Cybersecurity Market was valued at over 159.65 Billion in 2022

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Luton, Bedfordshire, United Kingdom – Cybersecurity Market by Component (Solution, Service) Solution (Identity & Access Management, Infrastructure Security, Governance Risk & Compliance, Unified Vulnerability Management Service Offering, Data Security & Privacy Service Offering, Others) Deployment Model (Cloud, On-premise) Enterprise Size (Large Enterprises, SMEs) Industry Vertical (Telecom, Automotive, BFSI, Public Sector, Retail, Healthcare, IT, Energy & Utilities, Manufacturing, Others) Global trends and forecast from 2022 to 2029

Cybersecurity Market report covers share, size, and forecast by top players, regions, applications, and product types, and forecast from 2023 to 2029, along with historical data. The Cybersecurity Market study covers in-depth insights on competitive scenario, description, wide product portfolio of key vendors, SWOT analysis, business strategy adopted by competitors, revenue, Porter’s Five Forces Analysis, and sales estimates. The report’s primary objective is to supply a further illustration of the newest scenario, economic slowdown, and War situations impact on the overall industry and exhaustive scope to cover all the possible segments helping every stakeholder in the market.

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The global Cybersecurity Market was valued at over 159.65 Billion in 2022. The market is expected to see significant growth over the coming years, with a market value of over USD 850.17 Billion by 2029, growing at a CAGR of 10.6% during the forecast period (2023 to 2029).

What to Expect in Our Report?

(1) A complete section of the Cybersecurity Market report is dedicated for market dynamics, which include influence factors, market drivers, challenges, opportunities, and trends.

(2) Another broad section of the research study is reserved for regional analysis of the Cybersecurity Market where important regions and countries are assessed for their growth potential, consumption, market share, and other vital factors indicating their market growth.

(3) Players can use the competitive analysis provided in the report to build new strategies or fine-tune their existing ones to rise above market challenges and increase their share of the Cybersecurity Market.

(4) The report also discusses competitive situation and trends and sheds light on company expansions and merger and acquisition taking place in the Cybersecurity Market. Moreover, it brings to light the market concentration rate and market shares of top three and five players.

(5) Readers are provided with findings and conclusion of the research study provided in the Cybersecurity Market report.

Key Market Players:

Key players in the Cybersecurity Market include Accenture, Broadcom Inc., Capgemini, Cognizant, F5 Networks Inc., FireEye Inc., HCL Technologies Limited, IBM Corporation, Infosys Limited, L&T Technology Services Limited. These companies focus on adopting both organic and inorganic growth strategies, such as product launches and developments, partnerships, and mergers and acquisitions to strengthen their position in the market.

Key Industry Developments:

  • February 2023 – Fortinet, Inc. launched the “Cybercrime Atlas” initiative. The initiative empowers businesses, law enforcement, and threat intelligence researchers to stop cybercrime on a global scale. This initiative brings together world leaders to combat cyber threats, map the cybercrime landscape, and cover criminal activity, networks, and structures.
  • March 2022 – Mandiant, Inc. launched the Mandiant Worldwide Information Security Exchange, a dynamic, vendor-neutral cyber security event program series. mWISE brings together leaders, practitioners, and visionaries from around the world to identify emerging trends, discuss best practices, and transform knowledge to mitigate cyber threats from collective action.
  • June 2021 – Broadcom Inc. launched Adaptive Protection, an advanced feature included in Symantec Endpoint Security. Adaptive Protection utilizes advanced machine learning techniques based on the ages of Symantec endpoint security experience to deliver additional security that is automated and personalized for each customer’s environment, with no impact on productivity. Adaptive Protection enables businesses to keep aware of cyber assaults and prevent breaches before they occur.
  • July 2021 – Fortinet, Inc. acquired application security innovator to accelerate DevSecOps. provides extensive testing for all main languages and frameworks, covering all scan kinds (SAST, DAST, SCA, Secrets, and more). implements machine learning (ML) to correlate and assign a security risk rating across various scan types and apps to each vulnerability.
  • January 2021 – FireEye launched open-source cyber security to detect various cyber-attacks across the Solar Winds supply chain.
  • September 2020 – Bharti Airtel Ltd. launched a suite of internet security solutions for small and medium enterprises. The solutions assist SMEs in adopting cloud platforms and other emerging technologies. The company has invested around USD 14.2 million in developing advanced solutions.

