Industry Dynamics:Cyber security as a Service Market Is Set to Boom in Coming?Ye

Posted by RASHMI on March 7th, 2019

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.

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.

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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.