Surge In Data Breaches Propels Growth Of The Cybersecurity As A Service Market: The Driving Engine Behind Cyber Security As A Service Market Evolution in 2025

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What Is the Expected CAGR for the Cyber Security As A Service Market Through 2025?
In recent years, the market size for cyber security as a service has seen a rapid increase. Its growth is projected to escalate from $161.15 billion in 2024 to $179.45 billion in 2025, with a compound annual growth rate (CAGR) of 11.4%. The surge during the historic period is due to the escalating number of data breaches, exorbitant expenses linked to on-premise solutions, a rising trend in Small and Medium Enterprises (SMEs) adopting this service, an increase in the number of interconnected devices, and the growing incidents of cyber-attacks.

What's the Projected Size of the Global Cyber Security As A Service Market by 2029?
The market for cyber security as a service is projected to experience substantial growth in the coming years, expanding to a value of $265.46 billion by 2029, with a compound annual growth rate (CAGR) of 10.3%. The growth during the predicted period can be credited to the rising instances of data violations and cyber-attacks, government efforts, the escalating adoption of cloud security measures, the growth in data stored in the cloud and the increase in cyber attacks. Key trends projected for the forecast period encompass innovative technology, the growing trend of BYOD (bring your own device) within businesses, the utilization of cybersecurity solutions, adoption of cloud and virtualization technologies, and the influence of emerging technologies.

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Top Growth Drivers in the Cyber Security As A Service Industry: What's Accelerating the Market?
The escalation in data breaches occurrences is projected to drive the expansion of the cybersecurity as a service market. A data breach is a situation where private, protected, or secret data is breached, copied, moved, viewed, stolen, changed, or utilized without permission. The rise in data breaches can be attributed to advancements in cybercrime, dependence on data, and insufficient security measures. Cybersecurity as a service can mitigate data breaches through persistent surveillance, managing vulnerabilities, incident response, access control, training in security awareness, and aid in compliance. For example, The Identity Theft Resource Center, based in the U.S., reported in January 2023, an increase in data breach incidents by 68% in 2022, with 1,862 incidents reported as compared to 1,108 incidents in 2021. Thus, the escalating occurrences of data breaches contribute to the growth of the cybersecurity as a service market.

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What Trends Will Shape the Cyber Security As A Service Market Through 2029 and Beyond?
Leading organizations in the cyber security as a service market are inventing cutting-edge technologies such as Checkpoint Quantum Titan for improved threat prevention. This integrated solution enhances security visibility, control, and analysis across a multitude of security layers and data sources, offering stronger protection against cyber threats. In October 2022, Check Point Software Technologies Ltd., a software firm from Israel, launched this revolutionary platform. Utilizing artificial intelligence and deep learning, Checkpoint Quantum Titan delivers advanced threat prevention and autonomous IoT security, with a unique ability to identify IoT devices and implement zero-trust threat prevention profiles. The platform's start included investments in three cybersecurity startups, namely, Dig Security, Enso Security, and Zero Networks. The versatile platform is designed to recognize IoT devices and effectively implement zero-trust threat prevention profiles, making it an all-encompassing solution to tackle complex cybersecurity issues.

What Are the Main Segments in the Cyber Security As A Service Market?
The cyber security as a servicemarket covered in this report is segmented -

1) By Security Type: Vulnerability And Security Assessment, Threat Intelligence And Business Analytics, Auditing And Logging, Continuous Monitoring And Encryption, Identity And Access Management, Other Security Types
2) By Organization Size: Large Enterprises, Small And Medium-Sized Enterprises
3) By End User: Retail, Banking, Financial Services, And Insurance (BFSI), Information Technology (IT) And Telecom, Healthcare, Government, Automotive, Other End-Users

Subsegments:
1) By Vulnerability and Security Assessment: Network Vulnerability Scanning, Web Application Security Assessment, Penetration Testing Services, Security Risk Assessments, Compliance Gap Assessments, Endpoint Security Assessment
2) By Threat Intelligence and Business Analytics: Threat Intelligence Platforms, Advanced Threat Analytics, Behavioral Analytics, Security Information and Event Management (Siem), Big Data Security Analytics, Predictive Security Analytics
3) By Auditing and Logging: Log Management Solutions, Audit Trail Management, Compliance Auditing Services, User Activity Monitoring, Log Aggregation and Analysis, Real-Time Logging and Reporting
4) By Continuous Monitoring and Encryption: 24/7 Security Monitoring Services, Intrusion Detection Systems (Ids), Intrusion Prevention Systems (Ips), Encryption Services (Data-at-Rest, Data-in-Transit), Endpoint Monitoring and Protection, Network Traffic Monitoring and Anomaly Detection
5) By Identity and Access Management: Single Sign-On (Sso) Solutions, Multi-Factor Authentication (Mfa), User Identity Verification Services, Role-Based Access Control (Rbac), Identity Governance and Administration, Privileged Access Management (Pam)
6) By Other Security Types: Cloud Security, Application Security, Disaster Recovery and Business Continuity Services, Data Loss Prevention (Dlp), Network Security, Zero Trust Security Solutions, Email Security

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Which Top Companies are Driving Growth in the Cyber Security As A Service Market?
Major companies operating in the cyber security as a service market are 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.

Which Regions Will Dominate the Cyber Security As A Service Market Through 2029?
North America was the largest region in the cybersecurity as a service market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cyber security as a service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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