The information technology (IT) and telecom cyber security market size has grown rapidly in recent years. It will grow from $39.2 billion in 2023 to $44.39 billion in 2024 at a compound annual growth rate (CAGR) of 13.2%. The expansion observed in the historical period can be attributed to several factors, including the growing dependence on digital infrastructure, a rise in cybercrime activities, the increasing complexity of IT ecosystems, high-profile data breaches, and a heightened awareness of the importance of cybersecurity. These factors collectively contributed to the growth during that timeframe.
The information technology (IT) and telecom cyber security market size is expected to see rapid growth in the next few years. It will grow to $71.12 billion in 2028 at a compound annual growth rate (CAGR) of 12.5%. The anticipated growth in the forecast period can be attributed to the emergence of new attack vectors, the widespread adoption of cloud computing, the proliferation of mobile devices, the increase in remote work and digital transformation efforts, and the expansion of the Internet of Things (IoT). Key trends expected in the forecast period include the rise of the zero trust architecture, a focus on threat intelligence sharing, the growth of ransomware and extortion attacks, an emphasis on privacy and data protection regulations, and an increased demand for managed security services.
The increasing adoption of cloud computing is set to drive the growth of the information technology (IT) and telecom cybersecurity market in the foreseeable future. Cloud computing, a technology enabling users to access and utilize computing resources over the internet on a pay-per-use basis, is gaining prominence due to its ability to provide cost-effective, scalable, flexible, and secure IT solutions. This supports business agility, innovation, and growth in a digital and interconnected world. However, the adoption of cloud computing raises concerns about data privacy, compliance, and regulatory requirements, particularly in industries with stringent data protection regulations such as healthcare, finance, and government. To address these concerns, organizations are implementing cybersecurity solutions to ensure data privacy, regulatory compliance, and protection against data breaches and unauthorized access within the cloud and during data transfer. For example, in 2023, the European Commission reported a 4.2% increase in the adoption of cloud-based solutions in the European Union, with 45.2% of enterprises purchasing cloud computing services.
Leading companies in the information technology (IT) and telecom cybersecurity market are intensifying their focus on developing advanced solutions to gain a competitive edge. One notable advancement is Sentra Jagger, a generative AI (artificial intelligence) assistant designed for cloud data security. This software solution leverages artificial intelligence techniques to autonomously generate and implement security measures, policies, and protocols to protect data stored in cloud environments. In March 2024, Sentra, an Israel-based cloud data security company, launched Sentra Jagger, featuring swift threat analysis and rapid incident response. This platform reduces response times by up to 80%, reinforcing cybersecurity operations in the IT and telecom sectors. This signifies a significant shift towards artificial intelligence and automation in cybersecurity, enhancing threat analysis, providing real-time insights, and improving efficiency in addressing evolving cyber threats to safeguard critical data assets in the information technology and telecom cybersecurity realm.
In December 2023, Thales Group, a France-based technology company, acquired Imperva, Inc. for $3.6 billion. This acquisition strengthens cybersecurity solutions, expands market presence, and reinforces Thales' leadership in the information technology and telecom cybersecurity markets. Imperva, Inc., a US-based cybersecurity company, specializes in protecting data and application software, contributing to Thales' enhanced data protection capabilities against evolving cyber threats.
Major companies operating in the information technology (it) and telecom cyber security market are Dell Technologies Inc., Intel Corporation, International Business Machines Corporation, Cisco Systems Inc., Broadcom, Telefonaktiebolaget Lm Ericsson, Bae Systems Inc., Palo Alto Networks Inc., Juniper Networks Inc., Fortinet Inc., Akamai Technologies Inc., Symantec Corporation, Splunk Inc., Micro Focus International, Check Point Software Technology Ltd., CrowdStrike, McAfee LLC, Trend Micro Incorporated, Zscaler Inc., Proofpoint Inc., AO Kaspersky Lab, Tenable Holdings Inc., Rapid7, Sophos, CyberArk Software Ltd., FireEye Inc., SecureWorks Corp., Qualys Inc., Varonis Systems Inc., Mimecast Ltd., Okta Inc.
