$189.70 billion in potential growth in the cybersecurity market


Parent market overview

Technavio categorizes the cybersecurity market as part of the IT spending market within the information technology industry. The IT spending market is expected to have a positive outlook owing to factors such as growing demand for passive electronic components, growing demand for IoT devices, and growing implementation of Industry 4.0 initiatives.

To estimate the size of the global cybersecurity market, Technavio has tracked recent industry trends and developments. The market size has been calculated based on the revenue generated by IT consulting, system integration and IT training service providers.

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Market Competitive Landscape

The cybersecurity market is fragmented with the presence of different vendors. The degree of fragmentation is likely to intensify in the coming years as with advances in technology vendors introduce firewalls with advanced features such as intrusion prevention, blacklists, reputation streams and URL filtering. Technavio has classified industry-focused market players into dominant and powerful players based on their annual revenue and market share in this comprehensive report. Some of the key players covered in this report include AO Kaspersky Lab, Broadcom Inc., Cisco Systems Inc., Fortinet Inc., McAfee LLC, The Boeing Co., Hewlett Packard Enterprise Co., Lockheed Martin Corp., Booz Allen Hamilton Holding Corp. and Trend Micro Inc. among others.

Strategic initiatives and product launches

  • AO Kaspersky Lab – Through this product category, the company offers cybersecurity solutions for companies with more than 1,000 employees. Some of the most common solutions offered include Kaspersky Anti-Virus, Kaspersky Internet Security, Kaspersky Total Security, Kaspersky Security Cloud, and Kaspersky Security Cloud.
  • Broadcom Inc.: The company offers a wide range of cybersecurity services through its Brocade Communication Systems and Symantec brands. In February 2019the company has completed its 5G switching portfolio, designed to enable the deployment of end-to-end networks that consolidate all radio and fixed traffic onto an Ethernet-based infrastructure.
  • Cisco Systems Inc.: The company offers a wide range of cybersecurity services such as next-generation firewalls, advanced malware protection, email security, endpoint security, workload security and authentication multifactor.

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Overview of the value chain

Market vendors can take advantage and formulate effective strategies from the Cyber ​​Security Market value chain analysis extensively covered in this report. End-to-end understanding of the value chains and stakeholders involved in the process is essential for suppliers to optimize profit margin and evaluate business strategies. The report further explained other innovative approaches taken by vendors to ensure a sustainable presence in the market.

The IT Spend Market value chain consists of the following basic components:

  • Research and development
  • Developers or manufacturers
  • Sale and distribution
  • end users

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Increase in the use of mobile devices to positively drive the market

The need for cybersecurity solutions has increased dramatically in recent years due to the increase in the use of mobile devices, including cell phones, laptops, and tablets. The increasing access to the Internet has led to an increase in the cases of cyber threats. With the expansion of businesses across regions, there is an increased need for global data and information exchange. Global business expansion has led to a significant increase in the number of employees traveling around the world. This has led to an increase in services offering security and access to secure networks from mobile devices. Moreover, to eliminate the risk of cyber threats, end users are deploying cyber security solutions. The growing complexity of cyberattacks and growing awareness of security risks have forced end users to increase their IT spending on advanced security products.

High deployment cost likely to hamper the growth of the cybersecurity market

The total cost of installation includes the cost of software licenses, system design and customization, implementation, training and maintenance for an individual organization. Maintaining on-premises cybersecurity solutions requires internal IT administration staff to manage and control issues, which would result in high implementation costs. Additionally, a cybersecurity solution contains additional hidden costs, such as the costs of providing knowledge, experience, and developing the skills of the solution to understand its functionality.

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Revenue Generating Segment Highlights

The government end-user segment held the largest cybersecurity market share in 2020. The segment will continue to retain its dominance in the market owing to the increase in security installations in both developed and developing countries and the contribution increase in the homeland security and defense sectors. . Governments around the world mandate the use of cybersecurity products to monitor data traveling over the Internet. This is done to gain some measure of control over access to this data, thus preventing unauthorized persons from accessing it.

In terms of deployment, the on-premises segment has become the highest revenue generating segment in 2020 and will remain the highest segment during the forecast period. On-premises cybersecurity is considered highly secure because it is managed and maintained by companies in the end-user industry. Businesses have full control over their on-premises solutions through monitored and restricted access, and it also allows them to customize the cybersecurity solution to suit their needs.

North America will emerge as the most revenue-generating regional segment of the cybersecurity market. 35% of the market growth will come from this region during the forecast period. The United States will become the main revenue-producing economy in the region. Some important factors contributing to the growth of the market in North America are increased adoption of cyber security solutions by end-user industries, shift from conventional IT services to internet-based IT system, growth of end-user industries, increase in government initiatives for implementation of solutions of cybersecurity and the growing number of IT companies and IT start-ups.

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Key takeaways from the report

  • Market CAGR over the forecast period 2021-2025
  • In-depth information on the factors that will drive the growth of the Cyber ​​Security Market over the next five years
  • Accurate estimation of the Cyber ​​Security market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the cybersecurity market in North AmericaAPAC, EuropeAME and South America and the top 20 countries in these regions
  • In-depth analysis of the market competitive landscape and in-depth information on 20+ industry-focused market vendors categorized as dominant and powerful players
  • Impact of lockdowns, supply chain disruptions, demand destruction and changing customer behavior
  • Market estimates before and after COVID-19
  • Optimistic, baseline and pessimistic scenarios for all markets as the impact of the pandemic unfolds

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Cyber ​​Security Market Scope

Report cover


Page number


base year


Forecast period


Growth momentum and CAGR

Accelerate at a CAGR of 14.97%

Market Growth 2021-2025

$189.70 billion

Market structure


Annual growth (%)


Regional analysis

North America, Europe, APAC, South America and MEA

Successful market contribution

North America at 35%

Main consumer countries

USA, China, UK, Germany and Japan

Competitive landscape

Leading Companies, Competitive Strategies, Consumer Engagement Reach

Profiled Key Companies

AO Kaspersky Lab, Broadcom Inc., Cisco Systems Inc., Fortinet Inc., McAfee LLC, The Boeing Co., Hewlett Packard Enterprise Co., Lockheed Martin Corp., Booz Allen Hamilton Holding Corp. and Trend Micro Inc.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, COVID-19 Impact and Recovery Analysis and Future Consumer Dynamics, Market Status Analysis market for the forecast period

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

About Us

Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With more than 500 industry analysts, Technavio’s library of reports Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. Technavio’s exploitable market to identify opportunities in existing and potential markets and assess their competitive positions in changing market scenarios.


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