Cyber Security Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2030
Description
Cyber Security Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2030
The report on the global cyber security market provides qualitative and quantitative analysis for the period from 2021-2030. The global cyber security market was valued at USD 199.75 billion in 2022 and is expected to reach USD 572.29 billion in 2030, with a CAGR of 12.15% during the forecast period 2023-2030. The study on cyber security market covers the analysis of the leading geographies such as North America, Europe, Asia Pacific, and RoW for the period of 2021-2030.
The ""Cyber Security Market"" refers to the worldwide business environment for cybersecurity products, services, and solutions. Cybersecurity involves safeguarding computer systems, networks, devices, and data from cyber threats, such as unauthorized access, data breaches, and malicious attacks. This market comprises a wide array of offerings provided by technology firms, cybersecurity companies, and service providers, all aimed at protecting organizations, individuals, and governments from cyber risks. Cybersecurity products and services, including antivirus software, firewalls, intrusion detection systems, encryption solutions, security consulting, and incident response services. It also encompasses solutions designed to secure cloud environments, Internet of Things (IoT) devices, critical infrastructure, and personal data. Organizations across various industries, including government, healthcare, finance, and critical infrastructure, make investments in cyber security solutions to shield themselves against cyber threats and ensure the security and confidentiality of their digital assets. This market continually evolves to address new challenges and emerging cybersecurity technologies.
The global cyber security market is primarily fueled by the increasing prevalence of cyber threats. The ever-evolving and more sophisticated nature of these threats underscores the need for continuous Research and Development (R&D) efforts to create innovative defense mechanisms and maintain an advantage over cybercriminals. Additionally, the potential fallout from cyberattacks, which includes data breaches, financial setbacks, and harm to reputation, motivates organizations to invest in R&D to strengthen their cybersecurity defenses. Furthermore, the rising demand for IoT and cloud security is driving market growth. The widespread adoption of IoT devices and cloud computing requires R&D initiatives to develop security solutions specifically tailored to these environments. Nevertheless, the growth of the cyber security solutions market could be hampered by the high costs associated with effective solutions. On the flip side, the utilization of artificial intelligence, machine learning, and automation for real-time threat detection and mitigation offers significant opportunities for the global cyber security market.
North America is expected to hold the most significant market share in the upcoming forecast period, primarily due to its rich history of technological innovation. The region, especially the United States, is home to major technology giants, cyber security firms, and renowned research institutions. This concentration of technological expertise and resources fuels the continuous development of state-of-the-art cyber security solutions. Furthermore, North America boasts a thriving cybersecurity ecosystem characterized by a high density of cybersecurity startups, tech industry giants, and academic institutions. This ecosystem fosters an environment of innovation, collaboration, and the exchange of valuable cybersecurity knowledge. Notably, the United States has a strong tradition of investing in Research and Development (R&D) across diverse industries, including cybersecurity. Government support, private sector investments, and academic research all contribute to the ongoing advancements in cybersecurity technologies. While the Asia-Pacific (APAC) region is emerging as the fastest-growing player in the cybersecurity market. APAC's rapid economic expansion, ongoing digital transformation initiatives, heightened cybersecurity threats, government-driven cybersecurity programs, and the widespread adoption of emerging technologies are all catalysts propelling the growth of the cyber security market in this region.
Report Findings
1) Drivers
The global cyber security market is driven by growing cyber threats.
The growing demand for IoT and cloud security fuels the market growth.
2) Restraints
The growth of the market for cybersecurity solutions may be restrained due to the high cost of effective solutions.
3) Opportunities
Leveraging artificial intelligence, machine learning, and automation to detect and mitigate threats in real-time presents significant opportunities for the global cyber security market.
Research Methodology
A) Primary Research
Our primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached include
1. Key Opinion Leaders associated with Infinium Global Research
2. Internal and External subject matter experts
3. Professionals and participants from the industry
Our primary research respondents typically include
1. Executives working with leading companies in the market under review
2. Product/brand/marketing managers
3. CXO level executives
4. Regional/zonal/ country managers
5. Vice President level executives.
B) Secondary Research
Secondary research involves extensive exploring through the secondary sources of information available in both the public domain and paid sources. At Infinium Global Research, each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources.
The secondary sources of the data typically include
1. Company reports and publications
2. Government/institutional publications
3. Trade and associations journals
4. Databases such as WTO, OECD, World Bank, and among others.
5. Websites and publications by research agencies
Segment Covered
The global cyber security market is segmented on the basis of component, solution, deployment model, industry vertical, and enterprise size.
