Cybersecurity as a Service Market Expected to Hit USD 83.96 Billion by 2034, Registering a CAGR of 16.9%

Cybersecurity as a Service Market

The cybersecurity as a service market is poised to witness robust growth, according to the latest analysis by Polaris Market Research. The market was valued at USD 17.60 billion in 2024. With a CAGR of 16.9% during 2025-2034, the market is projected to reach USD 83.96 billion by 2034.

Market Introduction
Cybersecurity as a Service (CSaaS) is a cloud-based, subscription-driven model that delivers comprehensive cybersecurity solutions through third-party providers. Instead of managing in-house security infrastructure and personnel, organizations can outsource their cybersecurity needs to specialized service providers. These service providers offer a range of protections, including threat monitoring, vulnerability assessments, data encryption, intrusion detection, firewall management, and incident response. The CSaaS model enables businesses to access advanced security tools and expertise without the high upfront costs of hardware. Also, CSaaS takes away the burden of maintaining an in-house security team.

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Market Dynamics
Surge in Ransomware and Advanced Persistent Threats
The surge in ransomware attacks and advanced persistent threats (APTs) is a key factor propelling the cybersecurity as a service market demand. These attacks exploit vulnerabilities in digital systems and demand high-value ransoms. As such, they cause severe financial and operational disruptions. APTs are prolonged and stealthy. They infiltrate networks over time to extract sensitive information or sabotage business operations. Thus, businesses are increasingly adopting CSaaS models to gain access to continuous threat monitoring and behavioral analytics.

Adoption of IoT and Connected Devices
The rapid proliferation of IOT and connected devices is creating more security risks and making IT systems more vulnerable. As such, enterprises are turning to advanced and scalable cybersecurity solutions. This, in turn, is boosting the demand for CSaaS to protect their networks and data. Cybersecurity as a service providers address the security challenges by offering centralized monitoring, and device authentication, thereby safeguarding IoT ecosystems.

Market Key Players
The market is characterized by intense competition. Key market participants are expanding their service portfolios and strengthening their offerings to garner a market share. A few of the leading market participants include:
• IBM Corporation
• Cisco Systems Inc.
• Palo Alto Networks Inc.
• Fortinet Inc.
• Trend Micro Inc.
• CrowdStrike Holdings Inc.
• Zscaler Inc.
• Check Point Software Technologies Ltd.
• Rapid7 Inc.
• Trellix
• AT&T Cybersecurity
• Sophos Group plc

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Cybersecurity as a Service Market Report Highlights
• In terms of platform, the managed services segment led the market in 2024, reflecting a clear industry trend where organizations favor comprehensive, outsourced cybersecurity solutions over in-house management to address growing security challenges.

• In terms of end user, the healthcare segment is anticipated to register substantial CAGR growth, primarily due to the exponential adoption of digital health technologies including electronic medical records systems, telehealth solutions, and IoT-connected medical equipment.

• North America accounted for largest global market share in 2024 due to the robust regulatory frameworks and widespread adoption of cloud-based security models.

• Asia-Pacific cybersecurity-as-a-service market is poised for the fastest growth rate, supported by digitalization across sectors and government-led cybersecurity initiatives.

Segmental Analysis
By Service Type Outlook (Revenue, USD Billion, 2020-2034)
• Threat Intelligence & Behavior Analysis
• Auditing & Logging
• Monitoring & Altering

By Security Type Outlook (Revenue, USD Billion, 2020-2034)
• Enterprise Security
• Endpoint Security
• Cloud Security
• Network Security
• Application Security

By Platform Outlook (Revenue, USD Billion, 2020-2034)
• Managed
• Professional

By Enterprise Size Outlook (Revenue, USD Billion, 2020-2034)
• Small and Medium Enterprises
• Large Enterprises

By End User Type Outlook (Revenue, USD Billion, 2020-2034)
• IT & Telecom
• Retail
• BFSI
• Healthcare
• Defense
• Automotive
• Other End Users

Regional Assessment
North America: North America accounted for the largest share of the global cybersecurity as a service market in 2024. The regional market dominance is primarily attributed to the increasing volume of cyberattacks and growing complexity of enterprise IT infrastructures. The strong regulatory enforcement across industries further contributes to the region's leading market position.

Asia Pacific: Asia Pacific is projected to register the fastest growth from 2025 to 2034. This is due to rapid digitization and growing security awareness in the region. The significant technological shift in Asia Pacific with the expansion of cloud computing and e-commerce further contributes to the market growth in the region.
• North America
o US
o Canada
• Europe
o Germany
o France
o UK
o Italy
o Spain
o Netherlands
o Russia
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Malaysia
o South Korea
o Indonesia
o Australia
o Vietnam
o Rest of Asia Pacific

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