The global cyber security market was valued at US$176.4 billion in 2021 and is estimated to grow at a compound annual growth rate (CAGR) of 10.2% between 2022 and 2029, mainly driven by increasing number of data breaches and advanced malware threats. While the adoption of emerging technologies in the BFSI, retail, IT, and manufacturing sectors have offered new capabilities and ease of working, they have also driven the global threat landscape of exploits, vulnerabilities, and malware.
AgileIntel’s global cyber security market study is a 168 slide report containing in-depth analysis on historical and forecasted spending patterns in the sector. The study offers granular value data from a global, regional, component, and security type perspective.
The base year is 2021 for the study with historical data between 2018 and 2021. The data forecast has been provided for the years between 2022 and 2029.
Figure 1: Global Cyber Security Market during 2018-2029 in US$ Billion
Key insights from the Global Cyber Security report
Insights on Components:
Cyber security solutions protect the network, system, or applications from cyber-attacks such as ransomware, malware, phishing, etc. The cyber security market is classified into hardware, software, and services based on components.
The services segment holds the largest market share and is expected to continue doing so during the forecast period, driven mainly by the robust growth in connected devices which are already creating system vulnerabilities. Moreover, the increasing need for automation for efficiency in enterprise Security Operations Centers is also expected to contribute to the growth of this segment.
Furthermore, large and small enterprises face challenges in securing data, thereby increasing the demand for cyber security software and solutions such as anti-malware, anti-spyware, identity management, and network access control (NAC) to protect their IT systems and networks from unauthorized access and intrusions.
Additionally, the growing adoption of hardware components such as encrypted flash drives, network firewalls, and intrusion prevention system (IPS) equipment that secures IT networks from cyber threats is driving the growth of the hardware segment.
Figure 2: Global Cyber Security Market by Components in 2021
Insights on Security Types:
The cyber security market is categorized into endpoint security, cloud security, network security, application security, infrastructure protection, data security, and others, based on security types.
Infrastructure protection was the largest global cyber security market segment in 2021 due to growing enterprise investments in network implementation services, network operation services, secure email gateway, threat intelligence tools, security information, event management (SIEM) solutions, and endpoint protection platforms.
Cloud security is expected to remain the fastest-growing segment during the forecast period, primarily driven by the growing adoption of cloud-based deployment solutions and services among enterprises. This has increased the risk of malware infiltrations and other forms of unauthorized access, thereby driving the need for companies to adopt advanced cloud security solutions.
Furthermore, the increasing adoption of mobile devices and wireless networks at the workplace is expected to drive the market for network security solutions, which had a 26% market share in 2021.
Figure 3: Global Cyber Security Market by Security Type in 2021
Insights on Regional Growth:
North America is expected to remain the largest market, accounting for a 35% share of the global cyber security products and services market during the forecast period. This can be attributed to the rising cyber security spending by the government and public authorities in the region due the increasing instances of security breaches. Further, the increased spending on security solutions and services by large enterprises and SMEs and stringent standards and policies for maintaining data privacy and security contribute to the region's market growth.
Meanwhile, Asia Pacific is expected to be the fastest-growing market during the forecast period, mainly due to growing efforts towards securing endpoints, networks, and cloud infrastructure. Countries such as India and China have strong defense forces, encouraging governments and defense sectors of these countries to adopt advanced technologies to mitigate threats rising from cyber-espionage and to be prepared to ward off any disruptions due to cyber warfare.
Figure 4: Global Cyber Security Market by Region in 2021
Insights on Key Markets:
The U.S. cyber security market was valued at US$53.9 billion in 2021. It remains the largest market for cyber security solutions due to increased spending by the government to improve the cyber security infrastructure of the country. An increasing number of SMEs, presence of major IT hubs, and the growing adoption of cloud solutions by the SMEs in the U.S. are expected to lead to new security-related issues concerning the network and security of organizational systems, thereby warranting the need for more effective cyber security measures to be put in place. The government has introduced policies that support, encourage, and regulate businesses to adopt cyber security measures. For instance, the government has set up a Cyber Security and Infrastructure Security Agency (CISA) whose focus areas include combating cybercrime and cyber incident response, protecting critical infrastructure, and providing cyber security governance.
