Cybersecurity Market Share

Statistics for the 2023 & 2024 Cybersecurity market share, created by Mordor Intelligence™ Industry Reports. Cybersecurity share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

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Market Share of Cybersecurity Industry

The Cybersecurity market is highly fragmented, owing to global players and small and medium-sized enterprises. Some of the major players are IBM Corporation, Nortonlifelock Inc. (Gen Digital Inc.), Microsoft Corporation, Proofpoint Inc. (Thoma Bravo LP), and Mcafee LLC. In order to enhance their services and solution offerings and gain sustainable competitive advantage, players in the market adopt strategies such as acquisitions and partnerships.

  • July 2024 - IBM and Microsoft bolstered their cybersecurity collaboration, aiming to assist clients in streamlining and updating their security operations, especially in the realm of hybrid cloud identity management. The collaboration combined IBM Consulting's cybersecurity services and Microsoft's robust security technology suite, equipped clients with the necessary tools and know-how to streamline their security operations, leverage cloud capabilities, safeguard their data, and fuel business expansion.
  • June 2024 - Microsoft Corp. unveiled a cybersecurity initiative to bolster the defenses of hospitals catering to over 60 million residents in rural America. Complementing this, Microsoft collaborates with community colleges to roll out the Cybersecurity Skills Initiative. Furthermore, through its TechSpark program, Microsoft is actively fostering technology and cybersecurity employment opportunities in tandem with local partners.

Cybersecurity Market Leaders

  1. IBM Corporation

  2. Nortonlifelock Inc. (Gen Digital Inc.)

  3. Microsoft Corporation

  4. Proofpoint Inc. (Thoma Bravo, L.p.)

  5. Mcafee LLC

*Disclaimer: Major Players sorted in no particular order

Cybersecurity Market Concentration

Cybersecurity Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)