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The global cybersecurity services market size accounted for USD 177.27 billion in 2025 and is forecasted to hit around USD 310.35 billion by 2034, representing a CAGR of 6.42% from 2025 to 2034. The North America market size was estimated at USD 66.63 billion in 2024 and is expanding at a CAGR of 6.55% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.
The global cybersecurity services market size was calculated at USD 166.58 billion in 2024 and is predicted to increase from USD 177.27 billion in 2025 to approximately USD 310.35 billion by 2034, expanding at a CAGR of 6.42% from 2025 to 2034. The growth of the cybersecurity services market is driven by rising cyber threats, regulatory compliance demands, and increased digital transformation across industries.
The use of artificial intelligence is helping cyber security companies address new security risks. Artificial intelligence (AI) allows quick analysis of a lot of data so that anomalies can be noticed shortly after they occur. Thanks to predictions, the organization can act fast and prevent damage or loss. The growing number and difficulty of cyber threats encourage businesses to rely more on AI to avoid data breaches and stay in line with stringent regulations.
The U.S. cybersecurity services market size was evaluated at USD 49.97 billion in 2024 and is projected to be worth around USD 94.90 billion by 2034, growing at a CAGR of 6.62% from 2025 to 2034.
Why Does North America Dominate the Cybersecurity Services Market?
North America registered dominance in the market by holding a major revenue share in 2024. This is mainly due to the availability of advanced cybersecurity technologies and increased instances of cybercrimes. Stringent regulations regarding data security encouraged various industries to invest in cybersecurity services. Governments in North America are setting security and compliance standards to secure important data and keep their operations running strong. Businesses around the region have shifted to cloud environments, making them vulnerable to cyber threats. This significantly created the need for threat intelligence, incident response, and managed security services.
The U.S. is a major player in the North American cybersecurity services market due to its large digital economy, boosting the need for robust cybersecurity measures to reduce the risks of potential threats. With more use of online platforms in e-commerce, finance, healthcare, and government, people need more cloud application security and solutions. Due to the frequent cyberattacks, mainly ransomware, data breaches, and problems in the supply chain, U.S. businesses are setting up advanced security frameworks. With more people shopping online and digital changes happening in various industries, the demand for security measures is rising.
Why is the Cybersecurity Services Market Growing Rapidly in Asia Pacific?
The market in Asia Pacific is expected to expand at the fastest CAGR in the coming years. This growth is supported by funding from local and international groups seeking to ensure that digital security standards are improved across the Asia Pacific. The need to secure consumer data has become essential because of increased digitization and increases in e-commerce activities. In the last few years, the governments of South Korea, Singapore, Japan, and Australia experienced substantial cyberattack, which encouraged them to impose strong cybersecurity measures and spend more on such services. Besides, the growing concerns among businesses about cyber threats are boosting the growth of the market in the region.
What Opportunities Exist in the European Cybersecurity Services Market?
Europe is expected to grow at a notable rate during the forecast period because more European businesses are investing in security solutions. Stringent security regulations in countries such as the U.K., Germany, France, Spain, and Italy are influencing market growth. Many businesses in these countries are placing a strong emphasis on protecting their sensitive information. Manufacturing, finance, and IT businesses are imposing security measures in order to ensure data security. The rising frequency of cyberattacks and the growing concerns about data privacy are driving the growth of the market.
Cybersecurity includes safeguarding systems, networks, programs, and data from cyber threats. Cybersecurity practices involve securing cloud services, devices for mobile use, internet-connected gadgets (IoT), and database systems in business. The government and private sectors are spending large amounts on cybersecurity systems to prevent cyber risks. Cybersecurity services secure confidential data from BFSI, healthcare, manufacturing, and government sectors. Instances of cyber threats are rising continuously, raising concerns among businesses. As cyber threats are becoming more sophisticated, businesses are actively choosing well-developed security systems. Because more people are using the Internet for banking, healthcare, and shopping, the incidences of cyberattacks keep rising.
| Report Coverage | Details |
| Market Size by 2034 | USD 310.35 Billion |
| Market Size in 2025 | USD 177.27 Billion |
| Market Size in 2024 | USD 166.58 Billion |
| Market Growth Rate from 2025 to 2034 | CAGR of 6.42% |
| Dominating Region | North America |
| Fastest Growing Region | Asia Pacific |
| Base Year | 2024 |
| Forecast Period | 2025 to 2034 |
| Segments Covered | Service, Industry Vertical, and Region |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Rising Demand for Advanced Cybersecurity Solutions
The hackers usually target companies, organizations, or networks in certain industries and try to steal important documents or disrupt business operations. So, companies are paying more attention to improving their security measures. Using cloud computing, IoT, and AI more often makes companies more vulnerable to cyber threats. New digital assets on the market make it easier for cybercriminals to find a way to attack. As a result, companies may lose earnings, see their reputation hit, and have to stop working until the cyber-attack is handled. This, in turn, is boosting the demand for advanced cybersecurity solutions. Industries are also investing more in cybersecurity solutions so that they can instantly catch threats, take action, and keep risks in check.
