Cyber Security as a Service Market Size and Trends 2029

Summary

Report Description

Forecast Period	2025-2029
Market Size (2023)	USD 200.47 billion
CAGR (2024-2029)	9.38%
Fastest Growing Segment	Vulnerability & Security Assessment
Largest Market	North America
Market Size (2029)	USD 346.39 billion

Market Overview

Global Cyber Security as a Service Market has valued at USD 200.47 billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 9.38% through 2029. The stringent regulatory landscape governing data protection and privacy is a significant driver for CSaaS adoption. Regulations such as the General Data Protection Regulation (GDPR), Health Insurance Portability and Accountability Act (HIPAA), and others mandate organizations to implement robust cybersecurity measures. CSaaS providers offer solutions that assist businesses in achieving and maintaining compliance, addressing the complex requirements imposed by various regulatory frameworks.

Key Market Drivers

Increasing Cyber Threat Landscape and Sophistication

One of the primary drivers propelling the growth of the Global Cyber Security as a Service (CSaaS) market is the relentless and escalating cyber threat landscape. As technology advances, cybercriminals are becoming more sophisticated and agile in their approaches, constantly developing new techniques to exploit vulnerabilities. This dynamic threat environment necessitates a proactive and adaptive cybersecurity strategy. Organizations are turning to CSaaS to stay ahead of these evolving threats, as it provides continuous monitoring, threat detection, and response capabilities.

The rise of advanced persistent threats (APTs), ransomware attacks, and other sophisticated cyber-attacks has made it imperative for businesses to enhance their cybersecurity posture. CSaaS offers a comprehensive suite of services, including threat intelligence, behavioral analytics, and real-time monitoring, empowering organizations to detect and mitigate cyber threats swiftly. As a result, the demand for CSaaS solutions is growing as businesses seek to fortify their defenses against increasingly complex cyber threats.

Compliance and Regulatory Requirements

The second major driver fueling the Global CSaaS market is the stringent regulatory landscape and compliance requirements. Governments and regulatory bodies worldwide are imposing strict cybersecurity regulations to protect sensitive data, privacy, and critical infrastructure. Non-compliance can lead to severe penalties, reputational damage, and financial losses. In response to these regulatory pressures, organizations are adopting CSaaS solutions to ensure they meet the necessary security standards and compliance requirements.

CSaaS providers offer expertise in navigating the complex regulatory landscape by providing tailored solutions that align with specific industry regulations. This includes data protection laws, such as GDPR in Europe or HIPAA in the healthcare sector. CSaaS enables organizations to implement and maintain security measures effectively, ensuring they not only meet current compliance standards but also adapt to future regulatory changes. As the regulatory environment continues to evolve, the demand for CSaaS will persist, driven by the need for scalable and compliant cybersecurity solutions.

Cost-Effective and Scalable Security Solutions

The third key driver accelerating the growth of the Global CSaaS market is the increasing recognition of its cost-effectiveness and scalability. Traditional cybersecurity approaches often involve significant upfront investments in infrastructure, hardware, and skilled personnel. CSaaS eliminates the need for these extensive investments by offering a subscription-based model, allowing organizations to access cutting-edge cybersecurity services without the burden of hefty upfront costs.

CSaaS solutions provide scalability, allowing organizations to adjust their cybersecurity capabilities according to their evolving needs. As businesses expand, contract, or undergo digital transformations, CSaaS enables them to scale their security infrastructure without the complexities associated with traditional solutions. This scalability is particularly appealing to small and medium-sized enterprises (SMEs) that may lack the resources to build and maintain an in-house cybersecurity team. The cost-effectiveness and scalability of CSaaS make it an attractive option for organizations seeking robust and adaptable cybersecurity solutions in a rapidly changing digital landscape.

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Key Market Challenges

Evolving Threat Landscape and Advanced Attack Vectors

A significant challenge facing the Global Cyber Security as a Service (CSaaS) market is the relentless evolution of the cyber threat landscape and the emergence of advanced attack vectors. As cybersecurity solutions become more sophisticated, cybercriminals also adapt and refine their tactics, techniques, and procedures. This constant cat-and-mouse game poses a challenge for CSaaS providers to stay ahead of the curve and consistently deliver effective protection against novel and sophisticated threats.

