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South Korea B2B Cybersecurity Market

ID: MRFR/ICT/57229-HCR
200 Pages
Aarti Dhapte
February 2026

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

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South Korea B2B Cybersecurity Market Summary

As per Market Research Future analysis, the South Korea B2B cybersecurity market size was estimated at 193.61 USD million in 2024. The South Korea b2b cybersecurity market is projected to grow from 221.92 USD Million in 2025 to 868.92 USD Million by 2035, exhibiting a compound annual growth rate (CAGR) of 14.6% during the forecast period 2025 - 2035

Key Market Trends & Highlights

The South Korea B2B cybersecurity market is experiencing robust growth driven by increasing investments and regulatory demands.

  • Investment in cybersecurity solutions is on the rise as businesses prioritize protection against threats.
  • Regulatory compliance and standards are becoming critical as organizations seek to align with national and international requirements.
  • The integration of AI and automation is transforming cybersecurity practices, enhancing efficiency and response times.
  • Key market drivers include the rising cyber threat landscape and government initiatives supporting cybersecurity advancements.

Market Size & Forecast

2024 Market Size 193.61 (USD Million)
2035 Market Size 868.92 (USD Million)
CAGR (2025 - 2035) 14.62%

Major Players

Palo Alto Networks (US), Fortinet (US), Cisco Systems (US), Check Point Software Technologies (IL), CrowdStrike (US), McAfee (US), Trend Micro (JP), Sophos (GB), FireEye (US)

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South Korea B2B Cybersecurity Market Trends

the B2B cybersecurity market in South Korea is currently experiencing dynamic changes, driven by increasing digital transformation across various sectors. Organizations are increasingly recognizing the necessity of robust cybersecurity measures to protect sensitive data and maintain operational integrity. This heightened awareness is leading to a surge in demand for advanced security solutions, including threat detection, incident response, and risk management services. As cyber threats become more sophisticated, businesses are compelled to invest in comprehensive security frameworks that not only address current vulnerabilities but also anticipate future challenges. Moreover, the regulatory landscape in South Korea is evolving, with government initiatives aimed at enhancing cybersecurity resilience. Policies promoting collaboration between public and private sectors are fostering innovation in the b2b cybersecurity market. This collaborative approach is likely to yield new technologies and strategies that can effectively counter emerging threats. As a result, the market is poised for significant growth, with an emphasis on integrating artificial intelligence and machine learning into security protocols. The ongoing commitment to cybersecurity is expected to shape the future of business operations in South Korea, ensuring a safer digital environment for all stakeholders.

Increased Investment in Cybersecurity Solutions

Organizations are allocating more resources towards advanced cybersecurity technologies. This trend reflects a growing recognition of the importance of safeguarding sensitive information and maintaining business continuity. Companies are likely to prioritize investments in threat intelligence and incident response capabilities.

Regulatory Compliance and Standards

The evolving regulatory framework in South Korea is pushing businesses to adopt stringent cybersecurity measures. Compliance with national standards is becoming essential, prompting organizations to enhance their security protocols. This trend indicates a shift towards more structured cybersecurity governance.

Integration of AI and Automation

The adoption of artificial intelligence and automation in cybersecurity practices is gaining traction. Businesses are exploring these technologies to improve threat detection and response times. This trend suggests a move towards more proactive and efficient security measures.

South Korea B2B Cybersecurity Market Drivers

Rising Cyber Threat Landscape

the B2B cybersecurity market in South Korea is experiencing increased demand for security solutions due to an increasingly complex cyber threat landscape. Cyberattacks, including ransomware and phishing, have surged, prompting businesses to invest in robust cybersecurity measures. In 2025, it is estimated that cybercrime could cost the global economy over $10 trillion annually, with South Korea being a significant target due to its advanced technological infrastructure. This alarming trend compels organizations to prioritize cybersecurity, leading to a projected growth rate of 12% in the b2b cybersecurity market. Companies are now more aware of the potential financial and reputational damage caused by breaches, driving them to seek comprehensive solutions to safeguard their assets.

