PUBLISHER: The Business Research Company | PRODUCT CODE: 1685977
PUBLISHER: The Business Research Company | PRODUCT CODE: 1685977
Cybersecurity as a Service (CSaaS) is a subscription-based model wherein businesses enlist external organizations to access cybersecurity capabilities through the Internet or cloud-based platforms. This service offers organizations scalable, cost-effective, and flexible solutions to meet evolving cybersecurity requirements. By leveraging the expertise and resources of specialized security providers, CSaaS enhances overall security posture and resilience against cyber threats.
The main types of securities in cybersecurity as a service encompass vulnerability and security assessment, threat intelligence and business analytics, auditing and logging, continuous monitoring and encryption, identity and access management, and others. Vulnerability and security assessment involve identifying, evaluating, and mitigating vulnerabilities in an organization's IT infrastructure, applications, and systems to safeguard them against security threats and breaches. These services are utilized across various organizations, including large enterprises and small and medium-sized enterprises, operating in sectors such as retail, banking, financial services, and insurance (BFSI), information technology (IT) and telecommunications, healthcare, government, automotive, and others.
The cyber security as a service market research report is one of a series of new reports from The Business Research Company that provides cyber security as a service market statistics, including cyber security as a service industry global market size, regional shares, competitors with a cyber security as a service market share, detailed cyber security as a service market segments, market trends and opportunities, and any further data you may need to thrive in the cyber security as a service industry. This cyber security as a service market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The cyber security as a service market size has grown rapidly in recent years. It will grow from $161.15 billion in 2024 to $179.47 billion in 2025 at a compound annual growth rate (CAGR) of 11.4%. The growth in the historic period can be attributed to growing incidence of data breaches, high costs associated with on- premise solutions, increased adoption from SME's, rising number of connected devices, increasing number of cyber-attacks.
The cyber security as a service market size is expected to see rapid growth in the next few years. It will grow to $274.63 billion in 2029 at a compound annual growth rate (CAGR) of 11.2%. The growth in the forecast period can be attributed to growing number of data breaches and cyber-attacks, government initiatives, increasing adoption of cloud security solutions, increase in the data stored on the cloud, rising number of cyberattacks. Major trends in the forecast period include innovative technology, rising trend of BYOD (bring your own device) in enterprises, adoption of cybersecurity solutions, adoption of cloud and virtualization technologies, impact of emerging technologies.
The cybersecurity as a service market is poised for significant growth driven by the escalating incidence of data breaches. These breaches, characterized by unauthorized access or manipulation of sensitive data, are on the rise due to increasing cybercrime sophistication and a lack of robust security measures. To mitigate such risks, cybersecurity as a service offers continuous monitoring, vulnerability management, incident response, access control, security awareness training, and compliance assistance. According to The Identity Theft Resource Center's report from January 2023, reported data breach incidents surged by 68% in 2022, reaching 1,862 breaches compared to 1,108 breaches in 2021, underscoring the critical need for robust cybersecurity measures.
Prominent players in the cybersecurity as a service market are investing in innovative technologies to bolster threat prevention capabilities. An example of such innovation is Checkpoint Quantum Titan, a comprehensive cybersecurity platform launched by Check Point Software Technologies Ltd. in October 2022. This solution harnesses the power of artificial intelligence (AI) and deep learning to provide advanced threat prevention and autonomous IoT security. Notably, Checkpoint Quantum Titan stands out for its ability to identify IoT devices and apply zero-trust threat prevention profiles, offering comprehensive protection against evolving cyber threats.
In September 2023, Cisco Systems Inc., a leading digital communications technology company, made a significant move by acquiring Splunk Inc. for $28 billion. This strategic acquisition is poised to reinforce Cisco's foothold in the cybersecurity market and leverage Splunk's expertise to enhance security solutions for its customers. Splunk Inc. is renowned for its suite of cybersecurity solutions, including Splunk Enterprise Security, which offers advanced threat detection and response capabilities.
Major companies operating in the cyber security as a service market are Microsoft Corporation, AT&T Inc., IBM Corporation, Cisco Systems Inc., Oracle Corporation, Tata Consultancy Services Limited, BAE Systems plc, Capgemini SA, Fortinet Inc., NortonLifeLock Inc., Optiv Security Inc., Check Point Software Technologies Ltd., McAfee Inc., Trend Micro Incorporated, CrowdStrike Holding Inc., Okta Inc., ProofPoint Inc., Zscaler Inc., FireEye Inc., Forcepoint LLC, Cyber Ark Software Ltd., Guidepoint Security LLC, Radware Ltd., Alert Logic Inc., LookingGlass Cyber Solutions Inc., Qualys Inc., Sophos Ltd., Stratejm Inc.
North America was the largest region in the cybersecurity as a service market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cyber security as a service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the cyber security as a service market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The cybersecurity as a service market includes revenues earned by entities by providing services such as threat detection and prevention, auditing and logging, compliance and risk management, intrusion detection systems (IDS), intrusion prevention systems (IPS). The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Cyber Security As A Service Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on cyber security as a service market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for cyber security as a service ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The cyber security as a service market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.