Meanwhile, China’s cyber security market was pegged at US$ 14.7 billion in 2021. China is implementing legislation across the Chinese government and coordinating it with other agencies to safeguard cyberspace. The Cybersecurity Law (CSL) issued by the government includes protecting personal information and critical information infrastructure, security requirements for network operators, and implying penalties for violations.
Figure 5: Global Cyber Security Market by Key Countries in 2021
Market dynamics
Trends
Drivers
Opportunities
Challenges
Impact of COVID-19
The COVID-19 pandemic had a positive impact on the cyber security market.
With most companies asking their employees to work from home, the number of cyber-attacks on enterprise data and devices has proliferated, thereby driving continuous investments in security solutions. This has exposed vulnerabilities due to the increased use of cloud service via unmanaged devices. Thus, the ongoing pandemic presents an opportunity for enterprises to assess their IT infrastructure and deploy robust cyber security solutions.
Scope of the Global Cyber Security report
This report provides analysis of the latest industry trends and estimates revenue growth at global, regional, and country levels. For this report, AgileIntel has segmented the global Cyber Security market report based on component, security type, and region:
Insights on Component (Revenue in US$ billion, 2018-2029)
Insights on Security Type (Revenue in US$ billion, 2018-2029)
Insights on Regional market (Revenue in US$ billion, 2018-2029)
Objectives of the report
Table of Contents
Executive summary
Table of contents
List of tables
List of figures
Chapter-1: Introduction
1.1 Objective of the report
1.2 Market definition
1.3 Scope of the report
1.3.1 Markets covered
1.3.2 Years covered
1.4 Conventions
1.5 Stakeholder
1.6 Summary methodology
1.7 Data collection
1.7.1 Secondary research
1.7.2 Primary research
1.8 Market size estimation
1.8.1 Bottom-up approach
1.8.2 Top-down approach
1.9 Data triangulation
1.10 Assumptions and limitations
1.11 COVID-19 Impact
Chapter-2: Market Overview
2.1 Introduction
2.2 Covid impact on the market
2.3 Market Dynamics
2.3.1 Drivers
2.3.2 Restraints
2.3.3 Opportunities
2.3.4 Challenges
2.4 Key Players
2.5 Trends
2.6 Recent Developments
Chapter-3: Markets Analysis by Component
3.1 Cyber Security regional market Component composition
3.1.1 Cyber Security market: Hardware (US$ billion)
3.2.1 Cyber Security market: Software (US$ billion)
3.2.1 Cyber Security market: Services (US$ billion)
Chapter-4: Markets Analysis by Security Type
4.1.1 Market overview, 2018-2029 (US$ billion)
4.2.1 Cyber Security market: Endpoint Security (US$ billion)
4.3.1 Cyber Security market: Cloud Security (US$ billion)
4.4.1 Cyber Security market: Network Security (US$ billion)
4.5.1 Cyber Security market: Application Security (US$ billion)
4.6.1 Cyber Security market: Infrastructure Protection (US$ billion)
4.7.1 Cyber Security market: Data Security (US$ billion)
4.8.1 Cyber Security market: Others (US$ billion)
Chapter-5: Regional Analysis
5.1 Market overview, 2018-2029
5.2.1 Market overview, 2018-2029 (US$ billion)
5.3.1 Cyber Security market: Asia Pacific (US$ billion)
5.4.1 Cyber Security market: North America (US$ billion)
5.5.1 Cyber Security market: Europe (US$ billion)
5.6.1 Cyber Security market: South America (US$ billion)
5.7.1 Cyber Security market: Middle East and Africa (US$ billion)
Chapter-6: Regional Markets Analysis by Component
6.1 Cyber Security regional market Security Type composition
6.1.1 Cyber Security market: APAC Hardware (US$ billion)
6.2.1 Cyber Security market: APAC Software (US$ billion)
6.3.1 Cyber Security market: APAC Services (US$ billion)
6.4.1 Cyber Security market: North America Hardware (US$ billion)
6.5.1 Cyber Security market: North America Software (US$ billion)
6.6.1 Cyber Security market: North America Services (US$ billion)
