Cyber Security Market Size, Share, Trends, Growth Outlook

The Global Cyber Security Market Size is estimated to register 9.8% growth over the forecast period from 2023 to 2030.

 

The market growth is driven by the increasing proliferation of cyber threats, including malware, ransomware, phishing attacks, and more, and continues to be a significant driver for the cybersecurity market. As these threats become more sophisticated, organizations must invest in advanced cybersecurity solutions. Leading Companies that are focusing on IoT and Edge Device Security, Artificial Intelligence and Machine Learning, Zero Trust Security, Biometric and Multifactor Authentication, Evolving Threats in Critical Infrastructure, and others to boost market shares in the industry.

Market Overview

The global cybersecurity market was experiencing significant growth due to rising cyber threats, digital transformation, regulatory compliance, and the integration of AI and automation. Key drivers included the shift to cloud computing, the adoption of Zero Trust security models, and the increasing importance of endpoint security. The market was highly competitive, featuring both established companies and startups, with emerging trends encompassing blockchain and cryptographic technologies, quantum-resistant cryptography, and a focus on user and entity behavior analytics (UEBA).

 

Market Dynamics

Market Trends - The cybersecurity skills gap is a growing problem that is putting businesses and organizations at risk

The cybersecurity skills gap represents a burgeoning challenge that poses a substantial threat to businesses and organizations. As the digital landscape becomes increasingly complex and cyber threats more sophisticated, there is a growing shortage of skilled cybersecurity professionals who can effectively defend against and respond to these threats. This scarcity of expertise leaves organizations vulnerable to data breaches, ransomware attacks, and other malicious activities. Without a sufficient pool of cybersecurity talent, businesses struggle to protect sensitive information, maintain compliance with data security regulations, and maintain the integrity of their systems.

 

Market Driver- 5G technology is driving demand for cybersecurity solutions

The advent of 5G technology is fueling a surging demand for cybersecurity solutions. With the rapid deployment of 5G networks, the vastly increased data speeds and capacity present both opportunities and challenges. These faster, more interconnected networks offer a larger attack surface for cyber threats, making it crucial for organizations and individuals to fortify their cybersecurity defenses. As the Internet of Things (IoT) and critical infrastructure sectors increasingly rely on 5G connectivity, the need for robust security measures to protect against potential vulnerabilities and cyberattacks is more pronounced than ever.

 

Market Opportunity- Cyber insurance is a type of insurance that helps businesses and organizations protect themselves from the financial losses associated with cyberattacks and data breaches

Cyber insurance is a specialized insurance product designed to provide businesses and organizations with financial protection against the costly consequences of cyberattacks and data breaches. In the digital age, where cyber threats are constantly evolving and increasing in complexity, the potential financial impact of such incidents has grown significantly. Cyber insurance policies typically cover a range of expenses, including those related to data recovery, legal liabilities, notification of affected parties, public relations efforts, and even regulatory fines and penalties in some cases.

 

Market Share Analysis- Endpoint Security Cyber Security Market will register the fastest growth

The Global Cyber Security Market is analyzed across Endpoint Security, Cloud Security, Network Security, Application Security, Infrastructure Protection, Data Security, and others. Endpoint Security is poised to register the fastest growth. Endpoint security is a crucial element of the cybersecurity market, focusing on safeguarding individual devices like computers and smartphones from cyber threats. It involves various technologies and practices, including antivirus software and intrusion detection systems. With the expanding digital landscape and the rise of remote work and IoT, the endpoint security market is growing in importance due to the increasing vulnerabilities and sophistication of cyberattacks. It plays a vital role in protecting devices against evolving threats.

 

Market Share Analysis- Software held a significant market share in 2023

The Global Cyber Security Market is analyzed across various Components including Hardware, Software, Services, and others. Of these, Software held a significant market share in 2023. The software cybersecurity market is a significant segment of the broader cybersecurity industry, offering various software solutions to protect digital systems and data from cyber threats, including antivirus, firewalls, and encryption tools. As the threat landscape evolves, this market continues to grow, providing crucial tools for individuals and organizations to safeguard their digital assets from an array of cyberattacks. It plays a critical role in maintaining cybersecurity in an increasingly digital world.

