Cyber Security Market Size, Share, Value, Analysis 2034

The global cyber security market size was worth around USD 188.87 Billion in 2024 and is predicted to grow to around USD 401.91 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 7.8% between 2025 and 2034. The report analyzes the global cyber security market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the cyber security industry.

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Cyber Security Market: Synopsis

Cyber security is the use of technologies, processes, and controls for protecting networks, devices, and confidential data from cyber-attacks. Furthermore, cyber security tools also protect computer system against theft, information disclosure, and software & hardware damage as well as disruption of electronic information in coded format. Moreover, there are various kinds of cyber threats including malware, formjacking, backdoors, cryptojacking, DNS poisoning attacks, and DDoS attacks. Hence, to counter such cyber-attacks, strong cyber security has become a need of the moment.    

Key Insights

• As per the analysis shared by our research analyst, the global cyber security market is estimated to grow annually at a CAGR of around 7.8% over the forecast period (2025-2034).
• Regarding revenue, the global cyber security market size was valued at around USD 188.87 Billion in 2024 and is projected to reach USD 401.91 Billion by 2034.
• The cyber security market is projected to grow at a significant rate due to increasing cyber threats, data breaches, and regulatory compliance requirements are major factors driving demand for cybersecurity solutions.
• Based on Security Type, the Network Security segment is expected to lead the global market.
• On the basis of Solution, the Identity And Access Management (IAM) segment is growing at a high rate and will continue to dominate the global market.
• Based on the Vertical, the Aerospace segment is projected to swipe the largest market share.
• Based on region, North America is predicted to dominate the global market during the forecast period.

Cyber Security Market: Growth Dynamics

Rise in cybercrimes over last few years has led to massive financial losses for business, thereby boosting demand for cyber security systems. Additionally, rise in use of e-commerce tools and breakthroughs in disruptive technologies including AI and connected things has resulted in surge of cyber-crimes that can take undue advantage of weak cyber-security. Hence, need for strong cyber-security due to growing cyber security concerns will drive market trends. In addition to this, rise in need for cloud security has resulted in massive necessity of cyber security technologies, thereby boosting cyber security market trends.

Furthermore, rapid expansion of security services in healthcare, manufacturing, and government sectors will proliferate size of cyber security market. In addition to this, key players are focusing on introducing robust security solutions for safeguarding industrial functions along with combating cyber terrorism. This will promulgate scope of cyber security market growth. Citing an instance, in December 2020, IBM Corporation introduced IBM security X-Force for determining cyber-attacks. Apart from this, the firm introduced phishing campaign across nearly six countries.

The cyber security market has shown exponential growth in past few years. The major driving factor for the global cyber security market is increasing the stringency of government regulations and growing cyber threats. Demand for integrated cyber solutions is another key factor anticipated to drive the market growth in the years to come. Furthermore, rising severity of cyber-crimes, the popularity of cloud security, rapid adoption of cloud computing, data center, and wireless communication are expected to boost the cyber security market in the near future. However, lack of effective defense major is expected to hamper the market growth. Growing demand for cyber security products and services is expected to open up new growth opportunities in the forecast period.

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Cyber Security Market: Segmentation

Based on security types, the global cyber security market is segmented into network security, cloud security, wireless security and others. Among all, network security was the leading type segment of the global cyber security market. It accounted more than 40% shares of the overall market in 2015. On the basis of solution cyber security market is classified into identity and access management (IAM), encryption, risk and compliance management, data loss prevention, antivirus and antimalware, firewall and others. Based on vertical of cyber security, the market is segmented into categories such as aerospace, government, financial services, telecommunication, healthcare, and others.

Cyber Security Market: Report Scope    

Cyber Security Market: Regional Landscape

North America Cyber Security Market To Expand Leaps & Bounds By 2028

Growth of cyber security market in North America over forecasting timeframe is subject to rise in high section security breaches leading to humungous demand for cloud application security solutions in countries such as Canada and the U.S. Rise in online e-commerce tools will provide impetus to expansion of cyber security market in North America. Reportedly, regional government executes modern network security protocols     for providing improved secured measures for firms.

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Cyber Security Market: Competitive Landscape

Key participants profiled in report and influencing growth of market are:

• McAfee Corp.
• Symantec Corporation
• Zscaler, Inc.
• Microsoft Corporation
• Booz Allen Hamilton Holding Corporation
• Sophos Ltd.
• IBM Corporation
• Northrop Grumman Corporation
• Palo Alto Networks, Inc.
• Broadcom, Inc.
• Fortinet, Inc.
• Cisco Systems, Inc.

The global Cyber Security  Market is segmented as follows:

By Security Type

• Network Security
• Cloud Security
• Wireless Security
• Others

By Solution

• Identity And Access Management (IAM)
• Encryption
• Risk And Compliance Management
• Data Loss Prevention
• Antivirus & Antimalware
• Firewall
• Others

By Vertical

• Aerospace
• Government
• Financial Services
• Telecommunication
• Healthcare
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa