Australia Cybersecurity and MSSP Market

The Australia Cybersecurity and MSSP Market is valued at USD 7.6 billion, with growth fueled by increasing cyber threats, government strategies, and demand for managed services like network and cloud security.

Region:Asia

Author(s):Rebecca

Product Code:KRAB4091

Pages:91

Published On:October 2025

About the Report

Base Year 2024

Australia Cybersecurity and MSSP Market Overview

  • The Australia Cybersecurity and MSSP Market is valued at USD 7.6 billion, based on a five-year historical analysis. This growth is primarily driven by the increasing frequency and sophistication of cyber threats, heightened regulatory compliance requirements, and the rapid adoption of digital transformation initiatives across sectors. Organizations are investing heavily in advanced cybersecurity solutions to protect sensitive data, ensure business continuity, and maintain customer trust. Key market trends include the adoption of AI-based threat detection, zero-trust architecture, and cloud security solutions, as well as a surge in demand for managed security services due to the complexity of the threat landscape .
  • Key players in this market include Sydney, Melbourne, and Brisbane, which dominate due to their status as major business hubs with a high concentration of technology firms and financial institutions. The presence of skilled talent, robust digital infrastructure, and significant investment in cybersecurity innovation further solidifies their leadership in the national cybersecurity landscape .
  • In 2023, the Australian government implemented the Australian Cyber Security Strategy 2023, issued by the Department of Home Affairs. This binding instrument outlines a commitment of AUD 1.67 billion over four years to enhance national cybersecurity resilience, support businesses in adopting best practices, and strengthen incident response mechanisms across critical sectors. The strategy mandates operational standards for critical infrastructure, sector-specific risk management programs, and increased public-private collaboration .
Australia Cybersecurity and MSSP Market Size

Australia Cybersecurity and MSSP Market Segmentation

By Solution Type:

Australia Cybersecurity and MSSP Market segmentation by Solution Type.

The solution type segmentation of the Australia Cybersecurity and MSSP Market includes various subsegments such as Network Security, Endpoint Security, Application Security, Cloud Security, Data Security, Identity and Access Management (IAM), Infrastructure Protection, Integrated Risk Management, and Other Solution Types. Among these, Network Security is the leading subsegment, driven by the increasing need to protect networks from unauthorized access and advanced cyber threats. Organizations are prioritizing investments in network security solutions to safeguard their infrastructure and data, reflecting a growing awareness of the importance of cybersecurity in maintaining operational integrity. The market also shows robust growth in cloud security and IAM, reflecting the shift to remote work and cloud-based environments .

By Service Type:

Australia Cybersecurity and MSSP Market segmentation by Service Type.

The service type segmentation encompasses Professional Services, Managed Security Services (MSS), Incident Response Services, Training and Awareness Services, and Other Services. Managed Security Services (MSS) is the dominant subsegment, as organizations increasingly outsource their cybersecurity needs to specialized providers. This trend is fueled by the complexity of cyber threats, the need for continuous monitoring and rapid response, and a shortage of in-house cybersecurity expertise. Professional services and incident response are also growing, driven by regulatory requirements and the need for rapid risk mitigation .

Australia Cybersecurity and MSSP Market Competitive Landscape

The Australia Cybersecurity and MSSP Market is characterized by a dynamic mix of regional and international players. Leading participants such as Telstra Corporation Limited, Optus Business, CyberCX, Tesserent Limited, Secureworks, Trustwave, IBM Security, Palo Alto Networks, Fortinet, Cisco Systems, Check Point Software Technologies, CrowdStrike, McAfee, Trend Micro, Splunk contribute to innovation, geographic expansion, and service delivery in this space.

Telstra Corporation Limited

1975

Melbourne, Australia

Optus Business

1992

Macquarie Park, Australia

CyberCX

2019

Melbourne, Australia

Tesserent Limited

2016

Melbourne, Australia

Secureworks

1999

Atlanta, USA

Company

Establishment Year

Headquarters

Company Size (Large, Medium, Small)

Annual Revenue (AUD/USD)

Revenue Growth Rate (%)

Number of Clients (Australia)

Market Share (%)

Customer Retention Rate (%)

