Global Cybersecurity Market is valued at approximately USD 172.24 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 14.3% over the forecast period 2024-2032. Cybersecurity involves safeguarding systems, networks, and programs from digital attacks, which typically aim to alter, access, or sabotage sensitive information, extort money, or disrupt normal business operations. The increasing adoption of enterprise security solutions in manufacturing, Banking, Financial Services, and Insurance (BFSI), and healthcare is expected to drive market growth during the forecast period.
The rising number of e-commerce platforms and technological advancements, such as artificial intelligence, cloud, and blockchain, have augmented internet security solutions in a connected network infrastructure. E-commerce companies are increasingly adopting network security solutions to protect their assets from cyber threats. Governments worldwide are investing in internet security solutions to secure their confidential data and information, which further propels market growth. For instance, the U.K. government financed around USD 2.30 billion in 2020 for various network and internet security projects in defense and research. Furthermore, there is a growing emphasis on data privacy, as well as the integration of AI and ML in security, business strategy, and security integration, which offer numerous profitable opportunities in the coming years. The cybersecurity market is expanding rapidly but encounters challenges such as a shortage of professionals and experts in developing security solutions, as well as high implementation and updating costs, particularly for SMEs.
The key regions considered for the Global Cybersecurity Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is a dominating region in the Global Cybersecurity Market in terms of revenue. The market growth in the region is being attributed to factors including the increasing number of high-section security breaches and the rising adoption of cloud application security solutions. Whereas, the market in Europe is anticipated to grow at the fastest rate over the forecast period fueled by the increasing number of internet security projects and related investments by major companies in the region.
Major market players included in this report are:
- Cisco Systems, Inc. (U.S.)
- IBM Corporation (U.S.)
- Fortinet, Inc. (U.S.)
- Proofpoint, Inc. (U.S.)
- Microsoft Corporation (U.S.)
- Palo Alto Networks, Inc. (U.S.)
- Zscaler, Inc. (U.S.)
- Broadcom, Inc. (U.S.)
- F5 Networks, Inc. (U.S.)
- Check Point Software Technologies (Israel)
- Sophos Ltd. (U.K.)
- Symantec Corporation
- McAfee LLC
- FireEye, Inc
- Trend Micro Incorporated
The detailed segments and sub-segment of the market are explained below:
By Component:
By Deployment:
By Security Type:
- Network Security
- Cloud Application Security
- End-point Security
- Secure Web Gateway
- Application Security
- Others
By Enterprise Size:
- Small & Medium Enterprises (SMEs)
- Large Enterprises
By Industry:
- BFSI
- IT and Telecommunications
- Retail
- Healthcare
- Government
- Manufacturing
- Travel and Transportation
- Energy and Utilities
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- RoMEA
Years considered for the study are as follows:
- Historical year - 2022
- Base year - 2023
- Forecast period - 2024 to 2032
Key Takeaways:
- Market Estimates & Forecast for 10 years from 2022 to 2032.
- Annualized revenues and regional level analysis for each market segment.
- Detailed analysis of geographical landscape with Country level analysis of major regions.
- Competitive landscape with information on major players in the market.
- Analysis of key business strategies and recommendations on future market approach.
- Analysis of competitive structure of the market.
- Demand side and supply side analysis of the market.
Table of Contents
Chapter 1. Global Cybersecurity Market Executive Summary
- 1.1. Global Cybersecurity Market Size & Forecast (2022-2032)
- 1.2. Regional Summary
- 1.3. Segmental Summary
- 1.3.1. By Component
- 1.3.2. By Deployment
- 1.3.3. By Security Type
- 1.3.4. By Enterprise Size
- 1.3.5. By Industry
- 1.4. Key Trends
- 1.5. Recession Impact
- 1.6. Analyst Recommendation & Conclusion
Chapter 2. Global Cybersecurity Market Definition and Research Assumptions
- 2.1. Research Objective
- 2.2. Market Definition
- 2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
- 2.3.3.1. Availability
- 2.3.3.2. Infrastructure
- 2.3.3.3. Regulatory Environment
- 2.3.3.4. Market Competition
- 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
- 2.3.4.1. Regulatory frameworks
- 2.3.4.2. Technological Advancements
- 2.3.4.3. Environmental Considerations
- 2.3.4.4. Consumer Awareness & Acceptance
