Global Cyber Security
Market Report
2024
As per Cognitive Market Research's latest published report, the Global Cyber Security market size was $154.80 Billion in 2022 and it is forecasted to reach $353.15 Billion by 2030. Cyber Security Industry's Compound Annual Growth Rate will be 10.8% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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As per Cognitive Market Research's latest published report, the Global Cyber Security market size was $154.80 Billion in 2022 and it is forecasted to reach $353.15 Billion by 2030. Cyber Security Industry's Compound Annual Growth Rate will be 10.8% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Cyber Security Market Sales Revenue 2022 | $ 154.8 Billion |
Global Cyber Security Market Sales Revenue 2030 | $ 353.15 Billion |
Global Cyber Security Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 10.8% |
Market Split by Security Type |
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Market Split by Application |
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Market Split by Component |
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Market Split by Solutions |
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Market Split by Services |
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Market Split by Deployment |
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Market Split by Organization |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Cyber Security Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Protecting computer systems, networks, and sensitive data from unwanted access, usage, theft, or damage is known as cybersecurity. With increasing dependency on digital technology, cybersecurity has emerged as a major issue for individuals, companies, governments, and other institutions. In order to protect computers, servers, mobile devices, and networks from numerous cyberthreats, such as malware, viruses, hacking attacks, phishing scams, identity theft, and other types of cybercrime, cybersecurity involves a variety of methods, technologies, and practises.
Every year, cybercrime dramatically rises as attackers become more proficient and sophisticated. In target-based cyberattacks, hackers or attackers focus on a single organisation because they have a particular business interest. Putting the attack together could take months so they can figure out the best way to get their exploit into your systems (or users). Because it has been precisely designed to attack your systems, processes, or persons, at the office and often at home, a targeted attack is frequently more harmful than an untargeted one. In addition to having an impact on the organization's and business's finances, cybersecurity also makes businesses more vulnerable and uncertain.
Cyberattacks can potentially harm a company's reputation, especially if private customer information is taken. The established customer trust may suffer as a result of cyberattacks. This breach of trust may be challenging to repair and may have long-term effects on the company. The activities of a company are also disrupted by these attacks, making it difficult or impossible to access vital systems or data. This might cause delays in manufacturing, disrupt customer service, and result in lost income. Businesses may occasionally have to stop operating completely until the attack is stopped, which will have a greater financial impact.
Cybersecurity is crucial prat of any organization as it protects against unwanted access, theft, and damage to critical data and computer systems. Cyber-attacks are growing more prevalent in today's digital environment, and they could have very negative effects. Due to the complexity of technology, many organisations, especially SME's, cannot afford cybersecurity despite its necessity. Cybersecurity can be complicated and calls for knowledge in fields like software development, network security, and cryptography. The cost of acquiring and maintaining this expertise might be high. In addition, considering the consistently evolving cyber threats, the updating of cybersecurity measures is necessary. This requires ongoing investment in technology, personnel, and training. Therefore, budget restrictions coupled with expensive tools and software’s and a lack of specialists in SME's might affect the growth of the cyber security market.
Rising disposable income coupled with high penetration of internet and smartphone expected to drive the e-commerce market and online shopping. Online shopping is incredibly convenient for consumers as they can shop from the comfort of their homes or on-the-go using their smartphones or tablets. This is especially true during the COVID-19 pandemic when physical stores are closed or people prefer to avoid crowded places. In addition, online retailers can offer lower prices compared to physical stores due to lower overhead costs. Moreover, E-commerce platforms are open 24/7, which allows customers to shop at any time that is convenient for them. With advances in technology, e-commerce platforms have improved their shipping and delivery options. Overall, rising e-commerce platforms and online shopping provides new opportunities to cyber security market.
