Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 175.72 Billion

CAGR (2023-2028)

9.41%

Fastest Growing Segment

Healthcare

Largest Market

North America


Market Overview

The global cyber security market was valued at USD 175.72 billion by the end of 2022, with a compound annual growth rate (CAGR) of 9.41% during the forecast period. The global cybersecurity market stands as a linchpin of the modern digital age, poised at the forefront of safeguarding our interconnected world against an ever-evolving spectrum of cyber threats. This expansive and dynamic sector encompasses a wide array of products, services, and solutions designed to protect sensitive data, digital assets, critical infrastructure, and privacy in the digital realm. As the world's reliance on digital technologies continues to burgeon, the demand for robust cybersecurity measures is burgeoning in tandem. From multinational corporations and government agencies to healthcare institutions, financial services, and individuals, nearly all entities and individuals with a digital footprint are stakeholders in this critical ecosystem. The driving forces underpinning the exponential growth of the global cybersecurity market are multifaceted. First and foremost is the relentless proliferation and sophistication of cyber threats. These threats manifest in various forms, including data breaches, ransomware attacks, phishing schemes, and nation-state-sponsored cyber espionage. High-profile incidents have exposed the vulnerabilities in our digital infrastructure, prompting a heightened awareness of the pressing need for cybersecurity. These incidents have also fueled a sense of urgency among organizations and governments, compelling them to allocate substantial resources toward bolstering their cybersecurity defenses.

Moreover, the regulatory landscape has undergone a seismic shift, further propelling the growth of the cybersecurity market. Governments worldwide have enacted stringent data protection laws and regulations designed to safeguard individuals' personal information and hold organizations accountable for data breaches. Examples include the General Data Protection Regulation (GDPR) in Europe, the California Consumer Privacy Act (CCPA), and various sector-specific regulations such as HIPAA in healthcare. These regulations mandate data security, privacy, and breach notification requirements, making cybersecurity compliance a legal imperative. Non-compliance can result in substantial fines and reputational damage, serving as a potent motivator for organizations to invest in cybersecurity measures. The digital transformation of businesses is another pivotal driver of the cybersecurity market. Organizations are increasingly adopting cloud computing, Internet of Things (IoT) devices, mobile technologies, and remote work arrangements to remain competitive and agile. However, these innovations expand the attack surface, introducing new vulnerabilities that cybercriminals are quick to exploit. This digital transformation has necessitated a corresponding transformation in cybersecurity, with organizations seeking adaptive and holistic cybersecurity solutions capable of safeguarding their evolving technological landscapes.

Furthermore, the convergence of advanced technologies such as artificial intelligence (AI) and machine learning (ML) with cybersecurity has ushered in a new era of defense. These technologies empower cybersecurity systems to autonomously detect, analyze, and respond to threats in real-time, reducing response times and enhancing overall security posture. AI-driven threat detection and behavioral analytics have become essential components of modern cybersecurity solutions, providing organizations with an edge in identifying and mitigating cyber threats. Despite the market's remarkable growth and technological advancements, it grapples with persistent challenges. Chief among them is the shortage of skilled cybersecurity professionals. The demand for qualified cybersecurity experts far exceeds the available talent pool, resulting in a scarcity of personnel capable of managing and defending against evolving threats. This skills gap underscores the need for investments in cybersecurity education, training, and workforce development.

Additionally, the rapid pace of technological change presents a dual-edged sword. While it brings forth innovative solutions, it also necessitates continual adaptation and evolution of cybersecurity measures. Cyber attackers are quick to exploit emerging technologies, requiring organizations to remain vigilant, up-to-date, and proactive in their cybersecurity efforts. This dynamic nature of the cybersecurity landscape makes it imperative for organizations to foster a cybersecurity culture and invest in ongoing training and development.

In conclusion, the global cybersecurity market is a dynamic and essential sector, woven into the fabric of the digital age. Driven by escalating cyber threats, shifting regulatory pressures, digital transformation, and technological advancements, this market is poised for continued growth. It serves as a sentinel, protecting our increasingly interconnected world from the perils of the digital frontier, while also facing its own challenges and opportunities in the ever-evolving battle against cyber adversaries.

