United Kingdom Cybersecurity Market Size, Share, and COVID-19 Impact Analysis, By Component (Hardware, Software, and Services), By Deployment (Cloud-based, and On-premises), By Industry Vertical (IT and Telecom, Retail, BFSI, Healthcare, Defense/Government, Manufacturing, Energy, and Others), and United Kingdom Cybersecurity Market Insights, Industry Trend, Forecasts to 2035.

United Kingdom Cybersecurity Market Insights Forecasts to 2035

• The United Kingdom Cybersecurity Market Size was estimated at USD 11,345.85 Million in 2024
• The Market Size is Expected to Grow at a CAGR of around 11.41% from 2025 to 2035
• The United Kingdom Cybersecurity Market Size is Expected to Reach USD 37,237.51 Million by 2035

According to a research report published by Spherical Insights & Consulting, The United Kingdom Cybersecurity Market Size is Anticipated to reach USD 37,237.51 Million By 2035, Growing at a CAGR of 11.41% from 2025 to 2035. The United Kingdom cybersecurity market is mostly driven by the increasing complexity of cyberthreats. Further, the increasing sophistication of cyberattacks has made implementing robust security measures a primary concern for vital sectors such as BFSI, government bodies, and more.

Market Overview

The United Kingdom cybersecurity market refers to the business that assists to information and technology industry by focusing on the fabrication and deployment of digital systems, networks, and data from cyber threats such as hacking, malware, phishing, and ransomware. Also, to protect sensitive data, ensure business continuity, and avoid financial losses, cybersecurity is crucial for individuals and companies as well. Along with the government and key market development news, such as in January 2025, the UK government announced £1.9 million in funding to enhance cyber skills and strengthen national cyber resilience. This investment will support over 30 projects across England and Northern Ireland, focusing on training initiatives and new cybersecurity measures, which will fuel the market growth.

Report Coverage

This research report categorizes the market for the United Kingdom cybersecurity market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the United Kingdom cybersecurity market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the United Kingdom cybersecurity market.

Driving Factors

The market for UK cybersecurity is driven by government initiatives and regulatory frameworks to improve data security and privacy requirements. Additionally, the need for cutting-edge cybersecurity solutions to safeguard vital industries like finance, healthcare, and energy has grown as a result of the UK's rapid digital transition. A growing number of cyberattacks, owing to the proliferation of e-commerce platforms, the emergence of smart devices, and the deployment of cloud, are some key factors propelling market growth. Moreover, increasing usage of devices equipped with IoT and intelligent technologies is expected to increase cases of cyber threats, which increases the need for such a novel system for seamless operations.

Restraining Factors

The absence of expertise in developing and improving security solutions is one of the main problems that is preventing progress. Further, the high cost of adopting and updating internet security solutions and services impedes the adoption of cybersecurity solutions among small & medium enterprises (SMEs).

Market Segmentation

The United Kingdom cybersecurity market share is classified into component, deployment, and industry vertical.

• The hardware segment held the highest share in 2024 and is expected to grow at a significant CAGR over the forecast period.

The United Kingdom cybersecurity market is segmented by component into hardware, software, and services. Among these, the hardware segment held the highest share in 2024 and is expected to grow at a significant CAGR over the forecast period. This is due to security companies creating machine learning and artificial intelligence-based cybersecurity solutions for their current platforms or cybersecurity systems. The significant rise in cyberattacks from several anonymous networks, it is expected that Internet service providers (ISPs) and end-user enterprises would implement sophisticated security devices, like encrypted USB flash drives, as Intrusion Prevention Systems (IPS) Moreover, they need sophisticated hardware solutions in terms of detection systems, firewalls, and encrypted storage.

• The cloud-based segment held the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The United Kingdom cybersecurity market is segmented by deployment into cloud-based, and on-premises. Among these, the cloud-based segment held the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period. This is because they provide good availability and reliable operation, reducing the possibility of disruptions during important ongoing activities. Furthermore, notifications, real-time communication, and ongoing management are made simpler by this flexibility.

• The BFSI segment held a significant share in 2024 and is anticipated to grow at a rapid pace during the forecast period.

The United Kingdom cybersecurity market is segmented by industry vertical into IT and telecom, retail, BFSI, healthcare, defense/government, manufacturing, energy, and others. Among these, the BFSI segment held a significant share in 2024 and is anticipated to grow at a rapid pace during the forecast period. This is because financial, insurance, and banking institutions are increasingly demanding, and there is a need for strong security and digital privacy systems. Solutions for cloud application security assist banks, insurance companies, and other financial institutions in protecting extremely sensitive data, combined with real-time intelligence against persistent cyberattacks, which showcase the importance of cybersecurity platforms.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the United Kingdom cybersecurity market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Darktrace
• Ernst & Young (EY)
• Mimecast
• Portswigger
• Securitas
• Others

Recent Developments:

• In May 2025, the UK's National Cyber Security Centre (NCSC), part of GCHQ, launched two major initiatives to strengthen national cyber resilience. These were announced at the CYBERUK 2025 conference. These initiatives aimed to improve consumer confidence in cybersecurity and help critical infrastructure defend against evolving threats.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at United Kingdom, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the United Kingdom cybersecurity market based on the below-mentioned segments

United Kingdom Cybersecurity Market, By Component

• Hardware
• Software
• Services

United Kingdom Cybersecurity Market, By Deployment

• Cloud-based
• On-premises

United Kingdom Cybersecurity Market, By Industry Vertical

• IT and Telecom
• Retail
• BFSI
• Healthcare
• Defense/Government
• Manufacturing
• Energy
• Others