 

Cyber Security Market Segmentation

By Type

• Endpoint Security
• Cloud Security
• Network Security
• Application Security
• Infrastructure Protection
• Data Security
• Others

By Component

• Hardware
• Software
• Services

By Solution

• Unified Threat Management (UTM)
• IDS/IPS
• DLP
• IAM
• SIEM
• DDoS
• Risk & Compliance Management
• Others

By Services

• Professional Services

• Risk and Threat Assessment
• Design, Consulting, and Implementation
• Training & Education
• Support & Maintenance
• Managed Services

By Deployment

• Cloud-based
• On-premises

By Organization Size

• SMEs
• Large Enterprises

By Application

• BFSI
• Defense
• IT and Telecom
• Retail
• Healthcare
• Manufacturing
• Others

By Region

• North America (United States, Canada, Mexico)
• Europe (Germany, France, United Kingdom, Spain, Italy, Others)
• Asia Pacific (China, India, Japan, South Korea, Australia, Others)
• Latin America (Brazil, Argentina, Others)
• Middle East and Africa (Saudi Arabia, UAE, Kuwait, Other Middle East, South Africa, Nigeria, Other Africa)

 

Cyber Security Market Companies

• Microsoft (United States)
• Cisco (United States)
• IBM (United States)
• Check Point (Israel)
• Rapid7 (United States)
• Trend Micro (Japan)
• NortonLifeLock (United States)
• Micro Focus (United Kingdom)
• Trellix (United States)
• Fortinet (United States)
• Amazon Web Services (AWS) (United States)
• Oracle (United States)
• Accenture (Ireland)
• Palo Alto Networks (United States)
• CyberArk (United States)
• Qualys (United States)
• BluVector (United States)
• SentinelOne (United States)
• F-Secure (Finland)
• DataVisor (United States)
• RevBits (United States)
• WiJungle (India)
• Imperva (United States)
• F5 (United States)
• Aristi Labs (India)
• Cynet (Israel)
• Securden (United States)
• Forcepoint (United States)
• RSA Security (United States)
• Nozomi Networks (United States)
• Proofpoint (United States)
• Splunk (United States)
• Sophos (United Kingdom)
• Algosec (United States)
• Zscaler (United States)
• Juniper Networks (United States)
• SonicWall (United States)

 

*List not exhaustive

Cyber Security Market Outlook 2023

1 Market Overview

1.1 Introduction to the Cyber Security Market

1.2 Scope of the Study

1.3 Research Objective

1.3.1 Key Market Scope and Segments

1.3.2 Players Covered

1.3.3 Years Considered

 

2 Executive Summary

2.1 2023 Cyber Security Industry- Market Statistics

3 Market Dynamics

3.1 Market Drivers

3.2 Market Challenges

3.3 Market Opportunities

3.4 Market Trends

 

4 Market Factor Analysis

4.1 Porter’s Five Forces

4.2 Market Entropy

4.2.1 Global Cyber Security Market Companies with Area Served

4.2.2 Products Offerings Global Cyber Security Market

 

5 COVID-19 Impact Analysis and Outlook Scenarios

5.1.1 Covid-19 Impact Analysis

5.1.2 post-COVID-19 Scenario- Low Growth Case

5.1.3 post-COVID-19 Scenario- Reference Growth Case

5.1.4 post-COVID-19 Scenario- Low Growth Case

 

6 Global Cyber Security Market Trends

6.1 Global Cyber Security Revenue (USD Million) and CAGR (%) by Type (2018-2030)

6.2 Global Cyber Security Revenue (USD Million) and CAGR (%) by Applications (2018-2030)

6.3 Global Cyber Security Revenue (USD Million) and CAGR (%) by regions (2018-2030)

 

