South Korea B2B Cybersecurity Market Research Report By Offering (Solution, Services), By Security Type (Network Security, End Point Security, Email Security, Deception Technology, Application Technology, Wireless Security, Others), By Deployment Type (On-Cloud, On-Premises), By Organization Size (Freelancers or Micro-Organizations, SME's, Large Organizations) and By Industry Vertical (BFSI, Manufacturing, Healthcare, Retail, IT & Telecommunications, Aerospace & Defense, Government, Others) - Forecast to 2035

South Korea B2B Cybersecurity Market Overview

As per MRFR analysis, the South Korea B2B Cybersecurity Market Size was estimated at 170.25 (USD Million) in 2023. The South Korea B2B Cybersecurity Market Industry is expected to grow from 194.75(USD Million) in 2024 to 600 (USD Million) by 2035. The South Korea B2B Cybersecurity Market CAGR (growth rate) is expected to be around 10.771% during the forecast period (2025 - 2035).

Key South Korea B2B Cybersecurity Market Trends Highlighted

The South Korea B2B Cybersecurity Market is experiencing significant growth driven by increasing cyber threats and government initiatives to enhance national security. The rise of ransomware attacks and data breaches has heightened awareness among businesses, prompting them to invest in robust cybersecurity solutions. The South Korean government has implemented various policies, such as the Cybersecurity Enhancement Act, to boost corporate cybersecurity measures. 

Additionally, the strategic focus on digital transformation across industries fuels the demand for advanced cybersecurity services, particularly among SMEs (small and medium-sized enterprises), which are increasingly recognizing their vulnerabilities.There are ample opportunities to be captured in this market, particularly in areas like cloud security and endpoint protection. As more businesses migrate to cloud-based systems, the need for comprehensive security solutions tailored to these environments is critical. Furthermore, the escalating reliance on the Internet of Things (IoT) across various sectors has opened avenues for cybersecurity providers to offer specialized services that address IoT-related vulnerabilities. 

The increasing emphasis on compliance with both domestic regulations and international standards will further drive demand for cybersecurity solutions that ensure regulatory adherence.In recent times, there has been a notable trend toward the adoption of artificial intelligence and machine learning in cybersecurity practices, enabling companies to enhance threat detection and response capabilities. The collaboration between industry players and government institutions is also on the rise, fostering an ecosystem that promotes cybersecurity innovation and knowledge sharing. This growing collaboration is essential for building a resilient cybersecurity framework that can adapt to new threats as they emerge. Overall, the South Korea B2B Cybersecurity Market is positioned for dynamic growth, characterized by evolving technologies and increasing collaboration within the sector.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

South Korea B2B Cybersecurity Market Drivers

Increasing Cyber Threats and Data Breaches

The South Korea B2B Cybersecurity Market Industry is expanding rapidly, driven by an alarming increase in cyber threats and data breaches. For example, the South Korean government recorded a 37% rise in cyberattacks in 2022 over the previous year. Major corporations, like SK Telecom and KT Corporation, have made significant investments to strengthen their cybersecurity defenses and protect critical data. 

This growing investment in cybersecurity solutions is being driven by the need to comply with tough data protection legislation, such as the Personal Information Protection Act (PIPA), which imposes severe fines for data breaches. As businesses seek to secure their assets and preserve consumer confidence, demand for sophisticated cybersecurity solutions is likely to rise, adding to overall market growth.

Regulatory Compliance and Government Initiatives

The South Korean government has implemented robust regulations to enhance cybersecurity across various sectors, driving the growth of the South Korea B2B Cybersecurity Market Industry. The 'Cybersecurity Protection Plan' introduced by the Ministry of Science and ICT aims to improve national cyber resilience and mandates organizations to adopt comprehensive cybersecurity measures. 

This regulatory landscape creates a significant market opportunity for cybersecurity service providers, as businesses are compelled to invest in compliance solutions.In 2023, compliance-related framework implementations have become a priority for 78% of South Korean enterprises, underscoring the importance of aligning with government guidelines to mitigate risks and avoid sanctions.

