• +918149924059
  • sales@factviewresearch.com

Global Cyber Security Market by Component (Solution,Services), Security Type, Organization Size, Deployment Type, Vertical and Region and Global Forecast 2023-2030
  • Published Date: Aug, 2023
  • |
  • Pages: 200
  • |
  • Industry:
  • |
  • Format: PDF
  • |
  • Share:

  • Report Summary
  • Table of Contents
  • Segmentation
  • Methodology
  • Download Sample

Cyber Security Market was valued at US $183.20 BN in 2022 and is expected to reach US $370.2 BN by 2030, growing at a CAGR of 9.5% during the forecast period 2023 – 2030.

Cyber security has become one of the most crucial aspect for enterprise as well as for consumer as it has impacted, every aspect of our work as well as personal life. The first ever cyber-attack, “Morris worm” was reported way back in the year 1998, and since then the cyber-attacks have not only grown but have become much more sophisticated, which has resulted in enterprises and individuals paying a huge penalty both in terms of dollar as well as brand image.

IMPACT OF COVID 19 on Cyber Security Market

Cyber security growth driven by increased spending in regulated industries such as banking, healthcare and government and defence.

The Covid-19 pandemic had a huge impact on working of individuals as enterprises had to move from an offline working to online working immediately due to the government regulations. Many of enterprises, has very little time for this change, due to which cyberattacks saw a rapid increase. For instance, Switzerland there were 350 cyber-attacks in April 2020 as compared to 100-150 cyber-attacks.  Attackers saw, Covid 19 as an opportunity to expand their reach, where approximately USD 13 million was loss in cyber-attacks since January 2020.

Considering these factors, the Covid-19 had a negative impact on the cyber security market, but this negative impact was temporarily as spending on cyber security solutions and services increased significantly in the coming years.

Current Cyber Security Trends:

Cyber-attacks are becoming more sophisticated, and it is estimated that approx. USD 10.5 trillion will be loss due to cyber attacks.

In the current digital world, we live in cyber-attacks have become more frequent and with the Covid -19 pandemic, cyber-attacks have gone to another level. It is estimated that companies by 2025, will lose close to USD 10.5 trillion by 2025, which is around 3 times as compared to 2015, where the losses due to cyber-attack where approximately 3 trillion. Enterprises globally are adopting new methods to mitigate cyber-attacks, where according to a report published by Embraer, the total spending on cyber security products cumulatively will be in the range of USD 1 trillion for a period of 2017 to 2021.

Cyber Security Market Growth Projections

Driving forces for the Cyber Security Market

Increasing adoption of emerging technologies across enterprises of all sizes.

One of the factors that has really increased the adoption of cyber security is the adoption of new technologies by enterprises globally. According to Dataprot, one of the cyber security solution provider, the number of active IoT devices by 2030 will be approx. 26 billion .  Other emerging technologies such as artificial intelligence, 3d printing, edge computing, extended reality and others are also seeing rapid advancements in terms of enterprise adoption where these technologies are supposed to growth  in the range of 25 ~ 40% for the next five years.

This rapid rise will in turn fuel the adoption of cyber security as these technologies will be accessible over the internet and providing reliable networks will be at the core for these IoT vendors. Coupled with reliability factors such as blocking malware, identifying  and mitigating threats will also be at centre stage for enterprises providing these emerging solution and services.


Lack of skilled cyber security professionals

The cyber security market has seen a rapid growth in the largest 5-10 years, but the major the challenge that the industry is facing is lack of skilled cyber professionals. With the advancements and sophistication in cyber-attacks, there is a continuous demand for workforce who are up to date and can mitigate these attacks. Enterprises over the globe are facing this challenge, where according to a  survey conducted by the BlackFog with 500 Cybersecurity leaders and decision makers, 32% claimed that the security team did not have the right tool set to support a new cyber security product. 


