Market Forecast By Components (Solutions, Services), By Offerings (Identity and Access Management, Infrastructure Security, Governance, Risk and Compliance, Unified Vulnerability Management Service, Data Security and Privacy Service And Other), By Deployments (Cloud, On-Premises), By Verticals (Aerospace and Defense, BFSI (Banking Finance Services and Insurance), Retail, Healthcare and Hospitality, IT and Telecom, Energy and Utilities, Manufacturing, Commercial Offices, And Others), By Regions (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) And Competitive Landscape.
Product Code: ETC001563 | Publication Date: Jul 2024 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 300 | No. of Figures: 90 | No. of Tables: 30 | |
Report Name | Cyber Security Market |
Report Category / Coverage | Global |
Forecast period | 2025-2031 |
Market Size | USD 300 Billion by 2031 |
CAGR | 9.2% |
Growing Sector | Solutions |
Cyber Security Market report thoroughly covers the market by Components, Offerings, Deployments, Verticals, and Regions. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Cyber Security Market has been experiencing significant growth over the past few years. As of 2025, the global market is valued at approximately $170 billion. Further, the Global Market is projected to expand at a CAGR of 9.2% from 2024 to 2030. Additionally, by 2031 the market size is expected to reach around $300 billion.
The cyber security market is rapidly evolving as organizations globally face increasing threats from cyber-attacks. With the exponential growth of digital transformation and the internet of things (IoT), businesses are investing heavily in advanced security measures to protect sensitive data and infrastructure. This market encompasses a wide range of solutions, including network security, endpoint protection, cloud security, and identity management. Driven by rising incidences of data breaches and stringent regulatory requirements, the demand for innovative and robust cyber security solutions is soaring. Market analysts anticipate continued growth, as emerging trends like artificial intelligence (AI), machine learning (ML), and blockchain play pivotal roles in shaping the future of cyber security strategies and technologies.
According to 6Wresearch, the Cyber Security Market is projected to grow at a CAGR of 9.2% from 2025-2031. The solutions sector is experiencing rapid growth due to the increasing need for robust security measures in various industries. The demand for advanced cybersecurity solutions is driven by the rise in sophisticated cyber-attacks and stringent government regulations. Additionally, the growing adoption of cloud-based services and the increasing number of connected devices are propelling the market.
However, the market faces challenges such as the high cost of implementing comprehensive cybersecurity solutions and a shortage of skilled cybersecurity professionals. Furthermore, the complexity of integrating cybersecurity solutions with existing IT infrastructure can hinder market growth.
Key players in the Cyber Security Market include Cisco Systems, Inc., IBM Corporation, and Palo Alto Networks, Inc. Cisco Systems, Inc. is renowned for its extensive range of cybersecurity solutions that cater to various industries. IBM Corporation offers a comprehensive suite of security services and solutions, leveraging AI and machine learning. Palo Alto Networks, Inc. is known for its advanced firewall and threat detection solutions.
Governments worldwide have implemented various initiatives to enhance cybersecurity measures. These include policies promoting the adoption of advanced security solutions and regulations mandating stringent cybersecurity standards. Additionally, governments are investing in cybersecurity infrastructure and encouraging public-private partnerships to combat cyber threats. Efforts to raise awareness about cybersecurity and provide training programs to develop skilled professionals are also contributing to market growth.
The Cyber Security Market is anticipated to witness significant growth over the next five years. Market growth is expected to be driven by technological advancements like AI and machine learning in cybersecurity solutions. Growing inclination towards cloud-based security services, coupled with increasing demand for comprehensive security solutions by concerned enterprises, is expected to influence the sales of advanced cybersecurity models. In addition to this, the IT and telecom industry will keep its importance high as more and more businesses adopt digital transformation strategies.
Moreover, growth opportunities are significant within the healthcare and BFSI sectors as increasing cyber threats demand more robust security measures. In brief, growth will be driven by innovation and a focus on comprehensive cybersecurity strategies.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
According to Ravi Bhandari, Research Head, 6Wresearch, the cyber security market is rapidly evolving to combat the increasing sophistication of cyber threats. Solutions in this space encompass a wide range of technologies and strategies designed to protect systems, networks, and data. Among the most important are endpoint security solutions, which safeguard devices such as laptops and smartphones from malicious attacks. Network security measures, including firewalls and intrusion detection systems, play a crucial role in monitoring and defending against unauthorized access and potential breaches. Additionally, identity and access management solutions ensure that only authorized users can access sensitive information.
