Skip to main content

Cyber security as a Service Market - Rising Sophistication of Cyber Attacks Compel Increased Adoption of Cyber Security Measures

The vendor landscape of the global cyber security as a service market is becoming increasingly crowded and competitive, observes Transparency Market Research in a recent report. Rapid adoption of cyber security as a service across the world has led helped many companies to innovate and develop cyber security solutions and services. Owing to the increased demand, a large number of start-ups have emerged in the cyber security market in order to establish significant presence in the market.
Some of the leading companies in the global cyber security as a service market are AT&T, Armor Defense Inc., BlackStratus, Capgemini, Choice CyberSecurity, Transputec Ltd, Cloudlock (Cisco), BAE Systems, FireEye, Inc., Optiv Security Inc., LookingGlass Cyber Solutions, Inc., and Tata Consultancy Services Limited.
According to the report, the global cyber security as a service market is expected to reach US$87.59 bn in revenue by 2025, rising from US$ 30.91 Bn in 2016. The market is estimated to expand at an impressive CAGR of 12.5% from 2017 to 2025.
Of the key cyber security services provided by the market, the segment of auditing and logging is expected to surge during the forecast period. Auditing and logging applications are used in the organizations to audit unauthorized access performed on internal systems or network and are witnessing an increased uptake across small- and medium-sized enterprises that are increasingly relied upon data saved on cloud networks.
Geographically, the market in North America presently dominates the global cyber security as a service market accounting for the dominant share of revenue and is expected to dominate over the forecast period as well.
Global cyber security as a service market is mainly driven by the increased adoption of cyber security as a service across small- and medium-sized enterprises. As majority of the cyber-attacks are targeted at small and medium companies due to limited awareness and investment for the cyber security solutions, enterprises are becoming increasingly mindful regarding the need to adopt effective security solutions. Further, security breaches are becoming more sophisticated and intruders are well funded to develop advanced evasion techniques to enter the small and medium enterprise network unnoticed.
Using high level of expertise and special tools, cyber security service providers can support small and medium enterprises in threat detection and mitigation. Further, with the increasing adoption of cloud deployment across industries, concerns about cloud security are also increasing and organizations are spending on security solutions and services for the end-to-end security of their cloud data. Moreover, the rising number of devices connected to internet and a vast surge in adoption of trends such as bring your own device (BYOD) are anticipated to drive the cyber security as a service market. The number of smart devices that are connected to the internet is high and this number is expected to grow exponentially in the years to come, driving the increased need for effective cyber security measures in place.

Comments

Post a Comment

Popular posts from this blog

Global Thin Wafer Processing and Dicing Equipment Market - A cutting-edge technology, industry survey and new business opportunities 2024

Global Thin Wafer Processing and Dicing Equipment Market: Overview Rising demand for three dimensional integrated circuit used extensively across various miniature semiconductor devices is one of the important factor anticipated to boost the demand for thin wafer processing and dicing equipment in the coming years. Three dimensional integrated circuit are increasingly adopted across various space constrained applications including portable consumer electronic devices, sensors, MEMS and industrial products as it increases the overall performance of the products in terms of speed, durability, low power consumption, light weight and memory. Moreover, three dimensional integrated circuit also helps to reduce the area of consumption in a printed circuit board and in turn enables extensive cost reduction. Thin wafer of thickness 20 um – 50 um is an integral part of the three dimensional integrated circuit technology. Thus, anticipated increasing demand for three dimensional integra...
1 comment
Read more

Automotive Valves Market to Showcase Continued Growth in the Coming Years

The global  automotive valves market  is anticipated to be pampered by the soaring demand for automobiles underlining the significance of the valves in evaluating their performance. Automobiles equipped with ecofriendly and advanced engines being highly demanded are envisioned to subsequently benefit the growth of the market. Owing to the inclination of consumers toward electric automobiles, solenoid valves could welcome a growing demand in the market. The electrification of automobiles, introduction of sophisticated technology, and increased manufacturing are projected to be crucial factors important for the growth of the market. New government regulations enforced on automobile manufacturers for safeguarding the environment could augment the demand for automotive valves with the production of efficient and environment-friendly automobiles. Request A Sample Report @  https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=30977 The global a...
Post a Comment
Read more

RFID Tags Market is Expected to Grow at the Highest CAGR During the Forecast Period

Key players in the  U.S. RFID tags market  are Atmel Corporation, HID USA Corporation, Invengo Information Technology Ltd. Co., and NXP Semiconductors N.V. Competition among them and among other players are expected to heat up further over the course of next few years as they try to expand their market shares both via the inorganic route of mergers and acquisitions and organic route of product development and diversification. A report on the market published by Transparency Market Research finds that it would rise at an 8.5% CAGR over the course of the forecast period starting from 2017 and ending in 2025. At this pace, the market which was valued at US$809.4 mn in 2016, will likely become worth US$1,672.5 mn by 2025-end. Get PDF Sample of This Report @  https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=24536 The two types of RFID tags available in the market are active and passive tags. Between the two, the demand for passive RFI...
Post a Comment
Read more