In 2024, the volume of the Ukrainian cybersecurity market reached $138 million. For comparison, for our Polish neighbors, it was $800 million.
In 2024, the volume of the Ukrainian cybersecurity market reached $138 million. For comparison, for our Polish neighbors, it was $800 million.
The Ukrainian cybersecurity market has grown 4 times over the past 8 years: from $32 million in 2016 to $138 million, according to a study by DataDriven Research&Consulting.
The largest market growth was observed in 2021 — $92 million or +33%. In 2022, there was moderate market growth ($105 million) due to company relocations
and office closures, which led to a decrease in domestic demand
on cybersecurity and slowing investment growth. In 2023, there was an increase to $122.
The global cybersecurity market reached $186 billion last year, with Ukraine's share being approximately 0.07%. The top three countries are the United States ($81 billion), China ($15 billion), and the United Kingdom ($11 billion).
By the way, the USA and China are the countries that are subjected to the largest number of cyberattacks in the world. Ukraine and South Korea are also on this list.
The Ukrainian cybersecurity market is dominated by the network security segment, but application and endpoint security are growing rapidly.
Since 2016, the cloud security market in Ukraine has grown from $0.1 million to $1.7 million in 2024. During the full-scale period, it has increased threefold.
Last year, the network security market amounted to $46.3 million, the security market
endpoints — $7.1 million.
The study says that according to forecasts, the Ukrainian cybersecurity market will grow by another 50% within five years and reach $209 million.