Services will outgrowth solution in terms of growth for the next five years

The component segment is segmented into solutions and services. Within the component segment, the services will have a higher growth rate as compared to solutions. The reason for this high growth rate can be attributed to need for manage the existing the cyber security infrastructure, network upgradation, maintenance, patch updates and others.

Deployment Type

The deployment type is further categorised into cloud and on premise. Within the deployment type, cloud-based security solutions are the front runners in adoption, and this trend will continue for the next five years. Presence of specialist cloud based security providers, on the go solutions, easy of network maintenance are some of the factors that are driving the cloud based adoption.

Vertical Level Analysis

The report also provided the adoption rate of cyber security solution and services among industry verticals namely banking financial services and insurance, Healthcare and Lifesciences, Government and Défense, consumer goods and retail, information and technology, manufacturing, energy. Among these industries the healthcare and life sciences vertical is expected to have the highest adoption in coming years.

Healthcare and life sciences, are becoming a lucrative target for cyber criminals, as this vertical has sensitive information. From the end users perspective, healthcare institutions have the entire patient medical history, their personal information, bank details which are of immense value for these criminals. On the other front clinical research, patented technologies data are also valuable for attackers as access to this data can fetch lucrative values in the black market.  

The report categories the cyber security market in five regions: North America, Europe, Asia Pacific, Middle East and Africa and Latin America. North America, is the leader in terms of adoption where this region alone contributes 35~ 38% to the global market. The regions boasts of huge presence of cyber security solution providers , coupled with higher It budgets among industries are some of the major factors that are driving the adoption of cyber security solutions.

In the recent white house budget of USD 5.9 trillion, 11% , ie. Almost USD 2.5 billion has been allocated to Cybersecurity and Infrastructure Security Agency (CISA). The amount is almost USD 500 million more as compared to last year.

Vendor Strategy

To expand their presence in the cyber security market vendors are going the organic route, where they are focusing their attention on product development, product enhancement and expanding their presence both footprint wise as well as coming up expanding their portfolio of solution and services.

For instance, Fortinet which is one of the top cyber security provider,  in the last two year has enhanced is portfolio, by launching managed cloud native firewall services, launching of SASE solution, firewall for hyperscale data center , digital risk protection service along with other enhancement. A similar tends can be see among other vendors as well, where Palo Alto launched autonomous security platform, added out of band we b application and API security along with other enhancements.

  • Fortinet
  • Palo Alto Networks
  • Cisco
  • IBM
  • Microsoft
  • Zscaler
  • Broadcom
  • Sophos
  • Proofpoint
  • Trend Micro
  • Crowdstrike
  • OneTrust
  • Okta
  • Zscalaer
  • Rapid7
  • Checkpoint
  • RSA
  • Splunk

For more information about companies covered please refer the TOC

  • On November 2022, Palto Alto acquired Cider Security, one of the top vendors specializing in application security. The acquisition falls right in the company vsison, where the compant wants to provide security across the application lifecycle right from coding to cloud delivery
  • On Aprill 2022, Fortinet launched Security and Awareness training services for enterprises globally. This new service addition, is in line with the current cyber attacks trends where at least 73% of the threats were due to gap in employees cyber security skills
  • On November 2022, Cisco further strengthened its zero trust , network security portfolio by adding new capabilities to this areas. This innovations will further drive the, global vison of the company to provide security to entire IT ecosystem for end users

Report Components Details


Base Year


Estimated Year


Market Size

USD Billion

  • Solution
  • Services
  • Idetity Access Management
  • Ddos
  • Antivirus
  • Log Management
  • Threat Prevntion
  • Siem
  • Ids/Ips
  • Disaster Recovery
  • Firewall
  • Web Filtering
  • Data Loss Prevention
  • Other Software
  • Professional Services
  • Managed Services
Security Type
  • Network Secuirty
  • Cloud Security
  • Application Security
  • Endpoint Security
Organization Size
  • Small and Medium Enterprises
  • Large Enterprises
Deployment Type
  • Cloud
  • On Premises

