How big is the Nigeria Cybersecurity Market?

The Nigeria Cybersecurity Market size is expected to reach USD 207.80 million in 2024 and grow at a CAGR of 10.70% to reach USD 345.43 million by 2029. Read More

What is the current Nigeria Cybersecurity Market size?

In 2024, the Nigeria Cybersecurity Market size is expected to reach USD 207.80 million. Read More

Who are the key players in Nigeria Cybersecurity Market?

IBM Corporation, Microsoft Corporation, CyberSOC Africa, Ethnos Cyber Limited and CyberDome are the major companies operating in the Nigeria Cybersecurity Market. Read More

What years does this Nigeria Cybersecurity Market cover, and what was the market size in 2023?

In 2023, the Nigeria Cybersecurity Market size was estimated at USD 185.57 million. The report covers the Nigeria Cybersecurity Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Nigeria Cybersecurity Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Nigeria Cybersecurity Market Size & Share Analysis - Industry Research Report

Nigeria Cybersecurity Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Nigeria Cybersecurity Market Report is Segmented by Offering (Solutions, (application Security, Cloud Security, Consumer Security Software, Data Security, Identity and Access Management, Infrastructure Protection, Integrated Risk Management, Network Security Equipment, Other Solutions), Services (Professional Services, Managed Services)), Deployment (Cloud, On-Premise), End User (IT and Telecom, BFSI, Retail and E-Commerce, Oil, Gas, and Energy, Manufacturing, Government and Defense, Other End Users). The Market Sizes and Forecasts are Provided in Terms of Value in USD for all the Above-Mentioned Segments.

Nigeria Cybersecurity Industry Overview

The Nigerian cybersecurity market is semi-consolidated as several key players and new entrants form a competitive landscape, accounting for a substantial market share. In addition, strategic partnerships, acquisitions, and new launches of products/technologies are increasing rivalry in the market.

June 2024: Flutterwave, Africa's premier payments technology firm, announced a collaboration with Nigeria's Economic and Financial Crimes Commission (EFCC) to spearhead the creation of a cutting-edge Cybercrime Research Center. This joint effort is designed to bolster the nation's cybersecurity, combat online crimes, and offer valuable opportunities to Nigeria's youth.
April 2024: SHELT, a prominent cybersecurity solutions provider, unveiled its latest business unit in Nigeria—SHELT System Integration (SHELT SI). With a robust track record of six years, particularly in bolstering Nigeria's financial, telecom, and governmental sectors, SHELT is poised to spearhead Nigeria's digital evolution. This new business unit will operate under Cyber Immune Limited, a subsidiary of SHELT.