The increasing use of artificial intelligence, machine learning, and automation by cybercriminals introduces a layer of complexity. These technologies enable attackers to launch highly targeted and automated attacks at scale, making it challenging for CSaaS solutions to detect and respond promptly. Moreover, the proliferation of ransomware, zero-day exploits, and supply chain attacks adds another layer of complexity, requiring CSaaS providers to continuously enhance their threat intelligence capabilities and collaborative efforts to counter these evolving challenges.

Addressing this challenge requires CSaaS providers to invest heavily in research and development to stay abreast of emerging threats. Continuous training of cybersecurity professionals and the integration of advanced technologies into CSaaS offerings are essential. Additionally, fostering collaboration within the cybersecurity community to share threat intelligence is crucial for staying ahead of the rapidly evolving threat landscape.

Data Privacy and Compliance Concerns

Another prominent challenge for the Global CSaaS market is the increasing scrutiny on data privacy and compliance concerns. As organizations increasingly rely on CSaaS solutions to secure their digital assets, they must navigate a complex web of global and regional regulations governing the handling and protection of sensitive data. This challenge is particularly pronounced as data privacy laws, such as the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA), impose strict requirements on how organizations manage and protect personal information.

CSaaS providers must adhere to these regulations while offering services across diverse geographical regions with varying data protection requirements. Achieving and maintaining compliance becomes a multifaceted challenge, considering the dynamic nature of these regulations and the potential for legal and financial consequences in the event of non-compliance.

To address this challenge, CSaaS providers need to implement robust data protection measures, adopt encryption technologies, and establish clear policies for data handling and storage. Additionally, they must develop a deep understanding of the regulatory landscape and actively collaborate with clients to ensure that their services align with the specific compliance requirements of different industries and regions.

Lack of Standardization and Interoperability

A critical challenge facing the Global CSaaS market is the absence of standardization and interoperability across diverse cybersecurity solutions. The cybersecurity landscape is populated with a myriad of tools, platforms, and technologies, each with its unique features and functionalities. This lack of standardization makes it challenging for organizations to seamlessly integrate CSaaS solutions into their existing cybersecurity infrastructure, leading to interoperability issues and potential gaps in security coverage.

The absence of standardized frameworks for sharing threat intelligence and security data hampers the effectiveness of CSaaS solutions in providing comprehensive protection. Organizations often face the dilemma of choosing between different cybersecurity products that may not seamlessly work together, resulting in a fragmented and less effective security posture.

Addressing this challenge requires industry collaboration to establish common standards and frameworks that facilitate interoperability between various cybersecurity solutions. CSaaS providers should actively participate in industry initiatives aimed at standardizing protocols for data exchange, threat intelligence sharing, and security orchestration. By promoting interoperability, CSaaS solutions can deliver more cohesive and integrated cybersecurity defense mechanisms, enhancing their overall effectiveness in the face of evolving threats.

Key Market Trends

Integration of Artificial Intelligence and Machine Learning in CSaaS

One prominent trend shaping the Global Cyber Security as a Service (CSaaS) market is the accelerating integration of artificial intelligence (AI) and machine learning (ML) technologies into cybersecurity solutions. As the complexity and diversity of cyber threats continue to grow, traditional rule-based approaches alone are proving insufficient to detect and respond to sophisticated attacks. AI and ML bring a transformative dimension to CSaaS by enabling advanced threat detection, predictive analysis, and automated response mechanisms.

AI and ML algorithms have the capacity to analyze vast amounts of data in real-time, identifying patterns and anomalies that may signal potential security threats. This capability is particularly valuable in the context of zero-day attacks and polymorphic malware, where the ability to adapt and learn from evolving threats is essential. CSaaS providers are increasingly leveraging AI and ML to enhance their threat intelligence, behavioral analytics, and incident response capabilities, providing clients with more proactive and adaptive cybersecurity measures.

