Cybersecurity Market in South Korea Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers Cybersecurity Market Companies & Analysis in South Korea and it is segmented by Product Type (Solutions, Services), Deployment (On-cloud, On-premise), End-user Industry (Aerospace and Defense, Banking, Financial Services, and Insurance, Healthcare, Manufacturing, Retail, IT and Telecommunication).

Cybersecurity Market in South Korea Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

South Korea Cyber Security Market Size

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South Korea Cybersecurity Market
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 5.06 Billion
Market Size (2030) USD 10.18 Billion
CAGR (2025 - 2030) 15.01 %
Market Concentration Low

Major Players

South Korea Cybersecurity Market Major Players

*Disclaimer: Major Players sorted in no particular order

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South Korea Cyber Security Market Analysis

The South Korea Cybersecurity Market size is estimated at USD 5.06 billion in 2025, and is expected to reach USD 10.18 billion by 2030, at a CAGR of 15.01% during the forecast period (2025-2030).

Cyber threats protect internet-connected systems such as hardware, software, and data. Cybersecurity solutions help enterprises monitor, detect, report, and handle cyber threats to maintain data confidentiality.

  • Owing to the country's increasing number of connected devices, advanced use of mobile devices, and significant intellectual property, South Korea is becoming one of the prime targets for cyber-attacks. Cybersecurity has been prioritized in South Korea's security calculus. The country's cyberspace is at risk because it has not developed an advanced defense-offense cyber capability that has been proven over the last few years. It was subjected to multiple cyber-attacks aimed at critical infrastructure.
  • The country is rigorously investing and enhancing its cybersecurity capabilities, which are evident from the fact that it ranked fourth In out of 194 countries in the International Telecommunication Union, ITU Global Cybersecurity Index, 2021. The index consists of the five evaluation categories of law, technology, organization, capability, and cooperation
  • South Korea's ICT ministry announced the plan to spend USD 607 million by 2023 to bolster the country's cybersecurity capabilities and respond to growing digital threats. The government plans to develop infrastructure to quickly respond to cybersecurity threats by collaborating with major cloud and data center companies in order to collect threat information in real-time, compared to the current system that relies on individual reports.
  • In May 2022, the Department of Homeland Security (DHS) Science and Technology Directorate (S&T) signed a Project Arrangement (PA) and Joint Statement of Intent (JSoI), with the Republic of Korea's Ministry of Science and Information Communication Technology (MSIT), for collaborative research, development, and foreign technical exchanges in cybersecurity and public safety solutions. The effort is part of a Memorandum of Understanding (MoU) signed in 2019 between the two countries in science and technology. The increasing initiatives by the government and the related regulator bodies to prevent such crimes have been increasingly developing or amending rules and regulations. This is expected to fuel the adoption of cybersecurity solutions in the region.
  • Moreover, In May 2022, South Korea became the first Asian nation to join NATO's Cooperative Cyber Defense Centre of Excellence (CCDCOE). According to the country's National Intelligence Service (NIS), South Korea plans to strengthen its cyber response capabilities by increasing the number of staff sent to the center and expanding the scope of joint training.

South Korea Cyber Security Industry Overview

The South Korea Cybersecurity Market is highly competitive, with many global players working in the country. These major players adopt strategic initiatives such as mergers and acquisitions, partnerships, and new product offerings due to increasing awareness regarding mobility security among enterprises.

  • September 2021 - Palo Alto Networks announced the launch of new security features for its Prisma Cloud product that will give developers and DevOps teams access to container image sandboxing. The update includes security for virtual machines on Azure and Google Cloud as well as Windows support, service mesh support, and enhanced API telemetry.

South Korea Cyber Security Market Leaders

  1. IBM Corporation

  2. Check Point Software Technologies Ltd

  3. AVG Technologies (Avast Software s.r.o.)

  4. Fortinet Inc.

  5. Palo Alto Networks Inc.

  6. *Disclaimer: Major Players sorted in no particular order
South Korea Cybersecurity Market - Market Concentration.png
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South Korea Cyber Security Market News

  • December 2021 - India and South Korea agreed to strengthen strategic cooperation in cybersecurity, information technology, maritime security, and threats and challenges from terrorism, extremism, and radicalization. The two sides discussed a range of key issues at the third India-Republic of Korea strategic dialogue held in the national capital.

