The Cybersecurity-as-a-Service Market is projected to reach $46.6 billion by 2030, at a CAGR of 17.5% from 2023 to 2030. The growth of the Cybersecurity-as-a-Service market is driven by the increasing significance of cybersecurity in the banking sector, the growing number of data breaches and cyber-attacks, the rising trend of BYOD (bring your own device) in enterprises, and government initiatives aimed at encouraging the adoption of cybersecurity solutions. However, organizations’ concerns regarding the security of cloud-based solutions restrain the growth of this market. Furthermore, the increasing adoption of cloud security solutions among SMEs and the healthcare sector’s growing adoption of Cybersecurity-as-a-Service solutions are expected to create growth opportunities in the market. However, one of the major challenges for players operating in this market is the lack of awareness and misconceptions regarding Cybersecurity-as-a-Service solutions among potential customers.
Here are the top 10 companies operating in the Cybersecurity-as-a-Service Market
Founded in 2011 and headquartered in Texas, U.S., CrowdStrike is a leading provider of cybersecurity solutions. The company offers advanced cloud-native platforms for protecting critical areas of enterprise risk endpoints and cloud workloads, identity, and data. The company operates in the market through two business segments: Subscription and Professional Services.
The company’s Cybersecurity-as-a-Service portfolio comprises next-generation endpoint protection, endpoint detection and response, next-generation anti-virus, managed threat hunting, incident response, threat intelligence, malware prevention and malware detection.
Trend Micro Incorporated. (Japan)
Founded in 1988 and headquartered in Tokyo, Japan, Trend Micro is the global leader in enterprise cloud security, XDR, and cybersecurity platform solutions. The company’s cybersecurity platform protects organizations across clouds, networks, devices, and endpoints. The company provides Cybersecurity-as-a-Service for the healthcare, manufacturing, and automotive sectors.
Trend Micro offers InterScan Web Security-as-a-Service solution. This solution provides the broadest range of interconnected threats and data protection across endpoints, email and collaboration, web, and mobile devices.
Incorporated in 2009 and headquartered in California, U.S., Okta is a leading provider of identity and access management solutions. The company provides cloud software that helps companies manage and secure user authentication into applications and for developers to build identity controls into applications, website web services and devices. The company operates in the market through two business segments: Subscription and Professional Services and Other. The company’s Cybersecurity-as-a-Service portfolio comprises customer identity and workforce identity cloud.
Radware Ltd. (Israel)
Founded in 1996 and headquartered in Tel Aviv-Yafo, Israel, Radware is a global leader in cyber security and application delivery solutions for physical, cloud, and software-defined data centers. The company’s cybersecurity solutions portfolio delivers service level assurance for business-critical applications. The company offers cloud security services to protect from multi-vector threats and optimize application performance. The company operates in the market through two business segments: Products and Services.
Radware’s Cloud WAF Service provides the industry’s best web application security by using a positive security model based on machine learning technologies to provide comprehensive protection coverage against other vulnerabilities.
Founded in 2011 and headquartered in Bangalore, India, Happiest Minds is a digital transformation IT consulting & services company focusing on Big Data, Analytics Cloud, Mobility & Security for better business. The company’s Cybersecurity-as-a-Service portfolio comprises identity & access management, data protection & privacy, SIEM, Threat Intelligence, and integrated security-as-a-service (iSaaS). The company operates in the market through six business segments, namely, Digital Infra/Cloud, SaaS, Analytics / AI, Security, IoT, and Other.
Meticulous Research in its latest publication on Cybersecurity-as-a-Service Market has predicted the growth of 17.5% during the forecast year 2023-2030.
Fortinet, Inc. (U.S.)
Incorporated in 2000 and headquartered in California, U.S., Fortinet is a leading provider of security appliances. The company’s portfolio of security gateways, subscription services, and complementary products delivers network, content, and cybersecurity for enterprises of all sizes, service providers, and telecommunications carriers. The company operates through two business segments: Product and Service. The company’s cybersecurity services portfolio comprises FortiCare professional services, managed cloud security services, identity governance, and endpoint detection and response services.
Founded in 1999 and headquartered in California, U.S., Qualys is a leading provider of disruptive cloud-based IT, security, and compliance solutions. The company’s Cloud Platform and integrated apps help businesses simplify security operations and lower the cost of compliance by delivering critical security intelligence on demand and automating the full spectrum of auditing, compliance and protection for IT systems and web applications. The company’s cybersecurity portfolio comprises Security SaaS, Continuous Security, Container Security, Cloud Security, Web Application Security, File Integrity Monitoring, Certificate Security, Cybersecurity Asset Management, Vulnerability Management, Patch Management, and Endpoint Detection and Response (EDR).
Forcepoint LLC. (U.S.)
Founded in 1994 and headquartered in Texas, U.S., Forcepoint LLC is a leading provider of cybersecurity solutions. The company develops computer security software and data protection, cloud access security broker, firewall and cross-domain solutions. The company’s DLP (Software as a Service) solution prevents sensitive data exfiltration across cloud, web, and private applications. Also, this solution enables businesses to discover, classify, monitor, and protect data intuitively with zero friction to the user experience.
Incorporated in 2007 and headquartered in California, U.S., Zscaler is a leading provider of cloud security solutions. The company’s Zero Trust Exchange platform protects thousands of customers from cyberattacks and data loss by securely connecting users, devices, and applications. Also, the company’s SaaS security API provides visibility and security for sanctioned SaaS applications used in organizations.
Zscaler’s cybersecurity portfolio comprises Zero Trust, SASE, Cloud Security, CASB, Secure Web Gateways, Secure Remote Access, Cloud Sandbox, Cloud Firewall, and SSE.
Alert Logic, Inc. (U.S.)
Founded in 2002 and headquartered in Texas, U.S., Alert Logic is a leading provider of security and compliance solutions. The company provides security-as-a-service solutions for cloud, on-premise, and hybrid infrastructure to deliver deep security insights and continuous protection. The company’s security-as-a-service portfolio comprises threat, log, and web security management and vulnerability assessment.
Authoritative Research on the Cybersecurity-as-a-Service Market – Global Opportunity Analysis and Industry Forecast (2023-2030)
Need more information? Meticulous Research®’s new report covers each of these companies in much more detail, providing analysis on the following:
- Recent financial performance
- Key products
- Significant company strategies
- Partnerships and acquisitions
The Comprehensive report of Cybersecurity-as-a-Service Market provides global market size estimates, market share analysis, revenue numbers, and coverage of key issues and trends.