For the fiscal year 2025, the government of the United States proposed nearly 13 billion U.S. dollar budget for cybersecurity, representing an increase from the previous fiscal year. These federal resources for cybersecurity are set to support a broad-based cybersecurity strategy for securing the government and enhancing the security of critical infrastructure and essential technologies.

According to a 2024 survey of Chief Information Security Officers (CISO) worldwide, Ransomware attacks were a leading cybersecurity risk, with roughly 41 percent naming it as one of the three major cybersecurity threats. A further share of 38 percent of the respondents found malware to be a significant risk to their organizations' cybersecurity. Email fraud compromise and DDoS attacks followed closely, with 29 percent.

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Cybersecurity Services Market Size 2024-2028

The cybersecurity services market size is forecast to increase by USD 49 billion at a CAGR of 9.23% between 2023 and 2028. The market is experiencing significant growth due to several key drivers. The increasing number of data breaches and cyber-attacks has heightened the awareness and importance of cybersecurity, leading to an increase in demand for these services. Another trend in the market is the integration of artificial intelligence (AI) and machine learning (ML) technologies to enhance threat detection and response capabilities. However, the high cost of implementing cybersecurity services remains a challenge for many organizations, particularly smaller businesses and governments with limited budgets. Despite this, the market is expected to continue growing as businesses recognize the need for cybersecurity to protect their valuable digital assets.

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The market is witnessing significant growth due to the increasing reliance on digital technologies and the subsequent rise in cyber threats. With the proliferation of cloud computing, remote work, and digital transactions, enterprises across various sectors including banking, financial services, healthcare, e-commerce platforms, and critical infrastructure are increasingly vulnerable to cyberattacks. Digital technologies have revolutionized the way businesses operate, enabling them to offer new services and reach wider audiences. However, they also introduce new risks. Cybersecurity risks, such as malicious attacks, are a major concern for organizations, particularly those dealing with sensitive data.

Moreover, the energy sector and critical infrastructure are also at risk from physical threats that can have digital consequences. Advanced security solutions are essential to mitigate these risks. AI and machine learning technologies are being increasingly adopted to enhance cybersecurity capabilities. Risk-based security approaches are becoming the norm, with organizations prioritizing resources to protect their most valuable assets. The shift to remote work has further complicated cybersecurity efforts. With employees working from home, the traditional perimeter security model is no longer sufficient. Organizations must ensure their networks and data are secure, regardless of where their employees are located. The cybersecurity skills gap is another challenge.

Similarly, with the increasing complexity of cyber threats, there is a growing demand for skilled cybersecurity professionals. Organizations must invest in training and development to ensure they have the necessary expertise in-house. In conclusion, the market is crucial in helping organizations navigate the digital landscape and protect against cyber threats. The market is expected to grow as businesses continue to adopt digital technologies and as cybercriminals become more sophisticated in their attacks. Organizations must prioritize cybersecurity to safeguard their assets and maintain customer trust.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Deployment

  On-premises
  Cloud based


End-user

  Government
  BFSI
  ICT
  Manufacturing
  Others


Geography

  North America

    Canada
    US


  APAC

    China
    India
    Japan
    South Korea


  Europe

    Germany
    UK
    France


  Middle East and Africa



  South America

By Deployment Insights

The on-premises segment is estimated to witness significant growth during the forecast period. On-premises cybersecurity services offer organizations advanced security solutions to safeguard their infrastructure from cyberattacks. These solutions are installed and managed within an organization's own physical environment, providing a high degree of control and customization. With on-premises cybersecurity, businesses can fine-tune security configurations, set up strict access controls, and maintain direct supervision over their security operations. This level of control is essential for industries with stringent regulatory requirements, sensitive data handling policies, or unique security considerations. Machine Learning (ML) and threat detection technologies are increasingly being integrated into on-premises cybersecurity solutions to enhance their capabilities. Cloud security services are also becoming a significant component of on-premises cybersecurity offerings, allowing organizations to extend their security perimeter to the cloud. The demand for cybersecurity professionals is at an all-time high due to the increasing number of cyberattacks.

However, there is a significant cyber talent shortage, making it ch

The Cybersecurity Factors dataset provides a novel source of information for all investors, providing value as a risk indicator, ESG indicator and alternative alpha source.

As per Cognitive Market Research's latest published report, the Global Cyber Security market size was $154.80 Billion in 2022 and it is forecasted to reach $353.15 Billion by 2030. Cyber Security Industry's Compound Annual Growth Rate will be 10.8% from 2023 to 2030. Market Dynamics of Cyber Security Market:

Increased target based cyber-attacks:

Every year, cybercrime dramatically rises as attackers become more proficient and sophisticated. In target-based cyberattacks, hackers or attackers focus on a single organisation because they have a particular business interest. Putting the attack together could take months so they can figure out the best way to get their exploit into your systems (or users). Because it has been precisely designed to attack your systems, processes, or persons, at the office and often at home, a targeted attack is frequently more harmful than an untargeted one. In addition to having an impact on the organization's and business's finances, cybersecurity also makes businesses more vulnerable and uncertain.