South Korea Cyber Security Market Report - Table of Contents

1. INTRODUCTION

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

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHT

  • 4.1 Market Overview
  • 4.2 Industry Value Chain Analysis
  • 4.3 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.3.1 Bargaining Power of Suppliers
    • 4.3.2 Bargaining Power of Buyers
    • 4.3.3 Threat of New Entrants
    • 4.3.4 Threat of Substitutes
    • 4.3.5 Intensity of Competitive Rivalry
  • 4.4 An Assessment of the Impact of COVID-19 on the Market

5. MARKET DYNAMICS

  • 5.1 Market Drivers
    • 5.1.1 Rising frequency and sophistication of target-based cybersecurity incidents
    • 5.1.2 Increased adoption of IoT and BYOD trend
  • 5.2 Market Challenges
    • 5.2.1 Lack of Cybersecurity Professionals
    • 5.2.2 Budget limitations among organizations

6. MARKET SEGMENTATION

  • 6.1 By Product Type
    • 6.1.1 Solutions
    • 6.1.1.1 Identity and Access Management
    • 6.1.1.2 Threat Detection and Prevention (Unified Threat Management and Threat Mitigation)
    • 6.1.1.3 Security and Vulnerability Management
    • 6.1.1.4 DDoS Mitigation
    • 6.1.1.5 Security Information and Event Management
    • 6.1.1.6 Other Solutions
    • 6.1.2 Services
  • 6.2 By Deployment
    • 6.2.1 Cloud
    • 6.2.2 On-Premise
  • 6.3 By End-user Industry
    • 6.3.1 Aerospace and Defense
    • 6.3.2 Banking, Financial Services, and Insurance
    • 6.3.3 Healthcare
    • 6.3.4 Manufacturing
    • 6.3.5 Retail
    • 6.3.6 IT and Telecommunication
    • 6.3.7 Other End-user Industries

7. COMPETITIVE LANDSCAPE

  • 7.1 Company Profiles
    • 7.1.1 IBM Corporation
    • 7.1.2 Check Point Software Technologies Ltd
    • 7.1.3 AVG Technologies (Avast Software s.r.o.)
    • 7.1.4 Fortinet Inc.
    • 7.1.5 Palo Alto Networks Inc.
    • 7.1.6 Cisco Systems Inc.
    • 7.1.7 Intel Security (Intel Corporation)
    • 7.1.8 Dell Technologies Inc.
    • 7.1.9 Cyber Ark Software Ltd
    • 7.1.10 Broadcom Inc.
  • *List Not Exhaustive

8. INVESTMENT ANALYSIS

9. FUTURE OF THE MARKET

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South Korea Cyber Security Industry Segmentation

Cybersecurity solutions help organizations monitor, report, and counter cyber threats to maintain data confidentiality. The adoption of cybersecurity solutions is expected to grow in line with the rising internet penetration among developing and developed countries. The need for cybersecurity has increased as every system in today's world is connected to the internet, making data more accessible to cybercriminals.

The South Korea Cybersecurity Market is segmented by Product Type (Solutions, Services), Deployment (On-cloud, On-premise), End-user Industry (Aerospace and Defense, Banking, Financial Services, and Insurance, Healthcare, Manufacturing, Retail, IT and Telecommunication).

By Product Type Solutions Identity and Access Management
Threat Detection and Prevention (Unified Threat Management and Threat Mitigation)
Security and Vulnerability Management
DDoS Mitigation
Security Information and Event Management
Other Solutions
Services
By Deployment Cloud
On-Premise
By End-user Industry Aerospace and Defense
Banking, Financial Services, and Insurance
Healthcare
Manufacturing
Retail
IT and Telecommunication
Other End-user Industries
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South Korea Cyber Security Market Research FAQs

How big is the South Korea Cybersecurity Market?

The South Korea Cybersecurity Market size is expected to reach USD 5.06 billion in 2025 and grow at a CAGR of 15.01% to reach USD 10.18 billion by 2030.

What is the current South Korea Cybersecurity Market size?

In 2025, the South Korea Cybersecurity Market size is expected to reach USD 5.06 billion.

Who are the key players in South Korea Cybersecurity Market?

IBM Corporation, Check Point Software Technologies Ltd, AVG Technologies (Avast Software s.r.o.), Fortinet Inc. and Palo Alto Networks Inc. are the major companies operating in the South Korea Cybersecurity Market.

What years does this South Korea Cybersecurity Market cover, and what was the market size in 2024?

In 2024, the South Korea Cybersecurity Market size was estimated at USD 4.30 billion. The report covers the South Korea Cybersecurity Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the South Korea Cybersecurity Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

South Korea Cybersecurity Industry Report

Statistics for the 2025 South Korea Cybersecurity market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South Korea Cybersecurity analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.