Cyber Security Market Size, Share, and Growth Analysis

Global Cyber Security Market

Cyber Security Market Size, Share & Trends Analysis Report, By Component (Solutions & Services), By Organization Size, By Deployment (Cloud, and On- Premises), By industry (BFSI, Healthcare, IT) By Region, And Segment Forecast, 2025-2032


Report ID: SQMIG45A2612 | Region: Global | Published Date: May, 2025
Pages: 193 |Tables: 149 |Figures: 78

Format - word format excel data power point presentation

Cyber Security Market Insights

Global Cyber Security Market size was valued at USD 168.0 billion in 2023 and is poised to grow from USD 194.38 billion in 2024 to USD 624.18 billion by 2032, growing at a CAGR of 15.7% during the forecast period (2025-2032).

The Global cybersecurity market is growing exponentially, propelled by the fast rate of the proliferation of devices connected to the Internet, digitalization efforts, and the increasing level of sophistication and frequency of cyber-attacks across industries. Organizations are spending more on sound security frameworks to safeguard critical infrastructure, information, and IT systems from ransomware, phishing, distributed denial of service (DDoS), and advanced persistent threats (APTs). The development of hybrid workspaces and cloud-based environments has greatly expanded the threat surface, Endpoint detection and response (EDR), leading to the need for enterprises to implement zero-trust architectures, extended detection and response (XDR) along with secure access service edge (SASE) models. Governments across the world are enforcing stricter regulations and compliance requirements, like the EU's GDPR, the U.S. CISA Zero Trust Maturity Model, and APAC's increasing cyber norms, compelling organizations to embrace proactive security controls. The banking and financial services, healthcare and critical infrastructure industries are also front-runners as a result of their susceptibility to data breaches and regulatory needs. An influx of identity and access management (IAM) solutions is countering insider threats and credential theft fears, especially amid the mainstream adoption of multi-cloud strategies. SMEs, long underserved, are increasingly turning to managed security service providers (MSSPs) and cybersecurity-as-a-service (CSaaS) solutions to fill skills gaps and protect their operations affordably.

How Is AI Revolutionizing and Enhancing the Cybersecurity Space?

Artificial intelligence (AI) is transforming the cybersecurity industry with smarter threat detection, faster response times, and less human involvement in sophisticated security tasks. AI-based tools are able to process huge amounts of data in real-time to detect anomalies, flag zero-day attacks, and forecast potential threats ahead of time. ML models are constantly evolving to changing attack patterns with fewer false positives & better accuracy. AI facilitates automatic incident response and enables systems to lock down breaches immediately without having to await human intervention. AI assists in threat hunting and automates workflows within security operations centers (SOCs), enhancing productivity during a worldwide shortage of cybersecurity professionals. With cyber threats increasing in complexity, AI-powered solutions are becoming the necessity to make defenses stronger, safeguard digital assets, and extend security in ever-growing complex IT landscapes.

How is quantum cryptography impacting the cybersecurity of the future?

The advent of quantum cryptography is increasingly becoming a key driver in the cybersecurity space as quantum computing is poised to make classical methods of encryption obsolete. Quantum cryptography, specifically quantum key distribution (QKD), uses quantum mechanics to establish theoretically unbreakable communication channels, making it a key solution for protecting sensitive information from quantum attacks in the future. As quantum computers develop, able to break complex problems exponentially quicker than classical machines, organizations are actively investing in quantum-resistant algorithms to protect the integrity of long-term data. Industry leaders such as IBM, Google, and quantum tech start-ups are speeding post-quantum cryptography research, forcing governments and industries to start planning for a post-quantum reality by incorporating quantum-safe protocols into their cybersecurity systems now.

