GVR Report cover IT & Telecom Cyber Security Market Size, Share & Trends Report

IT & Telecom Cyber Security Market Size, Share & Trends Analysis Report By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa), And Segment Forecasts, 2022 - 2030

  • Report ID: GVR-4-68039-975-2
  • Number of Report Pages: 110
  • Format: PDF, Horizon Databook
  • Historical Range: 2018 - 2020
  • Forecast Period: 2022 - 2030
  • Industry: Technology

Report Overview

The global IT & telecom cyber security market size was valued at USD 30.18 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 12.1% from 2022 to 2030. The emergence of various disruptive technologies such as cloud, IoT, and 5G have facilitated ease of working, and automation, and added new capabilities in the telecom sector. However, it has also made IT & telecom companies vulnerable to cyberattacks. Enhancements and expansion in telecom networks have resulted in increased penetration of smartphones and connected devices, which is anticipated to expose telecom companies to various cyber threats, which bodes well for market growth.

 Global IT & telecom cyber security market size, by region, 2020 - 2030 (USD Billion)

The IT & telecom sectors experienced a surge in cyber-attacks during the pandemic due to emerging remote work-from-home trend, growth in online streaming, and online education trends. These emerging trends contributed to increased data volumes and network traffic, thereby exposing telecom networks to cyber-attacks. For instance, Nokia experienced an increase of 20-40% in network traffic in 2020. The growing popularity of OTT content coupled with increasing piracy over endpoint devices increased the risk of cyber threats, subsequently increasing the adoption of cyber security solutions in the IT & telecom sector.

The IT & telecom cyber security market is expected to continue its growth trajectory post-pandemic and continue over the forecast period. The growth in remote working boosted the BYOD trend, which led to an increase in the number of personal endpoint devices across enterprises. These devices were often connected to private unsecured networks, thereby increasing the risk of cyber-attacks. With the increasing adoption of the hybrid working model, several enterprises are shifting their workload over to the cloud, which is expected to create loopholes throughout the network. This increases the exposure to vulnerabilities, subsequently fueling the adoption of cyber security solutions.

The emergence of 5G is anticipated to improve the interaction and communication between machines and humans significantly. As such 5G is considered a game changer owing to the paradigm shift it is expected to bring to the telecom industry. 5G networks are software-defined networks, which comprise multiple routing points compared to 4G networks. However, the presence of these multiple routing points creates several unregulated entry points for the hackers and provides them access to cellular reception, thereby leading to data breaches.

Several cyber security vendors are integrating technologies such as artificial intelligence and machine learning into security solutions to automate IT security for organizations. With the evolving threat landscape, such advanced solutions facilitate automated threat remediation and detection, thereby mitigating the risk of cyber-attacks. Automation of security solutions provides organizations with real-time threat identification and monitoring and helps them analyze the filtered breach information resulting in faster detection and remediation of threats. Further, several IT & telecom companies such as AT&T, Telefonaktiebolaget LM Ericsson, and others are entering the cyber security market with more innovative and specialized solutions for the telecom sector, which is expected to contribute to market growth.

Regional Insights

North America held the highest market share of more than 30% of the overall market in 2021. The growth is attributed to the increased cyber security spending and early availability of technology and adoption. IT & telecom companies are responsible for storing and transmitting a large volume of consumer and government data. As such, several governments have released data protection laws, to safeguard national and consumer data, which is expected to increase the adoption of cyber security solutions in the region.

 Global IT & telecom cyber security market share, by region, 2021 (%)

The Asia Pacific is anticipated to exhibit the highest growth rate of over 15% over the forecast period. The development of IT & telecom infrastructure, an increasing number of data centers, and the proliferation of IoT devices are expected to contribute to market growth. Further, the region possesses a large number of endpoint devices owing to the massive working population in the region. As such, a high number of endpoint devices connected over private unsecured networks is expected to increase the risk of cyber-attacks, which bodes well for market growth in the region.

Key Companies & Market Share Insights

The key market players in the global market in 2021 include Palo Alto Networks, Inc., Broadcom, Inc., Crowdstrike, and others. Companies are also adopting inorganic growth strategies by engaging in partnerships, acquiring smaller players to leverage their technology, and reducing competitors in the market. Additionally, IT & telecom companies are entering the cyber security market by introducing innovative and specialized solutions and by acquiring smaller firms. For instance, two security firms, RiskIQ and Cloud Knox Security were acquired by Microsoft Corporation to strengthen the security of its Azure cloud service. Some prominent players in the global IT & telecom cyber security market include:

  • Cisco Systems, Inc.

  • Palo Alto Networks, Inc.

  • McAfee, Inc.

  • Broadcom

  • AO Kaspersky Lab

  • CrowdStrike

  • Check Point Software Technology Ltd.

IT & Telecom Cyber Security Market Report Scope

Report Attribute


Market size value in 2022

USD 33.03 billion

Revenue forecast in 2030

USD 82.64 billion

Growth rate

CAGR of 12.1% from 2022 to 2030

Base year for estimation


Historical data

2018 - 2020

Forecast period

2022 - 2030

Quantitative units

Revenue in USD Million and CAGR from 2022 to 2030

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered


Regional scope

North America; Europe; Asia Pacific; Latin America; MEA

Country scope

U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico

Key companies profiled

Broadcom; Cisco Systems, Inc.; Check Point Software Technology Ltd.; IBM; AO Kaspersky Lab; Palo Alto Networks, Inc.

Customization scope

Free report customization (equivalent to up to 8 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options.


Global IT & Telecom Cyber Security Market Segmentation

The report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018-2030. For this study, Grand View Research has segmented the global IT & telecom cyber security market report based on region.

  • Region Outlook (Revenue, USD Million, 2018 - 2030)

    • North America

      • U.S.

      • Canada

    • Europe

      • U.K.

      • Germany

      • Rest of Europe

    • Asia Pacific

      • China

      • India

      • Japan

      • Rest of Asia Pacific

    • Latin America

      • Brazil

      • Mexico

      • Rest of Latin America

    • Middle East & Africa

Frequently Asked Questions About This Report

gvr icn


gvr icn

This FREE sample includes data points, ranging from trend analyses to estimates and forecasts. See for yourself.

gvr icn


We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities. Contact us now

Certified Icon

We are GDPR and CCPA compliant! Your transaction & personal information is safe and secure. For more details, please read our privacy policy.