7 Global Cyber Security Market Revenue (USD Million) by Type, and Applications (2018-2022)

7.1 Global Cyber Security Revenue (USD Million) by Type (2018-2022)

7.1.1 Global Cyber Security Revenue (USD Million), Market Share (%) by Type (2018-2022)

7.2 Global Cyber Security Revenue (USD Million) by Applications (2018-2022)

7.2.1 Global Cyber Security Revenue (USD Million), Market Share (%) by Applications (2018-2022)

 

8 Global Cyber Security Development Regional Status and Outlook

8.1 Global Cyber Security Revenue (USD Million) By Regions (2018-2022)

8.2 North America Cyber Security Revenue (USD Million) by Type, and Application (2018-2022)

8.2.1 North America Cyber Security Revenue (USD Million) by Country (2018-2022)

8.2.2 North America Cyber Security Revenue (USD Million) by Type (2018-2022)

8.2.3 North America Cyber Security Revenue (USD Million) by Applications (2018-2022)

8.3 Europe Cyber Security Revenue (USD Million), by Type, and Applications (USD Million) (2018-2022)

8.3.1 Europe Cyber Security Revenue (USD Million), by Country (2018-2022)

8.3.2 Europe Cyber Security Revenue (USD Million) by Type (2018-2022)

8.3.3 Europe Cyber Security Revenue (USD Million) by Applications (2018-2022)

8.4 Asia Pacific Cyber Security Revenue (USD Million), and Revenue (USD Million) by Type, and Applications (2018-2022)

8.4.1 Asia Pacific Cyber Security Revenue (USD Million) by Country (2018-2022)

8.4.2 Asia Pacific Cyber Security Revenue (USD Million) by Type (2018-2022)

8.4.3 Asia Pacific Cyber Security Revenue (USD Million) by Applications (2018-2022)

8.5 South America Cyber Security Revenue (USD Million), by Type, and Applications (2018-2022)

8.5.1 South America Cyber Security Revenue (USD Million), by Country (2018-2022)

8.5.2 South America Cyber Security Revenue (USD Million) by Type (2018-2022)

8.5.3 South America Cyber Security Revenue (USD Million) by Applications (2018-2022)

8.6 Middle East and Africa Cyber Security Revenue (USD Million), by Type, Technology, Application, Thickness (2018-2022)

8.6.1 Middle East and Africa Cyber Security Revenue (USD Million) by Country (2018-2022)

8.6.2 Middle East and Africa Cyber Security Revenue (USD Million) by Type (2018-2022)

8.6.3 Middle East and Africa Cyber Security Revenue (USD Million) by Applications (2018-2022)

 

9 Company Profiles

 

10 Global Cyber Security Market Revenue (USD Million), by Type, and Applications (2023-2030)

10.1 Global Cyber Security Revenue (USD Million) and Market Share (%) by Type (2023-2030)

10.1.1 Global Cyber Security Revenue (USD Million), and Market Share (%) by Type (2023-2030)

10.2 Global Cyber Security Revenue (USD Million) and Market Share (%) by Applications (2023-2030)

10.2.1 Global Cyber Security Revenue (USD Million), and Market Share (%) by Applications (2023-2030)

 