Market snapshot - 2025-2032

Global Market Size

USD 168.0 billion

Largest Segment

Cloud Based

Fastest Growth

Cloud Based

Growth Rate

15.7% CAGR

Global Cyber Security Market ($ Bn)
Country Share for Asia Pacific Region (%)

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Cyber Security Market Segments Analysis

Global Cyber Security Market is segmented by Offering, Deployment Mode, Organization Size, Industry Vertical and region. Based on Offering, the market is segmented into Solutions and Services. Based on Deployment Mode, the market is segmented into On-Premises, Cloud Based and Hybrid. Based on Organization Size, the market is segmented into Small Enterprises, Medium Enterprises and Large Enterprises. Based on Industry Vertical, the market is segmented into Banking, Financial Services, and Insurance (BFSI), Healthcare & Life Sciences, Aerospace & Defense, Manufacturing, IT & Telecommunication, Retail & E-commerce, Energy & Utilities, Transportation & Logistics, Media & Entertainment, Government and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. 

Why Does the On-Premise Deployment Segment Continue to Hold Significance Despite Fading Growth?

According to the Study, in the global cyber security market, the cloud deployment segment leads the pack of the global cyber-security market with a strong CAGR of 12.3%. The growth is fueled by unrivaled scalability, cost-effectiveness, and its ability to handle varied applications across various industries, particularly telecom. Cloud platforms enable companies to develop quickly and scale operations cost-effectively, addressing growing demands for agility and sophisticated digital transformation solutions. Despite of issues like cloud misconfiguration and increased social engineering attacks, innovations in Identity and Access Management & safe data backup technology are reducing risks and driving growth.

Why Does the On-Premises Deployment Segment Remain Important Segment?

The on-premises deployment category is the second largest in the global cybersecurity market and is increasing at a CAGR of 10.5%. It still holds significance because most organizations want direct management of their infrastructure and data due to security and compliance considerations. This category is attractive to organizations needing bespoke security environments and very strict regulatory requirements. Its growth is, however, slower than cloud deployment due to a steady change of market preference. Our study witnessed that on-premises solutions keep developing with implementations of innovative security technologies, like AI and observability tools, to deal with sophisticated security issues and complement hybrid security strategies in companies.

Global Cyber Security Market Analysis by Deployment

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Cyber Security Market Regional Insights

Why Is North America the Leading Region in the Global Cyber-Security Market?

North America is the dominant market for global cyber security market valued USD 74.05 billion in 2024. North America superiority to its advanced digital infrastructure and strong cyber threat awareness, and comprehensive regulatory regimes such as the California Consumer Privacy Act (CCPA) and sector-specific compliance requirements. The United States is the leader in public and private investment in cyber-security, with top technology firms and defense organizations actively developing threat detection, endpoint protection, and data privacy technologies. It also has a big talent pool of skilled cyber-security experts and highly developed research centers that fuel ongoing innovation. Government efforts, including augmented federal investment in cyber defense, further support North America as the most advanced and powerful cyber-security marketplace in the world.

United States Cyber Security Market

The United States cybersecurity market is supported by strong government programs, including the Cybersecurity and Infrastructure Security Agency (CISA) initiatives and Executive Order 14028 aimed at improving national cybersecurity measures. Several programs such as the National Cybersecurity Protection System and the Continuous Diagnostics and Mitigation (CDM) program are fortifying defense systems. Private sector cooperation in the form of alliances with Microsoft, IBM, and Palo Alto Networks is seen through the creation of innovative solutions. Federal grants for state cyber programs and investment in critical infrastructure protection further boost the market's growth.

Canada Cyber Security Market

Canada cybersecurity market is increasing steadily on the back of robust national programs like the National Cyber Security Strategy and initiatives by the Canadian Centre for Cyber Security to protect critical infrastructure. The Cybersecure Canada certification program is vital in assisting SMEs in becoming more cyber resilient. Strategic partnerships with the industry leaders like Fortinet & CrowdStrike facilitate the creation of customized solutions for Canadian businesses. Government investments in quantum resistant cryptography are intended to offset future threats and collaborations through the Five Eyes alliance continue to strengthen national defense systems.

Why Asia-Pacific Is the Most Rapidly Growing Region in the Cyber-Security Market?

Asia Pacific is becoming the fastest growing region in cyber-security market, growing at a strong CAGR of 13.5%. This is driven by the rapid digitalization of the region, growing internet penetration, and the rise in cloud computing adoption, particularly in nations such as China, India, Japan, and South Korea.

