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The global cyber security market reached a value of about USD 236.75 billion in 2023. The industry is further expected to grow at a CAGR of about 8.8% in the forecast period of 2024-2032 to reach a value of around USD 506.79 billion by 2032.
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The global cyber security industry is led by North America and is likely to dominate the market in the coming years as well. The market for cyber security solutions can be attributed to the presence of prominent security companies with global and regional headquarters in the United States. Increased expenditure on security solutions and services by large companies and small and medium-sized enterprises is also driving the market growth. In addition, growing stringency in data privacy and protection standards and policies also contributes to the growth of the regional industry.
Asia Pacific is also expected to grow rapidly in the forecast period. Growing efforts to secure endpoints, networks, and cloud infrastructure are expected to contribute to market growth in the Asia Pacific region. The rapid adoption of smartphones and the use of the Internet is increasing digital services across the country. Growing use of cloud and digital services also raises security risks and data theft, which is leading to the growth of the market.
Cybersecurity is a process that protects networks, devices, and programmes from digital attacks. Cyber-attacks are typically aimed at modifying, accessing, or damaging confidential information; extorting money from consumers; or interrupting regular business processes. It is also known as protection of information technology or electronic information security.
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Based on component, the market can be divided as follows:
Deployment can be divided into cloud and on-premises, among others.
Security type can be categorised as follows:
Organisation size can be segmented into:
End-uses of the product can be divided as follows:
The regional markets for cyber security can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The rise in the frequency and complexity of cyber-attacks is one of the key factors driving the growth of the cyber security industry. The increasing need for advanced cyber protection among small and large enterprises is likely to be a major trigger for the market over the forecast period. There is a steady rise in the frequency of major cyber-attacks in the world. Cyber-terrorists target endpoints, records, networks, and other IT infrastructure that cause huge financial losses to companies, individuals, and governments. This, in turn, is expected to accelerate the development of the market for cyber security. Using artificial intelligence, machine learning, and blockchain cyber defence technologies is expected to create an opportunity for the cyber security industry.
The report gives a detailed analysis of the following key players in the global cyber security market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Component |
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Breakup by Deployment |
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Breakup by Security Type |
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Breakup by Organisation Size |
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Cyber Security Market Analysis
8.1 Key Industry Highlights
8.2 Global Cyber Security Historical Market (2018-2023)
8.3 Global Cyber Security Market Forecast (2024-2032)
8.4 Global Cyber Security Market by Component
8.4.1 Solution
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.1.3 Breakup by Type
8.4.1.3.1 Threat Intelligence
8.4.1.3.1.1 Historical Trend (2018-2023)
8.4.1.3.1.2 Forecast Trend (2024-2032)
8.4.1.3.2 Encryption
8.4.1.3.2.1 Historical Trend (2018-2023)
8.4.1.3.2.2 Forecast Trend (2024-2032)
8.4.1.3.3 Data Loss Prevention
8.4.1.3.3.1 Historical Trend (2018-2023)
8.4.1.3.3.2 Forecast Trend (2024-2032)
8.4.1.3.4 Unified Threat Management
8.4.1.3.4.1 Historical Trend (2018-2023)
8.4.1.3.4.2 Forecast Trend (2024-2032)