6.7.1 Cyber Security market: Europe Hardware (US$ billion)
6.8.1 Cyber Security market: Europe Software (US$ billion)
6.9.1 Cyber Security market: Europe Services (US$ billion)
6.710.1 Cyber Security market: South America Hardware (US$ billion)
6.11.1 Cyber Security market: South America Software (US$ billion)
6.12.1 Cyber Security market: South America Services (US$ billion)
6.13.1 Cyber Security market: Middle East and Africa Hardware (US$ billion)
6.14.1 Cyber Security market: Middle East and Africa Software (US$ billion)
6.15.1 Cyber Security market: Middle East and Africa Services (US$ billion)
Chapter-7: Regional market Analysis by Security Type
7.1 Cyber Security regional market Security Type composition
7.1.1 Cyber Security market: APAC Endpoint Security (US$ billion)
7.2.1 Cyber Security market: APAC Cloud Security (US$ billion)
7.3.1 Cyber Security market: APAC Network Security (US$ billion)
7.4.1 Cyber Security market: APAC Application Security (US$ billion)
7.5.1 Cyber Security market: APAC Infrastructure Protection (US$ billion)
7.6.1 Cyber Security market: APAC Data Security (US$ billion)
7.7.1 Cyber Security market: APAC Others (US$ billion)
7.8.1 Cyber Security market: North America Endpoint Security (US$ billion)
7.9.1 Cyber Security market: North America Cloud Security (US$ billion)
7.10.1 Cyber Security market: North America Network Security (US$ billion)
7.11.1 Cyber Security market: North America Application Security (US$ billion)
7.12.1 Cyber Security market: North America Infrastructure Protection (US$ billion)
7.13.1 Cyber Security market: North America Data Security (US$ billion)
7.14.1 Cyber Security market: North America Others (US$ billion)
7.15.1 Cyber Security market: Europe Endpoint Security (US$ billion)
7.16.1 Cyber Security market: Europe Cloud Security (US$ billion)
7.17.1 Cyber Security market: Europe Network Security (US$ billion)
7.18.1 Cyber Security market: Europe Application Security (US$ billion)
7.19.1 Cyber Security market: Europe Infrastructure Protection (US$ billion)
7.20.1 Cyber Security market: Europe Data Security (US$ billion)
7.21.1 Cyber Security market: Europe Others (US$ billion)
7.22.1 Cyber Security market: South America Endpoint Security (US$ billion)
7.23.1 Cyber Security market: South America Cloud Security (US$ billion)
7.24.1 Cyber Security market: South America Network Security (US$ billion)
7.25.1 Cyber Security market: South America Application Security (US$ billion)
7.26.1 Cyber Security market: South America Infrastructure Protection (US$ billion)
7.27.1 Cyber Security market: South America Data Security (US$ billion)
7.28.1 Cyber Security market: South America Others (US$ billion)
7.29.1 Cyber Security market: Middle East and Africa Endpoint Security (US$ billion)
7.30.1 Cyber Security market: Middle East and Africa Cloud Security (US$ billion)
7.31.1 Cyber Security market: Middle East and Africa Network Security (US$ billion)
7.32.1 Cyber Security market: Middle East and Africa Application Security (US$ billion)
7.33.1 Cyber Security market: Middle East and Africa Infrastructure Protection (US$ billion)
7.34.1 Cyber Security market: Middle East and Africa Data Security (US$ billion)
7.35.1 Cyber Security market: Middle East and Africa Others (US$ billion)
Chapter-8: Key Markets Analysis
8.1 Cyber Security key market size composition
8.1.1 Market overview, 2018-2029 (US$ billion)
8.2.1 Cyber Security market: U.S., North America (US$ billion)
8.3.1 Cyber Security market: Canada, North America (US$ billion)
8.4.1 Cyber Security market: Mexico, North America (US$ billion)
8.5.1 Cyber Security market: Germany, Europe (US$ billion)
8.6.1 Cyber Security market: Italy, Europe (US$ billion)
8.7.1 Cyber Security market: France, Europe (US$ billion)
8.8.1 Cyber Security market: China, Asia Pacific (US$ billion)
8.9.1 Cyber Security market: India, Asia Pacific (US$ billion)
8.10.1 Cyber Security market: Japan, Asia Pacific (US$ billion)
