The E-commerce Security Market Size is valued at USD 171.7 billion in 2023 and is predicted to reach USD 472.2 billion by the year 2031 at a 13.7% CAGR during the forecast period for 2024-2031.
E-commerce security is the preventive activities and systems put in place to guard online stores and transactions against cyber risks, including fraud, data breaches, and hacking, thereby preserving user confidence in online commerce and the integrity and confidentiality of user data. The expansion of internet and mobile device penetration, the rising popularity of shopping on online platform as a result of its ease and extensive product variety, and the development of better payment and shipping services are the main factors propelling the e-commerce security industry forward. Further factors fueling the market’s meteoric rise and worldwide expansion include rising consumer awareness of data privacy and growing threats.
Moreover, the growth of E-commerce security in this sector is being driven by government initiatives and investments in security technology. In addition, the market is anticipated to be propelled by increased government investments in research & development to optimize better e-commerce market growth.
However, the market growth is hindered by obstacles such as data privacy worries, expensive implementation expenses, a shortage of trained experts, and problems with regulation and compliance. Additionally, the industry for e-commerce security was greatly impacted by the COVID-19 epidemic because it hastened the transition to online purchasing, making people more susceptible to cyberattacks. In order to safeguard growing online transactions and consumer data from increasing cyberattacks, this change required stronger security measures. Moreover, global markets expanded during the coming years due to technological developments, widespread adoption of digital platforms, and enhanced government operations cybersecurity by detecting and responding to threats.
The E-commerce security market is segmented based on type, application, solution, and end-user. Based on type, the market is segmented into network security, application security, endpoint security, cloud security, and payment security. The application category is segmented into retail, travel & tourism, healthcare, banking & financial services, and government. By solution, the market is segmented into intrusion detection systems (IDS), encryption, firewalls, multi-factor authentication (MFA), and anti-malware solutions. By end-users, the market is segmented into B2B and B2C.
The cloud security E-commerce security market is expected to lead with a remarkable global market share because e-commerce platforms have widely adopted cloud computing. The need for scalable, adaptable, and reasonably priced security solutions that can effectively shield cloud data and transactions from growing cyber threats and breaches is driving this expansion. Additionally, government processes are being modernized with the help of e-commerce, which is driven by the need to handle increasing data volume, the requirement for digital transformation, and the industry's overall market growth.
The banking & financial services segment is projected to grow rapidly in the global E-commerce security market because of the growing number of financial transactions conducted online and the urgent necessity to safeguard private financial information. Additionally, the need for strong security solutions to stop fraud, data breaches, and other security issues is growing as cyber threats change. Additionally, the industry’s adoption of advanced security solutions is driven by regulatory compliance requirements. This boosts their efficiency and competitiveness in the market, especially in countries like the US, Germany, the UK, China, and India.
The North American E-commerce security market is expected to register the highest market share in comming years. This is a result of stricter data privacy laws, more cyber threats, favorable regulations, and an increase in online buying. Furthermore, the region's top security solution suppliers help to propel market growth further. In addition, Europe is projected to grow very fast in the E-commerce security market because of rising internet usage, rising consciousness of cybersecurity risks, stronger regional regulatory frameworks, and an increase in e-commerce activity, and the trend toward digitalization will boost the market's growth.
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Report Attribute |
Specifications |
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Market Size Value In 2023 |
USD 171.7 Bn |
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Revenue Forecast In 2031 |
USD 472.2 Bn |
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Growth Rate CAGR |
CAGR of 13.7% from 2024 to 2031 |
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Quantitative Units |
Representation of revenue in US$ Bn and CAGR from 2024 to 2031 |
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Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Type, Application, Solution, And End-User. |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
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Competitive Landscape |
Symantec (Norton E-commerce Security), McAfee (McAfee E-commerce Security), IBM Security (IBM QRadar), Cisco Systems (Cisco Web Security), Check Point (Check Point Threat Prevention), Fortinet (Fortinet FortiWeb), Palo Alto Networks (Palo Alto Networks Next-Generation Firewall), F5 Networks (F5 BIG-IP), Akamai Technologies (Akamai Web Security), VeriSign (VeriSign Trust Seal), Entrust (Entrust SSL/TLS), GlobalSign (GlobalSign SSL/TLS), DigiCert (DigiCert SSL/TLS), Comodo (Comodo SSL/TLS), and Trustwave (Trustwave Secure Web Gateway). |
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Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global E-Commerce Security Market Snapshot
Chapter 4. Global E-Commerce Security Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Porter's Five Forces Analysis
4.7. Incremental Opportunity Analysis (US$ MN), 2024-2031
4.8. Global E-Commerce Security Market Penetration & Growth Prospect Mapping (US$ Mn), 2023-2031
4.9. Competitive Landscape & Market Share Analysis, By Key Player (2023)
4.10. Use/impact of AI on E-Commerce Security Industry Trends
Chapter 5. E-Commerce Security Market Segmentation 1: By Type, Estimates & Trend Analysis
5.1. Market Share by Type, 2023 & 2031
5.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following Type:
5.2.1. Network Security
5.2.2. Application Security
5.2.3. Endpoint Security
5.2.4. Cloud Security
5.2.5. Payment Security
Chapter 6. E-Commerce Security Market Segmentation 2: By Application, Estimates & Trend Analysis
6.1. Market Share by Application, 2023 & 2031
6.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following Applications:
6.2.1. Retail
6.2.2. Travel & Tourism
6.2.3. Healthcare
6.2.4. Banking & Financial Services
6.2.5. Government
Chapter 7. E-Commerce Security Market Segmentation 3: By Solution, Estimates & Trend Analysis
7.1. Market Share by Solution, 2023 & 2031
7.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following Solutions:
7.2.1. Intrusion Detection Systems (IDS)
7.2.2. Encryption
7.2.3. Firewalls
7.2.4. Multi-Factor Authentication (MFA)
7.2.5. Anti-Malware Solutions
Chapter 8. E-Commerce Security Market Segmentation 4: By End User, Estimates & Trend Analysis
8.1. Market Share by End User, 2023 & 2031
8.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following End Users:
8.2.1. B2B
8.2.2. B2C
Chapter 9. E-Commerce Security Market Segmentation 5: Regional Estimates & Trend Analysis