Cyberattacks can potentially harm a company's reputation, especially if private customer information is taken. The established customer trust may suffer as a result of cyberattacks. This breach of trust may be challenging to repair and may have long-term effects on the company. The activities of a company are also disrupted by these attacks, making it difficult or impossible to access vital systems or data. This might cause delays in manufacturing, disrupt customer service, and result in lost income. Businesses may occasionally have to stop operating completely until the attack is stopped, which will have a greater financial impact.

Growing need for automated cybersecurity due to the increased use of IoT devices.

Restraining Factor:

Budget restrictions and a lack of specialists among SME's:

Cybersecurity is crucial prat of any organization as it protects against unwanted access, theft, and damage to critical data and computer systems. Cyber-attacks are growing more prevalent in today's digital environment, and they could have very negative effects. Due to the complexity of technology, many organisations, especially SME's, cannot afford cybersecurity despite its necessity. Cybersecurity can be complicated and calls for knowledge in fields like software development, network security, and cryptography. The cost of acquiring and maintaining this expertise might be high. In addition, considering the consistently evolving cyber threats, the updating of cybersecurity measures is necessary. This requires ongoing investment in technology, personnel, and training. Therefore, budget restrictions coupled with expensive tools and software’s and a lack of specialists in SME's might affect the growth of the cyber security market.

Current Trends on Cyber Security:

Rising e-commerce platforms and online shopping:

Rising disposable income coupled with high penetration of internet and smartphone expected to drive the e-commerce market and online shopping. Online shopping is incredibly convenient for consumers as they can shop from the comfort of their homes or on-the-go using their smartphones or tablets. This is especially true during the COVID-19 pandemic when physical stores are closed or people prefer to avoid crowded places. In addition, online retailers can offer lower prices compared to physical stores due to lower overhead costs. Moreover, E-commerce platforms are open 24/7, which allows customers to shop at any time that is convenient for them. With advances in technology, e-commerce platforms have improved their shipping and delivery options. Overall, rising e-commerce platforms and online shopping provides new opportunities to cyber security market.

Impact of COVID-19 pandemic on Cyber Security Market:

With the widespread shift to remote work and online services, there has been a surge in cyber-attacks, making cyber security more important in COVID-19 pandemic. Organizations are investing in cyber security solutions to safeguard their systems and data as a result of the rise in cyberattacks brought on by the epidemic. The need for cyber security goods and services has increased as a result. Budget restrictions, especially for SME's, have been brought on by the economic burden of the epidemic on many organisations. Cost-effective cyber security solutions are now receiving more attention as a result of this. The CO...

The Cyber Workforce Dashboard provides interactive government-wide level data and visuals on employees working in information technology (IT), cybersecurity, and cyber-related functions as coded by one of the 52 NICE work roles. Data includes EHRI Status and Dynamics Workforce data and CHCO Manager Survey data.

The cyber security market size is predicted to reach $215 billion in 2024 to $697 billion by 2035, growing at a CAGR of 11.3% from 2024 to 2035.

Cybersecurity Software Market Report is Segmented by Offering (Software [Application Security, Cloud Security, Data Security, Identity and Access Management, Infrastructure Protection, Integrated Risk Management, Network Security Equipment, Endpoint Security, Other Solutions]), Deployment (Cloud, On-Premises), End-User (BFSI, Healthcare, Manufacturing, Government and Defense, IT and Telecommunication, Other End-Users), and Geography (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

The cybersecurity certification market size is projected to grow from USD 4.46 billion in 2025 to USD 14.18 billion by 2035, representing a CAGR of 12.26%, during the forecast period till 2035.

The Cybersecurity Market Report is Segmented by Offering (Solutions (Application Security, Cloud Security, Data Security, Identity and Access Management, Infrastructure Protection, Integrated Risk Management, Network Security Equipment, and Other Solutions) and Services (Professional Services and Managed Services)), by Deployment (On-Premise and Cloud), by End-User Industry (IT and Telecommunication, BFSI, Retail and E-Commerce, Oil, Gas and Energy, Manufacturing, Government and Defense, and Other End-User Industries), by Geography (North America, Europe, Asia Pacific, (latin America, and Middle East and Africa). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

The AI in Cybersecurity Market estimated size and share is projected to exceed USD 219.53 billion by 2034, with a forecasted CAGR of 24.1% during the period.

The Romania Cybersecurity Market Report is Segmented by Offering (Solutions (Application Security, Cloud Security, Data Security, Identity and Access Management, Infrastructure Protection, Integrated Risk Management, Network Security Equipment, End-Point Security and Other Solutions) and Services (Professional Services and Managed Services)), by Deployment (On-Premise and Cloud), by Organization Size (SMEs, Large Enterprises), by End-User Industry (BFSI, Healthcare, IT and Telecom, Industrial and Defense, Retail, Energy and Utilities, Manufacturing, and Other End-User Industries). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

The Department of Justice developed the Cyber Security Asset Management (CSAM) tool, which provides federal agencies, program officials, and IT security managers with a web-based secure network capability to assess, document, manage, and report on the status of IT security risk assessments and implementation of Federal and NIST developed IT security control standards and policies. In addition, CSAM also provides a centralized system for the management of Plan of Action and Milestone to include creating, tracking, and closing, as well as automates system inventory and FISMA reporting capabilities.