APAC governments are putting in place national cyber-security plans and data protection legislations, leading businesses to spend more on security infrastructure. The heightening of cyber threats against critical infrastructure and banks has also increased the need for strong defense systems. The increasing number of startups and SMEs adopting digital platforms also fuel intensified demand for cost-effective, scalable security solutions, making Asia-Pacific a driving force for future growth.

China Cyber Security Market

China's cyber-security market is heavily influenced by its Cybersecurity Law and government-led measures focusing on critical infrastructure and national security. China's Cybersecurity Administration of China (CAC) regulates and encourages domestic cyber technology development. Self-sufficient attempts by the government have initiated collaborations with top technology companies such as Huawei and Tencent on AI-based threat detection. Awareness campaigns are also important in strengthening digital security. Industrial digitalization, under Made in China 2025 and the Belt and Road Initiative, is accelerating rapidly. Rapid expansion of cyber-security needs has been answered by major investments in cloud security, data encryption, and blockchain to protect sensitive information from threats. Stringent data localization regulations are also giving a boost to local vendor development making China a significant player in the new global cyber-security environment.

India Cyber Security Market

India is quickly developing its cyber-security environment through a combination of strategic government efforts and business sector cooperation.

The National Cyber Security Policy details work toward securing strategic sectors like finance, healthcare, and energy. Initiatives such as Cyber Swachhta Kendra augment national security by detecting and clearing malware. Public-private collaborations with leading companies such as Wipro and TCS are facilitating the establishment of sophisticated security solutions. The Digital India program has hastened the country's digital growth, leading to increased demand for secure cyber infrastructure. Suggested legislation such as the Digital Personal Data Protection Act is tackling new privacy issues. Investments in skill improvement and setting up cyber response teams across the country are further adding to the ecosystem, making India a high-potential cyber-security market in Asia-Pacific.

How is Europe Sustaining its Supremacy in Cyber Security Sector?

Europe's cyber-security market is valued USD 47.11 billion in 2024. The market is fueled by stringent regulatory environments rising cyber threats, and deepening digitalization of key sectors. The GDPR (General Data Protection Regulation) has played an important role in defining strong security practices across sectors along with forcing organizations to spend big on compliance and data security. National cyber-security strategies are being put in place by European governments, with Germany, France, and the UK ahead in threat intelligence, cyber defense infrastructure, and public-private partnerships. Increased ransomware attacks and geopolitical tensions have further fueled demand for sophisticated security solutions.

United Kingdom Cyber Security Market

The United Kingdom cyber security market is valued USD 25.27 billion by 2032. It is supported by the National Cyber Security Strategy and led by the National Cyber Security Centre (NCSC) which plays a pivotal role in promoting national resilience. Government spending of over £1 billion on cyber-R&D signifies a forward-thinking response to meeting advanced threats. Schemes such as Cyber Essentials provide SMEs with certification to enhance basic cyber hygiene. Front-running companies like Darktrace and BT Group are utilizing machine learning to develop cyber defense technologies. The UK emphasizes safeguarding key sectors like the NHS, energy, and transport infrastructure. The UK's involvement in EU and NATO cyber initiatives and the Cyber Innovation Fund launch indicate its international leadership and innovation drive.

Germany Cyber Security Market

Germany's cyber-security industry is fueled by strong national frameworks like the BSI Act and the National Cyber Security Strategy 2021, which reflect its dedication towards safeguarding critical infrastructure and digital assets.

The launch of the Cyber Defense Operations Command (CIR) reflects the prioritization of national cyber defense in the country. Germany also comes in line closely with the EU standards within the Cybersecurity Act, bolstering its regulatory and innovation landscape. Leading firms like SAP and Siemens are at the forefront, deploying AI-powered solutions tailored for Industry 4.0 and smart factory security. Government backed research at Fraunhofer institutes is fostering technological advancement. while investments targeting supply chain example a proactive and multi layered approach to cyber risk mitigation.

