Global Cybersecurity Market Set to Reach $351.92 Billion by 2030 with a CAGR of 9.1%

The global cybersecurity market is expected to grow from $227.59 billion in 2025 to $351.92 billion by 2030 at a CAGR of 9.1%. The increasing integration of IoT devices and expanding attack surface are key drivers of growth. Cloud deployment is also a major growth driver, with the trend towards remote work, SaaS, and DevOps necessitating secure, scalable solutions. The US leads the North American cybersecurity market, with prominent companies like CrowdStrike, Fortinet, and IBM Security fostering innovation and strategic partnerships.

The global cybersecurity market is projected to grow from USD 227.59 billion in 2025 to USD 351.92 billion by 2030, representing a strong compound annual growth rate (CAGR) of 9.1% [1]. This robust growth is driven by several key factors, including the increasing integration of Internet of Things (IoT) devices and the expanding attack surface. The trend towards remote work, Software as a Service (SaaS), and DevOps is also fueling demand for secure, scalable cloud-based solutions.

Cloud deployment is a major growth driver, as organizations increasingly adopt cloud services to enhance agility and scalability. However, this shift also exposes them to new security challenges, necessitating advanced cybersecurity solutions. The United States leads the North American cybersecurity market, with prominent companies such as CrowdStrike, Fortinet, and IBM Security driving innovation and strategic partnerships.

Regional analysis reveals that North America held a significant market share in 2024, with USD 96.88 billion in revenue. Asia Pacific is expected to grow at the fastest CAGR from 2025 to 2034, driven by rapid urbanization, population growth, and increasing digitalization [2]. Additionally, the European Union's investment in cybersecurity, digital capacity, and technology, totaling €210 million under the Digital Europe Program, underscores the region's commitment to enhancing cybersecurity infrastructure [3].

The market is segmented by component, with services and software segments expected to lead the market growth. By security type, cloud security is projected to expand at the fastest CAGR from 2025 to 2034. The managed services segment dominated the market in 2024 but is expected to be surpassed by the professional services segment in the coming years.

The cybersecurity market faces challenges such as environmental concerns and compliance with standards. However, the growing awareness of environmental issues and the need for eco-friendly solutions are driving innovation in this area. The global cybersecurity workforce gap, estimated at 3.5 million unfilled roles, is also spurring demand for managed security service providers (MSSPs) [4].

In conclusion, the global cybersecurity market is poised for substantial growth, driven by technological advancements, regulatory pressures, and the increasing need for secure solutions in a digital world.

References:
[1] https://www.globenewswire.com/news-release/2025/07/17/3117432/0/en/Cyber-Security-Market-Size-to-Surpass-USD-878-48-Billion-by-2034-Driven-by-AI-Cloud-Security-and-Regulatory-Compliance.html
[2] https://www.precedenceresearch.com/cyber-security-market
[3] https://www.europa.eu/!
[4] https://reports.securitastechnology.com