Cybersecurity Risk Management Industry Outlook: Rising Demand Driven by Escalating Threats, Compliance Needs, and Data/IP Protection by 2035

Industry Snapshots:

• The market size of the global cybersecurity risk management market is projected to reach USD 34.2 billion by 2035, boosting CAGR 13.4% during the forecast period.

• The corporate vulnerability is raised ransomware and phishing cyber-attacks and which make cybersecurity risk management essential for maintaining business continuity. These threats are adapting sectors for real-time risk analytics and compliance monitoring to safeguard critical infrastructure such as BFSI, healthcare, and manufacturing. The advancement of technologies as advanced AI-based threat detection and Zero-Trust frameworks which are capable of ensuring adaptive protection across cloud networks.  The several governments are reinforcing efforts to provide initiatives such as the U.S. National Cybersecurity Strategy in 2023 and the EU Cyber Resilience Act in 2024, which help to drive global implementation towards protecting digital assets. The Federal Bureau of Investigation (FBI) reported a total of 333,981 complaints of cyber-enabled fraud, and this incident shows USD 13.7 billion in losses in 2024. This helps to underscore the urgency for stronger defences, and such factors are accelerating the adoption of cybersecurity risk-management solutions across the globe.

• In December 2024, The Tata Consultancy Services (TCS) introduced its “2025 Cybersecurity Outlook,” which showcases next-generation innovations such as GenAI-powered threat detection which able to advanced cloud-security frameworks and integrated supply-chain resilience tools designed to strengthen global cybersecurity risk management practices.

Growth Catalysts:

Rising sophistication of ransomware and extortion attacks: It’s played a vital role in driving the global demand for cybersecurity risk management solutions. The attackers now use AI-generated phishing and double-extortion tactics due to the organisations are investing heavily in advanced risk detection and incident response systems to prevent operational disruption. This shift is prompting industries to adopt proactive defence models, such as Zero-Trust, and real-time risk quantification. According to the U.S. Federal Bureau of Investigation (FBI), the ransomware has recorded 3,156 complaints and losses exceeding USD 12.47 million in 2024. This highlights the urgent need for stronger cyber resilience and the alarming rise has prompted governments worldwide to enforce stricter cybersecurity regulations. This funding programs to accelerate the adoption of comprehensive risk management frameworks across global industries.

Regulatory enforcement and rising corporate accountability: The expanding global compliance mandates which are compelling organisations to strengthen digital governance and transparency across operations. These regulators emphasise timely breach disclosure and continuous monitoring which helps to companies integrate automated compliance and risk analytics to align with evolving standards. This trend is encouraging executives to invest in unified frameworks that translate cyber threats into measurable financial outcomes. According to the European Union Agency for Cybersecurity (ENISA), a total of 11,079 cybersecurity incidents, which primarily have DDOS and Ransomware attacks, almost 322 incidents specifically targeted two or more EU member states recorded in 2024. It helps to upgrade their compliance infrastructure under the NIS2 Directive, which helps to foster global trust to improve accountability and accelerate cybersecurity market expansion worldwide.

Industry Innovations:

Vulnerability Management Chaining Framework:  This framework combines predictive threat modelling which exploits evidence and impact scoring to create an automated prioritisation system that focuses on the most critical vulnerabilities. It sustains security through real-time analytics and AI-driven remediation tracking which helps to minimise false alerts and human intervention. According to the U.S. Cybersecurity and Infrastructure Security Agency (CISA) in 2024, the remediation of over   861 vulnerabilities and 1.26 billion malicious connections were blocked in federal agencies through the Disclosure Platform (VDP) program. This innovation enhances proactive defence strategies which is boosting the cybersecurity risk management market by promoting predictive and automated protection frameworks globally.