The integration of AI and ML enables CSaaS solutions to continuously learn from new threat data, improving their accuracy and reducing false positives. This trend is expected to evolve with the development of explainable AI, ensuring that cybersecurity professionals can understand and trust the decisions made by AI-driven systems. As organizations prioritize advanced threat detection and response capabilities, the integration of AI and ML into CSaaS is poised to become a standard practice, driving innovation and efficiency in the cybersecurity landscape.

Cloud-Native Security Solutions for Hybrid and Multi-Cloud Environments

The second major trend shaping the Global CSaaS market is the increasing adoption of cloud-native security solutions, particularly tailored for hybrid and multi-cloud environments. As organizations embrace cloud computing to enhance agility and scalability, the traditional perimeter-based security model is evolving. With the proliferation of remote work, the use of multiple cloud providers, and the growing complexity of IT infrastructures, CSaaS solutions are adapting to provide comprehensive security measures that align with the dynamics of modern computing environments.

Cloud-native security involves the design and implementation of security measures that are inherently compatible with cloud architectures. CSaaS providers are developing solutions that seamlessly integrate with popular cloud platforms and services, offering centralized security management for organizations operating in hybrid or multi-cloud scenarios. This trend addresses the challenges associated with securing diverse cloud workloads, ensuring consistent policies, and providing visibility across distributed environments.

Cloud-native security solutions leverage the scalability and flexibility of cloud platforms to deliver on-demand security services, enabling organizations to scale their protection in tandem with their dynamic workloads. The shift towards cloud-native security aligns with the broader industry trend of adopting DevSecOps practices, where security is integrated into the development and operational processes, fostering a proactive and continuous approach to cybersecurity. As organizations continue to migrate and expand their presence in the cloud, the demand for CSaaS solutions that are purpose-built for cloud-native environments is expected to rise, driving innovation in cloud security strategies.

Segmental Insights

Size of Organization Insights

The Large Enterprises segment emerged as the dominating segment in 2023. The large enterprises segment plays a pivotal role in shaping the dynamics of the Global Cyber Security as a Service (CSaaS) market. As organizations grapple with an ever-evolving threat landscape, large enterprises are at the forefront of adopting sophisticated cybersecurity measures to safeguard their extensive digital assets, intellectual property, and sensitive data.

Large enterprises are increasingly investing in Cyber Security as a Service solutions that offer comprehensive threat intelligence and analytics. With the rise of advanced persistent threats (APTs) and targeted attacks, large organizations seek CSaaS providers that can deliver advanced threat detection, behavioral analytics, and real-time monitoring capabilities. This trend aligns with the need for proactive defense mechanisms to identify and respond to sophisticated cyber threats promptly.

Large enterprises, often operating globally, face a myriad of regulatory compliance requirements. Adhering to data protection laws, industry-specific regulations, and international standards is paramount. CSaaS providers catering to large enterprises must offer solutions that align with and assist in maintaining compliance with the complex web of regulations, such as GDPR, HIPAA, and others applicable to different regions and industries.

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Regional Insights

North America emerged as the dominating region in 2023, holding the largest market share. The North American market is witnessing a surge in the adoption of Managed Detection and Response (MDR) services as organizations seek comprehensive threat detection and rapid incident response capabilities. CSaaS providers are expanding their service offerings to include MDR, which combines advanced threat intelligence, behavior analytics, and expert human intervention to enhance the overall cybersecurity posture. The emphasis on proactive threat detection aligns with the region's commitment to staying ahead of evolving cyber threats.

The region has experienced a surge in high-profile cyber incidents, leading to a heightened awareness of cybersecurity risks. This has driven organizations to prioritize robust cybersecurity measures. CSaaS providers benefit from this increased awareness as businesses seek advanced security solutions to protect against evolving cyber threats, emphasizing the importance of continuous monitoring, threat intelligence, and rapid incident response.