Key Market Drivers

Escalating Cyber Threat Landscape

The relentless proliferation and sophistication of cyber threats serve as a prominent driver propelling the global cybersecurity market. As the digital age continues to advance, cyber adversaries are devising increasingly sophisticated attack vectors to compromise data, disrupt critical infrastructure, and steal sensitive information. High-profile cyberattacks on multinational corporations, government agencies, healthcare institutions, and critical infrastructure have underscored the vulnerabilities inherent in our interconnected digital world. Ransomware attacks, data breaches, phishing schemes, and nation-state-sponsored cyber espionage activities are among the multifarious threats that organizations and individuals face daily. These incidents not only incur substantial financial losses but also lead to reputational damage and legal ramifications. The escalating threat landscape has galvanized governments, organizations, and individuals alike to prioritize cybersecurity as a fundamental imperative. To counter these evolving threats, organizations are investing in advanced cybersecurity solutions that incorporate threat detection, incident response, and threat intelligence capabilities. Additionally, individuals are adopting best practices for online security and privacy to protect their digital identities. This heightened awareness and commitment to cybersecurity are driving the demand for cutting-edge cybersecurity products and services.

Stringent Regulatory Environment

The global cybersecurity market is further bolstered by the stringent regulatory landscape governing data protection, privacy, and cybersecurity. Governments worldwide have responded to the rising tide of cyber threats by enacting comprehensive data protection laws and regulations designed to safeguard individuals' personal information and hold organizations accountable for data breaches. One of the most influential regulations is the European Union's General Data Protection Regulation (GDPR), which imposes stringent data security and privacy requirements on organizations handling EU citizens' data. The GDPR has had far-reaching effects, not only in Europe but also globally, as many organizations must adhere to its provisions to conduct business with EU residents. Similarly, the California Consumer Privacy Act (CCPA) in the United States and sector-specific regulations like HIPAA in healthcare and FISMA in the federal government sector mandate data security, privacy, and breach notification requirements. The penalties for non-compliance with these regulations can be substantial, including hefty fines and reputational damage. As a result, organizations are compelled to invest in cybersecurity measures to ensure compliance with these regulations. This includes deploying robust security solutions, implementing data encryption, conducting regular security audits, and adhering to strict breach notification protocols. The regulatory environment serves as a driving force for organizations to fortify their cybersecurity defenses continually.

Digital Transformation and Emerging Technologies

The ongoing digital transformation of businesses across industries is a significant driver reshaping the global cybersecurity market. Organizations are increasingly adopting digital technologies such as cloud computing, the Internet of Things (IoT), mobile applications, and remote work arrangements to enhance productivity and agility. However, this digital transformation also extends the attack surface, introducing new vulnerabilities that cybercriminals are quick to exploit. The proliferation of IoT devices, often characterized by limited security features, has opened up new avenues for cyberattacks. Remote work arrangements, necessitated by the COVID-19 pandemic, have amplified cybersecurity challenges, with attackers targeting remote access points and exploiting vulnerabilities in home networks. Moreover, emerging technologies like artificial intelligence (AI) and machine learning (ML) are being harnessed by both cybersecurity defenders and adversaries. AI-driven threat detection and behavioral analytics are transforming cybersecurity by enabling real-time threat identification and automated response, reducing response times and enhancing overall security posture. Conversely, cybercriminals are also leveraging AI to execute more sophisticated attacks, making it imperative for organizations to stay one step ahead. The digital transformation's impact on cybersecurity is twofold: organizations are adopting advanced cybersecurity solutions to protect their expanding attack surfaces, while also integrating AI and ML into their defenses to adapt to the evolving threat landscape.

