The UK Cyber Security Market is Segmented by Offering (Solutions and Services), Deployment Mode (Cloud and On-Premise), Organisation Size (Small and Medium Enterprises and Large Enterprises), End User Vertical (BFSI, Healthcare, IT and Telecom, and More), and Security Type (Network Security, Cloud Security, and More), and Region. The Market Forecasts are Provided in Terms of Value (USD).

The UK cybersecurity market size reached USD 15.8 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 46.0 Billion by 2033, exhibiting a growth rate (CAGR) of 10.17% during 2025-2033. There are various factors that are driving the market, which include rising number of cyber threats and remote working trends, favorable government initiatives, increasing adoption of cloud services, and the growing awareness about data privacy.

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.

This statistic show the market forecast of the total cyber security sector in the United Kingdom (UK) from 2010 to 2017. The estimated market size of the total cyber security sector in 2017 is 3,489 million British pounds (GBP). Cyber security exists because the threats and costs are great enough to warrant these measure. When considering the average annual cyber crime costs by industry sector it is necessary to have cyber security in place.The total market size in this statistic is comprised and various different market segments, services, and solutions. When breaking down the solution types there is: governance, content, systems, and infrastructure. In terms of market segments, included are: defense and intelligence, other public sector, enterprises, and small & medium enterprises and consumers. Broken down by IT product/service there is: software, project services & outsourcing, hardware, network, and management consultancy.

In 2020, the cybersecurity market in the United Kingdom generated a total revenue of over *** billion GBP. The majority of this revenue, *** billion GBP, was generated by the IT service segment of this market. Only around *** million came from hardware security. The Statista Technology Market Outlook estimates that revenues off all three markets segments will continue to increase over the next few years.

The United Kingdom Cyber Security market is expected to grow at more than 12.80% CAGR from 2024 to 2029, fueled by continuous innovation in cybersecurity measures.

The Internet of Things has changed how society operates, from businesses undertaking their activity online to transferring financial information via online data packets. However, the digital age has also allowed cyber-attacks and malware to obtain unauthorised access to computer networks for financial gain or personal data, threatening businesses and public resources. The Cyber Security Software Development industry has rapidly gained prominence as cyber threats continue to evolve in complexity and volume. The government's cybercrime statistics reveal that in 2023, UK businesses faced approximately 7.8 million cybercrimes, pushing organisations to ramp up their cyber defences. High-profile cyber breaches have sped up investment in intrusion prevention systems and given a boost to innovation-led cyber start-ups pioneering a new era of security software. The influx of public funding, like the £2.6 billion National Cyber Security Strategy (NCSS) 2022-2025, has supported sustained growth and development in an increasingly vulnerable digital landscape. Over the five years through 2024-25, cyber security software developers' revenue is set to climb at a compound annual rate of 7.3% to reach £1.2 billion. Revenue is anticipated to swell by 8.9% in 2024-25 as demand for cyber security continues to soar. A recurring revenue model has supported profit, although it's been held back by high wage costs and considerable investment in R&D. As malware becomes more and more complex, spending on defence software will continue to swell. Over the five years through 2029-30, revenue is forecast to grow at a compound annual rate of 8.7% to reach £1.9 billion. The government's ongoing NCSS will continue to facilitate UK cyber security initiatives, helping to close the current skills gap in the cyber market. New data protection laws, which come with hefty fines, will make businesses think twice about their cyber security solutions; they'll boost their spending on new IT defence software to ensure they don't break the rules. However, the long-term success of next-generation cyber start-ups depends on their ability to attract equity investment.

