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The Cyber Security Market report segments the industry into By Offering (Solutions, Services), By Deployment (On-Premise, Cloud), By End-User Industry (IT and Telecom, BFSI, Retail and E-Commerce, Oil Gas and Energy, Manufacturing, Government and Defense, Other End-user Industries), and By Geography (North America, Europe, Asia, Latin America, Middle East and Africa). Get five years of historical data and market forecasts.
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Cyber Security Market size is expected to be worth around USD 608.3 Billion by 2033, growing at a CAGR of 12.2% during the forecast period.
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The global cyber security market was valued at USD 217.65 billion in 2021 and is expected to grow at a CAGR of 9.7% during the forecast period.
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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.
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Cyber Security Market size was valued at USD 197.4 billion in 2021, and is predicted to reach USD 657.02 billion by 2030, with a CAGR of 12.8% from 2022 to 2030.
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The US Cybersecurity Market report segments the industry into By Offering (Solutions, Services), By Deployment Mode (Cloud, On-Premise), By Organization Size (SMEs, Large Enterprises), 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.
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The global industrial cybersecurity market size was valued at USD 19.00 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 32.76 Billion by 2033, exhibiting a CAGR of 6.24% during 2025-2033. North America currently dominates the market, holding a significant market share of 42.0% in 2024. The rising incidence of cyberattacks against critical infrastructures and the escalating demand for cloud-based solutions and the development of advanced cybersecurity solutions are major factors propelling the market growth. Besides this, industrial cybersecurity market share is driven by the increasing utilization of artificial intelligence (AI) and machine learning (ML) techniques.
Report Attribute
|
Key Statistics
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---|---|
Base Year
|
2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024
| USD 19.00 Billion |
Market Forecast in 2033
| USD 32.76 Billion |
Market Growth Rate 2025-2033 | 6.24% |
IMARC Group provides an analysis of the key trends in each segment of the global industrial cybersecurity market, along with forecasts at the global, regional, and country levels from 2025-2033. The market has been categorized based on component, security type, and industry.
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Global Cybersecurity market size is expected to reach $434.76 billion by 2029 at 12.9%, segmented as by solution, infrastructure protection, network security, endpoint security, data security, application security, cloud security, other solutions
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The North America Cyber Security Market is Segmented by Offering (Solutions (Application Security, Cloud Security, Data Security, Identity and Access Management, Infrastructure Protection, Integrated Risk Management, Network Security Equipment, End-Point Security and Other Solutions) and Services (Professional Services and Managed Services)), by Deployment (On-Premise and Cloud), by Organization Size (SMEs, Large Enterprises), by End-User Industry (BFSI, Healthcare, IT and Telecom, Industrial and Defense, Retail, Energy and Utilities, Manufacturing, and Other End-User Industries), and Country (United States, Canada). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.
The market for artificial intelligence (AI) cybersecurity is expected to show significant growth in the coming years. While valued at 24.3 billion U.S. dollars in 2023, the AI cybersecurity market is forecast to double by 2026, before reaching nearly 134 billion U.S. dollars by 2030.
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Cybersecurity Market is projected to reach US$ 638.2 billion by 2032, growing at a CAGR of 13.40% from 2024 to 2032.
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The cybersecurity market will grow from $225.7 Bn in 2025 to $443.1 Bn by 2032 at a 10.2% CAGR, driven by rising cyber threats and digital transformation
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The Indonesia 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). Five years of historical data and market forecasts are included.
The size of the global market for automotive cybersecurity is projected to almost double between 2020 and 2030. While the market was sized at some five billion U.S. dollars in 2020, it is expected to reach the size of about 9.7 billion U.S. dollars in 2030. The largest growing segment of the global automotive cybersecurity market is projected to be cybersecurity-related software development.
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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.
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The Cyber Security Market size is expected to reach a valuation of USD 655.8 billion in 2033 growing at a CAGR of 12.60%. The Cyber Security Market research report classifies Market by share, trend, demand, forecast and based on segmentation.
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The Global Cybersecurity Market size was valued at around USD 181 billion in 2023 & is estimated to grow at a CAGR of around 10% during the forecast period 2024-30.
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 witnessing significant growth, driven by the increasing use of mobile devices and the adoption of the Internet of Things (IoT) technology. These trends are expanding the attack surface for cybercriminals, necessitating robust security solutions. However, the high cost of deployment remains a formidable challenge for market growth. Despite this, opportunities abound for companies specializing in advanced threat protection, network security, and endpoint security. As the digital landscape evolves, organizations must invest in cybersecurity to safeguard their critical assets and maintain customer trust.
The integration of artificial intelligence and machine learning into cybersecurity solutions is a promising development, offering enhanced threat detection and response capabilities. Companies focusing on these innovative technologies are well-positioned to capitalize on the market's potential and navigate the challenges effectively.
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.
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The cybersecurity market continues to evolve, with dynamic market activities shaping the industry's landscape. Artificial intelligence (AI) is increasingly integrated into security solutions, enhancing threat detection and response capabilities. Security awareness training remains a crucial component, mitigating risks from social engineering attacks. Secure web gateways safeguard against web-based threats, while red teaming simulates attacks to identify vulnerabilities. Security operations and monitoring provide real-time threat intelligence, enabling swift response to zero-day exploits and data breaches. Threat modeling and risk assessment are essential for proactive security strategies, addressing potential vulnerabilities in applications and infrastructure. Supply chain attacks pose significant risks, necessitating robust security measures throughout the supply chain.
Log analysis and security auditing are crucial for maintaining regulatory compliance and ensuring the integrity of data. Cybersecurity insurance and cloud security are growing areas of focus, with organizations seeking to mitigate risks in the cloud environment. Endpoint security and machine learning are integral to securing the perimeter and detecting advanced threats. Security orchestration streamlines security operations, enabling efficient response to threats. Network security and vulnerability management are ongoing priorities, with the threat landscape continually evolving. Anomaly detection and behavioral analytics offer valuable insights into potential threats, complementing traditional security measures. Denial-of-service (DoS) attacks and biometric authentication are among the various challenges shaping the cybersecurity market.
Threat intelligence and security automation are essential tools for staying ahead of emerging threats. The cybersecurity landscape is ever-changing, requiring continuous adaptation and innovation.
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
South America
Brazil
Middle East and Africe
UAE
Rest 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 penetration testing, password management, wireless security, incident response, serverless security, zero trust, multi-factor authentication, secure coding practices, anomaly detection, behavioral analytics, network security, vulnerability management, security analytics, and more. In 2024, the government sector holds the largest market share, driven by the surge in security installations in developed and developing countries, as well as the significant contributions from homeland security and defense sectors. The increasing need for data security and confidentiality further propels market growth.
Notably, many governments worldwide have dedicated cybe
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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...
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The Singapore 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 and forecasts.
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The Cyber Security Market report segments the industry into By Offering (Solutions, Services), By Deployment (On-Premise, Cloud), By End-User Industry (IT and Telecom, BFSI, Retail and E-Commerce, Oil Gas and Energy, Manufacturing, Government and Defense, Other End-user Industries), and By Geography (North America, Europe, Asia, Latin America, Middle East and Africa). Get five years of historical data and market forecasts.