PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1744763
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1744763
Global IT and Telecom Cyber Security Market to Reach US$73.8 Billion by 2030
The global market for IT and Telecom Cyber Security estimated at US$33.9 Billion in the year 2024, is expected to reach US$73.8 Billion by 2030, growing at a CAGR of 13.8% over the analysis period 2024-2030. Software Component, one of the segments analyzed in the report, is expected to record a 13.1% CAGR and reach US$40.7 Billion by the end of the analysis period. Growth in the Hardware Component segment is estimated at 15.3% CAGR over the analysis period.
The U.S. Market is Estimated at US$9.2 Billion While China is Forecast to Grow at 18.3% CAGR
The IT and Telecom Cyber Security market in the U.S. is estimated at US$9.2 Billion in the year 2024. China, the world's second largest economy, is forecast to reach a projected market size of US$15.6 Billion by the year 2030 trailing a CAGR of 18.3% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 10.2% and 12.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 11.0% CAGR.
Global IT and Telecom Cyber Security Market - Key Trends & Drivers Summarized
Why Is Cyber Security a Strategic Priority in the IT and Telecom Sector?
The IT and telecom industry sits at the core of global digital infrastructure, supporting billions of interconnected users, critical data exchanges, and vast communication networks. This centrality makes the sector a prime target for increasingly sophisticated cyber threats ranging from ransomware and phishing attacks to nation-state-sponsored espionage and infrastructure sabotage. The dual responsibility of securing internal systems and safeguarding customer data places telecom and IT service providers under intense pressure to maintain robust, proactive cybersecurity frameworks.
With the rapid expansion of 5G networks, edge computing, and cloud-based services, the attack surface across the IT and telecom ecosystem has multiplied. Service providers are now expected to not only secure their own operations but also offer built-in, resilient cyber defenses as part of their product and service offerings. The sector must navigate evolving threat vectors while complying with data protection regulations such as GDPR, CCPA, and sector-specific standards. Cyber security is no longer an IT function but a core business requirement for telecom and tech firms operating in today’s hyper-connected landscape.
What Technologies and Strategies Are Driving Innovation in Telecom and IT Cyber Defense?
A layered, adaptive approach is reshaping cyber security strategies across the IT and telecom space. The deployment of AI- and ML-powered threat detection is helping organizations analyze traffic patterns, detect anomalies, and respond to attacks in real time. Advanced Security Information and Event Management (SIEM) tools, combined with User and Entity Behavior Analytics (UEBA), are increasingly used to build context-aware security environments capable of managing threats at machine speed. Zero-trust architecture is being widely adopted to eliminate implicit trust across networks, requiring continuous verification of user identities, device integrity, and access privileges.
In telecom networks, especially those transitioning to software-defined networking (SDN) and network function virtualization (NFV), cybersecurity is being embedded directly into the network fabric. Firewalls, intrusion prevention systems (IPS), DDoS mitigation, and DNS-layer security are being deployed closer to the edge to secure data flows before they enter core infrastructure. As telcos expand into IoT and connected device ecosystems, endpoint detection and response (EDR), secure access service edge (SASE), and encryption technologies are critical to protecting data in motion and at rest. These technical defenses are increasingly backed by threat intelligence platforms that offer real-time updates and predictive risk modeling.
Which Threat Vectors and Compliance Demands Are Driving Market Expansion?
The rise in distributed denial-of-service (DDoS) attacks, ransomware campaigns, supply chain compromises, and identity-based intrusions is fueling investment in advanced cyber security systems. For telecom providers, the proliferation of 5G networks brings new vulnerabilities such as virtualization risks, inter-network signaling flaws, and a massive increase in connected endpoints-each requiring comprehensive security management. Meanwhile, IT service providers face elevated risks due to remote workforces, cloud misconfigurations, and the complexity of hybrid infrastructure models.
Regulatory pressures are also accelerating cyber security investments. Governments and industry regulators are demanding more rigorous data protection, breach disclosure protocols, and cyber resilience planning from telecom operators and digital service providers. Initiatives such as the European Union’s NIS2 directive, the U.S. Executive Order on Cybersecurity, and sector-specific compliance frameworks in financial services and healthcare are pushing providers to harden infrastructure and adopt more transparent governance models. Managed security service providers (MSSPs) and telecom companies are increasingly offering cyber security-as-a-service to help businesses navigate these growing complexities.
The Growth in the IT and Telecom Cyber Security Market Is Driven by Several Factors…
The growth in the IT and telecom cyber security market is driven by several factors including the explosive rise in network traffic, the expansion of 5G and IoT ecosystems, and the increasing sophistication of cyber-attacks. Telecom providers, once focused on physical network availability, now must secure virtualized environments and customer-facing platforms, making end-to-end security integration a business imperative. The rising frequency and cost of data breaches, alongside reputational damage and regulatory penalties, are prompting both incumbents and emerging players to prioritize cyber defense investment.
Technological shifts such as the adoption of AI-driven security automation, cloud-native security stacks, and zero-trust network access (ZTNA) are enabling scalable, real-time threat mitigation. Demand for secure SD-WAN, endpoint detection, identity governance, and encrypted communication is accelerating across all telecom segments. Additionally, the hybrid work model, reliance on public cloud services, and edge computing deployments are expanding the market for decentralized, policy-driven security architectures. As digital transformation advances across sectors, IT and telecom operators are positioned not only as security enforcers but as security providers-driving market growth through integrated, adaptive, and service-based cyber defense solutions.
SCOPE OF STUDY:
The report analyzes the IT and Telecom Cyber Security market in terms of units by the following Segments, and Geographic Regions/Countries:
Segments:
Component (Software, Hardware, Services); Organization Size (SMEs, Large Enterprises); Deployment (On-Premise, Cloud)
Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
Select Competitors (Total 44 Featured) -
TARIFF IMPACT FACTOR
Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.
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We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.
As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.
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APRIL 2025: NEGOTIATION PHASE
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JULY 2025 FINAL TARIFF RESET
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Reciprocal and Bilateral Trade & Tariff Impact Analyses:
USA <> CHINA <> MEXICO <> CANADA <> EU <> JAPAN <> INDIA <> 176 OTHER COUNTRIES.
Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.
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