Cybersecurity is a set of practices dedicated to protecting systems, networks, and programs from digital attacks. Hackers who perform the attacks usually have the goal of accessing, changing, or destroying sensitive information. Cybercrimes can be used to extort money from organizations, steal trade secrets, gain sensitive information for resale or non-monetary goals, or interrupt normal business processes. Thus, implementing effective cybersecurity measures is essential to the protection of privacy, health, and finances of individuals and businesses. Nowadays Cybersecurity faces more challenges than ever because there are more devices than people, and attackers are becoming more innovative. You can find Cybersecurity Spending, Cybersecurity Growth, and other trends and statistics below
The chart shows the Cybersecurity Market Size from 2018 to 2022. In 2019, the size of the Cybersecurity Industry was $167B and is projected to grow 9% in 2020. From 2018 to 2022 the Cybersecurity Industry Growth is projected to average 9% per year.
The chart shows Cybersecurity Market Share in Q4 2019. The leading vendor in the Cybersecurity Industry was Cisco with 9.6% market share in Q4 2019, followed by Palo Alto Networks with 6.9% market share, Check Point with 6.3%, Fortinet with 6.1%, IBM with 5.8%, and others with 65.3%. View the source for this Cybersecurity Market Share chart and other Market Share estimates here.
Cybersecurity is one of the most important modern IT Industries. Cybersecurity Industry Growth is driven by many trends including new data regulation policies, increase in Cybercrime, and an explosion of attack surfaces. In addition to securing assets, organizations are spending on implementing policies such as GDPR and the recent CCPA, as well as related consulting. Due to the difficulty to stand up an experienced internal security team and the shortage of experienced security professionals, Security Services are the largest Cybersecurity segment and Managed Security Services are becoming more appealing as a way to cover security needs. Today, there are more devices than users, and each device needs to be secured for the sake of the whole network. These are just a few of the trends driving Cybersecurity Growth.
Market research sources disagree moderately on the Cybersecurity Market Size, intensely disagree on the Cybersecurity Market Share, and generally agree on the Cybersecurity Growth. The cause of disagreement is due to the dynamic and fast-changing nature of the Industry. Old solutions are continuously evolving and new ones are popping up on the market. Security is increasingly integrated into products that were once distinct from cybersecurity, such as hard drives and routers. Making an assessment of what constitutes a security product or service is no longer a black and white task. For a complete evaluation of the Cybersecurity market, T4 recommends exploring all available sources. T4 aggregated and organized the data from these sources on the T4 Industry Research Platform. See Each source's view of the Cybersecurity Market, Cybersecurity Spending, and Cybersecurity Industry Growth on the T4 Platform.
T4 comprehensively aggregated thousands of reports from hundreds of publishers covering statistics and trends in the Cybersecurity Market. This includes Cybersecurity Revenue by Vendor, Install Base, Adoption, Vendor Comparisons, an assortment of data form Surveys and Studies, M&A Transactions, and more than 100 additional Cybersecurity statistics cut across vertical industries, regions, and other segmentations. The Cybersecurity Industry falls under T4's Information Technology industry coverage. Industries related to Cybersecurity in the T4 taxonomy include Cloud Computing, Data Center, Server, Storage and Networking. Related subcategories of the Industry include Security Services, Network Security, Endpoint Security, Application Security, Security Operations, Infrastructure Security, and Data Security. You can find reports covering these industries on T4’s Platform.
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