UK Cybersecurity Market Growth, Size, Trends, Share, Demand, Revenue and Future Outlook
UK Cybersecurity Market Size- By Offering, By Deployment, By End User, By Organization Size- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Apr-2024 | Report ID: IACT2465 | Pages: 1 - 105 | Formats*: |
| Category : Information & Communications Technology | |||
UK Cybersecurity Market Introduction and Overview
According to SPER Market Research, the UK Cybersecurity Market is estimated to reach USD 37.27 Billion by 2033 with a CAGR of 10.5%.
The report includes an in-depth analysis of the UK Cybersecurity Market, including market size and trends, product mix, applications, and supplier analysis. Cybersecurity solutions assist a company in keeping an eye out for, identifying, reporting, and thwarting online attempts to compromise data confidentiality by damaging or disrupting information systems and gaining access to sensitive data through phishing, malware, and spyware.
- February 2023: In order to deepen their cybersecurity cooperation, Jordan and the UK inked a memorandum of agreement. The British ambassador to Jordan, Bridget Brind, and Bassam Maharmeh, the director of Jordan's National Centre for Cyber Security, signed the agreement. The agreement, according to the NCSC, demonstrates the countries' commitment to preserving the economic, social, and security advantages of using a free and open cyberspace.
- January 2023: In order to provide clients with state-of-the-art solutions, Chorus and TD SYNNEX established a cyber security collaboration. The collaboration is essential to Chorus's ultimate goal of supporting clients and partners by establishing a Cyber Security Operation Centre in the UK that will make use of Microsoft Sentinel's advanced capabilities 24/7/365.
Market Opportunities and Challenges
The cybersecurity market in UK is overflowing with opportunities. The nation's defensive capabilities have been strengthened as a result of its response to the growing number of cyberattacks. Furthermore, the growth of cybersecurity solutions and services has been fueled by the increased need for digitization and scalable IT infrastructure as well as the need to manage the risks associated with using third-party providers. This growth is also facilitated by the adoption of a cloud-first strategy. In the middle of the rollout of 5G and fibre internet networks, government and telecom companies are working together to raise security standards in the UK telecom industry. In addition, the growing number of IoT devices—especially those used in smart city projects—increases susceptibility to various cyberthreats; this pattern is anticipated to continue throughout the projection period.
The cybersecurity sector in the UK faces a number of challenges. One significant issue is the lack of skilled cybersecurity experts, which makes it difficult for enterprises to strengthen their defences. Furthermore, implementing robust cybersecurity measures is expensive, which is especially difficult for small and medium-sized businesses (SMEs) with tight resources. Cybersecurity solution implementation and management can be challenging, particularly for organisations with limited IT resources and experience. Some businesses put off investing in cybersecurity until they encounter a cyber incident, which reflects a lack of understanding of the significance of this field. Furthermore, the ever-changing environment of threats demands that security procedures and technologies be updated on a regular basis. Because of its vulnerability to cyber-attacks, the BFSI sector struggles to reconcile innovation and strong cybersecurity. It also faces integration issues.
Market Competitive Landscape
The UK cybersecurity industry is quite fragmented, with a few large companies that have strengthened their positions in the market by a variety of growth tactics, including joint ventures, partnerships, expansions, mergers and acquisitions, and the introduction of new products. The major key players in the UK Cybersecurity Market are: BAE Systems Inc., Broadcom Limited, Cisco Systems Inc., Dell Technologies Inc., Fortinet Inc., IBM Corporation, Intel Security (Intel Corporation), Mcafee, LLC, Palo Alto Networks, Trend Micro Incorporated (UK), Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Offering, By Deployment, By End User, By Organization Size |
| Regions covered | Eastern Region, Northern Region, Southern Region, Western Region |
| Companies Covered | BAE Systems Inc, Broadcom Limited, Cisco Systems Inc, Dell Technologies Inc., Fortinet Inc, IBM Corporation, Intel Security (Intel Corporation), Mcafee, LLC, Palo Alto Networks, Trend Micro Incorporated (UK), Others |
COVID-19 Impact on UK Cybersecurity Market
The UK cybersecurity market has suffered greatly as a result of the COVID-19 pandemic. Cyber risks have escalated due to the quick transition to remote work and our growing reliance on digital technologies. Data breaches, ransomware, and phishing assaults posed increased threats to organisations. As a result, there has been an increase in the need for cybersecurity solutions to safeguard infrastructure and sensitive data. Investments in cybersecurity solutions are being driven by the increasing requirement to secure cloud environments, remote access, and collaborative technologies in order to counteract the constantly changing threat landscape.