The UK cybersecurity market, a significant segment of the global landscape, is experiencing robust growth. With a global market size of $15.72 billion in 2025 and a Compound Annual Growth Rate (CAGR) of 10.42%, the UK's share can be reasonably estimated based on its established technological infrastructure and robust financial sector. Considering the UK's significant contribution to the global economy and its advanced technological adoption, a conservative estimate places its 2025 market size at approximately £2 billion (or ~$2.5 billion USD, assuming a consistent exchange rate). This is driven by several factors including increasing digitalization across all sectors (BFSI, Healthcare, Manufacturing, Government & Defense, and IT & Telecommunications), rising cyber threats, and stringent government regulations mandating robust cybersecurity measures. The market is segmented by offering (Cloud Security, Data Security, Identity Access Management, Network Security, Consumer Security, Infrastructure Protection), service types, deployment methods (Cloud, On-premise), and end-users. The growth is further fueled by the increasing adoption of cloud-based security solutions and the rising demand for managed security services. This trend is expected to continue throughout the forecast period (2025-2033), propelled by the expanding attack surface and the growing sophistication of cyber threats. Key players like BAE Systems, Broadcom, IBM, Fortinet, McAfee, Cisco, Trend Micro, Palo Alto Networks, and Dell Technologies are actively competing in this dynamic market, driving innovation and investment. The UK's cybersecurity market is expected to witness sustained growth due to increasing governmental and regulatory pressure, particularly concerning data privacy and national security. Furthermore, the growing awareness of cybersecurity risks among businesses of all sizes is driving demand for advanced security solutions. This includes a shift toward proactive security measures such as threat intelligence and vulnerability management. While the market faces challenges such as skills shortages in the cybersecurity workforce and the evolving nature of cyber threats, the overall outlook remains positive. The forecast period will likely see increased investment in research and development, leading to the emergence of new technologies and solutions designed to address the latest security challenges. The continuous evolution of cyber threats, necessitates ongoing innovation and adaptation within the industry, ensuring robust and resilient cybersecurity ecosystems for the UK. Recent developments include: February 2023 - Jordan and the United Kingdom signed a memorandum of understanding to strengthen their cybersecurity partnership. Bassam Maharmeh, the director of Jordan's National Center for Cyber Security, and Bridget Brind, the British ambassador to Jordan, signed the agreement. According to the NCSC, the agreement highlights the nations' dedication to safeguarding the financial, social, and security benefits of utilizing a safe and open cyberspace., January 2023 - Chorus and TD SYNNEX signed a cyber security partnership to deliver cutting-edge solutions to clients. The cooperation is a key component of Chorus' overarching objective of aiding partners and clients by building a UK-based 24/7/365 Cyber Security Operation Center that will leverage Microsoft Sentinel's sophisticated capabilities.. Key drivers for this market are: Increasing Demand for Digitalization and Scalable IT Infrastructure, Need to tackle risks from various trends such as third-party vendor risks, the evolution of MSSPs, and adoption of cloud-first strategy. Potential restraints include: Lack of Cybersecurity Professionals, High Reliance on Traditional Authentication Methods and Low Preparedness. Notable trends are: Cloud Deployment Segment is Expected to Register a Significant Growth in the Market.

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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

UK Cybersecurity Market valued at USD 15 billion, driven by rising cyber threats, cloud adoption, and regulatory compliance. Key segments include network and cloud security for government and financial sectors.

The revenue of the cybersecurity market in the United Kingdom was forecast to continuously increase between 2024 and 2029 by around ***** billion British pounds. After the ********** consecutive increasing year, the indicator is estimated to reach nearly ** billion British pounds and therefore a new peak in 2029. The Statista Market Insights cover a broad range of additional markets.

The UK Cyber Security report features an extensive regional analysis, identifying market penetration levels across major geographic areas. It highlights regional growth trends and opportunities, allowing businesses to tailor their market entry strategies and maximize growth in specific regions.

