Global Cyber Security Market: Insights & Forecast (2022-2026)

Global Cyber S ecurity Market (By S egment, End -Users &
Region): Insights & Forecast with Potential Impact of
COVID-19
December 2022

Executive Summary
The global cyber security market is forecasted to reach US$297.2 billion in 2026, experiencing growth at a CAGR of 7.54%
during the period spanning from 2022 to 2026. Growth in the global cyber security market was supported by factors such as
surge in cyber crime rate, increasing digitalization, rise in cyber security regulations, evolution of Internet of Things (IoT)
devices, upsurge in web traffic, surge in tech startups, and rising e-commerce sales. However, the market growth is expected
to be restrained by complexity of network infrastructure and higher reliance on traditional authentication methods.
The global cyber security market by type can be segmented as follows: security services, infrastructure protection, network
security, identity access management, consumer security services, integrated risk management, data security, application
security, cloud security and other information security software. In 2021, the dominant share of global cyber security market
was held by security services, followed by infrastructure protection. The global cyber security market by end user can be
segmented as follows: government, IT & telecom, banking, manufacturing, insurance, transportation, securities and others.
The largest share of the market was being held by government, followed by IT & telecom and banking.
The global cyber security market by region can be segmented as follows: North America, Europe, Asia Pacific, Latin America
and Middle East & Africa. In 2021, the dominant share of market was being held by North America, followed by Europe and
Asia Pacific. Factors such as surge in tech startups and rising e-commerce sales helped in boosting market growth.
Global Cyber Security Market (By Segment, End-Users & Region): Insights & Forecast with Potential
Impact of COVID-19 (2022-2026)

Executive Summary
Scope of the report:
• The report provides a comprehensive analysis of the global cyber security market with potential impact of COVID-19.
• The major regional markets (North America, Europe, Asia Pacific, Latin America and Middle East & Africa) have been
analyzed.
• The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
• The competitive landscape of the market, along with the company profiles of leading players (International Business
Machines Corporation (IBM), Cisco Systems, Inc., Broadcom Inc., Palo Alto Networks, Inc., McAfee Corp., Check Point
Software Technologies Limited) are also presented in detail.
Key Target Audience:
• IT services companies
• Cyber security solution providers
• End Users (Businesses/Consumers)
• Investment Banks
• Government Bodies & Regulating Authorities

Report Coverage
Introduction/ Overview
Market Analysis
Competitive Landscape
Company Profiles
Impact of COVID-19
Market Dynamics – Drivers, Trends & Challenges
Regional Analysis

Types of Cyber Security
Security Type Sub- Sectors
Cloud Security Cloud Access Security Brokers
Network Security
Firewall and Next-Generation Firewalls, UTM Products, Intrusion Detection and
Prevention Systems, Network Access Control, Network Detection and Response
Application Security Vulnerability Assessment, Application Security Testing, Web Application Firewalls
Identity and Access
Management
Access Management, Privileged Access Management, Identity Governance and
Administration, User Authentication
Infrastructure Protection
Endpoint Protection Platform (Enterprise), Secure Email Gateway, Secure Web Gateway,
Security Information and Event Management, Threat Intelligence
Data Security Enterprise Data Loss Prevention, Encryption, Tokenization
Integrated Risk
Management
Digital Risk Management, Vendor Risk Management, Business Continuity Management,
Audit Management, Corporate Compliance and Oversight, Enterprise Legal Management
Security Services Hardware Support, Consulting, Implementation
Consumer Security
Software
Other Information
Security Software

Global Cyber Security Market Forecast by Value
Note: These are dummy figures. Please purchase the report for actual figures.
Global Cyber Security Market Forecast by Value, 2017-2026 (US$ Billion)
3
4
5
6
7
9
10
11
12
13
2017 2018 2019 2020 2021 2022E 2023E 2024E 2025E 2026E
The global cyber security market is forecasted to reach US$xx billion in 2025, increasing from US$xx billion in 2021. The
market is anticipated to grow at a CAGR of xx% for the period spanning 2022-2026. With the rise of data-centric businesses
and the digital state, all connected, the value of data has increased. To protect this data from infiltrators, the businesses are
channelling their spending on cyber security, which is expected to incline in future. Furthermore, the trends for internet of
things (IoT), bring your own device (BYOD), artificial intelligence (AI), and machine learning in cyber security, are expected
to increase the cyber security market growth in the coming years.

