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, i.e., 2024-30.                     

Global Cybersecurity Market Driver:

Increasing Number of Target-Based Cyber-Attacks Augmenting Market Demand – Over the past few years, increasing cybercrime and target-based attacks have vigorously driven the growth of the Cybersecurity Industry. Cyber attackers target network infrastructure, endpoints, and cloud-based applications to cause significant financial losses and disrupt business operations. Rising cybercrimes like the theft of sensitive & critical data or information result in huge financial losses; thus, advanced information security technologies have been adopted by businesses across the globe to safeguard their security infrastructure. For instance,

·        In 2022, according to the FBI's Internet Crime Report, 8,00,944 complaints of cybercrime were reported to the FBI by the public on a global level.

·        Among the complaints received in 2022, phishing and personal data breaches were the top incidents reported. While phishing ranked number one, the associated dollar loss of USD 52 million is small in comparison to investment fraud, which resulted in a USD 3.3 billion loss, an increase of 127% from the previous year.

Target-based cyber-attacks lead to operational disruptions in various sectors such as aviation, defense, telecom, IT, ITeS, and so on; thus, adopting comprehensive cybersecurity solutions to defend against sophisticated attacks has become a crucial factor that is anticipated to augment the size & volume of the Global Cybersecurity Market during the forecast period.

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Key Market Reports Highlights

·        Market Dimensions & Projections

·        Pricing Evaluation

·        Recent Strategic Moves by Companies

·        Primary Stakeholders

·        Import/Export Trend Analysis

·        Competitive Landscape Assessment

·        Emerging Opportunities

·        Market Trends and Indicators

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Global Cybersecurity Market Segmentation:

The market report categorizes the market based on different segments and geographical analysis.

Study Timeline:

-Base Year: 2023

-Historical Period: 2019 to 2022

-Forecast Period: 2024 to 2030

• By Offering
• Solution- Market Size & Forecast 2019-2030, (USD Million)
•  Standalone Hardware- Market Size & Forecast 2019-2030, (USD Million)
•  Software Solution- Market Size & Forecast 2019-2030, (USD Million)
• Services- Market Size & Forecast 2019-2030, (USD Million)
• Professional Services- Market Size & Forecast 2019-2030, (USD Million)
• Design, Consulting & implementation- Market Size & Forecast 2019-2030, (USD Million)
• Risk & Threat Management- Market Size & Forecast 2019-2030, (USD Million)
• Training & Education- Market Size & Forecast 2019-2030, (USD Million)
• Support & Maintenance- Market Size & Forecast 2019-2030, (USD Million)
• Managed Services- Market Size & Forecast 2019-2030, (USD Million)
•  By Solution Type
• Identity & Access Management (IAM)- Market Size & Forecast 2019-2030, (USD Million)
• Antivirus/Antimalware- Market Size & Forecast 2019-2030, (USD Million)
• Log Management & SIEM- Market Size & Forecast 2019-2030, (USD Million)
• Firewall- Market Size & Forecast 2019-2030, (USD Million)
• Encryption & Tokenization- Market Size & Forecast 2019-2030, (USD Million)
• Compliance & Policy Management- Market Size & Forecast 2019-2030, (USD Million)
• Patch Management- Market Size & Forecast 2019-2030, (USD Million)
• Others- Market Size & Forecast 2019-2030, (USD Million)
•  By Deployment mode
• On-premises- Market Size & Forecast 2019-2030, (USD Million)
• Cloud- Market Size & Forecast 2019-2030, (USD Million)
• Hybrid Cloud- Market Size & Forecast 2019-2030, (USD Million)
• By Organization size
• Large Enterprises- Market Size & Forecast 2019-2030, (USD Million)
• SMEs (Small & Medium Enterprises)- Market Size & Forecast 2019-2030, (USD Million)
• By Security Type
• Network Security- Market Size & Forecast 2019-2030, (USD Million)
• Cloud Security- Market Size & Forecast 2019-2030, (USD Million)
• Endpoint & IoT Security- Market Size & Forecast 2019-2030, (USD Million)
• Application Security- Market Size & Forecast 2019-2030, (USD Million)
• Others- Market Size & Forecast 2019-2030, (USD Million)
• By Vertical
• Banking, Financial Services and Insurance (BFSI)- Market Size & Forecast 2019-2030, (USD Million)
• Government- Market Size & Forecast 2019-2030, (USD Million)
• Healthcare & Life Sciences- Market Size & Forecast 2019-2030, (USD Million)
• Aerospace & Defense- Market Size & Forecast 2019-2030, (USD Million)
• Manufacturing- Market Size & Forecast 2019-2030, (USD Million)
• IT & ITeS- Market Size & Forecast 2019-2030, (USD Million)
• Education- Market Size & Forecast 2019-2030, (USD Million)
• Retail & Ecommerce- Market Size & Forecast 2019-2030, (USD Million)
• Energy & Utilities- Market Size & Forecast 2019-2030, (USD Million)
• Telecommunications- Market Size & Forecast 2019-2030, (USD Million)
• Transportation & Logistics- Market Size & Forecast 2019-2030, (USD Million)
• Media & Entertainment- Market Size & Forecast 2019-2030, (USD Million)
• Others (Education, Construction, Travel & Hospitality)- Market Size & Forecast 2019-2030, (USD Million)
• By Region
• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including -   IBM, Cisco, Microsoft, Palo Alto Networks, Fortinet, Check Point, Trellix, Trend Micro, Rapid7, Open Text, AWS, Oracle, Accenture, Cyberack, ZScaler, and others

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