Cybersecurity-as-a-Service Market by Application (Network Security, Cloud Security, Endpoint Security, Application Security), Organization Size, Sector (BFSI, IT & Telecommunications, Retail, Healthcare), and Geography—Global Forecast to 2030

Cybersecurity-as-a-Service Market by Application (Network Security, Cloud Security, Endpoint Security, Application Security), Organization Size, Sector (BFSI, IT & Telecommunications, Retail, Healthcare), and Geography—Global Forecast to 2030.

The research report titled ‘Cybersecurity-as-a-Service Market by Application (Network Security, Cloud Security, Endpoint Security, Application Security), Organization Size, Sector (BFSI, IT & Telecommunications, Retail, Healthcare), and Geography—Global Forecast to 2030’ provides an in-depth analysis of Cybersecurity-as-a-Service market in five major geographies and emphasizes on the current market trends, market sizes, market shares, recent developments, and forecasts till 2030.

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.

The Cybersecurity-as-a-Service market is segmented by application (network security, cloud security, endpoint security, application security, and other security applications), organization size (large enterprises, small & medium-sized enterprises), and sector (BFSI, IT & telecommunications, retail, manufacturing, healthcare, government, energy & utility, and other sectors). The study also evaluates industry competitors and analyzes the market at the regional and country levels.

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.

Based on geography, the global Cybersecurity-as-a-Service market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. 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.

The key players operating in the Cybersecurity-as-a-Service market are 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.), and Sophos Ltd. (U.K.).

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?

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
Other Endpoint Security Applications
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

Cybersecurity-as-a-Service Market - Report SummaryReport MetricsDetailsYears Considered2021 - 2030Base Year2022Forecast Period2023-2030Page Count260Units ReferencedValue (USD Million)Segments/Key TopicsMarket by Application, Market by Organization Size, Market by Sector, Market by Geography.Regions CoveredNorth America, Europe, Asia-Pacific, Latin America, and Middle East & AfricaKey Companies MentionedForcepoint 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.), and Sophos Ltd. (U.K.).

FAQs About the Report

What is the revenue generated from the sales of cybersecurity-as-a-service solutions across the globe? At what rate is their demand expected to grow in the next 5-7 years?

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

Which sector segment showcases high growth opportunities for the cybersecurity-as-a-service market players?

In 2023, the BFSI segment is estimated 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 fraudulent activities, rising adoption of cybersecurity-as-a-service solutions for various financial processes, and rising demand for fraud detection.

What are the key factors driving the growth of the cybersecurity-as-a-service market? What are the major opportunities for existing market players and new entrants in the market?

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.

Who are the major players operating in the cybersecurity-as-a-service market?

The key players operating in the cybersecurity-as-a-service market are 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.), and Sophos Ltd. (U.K.).

Which regions/countries are expected to witness significant demand for cybersecurity-as-a-service in the coming years?

At present, North America dominates the cybersecurity-as-a-service market. However, Germany, Japan, China, India, South Korea, and the U.K. are expected to witness strong growth in demand for cybersecurity-as-a-service in the coming years.