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Report Overview
The Philippines cyber security market reached a value of approximately USD 208.06 Million in 2024. The market is projected to grow at a CAGR of 12.80% between 2025 and 2034, reaching a value of around USD 693.87 Million by 2034.
2024
Base Year
2018-2024
Historical Period
2025-2034
Forecast Period
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As per industry reports, cybercrimes increased in 2024 by 21.84% with 4,469 cases as opposed to 3,668 cases in the fourth quarter of 2023, boosting the need for cyber security.
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As per Philippines cyber security industry analysis, government and educational institutions are the main targets of cyberattacks with a share of 80% and 20% respectively.
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In March 2024, Microsoft Corporation announced a skill development program for 100,000 Filipino women in AI and cyber security to narrow the digital divide.
Philippines Cyber Security Market Share
Based on organization size, the market is mainly bifurcated into large enterprises and small and medium enterprises (SMEs). Large enterprises hold a significant portion of the cyber security market share in Philippines as both public and private enterprises are widely deploying anti-malware and anti-virus tools to combat online attacks and fraudulent activities to enhance security and avoid data breaches. Furthermore, SMEs in the Philippines are also concerned as local businesses are being increasingly targeted by malicious groups, driving the need for robust cybersecurity measures. This, in turn, is expected to boost the development of the cybersecurity market.
Philippines Cyber Security Market Report Snapshots
Philippines Cyber Security Market Size
Philippines Cyber Security Market Growth
*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.*
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Key Questions Answered in the Report
In 2024, the market reached an approximate value of USD 208.06 Million.
The market is estimated to grow at a CAGR of 12.80% between 2025 and 2034.
The Philippines cyber security market is estimated to witness healthy growth in the forecast period of 2025-2034 to reach a value of USD 693.87 Million by 2034.
The major drivers are rise in cyberattacks, increased expenditure on security solutions and services by large companies, and growing presence of prominent security companies in the country.
The key trends of the cyber security market in Philippines include the rise of ethical hacking, integration of artificial intelligence and IoT, growing demand for advanced cyber protection in both government and private firms.
Based on security, the market is segmented into network security, cloud security, end point and IOT security, and application security, among others.
The market is segmented into large enterprises and small and medium enterprise (SMEs), based on organization size.
The key players in the market are IBM Corporation, Microsoft Corp., Cisco Systems Inc., Amazon Web Services, Inc., Oracle Corporation, Fujitsu Ltd., Dell Inc., Fortinet Inc., and Intel Corporation, among others.
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