The Philippines cyber security market reached a value of approximately USD 208.06 Million in 2024. The market is projected to grow at a CAGR of 12.80% between 2025 and 2034, reaching a value of around USD 693.87 Million by 2034.
Base Year
Historical Period
Forecast Period
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 Philippines cyber security industry analysis, 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.
Value in USD Million
2025-2034
Philippines Cyber Security Market Outlook
*this image is indicative*
The cyber security market is primed for significant growth due to several factors such as rising cybercrime 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 the growth of Philippines cyber security market.
Moreover, the government is actively launching various initiatives to increase 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 sectors 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 players in Philippines cyber security industry 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.
Growing cybersecurity attacks, increased use of smartphones and the internet, rise in digital transactions, and adoption of data protection laws are accelerating the Philippines cyber security market value.
The increase in the number and frequency of cybersecurity attacks is a major factor driving the growth of the Philippines cyber security market. According to the International Trade Association, at least one in every four Philippines-based companies were exposed to cyberattacks including malware, phishing, and password hacks in a survey conducted during the year 2023. A persistent increase in such attacks is expected to propel the market’s growth.
The government’s adoption of the National Cybersecurity Plan 2024-29 and other data privacy laws operating in the country have introduced stringent laws regarding data privacy and protection that individuals and businesses must comply with. Moreover, to curb data privacy breaches and mitigate cyber security risks, the government is collaborating with several private players to increase the Philippines cyber security market revenue.
Philippines is a highly digitised economy owing to the growing use of the internet, smartphones, and cloud-based services. According to industry reports, the number of mobile subscribers in the country is expected to reach 159 million by 2025, followed by broadband users at 10.8 million during the same period. Greater exposure to smart devices, applications, and the internet will raise exposure to cyber threats leading to a higher demand growth.
A rise in digital transactions has made the market prone to frequent cybersecurity attacks. According to the Central Bank of the Philippines, digital transactions accounted for 40.1% share in the total retail payments within the country. With increasing digitisation, the share is estimated to grow further during the forecast period, thus increasing cyber security risks, and propelling the market’s growth.
“Philippines Cyber Security Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:
Market Breakup by Offering:
Market Breakup by Deployment Mode:
Market Breakup by Organisation Size:
Market Breakup by Security:
Market Breakup by Industry Vertical:
Based on organization size, the market is mainly bifurcated into large enterprises and small and medium enterprises (SMEs). Large enterprises hold a significant portion of the cyber security market share in Philippines 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 the 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.
Market players are introducing new technologies and initiatives to enhance cyber security.
Philippines Cyber Security Market Size
Philippines Cyber Security Market Growth
*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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In 2024, the market reached an approximate value of USD 208.06 Million.
The market is estimated to grow at a CAGR of 12.80% between 2025 and 2034.
The Philippines cyber security market is estimated to witness healthy growth in the forecast period of 2025-2034 to reach a value of USD 693.87 Million by 2034.
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.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| 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 |
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| Breakup by Deployment Mode |
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| Breakup by Organisation Size |
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| Breakup by Security |
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| Breakup by Industry Vertical |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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Philippines
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-723-689-1189
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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