Global Cybersecurity Services Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Security Type;

Network Security , Endpoint Security , Application Security , Cloud Security, and Others

By Deployment;

On-Premises and Cloud Based

By User Type;

Large Enterprises and Small & Medium Enterprises

By Industry Verticals;

Aerospace & Defense , BFSI, Public sector, Retail, Healthcare, IT & Telecom , Energy & Utilities , Manufacturing, and Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn251852894 Published Date: May, 2025 Updated Date: June, 2025

Cybersecurity Services Market Overview

Cybersecurity Services Market (USD Million)

Cybersecurity Services Market was valued at USD 261,193.55 million in the year 2024. The size of this market is expected to increase to USD 584,672.21 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 12.2%.


Global Cybersecurity Services Market Growth, Share, Size, Trends and Forecast

*Market size in USD million

CAGR 12.2 %


Study Period2025 - 2031
Base Year2024
CAGR (%)12.2 %
Market Size (2024)USD 261,193.55 Million
Market Size (2031)USD 584,672.21 Million
Market ConcentrationLow
Report Pages347
261,193.55
2024
584,672.21
2031

Major Players

  • BAE Systems Plc
  • Broadcom, Inc.
  • Centrify Corp.
  • Check Point Software Technologies Ltd
  • Samsung
  • Palo Alto Networks
  • Accenture
  • IBM Corporation

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Global Cybersecurity Services Market

Fragmented - Highly competitive market without dominant players



Demand for managed security services is increasing due to their ability to deliver round-the-clock threat monitoring and rapid incident handling. More than 64% of companies outsource endpoint defense, log management, and threat intelligence to expert providers. This enables better resource allocation and faster remediation.

Compliance Pressures Influencing Service Uptake
As regulatory requirements become more complex, businesses are turning to cybersecurity services for compliance audits, risk analysis, and policy enforcement. Around 61% of organizations use external security services to stay compliant with GDPR, PCI-DSS, and sector-specific mandates, minimizing penalties and legal exposure.

Hybrid Environments Requiring Scalable Security Solutions
The adoption of cloud services and remote work models has broadened security needs across environments. Over 58% of enterprises use cybersecurity firms for identity management, access control, and cloud infrastructure protection, ensuring secure operations in both on-premise and off-premise setups.

Automation and AI Elevating Threat Response Capabilities
AI is reshaping how cybersecurity services deliver real-time defense. More than 55% of providers now use automated alert systems, behavioral analytics, and machine learning algorithms to detect and mitigate threats proactively. These innovations reduce human error and strengthen cyber resilience.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Security Type
    2. Market Snapshot, By Deployment
    3. Market Snapshot, By User Type
    4. Market Snapshot, By Industry Verticals
    5. Market Snapshot, By Region
  4. Cybersecurity Services Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. High-profile data breaches
        2. IoT and connected device growth
        3. Remote work challenges
        4. Cybersecurity talent shortage
      2. Restraints
        1. Legacy system vulnerabilities
        2. Data privacy concerns
        3. Cybersecurity fatigue
        4. Complexity of cybersecurity solutions
      3. Opportunities
        1. Adoption of AI and ML in cybersecurity
        2. Growing cybersecurity market size
        3. Rise in managed security services
        4. Focus on endpoint security
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Cybersecurity Services Market, By Security Type, 2021 - 2031 (USD Million)
      1. Network Security
      2. Endpoint Security
      3. Application Security
      4. Cloud Security
      5. Others
    2. Cybersecurity Services Market, By Deployment, 2021 - 2031 (USD Million)

      1. On-Premises

      2. Cloud Based

    3. Cybersecurity Services Market, By User Type, 2021 - 2031 (USD Million)
      1. Large Enterprises
      2. Small & Medium Enterprises
    4. Cybersecurity Services Market, By Industry Verticals, 2021 - 2031 (USD Million)
      1. Aerospace & Defense
      2. BFSI
      3. Public sector
      4. Retail
      5. Healthcare
      6. IT & Telecom
      7. Energy & Utilities
      8. Manufacturing
      9. Others
    5. Cybersecurity Services Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape Analysis
    1. Company Profiles
      1. BAE Systems Plc
      2. Broadcom, Inc.
      3. Centrify Corp.
      4. Check Point Software Technologies Ltd
      5. Samsung
      6. Palo Alto Networks
      7. Accenture
      8. IBM Corporation
  7. Analyst Views
  8. Future Outlook of the Market