Australia Cybersecurity Market Report Segments the Industry Into by Offering (Solutions, Services), by Deployment Mode (Cloud, On-Premise), by Organization Size (SMEs, Large Enterprises), and by End User (BFSI, Healthcare, IT and Telecom, Industrial & Defense, Retail, Energy and Utilities, Manufacturing, Others). Get Five Years of Historical Data Alongside Five-Year Market Forecasts.

The total market size of the cybersecurity industry in Australia was estimated to reach over ************ U.S. dollars in 2023. According to the source, the federal government was the largest end-user market for cyber security sales in the country.

The size of the Cybersecurity Market in Australia market was valued at USD XXX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 18.44% during the forecast period. Recent developments include: February 2022 : Australian Cyber Security Centre (ACSC), the Cybersecurity and Infrastructure Security Agency (CISA), along with the Federal Bureau of Investigation (FBI), National Security Agency (NSA), among others, issued a joint Cybersecurity Advisory outlining the growing international threat posed by ransomware over the past year., February 2022 : IBM plans to invest a multi-million dollar in its resources to help businesses prepare for and manage the growing threat of cyberattacks to organizations across the Asia Pacific (APAC) region., August 2022 : Wipro Limited, a leading technology services and consulting company, announced the launch of Wipro Shelde Australia, a sovereign cybersecurity offering for the Australian government and critical infrastructure industries, to help navigate the cyber threat landscape., December 2022 : Navitas, an education provider that uses Bugcrowd, starts a private bug bounty program to detect and resolve security issues.. Key drivers for this market are: Rapidly Increasing Cybersecurity Incidents and Regulations Requiring their Reporting, Growing M2M/IoT Connections Demanding Strengthened Cybersecurity in Enterprises. Potential restraints include: Lack of 3D Content Development, Cost-Intensive 3D Displays. Notable trends are: Data Security to Show Significant Growth.

Australia’s Cybersecurity Software Services industry has experienced robust growth in recent years, driven by the rapid adoption of digital technologies and a surge in high-profile data breaches. Incidents involving major organisations, like Medibank and Optus, have heightened public and corporate awareness of cyber risk, underpinning stronger demand for advanced security solutions. The industry has quickly evolved in response, with managed security services and cloud-based platforms replacing legacy software in many organisations. Despite the presence of major global competitors, local firms have carved out influential roles through specialist service delivery and expertise, particularly in managed threat detection and compliance support. Recurring revenue models tied to subscriptions and managed services have provided a buffer against market volatility, driving profitability and enabling cybersecurity services to achieve margin growth despite intense competition. That's why industry revenue is expected to climb 3.7% in the current year, reaching $2.1 billion. This represents an annualised growth rate of 2.2% over the five years through 2025-26. Competitive pressures have intensified as new market entrants and established technology providers vie for the rising demand. Larger players have responded by deepening integration with clients and expanding offerings in AI-powered security automation, while others have found success in niche segments like incident response or critical infrastructure protection. Regulatory changes, particularly the strengthening of the Security of Critical Infrastructure Act and stricter breach notification laws, have compelled organisations to invest more in cybersecurity, with compliance spending now a significant driver of industry revenue. At the same time, the rise in remote and hybrid work has transformed the risk landscape. Firms are investing in sophisticated identity management, data encryption and virtual private networks to protect increasingly distributed workforces and sensitive assets. This shift has fostered sustained demand for ongoing, service-based solutions, while heightening the need for a skilled cybersecurity workforce and creating upwards pressure on wages across the industry. Looking ahead, rapid digitisation, continued threat evolution and increasingly complex connectivity – particularly with the rollout of 5G and the proliferation of Internet of Things devices – are set to place additional pressure on security providers. High-profile breaches and the persistence of human error will ensure cybersecurity remains a high-level priority. As organisations seek to harden defences and navigate changing regulatory expectations, industry revenue is projected to grow at an annual rate of 6.5% through to 2030-31, reaching $2.9 billion.

Australia Cybersecurity Market size was valued at $ 7.21 Bn in 2024 and is expected to reach $ 26.56 Bn by 2032, growing at a CAGR of 16.5% from 2026 to 2032Australia Cybersecurity Market DynamicsThe key market dynamics that are shaping the Australia cybersecurity market include:Key Market Drivers:Increasing Cyber Threats: The rising frequency and sophistication of cyberattacks are expected to drive demand for advanced cybersecurity solutions in Australia. High-profile incidents, such as the Medibank breach affecting 9.7 million individuals and increasing ransomware threats highlighted by the Australian Cyber Security Centre (ACSC), are anticipated to accelerate cybersecurity investments across various sectors.

According to Cognitive Market Research, the global Industrial cybersecurity market size will be USD 89241.8 million in 2025. It will expand at a compound annual growth rate (CAGR) of 10.50% from 2025 to 2033.