8.11.1 Cyber Security market: Brazil, South America (US$ billion)
8.12.1 Cyber Security market: Argentina, South America (US$ billion)
8.13.1 Cyber Security market: Colombia, South America (US$ billion)
8.14.1 Cyber Security market: South Africa, Middle East and Africa (US$ billion)
8.15.1 Cyber Security market: UAE, Middle East and Africa (US$ billion)
8.16.1 Cyber Security market: Saudi Arabia, Middle East and Africa (US$ billion)
Chapter-9: Company Profiles
9.1 Broadcom
9.2 BAE Systems
9.3 Cisco Systems, Inc.
9.4 Centrify Corporation
9.5 Check Point Software Technologies Ltd
9.6 FireEye, Inc.
9.7 Fortinet, Inc.
9.8 IBM Corporation
9.9 LogRhythm, Inc.
9.10 Lockheed Martin Corporation
9.11 Proofpoint, Inc.
9.12 Palo Alto Networks, Inc.
9.13 Sophos Ltd.
9.14 Trend Micro Incorporated
Appendix
Glossary of terms
Disclaimer
About Us
List of Tables
Table 1: By value: Cyber Security Market by Security Type during 2018-2029 in US$ billion
Table 2: By value: Cyber Security Market by region during 2018-2029 in US$ billion
Table 3: By Value: key Cyber Security markets in US$ billion
Table 4: By Volume: key Cyber Security markets in kilo tons
List of Figures
Figure 1: By value: Share of Hardware Market during 2018-2029 in %
Figure 2: By value: Hardware Market during 2018-2029 in US$ billion
Figure 3: By value: Share of Software Market during 2018-2029 in %
Figure 4: By value: Software Market during 2018-2029 in US$ billion
Figure 5: By value: Share of Services Market during 2018-2029 in %
Figure 6: By value: Services Market during 2018-2029 in US$ billion
Figure 7: By value: Cyber Security market segment share during 2018-2029 in %
Figure 8: By value: Share of Endpoint Security in Cyber Security market during 2018-2029 in %
Figure 9: By value: Endpoint Security market segment during 2018-2029 in US$ billion
Figure 10: By value: Share of Cloud Security market during 2018-2029 in %
Figure 11: By value: Cloud Security market during 2018-2029 in US$ billion
Figure 12: By value: Share of Network Security market during 2018-2029 in %
Figure 13: By value: Network Security market during 2018-2029 in US$ billion
Figure 14: By value: Share of Application Security market during 2018-2029 in %
Figure 15: By value: Application Security market during 2018-2029 in US$ billion
Figure 16: By value: Infrastructure Protection market during 2018-2029 in US$ billion
Figure 17: By value: Share of Infrastructure Protection market during 2018-2029 in %
Figure 18: By value: Data Security market during 2018-2029 in kilo tons
Figure 19: By value: Share of Data Security market during 2018-2029 in %
Figure 20: By value: Others market during 2018-2029 in US$ billion
Figure 21: By value: Share of Others market during 2018-2029 in %
Figure 22: By Value: key Cyber Security regional markets in US$ billion
Figure 23: By value: Cyber Security market region share during 2018-2029 in %
Figure 24: By value: Share of Asia Pacific market during 2018-2029 in %
Figure 25: By value: Asia Pacific market during 2018-2029 in US$ billion
Figure 26: By value: Share of North America market during 2018-2029 in %
Figure 27: By value: North America market during 2018-2029 in US$ billion
Figure 28: By value: Share of Europe market during 2018-2029 in
Figure 29: By value: Europe market during 2018-2029 in US$ billion
Figure 30: By value: Share of South America market during 2018-2029 in %
Figure 31: By value: South America market during 2018-2029 in US$ billion
Figure 32: By value: Share of Middle East and Africa market during 2018-2029 in %
Figure 33: By value: Middle East and Africa market during 2018-2029 in US$ billion
Figure 34: By value: Share of APAC Hardware Market during 2018-2029 in %
Figure 35: By value: APAC Hardware Market during 2018-2029 in US$ billion
Figure 36: By value: Share of APAC Software Market during 2018-2029 in %
Figure 37: By value: APAC Software Market during 2018-2029 in US$ billion
