In 2023, ransomware was the most frequently detected cyberattack worldwide, with around 70 percent of all detected cyberattacks. Network breaches ranked second, with almost 19 percent of the detections. Although less frequently, data exfiltration was also among the detected cyberattacks.

Phishing, ransomware, and business malware have been the most widespread types of cyberattacks in the United States, resulting in data compromises. In 2024, 455 cases of phishing and its variations were detected. Ransomware followed in the second place, with 188 attacks.

In 2023, network intrusion was the most common type of cybercrime attack experienced by companies in the United States, accounting for ** percent of incidents. Business e-mail compromise (BEC) ranked second, with ** percent of data security incidents in U.S. companies. A further ** percent of companies reported having encountered inadvertent disclosure.

In 2024, manufacturing saw the highest share of cyberattacks among the leading industries worldwide. During the examined year, manufacturing companies encountered more than a quarter of the total cyberattacks. Organizations in the finance and insurance followed, with around 23 percent. Professional, business, and consumer services ranked third, with 18 percent of reported cyberattacks. Manufacturing industry and cyberattacks The industry of manufacturing has been in the center of cyberattacks in a long time. The share of cyberattacks targeting organizations in this sector in 2018 was at 10 percent, while in 2024, it amounted to 26 percent. The situation is even more compliacted when we look at the cyber vulnerabilities found in this sector. In 2024, critical vulnerabilities in manufacturing companies lasted 205 days on average. IT perspective and prevention With recent technology developments, cybersecurity is crucial to an organization’s success. Realizing this, companies have been gradually increasing cybersecurity investments. Thus, in 2024, the cybersecurity budget worldwide was forecast to increase to nearly 283 billion U.S. dollars. Roughly nine in ten board directors of companies worldwide in professional services and media and entertainment industries say they expect an increase in the cybersecurity budget.

Some industries are affected by cyber attacks more than others. These next cybersecurity statistics detail specifically who is affected by cyber-attacks and why they are.

As of April 2023, ** percent of respondents from the AMER (North, Central, and South America) region stated that their company perceived cyber attacks as an important threat. Overall, ** percent of respondents worldwide stated that their company was threatened by cyber attacks.

The average cyber attack takes 280 days to identify and contain and it costs an average of about $3.86 million to deal with properly.

Did the COVID-19 pandemic really affect cybersecurity? Short answer – Yes. Cybercrime is up 600% due to COVID-19.

Pay attention to the following cybersecurity statistics to learn how to protect yourself from attacks.

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...

Over 95% of cybersecurity breaches occur as a result of human error.

Revenue in the cybersecurity industry worldwide reached $146.32 billion in 2022.

Introduction

Cybersecurity Statistics: In a world that is increasingly becoming digital, cybersecurity statistics are now more important than ever for enterprises, governments, and individuals. The world has undergone significant changes in terms of online data storage and e-commerce, which have expanded the threat landscape. Cybercriminals have become sophisticated by using advanced methods to compromise security systems, steal private information, and disrupt operations. Cybersecurity statistics result in huge financial losses as well as reputational damages, hence making it one of the most critical elements in modern-day businesses and governance.

The global cybersecurity market has grown tremendously over the past few years due to the increasing number and complexity of cyber threats. In 2023, the cybersecurity industry was estimated to be worth around $217 billion, representing an increase of 15% from 2022. This growth was primarily due to increased awareness regarding cyber risks, coupled with numerous high-profile data breaches affecting both organizations and governments across the globe.

Information Technology (IT) Security as a Service Market Outlook

The IT Security as a Service market has been experiencing robust growth, with the global market size expected to reach approximately USD 25 billion in 2023. Driven by increasing cybersecurity threats and regulatory requirements, the market is anticipated to expand at a CAGR of around 14% from 2024 to 2032, reaching an estimated USD 73 billion by the end of the forecast period. This significant growth is fueled by advancements in technology, increased adoption of cloud services, and the growing need for organizations to safeguard their digital assets. The rapid digital transformation across industries and the escalating volume of data breaches have propelled the demand for comprehensive security solutions, thereby acting as a pivotal growth factor for the IT Security as a Service market.

A primary growth factor for the IT Security as a Service market is the escalating frequency and sophistication of cyber-attacks. With the increasing reliance on digital platforms, organizations are becoming more vulnerable to cyber threats such as ransomware, phishing, and denial-of-service attacks. Consequently, businesses are prioritizing the implementation of robust security solutions to protect their sensitive data and maintain customer trust. Moreover, the surge in remote work and the proliferation of Internet of Things (IoT) devices have expanded the attack surface, necessitating enhanced security measures. This growing demand for comprehensive cybersecurity solutions has significantly contributed to the upward trajectory of the IT Security as a Service market.