Surging Mobile Banking Adoption
The rising use of mobile banking and digital payment is one of the major factors driving the growth of the cybersecurity services market. Because more people have smartphones and faster mobile Internet, people now do their transactions online and with mobile apps. Because of this increased connection, Paytm, Google Pay, Apple Pay, and PayPal have become popular choices for paying online. There is increased digitization in the banking sector, making banking institutes target of cybercriminals. Because many people handle their finances using their phones, hackers have exploited the weak security on those devices. When a data breach occurs via phishing, malware, or account takeover, cybercriminals use the data to carry out financial fraud. Thus, banks and fintech firms are now putting more effort into protecting their customers from digital risks. Companies are putting more money into modern cybersecurity to find vulnerabilities, add multi-factor authentication, and respond immediately to any attack. Such activs help protect client data and ensure the company adheres to regulations and is trusted by people. Since banking is moving online, strong cybersecurity is now needed to maintain smooth workflows.
Lack of Experts and Budget Constraints
Although business optimization needs to adopt highly effective cybersecurity, small and medium-sized enterprises (SMEs) struggle to implement these solutions. An important issue is that there aren’t enough qualified cybersecurity professionals for managing, setting up, and updating cybersecurity systems. Rising cyberattacks means more people with specialized skills are required. Small businesses are often unable to afford to buy, build, or maintain the large cybersecurity systems of bigger organizations. Many SMEs still rely on outdated or rudimentary systems, which elevates the risk of getting hit by a cyberattack.
Adoption of Cloud-Based Cybersecurity Solutions
More companies are turning toward cloud-based cybersecurity solutions, creating significant growth opportunities for cybersecurity firms. Cyber threats are gradually increasing in number and complexity, and SMEs are more interested in finding affordable, flexible, and quick-to-use security tools. Cloud-based cybersecurity solutions deliver strong security without needing to hire full cybersecurity teams or handle complicated systems. Cybersecurity companies can focus on making solutions tailored to the specific challenges and budgets of SMEs. As a result of providing cloud-based security solutions that are simple to use and can grow with a business, providers can serve a growing market.
Why did the Professional Services Segment Dominate the Market in 2024?
The professional services segment dominated the cybersecurity services market with the biggest market share in 2024. Because of the rapid use of cloud computing, IoT, and AI by different companies, organizations are dealing with more security problems. Consequently, companies are in greater demand for services that search for vulnerabilities, perform hacking tests, carry out security assessments, check compliance, and provide risk management consulting. Service providers are expanding their portfolio by offering plans and offers to help businesses deal with complex security challenges. As the adoption of cybersecurity solutions rises, so does the need for integration, support, and maintenance services.
The managed services segment is expected to grow at the highest CAGR in the coming years. The complexity of cyberattacks is rising, and there is a shortage of skilled workers in many businesses, especially small and mid-sized businesses, which is boosting the demand for managed services. Businesses are now turning to service providers that provide managed services. These services allow businesses to handle security and focus on other company priorities without having to spend much on their resources. More organizations are adopting cloud solutions and letting staff work from anywhere, which is boosting the need for managed services that are able to provide instant security and support. These services create adaptable, personalized security options that can adapt to changing business needs.
How does the Defense and Government Segment Dominate the Cybersecurity Services Market?
The defense and government segment dominated the market with the most revenue share in 2024. This is mainly due to the increased demand for robust security measures among government and defense agencies, as they need to protect sensitive national security details, defense strategies, reports from intelligence agencies, and critical assets. These agencies are more vulnerable to cyberattacks. Government operations have shifted to digital networks. This raised concerns about data security.
Moreover, governments across the globe are spending much on strong cybersecurity solutions that can detect threats early and fast to maintain the safety of data and keep their systems operating. The defense sector is also investing in modern security solutions to deal with new cyber threats and secure important national resources. These factors ensure the long-term growth of the segment.
The healthcare segment is expected to register the fastest CAGR in the upcoming period. With electronic health records (EHRs) in use, more medical devices connected to the internet (IoMT), expansion of telemedicine platforms and patient management systems, new risks have emerged for cybercriminals. Healthcare data is private and of high value since it includes personal health information (PHI) that could be used by attackers in ransomware attacks, breaches, and identity theft. If healthcare institutions are victims of cyberattacks, they fail to deliver care services to patients and may suffer great financial and image damage. Thus, healthcare organizations are taking action to stop these risks by using threat intelligence, managing vulnerabilities, safeguarding vulnerable devices, and building cloud security systems.
By Service
By Industry Vertical
By Region
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