The adoption of flexible work arrangements, including BYOD policies and remote work, has accelerated in North America. This shift introduces new challenges in securing diverse endpoints and managing access to corporate networks from various locations. CSaaS solutions that offer endpoint protection, secure access controls, and threat detection for remote environments are in high demand, reflecting the region's evolving work practices.

North America's influence on the Global Cyber Security as a Service market is characterized by trends such as the emphasis on cloud-native security and the rise of MDR services. Challenges related to the cybersecurity talent shortage and a stringent regulatory landscape underscore the complexities of operating in this region. The drivers, including the increasing cyber threats and the growing adoption of remote work practices, highlight the critical role played by CSaaS in fortifying the cybersecurity posture of organizations in North America.

Recent Developments

In Feb 2020, McAfee Inc. announced innovations to its cloud-native Mvision platform with the availability of Unified Cloud Edge (UCE), which provides unified data and threat protection from the device level to the cloud.

Key Market Players

Foresite Cybersecurity, Inc.
FireEye, Inc.
Forcepoint LLC
Stratejm Inc
International Business Machine Corp.
McAfee, LLC
Armor Defense Inc.
Transputec Ltd
Zeguro, Inc.
Sara Technologies Inc.

By Size of Organization	By Security Type	By End-User	By Region
Small & Medium Enterprises Large Enterprises	Vulnerability & Security Assessment Threat Intelligence & Business Analytics Auditing & Logging Others	Healthcare BFSI IT & Telecom Government Energy & Utilities Others	North America Europe Asia-Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Cyber Security as a Service Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Cyber Security as a Service Market, By Size of Organization:

o Small & Medium Enterprises

o Large Enterprises

Cyber Security as a Service Market, By Security Type:

o Vulnerability & Security Assessment

o Threat Intelligence & Business Analytics

o Auditing & Logging

o Others

Cyber Security as a Service Market, By End-User:

o Healthcare

o BFSI

o IT & Telecom

o Government

o Energy & Utilities

o Others

Cyber Security as a Service Market, By Region:

o North America

§ United States

§ Canada

§ Mexico

o Europe

§ France

§ United Kingdom

§ Italy

§ Germany

§ Spain

§ Netherlands

§ Belgium

o Asia-Pacific

§ China

§ India

§ Japan

§ Australia

§ South Korea

§ Thailand

§ Malaysia

o South America

§ Brazil

§ Argentina

§ Colombia

§ Chile

o Middle East & Africa

§ South Africa

§ Saudi Arabia

§ UAE

§ Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Cyber Security as a Service Market.

Available Customizations:

Global Cyber Security as a Service Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Cyber Security as a Service Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Service Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1.Markets Covered

1.2.2.Years Considered for Study

1.2.3.Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Formulation of the Scope

2.4. Assumptions and Limitations

2.5. Sources of Research

2.5.1.Secondary Research

2.5.2.Primary Research

2.6. Approach for the Market Study

2.6.1.The Bottom-Up Approach

2.6.2.The Top-Down Approach

2.7. Methodology Followed for Calculation of Market Size & Market Shares

2.8. Forecasting Methodology

2.8.1.Data Triangulation & Validation

3. Executive Summary

4. Impact of COVID-19 on Global Cyber Security as a Service Market

5. Voice of Customer

6. Global Cyber Security as a Service Market Overview

7. Global Cyber Security as a Service Market Outlook

7.1. Market Size & Forecast

7.1.1.By Value

7.2. Market Share & Forecast

7.2.1.By Size of Organization (Small & Medium Enterprises and Large Enterprises)

7.2.2.By Security Type (Vulnerability & Security Assessment, Threat Intelligence & Business Analytics, Auditing & Logging and Others)

7.2.3.By End-User (Healthcare, BFSI, IT & Telecom, Government, Energy & Utilities and Others)

7.2.4.By Region (North America, Europe, South America, Middle East & Africa, Asia-Pacific)

7.3. By Company (2023)

7.4. Market Map

8. North America Cyber Security as a Service Market Outlook

8.1. Market Size & Forecast

8.1.1.By Value

8.2. Market Share & Forecast

8.2.1.By Size of Organization

8.2.2.By Security Type

8.2.3.By End-User

8.2.4.By Country

8.3. North America: Country Analysis

8.3.1.United States Cyber Security as a Service Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Size of Organization