Another crucial factor driving market growth is the stringent regulatory landscape governing data protection and privacy. Governments and regulatory bodies worldwide have introduced rigorous compliance mandates, compelling organizations to adopt advanced security frameworks. Regulations such as the General Data Protection Regulation (GDPR) in Europe and the California Consumer Privacy Act (CCPA) in the United States require businesses to implement stringent security protocols to safeguard consumer data. Consequently, organizations are increasingly relying on IT Security as a Service providers to ensure compliance with these regulations and mitigate potential legal and financial repercussions, thereby bolstering market growth.

The adoption of cloud-based solutions has also been a significant driver for the IT Security as a Service market. As businesses migrate to cloud environments for greater scalability and cost-efficiency, the need for cloud-specific security measures becomes paramount. Cloud-based security services offer real-time threat monitoring, rapid deployment, and simplified management, making them an attractive option for enterprises seeking agile and efficient security solutions. Additionally, the integration of artificial intelligence and machine learning in security services has enhanced threat detection and response capabilities, further boosting the demand for IT Security as a Service offerings.

In this evolving landscape, the role of Network Security Service Provider Services has become increasingly critical. These services are essential for organizations looking to protect their network infrastructure from sophisticated cyber threats. By partnering with specialized providers, businesses can leverage advanced security technologies and expertise that may not be available in-house. Network Security Service Providers offer a range of services, including threat detection, vulnerability management, and incident response, tailored to meet the unique needs of each organization. As cyber threats continue to evolve, the demand for these services is expected to grow, enabling organizations to maintain robust security postures and safeguard their digital assets effectively.

Regionally, North America currently holds the largest share of the IT Security as a Service market, driven by the presence of major technology companies and a high level of cybersecurity awareness. The region is expected to maintain its dominance over the forecast period, with a robust CAGR owing to continuous technological advancements and increased investments in cybersecurity infrastructure. Meanwhile, the Asia Pacific region is anticipated to witness the fastest growth, attributed to the rapid digitalization of economies, growing internet penetration, and rising cyber threats. Countries such as China and India are investing heavily in cybersecurity initiatives, further propelling market expansion in the region.<

The European Repository of Cyber Incidents (EuRepoC) is releasing the Global Dataset of Cyber Incidents in Version 1.3 as an extract of our backend database. This official release contains fully consolidated cyber incident data reviewed by our interdisciplinary experts in the fields of politics, law and technology across all 60 variables covered by the European Repository. Version 1.3 covers the years 2000 – 2024 entirely. The Global Dataset is meant for reliable, evidence-based analysis. If you require real-time data, please refer to the download option in our TableView or contact us for special requirements (including API access).

The dataset now contains data on 3416 cyber incidents which started between 01.01.2000 and 31.12.2024. The European Repository of Cyber Incidents (EuRepoC) gathers, codes, and analyses publicly available information from over 220 sources and 600 Twitter accounts daily to report on dynamic trends in the global, and particularly the European, cyber threat environment.

For more information on the scope and data collection methodology see: https://eurepoc.eu/methodology

Full Codebook available here

Information about each file

please scroll down this page entirely to see all files available. Zenodo only displays the attribution dataset by default.

Global Database (csv or xlsx):
This file includes all variables coded for each incident, organised such that one row corresponds to one incident - our main unit of investigation. Where multiple codes are present for a single variable for a single incident, these are separated with semi-colons within the same cell.

Receiver Dataset (csv or xlsx):
In this file, the data of affected entities and individuals (receivers) is restructured to facilitate analysis. Each cell contains only a single code, with the data "unpacked" across multiple rows. Thus, a single incident can span several rows, identifiable through the unique identifier assigned to each incident (incident_id).

Attribution Dataset (csv or xlsx):
This file follows a similar approach to the receiver dataset. The attribution data is "unpacked" over several rows, allowing each cell to contain only one code. Here too, a single incident may occupy several rows, with the unique identifier enabling easy tracking of each incident (incident_id). In addition, some attributions may also have multiple possible codes for one variable, these are also "unpacked" over several rows, with the attribution_id enabling to track each attribution.

Dyadic Dataset (csv or xlsx):
The dyadic dataset puts state dyads in the focus. Each row in the dataset represents one cyber incident in a specific dyad. Because incidents may affect multiple receivers, single incidents can be duplicated in this format, when they affected multiple countries.

Cyber attacks on businesses are becoming more frequent, targeted, and complex. The effects of a cyber attack go well beyond the direct financial consequences. In 2024, ** percent of respondents indicated greater difficulty in attracting new customers as the main consequence of cyber attacks.

Data breaches cost companies and businesses a lot of money. The average cost of a data breach is $3.86 million.

