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.
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Other insights from The Futurum Group:
Futurum Intelligence Cybersecurity IQ – Subscribers*
Futurum Research 2025 Key Issues & Predictions
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Author Information
Fernando Montenegro serves as the Vice President & Practice Lead for Cybersecurity at The Futurum Group. In this role, he leads the development and execution of the Cybersecurity research agenda, working closely with the team to drive the practice's growth. His research focuses on addressing critical topics in modern cybersecurity. These include the multifaceted role of AI in cybersecurity, strategies for managing an ever-expanding attack surface, and the evolution of cybersecurity architectures toward more platform-oriented solutions.
Before joining The Futurum Group, Fernando held senior industry analyst roles at Omdia, S&P Global, and 451 Research. His career also includes diverse roles in customer support, security, IT operations, professional services, and sales engineering. He has worked with pioneering Internet Service Providers, established security vendors, and startups across North and South America.
Fernando holds a Bachelor’s degree in Computer Science from Universidade Federal do Rio Grande do Sul in Brazil and various industry certifications. Although he is originally from Brazil, he has been based in Toronto, Canada, for many years.
With a focus on data security, protection, and management, Krista has a particular focus on how these strategies play out in multi-cloud environments. She brings approximately 15 years of experience providing research and advisory services and creating thought leadership content. Her vantage point spans technology and vendor portfolio developments; customer buying behavior trends; and vendor ecosystems, go-to-market positioning, and business models. Her work has appeared in major publications including eWeek, TechTarget and The Register.
Prior to joining The Futurum Group, Krista led the data protection practice for Evaluator Group and the data center practice of analyst firm Technology Business Research. She also created articles, product analyses, and blogs on all things storage and data protection and management for analyst firm Storage Switzerland and led market intelligence initiatives for media company TechTarget.