North America was the largest region in the information technology (IT) and telecom cyber security market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the information technology (it) and telecom cyber security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the information technology (it) and telecom cyber security market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Information technology (IT) and telecom cybersecurity encompasses a collection of measures, practices, and technologies specifically crafted to safeguard information technology systems, networks, devices, and data within the telecommunications industry from cyber threats and unauthorized access. This comprehensive approach aims to protect telecommunications infrastructure, networks, and services against various cyber threats. The primary focus is on ensuring the privacy, integrity, and availability of sensitive information and communications. The approach involves a multi-layered strategy that integrates technology, processes, and people to identify, assess, and effectively mitigate security risks.
The primary security types in information technology (IT) and telecom cybersecurity include network security, endpoint security, application security, cloud security, and others. Network security focuses on implementing measures to safeguard a computer network infrastructure from unauthorized access, misuse, modification, or denial of service. This ensures the confidentiality, integrity, and availability of data transmitted over the network. These security measures are deployed across various organizations, including small and medium enterprises as well as large enterprises, using both on-premises and cloud-based models. The end users span across sectors such as telecom service providers, e-commerce, enterprises, utilities, and government and defense entities.
The information technology (IT) and telecom cyber security market research report is one of a series of new reports that provides information technology (IT) and telecom cyber security market statistics, including information technology (IT) and telecom cyber security industry global market size, regional shares, competitors with information technology (IT) and telecom cyber security market share, detailed information technology (IT) and telecom cyber security market segments, market trends, and opportunities, and any further data you may need to thrive in the information technology (IT) and telecom cyber security industry. This information technology (IT) and telecom cyber security market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The information technology (IT) and telecom cyber security market consists of revenues earned by entities by providing services such as cybersecurity consulting, incident response, penetration testing, vulnerability assessments, and managed security services. The market value includes the value of related goods sold by the service provider or included within the service offering. The information technology (IT) and telecom cyber security market also includes sales of products such as firewall systems, antivirus software, intrusion detection systems, encryption solutions, and identity and access management platforms. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The information technology (IT) and telecom cyber security market size is expected to see rapid growth in the next few years. It will grow to $71.12 billion in 2028 at a compound annual growth rate (CAGR) of 12.5%. The anticipated growth in the forecast period can be attributed to the emergence of new attack vectors, the widespread adoption of cloud computing, the proliferation of mobile devices, the increase in remote work and digital transformation efforts, and the expansion of the Internet of Things (IoT). Key trends expected in the forecast period include the rise of the zero trust architecture, a focus on threat intelligence sharing, the growth of ransomware and extortion attacks, an emphasis on privacy and data protection regulations, and an increased demand for managed security services.
The increasing adoption of cloud computing is set to drive the growth of the information technology (IT) and telecom cybersecurity market in the foreseeable future. Cloud computing, a technology enabling users to access and utilize computing resources over the internet on a pay-per-use basis, is gaining prominence due to its ability to provide cost-effective, scalable, flexible, and secure IT solutions. This supports business agility, innovation, and growth in a digital and interconnected world. However, the adoption of cloud computing raises concerns about data privacy, compliance, and regulatory requirements, particularly in industries with stringent data protection regulations such as healthcare, finance, and government. To address these concerns, organizations are implementing cybersecurity solutions to ensure data privacy, regulatory compliance, and protection against data breaches and unauthorized access within the cloud and during data transfer. For example, in 2023, the European Commission reported a 4.2% increase in the adoption of cloud-based solutions in the European Union, with 45.2% of enterprises purchasing cloud computing services.
Leading companies in the information technology (IT) and telecom cybersecurity market are intensifying their focus on developing advanced solutions to gain a competitive edge. One notable advancement is Sentra Jagger, a generative AI (artificial intelligence) assistant designed for cloud data security. This software solution leverages artificial intelligence techniques to autonomously generate and implement security measures, policies, and protocols to protect data stored in cloud environments. In March 2024, Sentra, an Israel-based cloud data security company, launched Sentra Jagger, featuring swift threat analysis and rapid incident response. This platform reduces response times by up to 80%, reinforcing cybersecurity operations in the IT and telecom sectors. This signifies a significant shift towards artificial intelligence and automation in cybersecurity, enhancing threat analysis, providing real-time insights, and improving efficiency in addressing evolving cyber threats to safeguard critical data assets in the information technology and telecom cybersecurity realm.