Figure 38: By value: Share of APAC Services Market during 2018-2029 in %
Figure 39: By value: APAC Services Market during 2018-2029 in US$ billion
Figure 40: By value: Share of North America Hardware Market during 2018-2029 in %
Figure 41: By value: North America Hardware Market during 2018-2029 in US$ billion
Figure 42: By value: Share of North America Software Market during 2018-2029 in %
Figure 43: By value: North America Software Market during 2018-2029 in US$ billion
Figure 44: By value: Share of North America Services Market during 2018-2029 in %
Figure 45: By value: North America Services Market during 2018-2029 in US$ billion
Figure 46: By value: Share of Europe Hardware Market during 2018-2029 in %
Figure 47: By value: Europe Hardware Market during 2018-2029 in US$ billion
Figure 48: By value: Share of Europe Software Market during 2018-2029 in %
Figure 49: By value: Europe Software Market during 2018-2029 in US$ billion
Figure 50: By value: Share of Europe Services Market during 2018-2029 in %
Figure 51: By value: Europe Services Market during 2018-2029 in US$ billion
Figure 52: By value: Share of South America Hardware Market during 2018-2029 in %
Figure 53: By value: South America Hardware Market during 2018-2029 in US$ billion
Figure 54: By value: Share of South America Software Market during 2018-2029 in %
Figure 55: By value: South America Software Market during 2018-2029 in US$ billion
Figure 56: By value: Share of South America Services Market during 2018-2029 in %
Figure 57: By value: South America Services Market during 2018-2029 in US$ billion
Figure 58: By value: Share of Middle East and Africa Hardware Market during 2018-2029 in %
Figure 59: By value: Middle East and Africa Hardware Market during 2018-2029 in US$ billion
Figure 60: By value: Share of Middle East and Africa Software Market during 2018-2029 in %
Figure 61: By value: Middle East and Africa Software Market during 2018-2029 in US$ billion
Figure 62: By value: Share of Middle East and Africa Services Market during 2018-2029 in %
Figure 63: By value: Middle East and Africa Services Market during 2018-2029 in US$ billion
Figure 64: By value: Share of APAC Endpoint Security market during 2018-2029 in %
Figure 65: By value: APAC Endpoint Security market during 2018-2029 in US$ billion
Figure 66: By value: Share of APAC Cloud Security market during 2018-2029 in %
Figure 67: By value: APAC Cloud Security market during 2018-2029 in US$ billion
Figure 68: By value: Share of APAC Network Security market during 2018-2029 in %
Figure 69: By value: APAC Network Security market during 2018-2029 in US$ billion
Figure 70: By value: Share of APAC Application Security market during 2018-2029 in %
Figure 71: By value: APAC Application Security market during 2018-2029 in US$ billion
Figure 72: By value: Share of APAC Infrastructure Protection market during 2018-2029 in %
Figure 73: By value: APAC Infrastructure Protection market during 2018-2029 in US$ billion
Figure 74: By value: Share of APAC Data Security market during 2018-2029 in %
Figure 75: By value: APAC Data Security market during 2018-2029 in US$ billion
Figure 76: By volume: Share of APAC Data Security market during 2018-2029 in %
Figure 77: By volume: APAC Data Security market during 2018-2029 in kilo tons
Figure 78: By volume: APAC Others market during 2018-2029 in kilo tons
Figure 79: By volume: Share of APAC Others market during 2018-2029 in %
Figure 80: By value: Share of North America Endpoint Security market during 2018-2029 in %
Figure 81: By value: North America Endpoint Security market during 2018-2029 in US$ billion
Figure 82: By value: Share of North America Cloud Security market during 2018-2029 in %
Figure 83: By value: North America Cloud Security market during 2018-2029 in US$ billion
Figure 84: By value: Share of North America Network Security market during 2018-2029 in %
Figure 85: By value: North America Network Security market during 2018-2029 in US$ billion