11 Global Cyber Security Development Regional Status and Outlook Forecast

11.1 Global Cyber Security Revenue (USD Million) By Regions (2023-2030)

11.2 North America Cyber Security Revenue (USD Million) by Type, and Applications (2023-2030)

11.2.1 North America Cyber Security Revenue (USD) Million by Country (2023-2030)

11.2.2 North America Cyber Security Revenue (USD Million), by Type (2023-2030)

11.2.3 North America Cyber Security Revenue (USD Million), Market Share (%) by Applications (2023-2030)

11.3 Europe Cyber Security Revenue (USD Million), by Type, and Applications (2023-2030)

11.3.1 Europe Cyber Security Revenue (USD Million), by Country (2023-2030)

11.3.2 Europe Cyber Security Revenue (USD Million), by Type (2023-2030)

11.3.3 Europe Cyber Security Revenue (USD Million), by Applications (2023-2030)

11.4 Asia Pacific Cyber Security Revenue (USD Million) by Type, and Applications (2023-2030)

11.4.1 Asia Pacific Cyber Security Revenue (USD Million), by Country (2023-2030)

11.4.2 Asia Pacific Cyber Security Revenue (USD Million), by Type (2023-2030)

11.4.3 Asia Pacific Cyber Security Revenue (USD Million), by Applications (2023-2030)

11.5 South America Cyber Security Revenue (USD Million), by Type, and Applications (2023-2030)

11.5.1 South America Cyber Security Revenue (USD Million), by Country (2023-2030)

11.5.2 South America Cyber Security Revenue (USD Million), by Type (2023-2030)

11.5.3 South America Cyber Security Revenue (USD Million), by Applications (2023-2030)

11.6 Middle East and Africa Cyber Security Revenue (USD Million), by Type, and Applications (2023-2030)

11.6.1 Middle East and Africa Cyber Security Revenue (USD Million), by region (2023-2030)

11.6.2 Middle East and Africa Cyber Security Revenue (USD Million), by Type (2023-2030)

11.6.3 Middle East and Africa Cyber Security Revenue (USD Million), by Applications (2023-2030)

 

12 Methodology and Data Sources

12.1 Methodology/Research Approach

12.1.1 Research Programs/Design

12.1.2 Market Size Estimation

12.1.3 Market Breakdown and Data Triangulation

12.2 Data Sources

12.2.1 Secondary Sources

12.2.2 Primary Sources

12.3 Disclaimer

 

List of Tables

Table 1 Market Segmentation Analysis

Table 2 Global Cyber Security Market Companies with Areas Served

Table 3 Products Offerings Global Cyber Security Market

Table 4 Low Growth Scenario Forecasts

Table 5 Reference Case Growth Scenario

Table 6 High Growth Case Scenario

Table 7 Global Cyber Security Revenue (USD Million) And CAGR (%) By Type (2018-2030)

Table 8 Global Cyber Security Revenue (USD Million) And CAGR (%) By Applications (2018-2030)

Table 9 Global Cyber Security Revenue (USD Million) And CAGR (%) By Regions (2018-2030)

Table 10 Global Cyber Security Revenue (USD Million) By Type (2018-2022)

Table 11 Global Cyber Security Revenue Market Share (%) By Type (2018-2022)

Table 12 Global Cyber Security Revenue (USD Million) By Applications (2018-2022)

Table 13 Global Cyber Security Revenue Market Share (%) By Applications (2018-2022)

Table 14 Global Cyber Security Market Revenue (USD Million) By Regions (2018-2022)

Table 15 Global Cyber Security Market Share (%) By Regions (2018-2022)

Table 16 North America Cyber Security Revenue (USD Million) By Country (2018-2022)

Table 17 North America Cyber Security Revenue (USD Million) By Type (2018-2022)

Table 18 North America Cyber Security Revenue (USD Million) By Applications (2018-2022)

Table 19 Europe Cyber Security Revenue (USD Million) By Country (2018-2022)

Table 20 Europe Cyber Security Revenue (USD Million) By Type (2018-2022)

Table 21 Europe Cyber Security Revenue (USD Million) By Applications (2018-2022)

Table 22 Asia Pacific Cyber Security Revenue (USD Million) By Country (2018-2022)

Table 23 Asia Pacific Cyber Security Revenue (USD Million) By Type (2018-2022)

Table 24 Asia Pacific Cyber Security Revenue (USD Million) By Applications (2018-2022)

Table 25 South America Cyber Security Revenue (USD Million) By Country (2018-2022)

Table 26 South America Cyber Security Revenue (USD Million) By Type (2018-2022)

