Cyber Security Market Size
The global cyber security market size was valued at $210.01 billion in 2024 and is projected to reach $378.18 billion by 2030, growing at a CAGR of 10.3% during the forecast period.

Cyber Security Market Overview
Cyber security constitutes a holistic strategy directed towards shielding digital systems, networks, gadgets, and data from unauthorized entry, cyber assaults, and malicious behaviours. It encompasses an extensive array of methodologies, technologies, procedures, and regulations devised to safeguard sensitive information, uphold the confidentiality, integrity, and accessibility of data, and diminish risks linked with cyber hazards. These encompass tactics like encryption, firewalls, antivirus programs, intrusion detection systems, and education on security to preclude, identify, and manage cyber incidents proficiently. In an era of increasing interconnectivity where digital data is pervasive, cyber security assumes a pivotal role in guaranteeing the reliability and robustness of essential infrastructure, enterprises, governmental bodies, and individuals against ever-evolving cyber threats and susceptibilities.

Cyber Security Market Dynamics

  • The cyber security market is expected to witness significant growth in the future due to the increasing cyber threats, adoption of cloud computing and IoT technologies, and stringent data privacy regulations.
  • Additionally, the expansion of digital transformation, growing awareness and investment in cybersecurity measures, and technological advancements are the prominent factors driving the growth of the cyber security market.
  • However, the shortage of skilled cybersecurity professionals and high cost of cybersecurity solutions and services are restraining the market growth.
  • On the contrary, the increasing demand for managed security services, integration of AI and machine learning in cybersecurity solutions, and emerging markets with increasing digitalization are creating opportunities for market growth.



By Deployment Mode, the Cloud-Based Segment is projected to Grow at the Highest CAGR during the Forecast Period
The cloud-based segment is anticipated to experience the most significant growth rate in the cyber security market during the forecast period due to increasing migration towards cloud services to avoid potential risks. These risks include data breaches, unauthorized access, and vulnerabilities in cloud infrastructure. Consequently, organizations are compelled to invest in robust cybersecurity measures to safeguard their sensitive data, intellectual property, and critical systems hosted in the cloud. Moreover, the scale and complexity of cloud ecosystems amplify the challenge of maintaining effective security postures, necessitating advanced technologies and expertise to detect and mitigate threats promptly. Additionally, regulatory compliance requirements impose stringent standards for data protection and privacy, driving the adoption of specialized cybersecurity solutions tailored for cloud environments.
Furthermore, the rapid pace of digital transformation and the proliferation of remote work arrangements further exacerbate cybersecurity challenges, intensifying the demand for innovative cloud security solutions capable of adapting to evolving threats and operational dynamics. In essence, the exponential growth of the cloud-based segment underscores the imperative for robust cybersecurity measures to ensure the integrity, confidentiality, and availability of data and services in the cloud.

  • According to the CloudZero in 2023, Cisco Systems reported that 91% of participants involved in CloudOps and DevOps indicated that their organizations either had already implemented or were intending to refactor their applications to leverage cloud-native technologies. Additionally, 47% of respondents identified a "cloud-first" mandate as the decisive factor prompting the transformation of their development procedures and tools.



By Geography, North America Region Holds the Dominant Position in the Market Revenue
North America region predominantly held position in the market revenue due to presence of numerous top-tier cybersecurity firms and technology giants. This concentration of industry players fosters a culture of embracing cybersecurity solutions at a higher rate. And the region contends with a substantial volume of cyber threats and attacks, necessitating robust security measures. Consequently, both public and private sectors in North America allocate substantial investments toward cybersecurity initiatives. Moreover, the region adheres to stringent regulatory frameworks concerning data protection and privacy, such as the GDPR and the CCPA. Compliance with these regulations spurs the demand for cybersecurity solutions.
Additionally, North America has advanced technological infrastructure and displays rapid adoption rates for emerging technologies like cloud computing, IoT, and AI. These advancements contribute to the complexity of cybersecurity challenges, further propelling market growth. The convergence of a sophisticated technological landscape, regulatory mandates, heightened cyber threats, and significant investments positions North America as a frontrunner in the global cybersecurity market.

