Report Scope & Overview:

Cybersecurity Market Size was valued at USD 227.93 billion in 2022 and is expected to reach USD 431.36 billion by 2030, and grow at a CAGR of 8.3% over the forecast period 2023-2030.

Cyber security refers to the safeguarding of equipment linked to the internet that defends against numerous risks in cyberspace. It involves protecting software, data, and hardware, as well as aiding in the prevention of fraudsters gaining access to devices or networks. Businesses require cyber security to secure their data, cash, and intellectual property. Individuals require it for similar reasons, however intellectual property is less of a worry and the risk of losing important information, such as family photographs, is higher. Once it pertains to governmental body services, cyber security assures that the public can continue to rely on them.

Cybersecurity Market Revenue Analysis

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The surge in malware and phishing threats among businesses, as well as the adoption of IoT and the BYOD trend, are driving the cyber security industry forward. Furthermore, the increased demand for cloud-based cyber security solutions has a beneficial influence on market growth. However, market development is hampered by financial restrictions among businesses and the complexity of device security. Increased usage of mobile device apps and platforms, the requirement for robust authentication techniques, and the transition of the conventional antivirus software sector, on the other hand, are projected to provide lucrative prospects for market development throughout the forecast period.



  • The increasing sophistication of cyber assaults is responsible for the market's rise.

  •  Businesses throughout the world have boosted their investment on advanced information security technology to bolster their in-house security infrastructures since cybercrime has expanded considerably.


  • Cybersecurity requirements are outpacing money set aside to solve them.

  •  Most small businesses do not have the financial resources or IT security knowledge to implement advanced cybersecurity solutions to protect their networks and IT infrastructures from different cyber assaults.


  • Because of its powerful and flexible infrastructure, cloud computing architecture is frequently used.

  • Many businesses are turning to cloud solutions to ease data storage and allow remote server accessible through the internet, giving them access to almost infinite computer capacity.


  • The design and execution problems of deploying the cybersecurity model on a new or existing infrastructure are numerous.

  • The paradigm encourages enterprise IT teams to rethink network security, moving away from a network perimeter-based strategy and toward a user-based and application-based approach.

  • Redesigning and redeploying online and mobile apps may be time-consuming and exhausting.


The COVID-18 outbreak is expected to have a favorable influence on the cyber security industry's growth. This is due to the advent of COVID-18; organizations will be able to manage security challenges and promote safe information access when working remotely by utilizing cyber security services. Furthermore, as internet traffic has increased, the risk of cyber-attacks has increased dramatically in many businesses, necessitating the deployment of cyber security services. Market growth has been spurred by innovations and developments in cyber security solutions, such as cloud security and AI-integrated solutions, as well as a rise in the number of cyber-attacks since the pandemic began. According to research from Palo Alto Networks' Unit 42 security consultancy division, the average ransomware payment increased by 82 percent from $314,000 in 2020 to $570,000 in the first half of 2021. As a result, an increase in ransomware or cyber-attacks boosts demand for cyber security solutions and services, propelling the worldwide cyber security market forward.


Components, solutions, deployment models, enterprise size, industry vertical, and geography are all used to segment the worldwide cyber security market. The market is divided into solutions and services based on the component. The market is divided into identity and access management, infrastructure security, governance, risk, and compliance, unified vulnerability management service providing, data security and privacy service offering, and others based on the solution. It is divided into cloud and on-premises deployment models. Large businesses and small businesses are divided into two categories based on their size. Telecom, automotive, BFSI, public sector, retail, healthcare, IT, energy & utilities, manufacturing, and others are the different industrial verticals.


Major vendors in the global cybersecurity market include IBM (US), Cisco (US), Check Point (Israel), FireEye (US), Trend Micro (Japan), Norton LifeLock (US), Rapid7  (US), Micro Focus (UK),  Microsoft (US), Amazon Web Services (US),  Oracle (US),  Fortinet (US), Palo Alto Networks (US), Accenture (Ireland), McAfee (US).


On the basis of Components

  • Hardware

  • Software

  • Services

On the basis of Software

  • APT

  • Threat Intelligence Platform

  • SIEM

  • Security and Vulnerability Management

  • Network Access Control

  • Antivirus/Antimalware

  • Firewall

  • Secure Web Gateway

  • SOAR

  • IAM

  • Encryption

  • Disaster Recovery


  • Risk and Compliance Management

  • Others

On the basis of Security Type

  • Network security

  • Endpoint security

  • Application security

  • Cloud security

  • Others

On the basis of Deployment Type

  • Cloud

  • On-Premises

On the basis of Organization Size

  • Large Enterprise

  • SMEs

On the basis of Verticals

  • Aerospace and Defense

  • Government

  • BFSI

  • IT

  • Healthcare

  • Retail

  • Manufacturing

  • Energy and Utilities

  • Telecommunications

  • Media and Entertainment

  • Others

Cybersecurity Market Segmentation Analysis

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Over the projected period, Asia Pacific is predicted to develop at the quickest rate, with a CAGR of more than 15%. The high adoption of cloud technologies, the proliferation of IoT devices, and the growing number of data centre constructions are all contributing to the region's growth. Furthermore, because the region's huge working population has a big number of endpoint devices and creates a large volume of data, numerous firms are installing cyber security solutions. Furthermore, rising government and defence expenditure in nations such as China, India, Japan, South Korea, and others to protect themselves from cyber warfare is likely to propel market expansion.