Global Cyber Security Market by Segment
Global Cyber Security Market by Segment (2021)
The global cyber security market can be segmented as follows: external cyber security and internal cyber security. In 2021,
the dominant share of market was being held by external cyber security with a share of xx%. While internal cyber security
segment held a share of xx%.
External
50%
Internal
50%
External Internal

Global Cyber Security Market by Segment
The global external cyber security market is forecasted to reach US$xx billion in 2026, increasing from US$xx billion in 2022.
The market is anticipated to grow at a CAGR of xx% for the period spanning 2022-2026. The global internal cyber security
market is forecasted to reach US$xx billion in 2026, increasing from US$xx billion in 2022. The market is anticipated to grow
at a CAGR of xx% for the period spanning 2022-2026.
As industries become further digitalized and embedded into the cloud, both internal and external cyber attacks have become
common leading to data breach. Thus, the use of cyber security products and services has become paramount in preventing
such attacks and are expected to play an important role in future as well.
Global External and Internal Cyber Security Market Forecast by Value (2022-2026) (US$ Billion)
3
4
5
6
7
1
2
3
4
5
2022E 2023E 2024E 2025E
2026E

Global Cyber Security Market by Type
Global Cyber Security Market by Type (2021)
The global cyber security market by type can be segmented as follows: security services, infrastructure protection, network
security, identity access management, consumer security services, integrated risk management, data security, application
security, cloud security and other information security software. In 2021, the dominant share of xx% was being held by
security services segment. This was being followed by infrastructure protection, network security, identity access
management, consumer security services, integrated risk management, data security, application security, and cloud
security which held a share of xx%, xx%, xx%, xx%, xx%, xx%, xx%, and xx%, respectively. And, the other information
security software accounted for a share of xx% in the cyber security market.
Cloud Security
10%
Network
Security
10%
Application
Security
10%
Identity Access
Management
10%
Infrastructure
Protection
10%
Data Security
10%
Integrated Risk
Management
10%
Security
Services
10%
Consumer
Security
Services
10%
Other
Information
Security
Software
10%

The global infrastructure protection market inclined to US$xx billion in 2021, from US$xx billion in 2020. The global
infrastructure protection market is forecasted to reach US$xx billion in 2026, increasing from US$xx billion in 2022. The
market is anticipated to grow at a CAGR of xx% for the period spanning 2022-2026.
The broad infrastructure protection portfolio safeguards networking and endpoint devices, and the data that travels
between them, in one place. With threat volumes increasing and attacks becoming more sophisticated, critical infrastructure
protection is essential to the wellbeing of any business, thus necessitating the infrastructure protection cyber security
solutions.
Global Infrastructure Protection Market Forecast by Value (2022-2026) (US$ Billion)
4
5
6
7
8
2022E 2023E 2024E 2025E 2026E

The global identity access management market value inclined to US$xx billion in 2021, from US$xx billion in 2020. The
global identity access management market is forecasted to reach US$xx billion in 2026, increasing from US$xx billion in
2022. The market is anticipated to grow at a CAGR of xx% for the period spanning 2022-2026.
Identity access management (IAM) security ensures greater control of user access. By identifying, authenticating, and
authorizing users, while prohibiting unauthorized ones, IAM security improves the efficiency and effectiveness of access
management throughout the business.
Global Identity Access Management Market Forecast by Value (2022-2026) (US$ Billion)
4
5
6
7
8
2022E 2023E 2024E 2025E 2026E

Global Cyber Security Market by End User
Global Cyber Security Market by End User (2021)
The global cyber security market by end user can be segmented as follows: government, IT & telecom, banking,
manufacturing, insurance, transportation, securities and others. In 2021, government sector occupied the dominant share of
xx%. This was being followed by IT & telecom, banking, manufacturing, insurance, transportation, securities and other end
users with share of xx%, xx%, xx%, xx%, xx%, xx% and xx%, respectively.
Banking
12%
Government
12%
Manufacturing
12%
Transportation
12%
IT & Telecom
13%
Insurance
13%
Securities
13%
Others
13%

The global government cyber security market is forecasted to reach US$xx billion in 2026, increasing from US$xx billion in
2022. The market is foreseen to grow at a CAGR of xx% for the period spanning 2022-2026. Cyber security has proven to be
a necessary investment for government agencies. Technology has provided new ways for government agencies to work,
interact with citizens and improve overall operations. With technology constantly evolving, cyber criminals are constantly
developing new ways to attack systems and the agencies that host them. Thus, in the interest of national security,
government across the globe has increased their budget spending on cyber security.
Global Government Cyber Security Market Forecast by Value (2022-2026) (US$ Billion)
4
5
6
7
8
2022E 2023E 2024E 2025E 2026E