8.3.1.2.2. By Security Type

8.3.1.2.3. By End-User

8.3.2.Canada Cyber Security as a Service Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Size of Organization

8.3.2.2.2. By Security Type

8.3.2.2.3. By End-User

8.3.3.Mexico Cyber Security as a Service Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Size of Organization

8.3.3.2.2. By Security Type

8.3.3.2.3. By End-User

9. Europe Cyber Security as a Service Market Outlook

9.1. Market Size & Forecast

9.1.1.By Value

9.2. Market Share & Forecast

9.2.1.By Size of Organization

9.2.2.By Security Type

9.2.3.By End-User

9.2.4.By Country

9.3. Europe: Country Analysis

9.3.1.Germany Cyber Security as a Service Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Size of Organization

9.3.1.2.2. By Security Type

9.3.1.2.3. By End-User

9.3.2.France Cyber Security as a Service Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Size of Organization

9.3.2.2.2. By Security Type

9.3.2.2.3. By End-User

9.3.3.United Kingdom Cyber Security as a Service Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Size of Organization

9.3.3.2.2. By Security Type

9.3.3.2.3. By End-User

9.3.4.Italy Cyber Security as a Service Market Outlook

9.3.4.1. Market Size & Forecast

9.3.4.1.1. By Value

9.3.4.2. Market Share & Forecast

9.3.4.2.1. By Size of Organization

9.3.4.2.2. By Security Type

9.3.4.2.3. By End-User

9.3.5.Spain Cyber Security as a Service Market Outlook

9.3.5.1. Market Size & Forecast

9.3.5.1.1. By Value

9.3.5.2. Market Share & Forecast

9.3.5.2.1. By Size of Organization

9.3.5.2.2. By Security Type

9.3.5.2.3. By End-User

9.3.6.Netherlands Cyber Security as a Service Market Outlook

9.3.6.1. Market Size & Forecast

9.3.6.1.1. By Value

9.3.6.2. Market Share & Forecast

9.3.6.2.1. By Size of Organization

9.3.6.2.2. By Security Type

9.3.6.2.3. By End-User

9.3.7.Belgium Cyber Security as a Service Market Outlook

9.3.7.1. Market Size & Forecast

9.3.7.1.1. By Value

9.3.7.2. Market Share & Forecast

9.3.7.2.1. By Size of Organization

9.3.7.2.2. By Security Type

9.3.7.2.3. By End-User

10. South America Cyber Security as a Service Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Size of Organization

10.2.2. By Security Type

10.2.3. By End-User

10.2.4. By Country

10.3. South America: Country Analysis

10.3.1. Brazil Cyber Security as a Service Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Size of Organization

10.3.1.2.2. By Security Type

10.3.1.2.3. By End-User

10.3.2. Colombia Cyber Security as a Service Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Size of Organization

10.3.2.2.2. By Security Type

10.3.2.2.3. By End-User

10.3.3. Argentina Cyber Security as a Service Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Size of Organization

10.3.3.2.2. By Security Type

10.3.3.2.3. By End-User

10.3.4. Chile Cyber Security as a Service Market Outlook

10.3.4.1. Market Size & Forecast

10.3.4.1.1. By Value

10.3.4.2. Market Share & Forecast

10.3.4.2.1. By Size of Organization

10.3.4.2.2. By Security Type

10.3.4.2.3. By End-User

11. Middle East & Africa Cyber Security as a Service Market Outlook

11.1. Market Size & Forecast

11.1.1. By Value

11.2. Market Share & Forecast