Heightened Awareness and Cultural Shift

Another vital driver for the global cybersecurity market is the heightened awareness of cybersecurity issues and the cultural shift toward proactive cybersecurity practices. High-profile cyberattacks and data breaches have permeated public consciousness, reinforcing the notion that cybersecurity is everyone's responsibility, not just the purview of IT professionals. Individuals, employees, and consumers are becoming more educated about cybersecurity best practices, such as strong password management, two-factor authentication, and safe internet browsing habits. This cultural shift is compelling individuals and organizations to take cybersecurity seriously. Additionally, organizations are fostering a cybersecurity culture by implementing security awareness training programs for employees, conducting simulated phishing exercises, and promoting a security-first mindset throughout their workforce. This cultural shift toward proactive cybersecurity practices is reducing the human element's susceptibility to social engineering attacks and improving overall security posture. Furthermore, the awareness of cybersecurity risks is driving individuals and organizations to invest in advanced security products and services. There is a growing understanding that cybersecurity is an ongoing process that requires continuous vigilance and investment. efficiency.


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Key Market Challenges

Evolving Cyber Threat Landscape and Complexity

One of the foremost challenges confronting the global cybersecurity market is the relentless evolution and increasing complexity of the cyber threat landscape. Cyber adversaries continually devise new tactics, techniques, and procedures (TTPs) to breach security defenses, infiltrate networks, and compromise sensitive data. This dynamic nature of cyber threats presents a formidable challenge for organizations and cybersecurity professionals alike. Cyberattacks have become increasingly sophisticated and diverse. High-profile incidents such as ransomware attacks, supply chain compromises, and nation-state-sponsored cyber espionage highlight the adaptability and audacity of cybercriminals and threat actors. Threats come in various forms, including malware, phishing campaigns, zero-day exploits, and advanced persistent threats (APTs). Moreover, the rapid expansion of the attack surface due to the proliferation of IoT devices, remote work, and cloud adoption provides cybercriminals with more entry points and attack vectors. The challenge for the cybersecurity market is to stay ahead of these evolving threats. Traditional signature-based approaches to threat detection are becoming less effective, as they struggle to identify previously unknown or "zero-day" threats.

Organizations are increasingly turning to advanced technologies like artificial intelligence (AI) and machine learning (ML) to enhance threat detection by analyzing vast datasets, identifying patterns, and detecting anomalies in real-time. However, even AI-driven solutions require constant updating and adaptation to remain effective. Furthermore, the complexity of modern IT environments poses a challenge. Hybrid and multi-cloud infrastructures, diverse endpoints, and the use of third-party applications and services create intricate ecosystems that need robust cybersecurity measures. Managing and securing these complex environments necessitates holistic solutions and a proactive, threat-focused mindset. Addressing the evolving cyber threat landscape requires ongoing investment in cybersecurity research and development, threat intelligence sharing, and collaboration among organizations and governments. Cybersecurity professionals must remain vigilant and adapt their strategies to combat emerging threats effectively.

Cybersecurity Skills Shortage

Another significant challenge facing the global cybersecurity market is the acute shortage of skilled cybersecurity professionals. The demand for cybersecurity expertise far exceeds the available talent pool, leading to a substantial skills gap that poses a considerable risk to organizations' security postures. The shortage of cybersecurity professionals is a multifaceted challenge. First, the rapid growth of the digital economy has led to a surge in demand for cybersecurity specialists across industries, from financial services and healthcare to government agencies and technology companies. This demand is fueled by the increasing frequency and complexity of cyber threats, the need for regulatory compliance, and the expansion of digital initiatives. Second, the field of cybersecurity is highly dynamic, requiring professionals to stay current with evolving threats, technologies, and compliance requirements. This ongoing learning and skill development are essential to effectively defend against emerging threats. Third, cybersecurity roles often require a deep and diverse skill set, encompassing areas such as network security, application security, incident response, threat hunting, and compliance management. Finding individuals with the breadth and depth of expertise required for these roles is challenging. The cybersecurity skills shortage has several consequences for the market and organizations. It often results in higher salaries for cybersecurity professionals, which can strain organizations' budgets. Additionally, organizations may resort to outsourcing security functions to managed security service providers (MSSPs) to fill the skills gap, but this approach may not always be feasible or cost-effective.