Growing Awareness of Data Privacy

In South Korea, the growing awareness of data privacy issues is significantly influencing the b2b cybersecurity market. With the implementation of stringent data protection regulations, such as the Personal Information Protection Act (PIPA), businesses are compelled to adopt comprehensive cybersecurity measures to ensure compliance. Failure to adhere to these regulations can result in hefty fines, reaching up to 3% of annual revenue. Consequently, organizations are increasingly investing in cybersecurity solutions to protect sensitive data and maintain customer trust. This trend is expected to drive the b2b cybersecurity market, with a projected growth of 15% in the next few years as companies prioritize data protection and privacy.

Emergence of Advanced Technologies

The emergence of advanced technologies, such as artificial intelligence (AI) and machine learning (ML), is reshaping the b2b cybersecurity market in South Korea. These technologies offer innovative solutions for threat detection and response, enabling organizations to proactively address potential security breaches. In 2025, it is projected that AI-driven cybersecurity solutions will account for over 30% of the market share, reflecting a growing reliance on automation to enhance security measures. As businesses recognize the potential of these technologies to improve efficiency and reduce response times, investment in AI and ML-based cybersecurity solutions is expected to rise. This trend indicates a transformative shift in how organizations approach cybersecurity, driving growth in the b2b cybersecurity market.

Government Initiatives and Support

the South Korean government plays a pivotal role in shaping the cybersecurity landscape through various initiatives and support programs. In recent years, the government has launched several cybersecurity frameworks aimed at enhancing national security and protecting critical infrastructure. For instance, the Cybersecurity Strategy 2025 aims to allocate approximately $1 billion to bolster cybersecurity capabilities across industries. This proactive approach not only fosters a secure environment for businesses but also encourages investment in cybersecurity solutions. As a result, the b2b cybersecurity market is likely to benefit from increased funding and resources, facilitating the development of innovative technologies and services.

Digital Transformation and Cloud Adoption

the ongoing digital transformation across various sectors in South Korea is a key driver for cybersecurity solutions. As businesses increasingly migrate to cloud-based solutions, the demand for cybersecurity measures tailored to protect these environments is surging. In 2025, it is anticipated that cloud adoption in South Korea will reach 80%, necessitating advanced security protocols to mitigate risks associated with cloud computing. This shift not only enhances operational efficiency but also exposes organizations to new vulnerabilities, prompting them to invest in specialized cybersecurity solutions. The b2b cybersecurity market is likely to expand as companies seek to secure their digital assets in an evolving technological landscape.

Market Segment Insights

By Offering: Identity Access Management (Largest) vs. Antiware & Malware (Fastest-Growing)

The South Korea b2b cybersecurity market exhibits a diverse range of offerings, with Identity Access Management (IAM) holding the largest market share. IAM solutions have become essential for organizations aiming to secure their digital identities and ensure compliance with data protection regulations. Following IAM, Firewall and Unified Threat Management (UTM) are significant components of the cybersecurity landscape, addressing various security needs efficiently. Other segments like Compliance & Policy Management and Encryption & Tokenization also contribute to the growing market, reflected in their consistent demand across sectors. The growth trends in the South Korea b2b cybersecurity market reveal a heightened focus on cybersecurity solutions, primarily driven by increasing cyber threats and regulatory requirements. Antiware & Malware solutions are showing impressive growth, being recognized as the fastest-growing segment due to the rise in sophisticated malware attacks. Organizations are investing heavily in services to enhance their cybersecurity posture, leading to robust growth in sectors such as UTM and Encryption & Tokenization, reflecting an overall trend toward comprehensive security solutions.

Identity Access Management (Dominant) vs. Antiware & Malware (Emerging)

Identity Access Management (IAM) is a dominant offering in the South Korea b2b cybersecurity market, fundamental for controlling user access and mitigating security risks associated with unauthorized access. IAM solutions, which include privileges management and single sign-on capabilities, are essential in enterprises where data protection is paramount. Conversely, Antiware & Malware solutions are emerging rapidly, reflecting the increasing complexity of cyber threats. Organizations are prioritizing investments in these solutions to combat evolving malware strategies. This dynamic landscape emphasizes the need for robust cybersecurity measures, where IAM remains a staple and Antiware & Malware represents a critical enhancement to security frameworks, responding to the need for proactive threat detection and response.

