The global IT & telecom cyber security market was valued at USD 35.11 billion in 2024 and is projected to reach USD 76.73 billion by 2030, registering a CAGR of 14.2% from 2025 to 2030. The rising vulnerability of the IT and telecommunications sectors to cyber-attacks-driven by massive data volumes and highly interconnected systems-continues to propel market growth.Increasing incidents of ransomware, DDoS attacks, phishing, and insider threats are prompting organizations to invest heavily in advanced cybersecurity solutions to protect their infrastructure and customer data. This escalating threat environment is significantly boosting the demand for cybersecurity technologies and managed services.
The rapid shift toward cloud-based environments has introduced new layers of complexity and risk. As IT and telecom companies migrate applications, workloads, and sensitive information to the cloud, the potential for unauthorized access and data breaches increases. This has accelerated the adoption of specialized cloud security tools such as cloud access security brokers (CASBs), encryption solutions, and identity and access management (IAM) systems. The growing prevalence of hybrid and multi-cloud architectures further amplifies the need for tailored security solutions capable of safeguarding data across distributed environments. Additionally, regulatory compliance requirements surrounding data protection continue to drive cloud security adoption across industries.
Key Market Trends & Insights
• North America held the largest revenue share of 35.73% in 2024.
• The U.S. market is projected to grow at a CAGR of 11.2% from 2025 to 2030.
• By enterprise size, SMEs accounted for 67.46% of the market in 2024.
• By component, the software segment led with 61.11% of revenue in 2024.
• By deployment, on-premise solutions dominated with 57.15% revenue share in 2024.
Market Size & Forecast
• 2024 Market Size: USD 35.11 Billion
• 2030 Market Size Projection: USD 76.73 Billion
• CAGR (2025–2030): 14.2%
• Largest Market (2024): North America
Key IT & Telecom Cyber Security Company Insights
Major companies operating in the market include Palo Alto Networks, Cisco Systems, Broadcom, CrowdStrike, and IBM Corporation. These firms are actively pursuing strategies such as new product launches, partnerships, and strategic collaborations to strengthen their market position and address evolving cyber challenges.
Leading Market Participants
• AO Kaspersky Lab
• Broadcom
• Check Point Software Technology Ltd.
• Cisco Systems, Inc.
• CrowdStrike
• IBM Corporation
• McAfee, Inc.
• Microsoft
• Palo Alto Networks, Inc.
• Sophos
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