Cyber security as a Service Market to Expand Due to Rise in Digitalization of Operations

In the present business scenario where the digitalization of internal networks and operations has emerged as the make focal point of the companies all over the world, cyber security has also turned out to play a vital role in every sector because of its complicated network environments, rise in IT infrastructure, and adoption of advanced technology. Owing to rise in cases of cyber-crimes since past few years, there has been an urgent need of cyber security system in the market.

The demand is prognosticated to bolster the global market growth to a great extent to as to make sure of the smooth workflow and safety of digital data. According to the report by Transparency Market Research, the global cyber security as a service market is expected to project a promising CAGR of 12.5% within the forecast period from 2017 to 2025.

Browse The Report: https://www.transparencymarketresearch.com/cyber-security-as-a-service-market.html

Cyber security as a service is a blend of activities and procedures utilized to ensure frameworks, systems and data from being stolen, unauthorized access, and attacks. Cyber security as a service for organizations is an operating cost (Opex) rather than capital cost (Capx) and it handles the security of the network, confidential data insurance and makes it possible for the organizations to react to events taking place at the moment.

Emergence Of Big And Small Companies to Support Market Growth

The market has grown at a promising pace in the past couple of years and likely to experience a significant growth in medium-sized and small sized firms are demanding financially savvy and dependable cyber security systems. With a large number of small-and medium-sized companies already existing globally, along with the new entrants setting their foot in the market, the demand for successful cyber security modules, for example, cyber security as a service is anticipated to accelerate as well, at an exceptional speed in the upcoming years.

The global market for cyber security as a service is segmented based on security type, service type, platform, end-use industry, and enterprise size. On the basis of service type, the market is classified into auditing and logging service, threat intelligence and behavior analysis service, and altering and monitoring service. Among these, the auditing and logging services segment is expected to lead the overall market at a significant speed in coming years.

Network Security Service to Dominate Global Market As per Type

As per the security type, the global cyber security as a service market is divided into endpoint, enterprise, cloud, application security, and network. Out of these, the network security segment is likely to experience a healthy growth as far as revenue is concerned. This is due to increased demand for network security all over the world so as to manage the working of operations.

Download Sample Copy of this report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=40166

Based on geography, the North America region currently accounts for a major share in global market for cyber security as a service, in terms of revenue. The increase in number of connected gadgets and rise in digitization are some of the major factors surging the demand in the region, especially in nations such as Canada and the US.

Besides, Asia Pacific and Europe regions are also not far behind and are expected to sustain its highly lucrative market due to emergence various start-ups in the regions along with supportive government initiative regarding cyber security.

The prevalence of cyber security as a service is stimulating various global and regional firms to set their foot in the market. AT&T, Armor Defense Inc., BAE Systems, Capgemini, BlackStratus, Choice CyberSecurity, Cloudlock (Cisco), Transputec Ltd, FireEye, Inc., Optiv Security Inc., LookingGlass Cyber Solutions, Inc., and Tata Consultancy Services Limited.

Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: www.transparencymarketresearch.com

This release was published on openPR.