United Kingdom Cyber Security Market By Size, Share, Trends, Growth, Opportunities, Forecast 2027, Segmented By Security Type, By Solution Type, By Deployment Mode, By End-User Industry, By Region, Competition Forecast and Opportunities

The UK cybersecurity market, a significant segment of the global landscape, is experiencing robust growth, driven by increasing digitalization, rising cyber threats, and stringent government regulations. The market, valued at approximately £1.5 billion in 2025 (estimated based on global market size and regional market share estimations), is projected to maintain a Compound Annual Growth Rate (CAGR) of around 10% over the forecast period (2025-2033). This growth is fueled by several key factors. The increasing adoption of cloud technologies necessitates robust cloud security solutions, while the growing reliance on interconnected systems across various sectors (BFSI, healthcare, manufacturing, government) creates vulnerabilities that require sophisticated network and data security measures. Furthermore, the evolving nature of cyber threats, including ransomware attacks and sophisticated phishing campaigns, necessitates continuous investment in advanced security technologies and services. The UK's strong financial sector and its role as a global technology hub contribute significantly to this market's expansion. Key players are investing heavily in research and development to stay ahead of evolving threats, leading to a competitive landscape with a wide range of offerings catering to specific industry needs. Despite the significant growth potential, the market faces certain challenges. The skills shortage in cybersecurity professionals remains a major constraint, hindering the effective implementation and management of security solutions. Additionally, the high cost of advanced security technologies and the complexity of integrating various security layers can present obstacles for smaller businesses. However, increasing government initiatives aimed at improving cybersecurity awareness and providing financial incentives for security investments are expected to alleviate some of these challenges. The market segmentation highlights a significant demand for cloud-based security solutions, driven by the increasing adoption of cloud computing infrastructure across various sectors. The focus on proactive security measures, including threat intelligence and incident response services, is also expected to drive growth in the coming years. This signifies a shift from reactive to preventive strategies within the UK's cybersecurity landscape. Recent developments include: February 2023 - Jordan and the United Kingdom signed a memorandum of understanding to strengthen their cybersecurity partnership. Bassam Maharmeh, the director of Jordan's National Center for Cyber Security, and Bridget Brind, the British ambassador to Jordan, signed the agreement. According to the NCSC, the agreement highlights the nations' dedication to safeguarding the financial, social, and security benefits of utilizing a safe and open cyberspace., January 2023 - Chorus and TD SYNNEX signed a cyber security partnership to deliver cutting-edge solutions to clients. The cooperation is a key component of Chorus' overarching objective of aiding partners and clients by building a UK-based 24/7/365 Cyber Security Operation Center that will leverage Microsoft Sentinel's sophisticated capabilities.. Key drivers for this market are: Increasing Demand for Digitalization and Scalable IT Infrastructure, Need to tackle risks from various trends such as third-party vendor risks, the evolution of MSSPs, and adoption of cloud-first strategy. Potential restraints include: Increasing Demand for Digitalization and Scalable IT Infrastructure, Need to tackle risks from various trends such as third-party vendor risks, the evolution of MSSPs, and adoption of cloud-first strategy. Notable trends are: Cloud Deployment Segment is Expected to Register a Significant Growth in the Market.

In UK Defense Cybersecurity Market, offering valuable insights, key market trends, competitive landscape, and future outlook to support strategic decision-making and business growth.

UK Cyber Security Market size was valued at USD 12.8 Billion in 2024 and is projected to reach USD 26.5 Billion by 2032, growing at a CAGR of 9.5% from 2026 to 2032.Cybersecurity entails safeguarding systems, networks and data against digital attacks, theft and damage. It includes safeguards such as encryption, firewalls and intrusion detection to protect sensitive data. With rising cyber threats, it protects the confidentiality, integrity and availability of data for businesses, governments and individuals, thereby maintaining trust in digital transactions and communications.Today's cybersecurity protects against malware, phishing, ransomware and data breaches. Businesses use it to protect customer information, financial records and intellectual property. Governments use it to safeguard national security and critical infrastructure. As remote work and cloud computing become more prevalent, cybersecurity ensures secure online operations and prevents financial losses.