Table 27 South America Cyber Security Revenue (USD Million) By Applications (2018-2022)

Table 28 Middle East and Africa Cyber Security Revenue (USD Million) By Region (2018-2022)

Table 29 Middle East and Africa Cyber Security Revenue (USD Million) By Type (2018-2022)

Table 30 Middle East and Africa Cyber Security Revenue (USD Million) By Applications (2018-2022)

Table 31 Financial Analysis

Table 32 Global Cyber Security Revenue (USD Million) By Type (2023-2030)

Table 33 Global Cyber Security Revenue Market Share (%) By Type (2023-2030)

Table 34 Global Cyber Security Revenue (USD Million) By Applications (2023-2030)

Table 35 Global Cyber Security Revenue Market Share (%) By Applications (2023-2030)

Table 36 Global Cyber Security Market Revenue (USD Million), And Revenue (USD Million) By Regions (2023-2030)

Table 37 North America Cyber Security Revenue (USD)By Country (2023-2030)

Table 38 North America Cyber Security Revenue (USD Million) By Type (2023-2030)

Table 39 North America Cyber Security Revenue (USD Million) By Applications (2023-2030)

Table 40 Europe Cyber Security Revenue (USD Million) By Country (2023-2030)

Table 41 Europe Cyber Security Revenue (USD Million) By Type (2023-2030)

Table 42 Europe Cyber Security Revenue (USD Million) By Applications (2023-2030)

Table 43 Asia Pacific Cyber Security Revenue (USD Million) By Country (2023-2030)

Table 44 Asia Pacific Cyber Security Revenue (USD Million) By Type (2023-2030)

Table 45 Asia Pacific Cyber Security Revenue (USD Million) By Applications (2023-2030)

Table 46 South America Cyber Security Revenue (USD Million) By Country (2023-2030)

Table 47 South America Cyber Security Revenue (USD Million) By Type (2023-2030)

Table 48 South America Cyber Security Revenue (USD Million) By Applications (2023-2030)

Table 49 Middle East and Africa Cyber Security Revenue (USD Million) By Region (2023-2030)

Table 50 Middle East and Africa Cyber Security Revenue (USD Million) By Region (2023-2030)

Table 51 Middle East and Africa Cyber Security Revenue (USD Million) By Type (2023-2030)

Table 52 Middle East and Africa Cyber Security Revenue (USD Million) By Applications (2023-2030)

Table 53 Research Programs/Design for This Report

Table 54 Key Data Information from Secondary Sources

Table 55 Key Data Information from Primary Sources

 

List of Figures

Figure 1 Market Scope

Figure 2 Porter’s Five Forces

Figure 3 Global Cyber Security Revenue (USD Million) By Type (2018-2022)

Figure 4 Global Cyber Security Revenue Market Share (%) By Type (2022)

Figure 5 Global Cyber Security Revenue (USD Million) By Applications (2018-2022)

Figure 6 Global Cyber Security Revenue Market Share (%) By Applications (2022)

Figure 7 Global Cyber Security Market Revenue (USD Million) By Regions (2018-2022)

Figure 8 Global Cyber Security Market Share (%) By Regions (2022)

Figure 9 North America Cyber Security Revenue (USD Million) By Country (2018-2022)

Figure 10 North America Cyber Security Revenue (USD Million) By Type (2018-2022)

Figure 11 North America Cyber Security Revenue (USD Million) By Applications (2018-2022)

Figure 12 Europe Cyber Security Revenue (USD Million) By Country (2018-2022)

Figure 13 Europe Cyber Security Revenue (USD Million) By Type (2018-2022)

Figure 14 Europe Cyber Security Revenue (USD Million) By Applications (2018-2022)

Figure 15 Asia Pacific Cyber Security Revenue (USD Million) By Country (2018-2022)

Figure 16 Asia Pacific Cyber Security Revenue (USD Million) By Type (2018-2022)