In December 2023, Thales Group, a France-based technology company, acquired Imperva, Inc. for $3.6 billion. This acquisition strengthens cybersecurity solutions, expands market presence, and reinforces Thales' leadership in the information technology and telecom cybersecurity markets. Imperva, Inc., a US-based cybersecurity company, specializes in protecting data and application software, contributing to Thales' enhanced data protection capabilities against evolving cyber threats.
Major companies operating in the information technology (it) and telecom cyber security market are Dell Technologies Inc., Intel Corporation, International Business Machines Corporation, Cisco Systems Inc., Broadcom, Telefonaktiebolaget Lm Ericsson, Bae Systems Inc., Palo Alto Networks Inc., Juniper Networks Inc., Fortinet Inc., Akamai Technologies Inc., Symantec Corporation, Splunk Inc., Micro Focus International, Check Point Software Technology Ltd., CrowdStrike, McAfee LLC, Trend Micro Incorporated, Zscaler Inc., Proofpoint Inc., AO Kaspersky Lab, Tenable Holdings Inc., Rapid7, Sophos, CyberArk Software Ltd., FireEye Inc., SecureWorks Corp., Qualys Inc., Varonis Systems Inc., Mimecast Ltd., Okta Inc.
North America was the largest region in the information technology (IT) and telecom cyber security market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the information technology (it) and telecom cyber security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the information technology (it) and telecom cyber security market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Information technology (IT) and telecom cybersecurity encompasses a collection of measures, practices, and technologies specifically crafted to safeguard information technology systems, networks, devices, and data within the telecommunications industry from cyber threats and unauthorized access. This comprehensive approach aims to protect telecommunications infrastructure, networks, and services against various cyber threats. The primary focus is on ensuring the privacy, integrity, and availability of sensitive information and communications. The approach involves a multi-layered strategy that integrates technology, processes, and people to identify, assess, and effectively mitigate security risks.
The primary security types in information technology (IT) and telecom cybersecurity include network security, endpoint security, application security, cloud security, and others. Network security focuses on implementing measures to safeguard a computer network infrastructure from unauthorized access, misuse, modification, or denial of service. This ensures the confidentiality, integrity, and availability of data transmitted over the network. These security measures are deployed across various organizations, including small and medium enterprises as well as large enterprises, using both on-premises and cloud-based models. The end users span across sectors such as telecom service providers, e-commerce, enterprises, utilities, and government and defense entities.
The information technology (IT) and telecom cyber security market research report is one of a series of new reports that provides information technology (IT) and telecom cyber security market statistics, including information technology (IT) and telecom cyber security industry global market size, regional shares, competitors with information technology (IT) and telecom cyber security market share, detailed information technology (IT) and telecom cyber security market segments, market trends, and opportunities, and any further data you may need to thrive in the information technology (IT) and telecom cyber security industry. This information technology (IT) and telecom cyber security market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The information technology (IT) and telecom cyber security market consists of revenues earned by entities by providing services such as cybersecurity consulting, incident response, penetration testing, vulnerability assessments, and managed security services. The market value includes the value of related goods sold by the service provider or included within the service offering. The information technology (IT) and telecom cyber security market also includes sales of products such as firewall systems, antivirus software, intrusion detection systems, encryption solutions, and identity and access management platforms. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Information Technology (IT) and Telecom Cyber Security Market Characteristics3. Information Technology (IT) and Telecom Cyber Security Market Trends and Strategies32. Global Information Technology (IT) and Telecom Cyber Security Market Competitive Benchmarking33. Global Information Technology (IT) and Telecom Cyber Security Market Competitive Dashboard34. Key Mergers and Acquisitions in the Information Technology (IT) and Telecom Cyber Security Market