Segments Covered in the Report

(Note*: We offer report based on sub segments as well. Kindly, let us know if you are interested)

Cybersecurity Market By Component, 2020-2029, (USD Billion)

  • Solution
  • Service

Cybersecurity Market By Solution, 2020-2029, (USD Billion)

  • Identity & Access Management
  • Infrastructure Security
  • Governance Risk & Compliance
  • Unified Vulnerability Management Service Offering
  • Data Security & Privacy Service Offering
  • Others

Cybersecurity Market By Deployment Model, 2020-2029, (USD Billion)

  • Cloud
  • On-Premise

Cybersecurity Market By Enterprise Size, 2020-2029, (USD Billion)

  • Large Enterprises
  • Smes

Cybersecurity Market By Industry Vertical, 2020-2029, (USD Billion)

  • Telecom
  • Automotive
  • Bfsi
  • Public Sector
  • Retail
  • Healthcare
  • It
  • Energy & Utilities
  • Manufacturing
  • Others

Cybersecurity Market By Region, 2020-2029, (USD Billion)

  • North America
  • Asia Pacific
  • Europe
  • South America
  • Middle East And Africa

To know about the assumptions considered for the study download the pdf brochure

Some of the Key Questions Answered in this Report:

  • What focused approach and constraints are holding the Cybersecurity Market demand?
  • SWOT Analysis of each defined key player along with its profile and Porter’s five forces analysis to complement the same.
  • What trends, challenges and barriers will impact the development and sizing of the Global Market?
  • Detailed Overview of Market will help deliver clients and businesses making strategies.
  • Influencing factors that are thriving demand and latest trends running in the market.
  • Market forecast for global Cybersecurity Market split into segments like region, product, applications, end-user, technology, etc.
  • What is the Cybersecurity Market growth momentum or market carries during the forecast period?
  • Which region may tap the highest market share in the coming era?
  • Which application/end-user category or Product Type may seek incremental growth prospects?

Market Dynamics

The Cybersecurity Market variables explored for estimating the market valuation are growth engines, hurdles, opportunities, and threats. These variables and their role in predicting the ups and downs of the industry make the majority of the report. They are used in sizing the value of segments and sub-segments of the market. Moreover, the insights gleaned through astute market research are based on proven methodologies such as Porter’s Five Forces model and can prevent investment mistakes.


The segments and sub-segments within the Cybersecurity Market are highlighted and expounded in detail with value and growth revenue predictions. The estimations are gained from a SWOT analysis conducted by research analysts and based on the demand-supply chain, consumer sentiment, brand acceptance, and socio-economic factors. Government policies and their impact on the segments are taken into consideration.

Regional Outlook

Regions considered in the market are gauged on the basis of performance metrics which differ by economic growth, government support, and investment scenario. Ease of business index and other growth metrics which foster market growth are considered before estimating its value. Figures and statistics from reputed government organizations are included in the report for cementing its value.

By Geography

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Research Methodology

The research methodology contains Cybersecurity Market research conducted in two major steps – primary and secondary research. Primary research comprises raw information acquired from interviews with subject matter experts, corporate executives, and decision-makers of major companies. The focus on qualitative and quantitative research by cross-checking the primary data against fact-checking websites and trustworthy databases comes under secondary research.

Competition Landscape

The competition is analysed with regard to the concentration of players. The Cybersecurity Market trends and patterns are studied and strategies are formulated to navigate through various obstacles and unforeseen circumstances. Expansions, agreements, partnerships, mergers, acquisitions, and collaborations are strategies considered by the players to stay afloat in the industry. The range of products is benchmarked and sized according to features, consumer demand, and price.

Table of Content (TOC):

1. Executive Summary | Cybersecurity Market

1.1. United States Market Outlook

1.2. Regional Market Outlook

1.3. Analysis and Recommendations

2. Market Overview

2.1. Market Taxonomy

2.2. Market Definition

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Development Trends

4. Market Demand (in Value US$ Billion) Analysis 2018 to 2022 and Forecast, 2023 to 2029

4.1. Historical Market Value (US$ Million) Analysis, 2018 to 2022

4.2. Current and Future Market Value (US$ million) Projections, 2023 to 2029

4.2.1. Y-o-Y Growth Trend Analysis

4.2.2. Absolute $ Opportunity Analysis

5. Market Background

5.1. Key Perspectives: What Industry Leaders Are Saying?

5.2. Porter’s Five Forces Analysis

5.3. Macro-Economic Factors

5.4. Forecast Factors – Relevance & Impact

6. Impact of Covid-19 On Cybersecurity Market

6.1. Analysis on Impact of Covid-10 On The Market

6.2. Strategic Decisions for Manufactures after Covid-19 To Gain Competitive Market Share

6.3. Impact on Price, Demand & Supply

6.4. Conclusion

7. Global Cybersecurity Market by Region (USD Millions) (Kilotons)

8. Company Profiles*(Business Overview, Company Snapshot, Products Offered, Recent Developments)

TOC Continued…!

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