With the widespread shift to remote work and online services, there has been a surge in cyber-attacks, making cyber security more important in COVID-19 pandemic. Organizations are investing in cyber security solutions to safeguard their systems and data as a result of the rise in cyberattacks brought on by the epidemic. The need for cyber security goods and services has increased as a result. Budget restrictions, especially for SME's, have been brought on by the economic burden of the epidemic on many organisations. Cost-effective cyber security solutions are now receiving more attention as a result of this. The COVID-19 epidemic has significantly impacted the market for cyber security overall.
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March 20, 2023
Cybersecurity-as-a-Service (CSaaS) company Cyvatar has launched an ecommerce page to enable customers to purchase cybersecurity services directly from the company.
March 20, 2023
To contribute to regional capacity building and support cybersecurity skills shortages, CyberKnight launches the Cybersecurity Skills Academy in collaboration with its newly signed vendor, Infosec Institute, a leading cybersecurity training provider and part of Cengage Group.
March 12, 2023
The cyber-crime wing of Malda police has launched a cyber security awareness campaign for school students, parents and teachers.
March 9, 2023
As the first foreign university to set up a campus in India at the International Financial Services Centre (IFSC) in GIFT City, Gandhinagar, Australia’s Deakin University will offer two post graduate (PG) programs in cyber security and business analytics with the target of starting campus operations by mid-2024.
March 02, 2023
Viasat Inc., a global communications company, today announced the launch of its Trusted Cybersecurity Services (TCS) solution, a hosted intrusion detection service that integrates classified government threat intelligence to identify existing, potential and emerging threats on an organization's network.
February 28, 2023
The Cyber Security Agency of Singapore (CSA) will be launching a scheme to develop cybersecurity health plans with funding support for small-medium enterprises (SMEs). The scheme will see cybersecurity consultants take on the role of the SMEs’ “Chief Information Security Officers” (CISO), akin to providing a CISO-as-a-Service (CISOaaS) to SMEs facing manpower constraints in hiring cybersecurity personnel.
February 24, 2022
Tata Consultancy Services (TCS) has launched its Cyber Défense Suite—a comprehensive set of modular, quickly adoptable cyber security services offered on a platform—to give leaders confidence and agility to grow their digital enterprises.
Top Companies Market Share in Cyber Security Industry: (In no particular order of Rank)
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High revenue in the North America region is primarily attributed to established IT industry in the region. Besides, presence of highly advanced and well-equipped defence and government and growing healthcare infrastructure are responsible factors for market dominance in the North America region.
The current report Scope analyzes Cyber Security Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Cyber Security Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Cyber Security Industry growth. Cyber Security market has been segmented with the help of its Security Type, Application Component, and others. Cyber Security market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
With a contribution of more than 25.00% to total revenue in 2022, the infrastructure protection segment had the greatest revenue share. The large market share is linked to the growth of connected and IoT devices as well as the development of more data centres. Also, various initiatives launched by governments in some regions, such as the European Programme for Critical Infrastructure Protection (EPCIP) and the Critical Infrastructure Protection Program in the United States, are anticipated to support market expansion.
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Because to the sensitive nature of the data and information they store, the defence and government application segment is anticipated to dominate the worldwide cyber security market over the forecast period. Moreover, defence and government entities also have substantial budgets to invest in cyber security. The development of cutting-edge technology and services as well as the expansion of the cyber security business have both benefited from this monetary investment.
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In 2022, the services sector contributed more than 50% of total revenue, making up the biggest revenue share. This is due to the growing demand from small and medium businesses for advisory services as well as maintenance and upgrade services.
The IAM segment accounted for the largest revenue share in 2022, acquired significant share of the total market. The term Identity and Access Management (IAM) is a collection of procedures, guidelines, and technological tools used to manage digital identities and restrict access to resources within an organisation. IAM controls access, which contributes to the security of an organization's digital assets. By doing this, the chance of unapproved access, data breaches, and other security problems is decreased. By facilitating quick and secure access to resources, removing the need for numerous login passwords, and streamlining the access request procedure, IAM may enhance the user experience.