Identity and Access Management (IAM) solutions are critical components in the cyber security market, offering essential tools to protect sensitive information and manage user identities. These solutions enable organizations to ensure that the right individuals have appropriate access to company resources at the right times. IAM systems streamline user provisioning, enforce security policies, and manage authentication processes. The technology also provides detailed audit trails and reporting capabilities, which help businesses comply with regulatory requirements. As cyber threats continue to evolve, the demand for robust IAM solutions is on the rise, driving innovation and growth in this segment of the cyber security market.
Cloud deployments have become a cornerstone in the cybersecurity market, revolutionizing how organizations protect their digital assets. The rise of cloud technology has enabled companies to store data securely without the need for heavy on-premise infrastructure. This shift not only reduces costs but also enhances scalability, allowing businesses to adapt their security measures according to fluctuating needs. Moreover, cloud-based security solutions offer increased visibility and control over data, facilitating real-time threat detection and response. As cyber threats become more sophisticated, leveraging cloud deployments ensures that security teams can quickly update protocols and defend against vulnerabilities, ensuring robust protection of sensitive information.
The BFSI (Banking, Financial Services, and Insurance) sector is increasingly becoming a significant player in the cybersecurity market. As financial institutions undergo digital transformation, the need to protect sensitive data and ensure secure transactions has never been greater. This sector faces constant threats from cybercriminals seeking to exploit vulnerabilities, resulting in a heightened focus on advanced security measures. Key areas of concern include protecting customer data, preventing fraud, and maintaining compliance with stringent regulations. To address these challenges, BFSI organizations invest in state-of-the-art cybersecurity technologies such as AI-driven threat detection, advanced encryption techniques, and robust identity verification processes.
North America plays a pivotal role in the cybersecurity market, characterized by its rapid technological advancements and high adoption of digital transformation across industries. The region's cybersecurity market is driven by the increasing frequency and sophistication of cyber threats, which have necessitated robust security solutions. Notably, the presence of numerous key players, including innovative start-ups and tech giants, fosters a competitive landscape that propels further advancements in cybersecurity measures. Government initiatives and regulations such as the National Institute of Standards and Technology (NIST) frameworks also contribute to enhancing cybersecurity infrastructure.
The report provides a detailed analysis of the following market segments
1 Executive Summary |
2 Introduction |
2.1 Report Description |
2.2 Key Highlights |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Cyber Security Market Overview |
3.1 Cyber Security Market Revenues, 2021-2031F |
3.2 Cyber Security Market Revenue Share, By Component, 2021& 2031F |
3.3 Cyber Security Market Revenue Share, By Offerings, 2021-2031F |
3.4 Cyber Security Market Revenue Share, By Deployments, 2021-2031F |
3.5 Cyber Security Market Revenue Share, By Verticals, 2021-2031F |
3.6 Cyber Security Market Revenue Share, By Regions, 2021-2031F |
3.7 Cyber Security Market - Industry Life Cycle |
3.8 Cyber Security Market - Porter’s Five Forces |
4 Cyber Security Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Cyber Security Market Trends |
6 Cyber Security Market Overview, By Component |
6.1 Cyber Security Market Revenues, By Solutions, 2021-2031F |
6.2 Cyber Security Market Revenues, By Services, 2021-2031F |
7 Cyber Security Market Overview, By Offerings |
7.1 Cyber Security Market Revenues, By Identity and Access Management, 2021-2031F |
7.2 Cyber Security Market Revenues, By Infrastructure Security, 2021-2031F |
7.3 Cyber Security Market Revenues, By Governance, Risk and Compliance, 2021-2031F |
7.4 Cyber Security Market Revenues, By Unified Vulnerability Management Service, 2021-2031F |
7.5 Cyber Security Market Revenues, By Data Security and Privacy Service, 2021-2031F |
7.6 Cyber Security Market Revenues, By Other, 2021-2031F |
8 Cyber Security Market Overview, By Deployments |
8.1 Cyber Security Market Revenues, By Cloud, 2021-2031F |
8.2 Cyber Security Market Revenues, By On-Premises, 2021-2031F |
9 Cyber Security Market Overview, By Verticals |