Growing Adoption of Cloud Services

The rapid adoption of cloud technologies among South Korean businesses is a major factor propelling the South Korea B2B Cybersecurity Market Industry. According to a report by the Ministry of Science and ICT, approximately 62% of South Korean companies are currently leveraging cloud services, which require robust cybersecurity measures to protect sensitive data. 

Major cloud service providers, such as Naver Cloud and Amazon Web Services, have enhanced their security offerings in response to the growing demand, leading to increased investments in cybersecurity solutions.This trend highlights the critical need for enterprises to safeguard their cloud infrastructure and sensitive information, resulting in a higher adoption rate of cybersecurity products and services.

South Korea B2B Cybersecurity Market Segment Insights

B2B Cybersecurity Market Offering Insights

The South Korea B2B Cybersecurity Market, with a strong emphasis on the Offering segment, has increasingly become a crucial aspect of the overall cybersecurity landscape as businesses are recognizing the importance of safeguarding their digital assets. This segment is primarily divided into Solutions and Services, both of which play essential roles in addressing the complex cybersecurity challenges faced by organizations in South Korea. Solutions often encompass various technologies that help organizations protect their networks and data, such as firewalls, encryption tools, and intrusion detection systems.The growing digitization among businesses in South Korea has led to a rising demand for such advanced solutions, facilitating secure transactions and data exchanges while ensuring regulatory compliance.

On the other hand, Services span a wide array of offerings, including consulting, managed security services, incident response, and training programs. These services are vital as they provide organizations with the expertise needed to develop and implement effective cybersecurity strategies, which are increasingly imperative in a landscape characterized by sophisticated cyber threats.Moreover, the South Korea government has put significant emphasis on strengthening the national cybersecurity posture, driving further investments in both solutions and services spheres. The dynamic nature of the cyber threat landscape in South Korea also presents both challenges and opportunities across these sectors, as companies must adapt rapidly to stay one step ahead of potential breaches. 

This evolving environment underscores the growing recognition of the role of cybersecurity in facilitating secure digital transformation and maintaining consumer trust, making the Offering segment a cornerstone of the B2B Cybersecurity Market in the region.The increasing collaboration between government initiatives and private sector investments is also paving the way for further innovation and growth opportunities within this segment as stakeholders seek to enhance their capabilities in response to an ever-changing threat landscape. Hence, the Offering segment remains a pivotal area within the South Korea B2B Cybersecurity Market, emphasizing the importance of integrated solutions and comprehensive services in driving overall market growth and ensuring a secure business environment.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

B2B Cybersecurity Market Security Type Insights

The South Korea B2B Cybersecurity Market, focusing on the Security Type segment, showcases substantial diversity in its offerings aimed at protecting businesses from various cyber threats. The increasing digitization of businesses in South Korea has significantly driven the demand for effective Network Security measures, which play a crucial role in safeguarding data and maintaining secure communication channels. End Point Security is also paramount, addressing vulnerabilities present in individual devices, which have become common targets for cyberattacks.Email Security remains a significant concern for organizations, as emails are often the gateway for sophisticated phishing attacks. 

Deception Technology is gaining attention for its proactive approach to misleading attackers, thereby improving an organization’s security posture. Application Technology is essential as businesses continue to develop and implement custom applications that require rigorous protection from potential threats. Wireless Security has emerged as a priority due to the rising reliance on mobile devices and wireless networks in the workspace.Other specialized security measures further round out the offerings, providing comprehensive protection that businesses in South Korea increasingly recognize as vital for maintaining operational integrity and trust with their customers. This segment illustrates the growing importance of robust cybersecurity strategies as firms adapt to increasingly complex cyber environments.

B2B Cybersecurity Market Deployment Type Insights

The South Korea B2B Cybersecurity Market is experiencing a transformation driven by the deployment type segment, which includes On-Cloud and On-Premises solutions. The trend towards digitalization and an increasing frequency of cyberattacks have significantly influenced the security posture of businesses across the nation. On-Cloud deployments are gaining traction due to their scalability, ease of management, and cost-effectiveness, allowing companies to access advanced security features without substantial upfront investments. 

In contrast, On-Premises solutions continue to be favored by organizations that prioritize control over their data and security systems, addressing stringent regulatory requirements prevalent in South Korea.This duality within the deployment types highlights the importance of flexibility, where businesses can choose based on their specific needs and risk profiles. With the South Korean government promoting initiatives to enhance digital infrastructure and cybersecurity measures, the demand for both deployment options is expected to rise, driving innovation and investment in the Asia-Pacific region's cybersecurity landscape.

