IT And Telecom Cyber Security Market 2030: Services Segment's Rapid Rise
The global IT & telecom cyber security market was valued at USD 35.11 billion in 2024 and is projected to reach USD 76.73 billion by 2030, registering a CAGR of 14.2% from 2025 to 2030. The rising vulnerability of the IT and telecommunications sectors to cyber-attacks-driven by massive data volumes and highly interconnected systems-continues to propel market growth. Increasing incidents of ransomware, DDoS attacks, phishing, and insider threats are prompting organizations to invest heavily in advanced cybersecurity solutions to protect their infrastructure and customer data. This escalating threat environment is significantly boosting the demand for cybersecurity technologies and managed services. The rapid shift toward cloud-based environments has introduced new layers of complexity and risk. As IT and telecom companies migrate applications, workloads, and sensitive information to the cloud, the potential for unauthorized access and data breaches increases. This has accelerated...