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macroJul 16, 2026, 4:55 PM

Cybersecurity Market Expected to Exceed $350B by 2030 on AI-Driven Attacks

Generative AI has lowered the barrier to sophisticated cyberattacks, pushing the global cybersecurity market toward $350 billion by 2030 with a 9.1% CAGR. Healthcare, finance, and insurance sectors see fastest spending growth amid rising ransomware.

Generative AI has made it easier for attackers to launch sophisticated cyberattacks, prompting a surge in cybersecurity spending. The global cybersecurity market is now projected to exceed $350 billion by 2030, representing a compound annual growth rate (CAGR) of 9.1% from 2025 through 2030.

Sectors such as healthcare, financial services, and insurance are experiencing the fastest growth in cybersecurity expenditure, driven by a rise in ransomware attacks. Major capital deployment has followed, including Google's $32 billion acquisition of Wiz and ServiceNow's $7.8 billion purchase of Armis. Cybersecurity has become a top corporate priority in the new AI era.

Source: The Kobeissi Letter