B2B Cybersecurity Market Organization Size Insights

The South Korea B2B Cybersecurity Market is fundamentally shaped by the diverse needs of organizations based on size, highlighting critical differences in cybersecurity requirements and strategies. Freelancers or Micro-Organizations often prioritize cost-effective solutions driven by limited budgets and the need for basic protection against cyber threats. In contrast, Small and Medium Enterprises (SMEs) serve as a significant contributor to the nation's economy, necessitating more robust cybersecurity measures amid increasing attacks targeting their vulnerabilities.Their growing digital presence underlines a demand for comprehensive cybersecurity solutions that address specific industry risks. 

Large Organizations, on the other hand, dominate the market due to their expansive operational framework, handling vast amounts of sensitive data and being frequent targets for sophisticated cyber attacks. The evolution of cloud technology and the Internet of Things (IoT) has led these larger entities to invest heavily in advanced cybersecurity solutions, including AI and machine learning, to safeguard their infrastructures.Overall, as South Korea continues to advance its digital economy, the varied cybersecurity needs across different organization sizes underscore significant growth opportunities within the South Korea B2B Cybersecurity Market, reflecting ongoing trends in risk management and technology adoption.

B2B Cybersecurity Market Industry Vertical Insights

The South Korea B2B Cybersecurity Market is characterized by a diverse range of industry verticals, reflecting the growing demand for enhanced security solutions across various sectors. The BFSI sector has become a focal point for cybersecurity investments due to the significant amount of sensitive data it handles, making it a target for cybercriminals. Similarly, the Manufacturing sector is increasingly recognizing the importance of cybersecurity to protect intellectual property and operational technology from cyber threats. In Healthcare, the implementation of stringent regulations and the need to safeguard patient data have driven considerable investments in cybersecurity measures.Retail is also experiencing a shift towards robust cybersecurity practices, particularly with the rise of e-commerce and online transactions. 

The IT and Telecommunications sector is continuously evolving, necessitating advanced cybersecurity solutions to combat sophisticated threats. The Aerospace and Defense sectors prioritize cybersecurity to protect national security interests and sensitive technologies. Governmental initiatives in South Korea are focused on strengthening national cybersecurity frameworks, further driving investments across all verticals.Overall, the South Korea B2B Cybersecurity Market segmentation indicates a thriving landscape with unique challenges and opportunities in each industry vertical, reflecting the critical need for cybersecurity solutions in safeguarding digital assets and infrastructure.

South Korea B2B Cybersecurity Market Key Players and Competitive Insights

The South Korea B2B Cybersecurity Market is characterized by a dynamic and evolving landscape, largely driven by the increasing digitalization of business processes and the rising incidence of cyber threats. As enterprises in South Korea continue to adopt sophisticated technologies, the need for robust cybersecurity solutions has become more pronounced. A competitive analysis of this market reveals a diverse range of players, each offering unique solutions designed to address the specific security concerns faced by businesses. Companies are adopting innovative methodologies and technologies, such as artificial intelligence and machine learning, to enhance their cybersecurity offerings, while also focusing on regulatory compliance and risk management. This competitive environment implies a continuous push towards developing advanced security solutions, safeguarding sensitive enterprise data, and maintaining customer trust.

SK Infosec, a prominent player in the South Korea B2B Cybersecurity Market, has established itself as a leader with a comprehensive suite of products and services. The company leverages its extensive experience and expertise to provide advanced cybersecurity solutions that cater to diverse industry needs. One of its notable strengths is its robust infrastructure for threat detection and response, which positions SK Infosec as a reliable partner for businesses seeking to fortify their cybersecurity posture. Furthermore, the company's commitment to innovation ensures that it consistently delivers cutting-edge technologies that safeguard against emerging cyber threats. SK Infosec continues to strengthen its market presence through strategic collaborations and partnerships, enabling it to expand its reach and deliver tailored solutions that resonate with South Korea's unique business environment.

