Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Cyber Security Market Share

Solution components boost the cyber security industry revenue by incorporating advanced threat detection technologies such as AI, machine learning, and behavioural analytics

Network security solutions, including firewalls, intrusion detection systems (IDS), and secure web gateways, safeguard organizational networks from unauthorized access, malware infections, and denial-of-service (DoS) attacks, supporting the cyber security demand growth.

 

Managed security services providers offer outsourced monitoring, management, and response to cybersecurity threats and incidents. This includes continuous monitoring of IT environments, threat detection, incident response, and remediation.

 

Cloud security contributes to the cyber security market revenue by offering capabilities such as threat detection, incident response, and forensic analysis specifically tailored to cloud environments

CASBs play a crucial role in cloud security by providing visibility, compliance, and data security across multiple cloud platforms. These solutions enable organizations to monitor and control user access, enforce security policies, and detect anomalous activities in real-time, enhancing overall cloud security posture.

 

Endpoint security solutions encompass a range of capabilities beyond traditional antivirus software. They include endpoint detection and response (EDR), endpoint protection platforms (EPP), application control, device encryption, and vulnerability management.

 

Healthcare enhances the cyber security market by increasing investment in cybersecurity training and awareness programs for their staff to reduce the risk of human error and insider threats

The healthcare supply chain involves multiple stakeholders, including pharmaceutical companies, manufacturers, and service providers. Ensuring the security of the supply chain from cyber threats is essential to prevent disruptions and protect sensitive information.

 

Government and defence agencies are responsible for protecting critical national infrastructure, military data, and sensitive information. Cybersecurity is crucial to safeguarding national security against cyber espionage, cyber warfare, and terrorist activities.

 

Cyber Security Market Report Snapshots

Cyber Security Market Size

Cyber Security Market Growth

Cyber Security Market Trends

Cyber Security Market Share

Cyber Security Companies

Cyber Security Market Regional Analysis

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The cyber security market was valued at USD 236.75 billion in 2023.

The market is projected to grow at a CAGR of 8.8% between 2024 and 2032.

The revenue generated from the market is expected to reach USD 506.79 billion in 2032.

The major drivers of the market include rising disposable incomes, and growing cyber-attacks.

The growing demand for advanced cyber protection in both government and private firms and the rising integration of advanced technologies like AI and IoT are expected to be the key trends guiding the growth of the market.

The market is broken down into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

The market is categorised according to the component, which includes solution and services.

The deployments for cyber security include cloud and on-premises, among others.

The market is categorised according to the security type, including cloud security, application security, endpoint security, data security, network security, infrastructure protection, and others.

Based on the organisation size, the market is divided into large enterprises, small and medium enterprises, and others.

Based on the end use, the market is divided into BFSI, government and defence, energy and utilities, healthcare, it and telecom, manufacturing, retail, and others.

The market key players are Cisco Systems, Inc., Palo Alto Networks, Inc., Fortinet, Inc., Broadcom inc., Trend Micro Inc, IBM Corporation, Microsoft Corporation, Check Point Software Technologies Ltd., McAfee Corp, CrowdStrike Holdings, Inc., Sophos Ltd., ESET, spol. s r.o., and others.

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