Cybersecurity Market Size and Share

Cybersecurity Market (2025 - 2030)

Cybersecurity Market Analysis by Mordor Intelligence

The Cybersecurity Market size is estimated at USD 235.5 billion in 2025, and is expected to reach USD 423.43 billion by 2030, at a CAGR of 12.45% during the forecast period (2025-2030).

Increased spending on zero-trust architectures, the integration of IT and operational technology (OT) defenses, and preparations for quantum-ready encryption are the primary forces behind this expansion. North America retains spending leadership, while Asia-Pacific registers the most rapid gains as enterprises migrate workloads to cloud-first environments. Budget allocations are also rising as cyber-insurance underwriters demand verifiable controls, pushing organizations toward unified security platforms that simplify oversight. Simultaneously, platform consolidation through mergers and acquisitions is intensifying as vendors race to cover emerging threat vectors.

Key Report Takeaways

  • By offering, solutions captured 70.2% of cybersecurity market share in 2024, while services are expanding through 2030 at 13.1% CAGR.
  • By deployment mode, on-premise retained 60.1% share of the cybersecurity market size in 2024, yet cloud-based security is projected to compound at 16.4% CAGR.
  • By end-user industry, BFSI led with 26.5% revenue share in 2024; retail and e-commerce is forecast to advance at 15.5% CAGR to 2030.
  • By end-user enterprise size, large organizations commanded 68.3% of the cybersecurity market size in 2024, while SMEs are set to grow at 13.6% CAGR.
  • By geography, North America held 43.8% cybersecurity market share in 2024; Asia-Pacific is projected to post a 17.4% CAGR through 2030. 

Cybersecurity Market Segment Analysis

By Offering: Momentum Shifts Toward Platform Consolidation

Solutions retained 70.2% cybersecurity market share in 2024 and are set to expand at 13.1% CAGR as enterprises abandon isolated tools in favor of converged suites that unify cloud, identity, and network defenses. Application, cloud, and identity safeguards post the fastest gains, while network and endpoint controls grow more modestly as XDR overlays displace standalone products. Data protection rises in prominence amid new privacy rules, and integrated risk management embeds compliance workflows directly into security dashboards.

Services generated 29.8% of 2024 revenue, with managed offerings benefitting from the talent shortfall even as automation tempers growth. Advisory engagements remain essential for regulated verticals that require bespoke implementations. Providers that pair consulting with recurring managed detection and response services lock in long-term contracts, underpinning predictable revenue streams and deeper client relationships. The cybersecurity market continues to favour vendors that fuse products and services into seamless outcomes, streamlining procurement for resource-constrained security teams while reducing integration risk.

Cybersecurity Market: Market Share by Offering

By Deployment Mode: Cloud Uptake Outpaces On-Premise Control

On-premise deployments still accounted for 60.1% of the cybersecurity market size in 2024, reflecting continued preference for direct oversight in highly regulated sectors such as government and healthcare. Yet the centre of gravity is shifting as cloud-native security accelerates at 16.4% CAGR on promises of elastic scale, faster update cycles, and integrated threat intelligence.

Small and medium enterprises gravitate to fully hosted suites that eliminate infrastructure overhead, whereas large organizations pursue hybrid models that keep sensitive workloads in house while routing less sensitive data to regional clouds to satisfy sovereignty mandates. Providers address compliance concerns through in-region data centres and audit-ready encryption controls, removing historical barriers to adoption. Unified consoles that provide visibility across on-premise, private, and public clouds are emerging as must-have capabilities, propelling demand for platforms that correlate logs from endpoints, identities, and network flows in a single analytic engine.

By End-User Industry: BFSI Holds Lead, Retail Surges

BFSI sustained 26.5% share of the cybersecurity market in 2024 owing to stringent regulations and the high value of financial data. Spending continues to grow as institutions implement zero-trust access, real-time fraud analytics, and quantum-ready cryptography to protect payment rails.

Retail and e-commerce is the fastest-growing vertical, advancing at 15.5% CAGR thanks to omnichannel strategies that expand digital attack surfaces. Breach costs tied to customer data exposure and payment fraud spur investment in tokenisation, application shielding, and API security. Industrial and defense entities invest heavily to secure OT environments, while IT-telecom players safeguard carrier networks that underpin national connectivity.. Manufacturers likewise escalate spending because 25.7% of 2024 cyber incidents targeted production systems, driving deployments of asset-centric anomaly detection that bridges IT and OT zones.

Cybersecurity Market: Market Share by End-User Industry

Note: Segment shares of all individual segments available upon report purchase

By End-User Enterprise Size: SMEs Lean on Cloud Simplicity

Large enterprises generated 68.3% of revenue in 2024 and continue to channel 12% of IT budgets into security, focusing on AI-driven analytics and managed extended detection and response services to counter sophisticated adversaries.