Global Cyber Security Market By Geography
  • Largest
  • Fastest

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Cyber Security Market Dynamics

Cyber Security Market Drivers

The ascent of Ransomware-as-a-Service (RaaS) stands as a pivotal catalyst propelling the global cyber-security market forward.

  • The explosion of Ransomware-as-a-Service (RaaS) is a key driver of the growth in the global cybersecurity market.
  • By offering cybercriminals simple access to advanced ransomware tools via intuitive platforms. RaaS reduces the technical hurdles historically necessary to carry out attacks and greatly increasing the pool of potential attackers. This democratization of ransomware has created an explosion in frequency and sophistication of attacks, compelling organizations to spend considerable sums on sophisticated cybersecurity tools. Notable cases like the 2021 Colonial Pipeline attack and supply chain breaches of MOVEit software underscore the drastic economic and social consequences of these threats. Ransomware gangs ordered over $1 billion in cryptocurrency payments alone in 2023. This clearly indicates to the market the size of the issue that has grown. As RaaS operators continue to evolve their product with faster encryption and automated attack capabilities.

Quantum Cryptography is Unlocking New Value in Global Cybersecurity

  • The development of quantum cryptography is a revolution in cybersecurity since quantum computing has the potential to render classical encryption techniques useless. Unlike intricate math-based classical cryptography quantum key distribution (QKD) utilizes principles like superposition and entanglement to create virtually unbreakable communication links, even for the most powerful quantum computers. QKD is thus critical to guarantee secure sensitive data in high-risk sectors like finance, government, and infrastructure. As per study, QKD's potential and the imperative to increase encryption resilience against the quantum threat. Supportive developments include ETSI QKD standards and industry collaborations like the Quantum-Safe Security Working Group, boosting adoption efforts.

Cyber Security Market Restraints

Addressing regulatory challenges represents a significant hurdle

  • The global cyber security market faces significant challenges due to the fragmented and complex regulatory landscape. Differing regulations such as the European union GDPR &the United States CCPA mandate stringent data protection needs and substantial fines with vendors investing heavily in compliance. Definitions of personal data and breach notification varying between jurisdictions complicate cross-border transactions, raising compliance costs.Data localisation rules also inhibit the use of cloud-based security technologies by mandating storage of data within country boundaries. Such regulatory complexity hamper innovation and deters small participants from entering the market, limiting growth. To overcome these hurdles, companies must simplify regulation automate compliance and invest in adaptable cyber security solutions, encourage cultures of compliance and proactively engage with regulators and industry groups to obtain advice and plead their case.

The main barrier to the global cyber security market is the lack of talent and the existence of skills gaps.

  • The global cyber-security market is significantly restrained by a critical shortage of skilled professionals amid rapidly evolving cyber threats.
  • Attackers never stop finding new vulnerabilities quicker than organizations can update them, enhancing exploitation threats. Based on the (ISC) Cybersecurity Workforce Report 2023, there exists a worldwide shortage of almost 4 million cyber-security professionals. This shortage of talent is due to increasing complexity in cyber-security roles, where skills related to fields like threat intelligence, incident response, cloud security, and more are required areas where traditional education has been unable to catch up. The COVID-19 increased the digital transformation further accelerated the need for cyber security skills based on remote work and cloud adoption. Lacking adequate talent, organizations are unable to create and implement effective security solutions, making them more vulnerable. To meet this, firms need to invest in learning and development, partner with academics and industry, provide competitive incentives, tap into new technology, and promote a culture of ongoing learning and cyber awareness.

