Cyber Security Market Size to Garner $500.70 Billion by 2030 at CAGR 12.9% - Grand View Research, Inc.

SAN FRANCISCO, April 22, 2025 /PRNewswire/ -- The global cyber security market size is forecast to reach USD 500.70 billion by 2030, registering a CAGR of 12.9% between 2025 and 2030, according to a new study by Grand View Research Inc. An unprecedented spike in cyber-attacks and the prevalence of sophisticated malware threats have fueled the demand for advanced cyber security tools. Lately, state-of-the-art technologies across manufacturing, banking, information technology, retail and defense sectors have unlocked new growth opportunities amidst rampant malware, phishing denial of service attacks (DoS) and ransomware attacks.

Stakeholders have furthered investments in Internet-of-Things (IoT), edge computing, Artificial Intelligence (AI), Machine Learning (ML), big data analytics, 5G, and cloud computing to roll out new solutions, boost revenue streams and attract potential business clients. To illustrate, in April 2023, Google, Inc. unveiled Cloud Security AI Workbench, powered by Sec-PaLM. This new model is replete with a slew of security intelligence, including threat indicators and research on software vulnerabilities, and provides AI-powered tools to address cyber security challenges.

Trends suggest an increased traction for cyber security solutions and services in the IT and telecom sector as businesses strive to expand their market penetration and boost product portfolios. Furthermore, soaring digitalization has augured well for telecom companies as they continue to inject funds into 5G, IoT, and cloud, thereby boosting the IT and telecom cybersecurity market.

Lately, demand for remote and hybrid work culture has expedited the need for Bring-Your-Own-PC (BYOPC), which has led to the need for remote management, including endpoint security, data encryption and strong authentication. This is likely to boost the number of endpoint devices, fostering the adoption of unified cyber safety solutions.

Read full market research report on Cyber Security Market with TOC - Cyber Security Market Size, Share & Trends Analysis Report By Offering (Hardware, Software, Services), By Security (Endpoint Security), By Organization Size (Large Enterprises), By Deployment (Cloud), By Solution, By End Use, By Region, And Segment Forecasts, 2025 - 2030

A spike in hybrid operating models and remote work has underpinned the adoption of cloud and advanced security measures. The cloud segment is likely to observe a CAGR of 15.9% between 2025 and 2030. The integration of AI in cloud security and companies' emphasis on cloud-based solutions on the back of minimum hardware requirements, low operating costs, and diverse solution availability have spurred segment growth. For instance, automated threat detection and real-time monitoring have prompted industry participants to invest in cloud solutions.

Key market players have joined forces with cloud technology providers to develop DDoS protection solutions and bolster their portfolios. To illustrate, in August 2021, Radware, Inc. collaborated with Internap Holding LLC (INAP), a hybrid IT & enterprise cloud Solutions Company, to utilize its DDoS Protection Services and Cloud Web Application Firewall (WAF) for organizations across the globe. Meanwhile, in October 2024, Atlas Systems announced the rollout of ComplyScore, a cybersecurity software, to reduce risks for mid-to-large-sized companies.

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Cyber Security Market Report Highlights

• The hardware segment is poised to depict a high growth rate of 11.7% from 2025 to 2030. Pervasive cyber threats have prompted organizations to upgrade their IT security by enabling real-time monitoring of threats and offering protection by preventing threats from entering computing systems.
• The cloud security segment is likely to witness a CAGR of over 15.9% during the forecast period. The demand for cloud security solutions has risen to combat data breaches and phishing attacks.
• The IDS/IPS segment could exhibit a CAGR of around 13.4% between 2025 and 2030. Soaring spending on IT security and advancements in network security products will bode well for market growth.
• The SMEs segment is expected to exhibit the fastest CAGR over the forecast period. The growing concern about cyber threats and the increasing availability of low-cost cyber security solutions have spurred the segment growth.
• The healthcare segment is likely to exhibit the fastest CAGR during the forecast period, largely attributed to soaring cases of cyberattacks, ransomware and data breaches. These trends have prompted regulatory bodies to push for stringent data protection measures, auguring well for the segment.
• On the regional front, Asia Pacific is anticipated to witness the fastest CAGR over the forecast period. The growth is mainly attributed to cloud adoption, soaring penetration of IoT devices and the surging demand for cyber security jobs.

Cyber Security Market Segmentation

Grand View Research has segmented the global cyber security market based on offering, security, deployment, organization size, solution, end use, and region:

Cyber Security Offering Outlook (Revenue, USD Billion, 2017 - 2030)

• Hardware
• Software
• Services
• Professional Services

• Consulting
• Governance, Risk, and Compliance (GRC) 
• Incident Response and Readiness
• Implementation and Integration
• Training & Education
• Others
• Managed Services
• Managed Detection and Response
• Managed Protection and Controls
• Managed Security Functions
• Others

Cyber Security Outlook (Revenue, USD Billion, 2017 - 2030)

• Endpoint security
• Cloud Security
• Network Security
• Application Security
• Infrastructure Protection
• Data Security
• Others

Cyber Security Deployment Outlook (Revenue, USD Billion, 2017 - 2030)

• Cloud
• On-premises

Cyber Security Organization Size Outlook (Revenue, USD Billion, 2017 - 2030)

• Large Enterprises
• SMEs

Cyber Security Solution Outlook (Revenue, USD Billion, 2017 - 2030)

• Unified Threat Management (UTM)
• Intrusion Detection System/Intrusion Prevention System (IDS/IPS)
• Data Loss Prevention (DLP)
• Identity and Access Management (IAM)
• Security Information and Event Management (SIEM)
• DDoS
• Risk and Compliance Management
• Others

Cyber Security End Use Outlook (Revenue, USD Billion, 2017 - 2030)

• IT and Telecommunications
• Retail and E-Commerce
• BFSI
• Healthcare
• Government and Defense
• Manufacturing
• Energy and Utilities
• Automotive
• Marine
• Transportation and Logistics
• Others

Regional Outlook (Revenue, USD Billion, 2017 - 2030)

• North America
• U.S.
• Canada
• Mexico
• Europe
• UK
• Germany
• France
• Russia
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• Indonesia
• Singapore
• Malaysia
• Latin America
• Brazil
• MEA
• UAE
• South Africa
• KSA
• Israel

List of Key Players of Cyber Security Market

• Fortinet, Inc.
• IBM Corporation
• Microsoft
• BAE Systems Plc
• Broadcom, Inc.
• Centrify Corporation
• Check Point Software Technology Ltd.
• Palo Alto Networks, Inc.
• Proofpoint, Inc.
• Sophos Ltd

Check out more related studies published by Grand View Research:

• Cyber Security Services Market - The global cyber security services market size is estimated to reach USD 156.76 billion by 2030, registering to grow at a CAGR of 13.6% from 2025 to 2030 according to a new report by Grand View Research, Inc. Continued cybersecurity breaches on the enterprise and individual levels, and the subsequent need to address the vulnerabilities in networks, apps, and systems, are the factors expected to drive the growth.
• Healthcare Cyber Security Market - The global healthcare cyber security market size is expected to reach USD 56.3 billion by 2030 and is expected to expand at a CAGR of 18.5% over the forecast period, according to a new report by Grand View Research, Inc.
• IT And Telecom Cyber Security Market - The global IT and telecom cyber security market size is anticipated to reach USD 76.73 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 14.2% from 2025 to 2030.
• Automotive Cyber Security Market - The global automotive cyber security market size is anticipated to reach USD 14.22 billion by 2030, registering CAGR of 20.93% during 2022 to 2030, according to a new study by Grand View Research Inc.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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SOURCE Grand View Research, Inc.