9.1. Global E-Commerce Security Market, Regional Snapshot 2023 & 2031
9.2. North America
9.2.1. North America E-Commerce Security Market Revenue (US$ Million) Estimates and Forecasts by Country, 2024-2031
9.2.1.1. US
9.2.1.2. Canada
9.2.2. North America E-Commerce Security Market Revenue (US$ Million) Estimates and Forecasts by Type, 2024-2031
9.2.3. North America E-Commerce Security Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
9.2.4. North America E-Commerce Security Market Revenue (US$ Million) Estimates and Forecasts by Solution, 2024-2031
9.2.5. North America E-Commerce Security Market Revenue (US$ Million) Estimates and Forecasts by End User, 2024-2031
9.3. Europe
9.3.1. Europe E-Commerce Security Market Revenue (US$ Million) Estimates and Forecasts by Country, 2024-2031
9.3.1.1. Germany
9.3.1.2. U.K.
9.3.1.3. France
9.3.1.4. Italy
9.3.1.5. Spain
9.3.1.6. Rest of Europe
9.3.2. Europe E-Commerce Security Market Revenue (US$ Million) Estimates and Forecasts by Type, 2024-2031
9.3.3. Europe E-Commerce Security Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
9.3.4. Europe E-Commerce Security Market Revenue (US$ Million) Estimates and Forecasts by Solution, 2024-2031
9.3.5. Europe E-Commerce Security Market Revenue (US$ Million) Estimates and Forecasts by End User, 2024-2031
9.4. Asia Pacific
9.4.1. Asia Pacific E-Commerce Security Market Revenue (US$ Million) Estimates and Forecasts by Country, 2024-2031
9.4.1.1. India
9.4.1.2. China
9.4.1.3. Japan
9.4.1.4. Australia
9.4.1.5. South Korea
9.4.1.6. Hong Kong
9.4.1.7. Southeast Asia
9.4.1.8. Rest of Asia Pacific
9.4.2. Asia Pacific E-Commerce Security Market Revenue (US$ Million) Estimates and Forecasts by Type, 2024-2031
9.4.3. Asia Pacific E-Commerce Security Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
9.4.4. Asia Pacific E-Commerce Security Market Revenue (US$ Million) Estimates and Forecasts By Solution, 2024-2031
9.4.5. Asia Pacific E-Commerce Security Market Revenue (US$ Million) Estimates and Forecasts by End User, 2024-2031
9.5. Latin America
9.5.1. Latin America E-Commerce Security Market Revenue (US$ Million) Estimates and Forecasts by Country, 2024-2031
9.5.1.1. Brazil
9.5.1.2. Mexico
9.5.1.3. Rest of Latin America
9.5.2. Latin America E-Commerce Security Market Revenue (US$ Million) Estimates and Forecasts by Type, 2024-2031
9.5.3. Latin America E-Commerce Security Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
9.5.4. Latin America E-Commerce Security Market Revenue (US$ Million) Estimates and Forecasts by Solution, 2024-2031
9.5.5. Latin America E-Commerce Security Market Revenue (US$ Million) Estimates and Forecasts by End User, 2024-2031
9.6. Middle East & Africa
9.6.1. Middle East & Africa E-Commerce Security Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031
9.6.1.1. GCC Countries
9.6.1.2. Israel
9.6.1.3. South Africa
9.6.1.4. Rest of Middle East and Africa
9.6.2. Middle East & Africa E-Commerce Security Market Revenue (US$ Million) Estimates and Forecasts by Type, 2024-2031
9.6.3. Middle East & Africa E-Commerce Security Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
9.6.4. Middle East & Africa E-Commerce Security Market Revenue (US$ Million) Estimates and Forecasts by Solution, 2024-2031
9.6.5. Middle East & Africa E-Commerce Security Market Revenue (US$ Million) Estimates and Forecasts by End User, 2024-2031
Chapter 10. Competitive Landscape
10.1. Major Mergers and Acquisitions/Strategic Alliances
10.2. Company Profiles
10.2.1. Symantec
10.2.1.1. Business Overview
10.2.1.2. Key Product/Service Offerings
10.2.1.3. Financial PerTypeance
10.2.1.4. Geographical Presence
10.2.1.5. Recent Developments with Business Strategy
10.2.2. McAfee
10.2.3. IBM Security
10.2.4. Cisco Systems
10.2.5. Check Point
10.2.6. Fortinet
10.2.7. Palo Alto Networks
10.2.8. F5 Networks
10.2.9. Akamai Technologies
10.2.10. VeriSign
10.2.11. Entrust
10.2.12. GlobalSign
10.2.13. DigiCert
10.2.14. Comodo
10.2.15. Trustwave
10.2.15. Other Market Players
E-commerce Security Market By Type-
E-commerce Security Market By Application-
E-commerce Security Market By Solution-
E-commerce Security Market By End-User-
E-commerce Security Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