The professional services segment held the highest market share of the overall market in 2021 and is expected to maintain its dominance over the forecast period. Growing demand for services such as enterprise risk assessment, penetration testing, physical security testing, and cyber security defence expected to drive the professional services growth.
The cloud-based segment is anticipated to increase at a rate of over 11.5% during the projected period. The rapid growth can be linked to the expansion of cloud computing infrastructure deployment and the enterprise transfer of on-premises solutions to the cloud.
Research Analyst at Cognitive Market Research
I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.
Sneha Mali is a research analyst working in various domains including the Consumer Goods, market research and transport & logistics and her primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. Her knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively.Sneha stay up-to-date with the latest research trends, methodologies, and technologies to ensure that her research is accurate, relevant, and impactful.
In her current role, Sneha is committed to continuous learning and staying abreast of emerging trends in research methodologies. Regular participation in workshops, webinars, and industry conferences ensures that her skills remain sharp and relevant. She have demonstrated ability to transform complex data sets into clear and concise narratives that inform key business strategies. Collaborating with cross-functional teams.Sneha remains an invaluable asset in the dynamic landscape of market research.
The Global Cyber Security Market is witnessing significant growth in the near future.
In 2023, the Endpoint Security segment accounted for noticeable share of global Cyber Security Market and is projected to experience significant growth in the near future.
The IT & Telecom segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Risk Vision, Webroot Software and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
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The US Cyber Safety Review Board plans to issue a study exposing Microsoft's failures in a Chinese theft of US government officials' emails last year. According to the assessment, the intrusion was avoidable and should never have occurred. Microsoft has mobilised engineering teams to detect and remediate ageing infrastructure, optimise procedures, and enforce security standards. The corporation is also strengthening its systems against attacks and putting in more robust sensors and logs to identify and repel cyber-armies. The Cyber Safety Review Board did not immediately reply to a Reuters inquiry for comment. Last year, Microsoft said that the Chinese breach of senior officials in the US State and Commerce Departments was the result of a hacked Microsoft engineer's corporate account. The study faults poor cybersecurity policies, a loose company culture, and a purposeful lack of transparency over Microsoft's knowledge of the breach's origins.
Disclaimer:
Security Type | Endpoint Security, Cloud Security, Network Security, Application Security, Infrastructure Protection, Data Security, Others |
Application | IT & Telecom, Retail, BFSI, Healthcare, Défense/Government, Manufacturing, Energy, Others |
Component | Hardware, Solution, Service |
Solutions | Unified Threat Management (UTM), IDS/IPS, DLP, IAM, SIEM, DDoS, Risk and Compliance Management, Others |
Services | Professional Services, Managed Services |
Deployment | Cloud-based, On-premises |
Organization | SMEs, Large Enterprises |
List of Competitors | Risk Vision, Safer Social, Webroot Software, TitanHQ, Netikus.net, Horangi Cyber Security, Netwrix, Trend Micro, HelpSystems, TulipControls, Synopsys, Avanan, F Secure, Centrify, Zartech, Darktrace, Akamai Technologies, Fidelis Cybersecurity, FourV Systems, Symantec, Techefix |
This chapter will help you gain GLOBAL Market Analysis of Cyber Security. Further deep in this chapter, you will be able to review Global Cyber Security Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Security Type Analysis 2019 -2031, will provide market size split by Security Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Security Type Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by Component Analysis 2019 -2031
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Chapter 13 Market Split by Solutions Analysis 2019 -2031
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Chapter 14 Market Split by Services Analysis 2019 -2031
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Chapter 15 Market Split by Deployment Analysis 2019 -2031
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Chapter 16 Market Split by Organization Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Cyber Security market
Chapter 17 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Endpoint Security have a significant impact on Cyber Security market? |
What are the key factors affecting the Endpoint Security and Cloud Security of Cyber Security Market? |
What is the CAGR/Growth Rate of IT & Telecom during the forecast period? |
By type, which segment accounted for largest share of the global Cyber Security Market? |
Which region is expected to dominate the global Cyber Security Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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