As MSPs continue to flourish worldwide, given the unstoppable growth of cloud transformation, securing the cloud and the data, applications, and services delivered via the cloud is top of mind.

According to Meticulous Research, 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 report defines cybersecurity-as-a-service as a “cloud-based approach to outsourcing cybersecurity, where security services are provided on a subscription basis and hosted by cloud providers. Security-as-a-service solutions have gained popularity among corporate infrastructures as they enable businesses to scale their security needs as they grow, reduce the burden on in-house security teams, and avoid the costs and maintenance of on-premises alternatives.”

In partnership with Pax8, the leading cloud commerce marketplace, CrowdStrike (Nasdaq: CRWD) will have a presence on its marketplace later this year, making CrowdStrike product bundles available to Pax8’s more than 29,000 MSP partners, who serve more than 400,000 small and medium-sized businesses. The partnership was announced in early June 2023.

“Pax8 and CrowdStrike have a shared appreciation for the critical role MSPs play in protecting businesses of all sizes and helping IT and security teams close the skills gap to take on modern adversaries. This partnership brings the unparalleled capabilities of the CrowdStrike Falcon platform to the leading cloud marketplace for MSPs,” CrowdStrike co-founder and CEO George Kurtz stated in a press release.

“MSPs will be able to instantly deploy CrowdStrike — without a reboot — and take advantage of consolidated billing and provisioning automation. Pax8 and CrowdStrike are uniquely positioned to empower MSPs to support their customers’ cybersecurity journey, from device to identity to cloud to data and beyond, with the same cutting-edge XDR technology selected by the world’s leading and largest enterprises.”

During a recent CrowdStrike earnings call, Kurtz also said, “This partnership provides CrowdStrike a born-in-the-cloud route to market for MSP consumption and a prime opportunity to displace the legacy AV and next-gen product vendors Pax8 partners use today. MSPs are increasingly turning to the Pax8 Marketplace for ease of product purchase, rapid software deployment, and fully integrated billing to run their businesses, including cybersecurity.”

Pax8, which processes more than one million monthly transactions on its fully integrated marketplace (which makes it easy for MSPs and their customers to discover, buy, provision, manage, and bill for cloud-based services, including cybersecurity), will provide access to bundled product offerings of the CrowdStrike Falcon® platform.

“Pax8 is thrilled about our partnership with the cybersecurity market leader CrowdStrike, as our collaboration will bring together two powerhouses in the Security and IT industry to deliver cutting-edge cybersecurity solutions in the channel,” said John Street, CEO at Pax8. “As the cybersecurity landscape becomes increasingly complex, Pax8 realizes the continuous demand of our partners for top-tier security solutions that can be seamlessly integrated into their cloud offerings. By teaming up with CrowdStrike, MSPs will stay ahead of evolving threats, delivering exceptional value to their customers through the market’s leading XDR platform.”

The strategic alliance between Pax8 and CrowdStrike represents a significant milestone in Pax8’s efforts to expand its global market presence and offer industry-leading security solutions to partners. This collaboration creates a powerful synergy that brings immense benefits to partners, customers, and the overall growth and innovation of the IT channel.

“The partnership between Pax8 and CrowdStrike unlocks the synergistic potential of our innovative cloud marketplace and CrowdStrike’s exceptional cybersecurity solutions,” Street added. “With our combined strengths, we are well-positioned to drive advancements and provide unparalleled value in the realm of cybersecurity within the channel. The palpable excitement surrounding this partnership reflects the shared anticipation of the opportunities it will bring to both companies.”

CrowdStrike is the leader in detection and response across the attack surfaces that create enterprise risk: endpoints, cloud, identity, and data. The company’s industry-leading cybersecurity platform supports work-from-home and work-from-anywhere employees and contractors, enabling the customer to prevent threats, detect suspicious activity, and respond to incidents — all in real-time, no matter where users or devices are.

CrowdStrike Falcon Spotlight vulnerability management and CrowdStrike Falcon Discover IT hygiene, for example, can be instantly activated in the cloud to simplify and strengthen security. The single lightweight Falcon agent works everywhere, including across cloud workloads and data centers — protecting users on both company-owned and personal devices.

The Falcon platform has emerged as the defining XDR ecosystem of the cybersecurity industry. With CrowdStrike, partners are able to keep customers ahead of an expanding threat environment by delivering industry-leading, artificial intelligence (AI)-powered protection across endpoint, cloud, identity, and data from a unified, modern XDR platform.

Powered by CrowdStrike Security Cloud, the CrowdStrike Falcon platform leverages real-time indicators of attack, threat intelligence, evolving adversary tradecraft, and enriched telemetry from across the enterprise to deliver hyper-accurate detections, automated protection and remediation, elite threat hunting, and prioritized observability of vulnerabilities.

Purpose-built in the cloud with a single lightweight-agent architecture, the Falcon platform delivers rapid and scalable deployment, superior protection and performance, reduced complexity, and immediate time-to-value.

The CrowdStrike offering is set to launch on the Pax8 Marketplace later this year.