Table of Contents

1.... Introduction

1.1             Objective of the report

1.2             market definition

1.3             Report Scope

1.3.1             Report in scope

1.3.2              out of scope

1.4             currency considered

1.5             stakeholders

2.... Research Methodology

2.1             DAta Sources

2.1.1             paid Data bases

2.1.2              secodnary data sources

2.2             Market size estimation

2.2.1              TOP-DOWN APPROACH

2.2.2              BOTTOM-UP APPROACH

3.... Executive Summary

4.... Market Forces

4.1             Introduction

4.2             drivers

4.2.1              Increasing adoption of emerging technologies acrss enterprises

4.3             restraints

4.3.1              inadequate cyber professionals

4.4             opportunities

4.4.1              cyber regulations

5.... CYBER SECURITY MARKET, By component

5.1             Introduction

5.2             Software

5.3             Services


6.1             Introduction

6.2             idetity access management

6.3             DDos

6.4             antivirus

6.5             Log Management

6.6             threat prevntion

6.7             SIEM

6.8             ids/ips

6.9             Disaster recovery

6.10          Firewall

6.11          Web filtering

6.12          data loss prevention

6.13          other software



7.1             Introduction

7.2             professional services

7.3             Managed services


8.... CYBER SECURITY MARKET, By Security Type

8.1             Introduction

8.2             network secuirty

8.3             cloud security

8.4             application security

8.5             endpoint security


9.... CYBER SECURITY MARKET, By Organization Size

9.1             Introduction

9.2             small and medium enterprises

9.3             large enterprises

10.. CYBER SECURITY MARKET, By Deployment Type

10.1          Introduction

10.2          cloud

10.3          on premises           


11.1          Introduction

11.2          banking financial services and insurance

11.3          healthcare and lifesciences

11.4          government and defense

11.5          consumer goods and retail

11.6          information technology

11.7          manufacturing control

11.8          energy

11.9          other 

12.. North America Cyber SECURITY MARKET, By Segment

12.1          Introduction

12.2          by software

12.2.1             identity and access management

12.2.2              DDos

12.2.3             antivirus

12.2.4              log management

12.2.5             threat prevention

12.2.6              siem

12.2.7              ids/ips

12.2.8              disaster recovery

12.2.9              firewall  

12.2.10           web filtering

12.2.11           data loss prevention

12.2.12           others of europe

12.3          By Service

12.3.1             identity professional services

12.3.2              managed services

12.4          By Security Type

12.4.1             identity network security

12.4.2              cloud security

12.4.3             application security

12.4.4              endpoint security

12.5          by organization size

12.5.1             smes

12.5.2              large enterprises security

12.6          by deployement type

12.6.1             cloud

12.6.2              on premises

12.7          By Vertical

12.7.1             Banking financial services and insurance

12.7.2             healthcare and lifesciences

12.7.3             government and defense

12.7.4             consumer goods and retail

12.7.5             information technology

12.7.6             manufacturing

12.7.7             energy

12.7.8             others

12.8          By Country

12.8.1             us

12.8.2             canada


13.. europe cyber SECURITY MARKET, By segment

13.1          Introduction

13.2          by software

13.2.1             identity and access management

13.2.2              DDos

13.2.3             antivirus

13.2.4              log management

13.2.5             threat prevention

13.2.6              siem

13.2.7              ids/ips

13.2.8              disaster recovery

13.2.9              firewall  

13.2.10           web filtering

13.2.11           data loss prevention

13.2.13           others of europe

13.3          by service

13.3.1             identity professional services

13.3.2              managed services

13.4          by security type

13.4.1             identity network security

13.4.2              cloud security

13.4.3             application security

13.4.4              endpoint security

13.5          by organization size

13.5.1             smes

13.5.2              large enterprises security

13.6          by deployement type