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Cyber Security Market Competitive Landscape

The global cyber-security market competitive environment is characterized by aggressive innovation, strategic acquisitions, and ecosystem collaborations among market leaders. Companies like Palo Alto Networks, Cisco Systems, and Fortinet are enhancing their leadership positions through the employment of AI-based threat detection platforms and extended managed security services. Palo Alto 2022 Cortex XSIAM platform for example, employs automation and AI to combine SOC functions, reducing incident response times significantly. Cisco purchase Splunk for USD 28 billion in 2023 is a bold move to combine observability with cyber security capabilities. At the same time, CrowdStrike is enhancing its endpoint security solutions through its Falcon platform, extending into identity threat detection and cloud workload protection. IBM and Microsoft are further establishing partnerships with governments and financial institutions to customize zero-trust models. Similarly, tie-ups such as Google Cloud's acquisition of Mandiant provide next-generation incident response capabilities. These strategic moves speak to a transition away from product-based models toward end-to-end, integrated security ecosystems that prioritize agility, scalability, and resilience.

Top Player’s Company Profiles

  • Microsoft Corporation
  • IBM Corporation
  • Cisco Systems, Inc.
  • Accenture PLC
  • BAE Systems PLC
  • Thales SA
  • Palo Alto Networks, Inc.
  • Akamai Technologies, Inc.
  • Fortinet, Inc.
  • Gen Digital, Inc. (formerly NortonLifeLock + Avast)
  • F5, Inc. (formerly F5 Networks, Inc.)
  • Trend Micro Incorporated
  • CrowdStrike Holdings, Inc.
  • Check Point Software Technologies Ltd.
  • Broadcom Inc.
  • Rapid7, Inc.
  • CyberArk Software Ltd.
  • Qualys, Inc.
  • Dell Technologies Inc.
  • Zscaler, Inc.

Recent Developments in Cyber Security Market

  • In March 2025, Microsoft launched a large-scale deployment of its Security Copilot platform with the introduction of AI based agents that can automatically manage large-scale security operations. The agents address major areas such as phishing, data protection, and identity. which are designed to counterbalance the workload of overwhelmed security teams. Microsoft blocked over 30 billion phishing emails that were sent to customers, illustrating the need for automating solutions. The agents introduced include a phishing triage agent and can handle routine alerts enabling human defenders to focus on more advanced threats.
  • On August, 2024, IBM unveiled a new generative AI-powered security assistant, developed on its watsonx platform, on August 5, 2024, to boost its Threat Detection and Response (TDR) capabilities. The assistant is designed to speed up and enhance the detection, investigation, and response to significant security threats. Through the integration of sophisticated AI features, it helps IBM Consulting security experts streamline clients' security operations. Features of the assistant include correlation analysis of past similar threats and a conversational engine, which offers real-time insights and assistance on operational activities.
  • In April 2025, Cisco Systems in April 2025 moved forward with AI security features through new tool integrations and strategic partnerships. To this end, Cisco's Extended Detection and Response (XDR) platform is now integrating with Splunk Security, making threat detection more robust, and response speeds quicker, using AI-powered speeds. Cisco has also collaborated with NVIDIA to create a converged architecture for AI-ready data center networks, combining Cisco's network software with NVIDIA's Spectrum-X.

Cyber Security Key Market Trends

Cyber Security Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research. 

According to SkyQuest analysis, the global cybersecurity market is growing rapidly as cyberattacks become more frequent and sophisticated and target BFSI, healthcare, and retail sectors. The cloud segment is dominating as more businesses are fast-tracking multi-cloud adoption due to tighter data protection laws. Machine learning and artificial intelligence are transforming the threat detection process, with numerous large organizations now making use of AI for dynamic threat analysis in real-time. Regulatory models like GDPR & CCPA are compelling companies to invest heavily in cybersecurity. increasingly sophisticated threats and a shortage of skilled professionals have given rise to the need for Managed Security Service Providers whose market grew exponentially. Zero Trust architecture adoption increased by 55 percent. Companies with an emphasis on continuous validation and granular access management to enhance security.

