Italy Cyber Security Market Size & Outlook, 2023-2030
Italy cyber security market, 2018-2030 (US$M)
Related Markets
Italy cyber security market highlights
- The Italy cyber security market generated a revenue of USD 7,030.8 million in 2023 and is expected to reach USD 17,008.7 million by 2030.
- The Italy market is expected to grow at a CAGR of 13.5% from 2024 to 2030.
- In terms of segment, services was the largest revenue generating component in 2023.
- Hardware 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 7,030.8 million |
| Market revenue in 2030 | USD 17,008.7 million |
| Growth rate | 13.5% (CAGR from 2023 to 2030) |
| Largest segment | Services |
| Fastest growing segment | Hardware |
| 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, Italy accounted for 3.2% 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 Europe, UK cyber security market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 24,612.8 million by 2030.
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Cyber Security Market Scope
Cyber Security Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Italy 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 57.57% in 2023. Horizon Databook has segmented the Italy cyber security market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for advanced security solutions is rapidly rising in the country owing to the intensifying cyber threats in the healthcare, government, manufacturing, and education sectors. The rise in hybrid and remote work scenarios is leading to significant attacks on PCs and endpoint devices as cybercriminals focus on finding the weakest links in the chain.
Furthermore, small firms in the country perceive security as a cost instead of an investment, which shows resistance to allocating IT security expenditures. Thus, this is among the leading factors behind rising cyberattacks in the country’s SME sector.
For instance, in October 2023, Cyber Monks, a Managed Security Service Distributor (MSSD) based in Italy, announced a partnership with Mastercard to introduce Cyber Marketplace, an innovative risk management and cybersecurity solution designed to simplify the acquisition of cybersecurity solutions and services among SMEs.
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Our clientele includes a mix of cyber security market companies, investment firms, advisory firms & academic institutions.
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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 Italy cyber security market , including forecasts for subscribers. This country databook contains high-level insights into Italy cyber security market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy cyber security market size, by component, 2018-2030 (US$M)
Italy Cyber Security Market Outlook Share, 2023 & 2030 (US$M)
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