How Will Cybersecurity Reach $288B by 2029? Futurum Unveils New Insights
Fernando Montenegro and Krista Case of The Futurum Group share insights from their upcoming Cybersecurity market forecast and cybersecurity decision-maker study.
Futurum's Fernando Montenegro,
Cite this
Fernando Montenegro, The Futurum Group, "How Will Cybersecurity Reach $288B by 2029? Futurum Unveils New Insights," April 4, 2025. https://preview.erikbethke.com/press-release/how-will-cybersecurity-reach-288b-by-2029-futurum-unveils-new-insights/
Austin, Texas, USA, April 4, 2025
Futurum Updates Two Major Reports on Cybersecurity, Its Market Forecast, and Survey of Key Decision-Makers
The cybersecurity market will grow at an 11.6% CAGR to approximately $288 billion from 2024 to 2029 (see Figure 1), according to an upcoming Futurum Research report. This market growth, spanning all technology areas, industries, and regions, will be driven by the unrelenting growth in the volume and sophistication of cyberattacks. Futurum’s upcoming 1H 2025 Cybersecurity Decision Maker Survey reveals that four out of five organizations experienced a cyber incident over the past 12 months.
Figure 1: Cybersecurity Market Growth (2024–2029; in USD)
No organization is immune, as attackers innovate their approaches by utilizing new fuel in the form of AI. As a result, cybersecurity is established as a board-level priority that merits a growing share of the budget.
Futurum projects that the Risk Management and Security Operations and Identity and Access Segments will outpace the rest of the market in growth, including the Application, Cloud, Data, Endpoint, and Network Security segments. This reflects the increasing sophistication of attack techniques and the fact that attack surfaces are exploding due to the usage of SaaS applications, multi-hybrid cloud infrastructures, and growing networks of IoT devices. It also reflects the precedence of embracing a Zero Trust architecture and shoring up identities, which are the current prime targets of malicious actors. Across all segments, practitioners are cautiously testing the waters with AI-fueled solutions and a move towards a more centralized, platform-driven approach when it comes to their cybersecurity toolchains.
Futurum’s upcoming reports, “1H 2025 Cybersecurity Market Sizing & Forecast Report” and “1H 2025 Cybersecurity Decision Maker Survey, ” will cover these topics and more. Analysts Fernando Montenegro, Mitch Ashley, and Krista Case will explore them in Futurum’s coverage of the RSA Conference 2025 in early May.
About Futurum Intelligence for Market Leaders
Futurum Intelligence’s Cybersecurity IQ service provides actionable insight from analysts, reports, and interactive visualization datasets, helping leaders drive their organizations through transformation and business growth. Subscribers can log into the platform at https://app.futurumgroup.com/, and non-subscribers can find additional information at Futurum Intelligence.
Follow news and updates from Futurum on X and LinkedIn using #Futurum. Visit the Futurum Newsroom for more information and insights.
Other insights from The Futurum Group:
Futurum Intelligence Cybersecurity IQ – Subscribers*
Futurum Research 2025 Key Issues & Predictions
Alphabet’s Proposed Acquisition of Wiz Shifts Cloud Security Landscape
Published by Futurum.
More from Fernando Montenegro
Why AI Learned to Attack Before It Learned to Defend
Fernando Montenegro, VP & Practice Lead at Futurum, shares his insights on how offensive AI succeeds because it’s easier to verify than defensive security, shifting the need for vendors to sell proof of exploitability over volume.
Can Frontier Virtual Patching Close the AI Exposure Gap?
Fernando Montenegro, VP at The Futurum Group, shares insights on how Palo Alto Networks connects AI vulnerability discovery with pre-disclosure network protection.
Brinqa Buys PlexTrac to Put Proof Behind Exposure Management
Fernando Montenegro, VP at Futurum, analyzes Brinqa’s acquisition of PlexTrac and what adding offensive security validation to an exposure management platform does, and does not, prove about remediation.