13.6.1             cloud

13.6.2              on premises

13.7          by vertical

13.7.1          banking financial services and insurance

13.7.2             healthcare and lifesciences

13.7.3             government and defense

13.7.4             consumer goods and retail

13.7.5             information technology

13.7.6             manufacturing

13.7.7             energy

13.7.8             others

13.8          by country

13.8.1             uk

13.8.2             germany

13.8.3             france

13.8.4             italy

13.8.5             spain

13.8.6             rest of europe

14.. Asia Pacific Cyber SECURITY MARKET, By Segment

14.1          Introduction

14.2          by software

14.2.1             identity and access management

14.2.2              DDos

14.2.3             antivirus

14.2.4              log management

14.2.5             threat prevention

14.2.6              siem

14.2.7              ids/ips

14.2.8              disaster recovery

14.2.9              firewall  

14.2.10           web filtering

14.2.11           data loss prevention

14.2.13           others of europe

14.3          by service

14.3.1              professional services

14.3.2              managed services

14.4          by security type

14.4.1             identity network security

14.4.2              cloud security

14.4.3             application security

14.4.4              endpoint security

14.5          by organization size

14.5.1             smes

14.5.2              large enterprises

14.6          by deployement type

14.6.1             cloud

14.6.2              on premises

14.7          by vertical

14.7.1             banking financial services and insurance

14.7.2             healthcare and lifesciences

14.7.3             government and defense

14.7.4             consumer goods and retail

14.7.5             information technology

14.7.6             manufacturing

14.7.7             energy

14.7.8             others

14.8          by country

14.8.1             india

14.8.2             china

14.8.3             japan

14.8.4             singapore

14.8.5             rest of  asia pacific


15.. Middle East and Africa Cyber SECURITY MARKET, By Segment

15.1          Introduction

15.2          by software

15.2.1             identity and access management

15.2.2              DDos

15.2.3             antivirus

15.2.4              log management

15.2.5             threat prevention

15.2.6              siem

15.2.7              ids/ips

15.2.8              disaster recovery

15.2.9              firewall  

15.2.10           web filtering

15.2.11           data loss prevention

15.2.13           others of europe

15.3          by service

15.3.1              professional services

15.3.2              managed services

15.4          by security type

15.4.1             identity network security

15.4.2              cloud security

15.4.3             application security

15.4.4              endpoint security

15.5          by organization size

15.5.1             smes

15.5.2              large enterprises

15.6          by deployement type

15.6.1             cloud

15.6.2              on premises

15.7          by vertical

15.7.1             banking financial services and insurance

15.7.2             healthcare and lifesciences

15.7.3             government and defense

15.7.4             consumer goods and retail

15.7.5             information technology

15.7.6             manufacturing

15.7.7             energy

15.7.8             others

15.8              by country

15.8.1             ksa

15.8.2             turkey

15.8.3             south africa

15.8.4             israel

15.8.5             rest of  Mea

16.. Latin America Cyber SECURITY MARKET, By Segment

16.1          Introduction

16.2          by software

16.2.1             identity and access management

16.2.2                 DDos

16.2.3                antivirus

16.2.4                 log management

16.2.5                threat prevention

16.2.6                 siem

16.2.7                 ids/ips

16.2.8                 disaster recovery

16.2.9                 firewall  

16.2.10              web filtering

16.2.11              data loss prevention

16.2.13              others of europe

16.3              by service

16.3.1             professional services

16.3.2               managed services

16.4              by security type

16.4.1             identity network security

16.4.2             cloud security

16.4.3             application security

16.4.4               endpoint security

16.5              by organization size

16.5.1             smes

16.5.2                 large enterprises

16.6              by deployement type

16.6.1             cloud

