South Korea Cyber Security Market Size & Outlook

The cyber security market in South Korea is expected to reach a projected revenue of US$ 13,606.3 million by 2030. A compound annual growth rate of 14.2% is expected of South Korea cyber security market from 2025 to 2030.
Revenue, 2024 (US$M)
$6,223.5
Forecast, 2030 (US$M)
$13,606.3
CAGR, 2025 - 2030
14.2%
Report Coverage
South Korea

South Korea cyber security market, 2018-2030 (US$M)

To keep accessing Horizon, please sign in or register for a free account

  • Access to global market statistics
  • Access to company profiles
  • Free use-cases & research insights

No credit card required*

South Korea cyber security market, 2018-2030 (US$M)

South Korea cyber security market highlights

  • The South Korea cyber security market generated a revenue of USD 6,223.5 million in 2024 and is expected to reach USD 13,606.3 million by 2030.
  • The South Korea market is expected to grow at a CAGR of 13.9% from 2025 to 2030.
  • In terms of segment, hardware was the largest revenue generating offering in 2024.
  • Services is the most lucrative offering segment registering the fastest growth during the forecast period.

Cyber security market data book summary

Market revenue in 2024USD 6,223.5 million
Market revenue in 2030USD 13,606.3 million
Growth rate13.9% (CAGR from 2025 to 2030)
Largest segmentHardware
Fastest growing segmentServices
Historical data2018 - 2023
Base year2024
Forecast period2025 - 2030
Quantitative unitsRevenue in USD million
Market segmentationHardware, Software, Services
Key market players worldwideBAE Systems PLC, Broadcom Inc, Check Point Software Technologies Ltd, Cisco Systems Inc, Fortinet Inc, International Business Machines Corp, Lockheed Martin Corp, LogRhythm, McAfee, Palo Alto Networks Inc, Proofpoint, Sophos, Trend Micro Inc

Other key industry trends

  • In terms of revenue, South Korea accounted for 2.5% of the global cyber security market in 2024.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, India cyber security market is projected to lead the regional market in terms of revenue in 2030.
  • India is the fastest growing regional market in Asia Pacific and is projected to reach USD 20,482.6 million by 2030.

No credit card required*

Horizon in a snapshot

  • 30K+ Global Market Reports
  • 120K+ Country Reports
  • 1.2M+ Market Statistics
  • 200K+ Company Profiles
  • Industry insights and more

Cyber Security Market Companies

Name Profile # Employees HQ Website

South Korea cyber security market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cyber security market will help companies and investors design strategic landscapes.


Hardware was the largest segment with a revenue share of 57.85% in 2024. Horizon Databook has segmented the South Korea cyber security market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.


The market growth in South Korea can be attributed to the increased number of new threats, government regulations, and the proliferation of data generated by consumers. Digital transformation has created a plethora of new opportunities for cyberattacks. 

The diversification of technology and the limited availability of skilled cybersecurity professionals are some of the major factors driving the adoption of advanced cybersecurity solutions in the country. IT firms are constantly adopting new technologies such as cloud computing, artificial intelligence, machine learning, and DevOps. 

As a result, the demand for outsourcing managed security services is also increasing among enterprises, offering capabilities and assistance that help businesses manage and protect their digital assets, networks, and endpoints from cyber threats.

Reasons to subscribe to South Korea cyber security market databook:

  • Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
  • Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
  • Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
  • Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
  • Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.

Target buyers of South Korea cyber security market databook

  • Our clientele includes a mix of cyber security market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.

Horizon Databook provides a detailed overview of country-level data and insights on the South Korea cyber security market , including forecasts for subscribers. This country databook contains high-level insights into South Korea cyber security market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

Partial client list

  • logo

South Korea cyber security market size, by offering, 2018-2030 (US$M)

South Korea Cyber Security Market Outlook Share, 2024 & 2030 (US$M)

South Korea cyber security market size, by offering, 2018-2030 (US$M)

Sign up - it's easy, and free!

Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our free plan indefinitely.

Explore all plans

Included in Horizon account

  • 30K+ Global Market Reports
  • 120K+ Country Reports
  • 1.2M+ Market Statistics
  • 200K+ Company Profiles
  • Industry insights and more