AI-Driven Insider Risk Management (IRM) Systems:  The innovation operates by using behavioural analytics and neural network algorithms to detect abnormal user actions which reducing insider threats in real time. It maintains security by continuously learning from user patterns and minimising false positives and automating alerts for high-risk behaviour. According to Singapore’s Cyber Security Agency (CSA) in 2023, almost 70% of critical information infrastructure operators implemented enhanced threat monitoring and response tools which strengthened the detection and mitigation of insider threats. This advancement enhances predictive monitoring which helps to strengthen organisational trust and boosts the global cybersecurity risk management market through intelligent and adaptive risk detection helps to faster incident response.

Potential Opportunities:

Automated Supply-Chain Cyber Risk Orchestration Platforms:   This platform has immense features and potential due to cyberattacks increasingly targeting third-party ecosystems which have a need for enhanced intelligent and automated supply-chain protection.  The Building on Australia’s Department of Home Affairs' “Six Cyber Shields” Strategy in 2025, which has planned the next advancement, lies in developing AI-based orchestration platforms that continuously map, assess, and mitigate supplier vulnerabilities in real time. These systems will move beyond static vendor audits to deliver a dynamic system capable of predictive risk in defence. It helps to enhance transparency and ecosystem coordination, and this innovation will create large-scale future opportunities in global cybersecurity risk management.

Quantum-Resilient Identity & Access Ecosystems: The evolution of quantum computing, which has current encryption methods face potential obsolescence and urges to shift toward post-quantum security frameworks. According to the U.K. National Cyber Security Centre (NCSC, 2025), Almost less than 50% of organisations are prepared for quantum-related cyber risks. Developing AI-integrated, quantum-resilient identity and access ecosystems with zero-trust principles can safeguard national infrastructure. These advancements will open new avenues for cybersecurity firms to lead the next generation of secure digital identity systems, which are created to foster massive market potential in future risk management frameworks.

Recent Industry Updates:

• June 2025: Noma Security was named in the “Rising in Cyber 2025” list for its AI security and governance platform that enables enterprises to rapidly build and deploy AI safely at scale.

• May 2024: Trend Micro Incorporated released new AI-driven cyber-risk-management capabilities in its flagship platform, which is enabling continuous discovery and reducing risk assessment and remediation across 10+ security categories.

• April 2025:   The checkpoint Software Technologies has announced its Infinity Platform was ranked 1 in an independent test for AI-powered cyber defence and Zero-Trust implementation, and hybrid network protection.

• February 2025: SB Technology Corp. began selling the “XM Cyber” cloud-based exposure-management platform for continuous threat-exposure management (CTEM) across hybrid environments.

• January 2025: The Mimecast achieved ISO 42001 and its becoming the first cybersecurity company certified to manage AI risks and opportunities across its human-risk platform

Industry Outlook Scope:

By Component

• Solution

        o Unified Threat Management (UTM)

        o Intrusion Detection System/Intrusion Prevention System (IDS/IPS)

        o Data Loss Prevention (DLP)

        o Identity and Access Management (IAM)

        o Security Information and Event Management (SIEM)

        o DDoS

        o Risk and Compliance Management

        o Others

• Service

        o Professional Services

        o Managed Services

By Security

• Endpoint security

• Cloud Security

• Network Security

• Application Security

• Infrastructure Protection

• Others

By Deployment Mode

• Cloud-Based

• On-premises

By Organisation Size

• Large Enterprises

• Small and Medium Enterprises (SMEs)

By End Use Industry

• IT and Telecommunications

• Retail and E-Commerce

• BFSI

• Healthcare

• Government & Public Infrastructure

• Defence and aerospace

• Manufacturing

• Energy and Utilities

• Automotive

• Marine

• Transportation and Logistics

• Others

Category Insights:

By Security

Network Security holds the largest market share: The segment holds the largest market share because it forms the fundamental defence layer protecting interconnected systems from growing cyberattacks. The organisations expand remote operations in IoT networks and cloud infrastructures which has intensified demand for continuous monitoring and real-time threat prevention. This has led to widespread adoption of advanced firewalls, intrusion detection systems, and zero-trust frameworks to secure data traffic. According to the Data Security Council of India (DSCI) has reported, India has recorded 369.01 million malware detections across the installation base of 8.44 million endpoints for data protection collaboration with Seqrite in 2024. This rising network security threat is driving enterprises to invest heavily in network security solutions and accelerating market growth by creating demand for advanced, scalable, and integrated cybersecurity offerings.

