Discover trends, market shifts, and competitive outlooks for the cyber security as a service industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

What Is the Estimated Market Size of the Cyber Security As A Service Market In 2029?

The market size of cybersecurity as a service has seen swift expansion in the past few years. The projected growth is from $161.15 billion in 2024 to $179.47 billion in 2025, boasting a compound annual growth rate (CAGR) of 11.4%. The previous period of growth was a product of a spike in data breach incidents, hefty costs linked to on-premise solutions, enhanced uptake by SMEs, an upsurge in connected devices, and a rise in cyber-attack occurrences.

In the coming years, the market for cybersecurity as a service is projected to experience a rapid expansion, growing to $274.63 billion in 2029 with an 11.2% Compound Annual Growth Rate (CAGR). The predicted growth in this period is mainly due to increasing instances of data breaches and cyber-attacks, government initiatives, the growing implementation of cloud security solutions, large amounts of data being stored on the cloud, and a surge in cyberattacks. The forecast period is expected to witness major trends such as innovative technology, increasing use of ‘bring your own device’ (BYOD) in businesses, adoption of cybersecurity solutions, use of cloud and virtualization technologies, and the impact of emerging technologies.

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What External and Internal Drivers Are Contributing to the Growth of the Cyber Security As A Service Market?

The escalating occurrence of data violations is predicted to boost the expansion of the cybersecurity as a service industry in the future. A data violation or breach involves an unauthorized act of accessing, copying, transmitting, observing, stealing, altering, or using sensitive, protected, or confidential data. The rise in data breaches is primarily due to the increasing complexity of cyber crimes, dependency on data, and the absence of sufficient security procedures. Cybersecurity as a service offers effective solutions in curbing data breaches through continuous monitoring, managing system vulnerabilities, responding to incidents, controlling access, promoting security awareness through training, and aiding in compliance. For example, The Identity Theft Resource Center, a non-profit organization based in the U.S, reported a 68% increase in data breach incidents in 2022, with 1,862 breaches in comparison to 1,108 breaches in 2021. Therefore, the surge in data breach incidences is a significant driving force for the expansion of the cybersecurity as a service market.

What Segment Types Define the Cyber Security As A Service Market Structure?

The cyber security as a service market 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 Geographic Areas Hold the Strongest Growth Potential in the Cyber Security As A Service Market?

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.

What Long-Term Trends Are Transforming the Competitive Landscape of the Cyber Security As A Service Market?

Leading firms in the cyber security as a service sector are pioneering novel technologies, amongst them Checkpoint Quantum Titan, aimed at improving defense against advanced threats. This inclusive remedy combines security visibility, scrutiny, and regulation across several security levels and data sources to boost safeguarding against cyber attacks. For instance, Check Point Software Technologies Ltd, a software firm based in Israel, unveiled Checkpoint Quantum Titan in October 2022. This breakthrough cybersecurity platform leverages AI and deep learning to offer superior threat prevention and autonomous IoT security. The platform’s unique feature lies in its ability to detect IoT devices and introduce zero-trust threat prevention profiles. Early investments in this technology have been made in three cybersecurity startups: Dig Security, Enso Security, and Zero Networks. The platform’s capability to efficiently recognize IoT devices and implement zero-trust threat prevention profiles positions it as an all-encompassing solution to tackle intricate cybersecurity issues.

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What Is the Definition of the Cyber Security As A Service Market?

Cybersecurity as a service (CSaaS) is a subscription-based model in which businesses hire external organizations to access cybersecurity capabilities via the Internet or cloud-based platforms. This service provides organizations with scalable, cost-effective, and flexible solutions to address evolving cybersecurity needs, leveraging the expertise and resources of specialized security providers to enhance overall security posture and resilience against cyber threats.

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