11.2.1. By Size of Organization

11.2.2. By Security Type

11.2.3. By End-User

11.2.4. By Country

11.3. Middle East & Africa: Country Analysis

11.3.1. Saudi Arabia Cyber Security as a Service Market Outlook

11.3.1.1. Market Size & Forecast

11.3.1.1.1. By Value

11.3.1.2. Market Share & Forecast

11.3.1.2.1. By Size of Organization

11.3.1.2.2. By Security Type

11.3.1.2.3. By End-User

11.3.2. UAE Cyber Security as a Service Market Outlook

11.3.2.1. Market Size & Forecast

11.3.2.1.1. By Value

11.3.2.2. Market Share & Forecast

11.3.2.2.1. By Size of Organization

11.3.2.2.2. By Security Type

11.3.2.2.3. By End-User

11.3.3. South Africa Cyber Security as a Service Market Outlook

11.3.3.1. Market Size & Forecast

11.3.3.1.1. By Value

11.3.3.2. Market Share & Forecast

11.3.3.2.1. By Size of Organization

11.3.3.2.2. By Security Type

11.3.3.2.3. By End-User

11.3.4. Turkey Cyber Security as a Service Market Outlook

11.3.4.1. Market Size & Forecast

11.3.4.1.1. By Value

11.3.4.2. Market Share & Forecast

11.3.4.2.1. By Size of Organization

11.3.4.2.2. By Security Type

11.3.4.2.3. By End-User

12. Asia-Pacific Cyber Security as a Service Market Outlook

12.1. Market Size & Forecast

12.1.1. By Value

12.2. Market Share & Forecast

12.2.1. By Size of Organization

12.2.2. By Security Type

12.2.3. By End-User

12.3. By Country Asia-Pacific: Country Analysis

12.3.1. China Cyber Security as a Service Market Outlook

12.3.1.1. Market Size & Forecast

12.3.1.1.1. By Value

12.3.1.2. Market Share & Forecast

12.3.1.2.1. By Size of Organization

12.3.1.2.2. By Security Type

12.3.1.2.3. By End-User

12.3.2. India Cyber Security as a Service Market Outlook

12.3.2.1. Market Size & Forecast

12.3.2.1.1. By Value

12.3.2.2. Market Share & Forecast

12.3.2.2.1. By Size of Organization

12.3.2.2.2. By Security Type

12.3.2.2.3. By End-User

12.3.3. Japan Cyber Security as a Service Market Outlook

12.3.3.1. Market Size & Forecast

12.3.3.1.1. By Value

12.3.3.2. Market Share & Forecast

12.3.3.2.1. By Size of Organization

12.3.3.2.2. By Security Type

12.3.3.2.3. By End-User

12.3.4. South Korea Cyber Security as a Service Market Outlook

12.3.4.1. Market Size & Forecast

12.3.4.1.1. By Value

12.3.4.2. Market Share & Forecast

12.3.4.2.1. By Size of Organization

12.3.4.2.2. By Security Type

12.3.4.2.3. By End-User

12.3.5. Australia Cyber Security as a Service Market Outlook

12.3.5.1. Market Size & Forecast

12.3.5.1.1. By Value

12.3.5.2. Market Share & Forecast

12.3.5.2.1. By Size of Organization

12.3.5.2.2. By Security Type

12.3.5.2.3. By End-User

12.3.6. Thailand Cyber Security as a Service Market Outlook

12.3.6.1. Market Size & Forecast

12.3.6.1.1. By Value

12.3.6.2. Market Share & Forecast

12.3.6.2.1. By Size of Organization

12.3.6.2.2. By Security Type

12.3.6.2.3. By End-User

12.3.7. Malaysia Cyber Security as a Service Market Outlook

12.3.7.1. Market Size & Forecast

12.3.7.1.1. By Value

12.3.7.2. Market Share & Forecast

12.3.7.2.1. By Size of Organization

12.3.7.2.2. By Security Type

12.3.7.2.3. By End-User

13. Market Dynamics

13.1. Drivers

13.2. Challenges

14. Market Trends and Developments

15. Company Profiles

10.

11.

12.

13.

14.

15.

