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    South Korea B2B Cybersecurity Market

    ID: MRFR/ICT/57229-HCR
    200 Pages
    Aarti Dhapte
    October 2025

    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 Infographic
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    South Korea B2B Cybersecurity Market Summary

    As per MRFR 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 14.62% 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)

    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)

    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

    South Korea B2B Cybersecurity Market Segment Insights

    South Korea B2B Cybersecurity Market Segment Insights

    B2B Cybersecurity Market Offering 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. 

    B2B Cybersecurity Market Security Type Insights

    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

    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

    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

    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.

    Get more detailed insights about South Korea B2B Cybersecurity Market

    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 2025, 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 2025, 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 2025, 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 2025, 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 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 2024 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% (2024 - 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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