CYBERSECURITY MARKET PRESS RELEASE

Market Overview:

According to IMARC Group's latest research publication, "Cybersecurity Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", The global cybersecurity market size reached USD 299.6 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 644.4 Billion by 2033, exhibiting a growth rate (CAGR) of 8.9% during 2025-2033.

This detailed analysis primarily encompasses industry size, business trends, market share, key growth factors, and regional forecasts. The report offers a comprehensive overview and integrates research findings, market assessments, and data from different sources. It also includes pivotal market dynamics like drivers and challenges, while also highlighting growth opportunities, financial insights, technological improvements, emerging trends, and innovations. Besides this, the report provides regional market evaluation, along with a competitive landscape analysis.

How AI is Reshaping the Future of Cybersecurity Market

AI-powered threat detection achieves 97.5% accuracy in identifying malicious phishing emails, with over 70% of cybersecurity professionals reporting AI's effectiveness in detecting previously unnoticed threats, significantly reducing false positives and accelerating response times.
The AI in cybersecurity market expanded from USD 23.12 billion in 2024 to USD 28.51 billion in 2025, exhibiting explosive growth at a CAGR of 24.81%. The market is projected to reach USD 136.18 billion by 2032, driven by advanced threat sophistication and digital transformation initiatives.
Organizations extensively using AI and automation experience 46% lower costs from data breaches compared to those that don't—a difference of more than USD 2.2 million. Companies leveraging AI for proactive prevention significantly reduce both financial impact and recovery time.
AI/ML tool usage skyrocketed by 594.82%, rising from 521 million AI/ML-driven transactions in April 2023 to 3.1 billion monthly by January 2024, demonstrating widespread adoption of AI-powered security solutions across enterprise environments globally.
Autonomous incident response systems leverage reinforcement learning to mitigate cyberattacks in real-time, while AI-enhanced SIEM/XDR platforms capture 31% of enterprise cybersecurity budgets. Network security represents 36.3% of total AI security revenue, reflecting infrastructure's critical role in defense.

Download a sample PDF of this report: https://www.imarcgroup.com/cybersecurity-market/requestsample

Key Trends in the Cybersecurity Market

Zero Trust Architecture Adoption: Organizations are rapidly implementing zero trust security models that verify every access request regardless of location. The federal government's cybersecurity budget is projected to grow from USD 15.8 billion in FY 2023 to USD 20.1 billion by FY 2027, reflecting the critical need to protect sensitive data from sophisticated adversaries.
AI-Driven Threat Detection and Response: Machine learning algorithms analyze millions of transaction signals to instantly uncover suspicious activity. In 2025, 93% of security leaders anticipate facing daily AI-powered attacks, with AI-driven cyberattacks projected to surpass 28 million incidents globally—a 72% year-over-year increase.
Cloud Security and Hybrid Infrastructure Protection: Fast adoption of cloud computing, Internet of Things (IoT), and remote work models has expanded attack surfaces, fueling demand for advanced solutions. Enterprises are blocking 18.5% of all AI and machine learning transactions—a 577% increase in blocked transactions over nine months.
Ransomware and Advanced Persistent Threats: The frequency and severity of cyberattacks have increased dramatically, with ransomware operations targeting 22% of global extortion victims. AI-generated phishing achieves a 54% click-through rate compared to just 12% for traditional phishing campaigns, demonstrating the evolving threat landscape.
Regulatory Compliance and Data Privacy: Stringent data protection regulations like GDPR, CCPA, HIPAA, and sector-specific standards drive sustained cybersecurity investments. Organizations face massive penalties for non-compliance, with GDPR violations reaching up to EUR 20 million or 4% of annual global turnover, compelling adoption of sophisticated security frameworks.

