United Kingdom Cyber Security Market Size, Share and Growth Analysis Report: Forecast Trends and Outlook (2026-2035)

United Kingdom Cyber Security Market Growth

In 2022, UK businesses suffered a loss of GBP 4,200 on average due to cyberattacks. The average cost of remedying the injuries caused by a cybersecurity attack is estimated to be nearly GBP 21,000. However, only 22% of all UK businesses have established a formal incident management plan for tackling cyberattacks.

In 2024, merely 31% of all UK-based businesses undertook a risk assessment for cybersecurity, which endangers sensitive data and critical information. In 2020, cyber fraud resulted in a loss of GBP 1.3 billion to the UK’s economy, with regions of Yorkshire and Humber accounting for over 2,030 cases of cybercrimes. Online shopping fraud was a leading cause of economic loss worth $63.8 million to people. As per the UK’s Fraud and Cyber Crime Reporting Centre, this was a year-on-year increase of 37%, with an average loss of GBP 720 to each victim.

In 2020, ransomware attacks recorded a surge of 70% in the UK. In 2024, nearly 84% of all businesses that were affected by cyberattacks faced phishing attempts. A medium-sized business in the UK spends nearly GBP 10,830 on remedying the damage caused by cyberattacks. Nearly 50% of all UK businesses suffered a cyberattack in 2020. The United Kingdom reported nearly 2.3 million incidents related to computer misuse in 2020. This is expected to raise the demand for cost-effective and reliable cybersecurity solutions among consumers and businesses.

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If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Key Trends and Developments

United Kingdom Cyber Security Market Trends

In April 2023, the United Kingdom government launched new and improved cybersecurity measures, GovAssure, to increase its cyber resilience and protect its essential IT functions from cyber threats. Through the measure, the country also aims to become a leading global cyber nation.

Businesses in the United Kingdom are rapidly adopting cloud computing due to its flexibility and scalability, pay-on-the-go nature, enhanced accessibility, cost-effectiveness, faster implementation cycles, and seamless upgrade and maintenance activities. With the rising vulnerability of the cloud to cyberattacks, businesses are implementing cybersecurity measures to protect confidential information from hackers, ensure regulatory compliance, safeguard business operations, and maintain customer trust.

United Kingdom Cyber Security Industry Segmentation

United Kingdom Cyber Security Market Share

Based on region, the market is segmented into England, Wales, Northern-Ireland, and Scotland. England is projected to dominate the market, representing 76% of the overall market share. Over the forecast period, England is expected to grow at a CAGR of 12.2%, as the threat of state-sponsored terrorism necessitates the adoption of network security solutions.

Leading Companies in the United Kingdom Cyber Security Market

By 2027, nearly 50% of all large enterprises are expected to shift towards creating a human-centric security system to minimise cybersecurity threats. Behavioural change and advancements in Gen AI are expected to drive the market expansion.

• IBM Corporation
• Cisco Systems Inc.
• Broadcom Inc.
• Oracle Corporation
• Intel Corp.
• Dell Inc.
• Fortinet Inc.
• McAfee LLC
• Trend Micro Inc.
• Palo Alto Networks Inc.
• Others

The comprehensive report looks into the macro and micro aspects of the market. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model