Cloud Security shows fastest growth: This segment shows the fastest growth due to the widespread migration to cloud-based infrastructures has made data protection and secure access a top priority for organisations. As enterprises adopt hybrid and multi-cloud systems and vulnerabilities in virtual environments are becoming more frequent and complex. This trend is driving the rapid deployment of cloud workload protection platforms and identity-based access solutions. According to the Cyber Security Agency of Singapore (CSA, 2025), the number of infected systems in Singapore climbed to approximately 117,000 in 2024, representing a 67 % increase from 2023 from the previous year. This segment surge in threats highlights the critical need for cloud security solutions, which is encouraging global enterprises to adopt advanced protection measures to drive the growth of the cloud security market worldwide.

By End Use Industry

BFSI holds the highest market share:  This segment dominates the market because financial institutions are primary targets for cyberattacks due to the high value of transactional and personal data. The sector continuously invests in multi-layered protection systems, which encryption and regulatory compliance frameworks such as ISO/IEC 27001. The expansion of digital banking, fintech integration, and real-time payment platforms has increased security needs. According to the Reserve Bank of India (RBI) Annual Report 2024‑25, the value of fraud cases in the banking sector nearly tripled to ₹ 36,014 crore in FY 25, which is driving massive adoption of advanced cybersecurity risk management solutions across BFSI globally.

Healthcare shows rapid growth: It shows the fastest growth in hospitals and healthcare providers which helps to increasingly digitising patient records and adopting telemedicine platforms which expanding their cyber exposure. The demand for securing sensitive health data and ensuring HIPAA and GDPR compliance has surged. AI-based threat detection and blockchain-integrated record systems are gaining traction for safeguarding medical data. According to Japan’s Ministry of Health, Labour and Welfare (MHLW) in 2025, it is requiring all medical facilities to implement the national Cyber-Security Measures Checklist by March 2025 to strengthen healthcare cybersecurity. It's driving hospitals and healthcare providers to rapidly adopt advanced cybersecurity solutions, which is fueling fast growth in the healthcare cybersecurity segment.

Regional Dynamics:

North America holds the highest market share: It holds the largest market share due to the region's concentration of a vast network of digital enterprises and critical sectors that rely heavily on cybersecurity defence systems. This dominance is strengthened by strong compliance frameworks such as the U.S. Cybersecurity Maturity Model Certification (CMMC), which enforces strict data protection standards. The continuous growth in ransomware attacks has further pushed companies to enhance detection and response systems. According to Canada’s Communications Security Establishment (CSE, 2025), According to Communications Security Establishment Canada (CSE, 2025), its Canadian Centre for Cyber Security responded to 2,561 cybersecurity incidents affecting federal institutions and critical infrastructure in 2024‑25. This helps to reinforce North America’s position as a global hub for cybersecurity investments and innovation.

Asia Pacific shows fastest growth: The region experiences rapid digital widespread expansion of cloud technologies and increased deployment of 5G networks which all of have widened the cyber threat landscape.  The governments are enhancing national cybersecurity measures, such as Australia’s Privacy Act amendments in 2024, these acts enforce stricter protection of sensitive data.  This includes several industries such as BFSI, e-commerce, and manufacturing, which are adopting AI-driven security solutions to proactively manage risks. According to New Zealand’s National Cyber Security Centre (NCSC) in 2024, According to National Cyber Security Centre (NCSC), 343 cybersecurity incidents of “potential national significance” were recorded in 2023/24, up from 316 the previous year, highlighting the rising demand for cybersecurity risk‑management solutions across the region.

Industry Competition:

• Fortinet, Inc.

• IBM Corporation

• Microsoft

• BAE Systems Plc

• Broadcom, Inc.

• Centrify Corporation

• Check Point Software Technology Ltd.

• Palo Alto Networks, Inc.

• Proofpoint, Inc.

• Sophos Ltd.

What to Expect from Outlook:

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