Will the global market for cybersecurity services (excluding hardware) exceed $400 billion by the end of 2028?

Cybersecurity Market's Surge: Breaking $400 Billion by 2028

As digital transformation accelerates and cyber threats become more sophisticated (especially with AI-powered attacks), the demand for robust cybersecurity solutions is skyrocketing. This prediction targets the global cybersecurity services market (excluding hardware) exceeding $400 billion by the end of 2028, reflecting a massive and sustained investment by organizations worldwide.

Relentless Threat Landscape

The drivers for this growth are clear:

• **Increasing Attack Vectors:** The proliferation of IoT, cloud computing, remote work, and AI-driven automation creates more entry points for attackers.
• **Sophistication of Attacks:** Ransomware, nation-state attacks, and supply chain compromises are growing in frequency and impact.
• **Regulatory Pressure:** Stricter data privacy laws (e.g., GDPR, CCPA, NIS2) mandate significant investment in compliance and protection.
• **Skills Shortage:** The persistent global shortage of cybersecurity professionals forces companies to rely on managed security services (MSSPs) and advanced AI-driven tools.

Current market forecasts already place the cybersecurity market in this trajectory, with some analysts predicting valuations well over $500 billion by 2030. Reaching $400 billion by 2028 is a highly conservative yet significant milestone, indicating the critical role cybersecurity plays in the modern digital economy.