SMEs contributed 31.7% but will outpace their larger counterparts at 13.6% CAGR. Insurers now demand baseline controls before issuing cyber-policies, motivating smaller firms to adopt cloud platforms that bundle endpoint, email, and identity safeguards with simplified management portals. Lower upfront costs and subscription pricing remove capital-expenditure hurdles, while shared-responsibility models offload much of the operational burden to providers.Shared compliance dashboards that map controls to frameworks such as ISO 27001 and SOC 2 appeal to directors seeking board-level assurance without adding headcount.

Geography Analysis

North America controlled 43.8% of 2024 revenue in the cybersecurity market, underpinned by mature regulations and the presence of major vendors. Regional spending is forecast to surpass USD 125 billion by 2026 as Executive Order 14028 obliges extensive zero-trust migration. The United States reported 9,036 cyber incidents in 2023, dwarfing Europe’s 2,557 events and sustaining demand for advanced threat intelligence feeds and managed SOC services. Canada and Mexico contribute to growth through joint public-private programs that harmonise cross-border breach reporting and incident response.

Asia-Pacific is the fastest-growing area at 17.4% CAGR, with state-backed digital-nation plans elevating security to critical-infrastructure status. China, India, Japan, and South Korea allocate multi-year budgets to national cyber strategies, while Australia and New Zealand implement comprehensive resilience frameworks that require mandatory incident disclosure. Regional buyers often leapfrog legacy controls by adopting cloud-native security from the outset, accelerating uptake of identity-centric and AI-driven analytics.

Europe region growth is propelled by GDPR enforcement and the forthcoming NIS2 directive that expands coverage to more sectors. Germany, the United Kingdom, and France headline spending, whereas Central and Eastern European markets grow from a smaller base as they align with EU requirements. Sovereign-cloud initiatives in France and Spain stimulate demand for domestically hosted security stacks, while cross-border data-transfer restrictions accelerate adoption of privacy-enhancing encryption techniques.

Cybersecurity Market CAGR (%), Growth Rate by Region

Competitive Landscape

The cybersecurity market remains moderately fragmented, though consolidation is rising as buyers prefer integrated platforms over disconnected point solutions. Google’s USD 23 billion bid for Wiz, Palo Alto Networks’ USD 500 million purchase of IBM’s QRadar unit, and CyberArk’s USD 1.54 billion acquisition of Venafi exemplify the scramble to expand cloud and identity capabilities [3]Douglas W. Hubbard, “Platform Consolidation in Cybersecurity,” journalofcyberpolicy.com.

Emerging companies exploit white space in quantum-ready encryption, OT defense, and AI-powered orchestration. Start-ups that design controls specifically for Kubernetes, serverless workloads, or machine-learning pipelines gain traction among digital-native enterprises. Patent filings for post-quantum key-exchange protocols and reinforcement-learning-based anomaly detection rose 28% year on year, underscoring the sector’s innovation tempo.

Partnerships between cloud service providers and security vendors deepen as hyperscalers embed native threat analytics, compliance tooling, and managed response options directly into their platforms. These alliances accelerate go-to-market cycles for smaller vendors and furnish hyperscalers with differentiated security postures that appeal to regulated customers.

Cybersecurity Industry Leaders

  1. IBM Corporation

  2. Microsoft Corporation

  3. Cisco Systems, Inc.

  4. Palo Alto Networks, Inc.

  5. Fortinet, Inc.

  6. *Disclaimer: Major Players sorted in no particular order
Cybersecurity Market
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Recent Industry Developments

  • July 2025: Accenture and Microsoft committed joint funding to build generative-AI cyber tools that cut tool sprawl and reduce operating costs.
  • July 2025: Invicti unveiled a next-generation application security platform with AI-enhanced dynamic testing and full-spectrum vulnerability visibility.
  • May 2025: Radware opened new cloud security centres in Chennai, Mumbai, and Nairobi, expanding global mitigation capacity to 15 Tbps.
  • April 2025: CrowdStrike added AI model scanning and Shadow AI detection to its Falcon platform, broadening unified protection across hybrid and multi-cloud environments.