North America held the major market share for more than 40% of the global revenue with a market size of USD 33019.47 million in 2025 and will grow at a compound annual growth rate (CAGR) of 8.3% from 2025 to 2033.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 25880.12 million.
APAC held a market share of around 23% of the global revenue with a market size of USD 21418.03 million in 2025 and will grow at a compound annual growth rate (CAGR) of 12.5% from 2025 to 2033.
South America has a market share of more than 5% of the global revenue with a market size of USD 3391.19 million in 2025 and will grow at a compound annual growth rate (CAGR) of 9.5% from 2025 to 2033.
Middle East had a market share of around 2% of the global revenue and was estimated at a market size of USD 3569.67 million in 2025 and will grow at a compound annual growth rate (CAGR) of 9.8% from 2025 to 2033.
Africa had a market share of around 1% of the global revenue and was estimated at a market size of USD 1963.32 million in 2025 and will grow at a compound annual growth rate (CAGR) of 10.2% from 2025 to 2033.
The healthcare sector is expected to have the highest CAGR during the forecast period

Market Dynamics of Industrial Cybersecurity Market

Key Drivers for Industrial Cybersecurity Market

The surge in cybercrime cases propels the growth of the industrial cybersecurity market

The increase in the number of cybercrime cases is expected to drive future growth in the industrial cybersecurity market. Cybercrime refers to criminal activities that take place on computers, computer networks, or the internet and have serious consequences, such as financial losses, reputational damage, and legal penalties for criminals. Industrial cybersecurity is used to protect critical infrastructure and manufacturing operations from a variety of cybercrimes. It entails implementing strong security measures, threat detection systems, and incident response strategies to reduce the risks posed by cyber threats. According to the Australian Cybersecurity Centre, an Australian cybersecurity agency, cybercrime reports received in 2022 totaled 76,000, up 13% from the previous year. As a result, the rise in cybercrime cases propels the industrial cybersecurity market forward

https://www.exportfinance.gov.au/resources/world-risk-developments/2023/march/australia-small-businesses-vulnerable-to-rising-cybercrime/

Rising demand for industrial cybersecurity solutions drives market growth and job opportunities

The growing demand for industrial cybersecurity solutions and services is expected to propel the industrial cybersecurity market. Industrial cybersecurity solutions and services are a collection of technologies and services designed to secure every industrial layer while ensuring the operational consistency and continuity of industrial processes. The demand for industrial cybersecurity solutions across industries is increasing, as is the demand for advanced solutions such as firewalls, antivirus, and intrusion detection systems, which will propel the industrial cybersecurity market forward. For instance, the Bureau of Labor Statistics, a government agency based in the United States, predicts that demand for information security analysts will increase by 28% in 2022, creating 2.8k new jobs. Globally, industrial cybersecurity is expected to generate 3.5 million jobs by 2025. As a result, increasing demand for industrial cybersecurity solutions and services is propelling the market forward

Restraint Factor for the Industrial cybersecurity Market

Complexity of Securing Converged IT and OT Networks Limit Market Growth

One of the primary challenges in the Industrial Cybersecurity Market is the complexities of securing converged IT and OT networks. Traditionally, IT and OT systems operated independently, with separate security measures applied to each domain. However, as industries increasingly integrate IT and OT systems to improve operations, ensuring strong security across both environments becomes significantly more difficult. Traditional IT security solutions typically do not address OT systems' unique requirements, such as real-time performance and the need for l...

Australia Cyber Security Market Size, Share, Growth, Trend & Cyber Security Market Analysis 2027, By Security Type, By Solutions Type, By Deployment Mode (On-Premise v/s Cloud), By End Use Industry, By Company, By Region, Forecast & Opportunities,

Discover the booming Australian cybersecurity market! This analysis reveals a projected market size, impressive CAGR, and key growth drivers. Explore market segments, leading companies, and future trends impacting this crucial sector. Learn how to capitalize on this expanding opportunity. Recent developments include: February 2022 : Australian Cyber Security Centre (ACSC), the Cybersecurity and Infrastructure Security Agency (CISA), along with the Federal Bureau of Investigation (FBI), National Security Agency (NSA), among others, issued a joint Cybersecurity Advisory outlining the growing international threat posed by ransomware over the past year., February 2022 : IBM plans to invest a multi-million dollar in its resources to help businesses prepare for and manage the growing threat of cyberattacks to organizations across the Asia Pacific (APAC) region., August 2022 : Wipro Limited, a leading technology services and consulting company, announced the launch of Wipro Shelde Australia, a sovereign cybersecurity offering for the Australian government and critical infrastructure industries, to help navigate the cyber threat landscape., December 2022 : Navitas, an education provider that uses Bugcrowd, starts a private bug bounty program to detect and resolve security issues.. Key drivers for this market are: Rapidly Increasing Cybersecurity Incidents and Regulations Requiring their Reporting, Growing M2M/IoT Connections Demanding Strengthened Cybersecurity in Enterprises. Potential restraints include: Rapidly Increasing Cybersecurity Incidents and Regulations Requiring their Reporting, Growing M2M/IoT Connections Demanding Strengthened Cybersecurity in Enterprises. Notable trends are: Data Security to Show Significant Growth.

