Cybersecurity as a service market 2030 global forecast: BYOD trend bolsters growth

DUBLIN -- The "Cybersecurity-as-a-Service Market by Application, Organization Size, Sector, and Geography - Global Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.

The global Cybersecurity-as-a-Service market is projected to reach $46.6 billion by 2030, at a CAGR of 17.5% during the forecast period of 2023-2030.

The growth of the Cybersecurity-as-a-Service market is being driven by several factors, including the increasing significance of cybersecurity in the banking sector, the growing number of data breaches and cyber-attacks, the rising trend of BYOD (bring your own device) in enterprises, and government initiatives aimed at encouraging the adoption of cybersecurity solutions.

Furthermore, the increasing adoption of cloud security solutions among SMEs and the healthcare sector's growing adoption of Cybersecurity-as-a-Service solutions are expected to create growth opportunities in the market.

Based on organization size, the Cybersecurity-as-a-Service market is segmented into large enterprises and small & medium-sized enterprises.

In 2023, the large enterprises segment is expected to account for the larger share of the Cybersecurity-as-a-Service market.

The large market share of this segment is attributed to the strong IT infrastructure of large enterprises, the management Cybersecurity-as-a-Service platforms by skilled IT personnel, and the growing adoption of advanced technologies such as cloud, AI, and machine learning. However, the small & medium-sized enterprises segment is slated to register the highest CAGR during the forecast period.

Based on application, the Cybersecurity-as-a-Service market is segmented into network security, application security, cloud security, endpoint security, and other security applications.

In 2023, the network security segment is expected to account for the largest share of the Cybersecurity-as-a-Service market.

The large market share of this segment is attributed to the rising data and security breaches, the growing demand for filtering and monitoring network traffic, the growing number of malware attacks on enterprise networks, and the increasing need to protect connected network infrastructure. However, the cloud security segment is slated to register the highest CAGR during the forecast period.

In 2023, North America is expected to account for the largest share of the global Cybersecurity-as-a-Service market.

North America's large market share is attributed to the growing demand for cloud-based cybersecurity solutions, the growing adoption of advanced technologies, and the surging usage of Cybersecurity-as-a-Service in the BFSI and retail sectors. However, Asia-Pacific is projected to register the highest CAGR during the forecast period.

Key questions answered in the report

• Which are the high-growth market segments in terms of application, organization size, and sector?
• What is the historical market for Cybersecurity-as-a-Service across the globe?
• What are the market forecasts and estimates for the period of 2023-2030?
• What are the major drivers, restraints, and opportunities in the global Cybersecurity-as-a-Service market?
• Who are the major players in the global Cybersecurity-as-a-Service market, and what share of the market do they hold?
• Who are the major players in various countries, and what share of the market do they hold?
• How is the competitive landscape?
• What are the recent developments in the global Cybersecurity-as-a-Service market?
• What are the different strategies adopted by the major players in the global Cybersecurity-as-a-Service market?
• What are the geographical trends and high-growth countries?
• Who are the local emerging players in the global Cybersecurity-as-a-Service market, and how do they compete with the other players?

Company Profiles (Business Overview, Financial Overview, Product Portfolio, and Strategic Developments)

• Forcepoint LLC. (U.S.)
• Trend Micro Incorporated. (Japan)
• Foresite Cybersecurity Inc. (U.S.)
• Fortinet Inc. (U.S.)
• Zscaler Inc. (U.S.)
• Okta Inc. (U.S.)
• Radware Ltd. (Israel)
• Qualys Inc. (U.S.)
• CrowdStrike Holding Inc. (U.S.)
• IBM Corporation (U.S.)
• Happiest Minds Technologies Limited. (India)
• Stratejm Inc. (Canada)
• Guidepoint Security LLC. (U.S.)
• Alert Logic Inc. (U.S.)
• Sophos Ltd. (U.K.).

Cybersecurity-as-a-Service Market Assessment, by Application

• Network Security
• Network Access Control
• Data Loss Prevention
• Intrusion Detection and Prevention System (IDS/IPS)
• Secure Web Gateway
• Other Network Security Applications
• Endpoint Security
• Endpoint Detection and Response
• Antivirus/Antimalware
• Firewall
• Cloud Security
• Identity and Access Management
• Business Continuity and Disaster Recovery
• Security Information and Event Management
• Intrusion Detection and Prevention System (IDS/IPS)
• Data Loss Prevention
• Risk and Compliance Management
• Cloud Access Security Broker
• Container Security
• Other Cloud Security Applications
• Application Security
• Other Security Applications

Cybersecurity-as-a-Service Market Assessment, by Organization Size

• Large Enterprises
• Small & Medium-sized Enterprises

Cybersecurity-as-a-Service Market Assessment, by Sector

• BFSI
• IT & Telecommunications
• Retail
• Manufacturing
• Healthcare
• Energy & Utility
• Government
• Other Sectors

Cybersecurity-as-a-Service Market Assessment, by Geography

• North America
• U.S.
• Canada
• Europe
• Germany
• U.K.
• France
• Italy
• Spain
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• South Korea
• Singapore
• Rest of Asia-Pacific
• Latin America
• Brazil
• Mexico
• Rest of Latin America
• Middle East & Africa
• UAE
• Israel
• Rest of the Middle East & Africa

For more information about this report visit https://www.researchandmarkets.com/r/auvr4r