9.1 Cyber Security Market Revenues, By Aerospace and Defense, 2021-2031F |
9.2 Cyber Security Market Revenues, By BFSI (Banking Finance Services and Insurance), 2021-2031F |
9.3 Cyber Security Market Revenues, By Retail, 2021-2031F |
9.4 Cyber Security Market Revenues, By Healthcare and Hospitality, 2021-2031F |
9.5 Cyber Security Market Revenues, By IT and Telecom, 2021-2031F |
9.6 Cyber Security Market Revenues, By Energy and Utilities, 2021-2031F |
9.7 Cyber Security Market Revenues, By Manufacturing, 2021-2031F |
9.8 Cyber Security Market Revenues, By Commercial Offices, 2021-2031F |
9.9 Cyber Security Market Revenues, By Others, 2021-2031F |
10 North America Cyber Security Market Overview |
10.1 North America Cyber Security Market Revenues, 2021-2031F |
10.2 North America Cyber Security Market Revenue, By Component, 2021-2031F |
10.3 North America Cyber Security Market Revenue, By Offerings, 2021-2031F |
10.4 North America Cyber Security Market Revenue, By Deployments, 2021-2031F |
10.5 North America Cyber Security Market Revenue, By Verticals, 2021-2031F |
10.6 North America Cyber Security Market Revenue, By Countries, 2021-2031F |
11 Europe Cyber Security Market Overview |
11.1 Europe Cyber Security Market Revenues, 2021-2031F |
11.2 Europe Cyber Security Market Revenue, By Component, 2021-2031F |
11.3 Europe Cyber Security Market Revenue, By Offerings, 2021-2031F |
11.4 Europe Cyber Security Market Revenue, By Deployments, 2021-2031F |
11.5 Europe Cyber Security Market Revenue, By Verticals, 2021-2031F |
11.6 Europe Cyber Security Market Revenue, By Countries, 2021-2031F |
12 Asia Pacific Cyber Security Market Overview |
12.1 Asia Pacific Cyber Security Market Revenues, 2021-2031F |
12.2 Asia Pacific Cyber Security Market Revenue, By Component, 2021-2031F |
12.3 Asia Pacific Cyber Security Market Revenue, By Offerings, 2021-2031F |
12.4 Asia Pacific Cyber Security Market Revenue, By Deployments, 2021-2031F |
12.5 Asia Pacific Cyber Security Market Revenue, By Verticals, 2021-2031F |
12.6 Asia Pacific Cyber Security Market Revenue, By Countries, 2021-2031F |
13 Latin America Cyber Security Market Overview |
13.1 Latin America Cyber Security Market Revenues, 2021-2031F |
13.2 Latin America Cyber Security Market Revenue, By Component, 2021-2031F |
13.3 Latin America Cyber Security Market Revenue, By Offerings, 2021-2031F |
13.4 Latin America Cyber Security Market Revenue, By Deployments, 2021-2031F |
13.5 Latin America Cyber Security Market Revenue, By Verticals, 2021-2031F |
13.6 Latin America Cyber Security Market Revenue, By Countries, 2021-2031F |
14 The Middle East and Africa Cyber Security Market Overview |
14.1 the Middle East and Africa Cyber Security Market Revenues, 2021-2031F |
14.2 the Middle East and Africa Cyber Security Market Revenue, By Component, 2021-2031F |
14.3 the Middle East and Africa Cyber Security Market Revenue, By Offerings, 2021-2031F |
14.4 the Middle East and Africa Cyber Security Market Revenue, By Deployments, 2021-2031F |
14.5 the Middle East and Africa Cyber Security Market Revenue, By Verticals, 2021-2031F |
14.6 the Middle East and Africa Cyber Security Market Revenue, By Countries, 2021-2031F |
15 Cyber Security Market Key Performance Indicators |
16 Cyber Security Market Opportunity Assessment |
16.1 Cyber Security Market Opportunity Assessment, By Component, 2031F |
16.2 Cyber Security Market Opportunity Assessment, By Offerings, 2031F |
16.3 Cyber Security Market Opportunity Assessment, By Deployments, 2031F |
16.4 Cyber Security Market Opportunity Assessment, By Verticals, 2031F |
17 Cyber Security Market Competitive Landscape |
17.1 Cyber Security Market Revenue Share, By Companies, 2024 |
17.1.1 North America Cyber Security Market Revenue Share, By Companies, 2024 |
17.1.2 Europe Cyber Security Market Revenue Share, By Companies, 2024 |
17.1.3 Asia Pacific Cyber Security Market Revenue Share, By Companies, 2024 |
17.1.4 Latin America Cyber Security Market Revenue Share, By Companies, 2024 |
17.1.5 the Middle East and Africa Cyber Security Market Revenue Share, By Companies, 2024 |
17.2 Cyber Security Market Competitive Benchmarking, By Operating Parameters |
18 Company Profiles |
19 Key Strategic Recommendations |
20 Disclaimer |
Market Forecast By Components (Solutions, Services), By Offerings (Identity and Access Management, Infrastructure Security, Governance, Risk and Compliance, Unified Vulnerability Management Service, Data Security and Privacy Service And Other), By Deployments (Cloud, On-Premises), By Verticals (Aerospace and Defense, BFSI (Banking Finance Services and Insurance), Retail, Healthcare and Hospitality, IT and Telecom, Energy and Utilities, Manufacturing, Commercial Offices, And Others), By Regions (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) And Competitive Landscape.
