Turkey Cybersecurity Market Size
| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Historical Data Period | 2019 - 2023 |
| CAGR | 9.02% |
| Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Turkey Cybersecurity Market Analysis
The Turkey Cybersecurity Market is expected to register a CAGR of 9.02% during the forecast period.
- With the growth of cyberattacks in Turkey, many organizations are investing in advanced cybersecurity solutions for protecting assets and data. Moreover, investing in firewall protection services safeguards information assets in data centers or on the customer's premises, as outlined by the company. Using advanced products ensures the confidentiality and integrity of the data. Thus, many organizations are investing in managed security service providers to handle complex cybersecurity needs.
- In May 2024, according to the data from the Turkish information body, the country's Cyber Incident Response Center scans more than 17 million IP addresses in Turkey for vulnerabilities with its “Hurricane” software, which faces around 13 million attacks per day.
- Turkish regulatory frameworks such as the Personal Data Protection Law and other cybersecurity regulations insist organizations enhance their cybersecurity compliance measures. While Turkish legislation lacks specific cybersecurity laws, it addresses protecting personal data. For instance, article 136 of the Turkish Criminal Code stipulates that the unauthorized disclosure of personal data can lead to criminal charges, carrying a penalty of two to four years of imprisonment. For legal entities, this can also include security measures like asset seizure. Moreover, these penalties are subject to a 50% increase for aggravated offenses.
- There is a shortage of cybersecurity talent in the country. The lack of skilled cybersecurity professionals hinders the ability of organizations to implement and manage effective security measures. Moreover, implementing a comprehensive cybersecurity solution is expensive, involving high upfront costs for organizations with limited budgets, which is a challenge for SMEs operating in the country.
Turkey Cybersecurity Market Trends
Cloud Security to Witness Significant Growth
- Businesses increasingly recognize the cost and resource savings associated with migrating data to cloud security solutions. This awareness fuels the demand for cloud security solutions due to their capabilities concerning crucial security features, including standards compliance, intrusion prevention, and detection. With a large number of benefits, cloud security platforms and ecosystems are expected to witness growth.
- The rapid evolution of technology has propelled cybercrime to the forefront of global threats, affecting individuals, businesses, and government organizations. Turkey is investing in digital expansion and is facing the challenges of cyber offenses. For instance, an analysis by Kaspersky shows that, at the beginning of 2023, around 45% of ICS computers in Turkey encountered various malicious threats, surpassing the global average of 38%.
- Turkish-language underground hacking and fraud forums serve as a shelter for criminal hackers, offering anonymity for networking and advertising. These forums, alongside messaging apps, facilitate the exchange and trade of hacking tools for attacks like credential stuffing. The industries that hit hardest include e-commerce, banking, and insurance. Thus, organizations are investing in cloud solutions for data security.
- Moreover, small- and medium-sized enterprises in Turkey are increasingly adopting cloud security services, creating a substantial market for affordable and scalable cloud solutions that are tailored to the specific needs of the clients. Cloud security solutions operate on the subscription models, reducing the need for significant upfront costs involved in hardware and software. These models are beneficial for SMEs with limited budgets. As per the Turkish Statistical Institute, 99.7% of the enterprises operating in the country are SMEs, and they create 71% of the jobs in the country, thus driving the growth of the market.
- Additionally, there is a trend of using AI and machine learning in cloud security, which is becoming prevalent. These technologies are integrated into cloud security solutions to improve threat detection and response times. They facilitate the identification of patterns and indicate potential security threats. AI-driven behavioral analytics are used to monitor user activities and detect suspicious behaviors, enhancing overall security.
BFSI to be the Major End-user Industry
- The financial sector in the country is subject to various regulatory requirements for data protection and cybersecurity, both locally, such as Turkey's Personal Data Protection, and Internationally, like GDPR. Such regulatory compliances necessitate investment in cybersecurity measures.
- Cybersecurity plays a pivotal role in banking and financial services, primarily aimed at protecting consumer assets. As cashless transactions become increasingly prevalent, a larger portion of consumers prefer online checkouts and credit card terminals. Yet, this transition increases the vulnerability of personally identifiable information (PII) to unauthorized access and potential misuse.
- According to Kaspersky's data, Turkey has experienced a significant growth in cyberattacks, with phishing attempts leading the surge. In Q3 of 2023 alone, phishing attacks rose by 20% from the previous quarter and increased by 47% from Q3 of 2022. These attacks, known for their deceptive nature, target sensitive user data, including passwords, credit card information, and banking details.
- The growing fintech sector in Turkey offers innovative opportunities for cybersecurity firms to provide specialized solutions for new digital financial products. By 2023, the fintech landscape had 696 active companies, signifying the growing faith in digital financial solutions. Acknowledging fintech's potential to bolster economic growth and financial inclusivity, the Turkish government rolled out regulatory frameworks.