In 2021, North America had the largest market share, followed by Europe. The North American market has grown in recent years thanks to the early availability and acceptance of new technology. Furthermore, the large number of capital and IT markets throughout the world, as well as their diverse enterprises, necessitate efficient endpoint device administration and protection across unfamiliar networks. As a result of these reasons, major corporations and small businesses throughout the area are increasing their expenditure on cyber security solutions, which is likely to drive market growth.


  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • South Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Cybersecurity Market Report Scope:
Report Attributes Details
Market Size in 2022  USD 227.93 Bn
Market Size by 2030  USD 431.36 Bn
CAGR   CAGR of 8.3% From 2023 to 2030
Base Year  2022
Forecast Period  2023-2030
Historical Data  2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments

• By Component (Hardware, Software & Services)
• By Solution (Identity & Access Management, Infrastructure Security, Governance Risk & Compliance, Unified Vulnerability Management Service Offering, Data Security & Privacy Service Offering, and Others)
• By Deployment Model (Cloud and On-Premise)
• By Organization Size (Large Enterprises and SMEs)
• By Industry Vertical (Telecom, Automotive, BFSI, Public Sector, Retail, Healthcare, IT, Energy & Utilities, Manufacturing, and Others)
• By Software (APT, Threat Intelligence Platform, SIEM, Security and Vulnerability Management, Network Access Control, Antivirus/Antimalware, Firewall, Secure Web Gateway, SOAR, IAM, Encryption, Disaster Recovery, IDS/IPS, Risk and Compliance Management, Others)

Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles IBM, Cisco, Check Point, FireEye, Trend Micro, Norton LifeLock, Rapid7, Micro Focus, Microsoft, Amazon Web Services, Oracle, Fortinet, Palo Alto Networks, Accenture, McAfee.
Key Drivers • The increasing sophistication of cyber assaults is responsible for the market's rise.
Market Opportunities • Because of its powerful and flexible infrastructure, cloud computing architecture is frequently used.

Frequently Asked Questions

Table of Contents


1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions


2. Research Methodology


3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges


4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies US Canada Germany France United Kingdom China Japan South Korea Rest of the World


5. Value Chain Analysis


6. Porter’s 5 forces model


7.  PEST Analysis


8. Cyber Security Market Segmentation, by Component

8.1 Hardware

8.2 Software

8.3 Services


9. Cyber Security Market Segmentation, by Software

9.1 APT

9.2 Threat Intelligence Platform

9.3 SIEM

9.4 Security and Vulnerability Management

9.5 Network Access Control

9.6 Antivirus/Antimalware

9.7 Firewall

9.8Secure Web Gateway

9.8 SOAR

9.9 IAM


9.14 Disaster Recovery

9.15 IDS/IPS

9.13 Risk and Compliance Management

9.15 Others


10. Cyber Security Market Segmentation, by Security type

10.1 Network security

10.2 Endpoint security

10.3 Application security

10.4 Cloud security

10.5 Others


11. Cyber Security Market Segmentation, by Deployment type

11.1 Cloud

11.2 On-Premises


12. Cyber Security Market Segmentation, by Organization size

12.1 Large Enterprise

12.2 SMEs


13. Cyber Security Market Segmentation, by Verticals

13.1 Aerospace and Defense

13.2 Government

13.3 BFSI

13.4 IT

13.5 Healthcare

13.6 Retail

13.7 Manufacturing

13.8 Energy and Utilities

13.8 Telecommunications

13.9 Media and Entertainment

13.10 Others


14. Regional Analysis

14.1 Introduction

14.2 North America

14.2.1 USA

14.2.2  Canada

14.2.3  Mexico

14.3 Europe

14.3.1  Germany

14.3.2  UK

14.3.3  France

14.3.4  Italy

14.3.5  Spain

14.3.6  The Netherlands

14.3.7  Rest of Europe

14.4 Asia-Pacific

14.4.1  Japan

14.4.2  South Korea

14.4.3  China

14.4.4  India

14.4.5  Australia

14.4.6  Rest of Asia-Pacific

14.5 The Middle East & Africa

14.5.1  Israel

14.5.2  UAE

14.5.3  South Africa

14.5.4  Rest

14.6 Latin America

14.6.1  Brazil

14.6.2  Argentina

14.6.3  Rest of Latin America


15. Company Profiles

15.1 IBM (US)

15.1.1 Financial

15.1.2 Products/ Services Offered

15.1.3 SWOT Analysis

15.1.4 The SNS view

15.2 Cisco (US)

15.3 Check Point (Israel)

15.4 FireEye  (US)

15.5 Trend Micro (Japan)

15.6 NortonLifeLock (US)

15.7 Rapid7  (US)

15.8 Micro Focus (UK)

15.8 Microsoft (US)

15.9 Amazon Web Services (US)

15.10 Oracle (US)

15.14 Fortinet (US)

15.15 Palo Alto Networks (US)

15.13 Accenture (Ireland)

15.15 McAfee (US)


16. Competitive Landscape

16.1 Competitive Benchmarking

16.2 Market Share Analysis

16.3 Recent Developments


17. Conclusion

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Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

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This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

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Data Bank Validation

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