Australia Cybersecurity and MSSP Market Industry Analysis

Growth Drivers

  • Increasing Cyber Threats:The Australian Cyber Security Centre reported over76,000 cybercrime incidentsin the most recent reporting period, representing a continued increase in cyber threats. This surge has prompted organizations to invest heavily in cybersecurity measures. The estimated cost of cybercrime to the Australian economy is approximatelyAUD 33 billion, highlighting the urgent need for robust cybersecurity solutions to protect sensitive data and infrastructure.
  • Regulatory Compliance Requirements:Australia’s regulatory landscape is becoming increasingly stringent, with the introduction of the Notifiable Data Breaches Scheme and the Privacy Act amendments. In future, compliance costs for businesses are expected to rise by 20%, reachingAUD 1.5 billion. Organizations are compelled to adopt comprehensive cybersecurity frameworks to meet these regulations, driving demand for managed security services and solutions.
  • Rising Demand for Cloud Security Solutions:The Australian cloud services market is valued at approximatelyAUD 15 billion, driven by the increasing adoption of cloud technologies. As businesses migrate to cloud environments, the demand for cloud security solutions is surging. In future,70%of Australian organizations reported prioritizing cloud security investments, reflecting a shift towards securing cloud-based assets against evolving cyber threats.

Market Challenges

  • Shortage of Skilled Cybersecurity Professionals:The Australian cybersecurity workforce is facing a significant skills gap, with an estimated shortage ofover 25,000 professionalsin the most recent period. The Australian government has allocatedAUD 50 millionto address this issue through training and education initiatives, but the demand for skilled professionals continues to outpace supply.
  • High Costs of Cybersecurity Solutions:The average annual expenditure on cybersecurity solutions for Australian businesses is projected to reachAUD 1.2 millionin future. The high costs associated with advanced security technologies and services can deter small and medium enterprises (SMEs) from investing adequately in cybersecurity. This financial barrier poses a challenge to achieving comprehensive protection against cyber threats across various sectors.

Australia Cybersecurity and MSSP Market Future Outlook

The future of the Australia cybersecurity and MSSP market is poised for significant transformation, driven by technological advancements and evolving threat landscapes. As organizations increasingly adopt zero trust security models and integrate cybersecurity with IT operations, the demand for innovative solutions will rise. Additionally, the growing emphasis on data privacy and protection will further shape the market, compelling businesses to enhance their cybersecurity frameworks and invest in advanced technologies to mitigate risks effectively.

Market Opportunities

  • Expansion of Managed Security Service Providers (MSSPs):The MSSP market in Australia is expected to grow significantly, with an estimated increase in service providers by25%in future. This expansion presents opportunities for businesses to leverage outsourced expertise, enhancing their cybersecurity posture while managing costs effectively.
  • Increased Investment in Cybersecurity Startups:Venture capital investment in Australian cybersecurity startups reachedAUD 300 millionin the most recent period, reflecting a growing interest in innovative security solutions. This trend is expected to continue, fostering the development of cutting-edge technologies that address emerging cyber threats and enhance overall security resilience.

Scope of the Report

SegmentSub-Segments
By Solution Type

Network Security

Endpoint Security

Application Security

Cloud Security

Data Security

Identity and Access Management (IAM)

Infrastructure Protection

Integrated Risk Management

Other Solution Types

By Service Type

Professional Services

Managed Security Services (MSS)

Incident Response Services

Training and Awareness Services

Other Services

By Deployment Mode

On-Premises

Cloud-Based

Hybrid

By Organization Size

Small and Medium Enterprises (SMEs)

Large Enterprises

By End-User Industry

Banking, Financial Services, and Insurance (BFSI)

Government & Defense

Healthcare

IT & Telecommunications

Retail

Energy & Utilities

Manufacturing

Others

By Region

New South Wales

Victoria

Queensland

Western Australia

South Australia

Tasmania

Northern Territory

Australian Capital Territory

Others

Key Target Audience

Investors and Venture Capitalist Firms

Government and Regulatory Bodies (e.g., Australian Cyber Security Centre, Office of the Australian Information Commissioner)

Telecommunications Providers

Financial Institutions

Healthcare Organizations

Critical Infrastructure Operators

Large Enterprises and Corporations

Insurance Companies

Players Mentioned in the Report:

Telstra Corporation Limited

Optus Business

CyberCX

Tesserent Limited

Secureworks

Trustwave

IBM Security

Palo Alto Networks

Fortinet

Cisco Systems

Check Point Software Technologies

CrowdStrike

McAfee

Trend Micro

Splunk

Table of Contents

Market Assessment Phase

1. Executive Summary and Approach


2. Australia Cybersecurity and MSSP Market Overview

2.1 Key Insights and Strategic Recommendations

2.2 Australia Cybersecurity and MSSP Market Overview

2.3 Definition and Scope

2.4 Evolution of Market Ecosystem

2.5 Timeline of Key Regulatory Milestones

2.6 Value Chain & Stakeholder Mapping

2.7 Business Cycle Analysis

2.8 Policy & Incentive Landscape


3. Australia Cybersecurity and MSSP Market Analysis

3.1 Growth Drivers

3.1.1 Increasing Cyber Threats
3.1.2 Regulatory Compliance Requirements
3.1.3 Rising Demand for Cloud Security Solutions
3.1.4 Growth of Remote Work and Digital Transformation