The Global Cyber Security Market by Component
Solution
Service
The Global Cyber Security Market by Solution
Identity & Access Management
Infrastructure Security
Governance Risk & Compliance
Unified Vulnerability Management Service Offering
Data Security & Privacy Service Offering
Others
The Global Cyber Security Market by Deployment Model
Cloud
On-premise
The Global Cyber Security Market by Industry Vertical
Telecom
Automotive
BFSI
Public Sector
Retail
Healthcare
IT
Energy & Utilities
Manufacturing
Others
The Global Cyber Security Market by Enterprise Size
Large Enterprises
SMEs
Company Profiles
The companies covered in the report include
Accenture plc
Broadcom Inc
IBM Corporation
F5, Inc.
L&T Technology Services Limited
FireEye, Inc.
TATA Consultancy Services Limited
Infosys Limited
HCL Technologies Limited
Ohers
What does this Report Deliver?
1. Comprehensive analysis of the global as well as regional markets of the cyber security market.
2. Complete coverage of all the segments in the cyber security market to analyze the trends, developments in the global market and forecast of market size up to 2030.
3. Comprehensive analysis of the companies operating in the global cyber security market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
4. IGR- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
Table of Contents
350 Pages
- Chapter 1. Preface
- 1.1. Report Description
- 1.2. Research Methods
- 1.3. Research Approaches
- Chapter 2. Executive Summary
- 2.1. Cyber Security Market Highlights
- 2.2. Cyber Security Market Projection
- 2.3. Cyber Security Market Regional Highlights
- Chapter 3. Global Cyber security Market Overview
- 3.1. Introduction
- 3.2. Market Dynamics
- 3.2.1. Drivers
- 3.2.2. Restraints
- 3.2.3. Opportunities
- 3.3. Porter's Five Forces Analysis
- 3.4. IGR-Growth Matrix Analysis
- 3.4.1. IGR-Growth Matrix Analysis by Component
- 3.4.2. IGR-Growth Matrix Analysis by Solution
- 3.4.3. IGR-Growth Matrix Analysis by Deployment Model
- 3.4.4. IGR-Growth Matrix Analysis by Industry Vertical
- 3.4.5. IGR-Growth Matrix Analysis by Enterprise Size
- 3.4.6. IGR-Growth Matrix Analysis by Region
- 3.5. Value Chain Analysis of Cyber Security Market
- Chapter 4. Cyber Security Market Macro Indicator Analysis
- Chapter 5. Company Profiles and Competitive Landscape
- 5.1. Competitive Landscape in the Global Cyber Security Market
- 5.2. Companies Profiles
- 5.2.1. Accenture plc
- 5.2.2. Broadcom Inc
- 5.2.3. IBM Corporation
- 5.2.4. F5, Inc.
- 5.2.5. L&T Technology Services Limited
- 5.2.6. FireEye, Inc.
- 5.2.7. TATA Consultancy Services Limited
- 5.2.8. Infosys Limited
- 5.2.9. HCL Technologies Limited
- 5.2.10. Others
- Chapter 6. Global Cyber security Market by Component
- 6.1. Solution
- 6.2. Service
- Chapter 7. Global Cyber security Market by Solution
- 7.1. Identity & Access Management
- 7.2. Infrastructure Security
- 7.3. Governance Risk & Compliance
- 7.4. Unified Vulnerability Management Service Offering
- 7.5. Data Security & Privacy Service Offering
- 7.6. Others
- Chapter 8. Global Cyber security Market by Deployment Model
- 8.1. Cloud
- 8.2. On-premise
- Chapter 9. Global Cyber security Market by Industry Vertical
- 9.1. Telecom
- 9.2. Automotive
- 9.3. BFSI
- 9.4. Public Sector
- 9.5. Retail
- 9.6. Healthcare
- 9.7. IT
- 9.8. Energy & Utilities
- 9.9. Manufacturing
- 9.10. Others
- Chapter 10. Global Cyber security Market by Enterprise Size
- 10.1. Large Enterprises
- 10.2. SMEs
- Chapter 11. Global Cyber security Market by Region 2023-2030
- 11.1. North America
- 11.1.1. North America Cyber Security Market by Component
- 11.1.2. North America Cyber Security Market by Solution
- 11.1.3. North America Cyber Security Market by Deployment Model
