Cyber Security Market: By Component (Hardware, Software, Service), By Development model (Cloud, On-Premise), By Type (Endpoint Security, Cloud Security, Network Security, Application Security, Infrastructure Protection, Data Security, Others), By Application (IT & Telecom, Retail, BFSI, Healthcare, Defense/Government, Manufacturing, Energy, Others), and Geography

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Cyber Security Market size was valued at USD 155.83 Billion in 2022, growing at a CAGR of 13.4% from 2023 to 2029. Cyber security is the protection of internet-connected devices or system like hardware, software, data from damage attack or to protect from unauthorized access. The cyber security involves the implementation of processes, technologies and controls tom ensure the security of the system. The threat related to internet sensitive information such as hacking, phishing and malware. Cyber security ensures the security of data or information like confidentiality, availability of information, integrity and detecting of threats and protecting data or information from the threats. The increasing penetration of connected devices or system is an important factor to propel cyber security market. Nowadays many organizations are adopting cloud-based technology solutions that allow their customer tom access the data directly from the cloud which in turn increases the risk of cyber-attacks and crimes, the increasing adoption of the cloud-based system by organizations is expected to increase the market demand and market value of cyber security market in the forecasted years. Also, the rising awareness among the consumers regarding cyber-attacks forces organization to adopt cyber security Also, in addition, the government regulations like General Data Protection Regulation, California Consumer Privacy act makes it mandatory to protect data in an organization which is also expected to increase the demand of cyber security market. Whereas, the shortage of skilled labour in cyber security is expected hinder the market growth in the forecasted years, in addition to that the cost of setting up a cyber security system is way too expensive due to which small and middle-sized organizations cannot afford to have cyber security which again is expected to hinder the market growth.  

Cyber Security Market Key Developments:
  • In February 2022, Tata Consultancy Service launches Cyber defense suit-a comprehensive set of quickly adoptable, modular cyber security service offered on the platform in order to gain leader’s confidence and agility to grow their digital enterprise.
  • In February 2023, Quad Nations launches ‘Quad Cyber Challenge’ a public campaign to increase cyber security.
  • In February 2023, OX Securities launched OSC&R, a framework for comprehending and analyzing vulnerability to entire cyber supply chain security.

Cyber Security Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

13.4%

Largest Market

Asia Pacific

Fastest Growing Market

North America
Cyber Security Market Dynamics

The increasing penetration of connected devices or system is the important factor to propel cyber security market. The increase in adoption of cloud-based technology solutions which allows their customer tom access the data directly from the cloud which in turn increases the risk of cyber-attacks and crimes, and this is expected to increase the market demand and market value of cyber security market in the forecast years. The key driver to the market growth is the government regulations General Data Protection Regulation and California Consumer Privacy act makes the organizations mandatory to adopt the cyber security which fuels the growth of cyber security market. Hence, this will drive the global market growth at a significant rate.

Cyber Security Market Segmentation

By Component
  • Hardware
  • Software
  • Service
By Type
  • End point security
  • Cloud Security
  • Network Security
  • Application Security
  • Infrastructure Protection
  • Data Security
  • Others
By Application
  • IT & Telecom
  • Retail
  • BFSI
  • Healthcare
  • Defense/Government
  • Manufacturing
  • Energy
  • Others
By Development Model
  • Cloud
  • On premise
  • Others

Frequently Asked Questions

The Cyber Security market size was valued at USD 155.83 Billion in 2022.

The Cyber Security market is poised to grow at a significant CAGR of 13.4% from 2023 to 2029.

The leading players in the global Cyber Security market are Accenture, Broadcom Inc., Capgemini, Cognizant, F5 Networks Inc., FireEye Inc., HCL Technologies Limited, IBM Corporation, Infosys Limited, L&T Technology Services Limited, PwC International Limited Broadcom Inc., Tata Consultancy Services, Tech Mahindra Limited, Wipro Limited, OX Securities, Quad Nations

Historic years considered for the market study are 2018 through 2022, 2022 is considered as the base year for market estimation and Seven years forecast is presented from 2023 – 2029.