3.2 Market Challenges

3.2.1 Shortage of Skilled Cybersecurity Professionals
3.2.2 High Costs of Cybersecurity Solutions
3.2.3 Rapidly Evolving Threat Landscape
3.2.4 Complexity of Integration with Existing Systems

3.3 Market Opportunities

3.3.1 Expansion of Managed Security Service Providers (MSSPs)
3.3.2 Increased Investment in Cybersecurity Startups
3.3.3 Development of AI and Machine Learning in Security
3.3.4 Growing Awareness of Cybersecurity Among SMEs

3.4 Market Trends

3.4.1 Adoption of Zero Trust Security Models
3.4.2 Integration of Cybersecurity with IT Operations
3.4.3 Rise of Cyber Insurance
3.4.4 Focus on Data Privacy and Protection

3.5 Government Regulation

3.5.1 Australian Cyber Security Strategy
3.5.2 Notifiable Data Breaches Scheme
3.5.3 Essential Eight Cybersecurity Framework
3.5.4 Privacy Act Amendments

4. SWOT Analysis


5. Stakeholder Analysis


6. Porter's Five Forces Analysis


7. Australia Cybersecurity and MSSP Market Market Size, 2019-2024

7.1 By Value

7.2 By Volume

7.3 By Average Selling Price


8. Australia Cybersecurity and MSSP Market Segmentation

8.1 By Solution Type

8.1.1 Network Security
8.1.2 Endpoint Security
8.1.3 Application Security
8.1.4 Cloud Security
8.1.5 Data Security
8.1.6 Identity and Access Management (IAM)
8.1.7 Infrastructure Protection
8.1.8 Integrated Risk Management
8.1.9 Other Solution Types

8.2 By Service Type

8.2.1 Professional Services
8.2.2 Managed Security Services (MSS)
8.2.3 Incident Response Services
8.2.4 Training and Awareness Services
8.2.5 Other Services

8.3 By Deployment Mode

8.3.1 On-Premises
8.3.2 Cloud-Based
8.3.3 Hybrid

8.4 By Organization Size

8.4.1 Small and Medium Enterprises (SMEs)
8.4.2 Large Enterprises

8.5 By End-User Industry

8.5.1 Banking, Financial Services, and Insurance (BFSI)
8.5.2 Government & Defense
8.5.3 Healthcare
8.5.4 IT & Telecommunications
8.5.5 Retail
8.5.6 Energy & Utilities
8.5.7 Manufacturing
8.5.8 Others

8.6 By Region

8.6.1 New South Wales
8.6.2 Victoria
8.6.3 Queensland
8.6.4 Western Australia
8.6.5 South Australia
8.6.6 Tasmania
8.6.7 Northern Territory
8.6.8 Australian Capital Territory
8.6.9 Others

9. Australia Cybersecurity and MSSP Market Competitive Analysis

9.1 Market Share of Key Players

9.2 Cross Comparison of Key Players

9.2.1 Company Name
9.2.2 Company Size (Large, Medium, Small)
9.2.3 Annual Revenue (AUD/USD)
9.2.4 Revenue Growth Rate (%)
9.2.5 Number of Clients (Australia)
9.2.6 Market Share (%)
9.2.7 Customer Retention Rate (%)
9.2.8 Average Deal Size (AUD/USD)
9.2.9 Market Penetration Rate (%)
9.2.10 Pricing Model (Subscription, Pay-As-You-Go, etc.)
9.2.11 Service Level Agreement (SLA) Compliance (%)
9.2.12 Customer Satisfaction Score (NPS or equivalent)
9.2.13 Innovation Index (Patents, R&D Spend, Product Launches)
9.2.14 Local Data Residency/Compliance Coverage
9.2.15 Incident Response Time (Average, in hours)

9.3 SWOT Analysis of Top Players

9.4 Pricing Analysis

9.5 Detailed Profile of Major Companies

9.5.1 Telstra Corporation Limited
9.5.2 Optus Business
9.5.3 CyberCX
9.5.4 Tesserent Limited
9.5.5 Secureworks
9.5.6 Trustwave
9.5.7 IBM Security
9.5.8 Palo Alto Networks
9.5.9 Fortinet
9.5.10 Cisco Systems
9.5.11 Check Point Software Technologies
9.5.12 CrowdStrike
9.5.13 McAfee
9.5.14 Trend Micro
9.5.15 Splunk