By Security Type: Network Security (Largest) vs. Endpoint Security (Fastest-Growing)

In the South Korea b2b cybersecurity market, the network security segment commands a substantial share, remaining the most crucial element due to its ability to protect infrastructure from external threats. Following closely is endpoint security, which is rapidly gaining traction as organizations prioritize securing individual devices against increasing cyber threats. The presence of strict regulatory frameworks is further directing the focus towards enhancing network capabilities. Growth trends show that endpoint security is emerging as the fastest-growing segment, influenced by the rising adoption of remote working arrangements and the proliferation of mobile devices. Organizations are increasingly investing in advanced security solutions that offer real-time protection and responsiveness to evolving threats. Network security continues to maintain its dominance while adapting to newer technologies to sustain its market position.

Network Security (Dominant) vs. Endpoint Security (Emerging)

Network security remains the dominant force in the South Korea b2b cybersecurity market, providing robust solutions that protect networks from unauthorized access and cyberattacks. It encompasses a variety of technologies, including firewalls and intrusion detection systems, ensuring robust infrastructure security. On the other hand, endpoint security is identified as an emerging power as businesses increasingly recognize the vulnerabilities associated with individual endpoint devices. The demand for endpoint solutions is rapidly growing, driven by the rise of mobile and remote working. As the sophistication of cyber threats evolves, both segments are instrumental in providing comprehensive security measures that address the complexities faced by organizations.

By Deployment Type: On-Cloud (Largest) vs. On-Premises (Fastest-Growing)

In the South Korea b2b cybersecurity market, the deployment type segment exhibits a clear distinction in market share. On-Cloud solutions dominate the landscape, favored for their flexibility and scalability. This deployment type has gained significant traction among businesses seeking to streamline operations and enhance security measures without extensive infrastructure investments. On-Premises solutions, while currently holding a smaller share, have seen increased adoption as organizations prioritize control and customization over their cybersecurity measures, creating a dynamic market fabric. Looking ahead, the growth trends for these deployment types indicate a robust future for both. On-Cloud solutions are expected to sustain their lead, driven by ongoing digital transformation initiatives and a shift towards remote work environments. Conversely, On-Premises solutions are emerging as a fast-growing segment, fueled by organizations' heightened concerns regarding data sovereignty and security breaches. This evolving landscape illustrates the diverse needs of organizations in their quest for effective cybersecurity measures.

Deployment Type: On-Cloud (Dominant) vs. On-Premises (Emerging)

On-Cloud deployment is recognized as the dominant force in the South Korea b2b cybersecurity market, offering organizations unparalleled advantages such as reduced maintenance costs and enhanced accessibility. This model allows businesses to leverage advanced security technologies without substantial upfront investments in hardware. In contrast, On-Premises solutions, while currently categorized as emerging, are appealing to organizations that require stringent data control and compliance with local regulations. These systems provide businesses with the ability to customize their security frameworks according to specific operational needs, ensuring tailored protection. As both deployment types evolve, organizations are likely to adopt hybrid approaches, balancing the benefits of cloud flexibility with the robust control of on-premises systems.

By Organization Size: Large Organizations (Largest) vs. SMEs (Fastest-Growing)

In the South Korea b2b cybersecurity market, the distribution of market share among organization sizes reveals a strong preference for large organizations, which dominate the landscape due to their extensive infrastructure and higher cybersecurity budgets. Freelancers and micro-organizations hold a smaller share, indicating their limited resource allocation to cybersecurity solutions, while SMEs are progressively increasing their foothold in the market, adapting to new threats and compliance requirements. Growth trends within this segment are driven by the escalating cyber threats faced by SMEs, prompting them to invest more heavily in cybersecurity solutions to protect their operations. Large organizations continue to lead, prioritizing advanced security measures and proactive strategies against breaches. In contrast, freelancers and micro-organizations are beginning to recognize the importance of cybersecurity, though they still lag in investment compared to their larger counterparts.

Large Organizations: Dominant vs. SMEs: Emerging

Large organizations in the South Korea b2b cybersecurity market are characterized by robust cybersecurity frameworks, significant investments in technology, and a comprehensive risk management strategy. They tend to employ dedicated teams of security professionals and leverage advanced tools for threat detection and response. In contrast, SMEs are emerging as a vital segment, marked by their agility and adaptability to adopt innovative cybersecurity solutions that meet their unique challenges. As these organizations grow, they are increasingly aware of their vulnerabilities and are prioritizing cybersecurity measures to protect their data and maintain customer trust, thus driving a shift in market dynamics.