During the first half of 2024, around ** percent of cyberattacks carried out in Italy had cybercrime as a purpose. Cyber espionage was another motivation, representing the main reason behind roughly **** percent of attacks. By contrast, information warfare only accounted for *** percent of the cyberattacks in the country in the last examined period. Data breaches in Italy In 2023, over half of the Italian digital population was alerted that their personal data had been breached, and **** percent of the alerted users had the misfortune of being affected by data compromise on the dark web. Despite a decrease in the number of data sets affected in data breaches between 2020 and 2023, Italy recorded almost *** million exposed data sets at the beginning of 2023.Meanwhile, the average cost of data breaches for both Italian companies and targeted users kept growing, reaching **** million U.S. dollars in 2024, up from the **** million U.S. dollars recorded in the previous year. The Italian privacy landscape: GDPR effects As a state member of the European Union, Italy is covered by the General Data Protection Regulation (GDPR). Since 2018, the GDPR has regulated online data privacy and has the responsibility to represent consumers’ interests within the digital and tech landscape of the Union. As of 2023, approximately *** fines were issued in Italy due to violations of the GDPR – making Italy the second country in Europe with the highest number of violations dispensed to tech companies. The highest GDPR fine ever issued in Italy was at the expense of Telecom Italia (TIM), one of the largest Italian telecommunications companies. TIM was fined approximately **** million euros in January 2020. GDPR is enforced and helped by the country's Garante della Privacy, the national institution overseeing Italian users’ online rights, cybersecurity, and digital privacy.

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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 (Internet of Things) technologies. These trends present both opportunities and challenges for market participants. On the one hand, the growing number of connected devices creates a larger attack surface, necessitating robust cybersecurity solutions. On the other hand, this expansion offers new opportunities for innovation and revenue generation. However, the high cost of deployment remains a substantial challenge for market entrants. Implementing advanced cybersecurity measures can be expensive, particularly for small and medium-sized businesses. Furthermore, the constant evolution of cyber threats necessitates continuous investment in research and development to stay ahead of adversaries. Companies must balance the need for effective security with the financial constraints of their organizations. To capitalize on market opportunities and navigate these challenges, cybersecurity providers must focus on offering affordable, scalable solutions that can adapt to the evolving threat landscape.

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

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free SampleIn the ever-evolving the market, entities such as cloud security, vulnerability scanning, multi-factor authentication (MFA), risk management, security awareness training, incident response, access control, disaster recovery, endpoint protection, data encryption, log management, and others continue to play crucial roles in safeguarding digital assets across various sectors. The market dynamics of this industry remain in a constant state of flux, with emerging threats and evolving attack vectors requiring continuous adaptation and innovation. Cloud security solutions are essential as businesses increasingly migrate their operations to the cloud. Vulnerability scanning tools help identify and address weaknesses in systems, while MFA adds an extra layer of protection against unauthorized access. Risk management strategies ensure organizations are prepared for potential threats, and security awareness training equips employees with the knowledge to avoid common pitfalls. Incident response plans enable swift action when breaches occur, access control policies restrict access to sensitive data, and disaster recovery plans ensure business continuity in the face of disruptions. Endpoint protection shields devices from malware and other threats, while data encryption keeps information secure. Log management and analysis help detect and respond to anomalous behavior, and artificial intelligence (AI) and machine learning (ML) technologies enhance threat intelligence and improve overall security posture. The landscape is further enriched by advanced techniques such as threat modeling, threat hunting, and purple and red teaming, which help organizations proactively identify and address vulnerabilities. Zero-day exploits, man-in-the-middle (MITM) attacks, cross-site scripting (XSS), SQL injection, denial-of-service (DoS) and distributed denial-of-service (DDoS) attacks, social engineering, and penetration testing are just some of the ongoing threats that necessitate the continuous evolution of cyber security solutions. The market is a complex and dynamic ecosystem, where entities such as PCI DSS, cyber insurance, compliance auditing, zero trust security, and threat intelligence play integral roles in maintaining security and ensuring regulatory compliance. The ongoing unfolding of market activities and evolving patterns underscore the importance of staying informed and adaptive in this ever-changing landscape.

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-userGovernmentBFSIICTManufacturingOthersDeploymentOn-premisesCloud-basedProductSolutionServicesSectorLarge enterprisesSMEsTypeCloudEnd-point and IOTNetworkApplicationGeographyNorth AmericaUSCanadaEuropeFranceGermanyItalyUKAPACChinaIndiaJapanSouth AmericaBrazilRest of World (ROW)

By End-user Insights

The government segment is estimated to witness significant growth during the forecast period.The market encompasses various solutions and services, including cloud security, vulnerability scanning, multi-factor authentication, risk management, security awareness training, incident response, access control, disaster recovery, endpoint protection, data encry