Global cybersecurity market projected to reach significant value by 2030

The global cybersecurity market is experiencing significant growth driven by digital transformation, increased cloud adoption, and the rising sophistication of cyber threats. Projections indicate the market will reach approximately USD 302.4 billion by 2035, representing a compound annual growth rate (CAGR) of 5.8% from 2026.

Other estimates suggest the market could reach nearly €248.5 billion by 2030, fueled by a 7.2% annual growth rate. This expansion is attributed to the increasing frequency of attacks such as ransomware, phishing, and malware, which compel organizations to invest more heavily in protecting digital assets and infrastructure.

In Europe, the market is expected to grow from €35 billion in 2022 to an estimated €61.6 billion by 2030. Within the European sector, security solutions are projected to grow at a faster rate (9.4% CAGR) than security services (5.6% CAGR). Artificial intelligence is noted as playing a dual role, enhancing threat detection while simultaneously enabling more advanced attack techniques.