The global IT & telecom cyber security market is forecasted to reach US$xx billion in 2026, increasing from US$xx billion in
2022. The market is anticipated to grow at a CAGR of xx% for the period spanning 2022-2026. As cyber-attacks on telecom
and IT networks and cloud data become more popular, the demand for cyber security solutions has increased. Furthermore,
the increasing use of mobile and IoT devices has increased the incidents of data breach. This is expected to drive the need for
IT & telecom cyber security solutions.
Global IT & Telecom Cyber Security Market Forecast by Value (2022-2026) (US$ Billion)
4
5
6
7
8
2022E 2023E 2024E 2025E 2026E

Global Cyber Security Market by Region
Global Cyber Security Market by Region (2021)
The global cyber security market by region can be segmented as follows: North America, Europe, Asia Pacific, Latin America
and Middle East & Africa. In 2021, North America recorded the highest share of xx%. This was being followed by Europe,
Asia Pacific, Latin America and Middle East & Africa which held a share of xx%, xx%, xx% and xx%, respectively.
North America
20%
Europe
20%
Asia Pacific
20%
Latin America
20%
Middle East &
Africa
20%

North America Cyber Security Market Forecast by Value
North America cyber security market inclined to US$xx billion in 2021, from US$xx billion in 2020. North America cyber
security market is forecasted to reach US$xx billion in 2026, increasing from US$xx billion in 2022. The market is anticipated
to grow at a CAGR of xx% for the period spanning 2022-2026.
North America invests heavily in cyber security solutions to avoid theft of intellectual property and compromise systems
used to monitor and control the country’s defense systems and capabilities. In fact, North America has hundreds of
individual state and sector-specific privacy and data security laws. This region holds a dominant share in cyber security
market and holds further opportunities of investment in cyber security.
North America Cyber Security Market Forecast by Value, (2019-2026) (US$ Billion)
2
3
4
5
6
7
8
9
2019 2020 2021 2022E 2023E 2024E 2025E 2026E

North America Cyber Security Market by Region
North America Cyber Security Market by Geography, (2021)
North America cyber security market by geography can be segmented as follows: The US and Canada. In 2021, the dominant
share of xx% was being held by the US. While Canada held a share of xx%. The US is a primary hub for all the major
organizations across the world. The expansion of the retail industry and the growth of IoT are driving the demand for smart
devices and mobiles in the region.
The US
50%
Canada
50%

Asia Pacific Cyber Security Market Forecast by Value
Asia Pacific cyber security market inclined to US$xx billion in 2021, from US$xx billion in 2020. Asia Pacific cyber security
market is forecasted to reach US$xx billion in 2026, increasing from US$xx billion in 2022. The market is anticipated to grow
at a CAGR of xx% for the period spanning 2022-2026.
With the recent outbreak of COVID-19, the Asia Pacific cyber security market is expected to witness significant growth as
there are increasing trend of cyber-attacks through malware and ransomware in the context of COVID-19 which is forcing
the organizations to adopt cyber security solutions as many of them have shifted to remote work atmosphere amid
lockdown in various countries. The spending on cyber security in Asia Pacific region is predicted to accelerate at highest
CAGR, in comparison to other regions.
Asia Pacific Cyber Security Market Forecast by Value, (2019-2026) (US$ Billion)
2
3
4
5
6
7
8
9
2019 2020 2021 2022E 2023E 2024E 2025E 2026E

Asia Pacific Cyber Security Market by Region
Asia Pacific Cyber Security Market by Geography, (2021)
Asia Pacific cyber security market by geography can be segmented as follows: China, India, Japan, ASEAN Countries, Australia
& New Zealand, South Korea and Rest of Asia Pacific. In 2021, the dominant share of market was held by China with a share
of xx%. This was followed by India, Japan, ASEAN Countries, Australia & New Zealand, South Korea and Rest of Asia Pacific
which held a share of xx%, xx%, xx%, xx%, xx% and xx%, respectively.
China
14%
Japan
14%
Australia &
New Zealand
14%
India
15%
ASEAN
Countries
15%
South Korea
15%
Rest of Asia
Pacific
13%

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Global Cyber Security Market: Insights & Forecast (2022-2026)

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