Figure 86: By value: Share of North America Application Security market during 2018-2029 in %
Figure 87: By value: North America Application Security market during 2018-2029 in US$ billion
Figure 88: By value: North America Infrastructure Protection market during 2018-2029 in %
Figure 89: By value: North America Infrastructure Protection market during 2018-2029 in US$ billion
Figure 90: By value: Share of North America Data Security market during 2018-2029 in %
Figure 91: By value: North America Data Security market during 2018-2029 in US$ billion
Figure 92: By value: North America Others market during 2018-2029 in US$ billion
Figure 93: By value: Share of North America Others market during 2018-2029 in %
Figure 94: By value: Share of Europe Endpoint Security market during 2018-2029 in %
Figure 95: By value: Europe Endpoint Security market during 2018-2029 in US$ billion
Figure 96: By value: Share of Europe Cloud Security market during 2018-2029 in %
Figure 97: By value: Europe Cloud Security market during 2018-2029 in US$ billion
Figure 98: By value: Share of Europe Network Security market during 2018-2029 in %
Figure 99: By value: Europe Network Security market during 2018-2029 in US$ billion
Figure 100: By value: Share of Europe Application Security market during 2018-2029 in %
Figure 101: By value: Europe Application Security market during 2018-2029 in US$ billion
Figure 102: By value: Share of Europe Infrastructure Protection market during 2018-2029 in %
Figure 103: By value: Europe Infrastructure Protection market during 2018-2029 in US$ billion
Figure 104: By value: Share of Europe Data Security market during 2018-2029 in %
Figure 105: By value: Europe Data Security market during 2018-2029 in US$ billion
Figure 106: By value: Europe Others market during 2018-2029 in US$ billion
Figure 107: By value: Share of Europe Others market during 2018-2029 in %
Figure 108: By value: Share of South America Endpoint Security market during 2018-2029 in %
Figure 109: By value: South America Endpoint Security market during 2018-2029 in US$ billion
Figure 110: By value: Share of South America Cloud Security market during 2018-2029 in %
Figure 111: By value: South America Cloud Security market during 2018-2029 in US$ billion
Figure 112: By value: Share of South America Network Security market during 2018-2029 in %
Figure 113: By value: South America Network Security market during 2018-2029 in US$ billion
Figure 114: By value: Share of South America Application Security market during 2018-2029 in %
Figure 115: By value: South America Application Security market during 2018-2029 in US$ billion
Figure 116: By value: Share of South America Infrastructure Protection market during 2018-2029 in %
Figure 117: By value: South America Infrastructure Protection market during 2018-2029 in US$ billion
Figure 118: By value: Share of South America Data Security market during 2018-2029 in %
Figure 119: By value: South America Data Security market during 2018-2029 in US$ billion
Figure 120: By value: South America Others market during 2018-2029 in US$ billion
Figure 121: By value: Share of South America Others market during 2018-2029 in %
Figure 122: By value: Share of South America Endpoint Security market during 2018-2029 in %
Figure 123: By value: South America Endpoint Security market during 2018-2029 in US$ billion
Figure 124: By value: Share of South America Cloud Security market during 2018-2029 in %
Figure 125: By value: South America Cloud Security market during 2018-2029 in US$ billion
Figure 126: By value: Share of South America Network Security market during 2018-2029 in %
Figure 127: By value: South America Network Security market during 2018-2029 in US$ billion
Figure 128: By value: Share of South America Application Security market during 2018-2029 in %
Figure 129: By value: South America Application Security market during 2018-2029 in US$ billion
Figure 130: By value: South America Infrastructure Protection market during 2018-2029 in %