- 2.4. Estimation Methodology
- 2.5. Years Considered for the Study
- 2.6. Currency Conversion Rates
Chapter 3. Global Cybersecurity Market Dynamics
- 3.1. Market Drivers
- 3.1.1. Rising Number of E-commerce Platforms
- 3.1.2. Integration of Advanced Technologies
- 3.1.3. Government Investments in Security Solutions
- 3.2. Market Challenges
- 3.2.1. Lack of Experts
- 3.2.2. Budget Constraints for SMEs
- 3.3. Market Opportunities
- 3.3.1. Increased Focus on Data Privacy
- 3.3.2. Adoption of AI and ML in Security
- 3.3.3. Business Strategy and Security Integration
Chapter 4. Global Cybersecurity Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
- 4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
- 4.3. Top investment opportunity
- 4.4. Top winning strategies
- 4.5. Disruptive Trends
- 4.6. Industry Expert Perspective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Global Cybersecurity Market Size & Forecasts by Component 2022-2032
- 5.1. Segment Dashboard
- 5.2. Global Cybersecurity Market: Component Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Solutions
- 5.2.2. Services
Chapter 6. Global Cybersecurity Market Size & Forecasts by Deployment 2022-2032
- 6.1. Segment Dashboard
- 6.2. Global Cybersecurity Market: Deployment Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. On-premises
- 6.2.2. Cloud
Chapter 7. Global Cybersecurity Market Size & Forecasts by Security Type 2022-2032
- 7.1. Segment Dashboard
- 7.2. Global Cybersecurity Market: Security Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. Network Security
- 7.2.2. Cloud Application Security
- 7.2.3. End-point Security
- 7.2.4. Secure Web Gateway
- 7.2.5. Application Security
- 7.2.6. Others
Chapter 8. Global Cybersecurity Market Size & Forecasts by Enterprise Size 2022-2032
- 8.1. Segment Dashboard
- 8.2. Global Cybersecurity Market: Enterprise Size Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 8.2.1. Small & Medium Enterprises (SMEs)
- 8.2.2. Large Enterprises
Chapter 9. Global Cybersecurity Market Size & Forecasts by Industry 2022-2032
- 9.1. Segment Dashboard
- 9.2. Global Cybersecurity Market: Industry Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 9.2.1. BFSI
- 9.2.2. IT and Telecommunications
- 9.2.3. Retail
- 9.2.4. Healthcare
- 9.2.5. Government
- 9.2.6. Manufacturing
- 9.2.7. Travel and Transportation
- 9.2.8. Energy and Utilities
- 9.2.9. Others
Chapter 10. Global Cybersecurity Market Size & Forecasts by Region 2022-2032
- 10.1. North America Cybersecurity Market
- 10.1.1. U.S. Cybersecurity Market
- 10.1.1.1. Component breakdown size & forecasts, 2022-2032
- 10.1.1.2. Deployment breakdown size & forecasts, 2022-2032
- 10.1.1.3. Security Type breakdown size & forecasts, 2022-2032
- 10.1.1.4. Enterprise Size breakdown size & forecasts, 2022-2032
- 10.1.1.5. Industry breakdown size & forecasts, 2022-2032
- 10.1.2. Canada Cybersecurity Market
- 10.2. Europe Cybersecurity Market
- 10.2.1. U.K. Cybersecurity Market
- 10.2.2. Germany Cybersecurity Market
- 10.2.3. France Cybersecurity Market
- 10.2.4. Spain Cybersecurity Market
- 10.2.5. Italy Cybersecurity Market
- 10.2.6. Rest of Europe Cybersecurity Market
- 10.3. Asia-Pacific Cybersecurity Market
- 10.3.1. China Cybersecurity Market
- 10.3.2. India Cybersecurity Market
- 10.3.3. Japan Cybersecurity Market
- 10.3.4. Australia Cybersecurity Market
- 10.3.5. South Korea Cybersecurity Market
- 10.3.6. Rest of Asia Pacific Cybersecurity Market
- 10.4. Latin America Cybersecurity Market
- 10.4.1. Brazil Cybersecurity Market
- 10.4.2. Mexico Cybersecurity Market
- 10.4.3. Rest of Latin America Cybersecurity Market
- 10.5. Middle East & Africa Cybersecurity Market
- 10.5.1. Saudi Arabia Cybersecurity Market
- 10.5.2. South Africa Cybersecurity Market
- 10.5.3. Rest of Middle East & Africa Cybersecurity Market
Chapter 11. Competitive Intelligence
- 11.1. Key Company SWOT Analysis
- 11.2. Top Market Strategies
- 11.3. Company Profiles
- 11.3.1. Cisco Systems, Inc.
- 11.3.1.1. Key Information
- 11.3.1.2. Overview
- 11.3.1.3. Financial (Subject to Data Availability)
- 11.3.1.4. Product Summary
- 11.3.1.5. Market Strategies
- 11.3.2. IBM Corporation
- 11.3.3. Fortinet, Inc.
- 11.3.4. Proofpoint, Inc.
- 11.3.5. Microsoft Corporation
- 11.3.6. Palo Alto Networks, Inc.
- 11.3.7. Zscaler, Inc.
- 11.3.8. Broadcom, Inc.
- 11.3.9. F5 Networks, Inc.
- 11.3.10. Check Point Software Technologies
- 11.3.11. Sophos Ltd.
- 11.3.12. Symantec Corporation
- 11.3.13. McAfee LLC
- 11.3.14. FireEye, Inc
- 11.3.15. Trend Micro Incorporated
Chapter 12. Research Process
- 12.1. Research Process
- 12.1.1. Data Mining
- 12.1.2. Analysis
- 12.1.3. Market Estimation
- 12.1.4. Validation
- 12.1.5. Publishing
- 12.2. Research Attributes