Key Target Audience:
- Enterprises
- Government Agencies
- Financial Institutions
- Healthcare Providers
- Educational Institutions
- Others
Our in-depth analysis of the UK Cybersecurity Market includes the following segments:
| By Offering: |
|
| By Deployment: |
|
| By End User: |
|
| By Organization Size: |
|
Key Topics Covered in the Report:
- UK Cybersecurity Market Size (FY’2024-FY’2033)
- Overview of UK Cybersecurity Market
- Segmentation of UK Cybersecurity Market By Offering (Security Type, Services)
- Segmentation of UK Cybersecurity Market By Deployment (Cloud, On-premise)
- Segmentation of UK Cybersecurity Market By End User (BFSI, Government & Defense, Healthcare, IT and Telecommunication, Manufacturing, Other End Users)
- Segmentation of UK Cybersecurity Market By Organization Size (Large Enterprises, Medium Enterprises, Small Enterprises)
- Statistical Snap of UK Cybersecurity Market
- Expansion Analysis of UK Cybersecurity Market
- Problems and Obstacles in UK Cybersecurity Market
- Competitive Landscape in the UK Cybersecurity Market
- Impact of COVID-19 and Demonetization on UK Cybersecurity Market
- Details on Current Investment in UK Cybersecurity Market
- Competitive Analysis of UK Cybersecurity Market
- Prominent Players in the UK Cybersecurity Market
- SWOT Analysis of UK Cybersecurity Market
- UK Cybersecurity Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the UK Cybersecurity Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. UK Cybersecurity Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in UK Cybersecurity Market
7. UK Cybersecurity Market, By Offering (USD Million)
7.1. UK Cybersecurity Market Value Share and Forecast, By Offering, 2024-20337.2. Security Type7.2.1. Cloud Security7.2.2. Consumer Security7.2.3. Data Security7.2.4. Identity Access Management7.2.5. Infrastructure Protection7.2.6. Network Security7.2.7. Other Types7.3. Services
8. UK Cybersecurity Market, By Deployment (USD Million)
8.1. UK Cybersecurity Market Value Share and Forecast, By Deployment, 2024-20338.2. Cloud8.3. On-premise
9. UK Cybersecurity Market, By End User (USD Million)
9.1. UK Cybersecurity Market Value Share and Forecast, By End User, 2024-20339.2. BFSI9.3. Government & Defense9.4. Healthcare9.5. IT and Telecommunication9.6. Manufacturing9.7. Other End Users
10. UK Cybersecurity Market, By Organization Size (USD Million)
10.1. UK Cybersecurity Market Value Share and Forecast, By Organization Size, 2024-203310.2. Large Enterprises10.3. Medium Enterprises10.4. Small Enterprises
11. UK Cybersecurity Market Forecast, 2020-2033 (USD Million)
11.1. UK Cybersecurity Market Size and Market Share
12. UK Cybersecurity Market, By Offering, 2020-2033 (USD Million)
12.1. UK Cybersecurity Market Size and Market Share By Offering (2020-2026)12.2. UK Cybersecurity Market Size and Market Share By Offering (2027-2033)
13. UK Cybersecurity Market, By Deployment, 2020-2033 (USD Million)
13.1. UK Cybersecurity Market Size and Market Share By Deployment (2020-2026)13.2. UK Cybersecurity Market Size and Market Share By Deployment (2027-2033)
14. UK Cybersecurity Market, By End User, 2020-2033 (USD Million)
14.1. UK Cybersecurity Market Size and Market Share By End User (2020-2026)14.2. UK Cybersecurity Market Size and Market Share By End User (2027-2033)
15. UK Cybersecurity Market, By Organization Size, 2020-2033 (USD Million)
