Next-generation Cybersecurity Market is expected to grow at a CAGR of 19.72% through 2030F
The
Global Next-generation Cybersecurity Market is to be led by the BFSI sector,
driven by stringent regulatory compliance, rising digital banking adoption, and
escalating cyber threats targeting financial systems and customer data, during the
forecast period 2026-2030F
According to TechSci Research report, “Next-generation Cybersecurity
Market - Global Industry Size, Share, Trends, Competition Forecast &
Opportunities, 2030F, The Global Next-generation Cybersecurity Market was
valued at USD 21.24 Billion in 2024 and is expected to reach USD 62.54 Billion
by 2030 with a CAGR of 19.72% through 2030.
The widespread adoption of cloud computing and the
normalization of remote work have created significant cybersecurity challenges,
fueling demand for next-generation solutions. Enterprises are increasingly
migrating workloads to cloud platforms for scalability and cost efficiency, but
this exposes them to misconfigurations, unauthorized access, and data leaks.
Similarly, hybrid and remote workforce models have expanded the number of
endpoints outside traditional corporate perimeters, making them attractive targets
for attackers. Traditional network-centric defenses are insufficient in these
scenarios, creating a strong need for next-generation cybersecurity tools such
as cloud-native security platforms, secure access service edge (SASE), and
endpoint detection and response systems.
The surge in collaboration technologies, virtual
private networks, and edge computing further complicates the security
landscape. Organizations must ensure that employees, regardless of their
location, can securely access company systems without exposing sensitive
information. Next-generation solutions equipped with zero-trust frameworks and
identity-based authentication models are designed to address these challenges.
The adoption of such technologies not only strengthens protection but also
supports productivity by ensuring seamless and secure access to corporate
resources. As businesses embrace distributed work models permanently, the role
of cybersecurity infrastructure in enabling secure digital workplaces will
remain a powerful growth driver. Microsoft revealed that identity-based
cyberattacks grew by over 300 percent in 2023, largely driven by the shift to
cloud environments and remote work setups. This surge in credential theft and
unauthorized access underscores the urgent requirement for next-generation
solutions such as zero-trust frameworks, SASE, and endpoint detection to
protect distributed workforces.
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In
2024, the IT & Telecom segment emerged as the fastest-growing end user in
the Global Next-generation Cybersecurity Market, driven by the rapid expansion
of digital networks, 5G infrastructure, and large-scale cloud adoption. As IT
and telecom companies serve as the backbone of digital connectivity, they are
frequent targets for cybercriminals seeking to exploit vulnerabilities in
communication networks, data centers, and cloud platforms. The growing
sophistication of threats such as Distributed Denial of Service attacks,
ransomware, and advanced persistent threats has compelled IT and telecom
enterprises to significantly increase investment in next-generation
cybersecurity solutions.
The
shift toward virtualization, edge computing, and software-defined networking
has increased the complexity of infrastructure, requiring enhanced security
measures that go beyond traditional approaches. Telecom operators are also
under pressure to protect customer data, ensure service continuity, and comply
with stringent regulatory requirements across multiple jurisdictions. By
integrating artificial intelligence, machine learning, and zero-trust
frameworks, IT and telecom providers are strengthening defenses against
evolving risks. With the rollout of 5G and massive Internet of Things
connectivity, this segment will continue to drive strong demand for adaptive,
automated, and resilient cybersecurity solutions, sustaining its dominance in
market growth.
In
2024, the Asia Pacific region emerged as the fastest-growing market in the
Global Next-generation Cybersecurity Market, fueled by rapid digital
transformation, expanding internet penetration, and the increasing adoption of
cloud-based technologies across industries. Countries such as China, India,
Japan, and South Korea are investing heavily in advanced cybersecurity
frameworks to address rising cyberattacks and data breaches targeting
enterprises and government organizations. The region’s growing base of small
and medium-sized enterprises is also adopting next-generation solutions to
secure sensitive data and ensure compliance with evolving regulations. With
strong government initiatives promoting digital security and rising demand for
artificial intelligence-driven defense systems, Asia Pacific is poised to
maintain its rapid growth trajectory in the coming years.
Key
market players in the Next-generation Cybersecurity Market are: -
- Palo
Alto Networks, Inc.
- CrowdStrike
Holdings, Inc.
- Fortinet,
Inc.
- Check
Point Software Technologies Ltd.
- Zscaler,
Inc.
- SentinelOne,
Inc.
- IBM
Corporation
- Cisco
Systems, Inc.
- Okta,
Inc.
- Darktrace
Ltd.
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“The
Global Next-generation Cybersecurity Market will grow significantly in the
future as organizations worldwide accelerate digital transformation and
confront increasingly sophisticated cyber threats. The adoption of artificial
intelligence, machine learning, and zero-trust architectures will reshape
defense mechanisms, ensuring proactive threat detection and automated response.
Expanding cloud computing, remote workforces, and Internet of Things ecosystems
will further fuel demand for advanced security frameworks. Stricter regulatory
compliance across industries, coupled with rising cyberattacks on critical
infrastructure, will push enterprises and governments to invest heavily in
next-generation cybersecurity solutions. This continuous innovation and
adoption will drive robust market expansion globally.” said Mr. Karan Chechi,
Research Director of TechSci Research, a research-based global management
consulting firm.
“Next-generation
Cybersecurity Market – Global Industry Size, Share, Trends, Opportunity, and
Forecast, Segmented By Offering (Solutions, Services), By Security Type
(Network Security, Endpoint Security, Cloud Security, Application Security,
Data Security, Others), By End User (BFSI, Healthcare, Government &
Defense, Retail & E-commerce, IT & Telecom, Energy & Utilities,
Manufacturing, Others), By Region, By Competition, 2020-2030F” has evaluated the future growth
potential of Next-generation Cybersecurity Market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Next-generation Cybersecurity Market.
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