Key Market Trends

Cybersecurity AI and Machine Learning Advancements

One of the prominent trends driving the global cybersecurity market is the rapid advancement of artificial intelligence (AI) and machine learning (ML) technologies. These technologies have revolutionized the cybersecurity landscape by enhancing threat detection, incident response, and overall security posture. AI and ML enable cybersecurity systems to analyze vast datasets, identify patterns, and detect anomalies in real-time. This capability is particularly valuable in identifying previously unknown or "zero-day" threats that traditional signature-based approaches may miss. Machine learning models can adapt and improve their accuracy over time by continuously learning from new data and threat intelligence. As a result, the global cybersecurity market is witnessing a proliferation of AI and ML-driven cybersecurity solutions. These include AI-powered threat detection platforms, automated incident response systems, and behavior-based analytics tools that can detect abnormal activities indicative of cyberattacks. Moreover, AI and ML are being used to enhance user and entity behavior analytics (UEBA) solutions, which monitor and analyze user activities and network behavior to identify insider threats and compromised accounts. This trend reflects the increasing importance of proactive threat detection and mitigation. Organizations across industries are investing in AI and ML-driven cybersecurity solutions to stay ahead of evolving cyber threats. The integration of these technologies into security systems enables faster and more accurate threat detection and response, ultimately bolstering overall cybersecurity resilience.

Cloud Security and Zero Trust Architecture

Another significant trend in the global cybersecurity market is the growing emphasis on cloud security and the adoption of Zero Trust architecture. The proliferation of cloud computing has transformed the way organizations operate and manage their digital assets. However, it has also introduced new security challenges that require innovative solutions. Cloud security encompasses a range of technologies and practices designed to protect data, applications, and infrastructure in cloud environments. With the increasing migration of critical workloads to the cloud, organizations are investing in cloud-native security solutions that provide visibility, control, and threat detection capabilities specific to cloud deployments. Moreover, the adoption of Zero Trust architecture is gaining momentum. Zero Trust challenges the traditional security model that assumes trust within the network perimeter. Instead, it advocates a "never trust, always verify" approach, where trust is never assumed, and access to resources is strictly controlled based on identity verification, continuous monitoring, and least privilege access. This trend reflects the need for a more adaptive and dynamic security posture in the face of evolving threats and the expanding attack surface created by remote work, mobile devices, and cloud services. Organizations are investing in Zero Trust frameworks and technologies to strengthen their security posture, reduce the risk of insider threats, and prevent lateral movement by attackers within their networks. The global cybersecurity market is responding with a plethora of cloud security solutions, including cloud access security brokers (CASBs), cloud-native security platforms, and Zero Trust network access (ZTNA) solutions. These offerings cater to organizations' needs for comprehensive cloud protection and a more robust security framework that aligns with the modern digital landscape.

Cybersecurity as a Service (SECaaS)

Cybersecurity as a Service (SECaaS) is emerging as a compelling trend in the global cybersecurity market. SECaaS involves the delivery of cybersecurity solutions and services through a subscription-based model, like Software as a Service (SaaS). This trend reflects the growing demand for flexible and scalable cybersecurity solutions that can adapt to evolving threats and organizational needs. SECaaS offerings encompass a wide range of cybersecurity services, including threat detection and response, security information and event management (SIEM), managed security services (MSS), and vulnerability management. Organizations can select and customize services based on their specific requirements, making it a cost-effective and tailored approach to cybersecurity. choices.

Segmental Insights

Security Type Insights

Based on security type, the application security segment emerges as the predominant segment, exhibiting unwavering dominance projected throughout the forecast period.  Application security focuses on safeguarding software and applications from vulnerabilities and malicious threats. With the proliferation of digital applications across industries, from mobile apps to web-based platforms, the need to fortify these software elements against cyberattacks is paramount. This segment encompasses a range of solutions, including code scanning, penetration testing, and runtime protection, all geared towards identifying and mitigating vulnerabilities. The ever-evolving threat landscape and stringent data protection regulations further elevate the significance of application security. As organizations prioritize the protection of sensitive data and customer trust, the application security segment remains indispensable, driving innovation and cybersecurity resilience in the global market.

