The global cyber security market size was estimated at USD 245.62 billion in 2024 and is projected to reach USD 500.70 billion by 2030, growing at a CAGR of 12.9% from 2025 to 2030. The market growth is primarily driven by the rising incidence of cyberattacks fueled by the expansion of e-commerce platforms, smart devices, and cloud deployment.
The increasing adoption of Internet of Things (IoT) and intelligent technologies has heightened vulnerability to cyber threats, prompting organizations to adopt advanced cyber security solutions to mitigate risks. Furthermore, the widespread shift toward remote working models, along with Bring Your Own Device (BYOD) and Choose Your Own Device (CYOD) policies, has expanded the attack surface for cybercriminals, necessitating stronger digital protection measures.
Traditional security frameworks are often inadequate against Advanced Persistent Threats (APT) and sophisticated malware, leading to a growing demand for AI-driven and automated cyber defense systems. Additionally, the cybersecurity training market is witnessing rapid growth as companies emphasize workforce education to prevent data breaches and mitigate security risks.
Key Market Trends & Insights
- North America dominated the market with a revenue share of over 34% in 2024.
- The U.S. cyber security market is expected to experience substantial growth.
- By security type, the infrastructure protection segment held the largest revenue share in 2024.
- By organization size, the large enterprises segment accounted for the largest share in 2024.
- By solution, the Identity and Access Management (IAM) segment led the market in 2024.
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Market Size & Forecast
- 2024 Market Size: USD 245.62 Billion
- 2030 Projected Market Size: USD 500.70 Billion
- CAGR (2025–2030): 12.9%
- North America: Largest market in 2024
- Asia Pacific: Fastest-growing market
Competitive Landscape
Some of the key players operating in the cyber security industry include IBM Corporation, Microsoft, Broadcom, Inc., and Fortinet, Inc.
- IBM Corporation is a global leader offering a comprehensive portfolio of cybersecurity solutions and services designed to combat evolving digital threats. With expertise in AI, automation, and hybrid cloud security, IBM provides cutting-edge tools for threat management, data protection, and identity access management. Its flagship IBM Security QRadar platform offers advanced threat detection and response capabilities, while its Zero Trust Architecture and X-Force Threat Intelligence initiatives strengthen enterprise resilience against emerging risks.
- Microsoft leverages its vast ecosystem to deliver end-to-end cybersecurity solutions across cloud and hybrid environments. Its products, including Microsoft Defender, Azure Security Center, and Microsoft Sentinel, provide real-time threat detection, compliance management, and proactive defense. The company’s Zero Trust security framework and AI-driven analytics empower organizations to protect assets against sophisticated cyberattacks, reinforcing Microsoft’s leadership in the global cybersecurity landscape.
Key Companies Profiled
- 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.
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Conclusion
The global cyber security market continues to evolve rapidly as organizations adopt digital transformation and cloud-first strategies. Rising cyber threats, increased IoT penetration, and remote work models are fueling the need for robust, AI-driven security frameworks. Ongoing innovation by leading players, coupled with growing awareness around data protection and regulatory compliance, will drive sustained market expansion. As enterprises prioritize Zero Trust architecture and cyber resilience, the market is expected to maintain strong momentum through the coming years.
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