By Industry Vertical: BFSI (Largest) vs. Healthcare (Fastest-Growing)

In the South Korea b2b cybersecurity market, the BFSI sector stands as the largest segment, holding a significant share among industry verticals. This is followed closely by the IT & Telecommunications and Healthcare sectors, which are also vital contributors to the cybersecurity landscape. Each segment has unique security needs that influence its market share, driven by the reliance on robust cybersecurity measures to protect sensitive information and infrastructure. Growth trends indicate that while BFSI maintains its dominance, the Healthcare segment is emerging as the fastest-growing vertical, spurred by the increasing adoption of digital health solutions and telemedicine. The growing frequency and sophistication of cyber threats in healthcare demand advanced security solutions, prompting investments from providers and driving innovation within the sector.

BFSI: Dominant vs. Healthcare: Emerging

BFSI is characterized by highly regulated environments requiring comprehensive security solutions to protect financial data and transactions. Major banks and financial institutions invest heavily in cybersecurity to mitigate risks and ensure compliance with stringent regulations. Conversely, the Healthcare sector, while emerging, is rapidly adapting to new technologies such as electronic health records and telemedicine. With the rise in cyber attacks targeting health data, organizations within this sector are prioritizing cybersecurity to safeguard patient information and maintain trust. Both segments are crucial for the overall health of the cybersecurity market, with BFSI leading in market share while Healthcare is quickly expanding its footprint.

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Key Players and Competitive Insights

The b2b cybersecurity market in South Korea is characterized by a dynamic competitive landscape, driven by increasing digital threats and the growing need for robust security solutions. Major players such as Palo Alto Networks (US), Fortinet (US), and Trend Micro (JP) are strategically positioned to leverage innovation and regional expansion to capture market share. Palo Alto Networks (US) focuses on advanced threat detection and response capabilities, while Fortinet (US) emphasizes integrated security solutions that cater to diverse business needs. Trend Micro (JP) is enhancing its offerings through partnerships and collaborations, thereby shaping a competitive environment that prioritizes comprehensive security frameworks.The market structure appears moderately fragmented, with a mix of established players and emerging startups. Key business tactics include localizing manufacturing and optimizing supply chains to enhance service delivery. This fragmentation allows for a variety of solutions tailored to specific industry needs, fostering a competitive atmosphere where innovation and customer-centric approaches are paramount.

In October Palo Alto Networks (US) announced a strategic partnership with a leading South Korean telecommunications provider to enhance its cloud security offerings. This collaboration is expected to bolster Palo Alto's presence in the region, enabling it to deliver tailored solutions that address local cybersecurity challenges. The partnership signifies a commitment to localized service and innovation, which may strengthen customer trust and loyalty.

In September Fortinet (US) launched a new AI-driven security platform aimed at small and medium-sized enterprises (SMEs) in South Korea. This initiative reflects Fortinet's strategy to democratize access to advanced cybersecurity tools, potentially expanding its customer base. By focusing on SMEs, Fortinet may tap into a previously underserved market segment, thereby enhancing its competitive positioning.

In August Trend Micro (JP) unveiled a new threat intelligence service specifically designed for the South Korean market. This service aims to provide real-time insights into emerging threats, allowing businesses to proactively defend against cyberattacks. The introduction of this service underscores Trend Micro's commitment to innovation and its understanding of local market dynamics, which could lead to increased market penetration.

As of November current trends in the b2b cybersecurity market include a pronounced shift towards digitalization, AI integration, and sustainability. Strategic alliances are increasingly shaping the competitive landscape, as companies recognize the value of collaboration in addressing complex cybersecurity challenges. Looking ahead, competitive differentiation is likely to evolve, with a greater emphasis on innovation and technology rather than price-based competition. Companies that prioritize supply chain reliability and customer-centric solutions may emerge as leaders in this rapidly changing environment.

Key Companies in the South Korea B2B Cybersecurity Market include

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.

