UK Cyber Security Market Size & Outlook, 2023-2030
UK cyber security market, 2018-2030 (US$M)
Related Markets
UK cyber security market highlights
- The UK cyber security market generated a revenue of USD 13,142.9 million in 2023 and is expected to reach USD 28,636.4 million by 2030.
- The UK market is expected to grow at a CAGR of 11.8% 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 13,142.9 million |
| Market revenue in 2030 | USD 28,636.4 million |
| Growth rate | 11.8% (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, UK accounted for 5.9% 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 |
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UK 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 58.92% in 2023. Horizon Databook has segmented the UK cyber security market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for cyber security solutions and infrastructure is rapidly growing in the U.K. owing to the fast-paced adoption of digital technologies and connected devices and the use of endpoint devices connected to large organizational networks.
The recent trends, including remote work and hybrid work scenarios, have also significantly boosted the adoption of advanced security solutions among organizations to safeguard organizational networks, devices, and servers.
In the U.K., the National Cyber Security Center (NCSC), a part of the Government Communications Headquarters (GCHQ), has been heading the nation’s cyber security mission since 2016. The NCSC helps safeguard critical services in the U.K. from cyberattacks, strengthening the underlying security of the internet by leveraging the latest technologies.
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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 UK cyber security market , including forecasts for subscribers. This country databook contains high-level insights into UK cyber security market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK cyber security market size, by component, 2018-2030 (US$M)
UK Cyber Security Market Outlook Share, 2023 & 2030 (US$M)
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