8.4.1.3.5 Firewall
8.4.1.3.5.1 Historical Trend (2018-2023)
8.4.1.3.5.2 Forecast Trend (2024-2032)
8.4.1.3.6 Antivirus/Antimalware
8.4.1.3.6.1 Historical Trend (2018-2023)
8.4.1.3.6.2 Forecast Trend (2024-2032)
8.4.1.3.7 Intrusion Detection Systems/Intrusion Prevention Systems
8.4.1.3.7.1 Historical Trend (2018-2023)
8.4.1.3.7.2 Forecast Trend (2024-2032)
8.4.1.3.8 Disaster Recovery
8.4.1.3.8.1 Historical Trend (2018-2023)
8.4.1.3.8.2 Forecast Trend (2024-2032)
8.4.1.3.9 Distributed Denial of Service Mitigation
8.4.1.3.9.1 Historical Trend (2018-2023)
8.4.1.3.9.2 Forecast Trend (2024-2032)
8.4.1.3.10 Web Filtering
8.4.1.3.10.1 Historical Trend (2018-2023)
8.4.1.3.10.2 Forecast Trend (2024-2032)
8.4.1.3.11 Others
8.4.2 Services
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.2.3 Breakup by Type
8.4.2.3.1 Professional Services
8.4.2.3.1.1 Historical Trend (2018-2023)
8.4.2.3.1.2 Forecast Trend (2024-2032)
8.4.2.3.2 Managed Security Services
8.4.2.3.2.1 Historical Trend (2018-2023)
8.4.2.3.2.2 Forecast Trend (2024-2032)
8.5 Global Cyber Security Market by Deployment
8.5.1 Cloud
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 On-Premises
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Others
8.6 Global Cyber Security Market by Security Type
8.6.1 Cloud Security
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Application Security
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Endpoint Security
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Data Security
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Network Security
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 Infrastructure Protection
8.6.6.1 Historical Trend (2018-2023)
8.6.6.2 Forecast Trend (2024-2032)
8.6.7 Others
8.7 Global Cyber Security Market by Organisation Size
8.7.1 Large Enterprises
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Small and Medium Enterprises
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Others
8.8 Global Cyber Security Market by End Use
8.8.1 BFSI
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Government and Defense
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Energy and Utilities
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Healthcare
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 IT and Telecom
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
8.8.6 Manufacturing
8.8.6.1 Historical Trend (2018-2023)
8.8.6.2 Forecast Trend (2024-2032)
8.8.7 Retail
8.8.7.1 Historical Trend (2018-2023)
8.8.7.2 Forecast Trend (2024-2032)
8.8.8 Others
8.9 Global Cyber Security Market by Region
8.9.1 North America
8.9.1.1 Historical Trend (2018-2023)
8.9.1.2 Forecast Trend (2024-2032)
8.9.2 Europe
8.9.2.1 Historical Trend (2018-2023)
8.9.2.2 Forecast Trend (2024-2032)
8.9.3 Asia Pacific
8.9.3.1 Historical Trend (2018-2023)
8.9.3.2 Forecast Trend (2024-2032)
8.9.4 Latin America
8.9.4.1 Historical Trend (2018-2023)
8.9.4.2 Forecast Trend (2024-2032)
8.9.5 Middle East and Africa
8.9.5.1 Historical Trend (2018-2023)
8.9.5.2 Forecast Trend (2024-2032)
9 North America Cyber Security Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Cyber Security Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Cyber Security Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Cyber Security Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Cyber Security Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Cisco Systems, Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Palo Alto Networks, Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Fortinet, Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Broadcom inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Trend Micro Inc
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 IBM Corporation
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Microsoft Corporation
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Check Point Software Technologies Ltd.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 McAfee Corp
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 CrowdStrike Holdings, Inc.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Sophos Ltd.