The Australian cybersecurity market is booming, projected to reach $7.09 billion by 2025 with a CAGR of 18.44% through 2033. Learn about key drivers, trends, and leading companies shaping this dynamic landscape. Explore market segmentation and regional insights. Key drivers for this market are: Rapidly Increasing Cybersecurity Incidents and Regulations Requiring their Reporting, Growing M2M/IoT Connections Demanding Strengthened Cybersecurity in Enterprises. Potential restraints include: Lack of 3D Content Development, Cost-Intensive 3D Displays. Notable trends are: Data Security to Show Significant Growth.

Market Size statistics on the Cybersecurity Software Services industry in Australia

The global cyber security market size was USD 251.04 billion in 2024 & is projected to grow from USD 279.96 billion in 2025 to USD 593.08 billion by 2033.
Report Scope:

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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.

What will be the Size of the Market During the Forecast Period?

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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 challen

Australia Cyber Security Market growth is driven by growing digitalization, cloud adoption, and remote work environments, cyber security has become a critical component of enterprise risk management and national security.

The global industrial cybersecurity market size is projected to grow from USD 25.34 billion in 2025 to USD 64.7 billion by 2033, exhibiting a CAGR of 10.5%.
Report Scope:

Australia Financial Services Cybersecurity Systems and Services Market is expected to grow during 2025-2031

The global cyber security services market size is projected to grow from USD 22.11 billion in 2025 to USD 96.33 billion by 2033, exhibiting a CAGR of 20.2%.
Report Scope:

The IT Security Consulting industry has continued to expand. As society continues to digitise and technology advances in emerging areas like AI and cloud computing, security has become a core focus. Both individuals and businesses are seeking to keep their systems safe from attack, whether it's keeping systems online or keeping data secure. Cloud computing has changed how businesses access and use data, involving offsite storage centres that can be accessed remotely – a new type of attack surface requiring IT consulting security services. Mounting telecommunications adoption and internet subscriptions are fuelling further demand. This has caused revenue to climb at an estimated annualised 3.4% to $8.0 billion over the past five years, including an anticipated uptick of 3.2% in 2025-26. As cyberattacks from domestic and international sources have become more frequent and sophisticated, consumers and businesses have grown increasingly concerned about the integrity of IT systems. Specifically, the rise in sophisticated cyber threats, like ransomware and business email compromises, has prompted firms to frequently update their software and security tools. Headline high-profile data breaches involving companies like Medibank, Qantas and MediSecure over the past five years have made executives more willing to invest in external expertise, boosting demand for services in data security and threat assessment. This strong demand for expertise in IT security has strengthened profit margins as consultancies address a growing digital market. Going forwards, as demand is set to strengthen, larger clients will look to move their IT security operations in-house to cut costs and maintain greater control over their own systems. This will move where the industry derives revenue, as downstream markets seek out IT consulting services for specialised security issues that require a higher level of sophistication rather than at a lower level typically provided by in-house IT services. Wages will grow as IT security consulting services seek out a high level of talent to fulfil this niche. Another expected trend will see consulting firms derive more revenue from contracts with government departments as they continue to upgrade national cybersecurity measures in response to network attacks. In culmination, revenue is expected to grow at an annualised 6.3% to $10.9 billion over the five years through 2030-31.

In Australia AI in Cybersecurity Market , was valued at approximately USD 10.11 billion in 2022 and is projected to reach USD 12.45 billion by 2029,

Australia Aerospace Cyber Security Market growth is driven by significant defense spending and the presence of major aerospace companies. Europe will see steady growth, supported by stringent cybersecurity regulations and technological advancements.

The size of the Australia Data Center Physical Security market was valued at USD XXX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 16.84% during the forecast period. Key drivers for this market are: Increasing Data Traffic and Need for Secured Connectivity are Promoting the Growth of the Data Center Physical Security Market, Rise in Cyber Threats is Causing the Data Center Physical Security Market to Grow. Potential restraints include: Limited IT Budgets, Availability of Low-Cost Substitutes, and Piracy are Discouraging the Potential Growth of the Data Center Physical Security Market. Notable trends are: The Video Surveillance Segment has a Significant Share in the Market.