Global cybersecurity market is expected to grow at a CAGR of nearly 11% and is anticipated to surpass USD 275 Billion by 2026. The component segment bifurcates the global cybersecurity industry into solution and service, of which the service segment is anticipating substantial growth in the upcoming few years.

On June 4-6, 2019, the National Information Technology and Networking Research and Development (NITRD) Program's Artificial Intelligence Research and Development (R&D) and Cyber Security and Information Assurance Interagency Working Groups (IWG), held a workshop to assess the research challenges and opportunities at the intersection of cybersecurity and artificial intelligence (AI). This document summarizes the workshop discussions.

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Cyber Security Market Size 2025-2029

The cyber security market size is forecast to increase by USD 164 billion at a CAGR of 12.5% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing use of mobile devices and the widespread adoption of IoT technology. With the proliferation of connected devices, the attack surface for cyber threats has expanded, leading to a heightened need for cybersecurity solutions. However, the high cost of deployment remains a significant challenge for many organizations, particularly smaller businesses and public sector entities. Despite this, the market presents numerous opportunities for companies that can offer cost-effective, scalable solutions. Key trends include the growing adoption of cloud-based security services, the increasing use of artificial intelligence and machine learning in threat detection, and the rising importance of data privacy and compliance regulations.
Companies seeking to capitalize on these opportunities must stay abreast of the latest threats and technologies, and be agile in their response to changing market conditions. Effective strategic planning, operational efficiency, and a customer-centric approach will be essential for success in this dynamic and evolving market.

What will be the Size of the Cyber Security Market during the forecast period?

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The market is experiencing growth due to the increasing reliance on digital technologies and the subsequent rise in cyber threats. Big data analytics and machine learning are key drivers, enabling advanced threat detection and response. cloud computing's widespread adoption also necessitates security solutions. Regulatory compliance and data protection remain top priorities, with stringent regulations shaping market dynamics. Remote work and digital transactions further expand the attack surface, necessitating security measures.
E-commerce platforms and artificial intelligence present new challenges, requiring continuous innovation. Blockchain technology, with its inherent security features, offers potential solutions. Overall, the market is dynamic, evolving to address emerging trends and threats.

How is this Cyber Security Industry segmented?

The cyber security industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

End-user

  Government
  BFSI
  ICT
  Manufacturing
  Others


Deployment

  On-premises
  Cloud-based


Product

  Solution
  Services


Sector

  Large enterprises
  SMEs


Type

  Cloud
  End-point and IOT
  Network
  Application


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  APAC

    China
    India
    Japan


  Middle East and Africa



  South America

    Brazil

By End-user Insights

The government segment is estimated to witness significant growth during the forecast period. The market is experiencing significant growth due to the increasing use of digital technologies, remote work, and digital transactions. Cloud computing, Big Data Analytics, and IoT devices are key areas of focus, as organizations seek to enhance their network security and threat detection capabilities. However, deployment and implementation challenges persist, as do concerns around budget constraints and the cyber talent shortage. Cyber attacks and operational disruptions continue to pose significant risks, necessitating the adoption of advanced cybersecurity solutions such as machine learning and AI-powered security.

The cybersecurity workforce, including cybersecurity personnel and skilled professionals, plays a crucial role in addressing these challenges. Cloud-based cybersecurity solutions, including cloud application security, secure web gateway, and endpoint security, are increasingly popular due to their flexibility and scalability. Despite these advancements, network protection remains a priority, as does addressing device vulnerabilities and responding to cyber threats in a timely and effective manner.

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The Government segment was valued at USD 49.00 billion in 2019 and showed a gradual increase during the forecast period. The enterprise software market is segmented across industries such as government, BFSI (banking, financial services, and insurance), ICT (information and communication technology), manufacturing, and others, addressing diverse operational needs. Deployment models include on-premises and cloud-based solutions, with the cloud gaining traction for its scalability and flexibility. Offerings encompass both solutions and services, tailored to large enterprises and SMEs (small and medium enterprises), ensuring

The Cybersecurity Mesh Market is estimated to reach USD 6.7 Billion by 2033, riding on a strong 17.8% CAGR throughout the forecast period.

The Asia-Pacific region witnessed the largest cybersecurity workforce gap in 2024, as over 3.37 million IT security professionals were still needed in the most populous continent. Globally, a cybersecurity workforce gap of around 4.7 million required to be filled.

The growing sophistication and frequency of cyber threats, the need to comply with regulations, and the broad use of digital technologies like cloud computing and the Internet of Things are the main factors propelling the Cybersecurity Market. According to the analyst from Verified Market Research, the Cybersecurity Market is estimated to reach a valuation of USD 662.11 Billion in 2031, by subjugating around USD 299.5 Billion valued in 2023.

The increased incidence of cyberattacks, the expanding need for data protection across industries, and the increasing integration of new technologies such as artificial intelligence and machine learning in security solutions are all driving the Cybersecurity Market forward. It enables the market to grow at a CAGR of about 11.5% from 2024 to 2031.