Product Code: ETC001563 | Publication Date: Jan 2020 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 300 | No. of Figures: 90 | No. of Tables: 30 |
The growing crime rate, incidents of data thefts, growth of public infrastructure, rising IT spending, government initiatives, as well as increasing security spending are boosting the growth of the global cyber security market. Additionally, the requirement for strict adherence to regulatory norms, the evolution of artificial intelligence in the industrial context together with the need for combatting rising instances of cyber-attacks would drive the demand for the cybersecurity market over the coming years.
According to 6Wresearch, the Global Cyber Security Market size is expected to grow rapidly during 2020-2026. North America currently holds the largest market share in the cybersecurity market and is expected to maintain its dominance in the forecast period due to the growth of E-commerce platforms and national security concerns. Europe market is expected to register high growth in the cybersecurity market over the forecast period owing to the growing developments in Artificial intelligence and increasing penetration of the Internet of Things (IoT) in the region.
Based on components, the services segment is anticipated to grow significantly on the back of the rapid implementation of cloud-based services to manage the integral infrastructure of companies. Also, cloud deployment mode is gaining popularity on account of its low maintenance requirements and data increasingly being stored on cloud platforms. Based on Offerings, Identity and Access Management is the leading segment in terms of market share, and the growing culture of ‘Bring Your Own Device’ and ‘Internet of Things' is likely to propel further growth of the segment.
The global cyber security market report systematically covers the market by components, offerings, deployments, verticals, regions including Asia Pacific, North America, Latin America, Middle East, and Africa, and Europe and key countries. The global cyber security market outlook provides an unbiased and detailed analysis of the on-going global cyber security market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Global cyber security market is expected to register sound revenue growth in the coming years backed by the rising need for security and safety in the developed and developing economies across the globe. The rising number of cybercrimes whereby, false use of the user’s personal information is made and poses a threat to his privacy. These rising threats are posing a substantial demand for cybersecurity and is expected to assist the global cybersecurity market garner potential revenues in the coming years. Further, the unaffordability of businesses regarding data breaches is another driving factor for the potential growth of the Global cybersecurity market and is expected to assist potential market growth in the coming years.
Global Cybersecurity market is anticipated to register sound revenues in the upcoming six years on the back of the rising cyberattacks and data breaching practices. Additionally, on the basis of region, Europe Cybersecurity Market is projected to gain momentum in the forthcoming years backed by the rising growth of online start-up businesses across the region such as online grocery sales and online coaching whereby the outbreak of the global COVID-19 has been playing a crucial role in scaling up the growth of online businesses as the entire population maintain social distancing while performing their essential activities at times of coronavirus pandemic and this is increasing online activities. As a result, the increase in the online business landscapes is not only into profit deals, but their sales platform is also exposed to malfunctioning and as a result, require cybersecurity solutions to ensures safe transaction during online grocery sales and is expected to propel the significant demand for cybersecurity solutions in the coming years in the European countries and would benefit the massive growth of the entire Europe Cybersecurity Market in the forthcoming years and would benefit the growth of the overall Global cybersecurity market in the impending period.
The global cybersecurity market is estimated to witness substantial growth throughout the forecast period 2020-26F backed by the rising e-commerce platform at a starry rate. On the basis of the region, the Asia Pacific cybersecurity market is expected to mark its presence in the market owing to country-wise, the Indian facility management market is estimated to strengthen the growth of the market in the coming years underpinned by the rising evolution of the corporate sector especially in Bangalore, Hyderabad, and Mumbai which are registered as commercial hubs. With the increase of skilled manpower along with the rising IT outsourcing service in the country, the growth of facility management is expected to gain popularity in commercial offices especially to ensure enormous business productivity, as a result, these factors would act as a catalyst for the growth of Asia Pacific facility management market, as a result, is estimated to bolster the growth of cybersecurity market globally.
Key Highlights of the Report:
Markets Covered
The Global Cyber Security Market report provides a detailed analysis of the following market segments:
Other Key Reports Available: