Cyber security as a Service Market Survey On Emerging Opportunities

The vendor landscape of the global cyber security as a service market is becoming increasingly crowded and competitive, observes Transparency Market Research in a recent report. Rapid adoption of cyber security as a service across the world has led helped many companies to innovate and develop cyber security solutions and services. Owing to the increased demand, a large number of start-ups have emerged in the cyber security market in order to establish significant presence in the market.

Some of the leading companies in the global cyber security as a service market are AT&T, Armor Defense Inc., BlackStratus, Capgemini, Choice CyberSecurity, Transputec Ltd, Cloudlock (Cisco), BAE Systems, FireEye, Inc., Optiv Security Inc., LookingGlass Cyber Solutions, Inc., and Tata Consultancy Services Limited.

According to the report, the global cyber security as a service market is expected to reach US$87.59 bn in revenue by 2025, rising from US$ 30.91 Bn in 2016. The market is estimated to expand at an impressive CAGR of 12.5% from 2017 to 2025.

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High Demand for Auditing and Logging Security Services to Remain Key to Healthy Market Expansion

Of the key cyber security services provided by the market, the segment of auditing and logging is expected to surge during the forecast period. Auditing and logging applications are used in the organizations to audit unauthorized access performed on internal systems or network and are witnessing an increased uptake across small- and medium-sized enterprises that are increasingly relied upon data saved on cloud networks.

Geographically, the market in North America presently dominates the global cyber security as a service market accounting for the dominant share of revenue and is expected to dominate over the forecast period as well.