Table of Contents for Cybersecurity Industry Report

1. INTRODUCTION

  • 1.1 Market Definition and Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET LANDSCAPE

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Accelerated cloud-first digital transformation
    • 4.2.2 IT-OT security convergence across critical infrastructure
    • 4.2.3 Zero-trust architecture mandates for hybrid workforce
    • 4.2.4 Surge in cyber-insurance underwriting requirements
    • 4.2.5 Digital-sovereignty regulations driving localised security stacks
    • 4.2.6 Timelines for quantum-ready cryptography migration
  • 4.3 Market Restraints
    • 4.3.1 Cyber-security talent deficit and wage inflation
    • 4.3.2 Integration complexity with legacy infrastructure
    • 4.3.3 API-sprawl expanding attack-surface complexity
    • 4.3.4 SOC alert-fatigue and false-positive overload limiting ROI
  • 4.4 Value Chain Analysis
  • 4.5 Evaluation of Critical Regulatory Framework
  • 4.6 Impact Assessment of Key Stakeholders
  • 4.7 Technological Outlook
  • 4.8 Porter's Five Forces Analysis
    • 4.8.1 Bargaining Power of Suppliers
    • 4.8.2 Bargaining Power of Consumers
    • 4.8.3 Threat of New Entrants
    • 4.8.4 Threat of Substitutes
    • 4.8.5 Intensity of Competitive Rivalry
  • 4.9 Key Use Cased and Case Studies
  • 4.10 Analysis of Pricing and Pricing Model
  • 4.11 Cybersecurity Training Trends
  • 4.12 Impact of Macro-economic Factors

5. MARKET SIZE AND GROWTH FORECASTS (VALUE)

  • 5.1 By Offering
    • 5.1.1 Solutions
    • 5.1.1.1 Application Security
    • 5.1.1.2 Cloud Security
    • 5.1.1.3 Data Security
    • 5.1.1.4 Identity and Access Management
    • 5.1.1.5 Infrastructure Protection
    • 5.1.1.6 Integrated Risk Management
    • 5.1.1.7 Network Security
    • 5.1.1.8 End-point Security
    • 5.1.2 Services
    • 5.1.2.1 Professional Services
    • 5.1.2.2 Managed Services
  • 5.2 By Deployment Mode
    • 5.2.1 Cloud
    • 5.2.2 On-Premise
  • 5.3 By End-user Industry
    • 5.3.1 BFSI
    • 5.3.2 Healthcare
    • 5.3.3 IT and Telecom
    • 5.3.4 Industrial and Defense
    • 5.3.5 Retail and E-commerce
    • 5.3.6 Energy and Utilities
    • 5.3.7 Manufacturing
    • 5.3.8 Others
  • 5.4 By End-user Enterprise Size
    • 5.4.1 Large Enterprises
    • 5.4.2 Small and Medium Enterprises (SMEs)
  • 5.5 By Geography
    • 5.5.1 North America
    • 5.5.1.1 United States
    • 5.5.1.2 Canada
    • 5.5.1.3 Mexico
    • 5.5.2 South America
    • 5.5.2.1 Brazil
    • 5.5.2.2 Argentina
    • 5.5.2.3 Rest of South America
    • 5.5.3 Europe
    • 5.5.3.1 Germany
    • 5.5.3.2 United Kingdom
    • 5.5.3.3 France
    • 5.5.3.4 Italy
    • 5.5.3.5 Spain
    • 5.5.3.6 Russia
    • 5.5.3.7 Rest of Europe
    • 5.5.4 Asia-Pacific
    • 5.5.4.1 China
    • 5.5.4.2 Japan
    • 5.5.4.3 India
    • 5.5.4.4 South Korea
    • 5.5.4.5 Australia and New Zealand
    • 5.5.4.6 Rest of Asia-Pacific
    • 5.5.5 Middle East and Africa
    • 5.5.5.1 Middle East
    • 5.5.5.1.1 Saudi Arabia
    • 5.5.5.1.2 United Arab Emirates
    • 5.5.5.1.3 Turkey
    • 5.5.5.1.4 Rest of Middle East
    • 5.5.5.2 Africa
    • 5.5.5.2.1 South Africa
    • 5.5.5.2.2 Nigeria
    • 5.5.5.2.3 Egypt
    • 5.5.5.2.4 Rest of Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Market Concentration
  • 6.2 Strategic Moves
  • 6.3 Market Share Analysis
  • 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products and Services, and Recent Developments)
    • 6.4.1 IBM Corporation
    • 6.4.2 Microsoft Corporation
    • 6.4.3 Cisco Systems, Inc.
    • 6.4.4 Palo Alto Networks, Inc.
    • 6.4.5 Fortinet, Inc.
    • 6.4.6 Check Point Software Technologies Ltd.
    • 6.4.7 CrowdStrike Holdings, Inc.
    • 6.4.8 Trend Micro Incorporated
    • 6.4.9 Zscaler, Inc.
    • 6.4.10 Okta, Inc.
    • 6.4.11 Gen Digital Inc. (formerly NortonLifeLock Inc.)
    • 6.4.12 Sophos Limited
    • 6.4.13 Proofpoint, Inc.
    • 6.4.14 McAfee LLC
    • 6.4.15 Darktrace plc
    • 6.4.16 Rapid7, Inc.
    • 6.4.17 SentinelOne, Inc.
    • 6.4.18 Imperva, Inc.
    • 6.4.19 Qualys, Inc.
    • 6.4.20 Trellix Holdings LLC
    • 6.4.21 Splunk Inc.
    • 6.4.22 Elastic N.V.
    • 6.4.23 Akamai Technologies, Inc.
    • 6.4.24 Broadcom Inc. (Symantec Enterprise Division)
    • 6.4.25 VMware, Inc.
    • 6.4.26 Cybereason
    • 6.4.27 Ivanti, Inc.
    • 6.4.28 Tenable Holdings, Inc.
    • 6.4.29 CyberArk Software Ltd.

