Cyber security as a Service Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Cyber security as a service is an outsourced model of cybersecurity management in which organizations outsource their cybersecurity functions to a vendor on a pay as you go basis. The increasing number of cyber-attacks and growing security concerns are the major factors expected to drive the growth of cybersecurity as a service market. The cybersecurity as a service market is a highly fragmented market with some of the major players operating in the market, along with some niche players having limited focus.

MARKET SCOPE

The "Global Cyber Security as a Service Market Analysis to 2031" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the cyber security as a service market with detailed market segmentation by type, industry vertical, organization size, and geography. The report provides key statistics on the market status of the leading cyber security as a service market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

• Based on type, the market is segmented into enterprise security, endpoint security, cloud security, network security, and application security.
• Based on industry vertical, the market is segmented into IT and telecom, retail BFSI, healthcare, government and defense, automotive, and others.
• Based on organization size, the market is segmented into large enterprise and SMEs.

MARKET DYNAMICS

Drivers

 

• The growing focus of the organizations on outsourcing cybersecurity functions due to lack of expertise, the increasing focus of the enterprises on improving the efficiency, and increasing cybersecurity concerns are expected to drive the growth of the cyber security as a service market.
• The growing adoption of cyber security as a service by SMEs creates opportunities for the companies operating in the market to gain a significant market share.

Restraints

• The lack of a skilled workforce may hinder the growth of the cyber security as a service market.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The cyber security as a service market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social, and technological factors affecting the cyber security as a service market in these regions.

IMPACT OF COVID-19 ON CYBER SECURITY AS A SERVICE MARKET

COVID-19 first began in Wuhan (China) in December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in the global market. Few companies have already announced possible delays in product deliveries and slumps in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the cyber security as a service market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of the business and customer base of market players. The market players from the cyber security as a service market are anticipated to have lucrative growth opportunities in the future with the rising demand in the global market. 
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the cyber security as a service market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

• Alert Logic, Inc.
• Armor Defense Inc.
• Cisco Systems, Inc.
• FireEye
• Forcepoint
• IBM
• McAfee, LLC
• NortonLifeLock Inc.
• Tata Consultancy Services Limited
• Trend Micro Incorporated

The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.
 

Cyber security as a Service Report Scope