Key Target Audience:

  • Enterprises and Businesses
  • Government Agencies and Regulatory Bodies
  • Cybersecurity Solution Providers
  • IT Security Professionals
  • Cloud Service Providers



List of the Key Players Profiled in the Report Includes:

  • IBM
  • Cisco
  • Microsoft
  • Palo Alto Networks
  • Fortinet
  • Check Point
  • Trend Micro
  • Rapid7
  • Micro Focus (Open text)
  • AWS
  • Oracle
  • Accenture
  • CyberArk
  • SentinelOne



Recent Developments:

  • In December 2023, IBM Consulting and Palo Alto Networks announced an extension of their strategic collaboration, aiming to bolster enterprise security measures. Their joint efforts concentrate on leveraging AI-powered security operations and facilitating cloud transformation initiatives. The objective is to strengthen clients’ overall security frameworks, effectively tackling the escalating challenges posed by cybersecurity threats.



Market Segmentation:
The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:

Market by, Type:

  • Application
  • Endpoint
  • Enterprise
  • Network
  • Other Types



Market by, Deployment Mode:

  • On-Premise
  • Cloud-Based



Market by, Organisation size:

  • Large Enterprises
  • Small and Medium Businesses



Market by, Solution:

  • Antivirus/Anti-Malware
  • Data Loss Prevention
  • Disaster Recovery
  • Encryption
  • Identity and Access Management
  • Risk and Compliance Management
  • Unified Threat Management
  • Other Solutions



Market by, Component:

  • Solutions
  • Service



Market by, End User:

  • Banking, Financial Services, and Insurance (BFSI)
  • IT & Telecom
  • Healthcare
  • Retail
  • Defense and Government
  • Travel and Hospitality
  • Other End Users



Market by, Geography:
The cyber security market report also analyzes the major geographic regions and countries of the market. The regions and countries covered in the study include:

  • North America (The United States, Canada, Mexico), Market Estimates, Forecast & Opportunity Analysis
  • Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Market Estimates, Forecast & Opportunity Analysis
  • Asia Pacific (China, Japan, India, South Korea, Australia, New Zealand, Rest of Asia Pacific), Market Estimates, Forecast & Opportunity Analysis
  • South America (Brazil, Argentina, Chile, Rest of South America), Market Estimates, Forecast & Opportunity Analysis
  • Middle East & Africa (UAE, Saudi Arabia, Qatar, Iran, South Africa, Rest of Middle East & Africa), Market Estimates, Forecast & Opportunity Analysis



Scope of the Report:
The report “Global Cyber Security Market: Industry Analysis, Opportunities and Forecast up to 2030? by Diligence Insights provides a detailed analysis of the present market and future outlook with market estimates and forecasts for all specified segments, encompassing both global and regional perspectives as outlined within the research framework. The study includes historical market data for the years 2022, 2023 and offers revenue estimations for 2024, and project forecasts spanning from 2025 to 2030. It places significant emphasis on the examination of market trends, key industry participants, supply chain developments, technological advancements, pivotal milestones, and prospective strategies. Comprehensive market assessments are carried out across major geographic regions, including North America, Europe, Asia Pacific, South America, and Middle East & Africa. As such, this report constitutes a valuable resource for current industry stakeholders, newcomers to the field, and potential investors.

The study offers an in-depth market analysis, drawing insights from industry experts across the value chain. A special focus has been made on 25 countries, including the United States, Canada, Mexico, the United Kingdom, Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, and South Africa, among others. The market data has been meticulously collected through extensive primary interviews and comprehensive secondary research. Market size determination is rooted in the revenue generated from sales across all the specified segments and sub-segments as defined within the research scope. The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures.

The report offers insights into the following aspects:

  • Analysis of major market trends, factors driving, restraining, threatening, and providing opportunities for the cyber security market.
  • Analysis of the cyber security market structure by identifying various segments and sub-segments of the market.
  • Understand the revenue forecast of the cyber security market for North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
  • Analysis of opportunities by identification of high-growth segments/revenue pockets in the market.
  • Understand major player profiles in the cyber security market and analyze their business strategies.
  • Understand competitive developments such as joint ventures, alliances, mergers and acquisitions, and new product launches in the cyber security market.