- 11.1.4. North America Cyber Security Market by Industry Vertical
- 11.1.5. North America Cyber Security Market by Enterprise Size
- 11.1.6. North America Cyber Security Market by Country
- 11.1.6.1. The U.S. Cyber Security Market
- 11.1.6.1.1. The U.S. Cyber Security Market by Component
- 11.1.6.1.2. The U.S. Cyber Security Market by Solution
- 11.1.6.1.3. The U.S. Cyber Security Market by Deployment Model
- 11.1.6.1.4. The U.S. Cyber Security Market by Industry Vertical
- 11.1.6.1.5. The U.S. Cyber Security Market by Enterprise Size
- 11.1.6.2. Canada Cyber Security Market
- 11.1.6.2.1. Canada Cyber Security Market by Component
- 11.1.6.2.2. Canada Cyber Security Market by Solution
- 11.1.6.2.3. Canada Cyber Security Market by Deployment Model
- 11.1.6.2.4. Canada Cyber Security Market by Industry Vertical
- 11.1.6.2.5. Canada Cyber Security Market by Enterprise Size
- 11.1.6.3. Mexico Cyber Security Market
- 11.1.6.3.1. Mexico Cyber Security Market by Component
- 11.1.6.3.2. Mexico Cyber Security Market by Solution
- 11.1.6.3.3. Mexico Cyber Security Market by Deployment Model
- 11.1.6.3.4. Mexico Cyber Security Market by Industry Vertical
- 11.1.6.3.5. Mexico Cyber Security Market by Enterprise Size
- 11.2. Europe
- 11.2.1. Europe Cyber Security Market by Component
- 11.2.2. Europe Cyber Security Market by Solution
- 11.2.3. Europe Cyber Security Market by Deployment Model
- 11.2.4. Europe Cyber Security Market by Industry Vertical
- 11.2.5. Europe Cyber Security Market by Enterprise Size
- 11.2.6. Europe Cyber Security Market by Country
- 11.2.6.1. Germany Cyber Security Market
- 11.2.6.1.1. Germany Cyber Security Market by Component
- 11.2.6.1.2. Germany Cyber Security Market by Solution
- 11.2.6.1.3. Germany Cyber Security Market by Deployment Model
- 11.2.6.1.4. Germany Cyber Security Market by Industry Vertical
- 11.2.6.1.5. Germany Cyber Security Market by Enterprise Size
- 11.2.6.2. United Kingdom Cyber Security Market
- 11.2.6.2.1. United Kingdom Cyber Security Market by Component
- 11.2.6.2.2. United Kingdom Cyber Security Market by Solution
- 11.2.6.2.3. United Kingdom Cyber Security Market by Deployment Model
- 11.2.6.2.4. United Kingdom Cyber Security Market by Industry Vertical
- 11.2.6.2.5. United Kingdom Cyber Security Market by Enterprise Size
- 11.2.6.3. France Cyber Security Market
- 11.2.6.3.1. France Cyber Security Market by Component
- 11.2.6.3.2. France Cyber Security Market by Solution
- 11.2.6.3.3. France Cyber Security Market by Deployment Model
- 11.2.6.3.4. France Cyber Security Market by Industry Vertical
- 11.2.6.3.5. France Cyber Security Market by Enterprise Size
- 11.2.6.4. Italy Cyber Security Market
- 11.2.6.4.1. Italy Cyber Security Market by Component
- 11.2.6.4.2. Italy Cyber Security Market by Solution
- 11.2.6.4.3. Italy Cyber Security Market by Deployment Model
- 11.2.6.4.4. Italy Cyber Security Market by Industry Vertical
- 11.2.6.4.5. Italy Cyber Security Market by Enterprise Size
- 11.2.6.5. Rest of Europe Cyber Security Market
- 11.2.6.5.1. Rest of Europe Cyber Security Market by Component
- 11.2.6.5.2. Rest of Europe Cyber Security Market by Solution
- 11.2.6.5.3. Rest of Europe Cyber Security Market by Deployment Model
- 11.2.6.5.4. Rest of Europe Cyber Security Market by Industry Vertical
- 11.2.6.5.5. Rest of Europe Cyber Security Market by Enterprise Size
- 11.3. Asia Pacific
- 11.3.1. Asia Pacific Cyber Security Market by Component
- 11.3.2. Asia Pacific Cyber Security Market by Solution
- 11.3.3. Asia Pacific Cyber Security Market by Deployment Model
- 11.3.4. Asia Pacific Cyber Security Market by Industry Vertical
- 11.3.5. Asia Pacific Cyber Security Market by Enterprise Size
