Mexico Cyber Security Market Size & Outlook, 2023-2030
Mexico cyber security market, 2018-2030 (US$M)
Related Markets
Mexico cyber security market highlights
- The Mexico cyber security market generated a revenue of USD 7,251.4 million in 2023 and is expected to reach USD 19,268.8 million by 2030.
- The Mexico market is expected to grow at a CAGR of 15% 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 7,251.4 million |
| Market revenue in 2030 | USD 19,268.8 million |
| Growth rate | 15% (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, Mexico accounted for 3.3% 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 Latin America, Brazil cyber security market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 19,268.8 million by 2030.
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Cyber Security Market Scope
Cyber Security Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico 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 57.72% in 2023. Horizon Databook has segmented the Mexico cyber security market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
Businesses in Mexico deal with a large volume of data processing, primarily international data transfers, including personal data related to health, financial information, and other personal details. The demand for such data holds a significant importance among cybercriminals, which has turned the country into an attractive target destination for sophisticated cybercriminals.
According to the American Chamber, among the total number of cyberattacks that took place in Latin America during 2021 and 2022, more than 66% were targeted primarily in Mexico, which caused a loss of around USD 3 billion to 5 billion per year.
During the first half of 2022, 85 billion cyberattacks took place in the country, an increase of more than 40% than that recorded in 2021. The rising presence of cyber attackers is driving the attention of major cyber security solution providers, government bodies, and associations towards the country, which is expected to drive market growth over the forecast period.
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Our clientele includes a mix of cyber security market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico cyber security market , including forecasts for subscribers. This country databook contains high-level insights into Mexico cyber security market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico cyber security market size, by component, 2018-2030 (US$M)
Mexico Cyber Security Market Outlook Share, 2023 & 2030 (US$M)
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