Cyber Security Market Size, Trends, Industry Analysis Report
By Type (Enterprise, Network, Application, Endpoint, Others); By Deployment Model; By End User; By Organization Size; By Solution; By Component; By Region; Segment Forecast, 2025 - 2034
- Published Date:Sep-2025
- Pages: 148
- Format: PDF
- Report ID: PM1075
- Base Year: 2024
- Historical Data: 2020 - 2023
The global cyber security market was valued at USD 284.56 billion in 2024 and is expected to grow at a CAGR of 9.7% during the forecast period. Key factors driving demand include increasing adoption of modern technologies such as the Internet of Things and artificial intelligence across numerous domains which is anticipated to boost the cyber security market.
Key Insights
- The cloud-based segment dominated the cyber security market in 2024. This is due to the market demand for storage applications that safeguard data using advanced safety approaches.
- The defense and government end user segment is expected to witness rapid growth during the forecast period. This is due to the nature of the sensitive data and information they hold.
- North America accounted for the largest share in 2024. This is due to the growing use of the web in countries such as the U.S. and Canada.
- The Asia Pacific is anticipated to witness the fastest growth during the forecast period due to rapid industrialization with the rise in adoption of digital transactions.
Industry Dynamics
- The rise in adoption of cloud solutions has boosted the attacks, which increase exposure to cyber threats and driving the demand for security solutions.
- Dependence on the IoT devices, interconnected systems, and policies which has boosted exposure to data breaches have boosted the need for robust solutions.
- Securing interconnected and cloud-dependent digital systems has become a challenge against increasingly sophisticated cyber threats dominates organizational resources and expertise.
- Rise in cyber threats have created demand for advances in security solutions especially in cloud security and managed services.
Market Statistics
- 2024 Market Size: USD 284.56 billion
- 2034 Projected Market Size: USD 715.99 billion
- CAGR (2025-2034): 9.7%
- North America: Largest market in 2024
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AI Impact on Cyber Security Market
- AI improves threat detection to identify inconsistency and attacks in real time by analyzing big data sets to improve speed and accuracy of response.
- AI automates daily task for security such as threat response and monitoring to reduce burden on analysts and minimize cost.
- It predicts analytics forecast for upcoming threats and exposure which allows companies to defend attacks before attacks.
- Adversarial AI creates new challenges. This is due to the rise in use of AI by cybercriminals to develop refined techniques and automate attacks.
Cyber security protects the networks, digital systems, and sensitive information from disruption, unauthorised access, or attacks. A rise in sophisticated cyber threats across industries has boosted the demand for robust cyber security. Cyber attackers use advanced techniques such as AI-driven attacks, ransomware, and phishing, as individuals reliance on digital platforms increases. This highlights the rising demand for security frameworks that can easily adapt to this environment. Another important concern for the business is the increasing use of cloud technology and the scarcity of professional safety personnel. The outbreak has led to an increase in cyber crimes, which has led to the rise in the market demand for security solutions.
Industry Dynamics
Growth Drivers
Many organizations have implemented cloud-based technology solutions in recent years, allowing customers to obtain software programs, storage systems, as well as other resources through an internet network instead of traditional facilities. This, in turn, has increased the chances of cyber attacks and crimes. Increasing adoption of cloud storage services among small and large enterprises is expected to increase the market demand for cyber safety solutions throughout the projected period.
Wireless technologies, flexible scheduling, and other changes rely on high connectivity to widespread and massive data sets, heightening the risk of data theft. The surge in ransomware and hacking attacks amongst companies, as well as the increased usage of IoT technology and the BYOD trend, are propelling the cyber safety market forward.
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Report Segmentation
The market is primarily segmented based on type, deployment model, end-user, organization size, solution, component, and region.
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By Type |
By Deployment Mode |
By End-User |
By Organisation size |
By Solution |
By Component |
By Region |
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Deployment Mode Analysis
In terms of deployment mode, the segmentation includes, on-premise and cloud-based. The cloud-based segment dominated the cyber security market in 2024 due to increasing market demand for storage applications that need to keep and safeguard data using advanced safety approaches. Furthermore, cloud-based safety technologies are simple and inexpensive to adopt, maintain, and update, which in turn will attract new businesses, propelling segment market growth.
Moreover, cloud-based privacy systems provide online storage solutions, social connection safety, network performance, along with other related benefits. Increasing awareness regarding these advantages of adopting cloud-based deployment is expected to contribute to the segment market growth.
End Use Analysis
Based on end use, the segmentation includes, BFSI, IT & telecom, healthcare, retail, defense and government, travel and hospitality, and others. The defense and government end-user segment is expected to witness fastest growth during the forecast period due to the sensitive nature of data and information they hold. Furthermore, the usage of trustworthy and advanced cybersecurity technologies for the military sector has become necessary as digital technology advances, upgraded weapons analytics, monitoring, and the amount of sensitive data acquired from multiple systems grows.