- 11.3.6. Asia Pacific Cyber Security Market by Country
- 11.3.6.1. China Cyber Security Market
- 11.3.6.1.1. China Cyber Security Market by Component
- 11.3.6.1.2. China Cyber Security Market by Solution
- 11.3.6.1.3. China Cyber Security Market by Deployment Model
- 11.3.6.1.4. China Cyber Security Market by Industry Vertical
- 11.3.6.1.5. China Cyber Security Market by Enterprise Size
- 11.3.6.2. Japan Cyber Security Market
- 11.3.6.2.1. Japan Cyber Security Market by Component
- 11.3.6.2.2. Japan Cyber Security Market by Solution
- 11.3.6.2.3. Japan Cyber Security Market by Deployment Model
- 11.3.6.2.4. Japan Cyber Security Market by Industry Vertical
- 11.3.6.2.5. Japan Cyber Security Market by Enterprise Size
- 11.3.6.3. India Cyber Security Market
- 11.3.6.3.1. India Cyber Security Market by Component
- 11.3.6.3.2. India Cyber Security Market by Solution
- 11.3.6.3.3. India Cyber Security Market by Deployment Model
- 11.3.6.3.4. India Cyber Security Market by Industry Vertical
- 11.3.6.3.5. India Cyber Security Market by Enterprise Size
- 11.3.6.4. South Korea Cyber Security Market
- 11.3.6.4.1. South Korea Cyber Security Market by Component
- 11.3.6.4.2. South Korea Cyber Security Market by Solution
- 11.3.6.4.3. South Korea Cyber Security Market by Deployment Model
- 11.3.6.4.4. South Korea Cyber Security Market by Industry Vertical
- 11.3.6.4.5. South Korea Cyber Security Market by Enterprise Size
- 11.3.6.5. Australia Cyber Security Market
- 11.3.6.5.1. Australia Cyber Security Market by Component
- 11.3.6.5.2. Australia Cyber Security Market by Solution
- 11.3.6.5.3. Australia Cyber Security Market by Deployment Model
- 11.3.6.5.4. Australia Cyber Security Market by Industry Vertical
- 11.3.6.5.5. Australia Cyber Security Market by Enterprise Size
- 11.3.6.6. Rest of Asia-Pacific Cyber Security Market
- 11.3.6.6.1. Rest of Asia-Pacific Cyber Security Market by Component
- 11.3.6.6.2. Rest of Asia-Pacific Cyber Security Market by Solution
- 11.3.6.6.3. Rest of Asia-Pacific Cyber Security Market by Deployment Model
- 11.3.6.6.4. Rest of Asia-Pacific Cyber Security Market by Industry Vertical
- 11.3.6.6.5. Rest of Asia-Pacific Cyber Security Market by Enterprise Size
- 11.4. RoW
- 11.4.1. RoW Cyber Security Market by Component
- 11.4.2. RoW Cyber Security Market by Solution
- 11.4.3. RoW Cyber Security Market by Deployment Model
- 11.4.4. RoW Cyber Security Market by Industry Vertical
- 11.4.5. RoW Cyber Security Market by Enterprise Size
- 11.4.6. RoW Cyber Security Market by Sub-region
- 11.4.6.1. Latin America Cyber Security Market
- 11.4.6.1.1. Latin America Cyber Security Market by Component
- 11.4.6.1.2. Latin America Cyber Security Market by Solution
- 11.4.6.1.3. Latin America Cyber Security Market by Deployment Model
- 11.4.6.1.4. Latin America Cyber Security Market by Industry Vertical
- 11.4.6.1.5. Latin America Cyber Security Market by Enterprise Size
- 11.4.6.2. Middle East Cyber Security Market
- 11.4.6.2.1. Middle East Cyber Security Market by Component
- 11.4.6.2.2. Middle East Cyber Security Market by Solution
- 11.4.6.2.3. Middle East Cyber Security Market by Deployment Model
- 11.4.6.2.4. Middle East Cyber Security Market by Industry Vertical
- 11.4.6.2.5. Middle East Cyber Security Market by Enterprise Size
- 11.4.6.3. Africa Cyber Security Market
- 11.4.6.3.1. Africa Cyber Security Market by Component
- 11.4.6.3.2. Africa Cyber Security Market by Solution
- 11.4.6.3.3. Africa Cyber Security Market by Deployment Model
- 11.4.6.3.4. Africa Cyber Security Market by Industry Vertical
- 11.4.6.3.5. Africa Cyber Security Market by Enterprise Size
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