Cybersecurity Services Global Market Report 2022 – By Security Type (Network Security, Endpoint Security, Application Security, Cloud Security), By User Type (Large Enterprises, Small & Medium Enterprises), By Industry Verticals (Aerospace and Defense, BFSI, Public Sector, Retail, Healthcare, IT and Telecom, Energy And Utilities, Manufacturing) – Market Size, Trends, And Global Forecast 2022-2026

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The cybersecurity services market consists of sales of cybersecurity services that are used in IT and telecommunications and other industries. Cybersecurity refers to the collection of technologies, processes and practices designed to secure networks, computers, software and data against online attacks, destruction or data theft. Cybersecurity can also be identified as the security of information technology.

The main security types of cybersecurity services are network security, endpoint security, application security, cloud security and others. Endpoint security is the process of preventing malicious actors and campaigns from exploiting endpoints or entry points of end-user devices such as desktops, laptops, and mobile devices. The services are used by large enterprises, small and medium enterprises of various industry verticals such as aerospace and defense, BFSI, public sector, retail, healthcare, IT and telecom, energy and utilities, manufacturing and others.

The global cybersecurity services market size is expected grow from $72.92 billion in 2021 to $82.42 billion in 2022 at a compound annual growth rate (CAGR) of 13%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The cybersecurity service market is expected to reach $134.88 billion in 2026 at a CAGR of 13.1%.

The increasing instances of massive cyber-attacks are a key factor driving the growth of the cybersecurity services market. The primary motive behind cybercrimes is political competition, financial gain, negative credibility, foreign competition and radical involvement of religious groups. Most cyber-attacks are for financial gain. WannaCry, Petya, NotPetya and BadRabbit are some of the main ransomware products that have targeted large-scale businesses and government organizations. According to cyber security experts, ransomware threats rose by 40% to 199.7 million attacks worldwide in Q3 of 2020. In Q3 2020, Ryuk ransomware threats rose to 67.3 million, which is 33.7% of all ransomware incidents this year. The ransomware implications included inaccessibility to various municipal facilities, information leakage and economic loss. Therefore, the increasing instances of massive cyber-attacks compel companies to integrate cybersecurity in their systems and functionality to prevent crashing thereby driving the growth of the cybersecurity services market.

Use of Pirated and open source cybersecurity solutions, Dearth of cybersecurity expertise for proactive strategic planning, Limited security budget among SMEs, Lack of interoperability with the existing information systems, High cost of innovations and budget constraints for SMEs, and Lack of training and inadequate workforce are the major factors hampering the growth of the cybersecurity services market.

Leveraging AI, machine learning and blockchain technologies for cyber defense is a key trend in the cybersecurity services market. Cybersecurity vendors integrate artificial intelligence (AI) and machine learning principles into their solutions to tackle crucial hyper-connected workplace risks, with quicker identification, prevention and responsiveness capabilities, the advances in technology, such as AI and machine learning, turn the tables against cybercrime. Vade Secure is one of the worlds 's largest e-mail security firms, leveraging artificial intelligence and machine learning to defend more than 600 million mailboxes in 76 countries from a range of attacks comprising spear phishing, ransomware and malware. In June 2020, the firm received an investment of more than $75 million from General Catalyst and plans to extend the use of AI to secure inboxes all over the globe. Cybersecurity specialists are therefore leveraging AI and machine learning technology to resolve the emerging cyber threats facing individuals, companies and governments.

Major players in the cybersecurity services market are Cisco Systems, IBM Corporation, Microsoft, Check Point Software Technologies, Oracle, Trend Micro., Cyber Ark Software Ltd., FireEye Inc., Imperva Inc., ProofPoint, Inc., Micro Focus, RSA Security, Sophos, Splunk, Accenture, Capgemini, Cognizant, HCL Technologies Limited, Tata Consultancy Services, Wipro Limited, Qualys, Dell Technologies Inc., AVG Technologies NV and Intel Security (Intel Corporation).

North America was the largest region in the cybersecurity services market in 2021. Asia Pacific was the second largest region in the cybersecurity service market. The regions covered in the cybersecurity market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the cybersecurity services market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.

The global cybersecurity services market is segmented -

1) By Security Type: Network Security, Endpoint Security, Application Security, Cloud Security, Others

2) By User Type: Large Enterprises, Small and Medium Enterprises

3) By Industry Vertical: Aerospace and Defense, BFSI, Public Sector, Retail, Healthcare, IT and Telecom, Energy and Utilities, Manufacturing, Others

    Table Of Contents

    1. Executive Summary

    2. Cybersecurity Services Market Characteristics

    3. Cybersecurity Services Market Trends And Strategies

    4. Impact Of COVID-19 On Cybersecurity Services

    5. Cybersecurity Services Market Size And Growth

    5.1. Global Cybersecurity Services Historic Market, 2016-2021, $ Billion

    5.1.1. Drivers Of The Market

    5.1.2. Restraints On The Market

    5.2. Global Cybersecurity Services Forecast Market, 2021-2026F, 2031F, $ Billion

    5.2.1. Drivers Of The Market

    5.2.2. Restraints On the Market

    6. Cybersecurity Services Market Segmentation

    6.1. Global Cybersecurity Services Market, Segmentation  By Security Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Network Security

