Australia Cyber Security Market Size & Outlook, 2023-2030
Australia cyber security market, 2018-2030 (US$M)
Related Markets
Australia cyber security market highlights
- The Australia cyber security market generated a revenue of USD 5,526.0 million in 2023 and is expected to reach USD 13,039.5 million by 2030.
- The Australia market is expected to grow at a CAGR of 13% from 2024 to 2030.
- In terms of segment, services was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
Cyber security market data book summary
| Market revenue in 2023 | USD 5,526.0 million |
| Market revenue in 2030 | USD 13,039.5 million |
| Growth rate | 13% (CAGR from 2023 to 2030) |
| Largest segment | Services |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Services |
| Key market players worldwide | BAE 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, Australia accounted for 2.5% of the global cyber security market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China 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 25,868.0 million by 2030.
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Cyber Security Market Scope
Cyber Security Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Australia 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.
Services was the largest segment with a revenue share of 50.59% in 2023. Horizon Databook has segmented the Australia cyber security market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
The internet is a critical part of Australian businesses and the social lives of residents. Digital information and electronic systems are gaining rapid attraction in the country. Most Australians prefer using the web to pay bills, buy and sell goods and services, access banking facilities, and stay connected with peers and families.
While digital technologies offer significant advantages and flexibility, they also present enormous threats and exposure to malicious cyber threats. Government, security associations, and private players in the market are constantly exploring new measures, policies, and solutions to safeguard the security positioning of residents and organizations in the country.
For instance, in November 2023, the government of Australia introduced the Australian Cyber Security Strategy to enhance cyber security capability, better manage cyber risks, and support Australian businesses and citizens in managing the cyber ecosystem around them.
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Our clientele includes a mix of cyber security market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia cyber security market , including forecasts for subscribers. This country databook contains high-level insights into Australia cyber security market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia cyber security market size, by component, 2018-2030 (US$M)
Australia Cyber Security Market Outlook Share, 2023 & 2030 (US$M)
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