4. Information Technology (IT) and Telecom Cyber Security Market - Macro Economic Scenario
5. Global Information Technology (IT) and Telecom Cyber Security Market Size and Growth
6. Information Technology (IT) and Telecom Cyber Security Market Segmentation
7. Information Technology (IT) and Telecom Cyber Security Market Regional and Country Analysis
8. Asia-Pacific Information Technology (IT) and Telecom Cyber Security Market
9. China Information Technology (IT) and Telecom Cyber Security Market
10. India Information Technology (IT) and Telecom Cyber Security Market
11. Japan Information Technology (IT) and Telecom Cyber Security Market
12. Australia Information Technology (IT) and Telecom Cyber Security Market
13. Indonesia Information Technology (IT) and Telecom Cyber Security Market
14. South Korea Information Technology (IT) and Telecom Cyber Security Market
15. Western Europe Information Technology (IT) and Telecom Cyber Security Market
16. UK Information Technology (IT) and Telecom Cyber Security Market
17. Germany Information Technology (IT) and Telecom Cyber Security Market
18. France Information Technology (IT) and Telecom Cyber Security Market
19. Italy Information Technology (IT) and Telecom Cyber Security Market
20. Spain Information Technology (IT) and Telecom Cyber Security Market
21. Eastern Europe Information Technology (IT) and Telecom Cyber Security Market
22. Russia Information Technology (IT) and Telecom Cyber Security Market
23. North America Information Technology (IT) and Telecom Cyber Security Market
24. USA Information Technology (IT) and Telecom Cyber Security Market
25. Canada Information Technology (IT) and Telecom Cyber Security Market
26. South America Information Technology (IT) and Telecom Cyber Security Market
27. Brazil Information Technology (IT) and Telecom Cyber Security Market
28. Middle East Information Technology (IT) and Telecom Cyber Security Market
29. Africa Information Technology (IT) and Telecom Cyber Security Market
30. Information Technology (IT) and Telecom Cyber Security Market Competitive Landscape and Company Profiles
31. Information Technology (IT) and Telecom Cyber Security Market Other Major and Innovative Companies
35. Information Technology (IT) and Telecom Cyber Security Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Information Technology (IT) And Telecom Cyber Security Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on information technology (IT) and telecom cyber security market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for information technology (IT) and telecom cyber security ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The information technology (IT) and telecom cyber security market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Security Type: Network Security; Endpoint Security; Application Security; Cloud Security; Other Security Types.2) By Organization Size: Small And Medium Enterprises; Large Enterprises
3) By Deployment Mode: On-Premises; Cloud-Based
4) By End-User Industry: Telecom Service Providers; E-commerce; Enterprises; Utilities; Government And Defense.
Key Companies Mentioned: Dell Technologies Inc.; Intel Corporation; International Business Machines Corporation; Cisco Systems Inc.; Broadcom
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- Dell Technologies Inc.
- Intel Corporation
- International Business Machines Corporation
- Cisco Systems Inc.
- Broadcom
- Telefonaktiebolaget Lm Ericsson
- Bae Systems Inc.
- Palo Alto Networks Inc.
- Juniper Networks Inc.
- Fortinet Inc.
- Akamai Technologies Inc.
- Symantec Corporation
- Splunk Inc.
- Micro Focus International
- Check Point Software Technology Ltd.
- CrowdStrike
- McAfee LLC
- Trend Micro Incorporated
- Zscaler Inc.
- Proofpoint Inc.
- AO Kaspersky Lab
- Tenable Holdings Inc.
- Rapid7
- Sophos
- CyberArk Software Ltd.
- FireEye Inc.
- SecureWorks Corp.
- Qualys Inc.
- Varonis Systems Inc.
- Mimecast Ltd.
- Okta Inc.
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | April 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 44.39 Billion |
Forecasted Market Value ( USD | $ 71.12 Billion |
Compound Annual Growth Rate | 13.0% |
Regions Covered | Global |
No. of Companies Mentioned | 31 |