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Philippines Cyber Security Market Size, Share, Analysis: By Offering: Solutions, Services; By Deployment Mode: On-Premises, Cloud; By Organisation Size: Large Enterprises, Small and Medium Enterprise (SMEs); By Security: Network Security, Cloud Security, End Point and IOT Security, Others; By Industry Vertical; Competitive Landscape; 2024-2032
Philippines Cyber Security Market Size
The Philippines cyber security market reached a value of approximately USD 208.06 million in 2023. The market is projected to grow at a CAGR of 12.80% between 2024 and 2032, reaching a value of around USD 619.08 million by 2032.
Philippines Cyber Security Market Outlook
- As per industry reports, cybercrimes increased in 2024 by 21.84% with 4,469 cases as opposed to 3,668 cases in the fourth quarter of 2023, boosting the need for cyber security.
- As per industry reports, government and educational institutions are the main targets of cyberattacks with a share of 80% and 20% respectively.
- In March 2024, Microsoft Corporation announced a skill development program for 100,000 Filipino women in AI and cyber security to narrow the digital divide.
Philippines Cyber Security Market Growth
The cyber security market is primed for significant growth due to several factors such as rising cybercrimes activities such as phishing, hacking, and identity theft, extensive internet usage, increasing reliance on online platforms, growing concerns for data privacy and security, and large-scale digitalization. Also, rapid technological advancements in the field of cybersecurity are positively impacting market growth.
Moreover, the government is actively launching various initiatives in order to increase the awareness regarding cyber-attacks. For instance, the National Cyber Security Plan (NCSP) 2023-2028, aims to protect businesses, critical networks, and infrastructure and create a trusted and reliable cyberspace for every citizen of the country by complying with the International cybersecurity standards. Also, increased promotion of ethical hacking by both the public and private sector is another factor driving market expansion. For instance, In June 2024, the Department of Information and Technology (DICT) organized a HackforGov regional competition to nurture cybersecurity talent and create awareness among the masses.
Also, prominent market players are constantly improving existing technologies through integration with artificial intelligence (AI), quantum computing, blockchain, and the Internet of Things (IoT) and organizing programs to promote cyber resilience and stand out among competitors. For instance, Microsoft Corporation has aligned with the Philippines National AI Roadmap and combined AI and cyber security technologies to upskill the country’s female workforce.
Philippines Cyber Security Industry Segmentation
“Philippines Cyber Security Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Offering
- Solutions
- Identity and Access Management
- Antivirus/Antimalware
- Encryption and Tokenisation
- Compliance and Policy Management
- Firewall
- Others
- Services
Market Breakup by Deployment Mode
- On-Premises
- Cloud
Market Breakup by Organisation Size
- Large Enterprises
- Small and Medium Enterprise (SMEs)
Market Breakup by Security
- Network Security
- Cloud Security
- End Point and IOT Security
- Application Security
Market Breakup by Industry Vertical
- BFSI
- Government
- Healthcare and Life Sciences
- Aerospace and Defence
- Manufacturing
- Others
Philippines Cyber Security Market Share
Based on organization size, the market is mainly bifurcated into large enterprises and small and medium enterprise (SMEs). Large enterprises hold a significant portion of the market share as both public and private enterprises are widely deploying anti-malware and anti-virus tools to combat online attacks and fraudulent activities to enhance security and avoid data breaches. Furthermore, SMEs in Philippines are also concerned as local businesses are being increasingly targeted by malicious groups, driving the need for robust cybersecurity measures. This, in turn, is expected to boost the development of the cybersecurity market.
Leading Companies in Philippines Cyber Security Market
Market players are introducing new technologies and initiatives to enhance cyber security.
- IBM Corporation
- Microsoft Corp.
- Cisco Systems Inc.
- Amazon Web Services, Inc.
- Oracle Corporation
- Fujitsu Ltd.
- Dell Inc.
- Fortinet Inc.
