The Ukrainian cybersecurity market has grown to $138M and will increase by another 50%.

The Ukrainian cybersecurity market’s volume has grown by 300% over the past eight years, and in 2024 it amounted to $138B and will grow by another 50% over the next five years to reach $209M.

The key segment of the Ukrainian cybersecurity market is network security. However, cloud security, data protection, and endpoint protection demonstrate the fastest growth. The Ukrainian market’s main driving forces are implementing digital solutions for businesses and the public sector, constant Russian cyberattacks, increasing use of AI, and market stimulation by international technical assistance programs.

It is noted that Ukraine is a global market trendsetter that is ahead of other countries in cyber expertise. The security services segment currently dominates the global cybersecurity market, with a 53% share in 2024, while the Ukrainian market is dominated by cyber solutions with a 57% share.

Ukraine’s market leadership stems from military factors – the war increased the number and complexity of cyberattacks on Ukraine, which led to the rapid implementation of automated systems that require less human intervention.