In UK 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,

The UK cybersecurity insurance market, a segment within the broader global market valued at $1.35 billion in 2025 with a 13.40% CAGR, is experiencing robust growth driven by escalating cyber threats targeting businesses of all sizes. Increased frequency and severity of ransomware attacks, data breaches, and compliance failures are compelling organizations to prioritize cyber risk mitigation, fueling demand for comprehensive insurance coverage. The market is segmented by product type (packaged and standalone policies) and application type (banking & financial services, IT & telecom, healthcare, retail, and others). Major players like AIG, Allianz, Beazley, Hiscox, and Marsh dominate the landscape, offering a range of solutions tailored to specific industry needs. The UK market benefits from a sophisticated regulatory environment and a high level of digital adoption, further propelling insurance uptake. However, challenges remain, including the complexity of assessing and pricing cyber risks, a lack of standardized policies, and the potential for significant payouts in the event of major breaches. Given the global CAGR of 13.40% and the UK's prominent position in the global financial and technological sectors, the UK market is likely to experience growth exceeding the global average. Specific growth drivers for the UK include strong government initiatives promoting cybersecurity awareness and regulations like the GDPR, which increase the liability of companies failing to protect data. The rise of cloud computing and the Internet of Things (IoT) also contributes to increased vulnerabilities and higher insurance demand. The market's segmentation reflects the varied risk profiles across different sectors. For instance, the financial services sector will likely show higher insurance penetration due to stricter regulatory requirements and greater exposure to financial crimes. The competitive landscape indicates considerable investment and innovation in product development and risk management techniques, leading to more specialized and effective insurance solutions. Recent developments include: September 2023: Cowbell is committed to addressing cyber risk challenges on a global scale, and our expansion into the UK is a testament to this. Cowbell Prime One is tailored towards SME and mid-market customers and allows brokers to customize cyber policies for different risk exposures, such as email scams, ransomware, and social engineering., March 2023: Cyber insurance provider Coalition is set to enter the excess cyber insurance market in the United Kingdom to help protect businesses with enhanced coverage. The firm has confirmed that it will extend its reach to provide full-follow form coverage and protection of up to GBP 10 million (USD 12126000) above a primary layer of insurance from another insurer for both cyber and technology professional indemnity (PI) lines.. Key drivers for this market are: Data Privacy Regulations, Business Interruption. Potential restraints include: Data Privacy Regulations, Business Interruption. Notable trends are: Impact of Cyber Insurance Policy Coverage.

In 2020, the cybersecurity market in the United Kingdom grew by five percent, generating a total revenue of over *** billion GBP. The biggest growth rate in this year can be found in the IT services segment of the market at *** percent. Only the hardware security segment had a negative growth rate, at minus *** percent. Although growth rates declined since the high rates between 2017 and 2019, the Statista Technology market estimates that revenue growth rates will only decline slightly until 2026.

IT security consulting firms are enjoying strong demand as increased IT adoption is requiring organisations to seek protection from IT crimes and cyberattacks. This continued technological adoption in society has expanded the potential downstream market for IT security consultants, boosting demand. Revenue volatility has remained low, as consistent demand has been delivered from the public and private sectors. Over the five years through 2024-25, industry revenue is expected to climb at a compound annual rate of 5.2% to reach £12.8 billion, including growth of 5.7% in 2024-25. The COVID-19 pandemic benefitted the industry by boosting the use of technology in society and, therefore, increasing demand for IT security consulting services. However, subdued business confidence due to Brexit and the economic downturn from COVID-19 somewhat constrained spending by some businesses. Adverse economic conditions since 2022-23, with inflation soaring and the Russia-Ukraine conflict, have hindered business confidence and spending, weighing on revenue growth over 2022-23 and 2023-24. In 2024-25, subsiding inflation and recovering business confidence will likely encourage business software investment and spending on cybersecurity. The average industry margin has widened as revenue has grown at a considerable pace. Competition in the industry has intensified, as new firms have been drawn in by growing opportunities and rising profitability. The industry will continue to expand further over the coming years, with demand remaining on an upward trend. Over the five years through 2029-30, industry revenue is forecast to swell at a compound annual rate of 5.5% to reach £16.8 billion. Technological innovation will continue driving industry expansion and structural changes over the coming years as the Internet of Things and big data markets develop. On the other hand, quantum computing developments may begin to threaten standard industry operations. While demand continues to swell, intensifying competition and rising wage costs will likely hinder profit margin growth.