    Endpoint Security

    Application Security

    Cloud Security

    Others

    6.2. Global Cybersecurity Services Market, Segmentation  By User Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

     Large enterprises

    Small & medium enterprises

    6.3. Global Cybersecurity Services Market, Segmentation  By Industry Verticals, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Aerospace and Defense

    BFSI

    Public sector

    Retail

    Healthcare

    IT and Telecom

    Energy and Utilities

    Manufacturing

    Others  

    7. Cybersecurity Services Market Regional And Country Analysis

    7.1. Global Cybersecurity Services Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    7.2. Global Cybersecurity Services Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    8. Asia-Pacific Cybersecurity Services Market  

    8.1. Asia-Pacific Cybersecurity Services Market Overview  

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Cybersecurity Services Market, Segmentation By Security Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    8.3. Asia-Pacific Cybersecurity Services Market, Segmentation By User Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    9. China Cybersecurity Services Market  

    9.1. China Cybersecurity Services Market Overview  

    9.2. China Cybersecurity Services Market, Segmentation By Security Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion

    9.3. China Cybersecurity Services Market, Segmentation By User Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion

    10. India Cybersecurity Services Market  

    10.1. India Cybersecurity Services Market, Segmentation By Security Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    10.2. India Cybersecurity Services Market, Segmentation By User Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    11. Japan Cybersecurity Services Market  

    11.1. Japan Cybersecurity Services Market, Segmentation By Security Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    11.2. Japan Cybersecurity Services Market, Segmentation By User Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    12. Australia Cybersecurity Services Market  

    12.1. Australia Cybersecurity Services Market, Segmentation By Security Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    12.2. Australia Cybersecurity Services Market, Segmentation By User Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    13. Indonesia Cybersecurity Services Market  

    13.1. Indonesia Cybersecurity Services Market, Segmentation By Security Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    13.2. Indonesia Cybersecurity Services Market, Segmentation By User Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    14. South Korea Cybersecurity Services Market  

    14.1. South Korea Cybersecurity Services Market, Segmentation By Security Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    14.2. South Korea Cybersecurity Services Market, Segmentation By User Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    15. Western Europe Cybersecurity Services Market  

    15.1. Western Europe Cybersecurity Services Market Overview

    15.2. Western Europe Cybersecurity Services Market, Segmentation By Security Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    15.3. Western Europe Cybersecurity Services Market, Segmentation By User Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    16. UK Cybersecurity Services Market  

    16.1. UK Cybersecurity Services Market, Segmentation By Security Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    16.2. UK Cybersecurity Services Market, Segmentation By User Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    17. Germany Cybersecurity Services Market  

    17.1. Germany Cybersecurity Services Market, Segmentation By Security Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    17.2. Germany Cybersecurity Services Market, Segmentation By User Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    18. France Cybersecurity Services Market  

    18.4. France Cybersecurity Services Market, Segmentation By Security Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    18.5. France Cybersecurity Services Market, Segmentation By User Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    19. Eastern Europe Cybersecurity Services Market  

    19.1. Eastern Europe Cybersecurity Services Market Overview

    19.2. Eastern Europe Cybersecurity Services Market, Segmentation By Security Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    19.3. Eastern Europe Cybersecurity Services Market, Segmentation By User Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    20. Russia Cybersecurity Services Market  

    20.1. Russia Cybersecurity Services Market, Segmentation By Security Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    20.2. Russia Cybersecurity Services Market, Segmentation By User Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    21. North America Cybersecurity Services Market  

    21.1. North America Cybersecurity Services Market Overview

    21.2. North America Cybersecurity Services Market, Segmentation By Security Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    21.3. North America Cybersecurity Services Market, Segmentation By User Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    22. USA Cybersecurity Services Market  

    22.1. USA Cybersecurity Services Market Overview

    22.2. USA Cybersecurity Services Market, Segmentation By Security Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    22.3. USA Cybersecurity Services Market, Segmentation By User Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    23. South America Cybersecurity Services Market  

    23.1. South America Cybersecurity Services Market Overview

    23.2. South America Cybersecurity Services Market, Segmentation By Security Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    23.3. South America Cybersecurity Services Market, Segmentation By User Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    24. Brazil Cybersecurity Services Market  

    24.1. Brazil Cybersecurity Services Market, Segmentation By Security Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    24.2. Brazil Cybersecurity Services Market, Segmentation By User Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    25. Middle East Cybersecurity Services Market  

    25.1. Middle East Cybersecurity Services Market Overview

    25.2. Middle East Cybersecurity Services Market, Segmentation By Security Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    25.3. Middle East Cybersecurity Services Market, Segmentation By User Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    26. Africa Cybersecurity Services Market  