Key Features of the Reports

  • The cyber security market report provides granular level information about the market size, regional market share, historic market (2018 to 2022) and forecast (2023 to 2029)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
1.Executive Summary
2.Global Cyber Security Market Introduction 
2.1.Global Cyber Security Market  - Taxonomy
2.2.Global Cyber Security Market  - Definitions
2.2.1.Component
2.2.2.Type
2.2.3.Application
2.2.4.Development Model
2.2.5.Region
3.Global Cyber Security Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Cyber Security Market Analysis, 2018-2022 and Forecast 2023-2029
4.1.  Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Cyber Security Market  By Component, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
5.1. Hardware
5.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Software
5.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Service
5.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
6.Global Cyber Security Market  By Type, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
6.1. End point security
6.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Cloud Security
6.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Network Security
6.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
6.4. Application Security
6.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.4.3. Market Opportunity Analysis 
6.5. Infrastructure Protection
6.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.5.3. Market Opportunity Analysis 
6.6. Data Security
6.6.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.6.3. Market Opportunity Analysis 
6.7. Others
6.7.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
6.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.7.3. Market Opportunity Analysis 
7.Global Cyber Security Market  By Application, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
7.1. IT & Telecom
7.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Retail
7.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. BFSI
7.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Healthcare
7.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
7.5. Defense/Government
7.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.5.3. Market Opportunity Analysis 
7.6. Manufacturing
7.6.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
7.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.6.3. Market Opportunity Analysis 
7.7. Energy
7.7.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
7.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.7.3. Market Opportunity Analysis 
7.8. Others
7.8.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
7.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.8.3. Market Opportunity Analysis 
8.Global Cyber Security Market  By Development Model, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
8.1. Cloud
8.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. On premise
8.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
8.3. Others
8.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.3.3. Market Opportunity Analysis 
9.Global Cyber Security Market  By Region, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
9.1. North America
9.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.1.3. Market Opportunity Analysis 
9.2. Europe
9.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.2.3. Market Opportunity Analysis 
9.3. Asia Pacific (APAC)
9.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.3.3. Market Opportunity Analysis 
9.4. Middle East and Africa (MEA)
9.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.4.3. Market Opportunity Analysis 
9.5. Latin America
9.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.5.3. Market Opportunity Analysis 
10.North America Cyber Security Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
10.1. Component Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Hardware
10.1.2.Software
10.1.3.Service
10.2.  Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.End point security
10.2.2.Cloud Security
10.2.3.Network Security
10.2.4.Application Security
10.2.5.Infrastructure Protection
10.2.6.Data Security
10.2.7.Others
10.3.  Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.IT & Telecom
10.3.2.Retail
10.3.3.BFSI
10.3.4.Healthcare
10.3.5.Defense/Government
10.3.6.Manufacturing
10.3.7.Energy
10.3.8.Others
10.4.  Development Model Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.Cloud
10.4.2.On premise
10.4.3.Others
10.5.  Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.5.1.United States of America (USA)
10.5.2.Canada
11.Europe Cyber Security Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
11.1. Component Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Hardware
11.1.2.Software
11.1.3.Service
11.2.  Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.End point security
11.2.2.Cloud Security
11.2.3.Network Security
11.2.4.Application Security
11.2.5.Infrastructure Protection
11.2.6.Data Security
11.2.7.Others
11.3.  Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.IT & Telecom
11.3.2.Retail
11.3.3.BFSI
11.3.4.Healthcare
11.3.5.Defense/Government
11.3.6.Manufacturing
11.3.7.Energy
11.3.8.Others
11.4.  Development Model Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.Cloud
11.4.2.On premise
11.4.3.Others
11.5.  Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.5.1.Germany
11.5.2.France
11.5.3.Italy
11.5.4.United Kingdom (UK)
11.5.5.Spain
11.5.6.Rest of EU
12.Asia Pacific (APAC) Cyber Security Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
12.1. Component Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Hardware
12.1.2.Software
12.1.3.Service
12.2.  Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.End point security
12.2.2.Cloud Security
12.2.3.Network Security
12.2.4.Application Security
12.2.5.Infrastructure Protection
12.2.6.Data Security
12.2.7.Others
12.3.  Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.IT & Telecom
12.3.2.Retail
12.3.3.BFSI
12.3.4.Healthcare
12.3.5.Defense/Government
12.3.6.Manufacturing
12.3.7.Energy
12.3.8.Others
12.4.  Development Model Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.Cloud
12.4.2.On premise
12.4.3.Others
12.5.  Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.5.1.China
12.5.2.India
12.5.3.Australia and New Zealand (ANZ)
12.5.4.Japan
12.5.5.Rest of APAC
13.Middle East and Africa (MEA) Cyber Security Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
13.1. Component Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Hardware
13.1.2.Software
13.1.3.Service
13.2.  Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.End point security
13.2.2.Cloud Security
13.2.3.Network Security
13.2.4.Application Security
13.2.5.Infrastructure Protection
13.2.6.Data Security
13.2.7.Others
13.3.  Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.IT & Telecom
13.3.2.Retail
13.3.3.BFSI
13.3.4.Healthcare
13.3.5.Defense/Government
13.3.6.Manufacturing
13.3.7.Energy
13.3.8.Others
13.4.  Development Model Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Cloud
13.4.2.On premise
13.4.3.Others
13.5.  Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.5.1.GCC Countries
13.5.2.South Africa
13.5.3.Rest of MEA
14.Latin America Cyber Security Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
14.1. Component Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.1.1.Hardware
14.1.2.Software
14.1.3.Service
14.2.  Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.2.1.End point security
14.2.2.Cloud Security
14.2.3.Network Security
14.2.4.Application Security
14.2.5.Infrastructure Protection
14.2.6.Data Security
14.2.7.Others
14.3.  Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.3.1.IT & Telecom
14.3.2.Retail
14.3.3.BFSI
14.3.4.Healthcare
14.3.5.Defense/Government
14.3.6.Manufacturing
14.3.7.Energy
14.3.8.Others
14.4.  Development Model Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.4.1.Cloud
14.4.2.On premise
14.4.3.Others
14.5.  Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.5.1.Brazil
14.5.2.Mexico
14.5.3.Rest of LA
15. Competition Landscape
15.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
15.2.1.Accenture
15.2.2.Broadcom Inc.
15.2.3.Capgemini
15.2.4.Cognizant
15.2.5.F5 Networks Inc.
15.2.6.FireEye Inc.
15.2.7.HCL Technologies Limited
15.2.8.IBM Corporation
15.2.9.Infosys Limited
15.2.10.L&T Technology Services Limited
15.2.11.PwC International Limited Broadcom Inc.
15.2.12.Tata Consultancy Services
15.2.13.Tech Mahindra Limited
15.2.14.Wipro Limited
15.2.15.OX Securities
15.2.16.Quad Nations
16. Research Methodology 
17. Appendix and Abbreviations 
  • Accenture
  • Broadcom Inc.
  • Capgemini
  • Cognizant
  • F5 Networks Inc.
  • FireEye Inc.
  • HCL Technologies Limited
  • IBM Corporation
  • Infosys Limited
  • L&T Technology Services Limited
  • PwC International Limited Broadcom Inc.
  • Tata Consultancy Services
  • Tech Mahindra Limited
  • Wipro Limited
  • OX Securities
  • Quad Nations

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