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Europe Cyber Security Market Size 2025-2029

The Europe cyber security market size is forecast to increase by USD 33.89 billion at a CAGR of 10% between 2024 and 2029.

The Cyber Security Market is experiencing significant shifts as the sophistication and volume of cyber threats continue to escalate. Malicious actors employ advanced techniques, such as AI and machine learning, to bypass traditional security measures, posing a constant challenge for organizations. In response, there is a growing trend toward platform consolidation, with Extended Detection and Response (XDR) and Secure Access Service Edge (SASE) architectures gaining traction. These solutions offer integrated threat detection and response capabilities, enhancing security posture and improving incident response times.
This skills gap leaves many vulnerable to attacks and underscores the need for innovative recruitment strategies, training programs, and partnerships to address this issue. Companies seeking to capitalize on market opportunities and navigate challenges effectively must stay informed of emerging threats and invest in advanced technologies and talent development initiatives. However, the market's dynamic landscape also presents challenges. The critical shortage of cyber security skills and talent persists, making it difficult for organizations to effectively defend against cyber threats. One such solution is a cloud workload protection platform, which safeguards cloud-based infrastructure from threats.

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

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The market for cyber security solutions continues to evolve, with new threats and vulnerabilities emerging constantly. Email security gateways and endpoint security solutions are essential for safeguarding against phishing emails and malware attacks. Security architecture design incorporates threat modeling techniques, risk assessment methodologies, and authentication protocols to create robust systems. Log management systems and incident management processes enable businesses to respond effectively to security breaches. A recent study revealed a 300% increase in distributed denial service attacks in the past year, highlighting the importance of network traffic analysis and intrusion prevention systems. Encryption algorithms and security orchestration automation are crucial for maintaining data security and ensuring business continuity planning.
Compliance and regulations, such as GDPR and HIPAA, necessitate the implementation of password management systems, mobile device management, and data governance frameworks. Moreover, the cyber security market is expected to grow by 12% annually, driven by the increasing adoption of security analytics platforms, web application firewalls, and social media security solutions. Vulnerability management programs, authorization policies, and data masking techniques are also gaining popularity as businesses prioritize securing their digital assets.

How is this Europe Cyber Security Market segmented?

The Europe cyber security market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029,for the following segments.

Deployment

  Cloud
  On premises


Component

  Solutions
  Services


Sector

  Large enterprises
  SMEs


Type

  Network
  Cloud
  End-point and IOT
  Application


End-user

  Government
  BFSI
  ICT
  Manufacturing
  Others


Geography

  Europe

    France
    Germany
    Italy
    UK

By Deployment Insights

The Cloud segment is estimated to witness significant growth during the forecast period. The European cyber security market is witnessing significant growth, with cloud-based deployment, or Security as a Service (SaaS,) leading the way. In this model, security solutions are delivered over the internet as a subscription-based service, offering numerous advantages aligned with current business and IT trends. One major advantage is the financial benefit of transitioning from capital expenditure (CapEx) to operational expenditure (OpEx), eliminating large upfront investments and providing scalable, predictable costs. This makes advanced security capabilities more accessible to organizations of all sizes, including small and medium-sized enterprises (SMEs), a significant sector in Europe's economy. Zero trust security, ransomware prevention strategies, and security automation tools are integral components of this evolving market.

Enterprises are also applying a thorough risk assessment methodology and streamlined incident management process to ensure operational resilience. A solid data governance framework supports compliance, while a structured vulnerability management p