- As awareness of cyber risks grows, the market for cyber insurance products is expanding, aiding BFSI companies in the country to cushion the financial blow from cyberattacks. The surge in digital banking customers has led to increased device usage and data points for transactions, heightening vulnerability to potential cyber threats. Eurostat data reveals that online banking penetration in Turkey stands at about 61.95 percent, underscoring the critical need for transaction security to uphold consumer trust and avert financial losses.
Turkey Cybersecurity Industry Overview
The Turkish cybersecurity market is semi fragmented, with the presence of major players like Cyberwise, ProActiveCyber Technologies BV, and ADEO adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.
January 2024: Taurus, a digital asset technology firm, announced a strategic alliance with Cyberwise, a cybersecurity solutions provider in Turkey. Under this collaboration, Cyberwise facilitates integrating and rolling Taurus' digital asset platform, focusing on its hardware-based encryption solutions for clients in the Turkish banking and corporate sectors. Using its cybersecurity expertise, Cyberwise plans to assist in HSM (Hardware Security Module) installations and conduct secure key ceremonies, ensuring a swift and safe transition to the live environment tailored to the unique demands of enterprise clients.
Turkey Cybersecurity Market Leaders
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Cyberwise
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ProActiveCyber Techologies B.V. (Prodaft)
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ADEO
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IBM Turkey
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Sabancı Digital Technology Services Inc.
- *Disclaimer: Major Players sorted in no particular order
Turkey Cybersecurity Market News
- October 2024: Kaspersky launched Appicenter, a content distribution platform tailored for devices running on KasperskyOS. The inaugural product to leverage Appicenter's capabilities is the Kaspersky IoT Secure Gateway (KISG). With Appicenter, Kaspersky is broadening the horizons of its Cyber Immune IoT Gateway, introducing diverse business scenarios and extending its reach across various industries. Both Kaspersky IoT Secure Gateway 3.0 and the newly launched Kaspersky Appicenter are now accessible in the Middle East and Türkiye.
- July 2024: MONITORAPP Inc., a cybersecurity company specializing in cloud security, has announced its strategic entry into the Middle East and Africa markets. This expansion is facilitated through partnerships with Türkiye's ALRIFAI Consulting Group and Mauritius' LITHE SD. These agreements represent MONITORAPP's first major step into these regions as part of its global growth strategy.
Turkey Cybersecurity Industry Segmentation
The TuTurkey cybersecurity market is defined based on the revenues generated from the solutions and services used in various end-user industries across the world. 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 Turkey cybersecurity market is segmented by offerings (solutions [application security, cloud security, data security, identity access management, infrastructure protection, integrated risk management, network security, end-point security, and other solution types] and services [professional services and managed services]), by deployment (On-premise, and cloud), by organization size (SMEs, large enterprises), by end-user vertical (BFSI, healthcare, IT and telecom, industrial and defense, retail, energy and utilities, manufacturing, and other end-user industries). 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 Equipment | |||
| End point Security | |||
| Other Solutions | |||
| Services | Professional Services | ||
| Managed Services | |||
| By Deployment Mode | Cloud | ||
| On-Premise | |||
| By Organization Size | SMEs | ||
| Large Enterprises | |||
| By End User | BFSI | ||
| Healthcare | |||
| IT and Telecom | |||
| Industrial & Defense | |||
| Retail | |||
| Energy and Utilities | |||
| Manufacturing | |||
| Others | |||
| Solutions | Application Security |
| Cloud Security | |
| Data Security | |
| Identity and Access Management | |
| Infrastructure Protection | |
| Integrated Risk Management | |
| Network Security Equipment | |
| End point Security | |
| Other Solutions | |
| Services | Professional Services |
| Managed Services |
| Cloud |
| On-Premise |
| SMEs |
| Large Enterprises |
| BFSI |
| Healthcare |
| IT and Telecom |
| Industrial & Defense |
| Retail |
| Energy and Utilities |
| Manufacturing |
| Others |
Turkey Cybersecurity Market Research Faqs
What is the current Turkey Cybersecurity Market size?
The Turkey Cybersecurity Market is projected to register a CAGR of 9.02% during the forecast period (2025-2030)
Who are the key players in Turkey Cybersecurity Market?
Cyberwise, ProActiveCyber Techologies B.V. (Prodaft), ADEO, IBM Turkey and Sabancı Digital Technology Services Inc. are the major companies operating in the Turkey Cybersecurity Market.
What years does this Turkey Cybersecurity Market cover?
The report covers the Turkey Cybersecurity Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Turkey Cybersecurity Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
Page last updated on: April 28, 2025
Turkey Cybersecurity Industry Report
Statistics for the 2025 Turkey Cybersecurity market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Turkey 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.
