Cyber Security Industry
The global cyber security market was valued at USD 245.62 billion in 2024 and is expected to grow at a compound annual growth rate (CAGR) of 12.9% from 2025 to 2030. The market’s growth is being driven by a rising number of cyber-attacks, which have become more frequent due to the rapid expansion of e-commerce platforms, the widespread adoption of smart devices, and the increasing deployment of cloud computing infrastructure. Additionally, the growing use of devices connected through the Internet of Things (IoT) and other intelligent technologies is likely to result in a higher volume of cyber threats. Consequently, businesses and organizations across various sectors are expected to adopt more sophisticated cyber security measures in order to minimize the risk of cyber-attacks, which in turn is expected to support the overall growth of the cyber security industry.
As the digital environment continues to evolve into a more complex and interconnected system, there is an urgent need for security systems that are adaptive, multi-layered, and capable of self-learning. The emergence of mobile-connected devices, the widespread use of electronic communication, the rapid expansion of social media platforms, and an increasing dependency on Big Data analytics have intensified the need for enhanced and regularly updated cybersecurity infrastructure. In response to these evolving threats, governments around the world have increased investments in cybersecurity technologies to safeguard critical devices and sensitive data from malicious attacks, further fueling market expansion.
Technological progress in areas such as artificial intelligence (AI), machine learning (ML), big data analytics, the Internet of Things (IoT), 5G networks, edge computing, and cloud computing is providing companies in the cyber security space with the tools needed to develop innovative solutions. These advancements enable service providers to create products tailored to the evolving needs of modern businesses, helping them attract new clients and grow their market presence. For example, in June 2021, Broadcom Inc. introduced Adaptive Protection, a security solution within Symantec’s Endpoint Security portfolio. This solution utilizes machine learning technology to offer dynamic and automated security responses to cyber threats. By using AI to tailor endpoint security, it also helps customers reduce operational costs, delivering more efficient and targeted protection.
Curious about the Cyber Security Market, Download your FREE sample copy now and get a sneak peek into the latest insights and trends.
Frequently Asked Questions About This Report
- What is the estimated size of the global cyber security market in 2024?
In 2024, the global cyber security market was valued at USD 245.62 billion. This figure represents the total value of products and services used to protect systems, networks, and data from cyber threats, covering sectors such as banking, healthcare, government, defense, IT, and more. - What is the expected growth rate of the cyber security market?
The market is projected to expand at a compound annual growth rate (CAGR) of 12.9% from 2025 to 2030. This rapid growth reflects the increasing sophistication of cyber threats and the urgent need for advanced protective solutions across both private and public sectors. - What are the key factors driving the growth of the cyber security market?
Several factors contribute to the market’s growth:
- A significant rise in cyber-attacks, driven by the growing adoption of e-commerce platforms.
- The increasing use of smart and connected devices.
- Widespread deployment of cloud-based services.
- The rapid proliferation of Internet of Things (IoT) technologies.
These factors have heightened the exposure to cyber threats, prompting organizations to adopt comprehensive cyber security measures.
- How is the growing use of IoT devices impacting the cyber security industry?
IoT devices, while offering convenience and operational efficiency, often expand the attack surface for hackers. The increase in connected devices means more potential vulnerabilities, making cyber security solutions essential for ensuring secure communication and protecting sensitive data across networks. - Why are organizations investing more in advanced cyber security solutions?
Businesses and government institutions are facing increasingly complex and frequent cyber threats. As a result, they are turning to advanced solutions that offer real-time monitoring, threat detection, and automated response capabilities to minimize risks, reduce damage, and maintain data integrity. - How are governments supporting cyber security market growth?
Governments around the world are significantly increasing their cybersecurity budgets. This investment is aimed at strengthening national cyber defenses, securing public data, protecting critical infrastructure, and ensuring compliance with emerging cyber regulations. These initiatives are also helping to stimulate the broader cyber security market.
Order a free sample PDF of the Cyber Security Market Intelligence Study, published by Grand View Research.
