$1.9bn
$XXX.Xm
6,775
1,396
$XXX.Xm
The rapid expansion of the Australian IT sector has generated high demand for cybersecurity software services. With digitalisation and the increased reliance on technologies like cloud services and IoT, advanced cybersecurity measures have moved from being optional to mandatory. Large multinational companies dominate the industry, especially in offering antivirus software, although local providers are innovating to stay competitive. Many providers are applying AI-enhanced managed cybersecurity response systems to pre-emptively identify and mitigate suspicious activities to gain a competitive edge. Recent high-profile data breaches, like those at Medibank and Optus, have emphasised the necessity for such advanced measures, incentivising businesses to invest in cybersecurity solutions. Revenue is expected to climb by 2.1% to $1.9 billion in the current year, constituting an annualised 2.3% growth over the five years through 2023-24.
Industry revenue has grown at a CAGR of 2.3 % over the past five years, to reach an estimated $1.9bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
Data#3 | 423.3 | |
Trend Micro Australia | 209.1 | |
Accenture Australia | 205.2 |
To view the market share and analysis for all 12 top companies in this industry, view purchase options.
Industry revenue is measured across several distinct product and services lines, including Antivirus software, VPN services and Authentication and data encryption . Antivirus software is the largest segment of the Cybersecurity Software Services in Australia.
Cybersecurity concerns and new technology amplify demand for antivirus software
Cybersecurity software providers offer a variety of cybersecurity software solutions, like antivirus, virtual private networks and two-factor authentication. Cybersecurity consulting services, like procuring secure hardware and training personnel on cyber safety, are not included in the industry.
Purchase this report to view all 12 major companies in this industry.
ANZSIC 7000 - Cybersecurity Software Services in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Australia's booming IT sector and high-profile data breaches have heightened the need for advanced cybersecurity measures. This surge in demand is driving significant growth ...
Learn about an industry's products and services, markets and trends in international trade.
Evolving cyber threats and advanced technologies have amplified the critical role of antivirus software in managing cybersecurity risks. This has spurred providers to enhance...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Cybersecurity software providers are predominantly located in New South Wales, Victoria and Queensland, mirroring Australia's economic and population distribution. The need f...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Price, quality and service range are the main factors that providers compete on. Providers that have affordable, high-quality and diverse services gain more clients.
Learn about the performance of the top companies in the industry.
Data#3 is transitioning towards a service-oriented model, focusing on managed services and strengthened partnerships to deliver advanced solutions. This strategic shift aims ...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The enactment of the Security of Critical Infrastructure Act 2018 has necessitated enhanced threat management in critical sectors. This has escalated demand for cybersecurity...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Digital transformation and shifts towards recurring revenue models have fuelled significant profitability increases in the cybersecurity industry. Expansion in service offeri...
Including values and annual change:
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Australia include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Unlock comprehensive answers and precise data upon purchase. View purchase options.
The market size of the Cybersecurity Software Services industry in Australia is $1.9bn in 2024.
There are 1,396 businesses in the Cybersecurity Software Services industry in Australia, which has grown at a CAGR of 5.8 % between 2019 and 2024.
The market size of the Cybersecurity Software Services industry in Australia has been growing at a CAGR of 2.3 % between 2019 and 2024.
Over the next five years, the Cybersecurity Software Services industry in Australia is expected to grow.
The biggest companies operating in the Cybersecurity Software Services market in Australia are Data#3, Trend Micro Australia and Accenture Australia
Antivirus software development and Virtual private network operation are part of the Cybersecurity Software Services industry.
The company holding the most market share in Australia is Data#3.
The level of competition is moderate and steady in the Cybersecurity Software Services industry in Australia.