    26.1. Africa Cybersecurity Services Market Overview

    26.2. Africa Cybersecurity Services Market, Segmentation By Security Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    26.3. Africa Cybersecurity Services Market, Segmentation By User Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    27. Cybersecurity Services Market Competitive Landscape And Company Profiles

    27.1. Cybersecurity Services Market Competitive Landscape

    27.2. Cybersecurity Services Market Company Profiles

    27.2.1. Cisco Systems

    27.2.1.1. Overview

    27.2.1.2. Products and Services

    27.2.1.3. Strategy

    27.2.1.4. Financial Performance

    27.2.2. IBM Corporation

    27.2.2.1. Overview

    27.2.2.2. Products and Services

    27.2.2.3. Strategy

    27.2.2.4. Financial Performance

    27.2.3. Microsoft

    27.2.3.1. Overview

    27.2.3.2. Products and Services

    27.2.3.3. Strategy

    27.2.3.4. Financial Performance

    27.2.4. Check Point Software Technologies

    27.2.4.1. Overview

    27.2.4.2. Products and Services

    27.2.4.3. Strategy

    27.2.4.4. Financial Performance

    27.2.5. Oracle

    27.2.5.1. Overview

    27.2.5.2. Products and Services

    27.2.5.3. Strategy

    27.2.5.4. Financial Performance

    28. Key Mergers And Acquisitions In The Cybersecurity Services Market

    29. Cybersecurity Services Market Future Outlook and Potential Analysis

    30. Appendix

    30.1. Abbreviations

    30.2. Currencies

    30.3. Research Inquiries

    30.4. The Business Research Company

    30.5. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2016-2021, $ Billion
  • Table 2: Global Forecast Market Growth, 2021-2026F, 2031F, $ Billion
  • Table 3: Global Cybersecurity Services Market, Segmentation  By Security Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 4: Global Cybersecurity Services Market, Segmentation  By User Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 5: Global Cybersecurity Services Market, Segmentation  By Industry Verticals, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 6: Global Cybersecurity Services Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 7: Global Cybersecurity Services Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 8: Asia-Pacific, Cybersecurity Services Market, Segmentation By Security Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 9: Asia-Pacific, Cybersecurity Services Market, Segmentation By User Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 10: China, Cybersecurity Services Market, Segmentation By Security Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 11: China, Cybersecurity Services Market, Segmentation By User Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 12: India, Cybersecurity Services Market, Segmentation By Security Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 13: India, Cybersecurity Services Market, Segmentation By User Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 14: Japan, Cybersecurity Services Market, Segmentation By Security Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 15: Japan, Cybersecurity Services Market, Segmentation By User Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 16: Australia, Cybersecurity Services Market, Segmentation By Security Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 17: Australia, Cybersecurity Services Market, Segmentation By User Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 18: Indonesia, Cybersecurity Services Market, Segmentation By Security Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 19: Indonesia, Cybersecurity Services Market, Segmentation By User Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 20: South Korea, Cybersecurity Services Market, Segmentation By Security Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 21: South Korea, Cybersecurity Services Market, Segmentation By User Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 22: Western Europe, Cybersecurity Services Market, Segmentation By Security Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 23: Western Europe, Cybersecurity Services Market, Segmentation By User Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 24: UK, Cybersecurity Services Market, Segmentation By Security Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 25: UK, Cybersecurity Services Market, Segmentation By User Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 26: Germany, Cybersecurity Services Market, Segmentation By Security Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 27: Germany, Cybersecurity Services Market, Segmentation By User Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 28: France, Cybersecurity Services Market, Segmentation By Security Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 29: France, Cybersecurity Services Market, Segmentation By User Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 30: Eastern Europe, Cybersecurity Services Market, Segmentation By Security Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 31: Eastern Europe, Cybersecurity Services Market, Segmentation By User Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 32: Russia, Cybersecurity Services Market, Segmentation By Security Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 33: Russia, Cybersecurity Services Market, Segmentation By User Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 34: North America, Cybersecurity Services Market, Segmentation By Security Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 35: North America, Cybersecurity Services Market, Segmentation By User Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 36: USA, Cybersecurity Services Market, Segmentation By Security Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 37: USA, Cybersecurity Services Market, Segmentation By User Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 38: South America, Cybersecurity Services Market, Segmentation By Security Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 39: South America, Cybersecurity Services Market, Segmentation By User Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 40: Brazil, Cybersecurity Services Market, Segmentation By Security Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 41: Brazil, Cybersecurity Services Market, Segmentation By User Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 42: Middle East, Cybersecurity Services Market, Segmentation By Security Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 43: Middle East, Cybersecurity Services Market, Segmentation By User Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 44: Africa, Cybersecurity Services Market, Segmentation By Security Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 45: Africa, Cybersecurity Services Market, Segmentation By User Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 46: Cisco Systems Financial Performance
  • Table 47: IBM Corporation Financial Performance
  • Table 48: Microsoft Financial Performance
  • Table 49: Check Point Software Technologies Financial Performance
  • Table 50: Oracle Financial Performance

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