Samsung SDS plays a significant role in the South Korea B2B Cybersecurity Market by leveraging its strong technological capabilities and established reputation in the industry. The company provides a range of cybersecurity services, including threat monitoring, incident response, risk assessment, and security architecture design. Its strength lies in its integration of cybersecurity into broader IT solutions, which provides a comprehensive approach to risk management for enterprises. Additionally, Samsung SDS has engaged in strategic mergers and acquisitions to enhance its capabilities, including the acquisition of smaller cybersecurity firms to gain access to innovative technology and expertise. 

This approach not only strengthens its product offerings but also fortifies its market presence in South Korea. Samsung SDS's focus on delivering tailored and scalable cybersecurity solutions positions it favorably in helping businesses navigate the complex landscape of cybersecurity challenges, thus solidifying its reputation within the market.

Key Companies in the South Korea B2B Cybersecurity Market Include:

• SK Infosec


• Samsung SDS


• Hanwha Techwin


• AhnLab


• Securities and Exchange Commission


• Anypoint


• Innodisk


• Daou Technology


• Nexsign


• ISecLab


• Softforum


• Penta Security Systems


• LG CNS

South Korea B2B Cybersecurity Market Industry Developments

In recent developments within the South Korea B2B Cybersecurity Market, companies like SK Infosec and AhnLab are focusing on enhancing their cybersecurity frameworks to combat increasingly sophisticated cyber threats. Samsung SDS is making strides in cloud security solutions, aligning with the nation's push for a more robust digital infrastructure. 

Moreover, in September 2023, Hanwha Techwin announced a strategic partnership with an international cybersecurity firm to bolster its security offerings, showcasing an ongoing trend of collaboration in the sector. The regional market valuation is showing significant growth, attributed to heightened awareness of cybersecurity risks among businesses, especially after a surge in incidents over the past 2-3 years. In August 2023, Daou Technology launched new cybersecurity products designed to address emerging threats, reflecting the dynamic nature of innovation in the market. 

Recently, Anypoint made headlines with its acquisition of a small cybersecurity startup to expand its service offerings, marking a notable trend in mergers and acquisitions aimed at strengthening market competitiveness. This market activity demonstrates a proactive approach among South Korean companies toward mitigating risks and enhancing overall cybersecurity resilience in the B2B landscape.

South Korea B2B Cybersecurity Market Segmentation Insights

B2B Cybersecurity Market Offering Outlook

• Solution


• Services

B2B Cybersecurity Market Security Type Outlook

• Network Security


• End Point Security


• Email Security


• Deception Technology


• Application Technology


• Wireless Security


• Others

B2B Cybersecurity Market Deployment Type Outlook

• On-Cloud


• On-Premises

B2B Cybersecurity Market Organization Size Outlook

• Freelancers or Micro-Organizations


• SME's


• Large Organizations

B2B Cybersecurity Market Industry Vertical Outlook

• BFSI


• Manufacturing


• Healthcare


• Retail


• IT & Telecommunications


• Aerospace & Defense


• Government


• Others

 

Report Attribute/Metric Source:	Details
MARKET SIZE 2023	170.25(USD Million)
MARKET SIZE 2024	194.75(USD Million)
MARKET SIZE 2035	600.0(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR)	10.771% (2025 - 2035)
REPORT COVERAGE	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR	2024
MARKET FORECAST PERIOD	2025 - 2035
HISTORICAL DATA	2019 - 2024
MARKET FORECAST UNITS	USD Million
KEY COMPANIES PROFILED	SK Infosec, Samsung SDS, Hanwha Techwin, AhnLab, Securities and Exchange Commission, Anypoint, Innodisk, Daou Technology, Nexsign, ISecLab, Softforum, Penta Security Systems, LG CNS
SEGMENTS COVERED	Offering, Security Type, Deployment Type, Organization Size, Industry Vertical
KEY MARKET OPPORTUNITIES	Cloud security solutions growth, AI-driven threat detection, Compliance-driven cybersecurity frameworks, Managed security service providers, Industrial IoT security enhancements
KEY MARKET DYNAMICS	growing regulatory compliance requirements, increasing cyber threats awareness, adoption of cloud security solutions, rising demand for managed services, investment in advanced threat protection
COUNTRIES COVERED	South Korea