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 White-space and Unmet-need Assessment
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Global Cybersecurity Market Report Scope

The cybersecurity market is defined based on the revenues generated from the solutions and services used in various end-user industries globally. The analysis is based on the market insights captured through secondary research and the primaries. The market also covers the major factors impacting its growth in terms of drivers and restraints. The study tracks the key market parameters, underlying growth influencers, and major vendors operating in the industry, which supports the market estimations and growth rates over the forecast period.

The cybersecurity market is segmented by offerings (solutions [application security, cloud security, data security, identity access management, infrastructure protection, integrated risk management, network security, and other solution types] and services [professional services and managed services]), by deployment (On-premise, and cloud), and by end-user vertical (IT and telecommunication, BFSI, retail and e-commerce, oil gas and energy, manufacturing, government, and defense, and other end-user industries), geography (North America [United States and Canada], Europe [United Kingdom, Germany, France, Italy, Spain, Greece, Rest of Europe], AsiaPacific [China, India, Japan, Australia, Southeast Asia [Indonesia, Philippines, Malaysia, Singapore, Rest of Southeast Asia], Rest of Asia Pacific], Latin America [Brazil, Argentina, Mexico, Rest of Latin America], lastly, Middle East and Africa [Saudi Arabia, GCC [United Arab Emirates, Others], South Africa, Rest of the Middle East and Africa]). The market sizes and forecasts are provided in terms of value in (USD) for all the above segments.

By Offering
Solutions Application Security
Cloud Security
Data Security
Identity and Access Management
Infrastructure Protection
Integrated Risk Management
Network Security
End-point Security
Services Professional Services
Managed Services
By Deployment Mode
Cloud
On-Premise
By End-user Industry
BFSI
Healthcare
IT and Telecom
Industrial and Defense
Retail and E-commerce
Energy and Utilities
Manufacturing
Others
By End-user Enterprise Size
Large Enterprises
Small and Medium Enterprises (SMEs)
By Geography
North America United States
Canada
Mexico
South America Brazil
Argentina
Rest of South America
Europe Germany
United Kingdom
France
Italy
Spain
Russia
Rest of Europe
Asia-Pacific China
Japan
India
South Korea
Australia and New Zealand
Rest of Asia-Pacific
Middle East and Africa Middle East Saudi Arabia
United Arab Emirates
Turkey
Rest of Middle East
Africa South Africa
Nigeria
Egypt
Rest of Africa
By Offering Solutions Application Security
Cloud Security
Data Security
Identity and Access Management
Infrastructure Protection
Integrated Risk Management
Network Security
End-point Security
Services Professional Services
Managed Services
By Deployment Mode Cloud
On-Premise
By End-user Industry BFSI
Healthcare
IT and Telecom
Industrial and Defense
Retail and E-commerce
Energy and Utilities
Manufacturing
Others
By End-user Enterprise Size Large Enterprises
Small and Medium Enterprises (SMEs)
By Geography North America United States
Canada
Mexico
South America Brazil
Argentina
Rest of South America
Europe Germany
United Kingdom
France
Italy
Spain
Russia
Rest of Europe
Asia-Pacific China
Japan
India
South Korea
Australia and New Zealand
Rest of Asia-Pacific
Middle East and Africa Middle East Saudi Arabia
United Arab Emirates
Turkey
Rest of Middle East
Africa South Africa
Nigeria
Egypt
Rest of Africa
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Key Questions Answered in the Report

What is the current size of the cybersecurity market?

The cybersecurity market size is USD 235.50 billion in 2025 and is forecast to reach USD 423.43 billion by 2030.

Which region is growing the fastest?

Asia-Pacific is projected to record a 17.4% CAGR between 2025 and 2030, the highest among all regions.

Which deployment mode is expanding most quickly?

Cloud-based security is the fastest-growing mode, expected to compound at 16.4% through 2030 as enterprises seek scalable protection.

Why is zero-trust architecture gaining momentum?

Government mandates, rising credential-based attacks, and hybrid work models are driving organizations to shift from perimeter defenses to identity-centric zero-trust frameworks.

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