16.6.2                 on premises

16.7              by vertical

16.7.1             banking financial services and insurance

16.7.2             healthcare and lifesciences

16.7.3             government and defense

16.7.4             consumer goods and retail

16.7.5             information technology

16.7.6             manufacturing

16.7.7             energy

16.7.8             others

16.8              by country

16.8.1             mexico

16.8.2             brazil

16.8.3             rest of  Mea latin america

17.... Company  Landscape

17.1              vendor strategy

17.1.1               partnerships, agreements, and collaborations

17.1.2               Expanisons and product innovations

17.1.3               market share analysis

17.1.4               partnerships, agreements, and collaborations



18.. Company Profiles

18.1          Fortinet

18.1.1            company overview

18.1.2            solutions and services description

18.1.3            Recent Developments

18.1.4            analyst view

18.2          Palo alto networks verify

18.2.1            company overview

18.2.2            solutions and services description

18.2.3            Recent Developments

18.2.4            analyst view

18.3          Cisco

18.3.1            company overview

18.3.2            solutions and services description

18.3.3            Recent Developments

18.3.4            analyst view

18.4          Ibm

18.4.1            company overview

18.4.2            solutions and services description

18.4.3            Recent Developments

18.4.4            analyst view

18.5          Microsoft

18.5.1            company overview

18.5.2            solutions and services description

18.5.3            Recent Developments

18.5.4            analyst view

18.6          Zscaler

18.6.1            company overview

18.6.2            solutions and services description

18.6.3            Recent Developments

18.6.4            analyst view

18.7          Broadcom

18.7.1            company overview

18.7.2            solutions and services description

18.7.3            Recent Developments

18.7.4            analyst view

18.8          Sophos

18.8.1            company overview

18.8.2            solutions and services description

18.8.3            Recent Developments

18.8.4            analyst view

18.9          Proofpoint

18.9.1            company overview

18.9.2            solutions and services description

18.9.3            Recent Developments

18.9.4            analyst view

18.10        Trend Micro

18.9.1            company overview

18.9.2            solutions and services description

18.9.3            Recent Developments

18.9.4            analyst view


18.11        other major vendors

18.11.1         Crowdstrike

18.11.2         onetrust

18.11.3         Okta

18.11.4         Zscalar

18.11.5         Rapid7

18.11.6         checkpoint

18.11.7         Rsa

18.11.8         Splunk

Global Cyber Security Market Segmentation

Cyber Security by Component: Market Size & Forecast 2023-2030

  • Solution
  • Services

Cyber Security by Solution: Market Size & Forecast 2023-2030

  • Idetity Access Management
  • Ddos
  • Antivirus
  • Log Management
  • Threat Prevntion
  • Siem
  • Ids/Ips
  • Disaster Recovery
  • Firewall
  • Web Filtering
  • Data Loss Prevention
  • Other Software

Cyber Security by Services: Market Size & Forecast 2023-2030

  • Professional Services
  • Managed Services

Cyber Security by Security Type: Market Size & Forecast 2023-2030

  • Network Secuirty
  • Cloud Security
  • Application Security
  • Endpoint Security

Cyber Security by Organization Size: Market Size & Forecast 2023-2030

  • Small and Medium Enterprises
  • Large Enterprises

Cyber Security by Deployment Type: Market Size & Forecast 2023-2030

  • Cloud
  • On Premises

Cyber Security by Geography: Market Size & Forecast 2023-2030

  • North America (USA, Canada, Mexico)
  • Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
  • South America (Brazil, Argentina, Columbia, Rest of South America)
  • Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Major Players:

  • Symantec Corporation
  • McAfee, LLC
  • Trend Micro Incorporated
  • Cisco Systems, Inc.
  • Palo Alto Networks, Inc.
  • Fortinet, Inc.
  • Check Point Software Technologies Ltd.
  • FireEye, Inc.
  • IBM Corporation
  • CrowdStrike Holdings, Inc.
  • Sophos Group plc
  • Kaspersky Lab
  • Bitdefender
  • RSA Security LLC
  • CyberArk Software Ltd.
  • F-Secure Corporation
  • Rapid7, Inc.
  • Proofpoint, Inc.
  • Darktrace Ltd.
  • Akamai Technologies, Inc.
  • Carbon Black, Inc.
  • Juniper Networks, Inc.
  • Splunk Inc.
  • Zscaler, Inc.
  • SecureWorks, Inc.

Frequently Asked Questions

Get Your Customized Report