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Report Highlights
The global market for cybersecurity technologies was valued at $208.1 billion in 2023. The market is expected to grow from $229.3 billion in 2024 to $396.8 billion by the end of 2029, at a compound annual growth rate, or CAGR, of 11.6% from 2024 to 2029.
Report Includes
- 76 data tables and 71 additional tables
- Analyses of trends in the global market for cybersecurity technologies, with market revenue data from 2023, estimates for 2024, forecasts for 2025 and 2028, and projected CAGRs through 2029
- Estimate of the current market size and revenue prospects, along with a market share analysis based on solution type, security type, deployment type, organization size, end-user industry and region
- Facts and figures pertaining to the market dynamics, current and emerging technologies and the expected impact of macroeconomic factors
- Insights into the market through the Porter’s Five Forces model, value chain and supply chain analyses, and case studies
- Overview of sustainability and ESG trends, with a focus on consumer attitudes, companies’ ESG score rankings and their ESG practices
- A review of patent activity and key patent grants
- An analysis of the industry structure, including companies’ market shares, merger and acquisition activity and venture funding
- Profiles of the leading companies, including Cisco Systems Inc., IBM, Microsoft Corp., Accenture and Palo Alto Networks Inc.
Report Scope
This report provides an overview of the global cybersecurity market. It includes base year data from 2023 and projected data from 2024 to 2029. The report analyzes the global market revenue ($ billions) by segment (security type, solution type, deployment mode, organization size, end-user industry) and region (North America, Europe, Asia-Pacific, and Rest of the World).
The report examines the trends and challenges driving the market and the companies operating in it. It analyzes environmental, social and corporate governance (ESG) developments, patents and new technologies, as well as funding for startups. The report also examines the competitive landscape and provides profiles of leading companies as well as interesting startups.
Report Synopsis
| Report Metrics | Details | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2023 | ||||||||||||||||||||
| Forecast period considered | 2024 to 2029 | ||||||||||||||||||||
| Base year market size | $208.1 Billion | ||||||||||||||||||||
| Market size forecast | $396.8 Billion | ||||||||||||||||||||
| Growth rate | CAGR of 11.6% during 2024-2029 | ||||||||||||||||||||
| Units considered | $ Billions | ||||||||||||||||||||
| Segments covered | By Security Type, Solution Type, Deployment Mode, Organization Size, End-User Industry, and Region | ||||||||||||||||||||
| Regions covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) | ||||||||||||||||||||
| Countries covered | U.S., Canada, Mexico, Germany, U.K., France, Rest of Europe (Russia, Ukraine, Italy and Spain), China, Japan, India, Rest of Asia-Pacific (South Korea, Taiwan, Australia), Brazil, Saudi Arabia and Iran | ||||||||||||||||||||
| Key Market Drivers |
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| Companies studied |
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Frequently Asked Questions (FAQs)
- Increasing ransomware and target-based cyberattacks.
- Growing digital transformation initiatives.
- Accelerating online financial transactions.
- Rising adoption of e-commerce and e-governance.
Analyst Credentials
Masaratjahan Kudle – Associate Consultant – Technology Research
Masaratjahan Kudle is a highly skilled market research consultant with six years of experience in the technology domain. She has a strong background in data analysis and is highly skilled in gathering and interpreting market intelligence to drive business growth. Masaratjahan has worked with numerous clients throughout her career, helping them make informed decisions about their market strategies. She holds a Computer Science and Engineering degree.
Consulting Editor’s Credentials
Jason Chen has been an analyst and consultant for the polymer, composite, fibre, textile and energy industries for 19 years. He works as a researcher, writer and/or editor for the American Composites Manufacturers Association (ACMA), China Textile Academy (CTA), China Chemical Fiber Association (CCFA), International Fiber Journal, Filtration News, Platts Emission Daily, Vision Systems Design, Pesticide and Toxic Chemical News and MobileTex. He has a degree in Civil Engineering, Chemicals and Advanced Materials from Shantou University.
Report Highlights
The global cybersecurity technologies market should reach $367.3 billion by 2026 from $205.4 billion in 2021 at a compound annual growth rate (CAGR) of 12.3% for the forecast period of 2021 to 2026.
Report Includes
- 79 data tables and 87 additional tables
- An up-to-date review and analysis of the global markets for cyber security technologies
- Analyses of the global market trends, with data from 2020 to 2021, estimates for 2022 and 2024, and projections of compound annual growth rates (CAGRs) through 2026
- Highlights of the upcoming market potential for cyber security industry, and areas of focus to forecast this market into various segments and subsegments
- Evaluation and forecast the global cyber security market size, projected growth trends, and corresponding market share analysis by type, solution, deployment mode, organization size, end-user industry and region
- Discussion of the key market dynamics (DROs) in the cyber security industry, technology updates, value chain analysis, and COVID-19 implications on the progress of this market
- Insight into recent industry structure, current competitive scenario, major growth strategies, and company value share analysis based on their segmental revenues
- Descriptive company profiles of the leading global players, including Accenture PLC, Dell Technologies Inc., IBM Corp., Microsoft Corp. and Thales Group
Report Highlights
The global cyber security market should reach $267.2 billion by 2024 from $142.9 billion in 2019 at a compound annual growth rate (CAGR) of 13.3% for the forecast period of 2019 to 2024.
Report Includes
- 75 data tables and 39 additional tables
- An in-depth analysis of the global market for cyber security technologies within the industry
- Analyses of the global market trends, with data corresponding to market size from 2018 and 2019, and projections of compound annual growth rates (CAGRs) through 2024
- Discussion of major market drivers, current trends and opportunities, challenges and restraints, and adoption of managed security service providers
- Information on value chain analysis providing a systematic study of the key intermediaries involved, which could further assist stakeholders in formulating appropriate strategies
- Competitive landscape covering leading IT security solution providers; their market share analysis and key strategies adopted by these companies within the global cyber security market
- Impact of the COVID-19 pandemic outbreak on the global financials, cyber threat, and cyber security solutions
- Descriptive company profiles of major vendor companies, including BAE Systems Inc., Cisco Systems Inc., Dell Technology, HP, IBM Corp., Lockheed Martin, Northrop Grumman Corp. and Thales Group
Report Highlights
The global cyber security market will grow from $85.3 billion in 2016 to $187.1 billion by 2021 with a compound annual growth rate (CAGR) of 17.0% for the period of 2016-2021.
Report Includes
- An overview of the global markets for cyber security and related technologies.
- Analysis of global market trends, with data from 2015, 2016, and CAGRs through 2021.
- Analysis of key growth drivers, challenges & future opportunities to estimate the adoption and revenue generation during the forecast period.
- Evaluation of market trends, such as the impact of the internet of things on the cyber security market.
- A look at the competitive environment of the market through discussion of market player’s product offerings, market share, and financial performance.
- Profiles of major players in the field.
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