15.2.11.1 Company Overview
15.2.11.2 Product Portfolio
15.2.11.3 Demographic Reach and Achievements
15.2.11.4 Certifications
15.2.12 ESET, spol. s r.o.
15.2.12.1 Company Overview
15.2.12.2 Product Portfolio
15.2.12.3 Demographic Reach and Achievements
15.2.12.4 Certifications
15.2.13 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Cyber Security Market: Key Industry Highlights, 2018 and 2032
2. Global Cyber Security Historical Market: Breakup by Component (USD Billion), 2018-2023
3. Global Cyber Security Market Forecast: Breakup by Component (USD Billion), 2024-2032
4. Global Cyber Security Historical Market: Breakup by Deployment (USD Billion), 2018-2023
5. Global Cyber Security Market Forecast: Breakup by Deployment (USD Billion), 2024-2032
6. Global Cyber Security Historical Market: Breakup by Security Type (USD Billion), 2018-2023
7. Global Cyber Security Market Forecast: Breakup by Security Type (USD Billion), 2024-2032
8. Global Cyber Security Historical Market: Breakup by Organisation Size (USD Billion), 2018-2023
9. Global Cyber Security Market Forecast: Breakup by Organisation Size (USD Billion), 2024-2032
10. Global Cyber Security Historical Market: Breakup by End Use (USD Billion), 2018-2023
11. Global Cyber Security Market Forecast: Breakup by End Use (USD Billion), 2024-2032
12. Global Cyber Security Historical Market: Breakup by Region (USD Billion), 2018-2023
13. Global Cyber Security Market Forecast: Breakup by Region (USD Billion), 2024-2032
14. North America Cyber Security Historical Market: Breakup by Country (USD Billion), 2018-2023
15. North America Cyber Security Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Europe Cyber Security Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Europe Cyber Security Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Asia Pacific Cyber Security Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Asia Pacific Cyber Security Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Latin America Cyber Security Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Latin America Cyber Security Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Middle East and Africa Cyber Security Historical Market: Breakup by Country (USD Billion), 2018-2023
23. Middle East and Africa Cyber Security Market Forecast: Breakup by Country (USD Billion), 2024-2032
24. Global Cyber Security Market Structure
The market reached a value of USD 236.75 billion in 2023.
The market is projected to grow at a CAGR of 8.80% in the forecast period of 2024-2032.
The market is estimated to reach a value of about USD 506.79 billion by 2032.
The major drivers of the market include rising disposable incomes, and growing cyber-attacks.
The growing demand for advanced cyber protection in both government and private firms and the rising integration of advanced technologies like AI and IoT are expected to be the key trends guiding the growth of the market.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market.
The components of cyber security in the market are solutions and services. Solutions is further segmented into threat intelligence, encryption, data loss prevention, unified threat management, firewall, antivirus/antimalware, intrusion detection systems/intrusion prevention systems, disaster recovery, distributed denial of service mitigation, and web filtering, among others. Services are further divided into professional services and managed security services.
The deployments for cyber security include cloud and on-premises, among others.
The various security types are cloud security, application security, endpoint security, data security, network security, and infrastructure protection, among others.
The organisation sizes include large enterprises and small and medium enterprises, among others.
The end uses include BFSI, government and defence, energy and utilities, healthcare, IT and telecom, manufacturing, and retail, among others.
The key players in the global cyber security market are Cisco Systems, Inc., Palo Alto Networks, Inc., Fortinet, Inc., Broadcom inc., Trend Micro Inc, IBM Corporation, Microsoft Corporation, Check Point Software Technologies Ltd., McAfee Corp, CrowdStrike Holdings, Inc., Sophos Ltd., and ESET, spol. s r.o., among others.
The global cyber security market attained a value of USD 236.75 billion in 2023, driven by the growing need for cyber security. Aided by the growth in the frequency and complexity of cyber-attacks, the industry is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 8.80%. The industry is projected to reach more than USD 506.79 billion by 2032.
EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on its components, the global market for cyber security can be segmented into solutions and services. Solutions can be segmented into threat intelligence, encryption, data loss prevention, unified threat management, firewall, antivirus/antimalware, intrusion detection systems/intrusion prevention systems, disaster recovery, distributed denial of service mitigation, and web filtering, among others. Services can further be divided into professional services and managed security services. By deployment, the industry can be divided into cloud and on-premises, among others. On the basis of security types, the industry can be divided into cloud security, application security, endpoint security, data security, network security, and infrastructure protection, among others.
The organisation sizes can be divided into large enterprises and small and medium enterprises, among others. Cyber security finds end-uses in BFSI, government and defence, energy and utilities, healthcare, IT and telecom, manufacturing, and retail, among others. The major regional markets for cyber security are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with Europe accounting for the largest share of the market. The key players in the above industry include Cisco Systems, Inc., Palo Alto Networks, Inc., Fortinet, Inc., Broadcom inc., Trend Micro Inc, IBM Corporation, Microsoft Corporation, Check Point Software Technologies Ltd., McAfee Corp, CrowdStrike Holdings, Inc., Sophos Ltd., and ESET, spol. s r.o., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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