Revenue in the Cybersecurity market is projected to reach US$173.50bn in 2023.
The market's largest segment is Security Services with a projected market volume of US$91.21bn in 2023.
Revenue is expected to show an annual growth rate (CAGR 2023-2027) of 10.90%, resulting in a market volume of US$262.40bn by 2027.
The average Spend per Employee in the Cybersecurity market is projected to reach US$8.19k in 2023.
In global comparison, most revenue will be generated in the United States (US$69,650.00m in 2023).
Cybersecurity is the process that provides and maintains confidentiality, integrity, availability, and privacy. This includes measures to prevent and respond to all incidents of cybercrimes, such as digital attacks and disruptions, to protect computer systems, networks, programs, and data (e.g., personal assets, important files, industrial and governmental information). The market for Cybersecurity includes revenues generated by the two key products, namely Cyber Solution and Security Services.
Market values represent revenues paid to primary vendors at manufacturer price level either directly or through distribution channels (excluding VAT). Reported market revenues include spending by consumers (B2C), enterprises (B2B), and governments (B2G). Revenues are allocated to the country where the money is spent.
Company examples: Cisco, Palo Alto Networks, Secureworks.