Report Highlights
The global market for cybersecurity technologies was valued at $208.1 billion in 2023. The market is expected to grow from $229.3 billion in 2024 to $396.8 billion by the end of 2029, at a compound annual growth rate, or CAGR, of 11.6% from 2024 to 2029.
Report Includes
- 76 data tables and 71 additional tables
- Analyses of trends in the global market for cybersecurity technologies, with market revenue data from 2023, estimates for 2024, forecasts for 2025 and 2028, and projected CAGRs through 2029
- Estimate of the current market size and revenue prospects, along with a market share analysis based on solution type, security type, deployment type, organization size, end-user industry and region
- Facts and figures pertaining to the market dynamics, current and emerging technologies and the expected impact of macroeconomic factors
- Insights into the market through the Porter’s Five Forces model, value chain and supply chain analyses, and case studies
- Overview of sustainability and ESG trends, with a focus on consumer attitudes, companies’ ESG score rankings and their ESG practices
- A review of patent activity and key patent grants
- An analysis of the industry structure, including companies’ market shares, merger and acquisition activity and venture funding
- Profiles of the leading companies, including Cisco Systems Inc., IBM, Microsoft Corp., Accenture and Palo Alto Networks Inc.
Report Scope
This report provides an overview of the global cybersecurity market. It includes base year data from 2023 and projected data from 2024 to 2029. The report analyzes the global market revenue ($ billions) by segment (security type, solution type, deployment mode, organization size, end-user industry) and region (North America, Europe, Asia-Pacific, and Rest of the World).
The report examines the trends and challenges driving the market and the companies operating in it. It analyzes environmental, social and corporate governance (ESG) developments, patents and new technologies, as well as funding for startups. The report also examines the competitive landscape and provides profiles of leading companies as well as interesting startups.
Report Synopsis
| Report Metrics | Details | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2023 | ||||||||||||||||||||
| Forecast period considered | 2024 to 2029 | ||||||||||||||||||||
| Base year market size | $208.1 Billion | ||||||||||||||||||||
| Market size forecast | $396.8 Billion | ||||||||||||||||||||
| Growth rate | CAGR of 11.6% during 2024-2029 | ||||||||||||||||||||
| Units considered | $ Billions | ||||||||||||||||||||
| Segments covered | By Security Type, Solution Type, Deployment Mode, Organization Size, End-User Industry, and Region | ||||||||||||||||||||
| Regions covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) | ||||||||||||||||||||
| Countries covered | U.S., Canada, Mexico, Germany, U.K., France, Rest of Europe (Russia, Ukraine, Italy and Spain), China, Japan, India, Rest of Asia-Pacific (South Korea, Taiwan, Australia), Brazil, Saudi Arabia and Iran | ||||||||||||||||||||
| Key Market Drivers |
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| Companies studied |
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Frequently Asked Questions (FAQs)
- Increasing ransomware and target-based cyberattacks.
- Growing digital transformation initiatives.
- Accelerating online financial transactions.
- Rising adoption of e-commerce and e-governance.
Analyst Credentials
Masaratjahan Kudle – Associate Consultant – Technology Research
Masaratjahan Kudle is a highly skilled market research consultant with six years of experience in the technology domain. She has a strong background in data analysis and is highly skilled in gathering and interpreting market intelligence to drive business growth. Masaratjahan has worked with numerous clients throughout her career, helping them make informed decisions about their market strategies. She holds a Computer Science and Engineering degree.
Consulting Editor’s Credentials
Jason Chen has been an analyst and consultant for the polymer, composite, fibre, textile and energy industries for 19 years. He works as a researcher, writer and/or editor for the American Composites Manufacturers Association (ACMA), China Textile Academy (CTA), China Chemical Fiber Association (CCFA), International Fiber Journal, Filtration News, Platts Emission Daily, Vision Systems Design, Pesticide and Toxic Chemical News and MobileTex. He has a degree in Civil Engineering, Chemicals and Advanced Materials from Shantou University.
Report Highlights
The global cybersecurity technologies market should reach $367.3 billion by 2026 from $205.4 billion in 2021 at a compound annual growth rate (CAGR) of 12.3% for the forecast period of 2021 to 2026.
Report Highlights
The global cyber security market should reach $267.2 billion by 2024 from $142.9 billion in 2019 at a compound annual growth rate (CAGR) of 13.3% for the forecast period of 2019 to 2024.
Report Highlights
The global cyber security market will grow from $85.3 billion in 2016 to $187.1 billion by 2021 with a compound annual growth rate (CAGR) of 17.0% for the period of 2016-2021.
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