Figure 131: By value: South America Infrastructure Protection market during 2018-2029 in US$ billion
Figure 132: By value: Share of South America Data Security market during 2018-2029 in %
Figure 133: By value: South America Data Security market during 2018-2029 in US$ billion
Figure 134: By value: South America Others market during 2018-2029 in US$ billion
Figure 135: By value: Share of South America Others market during 2018-2029 in %
Figure 136: By value: Share of Middle East & Africa Endpoint Security market during 2018-2029 in %
Figure 137: By value: Middle East & Africa Endpoint Security market during 2018-2029 in US$ billion
Figure 138: By value: Share of Middle East & Africa Cloud Security market during 2018-2029 in %
Figure 139: By value: Middle East & Africa Cloud Security market during 2018-2029 in US$ billion
Figure 140: By value: Share of Middle East & Africa Network Security market during 2018-2029 in %
Figure 141: By value: Middle East & Africa Network Security market during 2018-2029 in US$ billion
Figure 142: By value: Share of Middle East & Africa Application Security market during 2018-2029 in %
Figure 143: By value: Middle East & Africa Application Security market during 2018-2029 in US$ billion
Figure 144: By value: Middle East & Africa Infrastructure Protection market during 2018-2029 in %
Figure 145: By value: Middle East & Africa Infrastructure Protection market during 2018-2029 in US$ billion
Figure 146: By value: Share of Middle East & Africa Data Security market during 2018-2029 in %
Figure 147: By value: Middle East & Africa Data Security market during 2018-2029 in US$ billion
Figure 148: By value: Middle East & Africa Others market during 2018-2029 in US$ billion
Figure 149: By value: Share of Middle East & Africa Others market during 2018-2029 in %
Figure 150: By Value: key Cyber Security regional Markets in US$ billion
Figure 151: By value: Share of US Market during 2018-2029 in %
Figure 152: By value: US Market during 2018-2029 in US$ billion
Figure 153: By value: Share of Canada Market during 2018-2029 in %
Figure 154: By value: Canada Market during 2018-2029 in US$ billion
Figure 155: By value: Share of Mexico Market during 2018-2029 in %
Figure 156: By value: Mexico Market during 2018-2029 in US$ billion
Figure 157: By value: Share of Germany Market during 2018-2029 in %
Figure 158: By value: Germany Market during 2018-2029 in US$ billion
Figure 159: By value: Share of Italy Market during 2018-2029 in %
Figure 160: By value: Italy Market during 2018-2029 in US$ billion
Figure 161: By value: Share of France Market during 2018-2029 in %
Figure 162: By value: France Market during 2018-2029 in US$ billion
Figure 163: By value: Share of China Market during 2018-2029 in %
Figure 164: By value: China Market during 2018-2029 in US$ billion
Figure 165: By value: Share of India Market during 2018-2029 in %
Figure 166: By value: India Market during 2018-2029 in US$ billion
Figure 167: By value: Share of Japan Market during 2018-2029 in %
Figure 168: By value: Japan Market during 2018-2029 in US$ billion
Figure 169: By value: Share of Brazil Market during 2018-2029 in %
Figure 170: By value: Brazil Market during 2018-2029 in US$ billion
Figure 171: By value: Share of Argentina Market during 2018-2029 in %
Figure 172: By value: Argentina Market during 2018-2029 in US$ billion
Figure 173: By value: Share of Colombia Market during 2018-2029 in %
Figure 174: By value: Share of South Africa Market during 2018-2029 in %
Figure 175: By value: South Africa Market during 2018-2029 in US$ billion
Figure 176: By value: Share of UAE Market during 2018-2029 in %
Figure 177: By value: UAE Market during 2018-2029 in US$ billion
Figure 178: By value: Share of Saudi Arabia Market during 2018-2029 in %
Figure 179: By value: Saudi Arabia Market during 2018-2029 in US$ billion
Figure 180: Broadcom
Figure 181: BAE Systems
Figure 182: Cisco Systems, Inc.