Report Metric Details
Market size value in 2023 USD 168.0 billion
Market size value in 2032 USD 624.18 billion
Growth Rate 15.7%
Base year 2024
Forecast period 2025-2032
Forecast Unit (Value) USD Billion
Segments covered
  • Offering
    • Solutions
    • Services
  • Deployment Mode
    • On-Premises
    • Cloud Based
    • Hybrid
  • Organization Size
    • Small Enterprises
    • Medium Enterprises
    • Large Enterprises
  • Industry Vertical
    • Banking Financial Services and Insurance (BFSI)
    • Healthcare & Life Sciences
    • Aerospace & Defense
    • Manufacturing
    • IT & Telecommunication
    • Retail & E-commerce
    • Energy & Utilities
    • Transportation & Logistics
    • Media & Entertainment
    • Government
    • Others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Microsoft Corporation
  • IBM Corporation
  • Cisco Systems, Inc.
  • Accenture PLC
  • BAE Systems PLC
  • Thales SA
  • Palo Alto Networks, Inc.
  • Akamai Technologies, Inc.
  • Fortinet, Inc.
  • Gen Digital, Inc. (formerly NortonLifeLock + Avast)
  • F5, Inc. (formerly F5 Networks, Inc.)
  • Trend Micro Incorporated
  • CrowdStrike Holdings, Inc.
  • Check Point Software Technologies Ltd.
  • Broadcom Inc.
  • Rapid7, Inc.
  • CyberArk Software Ltd.
  • Qualys, Inc.
  • Dell Technologies Inc.
  • Zscaler, Inc.
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Cyber Security Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Cyber Security Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Cyber Security Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Cyber Security Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Cyber Security Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Cyber Security Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

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FAQs

Global Cyber Security market size was valued at USD 235.8 Billion in 2023 and is poised to grow from USD 267.16 Billion in 2024 to USD 725.46 Billion by 2032, growing at a CAGR of 13.3% in the forecast period (2025-2032).

The global cyber-security market competitive environment is characterized by aggressive innovation, strategic acquisitions, and ecosystem collaborations among market leaders. Companies like Palo Alto Networks, Cisco Systems, and Fortinet are enhancing their leadership positions through the employment of AI-based threat detection platforms and extended managed security services. Palo Alto 2022 Cortex XSIAM platform for example, employs automation and AI to combine SOC functions, reducing incident response times significantly. Cisco purchase Splunk for USD 28 billion in 2023 is a bold move to combine observability with cyber security capabilities. At the same time, CrowdStrike is enhancing its endpoint security solutions through its Falcon platform, extending into identity threat detection and cloud workload protection. IBM and Microsoft are further establishing partnerships with governments and financial institutions to customize zero-trust models. Similarly, tie-ups such as Google Cloud's acquisition of Mandiant provide next-generation incident response capabilities. These strategic moves speak to a transition away from product-based models toward end-to-end, integrated security ecosystems that prioritize agility, scalability, and resilience.'Microsoft Corporation', 'IBM Corporation', 'Cisco Systems, Inc.', 'Accenture PLC', 'BAE Systems PLC', 'Thales SA', 'Palo Alto Networks, Inc.', 'Akamai Technologies, Inc.', 'Fortinet, Inc.', 'Gen Digital, Inc.', 'F5, Inc. (formerly F5 Networks, Inc.)', 'Trend Micro Incorporated', 'CrowdStrike Holdings, Inc.', 'Check Point Software Technologies Ltd.', 'Broadcom Inc.', 'Rapid7, Inc.', 'CyberArk Software Ltd.', 'Qualys, Inc.', 'Dell Technologies Inc.', 'Zscaler, Inc.'

The explosion of Ransomware-as-a-Service (RaaS) is a key driver of the growth in the global cybersecurity market.

The growth of internet-enabled devices at homes is developing a huge attack surface for cyber attackers. As the adoption of smart thermostats rise security cameras, voice assistants, and other internet-of-things devices as a part of everyday life, the attack surface for cyber-attacks increases manifold. Research indicates that the total number of IoT devices connected globally is expected to exceed 75 billion by the year 2025. The spread of connected devices brings with it the emergence of new security threats such as device firmware vulnerabilities, ineffective authentication systems and unauthorized access to sensitive information. Resulting increase need for IoT security solutions that provide device authentication, encryption, and network segmentation to ward off new threats in the connected home landscape.

Why Is North America the Leading Region in the Global Cyber-Security Market?

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Global Cyber Security Market
Cyber Security Market

Report ID: SQMIG45A2612

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