15.1. UK Cybersecurity Market Size and Market Share By Organization Size (2020-2026)15.2. UK Cybersecurity Market Size and Market Share By Organization Size (2027-2033)
16. UK Cybersecurity Market, By Region, 2020-2033 (USD Million)
16.1. UK Cybersecurity Market Size and Market Share By Region (2020-2026)16.2. UK Cybersecurity Market Size and Market Share By Region (2027-2033)16.3. Eastern Region16.4. Northern Region16.5. Southern Region16.6. Western Region
17. Company Profile
17.1. BAE Systems Inc17.1.1. Company details17.1.2. Financial outlook17.1.3. Product summary17.1.4. Recent developments17.2. Broadcom Limited17.2.1. Company details17.2.2. Financial outlook17.2.3. Product summary17.2.4. Recent developments17.3. Cisco Systems Inc17.3.1. Company details17.3.2. Financial outlook17.3.3. Product summary17.3.4. Recent developments17.4. Dell Technologies Inc17.4.1. Company details17.4.2. Financial outlook17.4.3. Product summary17.4.4. Recent developments17.5. Fortinet Inc17.5.1. Company details17.5.2. Financial outlook17.5.3. Product summary17.5.4. Recent developments17.6. IBM Corporation17.6.1. Company details17.6.2. Financial outlook17.6.3. Product summary17.6.4. Recent developments17.7. Intel Security (Intel Corporation)17.7.1. Company details17.7.2. Financial outlook17.7.3. Product summary17.7.4. Recent developments17.8. Mcafee, LLC17.8.1. Company details17.8.2. Financial outlook17.8.3. Product summary17.8.4. Recent developments17.9. Palo Alto Networks17.9.1. Company details17.9.2. Financial outlook17.9.3. Product summary17.9.4. Recent developments17.10. Trend Micro Incorporated (UK)17.10.1. Company details17.10.2. Financial outlook17.10.3. Product summary17.10.4. Recent developments17.11. Others
18. List of Abbreviations
19. Reference Links
20. Conclusion
21. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
UK Cybersecurity Market is projected to reach USD 37.27 billion by 2033, growing at a CAGR of 10.5% during the forecast period.
UK Cybersecurity Market size from 2022. The Market is expected to reach USD 37.27 billion by 2033, at a CAGR of 10.5% during the forecast period.
UK Cybersecurity Market CAGR of 10.5% during the forecast period.
You can get the sample pages by clicking the link - Click Here
UK Cybersecurity Market size is 37.27 billion from 2024 to 2033.
UK Cybersecurity Market Segment is covered By Offering, By Deployment, By End User, By Organization Size.
The Europe anticipated to have the highest market share in the UK Cybersecurity Market.
The key players in the market include Companies Covered BAE Systems Inc, Broadcom Limited, Cisco Systems Inc, Dell Technologies Inc., Fortinet Inc, IBM Corporation, Intel Security (Intel Corporation), Mcafee, LLC, Palo Alto Networks, Trend Micro Incorporated (UK), Others
UK telecom industry. In addition, the growing number of IoT devices—especially those used in smart city projects—increases susceptibility to various cyberthreats; this pattern is anticipated to continue throughout the projection period.
PLACE AN ORDER
Year End Discount
Sample Report
Pre-Purchase Inquiry
NEED CUSTOMIZATION?
Request CustomizationCALL OR EMAIL US
100% Secure Payment
Related Reports
Have a glance of the Report
Our Global Clients
Our data-driven insights have influenced the strategy of 200+ reputed companies across the globe.
