According to the report analysis, ‘GLOBAL CYBER SECURITY AS A SERVICE MARKET SIZE STUDY, BY SECURITY TYPE (ENTERPRISE SECURITY, ENDPOINT SECURITY, CLOUD SECURITY, NETWORK SECURITY, APPLICATION SECURITY), BY SERVICE TYPE (THREAT INTELLIGENT & BEHAVIOR ANALYSIS, AUDITING & LOGGING, MONITORING & ALTERING), BY END-USER (IT & TELECOM, RETAIL, BFSI, HEALTHCARE, DEFENSE, AUTOMOTIVE, OTHERS) AND REGIONAL FORECASTS 2018-2025’ states that there are several key players which are presently functioning in this sector more significantly for registering the fastest market growth and attaining the highest market share around the globe more positively in the near future includesArmor Defense Inc., AT & T, BAE System, Capgemini, Choice Cybersecurtity, Transputec Ltd., Cloudlock, Black Stratus, Fire Eye Inc., Optiv security and several others. Moreover, the players of this market are adopting the effective strategies and policies of doing work for improving the efficiency of delivering the protection which further rise the demand and enable the players of generating the high amount of revenue across the globe.
The term Cyber security as service refers to precautionary techniques used to guard and protect an association information & system from cyber warfare espionage and terrorism. It is a precarious part of the security strategies accepted by several governments as cyberattacks are mostly focused at military, political and infrastructural assets. Not only has this, there are many assistances of such as cyber security solutions deliver the digital fortification to your service, effective cyber security removes this possibility and maximizing your service potential output, it is confirming that your service is protected from cyber threats will also support to protect your customers and it can motivate trust in your consumer that their personal data will not be encompassed.
Furthermore, the players of this market are playing an important role by dominating the handsome amount of share across the globe in the near future more effectively while developing the technological specifications which further safeguard the consumer interest and increase the demand more enormously. This also led the market growth more significantly in the coming years.
Global Cyber Security as a Service Market valued approximately USD 28.9 billion in 2017 is estimated to increase with a healthy growth rate of more than 12.7% over the forecast period of 2018-2025. Moreover, the global market of cyber security as a service is segmented into different sectors which majorly involves security type, service type, end user and region. While, on the basis of security type, the market is further segmented into enterprise security, endpoint security, cloud security, network security and application security. Additionally, based on the service type, the market is split into threat intelligent and behavior analysis, audition and logging and monitoring and altering for instance, basis on the end user, the market is divided into IT & Telecom, Retail, BFSI, Healthcare, Defense, Automotive and several others.
Although, based on the region, with the attractive applications and end user the market is spread across the globe which majorly involves Asia Pacific, North America, Europe, Latin America and Rest of the World. Whereas, the North America is the leading/significant region across the world in terms of market share due to high level of digitalization and increasing the number of connected devices. Europe also underwrites a satisfactory growth in the global cyber security as a service market. Furthermore, The major fueling factor of global Cyber Security as a Service market are high requirement for auditing & logging security services and boosting content industry. Therefore, in the near future, it is anticipated that the market of cyber security as service will increase across the globe more positively over the recent few years.
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Ankur Gupta, Head Marketing & Communications