Press release
Cybersecurity Market Outlook 2025-2034: Key Trends, Growth Drivers, and Market Share
Cybersecurity Market
The escalating trend of cyber threats is fueling the need for more advanced cybersecurity measures. The frequency of cyberattacks targeting individuals, businesses, and public sector entities is on the rise and these attacks are causing significant monetary damages. To provide context, Infosecurity Magazine, a Canadian web publication aimed at the information security sector, reported that 108.9 million internet user accounts were compromised in the third quarter of 2022, marking a 70% escalation from the prior quarter. As a consequence of the growing menace of cyberattacks, the tendency to spend more on cybersecurity solutions is likely to boost revenue projections for the cybersecurity market throughout the forecast period.
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What growth opportunities are expected to drive the cybersecurity market's CAGR through 2034?
The dimension of the cybersecurity market has expanded quickly in the past few years. It is estimated to escalate from $243.15 billion in 2024 to $267.51 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 10.0%. This exceptional growth during the past years is due to multiple factors like an increase in cyber-attacks, significant economic growth in budding markets, the introduction of promising start-ups, and impacts forced by the COVID-19 pandemic.
The size of the cybersecurity market is slated for a swift expansion in the coming years, with a predicted increase to $434.76 billion by 2029 at a compound annual growth rate (CAGR) of 12.9%. This projected growth during the forecast period is due to factors such as enhanced internet accessibility, the proliferation of e-commerce platforms, the Internet of Things (IoT), and the high demand for authentication methods. The forecast period is characterized by major trends including the application of artificial intelligence (AI), machine learning and blockchain technologies in cybersecurity, a shift towards cloud-based cybersecurity strategies, the utilization of app-based 2FA to improve organizational security against cyber threats, obtaining ITIL/ISO certifications to better align software services with commercial needs, and focusing on improving efficiency through automation and integration.
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What are the emerging trends shaping the future of the cybersecurity market?
The upward trend in the cybersecurity sector is largely influenced by the escalating government spending on cybersecurity solutions. To illustrate, the Department of Homeland Security (DHS) in the United States, which oversees public security, initiated a $1 billion investment program in September 2022. This maiden cyber grant program, tailored specifically for state, local, and territorial governments nationwide, aims to support these entities in managing cybersecurity risks, detecting principal vulnerabilities, eliminating threats, and strengthening crucial infrastructure. As a result, the intensified global governmental investments are expected to pave the way for vast expansion opportunities for the participants in the cybersecurity market in the years ahead.
Which growth-oriented segments of the cybersecurity market are leading the industry's development?
The cybersecurity market covered in this report is segmented -
1) By Solution: Infrastructure Protection, Network Security, Endpoint Security, Data Security, Application Security, Cloud Security, Other Solutions
2) By Enterprise Size: Small And Medium Enterprise, Large Enterprise
3) By Deployment Type: Cloud, On Premises
4) By End-User: BFSI, IT And Telecommunications, Retail, Healthcare, Government, Manufacturing, Travel And Transportation, Energy And Utilities, Other End-Users
Subsegments:
1) By Infrastructure Protection: Physical Security Solutions, Perimeter Security Systems, Security Information and Event Management (SIEM)
2) By Network Security: Firewalls, Intrusion Detection and Prevention Systems (IDPS), Virtual Private Networks (VPNs)
3) By Endpoint Security: Antivirus and Antimalware Solutions, Endpoint Detection and Response (EDR), Mobile Device Management (MDM)
4) By Data Security: Data Loss Prevention (DLP), Encryption Solutions, Data Masking and Tokenization
5) By Application Security: Web Application Firewalls (WAF), Runtime Application Self-Protection (RASP), Secure Software Development Lifecycle (SDLC) Tools
6) By Cloud Security: Cloud Access Security Brokers (CASB), Cloud Security Posture Management (CSPM), Secure Web Gateways (SWG)
7) By Other Solutions: Identity and Access Management (IAM), Threat Intelligence Solutions, Security Awareness Training
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What regions are leading the charge in the cybersecurity market?
Asia-Pacific was the largest region in the cybersecurity market in 2024. North America was the second largest region in the global cybersecurity market. The regions covered in the cybersecurity market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What companies are at the forefront of innovation in the cybersecurity market?
Major companies operating in the cybersecurity market include Palo Alto Networks, CrowdStrike, Fortinet, Check Point Software Technologies, Cisco Systems, IBM Security, FireEye, McAfee, Trend Micro, Symantec, Darktrace, Okta, Tenable, Rapid7, Proofpoint, CyberArk, SentinelOne, RSA Security, Splunk, Zscaler, Bitdefender, Sophos, F5 Networks, Qualys, Avast, Kaspersky Lab, Veracode, ESET, Imperva, Mimecast
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What Is Covered In The Cybersecurity Global Market Report?
• Market Size Forecast: Examine the cybersecurity market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the cybersecurity market for a structured understanding.
• Key Players Overview: Analyze major players in the cybersecurity market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the cybersecurity market.
• Segment Contributions: Evaluate how different segments drive overall growth in the cybersecurity market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the cybersecurity market.
• Industry Challenges: Identify potential risks and obstacles affecting the cybersecurity market.
• Competitive Landscape: Review strategic developments in the cybersecurity market, including expansions, agreements, and new product launches.
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