The healthcare segment is expected to grow at a considerable pace throughout the forecast period. Cyberattacks are especially concerning in the healthcare market because they can directly jeopardize the safety of networks and data, as well as the wellness & security of individuals. Increasing awareness regarding cyber safety along with rising cyberattacks across the globe is expected to increase the segment growth.
Regional Analysis
North America Cyber Security Market Assessment
North America dominated the global cyber security market in 2024 and is anticipated to maintain its dominance throughout the forecast period. With the growing use of the web in countries such as the U.S. and Canada, cybersecurity technologies are predicted to become more popular. Several of the country's largest banking organizations, including JP Morgan Chase, Citibank, and Bank of America, have deployed sophisticated cybersecurity technologies to provide 24/7 defense against hackers. Furthermore, the growing wireless infrastructure for portable gadgets data risk, rendering security a necessary and vital aspect of any firm in the region.
Asia Pacific Cyber Security Market Insights
The Asia Pacific is anticipated to grow at the fastest pace throughout the projected period due to rapid industrialization along with the rising adoption of digital transactions. Increasing awareness of security threats coupled with the growing IT security systems across developed and developing nations, is expected to contribute to the rising trends. Government initiatives and strategies for cyber security have boosted private and public sector investment for the advancement of threat detection and solutions for response. Moreover, the rise in the e-commerce industry and digital banking has also created the demand for robust security services for fraud prevention and technologies for data protection.
Competitive Insight
The cybersecurity industry is highly competitive due to the rapid development of technology and the persistent disruption and shifts in threat. Vendors are focusing on a competitive intelligence and strategy to take advantage of new markets and growth, especially among small and medium-sized brands. The growth outlook in security markets remains positive, backed up by pent-up demand and potential in both developed and emerging markets, though growth is heavily a function of navigating inflationary economies and geopolitical economic shifts. Moreover, understanding of market trends will be a significant influence on how organizations in the market will articulate effective strategies for developing their organizations in the future.
Some of the major market players operating in the global cyber security market include AlgoSec, BAE Systems Inc., Centrify Corporation, Cisco Systems Inc., CyberArk, DataVisor, EMC Corporation, F5, Fortinet, Inc., F-secure, Hewlett-Packard Enterprise, IBM Corporation, Intel Security, LogRhythm Inc., Palo Alto Networks, Proofpoint Inc., Qualys, RevBits, SentinelOne, SonicWall, Symantec Corporation, and Wi-Jungle.
These market players are investing in research & development and are indulging in marketing strategies such as partnerships & collaborations, mergers & acquisitions, product launches, and developments in order to increase their market footprint and acquire more clients. For instance, in April 2021, IBM Security and HCL Technologies (HCL) have teamed together to assist clients in unifying and streamlining threat monitoring through an updated security operation center (SOC) infrastructure.
Industry Developments
July 2025: Accenture and Microsoft Corporation collaborated to co-invest in advanced generative AI-driven cyber solutions to help organizations mitigate threats and consolidate technology tools.
January 2025: Cognizant and CrowdStrike collaborated for security transformation by delivering cybersecurity services, powered by the AI-native CrowdStrike Falcon cybersecurity platform.
Cyber Security Market Report Scope
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Report Attributes |
Details |
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Market size value in 2024 |
USD 284.56 Billion |
| Market size value in 2025 | USD 311.41 Billion |
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Revenue forecast in 2034 |
USD 715.99 Billion |
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CAGR |
9.7% from 2025 - 2034 |
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Base year |
2024 |
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Historical data |
2020 - 2023 |
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Forecast period |
2025 - 2034 |
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Quantitative units |
Revenue in USD billion and CAGR from 2025 to 2034 |
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Segments covered |
By Type, By Deployment Model, By End User, By Organization Size, By Solution, By Component By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
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Key Companies |
AlgoSec, BAE Systems Inc., Centrify Corporation, Cisco Systems Inc., CyberArk, DataVisor, EMC Corporation, F5, Fortinet, Inc., F-secure, Hewlett-Packard Enterprise, IBM Corporation, Intel Security, LogRhythm Inc., Palo Alto Networks, Proofpoint Inc., Qualys, RevBits, SentinelOne, SonicWall, Symantec Corporation, and Wi-Jungle. |
FAQ's
• The global market size was valued at USD 284.56 billion in 2024 and is projected to grow to USD 715.99 billion by 2034.
• The global market is projected to register a CAGR of 9.7% during the forecast period.
• North America dominated the global share in 2024.
• A few of the key players in the market are AlgoSec, BAE Systems Inc., Centrify Corporation, Cisco Systems Inc., CyberArk, DataVisor, EMC Corporation, F5, Fortinet, Inc., F-secure, Hewlett-Packard Enterprise, IBM Corporation, Intel Security, LogRhythm Inc., Palo Alto Networks, Proofpoint Inc., Qualys, RevBits, SentinelOne, SonicWall, Symantec Corporation, and Wi-Jungle.
• The cloud-based segment dominated the cyber security market in 2024.
• The defense and government end user segment is expected to witness rapid growth during the forecast period.
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