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 estimated total revenue of the cyber security sector in the United Kingdom in 2023 was 11.86 billion British pounds. This was the largest revenue within the period highlighted, representing a value more than twice as high as the one recorded in 2017. Cybersecurity remains in-demandWith the world having to digitalize more than ever, a trend that started with the COVID-19 pandemic, demand for cybersecurity remains high. In 2024, the total spending on cybersecurity is expected to reach 87 billion U.S. dollars, the largest amount recorded in the period under review. Highest growth expected for cloud security sectorGlobally, the information security technology market is set for rapid growth and is forecasted to hit 300 billion dollars by 2030, as spending on cybersecurity products and services grows. Services that fall under this category include data protection, prevention of unauthorized access to systems, and efforts to reduce negative impact in the event of a breach. While the highest global spend in IT security has been in the area of security services, in a 2024 forecast cloud security was named the sector expected to see the highest rate of growth within the year, at roughly 25 percent. This took into account the COVID-19 pandemic and includes policies, applications and technologies specifically implemented to protect cloud-based computing and its infrastructure.

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.

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...

In 2022, the overall size of China's cyber security market reached almost 13 billion U.S. dollars. According to the forecast, the industry was projected to reach a market value of over 26 billion U.S. dollars, with cyber solutions promising the largest growth potential.

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.

The Singapore cybersecurity market size is projected to exhibit a growth rate (CAGR) of 14.92% during ​2025-2033​. The market is robust, driven by increasing digitalization and stringent regulations, deployment of check point software technologies by key players, growing threats, heightened cyberattacks on critical infrastructure, increased investments in advanced security measures, and the rising need for comprehensive threat management solutions fuel demand for solutions.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for ​2025-2033. Our report has categorized the market based on component, deployment type, user type, and industry vertical.

India Cybersecurity 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). The Market Sizes and Forecasts are Provided in Terms of Value in (USD) for all the Above Segments.

Cybersecurity Market is projected to reach US$ 638.2 billion by 2032, growing at a CAGR of 13.40% from 2024 to 2032.

The Singapore 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 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.

The United States cybersecurity market size reached USD 84.9 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 167.9 Billion by 2033, exhibiting a growth rate (CAGR) of 7.9% during 2025-2033. The increasing cyber threats, ongoing digital transformation, strict data protection and privacy regulations, technological advancements, the growing cyber insurance market, and the increasing remote workforce represent some of the key factors driving the market.

IMARC Group provides an analysis of the key trends in each segment of the United States cybersecurity market report, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on component, deployment type, user type and industry vertical.

The global industrial cybersecurity market size reached USD 19.0 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 32.8 Billion by 2033, exhibiting a growth rate (CAGR) of 6.24% during 2025-2033. The rising incidence of cyberattacks against critical infrastructures, growing demand for cloud-based solutions, the development of advanced cybersecurity solutions, and the utilization of artificial intelligence (AI) and machine learning (ML) techniques represent some of the key factors driving the market.

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. Our report has categorized the market based on component, security type, and industry.

Indonesia cybersecurity market size reached USD 1.1 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 6.6 Billion by 2033, exhibiting a growth rate (CAGR) of 19.6% during 2025-2033. The escalating frequency of cyber threats, increased digitalization across industries, rising data privacy concerns, stringent regulatory requirements, the proliferation of the internet of things (IoT) devices, and the accelerated digital transformation due to the COVID-19 pandemic are some of the factors propelling the market growth.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on offering, deployment mode, and end user.

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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 ch

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.

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.

The Defence Cyber Security Market is segmented by solution (defense solutions, threat assessment, network fortification, and training services) and geography (North America (United States and Canada), Europe (United Kingdom), Asia Pacific (China, Japan, India, South Korea, Australia, Singapore, and the Rest of World). The market size and forecasts are provided in terms of value (USD) for all the above segments.

In 2024, network security is expected to be the largest segment in the global cybersecurity market, accounting for 23 billion U.S. dollars. It was followed by vulnerability and security analytics, and identity access management, with a market revenue worth 16.9 and 16.3 billion U.S. dollars, respectively.

In 2023, the revenue of cybersecurity industry in Malaysia amounted to approximately 414 million U.S. dollars, an increase compared to the previous year. Statista Digital Market Insights estimated that the revenue of cybersecurity market in the country will continue to increase and reach around 748.5 million U.S. dollars by 2029.