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 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 revenue in the cybersecurity market in the United Kingdom was forecast to continuously increase between 2024 and 2029 by in total *** billion U.S. dollars (+***** percent). After the twelfth consecutive increasing year, the indicator is estimated to reach **** billion U.S. dollars and therefore a new peak in 2029. Notably, the revenue of the cybersecurity market was continuously increasing over the past years.Find more key insights for the revenue in countries and regions like the revenue in the 'Cloud Security' segment of the cybersecurity market in North America and the revenue in the cybersecurity market in Germany. The Statista Market Insights cover a broad range of additional markets.

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.

The United Kingdom cyber security market reached around USD 10.76 Billion in 2024. The market is projected to grow at a CAGR of 10.90% between 2025 and 2034 to reach nearly USD 30.28 Billion by 2034.

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.

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

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 UK Data Center Physical Security Market report segments the industry into By Solution Type (Video Surveillance, Access Control Solutions, Others (Mantraps, Fences, and Monitoring Solutions)), By Service Type (Consulting Services, Professional Services, Other Service Types (System Integration Services)), and End User (IT & Telecommunication, BFSI, Government, Healthcare, Other End Users).

The estimated total revenue of the cyber security sector in the United Kingdom in 2023 was ***** 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 ** 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 ** 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.

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.

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.

The revenue is forecast to experience significant growth in all segments in 2029. The trend observed from 2017 to 2029 remains consistent throughout the entire forecast period. There is a continuous increase in the indicator across all segments. Notably, the Security Services segment achieves the highest value of **** billion U.S. dollars at 2029. Find further statistics on other topics such as a comparison of the revenue in Canada and a comparison of the revenue in the world. The Statista Market Insights cover a broad range of additional markets.

This statistic shows the market forecast of the total public cyber security sector in the United Kingdom (UK) from 2010 to 2017. The estimated cyber security market size of the total public sector in 2017 is 1,137 million British pounds (GBP).

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.

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.

The United Kingdom data center physical security market is experiencing robust growth, projected to reach £89.48 million in 2025 and maintain a Compound Annual Growth Rate (CAGR) of 15.10% from 2025 to 2033. This expansion is driven by several key factors. The increasing adoption of cloud computing and the subsequent rise in data center infrastructure necessitates heightened security measures. Furthermore, growing concerns surrounding data breaches and cyber threats are prompting organizations across various sectors – including IT & Telecommunications, BFSI (Banking, Financial Services, and Insurance), Government, and Healthcare – to invest heavily in advanced physical security solutions. The market is segmented by solution type (video surveillance, access control, and others), service type (consulting, professional services, and system integration), and end-user industry. The demand for sophisticated integrated security systems, combining video analytics, biometric access control, and perimeter security, is a significant trend shaping the market. Competitive pressures among established players like Axis Communications, Bosch, and Honeywell, along with emerging technology providers, are fostering innovation and driving down costs, making these solutions more accessible to a wider range of organizations. The market's sustained growth is also fueled by government regulations promoting cybersecurity and data protection. However, challenges remain. The high initial investment costs associated with implementing comprehensive security systems can be a restraint for smaller organizations. Furthermore, the complexity of integrating various security systems and managing their upkeep might pose operational hurdles. Despite these challenges, the overall outlook for the UK data center physical security market remains positive, with strong growth expected throughout the forecast period (2025-2033). The market's trajectory suggests a significant opportunity for vendors offering innovative, scalable, and cost-effective solutions tailored to the specific needs of data center operators. Recent developments include: February 2024: In the latest release of the Axis operating system, AXIS OS and Axis Communications AB, it was announced that more than 200 network devices, including cameras, intercoms, and 11.8 audio speakers, are supported by the IEEE MAC 802.1sec security standard. Demonstrating the company's continued commitment to device and data security, Axis has become the first manufacturer of physical safety products supporting MACsec Media Access Control Security., October 2023: Zwipe partnered with Schneider Electric’s Security Solutions Group. The French-based multinational Schneider Electric plans to introduce the Zwipe Access fingerprint-scanning smart card to its clientele. This card will be integrated with Schneider Electric’s Continuum and Security Expert platforms, serving a client base from sectors, including airports, transportation, healthcare, and data centers.. Key drivers for this market are: Increasing Demand of Clolud Computing Capabilities Drives the Market Growth, Increase Security Concerns in the Market Drives the Market Growth. Potential restraints include: Increasing Demand of Clolud Computing Capabilities Drives the Market Growth, Increase Security Concerns in the Market Drives the Market Growth. Notable trends are: Video Surveillance is Anticipated to be the Largest Segment.