Security Spending Market, By Application, By Deployment Models, By Components, By Security Spending Types, By End User (Commercial sectors, Government sector, Individuals, Infrastructure facilities, Transportation, Others ), By Geography

Description

The Global Security Spending Market size is estimated at US$ 152.81 Billion in 2023 and is expected to reach US$ 258.51 Billion by 2030, grow at a compound annual growth rate (CAGR) of 7.8% from 2023 to 2030.

Report Coverage		Report Details
Base Year:	2022	Market Size in 2023/2024:	US$ 152.81 Bn
Historical Data for:	2018 to 2021	Forecast Period:	2023 - 2030
Forecast Period 2023/2024 to 2030/2031 CAGR:	7.80%	2030/2031 Value Projection:	US$ 258.51 Bn

Figure 1. Global Security Spending Market Share (%), By Region, 2023

Security spending refers to the financial investment made by individuals, organizations, and governments to procure and implement various measures, technologies, and services aimed at safeguarding digital assets, information, physical infrastructure, and personnel from cyber threats, data breaches, unauthorized access, and other security risks.

Market Dynamics:

The global security spending market is characterized by a dynamic landscape propelled by a myriad of factors. The surging incidents of cybercrime and advanced persistent threats (APTs) necessitate robust investment in cyber security solutions. With digital transformation shaping enterprises, industries like finance, healthcare, and government are increasingly vulnerable to sophisticated attacks, therefore amplifying their security budgets. Furthermore, stringent regulatory requirements across different regions demand stringent compliance measures, further stoking expenditure on security infrastructure. The rise in remote and hybrid work models since the pandemic has also generated a significant uptick in endpoint security and cloud-based services to safeguard dispersed work environments.

Additionally, the market is sinking by the growing adoption of cutting-edge technologies such as AI, ML, and automation, which are being leveraged to pre-empt and neutralize cyber threats more efficiently, although these advancements also pose a need for continuous investment to address an ever-evolving threat landscape.

However, the industry is involved with a talent crunch in cyber security expertise, leading many organizations to lean towards managed security services and outsourcing as viable solutions to bolster their defense mechanisms against potential cyber-attacks. Geopolitical tensions, too, add another layer of complexity, potentially catalyzing further investment in cyber security measures by state and private entities alike. Together, these forces shape the momentum of the global security spending market, making it a crucial area to watch for future developments and trends.

Key features of the study:

This report provides in-depth analysis of the global security spending market, and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global security spending market based on the following parameters such as company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Cisco Systems, Palo Alto Networks, IBM Security, Check Point Software Technologies, Symantec, Fortinet, McAfee, Trend Micro, CrowdStrike, Proofpoint, FireEye, Darktrace, Splunk, RSA Security, Akamai Technologies
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global security spending market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global security spending market

Security Spending Market Detailed Segmentation:

By Application:
- Disaster Recovery
- Email Security
- Web Security
- Firewall
- SIM
- SIEM Network Security
By Deployment Models:
- On-Premises
- Cloud-Based
- Hybrid
By Components:
- Application security
- Network security
- Endpoint security
- Cloud security
- Wireless security
- Identity and Access Management
By Security Spending Types:
- Preventive Spending
- Detective Spending
- Remediation Spending
By End User:
- Commercial sectors
- Government sector
- Individuals
- Infrastructure facilities
- Transportation
- Others (Healthcare, Utilities)
By Region:
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
Company Profiles:
- Cisco Systems
- Palo Alto Networks
- IBM Security
- Check Point Software Technologies
- Symantec
- Fortinet
- McAfee
- Trend Micro
- CrowdStrike
- Proofpoint
- FireEye
- Darktrace
- Splunk
- RSA Security
- Akamai Technologies

Product Code: CMI6144

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Application
- Market Snippet, By Deployment Models
- Market Snippet, By Components
- Market Snippet, By Security Spending Types
- Market Snippet, By End User
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
Rising Cyber security Threats
Digital Transformation
Regulatory Compliance
High-Profile Data Breaches
- Restraints
Budget Constraints
Complexity of Threat Landscape
Lack of Skilled Cyber security Professionals
- Opportunities
Cyber security Solutions Innovation Cloud Security
Managed Security Services
Endpoint Security
Impact Analysis
Key Highlights
Regulatory Scenario
Product launch/Approvals
PEST Analysis
PORTER's Analysis
Merger and Acquisition Scenario

4. Global Security Spending Market - Impact of Coronavirus (COVID-19) Pandemic

COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact

5. Global Security Spending Market, By Application, 2018-2030, (US$ Billion)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
Diaster Recovery
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
Email Security
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
Web Security
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
Firewall
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
SIM
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
SIEM Network Security
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)

6. Global Security Spending Market, By Deployment Models, 2018-2030, (US$ Billion)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
On-Premises
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
Cloud-Based
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
Hybrid
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)

7. Global Security Spending Market, By Components, 2018-2030, (US$ Billion)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
Application Security
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
Network Security
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
Endpoint Security
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
Cloud Security
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
Wireless Security
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
Identity and Access Management
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)

8. Global Security Spending Market, By Security Spending Types, 2018-2030, (US$ Billion)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
Preventive Spending
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
Detective Spending
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
Remediation Spending
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)

9. Global Security Spending Market, By End User, 2018-2030, (US$ Billion)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
Commercial sectors
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
Government Sector
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
Individuals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
Infrastructure facilities
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
Transportation
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
Others (Healthcare, Utilities)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)

10. Global Security Spending Market, By Region, 2018-2030, (US$ Billion)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Deployment Models, 2018-2030,(US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Components, 2018-2030,(US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Security Spending Types, 2018-2030,(US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030,(US$ Billion)
U.S.
Canada
Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Deployment Models, 2018-2030,(US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Components, 2018-2030,(US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Security Spending Types, 2018-2030,(US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030,(US$ Billion)
Germany
U.K.
France
Russia
Spain
Italy
Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Deployment Models, 2018-2030,(US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Components, 2018-2030,(US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Security Spending Types, 2018-2030,(US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030,(US$ Billion)
China
India
Japan
Australia
South Korea
Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Deployment Models, 2018-2030,(US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Components, 2018-2030,(US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Security Spending Types, 2018-2030,(US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030,(US$ Billion)
Brazil
Argentina
Mexico
Rest of Latin America
Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Deployment Models, 2018-2030,(US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Components, 2018-2030,(US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Security Spending Types, 2018-2030,(US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030,(US$ Billion)
GCC Countries
Israel
South Africa
North Africa
Central Africa
Rest of Middle East

11. Competitive Landscape

Cisco Systems
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Palo Alto Networks
IBM Security
Check Point Software Technologies
Symantec
Fortinet
McAfee
Trend Micro
CrowdStrike
Proofpoint
FireEye
Darktrace
Splunk
RSA Security
Akamai Technologies
Analyst Views

12. Section

Research Methodology
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