Figure 183: Centrify Corporation
Figure 184: Check Point Software Technologies Ltd
Figure 185: FireEye, Inc.
Figure 186: Fortinet, Inc.
Figure 187: IBM Corporation
Figure 188: LogRhythm, Inc.
Figure 189: Lockheed Martin Corporation
Figure 190: Proofpoint, Inc.
Figure 191: Palo Alto Networks, Inc.
Figure 192: Sophos Ltd.
Figure 193: Trend Micro Incorporated
Research Methodology
This report uses a comprehensive and iterative research methodology including bottom-up and top-down approaches, to minimize deviance and consequently provide accurate market estimates and forecasts. Additionally, we make use of market breakdown and data triangulation procedures to validate our findings.
Secondary Research
We strictly make use of authentic and credible secondary sources such as company filings, white papers published by reputable authorities and institutions, journals, articles published by industry experts and other gold and silver standard databases such as Bloomberg, Dunn & Bradstreet, Standard & Poor’s and Thomson Reuters, among others.
Primary Research
Our findings from secondary sources are then validated by exhaustive primary interviews either through online surveys or on the phone. Importantly, we conduct these interviews all across the world, either internally or through channel partners in various locations, to get critical local insights as well.
 |
| Report Parameters | Details |
|---|---|
| Time Period Considered | 2018-2029 |
| Historical Period | 2018-2021 |
| Forecast Period | 2022-2029 |
| Units considered | Revenue in US$ billion |
| Report Coverage | Value/Revenue forecast, competitive landscape, drivers, challenges, opportunities, and trends |
| COVID-19 | Impact of the COVID-19 pandemic has been factored in the volume and revenue estimations, trends and drivers |
| Segments | By Component By Security Type By Region |
| Regions included in the study | Asia Pacific (APAC), North America, Europe, Middle East and Africa, South America |
| Companies Profiled | Broadcom, BAE Systems, Cisco Systems, Inc., Centrify Corporation, Check Point Software Technologies Ltd., FireEye, Inc., Fortinet, Inc., IBM Corporation, LogRhythm, Inc., Lockheed Martin Corporation, |
The global Cyber Security market size was estimated at US$ 176.4 billion in 2021 and is expected to reach US$ 191 billion in 2022.
The global Cyber Security market is expected to grow at a compound annual growth rate of 10.2% from 2022 to 2029 to reach US$ 416.04 billion by 2029.
North America dominated the Cyber Security market with a share of 35% in 2021. This is attributable to the increasing investment in defense activities and growing dependency of defense sector on the internet for the management of weapon systems.
The Infrastructure Protection segment dominated the Cyber Security market with a share of 27% in 2021. This is attributable to growing adoption of cloud-based deployment solutions and services among enterprises.
Some key players operating in the Cyber Security market include Broadcom, BAE Systems, Cisco Systems, Inc., Centrify Corporation, Check Point Software Technologies Ltd., FireEye, Inc., Fortinet, Inc., IBM Corporation, and LogRhythm, among others.
Key factors that are driving the Cyber Security market growth include growing instances and complexity of cyber-attacks, stringent compliance regulations, and rising adoption of cloud-based cyber security solutions.
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