Future Outlook

South Korea B2B Cybersecurity Market Future Outlook

The B2B Cybersecurity Market in South Korea is projected to grow at a 14.62% CAGR from 2025 to 2035, driven by increasing cyber threats and regulatory compliance demands.

New opportunities lie in:

  • Development of AI-driven threat detection systems for real-time response.
  • Expansion of managed security services tailored for SMEs.
  • Integration of blockchain technology for enhanced data security solutions.

By 2035, the b2b cybersecurity market is expected to be robust, reflecting substantial growth and innovation.

Market Segmentation

South Korea B2B Cybersecurity Market Offering Outlook

  • Identity Access Management
  • Compliance & Policy Management
  • Firewall
  • Unified Threat Management (UTM)
  • Encryption & Tokenization
  • Antiware & Malware
  • Services

South Korea B2B Cybersecurity Market Security Type Outlook

  • Network Security
  • End Point Security
  • Email Security
  • Deception Technology
  • Application Technology
  • Wireless Security
  • Others

South Korea B2B Cybersecurity Market Deployment Type Outlook

  • On-Cloud
  • On-Premises

South Korea B2B Cybersecurity Market Industry Vertical Outlook

  • BFSI
  • Manufacturing
  • Healthcare
  • Retail
  • IT & Telecommunications
  • Aerospace & Defense
  • Government
  • Others

South Korea B2B Cybersecurity Market Organization Size Outlook

  • Freelancers or Micro-Organizations (Upto 5 Users)
  • SME's (5 to 200 Users)
  • Large Organizations (More than 200 Users)

Report Scope

MARKET SIZE 2024 193.61(USD Million)
MARKET SIZE 2025 221.92(USD Million)
MARKET SIZE 2035 868.92(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR) 14.62% (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 Palo Alto Networks (US), Fortinet (US), Cisco Systems (US), Check Point Software Technologies (IL), CrowdStrike (US), McAfee (US), Trend Micro (JP), Sophos (GB), FireEye (US)
Segments Covered Offering, Security Type, Deployment Type, Organization Size, Industry Vertical
Key Market Opportunities Integration of artificial intelligence in threat detection enhances resilience in the b2b cybersecurity market.
Key Market Dynamics Rising regulatory pressures drive innovation and competition in the B2B cybersecurity market in South Korea.
Countries Covered South Korea
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FAQs

What is the expected market size of the South Korea B2B Cybersecurity Market in 2024?

The South Korea B2B Cybersecurity Market is expected to be valued at 194.75 million USD in 2024.

What is the projected market size of the South Korea B2B Cybersecurity Market by 2035?

By 2035, the South Korea B2B Cybersecurity Market is projected to reach a valuation of 600.0 million USD.

What is the expected compound annual growth rate (CAGR) for the South Korea B2B Cybersecurity Market from 2025 to 2035?

The South Korea B2B Cybersecurity Market is expected to experience a CAGR of 10.771% from 2025 to 2035.

Which segment of the South Korea B2B Cybersecurity Market is expected to have the largest market value in 2024?

In 2024, the services segment of the South Korea B2B Cybersecurity Market is expected to be valued at 134.75 million USD.

How much is the solution segment of the South Korea B2B Cybersecurity Market expected to be valued in 2035?

The solution segment of the South Korea B2B Cybersecurity Market is projected to reach 220.0 million USD by 2035.

What is the estimated market value of the services segment in 2035?

The services segment of the South Korea B2B Cybersecurity Market is expected to be valued at 380.0 million USD in 2035.

Who are the major players in the South Korea B2B Cybersecurity Market?

Key players include SK Infosec, Samsung SDS, Hanwha Techwin, AhnLab, and LG CNS, among others.

What opportunities are driving the growth of the South Korea B2B Cybersecurity Market?

Increasing cybersecurity threats and the necessity for businesses to protect sensitive data are driving market growth opportunities.

What challenges does the South Korea B2B Cybersecurity Market face currently?

A shortage of skilled professionals and rapidly evolving cyber threats present significant challenges for the market.

What is the impact of the current global scenario on the South Korea B2B Cybersecurity Market?

The current global scenario has heightened awareness about cybersecurity, leading to increased investment in the South Korea B2B Cybersecurity Market.

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