Press release
Cyber Security As A Service Market Report 2024-2033: Size, Share, Growth, Trends, Key Players, and Forecast
Cyber Security As A Service Market
According to The Business Research Company's, The cybersecurity as a service market size has grown rapidly in recent years. It will grow from $145.46 billion in 2023 to $161.15 billion in 2024 at a compound annual growth rate (CAGR) of 10.8%. The growth in the historic period can be attributed to growing incidence of data breaches, high costs associated with on- premise solutions, increased adoption from SME's, rising number of connected devices, increasing number of cyber-attacks.
The cybersecurity as a service market size is expected to see rapid growth in the next few years. It will grow to $246.96 billion in 2028 at a compound annual growth rate (CAGR) of 11.3%. The growth in the forecast period can be attributed to growing number of data breaches and cyber-attacks, government initiatives, increasing adoption of cloud security solutions, increase in the data stored on the cloud, rising number of cyberattacks. Major trends in the forecast period include innovative technology, rising trend of BYOD (bring your own device) in enterprises, adoption of cybersecurity solutions, adoption of cloud and virtualization technologies, impact of emerging technologies.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/cyber-security-as-a-service-global-market-report
Market Drivers and Trends:
The growing incidence of data breaches is expected to propel the growth of the cybersecurity as a service market going forward. A data breach is an incident where sensitive, protected, or confidential data is accessed, copied, transmitted, viewed, stolen, altered, or used without authorization. The incidence of data breaches is increasing due to cybercrime sophistication, data dependency, and a lack of security measures. Cybersecurity as a service helps reduce data breaches by providing continuous monitoring, vulnerability management, incident response, access control, security awareness training, and compliance assistance. For instance, in January 2023, according to The Identity Theft Resource Center, a US-based non-profit organization, the number of reported data breach incidents increased by 68% in 2022, with 1,862 breaches reported compared to 1,108 breaches in 2021. Therefore, the growing incidence of data breaches is driving the growth of the cybersecurity as a service market.
Major companies operating in the cyber security as a service market are developing innovative technologies, such as Checkpoint Quantum Titan, to deliver advanced threat prevention. Checkpoint Quantum Titan is a comprehensive solution that integrates security visibility, analysis, and controls across various security layers and data sources to enhance protection against cyber threats. For instance, in October 2022, Check Point Software Technologies Ltd., an Israel-based software company, launched Checkpoint Quantum Titan, a revolutionary cybersecurity platform that harnesses the power of artificial intelligence (AI) and deep learning to provide advanced threat prevention and autonomous IoT security. This platform is unique in its ability to identify IoT devices and apply zero-trust threat prevention profiles. Initial investments in three cybersecurity startups include Dig Security, Enso Security, and Zero Networks. It is designed to identify IoT devices and apply zero-trust threat prevention profiles efficiently, making it a comprehensive solution for addressing complex cybersecurity challenges.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=14692&type=smp
Major Key Players of the Market:
Microsoft Corporation, AT&T Inc, IBM Corporation, Cisco Systems Inc, Oracle Corporation, Tata Consultancy Services Limited, BAE Systems plc, Capgemini SA, Fortinet Inc, NortonLifeLock Inc, Optiv Security Inc, Check Point Software Technologies Ltd, McAfee Inc, Trend Micro Incorporated, CrowdStrike Holding Inc, Okta Inc, ProofPoint Inc. , Zscaler Inc, FireEye Inc, Forcepoint LLC, Cyber Ark Software Ltd, Guidepoint Security LLC, Radware Ltd, Alert Logic Inc, LookingGlass Cyber Solutions Inc, Qualys Inc, Sophos Ltd, Stratejm Inc.
Cyber Security As A Service Market 2024 Key Insights:
• The cybersecurity as a service market size is expected to see rapid growth in the next few years. It will grow to $246.96 billion in 2028 at a compound annual growth rate (CAGR) of 11.3%.
• Surge In Data Breaches Propels Growth Of The Cybersecurity As A Service Market
• Launch Of Groundbreaking Cybersecurity Platform To Combat Evolving Threats
• North America was the largest region in the cybersecurity as a service market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=14692&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ "
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Cyber Security As A Service Market Report 2024-2033: Size, Share, Growth, Trends, Key Players, and Forecast here
News-ID: 3690994 • Views: …
More Releases from The Business research company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Cyber
Cyber Insurance Market to Expand Rapidly, Fueled by Cyber Threats
According to the latest market research study published by P&S Intelligence, the global cyber insurance market is expected to witness significant growth, with a projected rise from USD 16.1 billion in 2024 to USD 65.2 billion by 2032, expanding at a robust CAGR of 19.3%.
This growth is driven by the increasing frequency of cyberattacks, such as data breaches and ransomware incidents, coupled with rising regulatory pressures on businesses to adopt…
Express your Cyber Attitude with Zeelool Cyber Punk Glasses
Zeelool follows the trend of fashion and launches a series of new and unique cyberpunk glasses, its unique futuristic design concept and sense of technology, perfectly interpreting the aesthetic connotation of cyberpunk culture, the frame uses neon transparent material and black lines intertwined, as if with the digital world constructed in cyberpunk novels, awakening the infinite reverie of people for the virtual reality and holographic technology.
Highlights of Cyberpunk Glasses:
…
Cyber Security Market Research Reports, Cyber Security Market Revenue, Issues an …
The Cyber security, also denoted to as IT security, emphasizes on maintenance computers, programs, networks, and data from unrestrained or spontaneous admittance. It contains network security, application security, endpoint security, identity administration, data security, cloud security, and infrastructure security. As the cyber threats have augmented at an alarming rate, security solutions have been achievement traction, worldwide. Solutions such as antivirus software and firewalls have grown-up in involvedness and recognized to…
Cyber Security Market Research Reports | Cyber Security Market Revenue | Future …
The Cyber security, also mentioned to as IT security, emphasizes on maintenance computers, programs, networks, and data from unrestrained or spontaneous admittance. It contains network security, application security, endpoint security, distinctiveness management, data security, cloud security, and infrastructure safekeeping. As cyber threats have augmented at an alarming rate, security solutions have been purchase traction, globally. Solutions such as antivirus software and firewalls have grown up in complexity and demonstrated to…
Market Research Reports Of Cyber Security | Cyber Security Market Growth Analysi …
Cyber security market is very fragmented & highly competitive market that comprises several global & regional players. Cyber Security is a key concern that helps the organizations to monitor, detect, report, and contradict cyber threats for maintaining data confidentiality. As the innovation is developing and new applications are coming into market, programmers are finding the new escape clauses and taking the significant & secret information's from the servers and selling…
Cyber Institute receives Best Cyber Security Education Initiative - USA
The Cyber Institute received the 2019 US Business News Best Cyber Security Education Initiative - USA for their programs to help reduce barriers into cybersecurity and STEM related careers by advancing traditional and non-traditional pathways; for women and minorities in particular. By increasing access to education, employment, and workforce development, we believe they will have greater opportunities for self-determination and self-reliance.
The Cyber Institute received the prestigious international US Business News…