End User Insights

Based on end user, the healthcare segment emerges as a formidable frontrunner, exerting its dominance and shaping the market's trajectory throughout the forecast period.  Healthcare institutions and providers are increasingly adopting smart home technologies to revolutionize patient care, improve operational efficiency, and enhance the overall healthcare experience. Smart homes offer solutions like remote patient monitoring, wearable health devices, and integrated healthcare systems that enable real-time data collection and analysis, ensuring better patient outcomes and reduced healthcare costs. Furthermore, the COVID-19 pandemic has accelerated the adoption of telehealth solutions, further reinforcing the healthcare sector's dominance in the smart homes market. With a relentless commitment to innovation and improving healthcare delivery, the healthcare segment is poised to continue its influential role, steering the global smart homes market towards a future defined by advanced, patient-centric care.


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Regional Insights

North America firmly establishes itself as a commanding presence within the global cyber security market, affirming its preeminent position, and highlighting its pivotal role in shaping the industry's course. Several compelling factors contribute to this dominance. First and foremost, the region is home to a wealth of cybersecurity innovators and industry leaders, including renowned technology hubs like Silicon Valley. These entities continually drive technological advancements and set the pace for cybersecurity solutions worldwide. Moreover, North America places significant emphasis on cybersecurity at both governmental and corporate levels. Stringent regulations and active collaboration between public and private sectors serve to fortify the nation's cyber defenses. This commitment extends to international cooperation, as North America plays a crucial role in global efforts to combat cyber threats. The region's large and diverse economy, spanning finance, healthcare, critical infrastructure, and more, fosters a heightened awareness of cybersecurity risks. Consequently, substantial investments are funneled into cutting-edge cybersecurity solutions, reinforcing North America's position as a global leader in cyber resilience. With a deep pool of cybersecurity talent and a steadfast commitment to addressing evolving threats, North America's influence in shaping the cybersecurity industry remains unassailable, safeguarding digital assets and guiding the sector's evolution worldwide.

Recent Developments

  • In February 2023, Check Point Software Technologies Ltd unveiled Check Point Horizon XDR/XPR, an innovative collaborative cybersecurity solution designed to provide robust protection against emerging cyber threats. This solution stands out by intelligently analysing data and proactively countering attacks across all potential vectors. By doing so, it minimizes the potential impact of threats and simplifies incident comprehension and response for supervisors and analysts.
  • In December 2022, CrowdStrike made a significant announcement regarding the enhancement of the CrowdStrike Falcon platform. They introduced an advanced solution for External Attack Surface Management (EASM), renowned as the industry's finest, aimed at providing superior adversary intelligence and real-time detection of internet access threats. As part of this platform update, CrowdStrike introduced the CrowdStrike Falcon Surface, which is a standalone module incorporating capabilities acquired through the recent Reposify acquisition.
  • In September 2022, Forescout Technologies, a global leader in automated cybersecurity solutions, unveiled an exciting healthcare cybersecurity collaboration with First Health Advisory, a provider specializing in healthcare IT risk management. This partnership introduced a groundbreaking method for managing the risks associated with connected assets in healthcare settings. It accomplished this by automating the collection of technical data, implementing mitigation strategies, and reducing risks across the entirety of a healthcare organization's network, which encompasses a wide array of assets, including IT, Internet of Things (IoT), Operational Technology (OT), and Internet of Medical Things (IoMT) devices.

Key Market Players

  • CrowdStrike Holdings Inc.
  • Check Point Software Technologies Ltd
  • Cisco Systems Inc.
  • CyberArk Software Ltd
  • Dell Technologies Inc.
  • Mandiant Inc.
  • Fortinet Inc.
  • IBM Corporation
  • Imperva Inc.
  • Intel Security (Intel Corporation)

By Component

By Security Type

By Deployment Mode

By End User

By Region

       Hardware

       Software

       Services

       Network Security

       Content Security

       Application Security

       Endpoint & IoT Security

       Others

       Cloud

       On-Premises

       BFSI

       Healthcare

       Aerospace & Defense

       IT & Telecommunication

       Government

       Retail

       Manufacturing

       Others

       North America

       Europe

       South America

       Middle East & Africa

       Asia Pacific

Report Scope:

In this report, the global cyber security market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Global Cyber Security Market, By Component:

o   Hardware

o   Software

o   Services

  • Global Cyber Security Market, By Security Type:

o   Network Security

o   Content Security

o   Application Security

o   Endpoint & IoT Security

o   Others

  • Global Cyber Security Market, By Deployment Mode:

o   Cloud

o   On-Premises

  • Global Cyber Security Market, By End User:

o   BFSI

o   Healthcare

o   Aerospace & Defense

o   IT & Telecommunication

o   Government

o   Retail

o   Manufacturing

o   Others

  • Global Cyber Security Market, By Region:

o   North America

o   Europe

o   South America

o   Middle East & Africa

o   Asia Pacific

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Cyber Security Market.