15.1. Foresite Cybersecurity, Inc.

15.1.1. Business Overview

15.1.2. Key Revenue and Financials

15.1.3. Recent Developments

15.1.4. Key Personnel/Key Contact Person

15.1.5. Key Product/Services Offered

15.2. FireEye, Inc.

15.2.1. Business Overview

15.2.2. Key Revenue and Financials

15.2.3. Recent Developments

15.2.4. Key Personnel/Key Contact Person

15.2.5. Key Product/Services Offered

15.3. Forcepoint LLC

15.3.1. Business Overview

15.3.2. Key Revenue and Financials

15.3.3. Recent Developments

15.3.4. Key Personnel/Key Contact Person

15.3.5. Key Product/Services Offered

15.4. Stratejm Inc

15.4.1. Business Overview

15.4.2. Key Revenue and Financials

15.4.3. Recent Developments

15.4.4. Key Personnel/Key Contact Person

15.4.5. Key Product/Services Offered

15.5. International Business Machine Corp.

15.5.1. Business Overview

15.5.2. Key Revenue and Financials

15.5.3. Recent Developments

15.5.4. Key Personnel/Key Contact Person

15.5.5. Key Product/Services Offered

15.6. McAfee, Inc.

15.6.1. Business Overview

15.6.2. Key Revenue and Financials

15.6.3. Recent Developments

15.6.4. Key Personnel/Key Contact Person

15.6.5. Key Product/Services Offered

15.7. Armor Defense Inc.

15.7.1. Business Overview

15.7.2. Key Revenue and Financials

15.7.3. Recent Developments

15.7.4. Key Personnel/Key Contact Person

15.7.5. Key Product/Services Offered

15.8. Transputec Ltd

15.8.1. Business Overview

15.8.2. Key Revenue and Financials

15.8.3. Recent Developments

15.8.4. Key Personnel/Key Contact Person

15.8.5. Key Product/Services Offered

15.9. Zeguro, Inc.

15.9.1. Business Overview

15.9.2. Key Revenue and Financials

15.9.3. Recent Developments

15.9.4. Key Personnel/Key Contact Person

15.9.5. Key Product/Services Offered

15.10. Sara Technologies, Inc.

15.10.1. Business Overview

15.10.2. Key Revenue and Financials

15.10.3. Recent Developments

15.10.4. Key Personnel/Key Contact Person

15.10.5. Key Product/Services Offered

16. Strategic Recommendations

17. About Us & Disclaimer

Figures and Tables

Frequently asked questions

What was the market size of the Global Cyber Security as a Service Market in 2023?

The market size of the Global Cyber Security as a Service Market was USD 200.47 billion in 2023. The proliferation of cyber threats, including malware, ransomware, phishing attacks, and data breaches, continues to escalate worldwide. This heightened threat landscape necessitates robust cybersecurity measures, driving the demand for CSaaS solutions.

Which was the dominant segment by size of orgainzation in the Global Cyber Security as a Service Market in 2023?

The Large Enterprises segment by size of orgainzation demonstrated significant dominance in 2023. Major corporations are progressively directing their investments towards Cyber Security as a Service (CSaaS) solutions, which provide extensive threat intelligence and analytics functionalities. In light of the escalating prevalence of advanced persistent threats (APTs) and targeted attacks, large enterprises are in pursuit of CSaaS providers capable of furnishing advanced threat detection, behavioral analytics, and real-time monitoring capabilities.

Which is the dominant region in the Global Cyber Security as a Service Market?

North America dominated the market in 2023. The North American region accounts for a substantial portion of the global cybersecurity market, with a high demand for Cyber Security as a Service (CSaaS) solutions. The market continues to witness robust growth driven by increasing cyber threats, regulatory compliance requirements, and adoption of cloud-based security solutions.

What are the major drivers for the Global Cyber Security as a Service Market?

Cost-Effective, Increased Cloud Adoption and Scalable Security Solutions are some of the major drivers for the Global Cyber Security as a Service Market.

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Sakshi Bajaal

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Cyber Security as a Service Market is expected to grow at a CAGR of 9.38%

Jan, 2024

Global Cyber Security as a Service Market is expected to grow owing to ongoing digital transformation initiatives across industries throughout the forecast period

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