Figure 17 Asia Pacific Cyber Security Revenue (USD Million) By Applications (2018-2022)

Figure 18 South America Cyber Security Revenue (USD Million) By Country (2018-2022)

Figure 19 South America Cyber Security Revenue (USD Million) By Type (2018-2022)

Figure 20 South America Cyber Security Revenue (USD Million) By Applications (2018-2022)

Figure 21 Middle East and Africa Cyber Security Revenue (USD Million) By Region (2018-2022)

Figure 22 Middle East and Africa Cyber Security Revenue (USD Million) By Type (2018-2022)

Figure 23 Middle East and Africa Cyber Security Revenue (USD Million) By Applications (2018-2022)

Figure 24 Global Cyber Security Revenue (USD Million) By Type (2023-2030)

Figure 25 Global Cyber Security Revenue Market Share (%) By Type (2030)

Figure 26 Global Cyber Security Revenue (USD Million) By Applications (2023-2030)

Figure 27 Global Cyber Security Revenue Market Share (%) By Applications (2030)

Figure 28 Global Cyber Security Market Revenue (USD Million) By Regions (2023-2030)

Figure 29 North America Cyber Security Revenue (USD Million) By Country (2023-2030)

Figure 30 North America Cyber Security Revenue (USD Million) By Type (2023-2030)

Figure 31 North America Cyber Security Revenue (USD Million) By Applications (2023-2030)

Figure 32 Europe Cyber Security Revenue (USD Million) By Country (2023-2030)

Figure 33 Europe Cyber Security Revenue (USD Million) By Type (2023-2030)

Figure 34 Europe Cyber Security Revenue (USD Million) By Applications (2023-2030)

Figure 35 Asia Pacific Cyber Security Revenue (USD Million) By Country (2023-2030)

Figure 36 Asia Pacific Cyber Security Revenue (USD Million) By Type (2023-2030)

Figure 37 Asia Pacific Cyber Security Revenue (USD Million) By Applications (2023-2030)

Figure 38 South America Cyber Security Revenue (USD Million) By Country (2023-2030)

Figure 39 South America Cyber Security Revenue (USD Million) By Type (2023-2030)

Figure 40 South America Cyber Security Revenue (USD Million) By Applications (2023-2030)

Figure 41 Middle East and Africa Cyber Security Revenue (USD Million) By Region (2023-2030)

Figure 42 Middle East and Africa Cyber Security Revenue (USD Million) By Region (2023-2030)

Figure 43 Middle East and Africa Cyber Security Revenue (USD Million) By Type (2023-2030)

Figure 44 Middle East and Africa Cyber Security Revenue (USD Million) By Applications (2023-2030)

Figure 45 Bottom-Up and Top-Down Approaches for This Report

Figure 46 Data Triangulation

 

Cyber Security Market Segmentation

By Type

• Endpoint Security
• Cloud Security
• Network Security
• Application Security
• Infrastructure Protection
• Data Security
• Others

By Component

• Hardware
• Software
• Services

By Solution

• Unified Threat Management (UTM)
• IDS/IPS
• DLP
• IAM
• SIEM
• DDoS
• Risk & Compliance Management
• Others

By Services

• Professional Services

• Risk and Threat Assessment
• Design, Consulting, and Implementation
• Training & Education
• Support & Maintenance
• Managed Services

By Deployment

• Cloud-based
• On-premises

By Organization Size

• SMEs
• Large Enterprises

By Application

• BFSI
• Defense
• IT and Telecom
• Retail
• Healthcare
• Manufacturing
• Others

By Region

• North America (United States, Canada, Mexico)
• Europe (Germany, France, United Kingdom, Spain, Italy, Others)
• Asia Pacific (China, India, Japan, South Korea, Australia, Others)
• Latin America (Brazil, Argentina, Others)
• Middle East and Africa (Saudi Arabia, UAE, Kuwait, Other Middle East, South Africa, Nigeria, Other Africa)