Available Customizations:

Global Cyber Security market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Cyber Security Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

4.    Impact of COVID-19 on Global Cyber Security Market

5.    Voice of Customer

6.    Global Cyber Security Market Overview

7.    Global Cyber Security Market Outlook

7.1.  Market Size & Forecast

7.1.1. By Value

7.2.  Market Share & Forecast

7.2.1. By Component (Hardware, Software, Services)

7.2.2. By Security Type (Network Security, Content Security, Application Security, Endpoint & IoT Security, Others)

7.2.3. By Deployment Mode (Cloud, On-Premises)

7.2.4. By End User (BFSI, Healthcare, Aerospace & Defense, IT & Telecommunication, Government, Retail, Manufacturing, Others)

7.2.5. By Top 10 Country

7.2.6. By Company (2022)

7.3.  Market Map

8.    North America Cyber Security Market Outlook

8.1.  Market Size & Forecast

8.1.1. By Value

8.2.  Market Share & Forecast

8.2.1. By Component

8.2.2. By Security Type

8.2.3. By Deployment Mode

8.2.4. By End User

8.3.  North America: Country Analysis

8.3.1. United States Cyber Security Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.            By Value 

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.            By Component

8.3.1.2.2.            By Security Type

8.3.1.2.3.            By Deployment Mode

8.3.1.2.4.            By End User

8.3.2. Canada Cyber Security Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.            By Value 

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.            By Component

8.3.2.2.2.            By Security Type

8.3.2.2.3.            By Deployment Mode

8.3.2.2.4.            By End User

8.3.3. Mexico Cyber Security Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.            By Value 

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.            By Component

8.3.3.2.2.            By Security Type

8.3.3.2.3.            By Deployment Mode

8.3.3.2.4.            By End User

9.    Europe Cyber Security Market Outlook

9.1.  Market Size & Forecast

9.1.1. By Value

9.2.  Market Share & Forecast

9.2.1. By Component

9.2.2. By Security Type

9.2.3. By Deployment Mode

9.2.4. By End User

9.3.  Europe: Country Analysis

9.3.1. Germany Cyber Security Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.            By Value 

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.            By Component

9.3.1.2.2.            By Security Type

9.3.1.2.3.            By Deployment Mode

9.3.1.2.4.            By End User

9.3.2. United Kingdom Cyber Security Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.            By Value 

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.            By Component

9.3.2.2.2.            By Security Type

9.3.2.2.3.            By Deployment Mode

9.3.2.2.4.            By End User

9.3.3. France Cyber Security Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.            By Value 

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.            By Component

9.3.3.2.2.            By Security Type

9.3.3.2.3.            By Deployment Mode

9.3.3.2.4.            By End User

9.3.4. Spain Cyber Security Market Outlook

9.3.4.1.        Market Size & Forecast

9.3.4.1.1.            By Value 

9.3.4.2.        Market Share & Forecast

9.3.4.2.1.            By Component

9.3.4.2.2.            By Security Type

9.3.4.2.3.            By Deployment Mode

9.3.4.2.4.            By End User

9.3.5. Italy Cyber Security Market Outlook

9.3.5.1.        Market Size & Forecast

9.3.5.1.1.            By Value 

9.3.5.2.        Market Share & Forecast

9.3.5.2.1.            By Component

9.3.5.2.2.            By Security Type

9.3.5.2.3.            By Deployment Mode

9.3.5.2.4.            By End User

10.  South America Cyber Security Market Outlook

10.1.   Market Size & Forecast

10.1.1.              By Value

10.2.   Market Share & Forecast

10.2.1.              By Component

10.2.2.              By Security Type

10.2.3.              By Deployment Mode

10.2.4.              By End User

10.3.   South America: Country Analysis

