Global Cyber Security as a Service Market is projected to record the CAGR of nearly 12.8% over the period from 2020 to 2026.
New York, United States - November 2, 2020 /MarketersMedia/ —
According to analysts at Zion Market Research, the global cyber security as a service market is estimated to witness a growth of 12.8% CAGR in the forecasted period 2020–2026. The cyber security is an essential part of the security strategies implemented by different organizations mainly owing to the developing cyber-attacks originating from an augmented number of sensors, a rapidly increasing IoT (internet of things) market, cloud integration, and others. Furthermore, businesses at present neither have the time nor the skills to cope with the complications of security and security point products, particularly in a growing IoT market. Therefore, the businesses are extensively outsourcing their cyber security task and hence, the global cyber security as a service market is budding exponentially.
Some of the key companies in the market are Check Point Software Technologies, AWS, Cyberark, Cisco Systems, FireEye, F5 Networks, Fortinet, Forcepoint, IBM Corporation, F-Secure, Juniper Networks, Imperva, Micro Focus, McAfee, Oracle, Microsoft, Proofpoint, Palo Alto Networks, Rapid7, Qualys, Sophos, RSA Security, Symantec, Splunk, and Trend Micro.
Rising Demand For Security Services Will Boost The Global Cyber Security As A Service Market
The rapid development in the cyber security as a service market is being boosted by the technology trends, as well as the number of programs taken by organizations to advance efficiency and productivity, such as BYOD (bring your own device) and IoT. In addition, the rapid implementation of cloud-based applications or widening the security requirements beyond the conventional data center is also spurring market growth. Also, the key driver of the market is a higher demand for logging & auditing security services and booming content industry and the increasing sophistication of cyber-attacks force augmented the implementation of the cyber security measures.
Get Free Sample Report PDF @ https://www.zionmarketresearch.com/sample/cybersecurity-service-market
The global cyber security as a service market is bifurcated on the basis of size of the organization, security type, end-user industry, and regional analysis. Based on the size of the organization, the market is divided into small & medium enterprises and large enterprises. Based on the security type, the market is divided into threat intelligence & business analytics, vulnerability & security assessment, monitoring & altering, and auditing & logging. Based on the end-user industry, the market is divided into IT & telecom, BFSI, retail, government, healthcare, and other end-user industries.
The North America Region To Witness Highest Share In The Global Cyber Security As A Service Market
Based on the geographical analysis, global cyber security as a service market is divided into Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. The North America region ruled the market during 2018 and contributed for 38.3% market share of the overall revenue. The development is due to the presence of leading players providing advanced solutions & services to all the segments in the region. Moreover, the rising awareness concerning cyber security amongst small and medium organizations is likely to impel the demand for cyber security solutions in the forecasted period.
The global cyber security as a service market is segmented as follows:
Based on the size of the organization:
Small and Medium Enterprises
Large Enterprises
Based on the security type:
Auditing & Logging
Vulnerability & Security Assessment
Threat Intelligence & Business Analytics
Monitoring & Altering
Based on the end-user industry:
BFSI
IT & Telecom
Retail
Healthcare
Government
Other End-user Industries
Based on the region:
North America
The U.S.
Canada
Europe
France
The UK
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
Browse TOC of this Report @ https://www.zionmarketresearch.com/toc/cybersecurity-service-market
About Us:
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Contact Info:
Name: Joel John
Email: Send Email
Organization: Zion Market Research
Address: 244 Fifth Avenue, Suite N202
Phone: +1-855-465-465
Website: https://www.zionmarketresearch.com/
Source: MarketersMedia
Release ID: 88983854