Growth Factors in the Cybersecurity Market

Escalating Cyber Threats and Attack Sophistication: Federal agencies reported more than 30,000 IT security incidents in 2022, with cyberattack sophistication increasing through ransomware, phishing, and advanced persistent threats. Annual revenue from cybercrime is estimated at over USD 8 trillion, driving urgent need for robust cybersecurity solutions.
Digital Transformation and IoT Proliferation: Rapid adoption of cloud platforms, artificial intelligence, and Internet of Things devices creates expanding attack surfaces. Data centers consume approximately 4% of U.S. electricity generation, projected to reach 9% annually, reflecting massive digital infrastructure growth requiring comprehensive security.
Government Mandates and Investment: The U.S. federal cybersecurity budget growth from USD 15.8 billion to USD 20.1 billion by FY 2027 demonstrates governmental commitment. Initiatives like the Cybersecurity Information Sharing Act (CISA) and White House Cybersecurity Executive Order mandate high-level security measures including zero trust architectures.
Growing Cybersecurity Skills Gap: With an estimated 32,000 CISOs employed worldwide, organizations face critical talent shortages. Major companies are investing in training programs—Cisco signed agreements to train 40,000 people in cybersecurity skills, with 50% targeting women to meet growing demand.
Remote Work and Hybrid Models: The increased demand for telework and hybrid work environments escalates need for endpoint security, secure access controls, and comprehensive monitoring solutions. Organizations must protect distributed workforces accessing corporate resources from multiple locations and devices.

We explore the factors propelling the cybersecurity market growth, including technological advancements, consumer behaviors, and regulatory changes.

Leading Companies Operating in the Global Cybersecurity Industry:

Accenture PLC
Broadcom Inc.
Capgemini Service SAS
Cisco Systems Inc.
Cognizant Technology Solutions Corporation
HCL Technologies Ltd.
Infosys Limited
International Business Machines Corporation (IBM)
Lockheed Martin Corporation
Palo Alto Networks, Inc.
Tata Consultancy Services Limited
Tech Mahindra Limited
Trend Micro Incorporated
Wipro Limited

Cybersecurity Market Report Segmentation:

Breakup By Component:

Solutions
- Identity and Access Management (IAM)
- Infrastructure Security
- Governance, Risk and Compliance
- Unified Vulnerability Management Service Offering
- Data Security and Privacy Service Offering
- Others
Services
- Professional Services
- Managed Services

Solutions account for the largest share with 54.7% in 2024 due to increased efficiency in threat identification, prevention, and combat through AI and machine learning-based technologies for real-time threat analysis.

Breakup By Deployment Type:

Cloud-based
On-premises

On-premises dominates the market due to high security levels, IT control over data, and preference by companies with strict data localization and regulatory compliance requirements.

Breakup By User Type:

Large Enterprises
Small and Medium Enterprises

Large enterprises lead with 68.9% market share in 2024, driven by extensive resources, substantial investments in research and development, and significant economic footprint influencing supply chains and market trends.

Breakup By Industry Vertical:

IT and Telecom
Retail
BFSI
Healthcare
Defense/Government
Manufacturing
Energy
Others

BFSI represents the largest segment with 27.3% market share in 2024, driven by heavy regulation, need to safeguard financial data, and implementation of advanced measures including biometric authentication technologies like fingerprints and facial recognition.

Breakup By Region:

North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa

North America enjoys the leading position with over 35.0% market share in 2024 owing to significant investments in advanced technologies, strong regulatory environment, high adoption rates, and robust government support for cybersecurity initiatives.

Recent News and Developments in Cybersecurity Market

January 2025: Boxx Insurance, a Toronto-based InsurTech company specializing in cybersecurity and digital risk management, unveiled a cybersecurity solution designed for business travelers. The product launch "Cyber Assist" is in partnership with World Travel Protection, a member of the Zurich Insurance Group.
January 2025: Rubrik, a cybersecurity firm, announced expansion plans in India with the opening of a new facility in Bengaluru by mid-2025. The company intends to consolidate operations from its existing two offices, strengthening its presence in the rapidly growing Indian cybersecurity market.
November 2024: Cognizant introduced Cognizant Neuro Cybersecurity, a new platform added to its Neuro suite. The solution integrates and coordinates point cybersecurity solutions throughout organizations, featuring an intuitive, AI-powered interface that improves enterprise-wide real-time decision-making and cybersecurity resilience.
August 2024: SEBI published a new cybersecurity framework requiring all regulated businesses to have proper security monitoring measures, implemented gradually beginning January 2025. A Cyber Capability Index (CCI) will be developed to monitor and analyze cybersecurity maturity and resilience on an ongoing basis.

Note: If you require specific details, data, or insights that are not currently included in the scope of this report, we are happy to accommodate your request. As part of our customization service, we will gather and provide the additional information you need, tailored to your specific requirements. Please let us know your exact needs, and we will ensure the report is updated accordingly to meet your expectations.

About Us:

IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.