10.3.1.              Brazil Cyber Security Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value 

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Component

10.3.1.2.2.         By Security Type

10.3.1.2.3.         By Deployment Mode

10.3.1.2.4.         By End User

10.3.2.              Argentina Cyber Security Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value 

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Component

10.3.2.2.2.         By Security Type

10.3.2.2.3.         By Deployment Mode

10.3.2.2.4.         By End User

10.3.3.              Colombia Cyber Security Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value 

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Component

10.3.3.2.2.         By Security Type

10.3.3.2.3.         By Deployment Mode

10.3.3.2.4.         By End User

11.  Middle East & Africa Cyber Security Market Outlook

11.1.   Market Size & Forecast

11.1.1.              By Value

11.2.   Market Share & Forecast

11.2.1.              By Component

11.2.2.              By Security Type

11.2.3.              By Deployment Mode

11.2.4.              By End User

11.3.   Middle East & America: Country Analysis

11.3.1.              Israel Cyber Security Market Outlook

11.3.1.1.     Market Size & Forecast

11.3.1.1.1.         By Value 

11.3.1.2.     Market Share & Forecast

11.3.1.2.1.         By Component

11.3.1.2.2.         By Security Type

11.3.1.2.3.         By Deployment Mode

11.3.1.2.4.         By End User

11.3.2.              Qatar Cyber Security Market Outlook

11.3.2.1.     Market Size & Forecast

11.3.2.1.1.         By Value 

11.3.2.2.     Market Share & Forecast

11.3.2.2.1.         By Component

11.3.2.2.2.         By Security Type

11.3.2.2.3.         By Deployment Mode

11.3.2.2.4.         By End User

11.3.3.              UAE Cyber Security Market Outlook

11.3.3.1.     Market Size & Forecast

11.3.3.1.1.         By Value 

11.3.3.2.     Market Share & Forecast

11.3.3.2.1.         By Component

11.3.3.2.2.         By Security Type

11.3.3.2.3.         By Deployment Mode

11.3.3.2.4.         By End User

11.3.4.              Saudi Arabia Cyber Security Market Outlook

11.3.4.1.     Market Size & Forecast

11.3.4.1.1.         By Value 

11.3.4.2.     Market Share & Forecast

11.3.4.2.1.         By Component

11.3.4.2.2.         By Security Type

11.3.4.2.3.         By Deployment Mode

11.3.4.2.4.         By End User

12.  Asia Pacific Cyber Security Market Outlook

12.1.   Market Size & Forecast

12.1.1.              By Value

12.2.   Market Share & Forecast

12.2.1.              By Component

12.2.2.              By Security Type

12.2.3.              By Deployment Mode

12.2.4.              By End User

12.3.   Asia Pacific: Country Analysis

12.3.1.              China Cyber Security Market Outlook

12.3.1.1.     Market Size & Forecast

12.3.1.1.1.         By Value 

12.3.1.2.     Market Share & Forecast

12.3.1.2.1.         By Component

12.3.1.2.2.         By Security Type

12.3.1.2.3.         By Deployment Mode

12.3.1.2.4.         By End User

12.3.2.              Japan Cyber Security Market Outlook

12.3.2.1.     Market Size & Forecast

12.3.2.1.1.         By Value 

12.3.2.2.     Market Share & Forecast

12.3.2.2.1.         By Component

12.3.2.2.2.         By Security Type

12.3.2.2.3.         By Deployment Mode

12.3.2.2.4.         By End User

12.3.3.              South Korea Cyber Security Market Outlook

12.3.3.1.     Market Size & Forecast

12.3.3.1.1.         By Value 

12.3.3.2.     Market Share & Forecast

12.3.3.2.1.         By Component

12.3.3.2.2.         By Security Type

12.3.3.2.3.         By Deployment Mode

12.3.3.2.4.         By End User

12.3.4.              India Cyber Security Market Outlook

12.3.4.1.     Market Size & Forecast

12.3.4.1.1.         By Value 

12.3.4.2.     Market Share & Forecast

12.3.4.2.1.         By Component

12.3.4.2.2.         By Security Type

12.3.4.2.3.         By Deployment Mode

12.3.4.2.4.         By End User

12.3.5.              Australia Cyber Security Market Outlook

12.3.5.1.     Market Size & Forecast

12.3.5.1.1.         By Value 

12.3.5.2.     Market Share & Forecast