- Intel Corporation
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Offering |
|
| Breakup by Deployment Mode |
|
| Breakup by Organisation Size |
|
| Breakup by Security |
|
| Breakup by Industry Vertical |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
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Philippines Cyber Security Market Report Snapshots
Philippines Cyber Security Market Size
Philippines Cyber Security Market Growth
Philippines Cyber Security Market Share
Philippines Cyber Security Companies
*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.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Asia Pacific Cyber Security Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Cyber Security Historical Market (2018-2023)
8.3 Asia Pacific Cyber Security Market Forecast (2024-2032)
9 Philippines Cyber Security Market Overview
9.1 Key Industry Highlights
9.2 Philippines Cyber Security Historical Market (2018-2023)
9.3 Philippines Cyber Security Market Forecast (2024-2032)
10 Philippines Cyber Security Market by Offering
10.1 Solutions
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.1.3 Breakup by Type
10.1.3.1 Identity and Access Management
10.1.3.2 Antivirus/Antimalware
10.1.3.3 Encryption and Tokenisation
10.1.3.4 Compliance and Policy Management
10.1.3.5 Firewall
10.1.3.6 Others
10.2 Services
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 Philippines Cyber Security Market by Deployment Mode
11.1 On-Premises
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Cloud
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 Philippines Cyber Security Market by Organisation Size
12.1 Large Enterprises
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Small and Medium Enterprise (SMEs)
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
13 Philippines Cyber Security Market by Security
13.1 Network Security
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Cloud Security
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 End Point and IOT Security
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Application Security
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
14 Philippines Cyber Security Market by Industry Vertical
14.1 BFSI
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 Government
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
14.3 Healthcare and Life Sciences
14.3.1 Historical Trend (2018-2023)
14.3.2 Forecast Trend (2024-2032)
14.4 Aerospace and Defence
14.4.1 Historical Trend (2018-2023)
14.4.2 Forecast Trend (2024-2032)
14.5 Manufacturing
14.5.1 Historical Trend (2018-2023)
14.5.2 Forecast Trend (2024-2032)
14.6 Others
15 Market Dynamics
15.1 SWOT Analysis
15.1.1 Strengths
15.1.2 Weaknesses
15.1.3 Opportunities
15.1.4 Threats
15.2 Porter’s Five Forces Analysis
15.2.1 Supplier’s Power
15.2.2 Buyer’s Power
15.2.3 Threat of New Entrants
15.2.4 Degree of Rivalry
15.2.5 Threat of Substitutes
15.3 Key Indicators for Demand
15.4 Key Indicators for Price
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 IBM Corporation
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Microsoft Corp.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Cisco Systems Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Amazon Web Services, Inc.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Oracle Corporation
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Fujitsu Ltd.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Dell Inc.
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Fortinet Inc.
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Intel Corporation
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Cyber Security Market: Key Industry Highlights, 2018 and 2032
2. Philippines Cyber Security Market: Key Industry Highlights, 2018 and 2032
3. Philippines Cyber Security Historical Market: Breakup by Offering (USD Million), 2018-2023
4. Philippines Cyber Security Market Forecast: Breakup by Offering (USD Million), 2024-2032
5. Philippines Cyber Security Historical Market: Breakup by Deployment Mode (USD Million), 2018-2023
6. Philippines Cyber Security Market Forecast: Breakup by Deployment Mode (USD Million), 2024-2032
7. Philippines Cyber Security Historical Market: Breakup by Organisation Size (USD Million), 2018-2023
8. Philippines Cyber Security Market Forecast: Breakup by Organisation Size (USD Million), 2024-2032
9. Philippines Cyber Security Historical Market: Breakup by Security (USD Million), 2018-2023
10. Philippines Cyber Security Market Forecast: Breakup by Security (USD Million), 2024-2032
11. Philippines Cyber Security Historical Market: Breakup by Industry Vertical (USD Million), 2018-2023
12. Philippines Cyber Security Market Forecast: Breakup by Industry Vertical (USD Million), 2024-2032
13. Philippines Cyber Security Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 208.06 million.
The market is estimated to grow at a CAGR of 12.80% between 2024 and 2032.
The Philippines cyber security market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach a value of USD 619.08 million by 2032.
The major drivers are rise in cyberattacks, increased expenditure on security solutions and services by large companies, and growing presence of prominent security companies in the country.
The key trends of the cyber security market in Philippines include the rise of ethical hacking, integration of artificial intelligence and IoT, growing demand for advanced cyber protection in both government and private firms.
Based on security, the market is segmented into network security, cloud security, end point and IOT security, and application security, among others.
The market is segmented into large enterprises and small and medium enterprise (SMEs), based on organization size.
The key players in the market are IBM Corporation, Microsoft Corp., Cisco Systems Inc., Amazon Web Services, Inc., Oracle Corporation, Fujitsu Ltd., Dell Inc., Fortinet Inc., and Intel Corporation, among others.
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