12.3.5.2.1.         By Component

12.3.5.2.2.         By Security Type

12.3.5.2.3.         By Deployment Mode

12.3.5.2.4.         By End User

13.  Market Dynamics

13.1.   Drivers

13.2.   Challenges

14.  Market Trends and Developments

15.  Company Profiles

15.1.   CrowdStrike Holdings Inc.

15.1.1.              Business Overview

15.1.2.              Key Financials & Revenue

15.1.3.              Key Contact Person

15.1.4.              Headquarters Address

15.1.5.              Key Product/Service Offered

15.2.   Check Point Software Technologies Ltd

15.2.1.              Business Overview

15.2.2.              Key Financials & Revenue

15.2.3.              Key Contact Person

15.2.4.              Headquarters Address

15.2.5.              Key Product/Service Offered

15.3.   Cisco Systems Inc.

15.3.1.              Business Overview

15.3.2.              Key Financials & Revenue

15.3.3.              Key Contact Person

15.3.4.              Headquarters Address

15.3.5.              Key Product/Service Offered

15.4.   CyberArk Software Ltd

15.4.1.              Business Overview

15.4.2.              Key Financials & Revenue

15.4.3.              Key Contact Person

15.4.4.              Headquarters Address

15.4.5.              Key Product/Service Offered

15.5.   Dell Technologies Inc.

15.5.1.              Business Overview

15.5.2.              Key Financials & Revenue

15.5.3.              Key Contact Person

15.5.4.              Headquarters Address

15.5.5.              Key Product/Service Offered

15.6.   Mandiant Inc.

15.6.1.              Business Overview

15.6.2.              Key Financials & Revenue

15.6.3.              Key Contact Person

15.6.4.              Headquarters Address

15.6.5.              Key Product/Service Offered

15.7.   Fortinet Inc.

15.7.1.              Business Overview

15.7.2.              Key Financials & Revenue

15.7.3.              Key Contact Person

15.7.4.              Headquarters Address

15.7.5.              Key Product/Service Offered

15.8.   IBM Corporation

15.8.1.              Business Overview

15.8.2.              Key Financials & Revenue

15.8.3.              Key Contact Person

15.8.4.              Headquarters Address

15.8.5.              Key Product/Service Offered

15.9.   Imperva Inc.

15.9.1.              Business Overview

15.9.2.              Key Financials & Revenue

15.9.3.              Key Contact Person

15.9.4.              Headquarters Address

15.9.5.              Key Product/Service Offered

15.10.   Intel Security (Intel Corporation)

15.10.1.            Business Overview

15.10.2.            Key Financials & Revenue

15.10.3.            Key Contact Person

15.10.4.            Headquarters Address

15.10.5.            Key Product/Service Offered

16.  Strategic Recommendations

17.  About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the global cyber security market was USD 175.72 Billion in 2022.

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In 2022, software was the dominant segment by component in the global cyber security market. Smart home software, including operating systems, mobile apps, and cloud-based platforms, orchestrates the seamless control and communication of connected devices. It empowers users to manage lighting, security, and more remotely, even though voice commands. With advancing AI and machine learning, smart home software adapts to user preferences, enhancing home automation. This segment's pivotal role in enabling intelligent and interconnected homes positions it as the driving force behind the sustained growth of the global smart homes market.

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Key players in the market are CrowdStrike Holdings Inc., Check Point Software Technologies Ltd, Cisco Systems Inc., CyberArk Software Ltd., Dell Technologies Inc., Mandiant Inc., Fortinet Inc., IBM Corporation, Imperva Inc., Intel Security (Intel Corporation), and others.

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Escalating cyber threat landscape and stringent regulatory environment are the major drivers for the global cyber security market.