10. Australia Cybersecurity and MSSP Market End-User Analysis

10.1 Procurement Behavior of Key Ministries

10.1.1 Key Decision-Making Processes
10.1.2 Budget Allocation Trends
10.1.3 Preferred Procurement Channels

10.2 Corporate Spend on Infrastructure & Energy

10.2.1 Investment Priorities
10.2.2 Budget Trends in Cybersecurity
10.2.3 Impact of Cybersecurity on Overall Spend

10.3 Pain Point Analysis by End-User Category

10.3.1 Common Security Challenges
10.3.2 Compliance and Regulatory Issues
10.3.3 Resource Constraints

10.4 User Readiness for Adoption

10.4.1 Awareness Levels
10.4.2 Training and Skill Gaps
10.4.3 Technology Adoption Rates

10.5 Post-Deployment ROI and Use Case Expansion

10.5.1 Measurement of ROI
10.5.2 Use Case Expansion Opportunities
10.5.3 Long-Term Value Realization

11. Australia Cybersecurity and MSSP Market Future Size, 2025-2030

11.1 By Value

11.2 By Volume

11.3 By Average Selling Price


Go-To-Market Strategy Phase

1. Whitespace Analysis + Business Model Canvas

1.1 Market Gaps Identification

1.2 Business Model Framework


2. Marketing and Positioning Recommendations

2.1 Branding Strategies

2.2 Product USPs


3. Distribution Plan

3.1 Urban Retail Strategies

3.2 Rural NGO Tie-Ups


4. Channel & Pricing Gaps

4.1 Underserved Routes

4.2 Pricing Bands


5. Unmet Demand & Latent Needs

5.1 Category Gaps

5.2 Consumer Segments


6. Customer Relationship

6.1 Loyalty Programs

6.2 After-Sales Service


7. Value Proposition

7.1 Sustainability

7.2 Integrated Supply Chains


8. Key Activities

8.1 Regulatory Compliance

8.2 Branding

8.3 Distribution Setup


9. Entry Strategy Evaluation

9.1 Domestic Market Entry Strategy

9.1.1 Product Mix
9.1.2 Pricing Band
9.1.3 Packaging

9.2 Export Entry Strategy

9.2.1 Target Countries
9.2.2 Compliance Roadmap

10. Entry Mode Assessment

10.1 Joint Ventures

10.2 Greenfield Investments

10.3 Mergers & Acquisitions

10.4 Distributor Model


11. Capital and Timeline Estimation

11.1 Capital Requirements

11.2 Timelines


12. Control vs Risk Trade-Off

12.1 Ownership vs Partnerships


13. Profitability Outlook

13.1 Breakeven Analysis

13.2 Long-Term Sustainability


14. Potential Partner List

14.1 Distributors

14.2 Joint Ventures

14.3 Acquisition Targets


15. Execution Roadmap

15.1 Phased Plan for Market Entry

15.1.1 Market Setup
15.1.2 Market Entry
15.1.3 Growth Acceleration
15.1.4 Scale & Stabilize

15.2 Key Activities and Milestones

15.2.1 Milestone Planning
15.2.2 Activity Tracking

Research Methodology

ApproachModellingSample

Phase 1: Approach1

Desk Research

  • Analysis of industry reports from Australian cybersecurity associations and government publications
  • Review of market trends and forecasts from reputable cybersecurity research firms
  • Examination of white papers and case studies from Managed Security Service Providers (MSSPs) operating in Australia

Primary Research

  • Interviews with cybersecurity experts and analysts from leading MSSPs
  • Surveys targeting IT security managers and decision-makers in various sectors
  • Focus groups with end-users to understand cybersecurity needs and challenges

Validation & Triangulation

  • Cross-validation of findings through multiple data sources, including industry reports and expert opinions
  • Triangulation of quantitative data with qualitative insights from interviews
  • Sanity checks through feedback from a panel of cybersecurity professionals

Phase 2: Market Size Estimation1

Top-down Assessment

  • Estimation of total cybersecurity spending in Australia based on national IT budgets
  • Segmentation of the market by industry verticals such as finance, healthcare, and government
  • Incorporation of growth rates from emerging cybersecurity trends and technologies

Bottom-up Modeling

  • Data collection on service pricing and offerings from key MSSPs in the Australian market
  • Estimation of market share based on the number of clients and service contracts
  • Volume x pricing analysis to derive revenue estimates for various service categories

Forecasting & Scenario Analysis

  • Multi-factor regression analysis incorporating factors such as cyber threat landscape and regulatory changes
  • Scenario modeling based on potential shifts in technology adoption and market dynamics
  • Development of baseline, optimistic, and pessimistic forecasts through 2028

Phase 3: CATI Sample Composition1

Scope Item/SegmentSample SizeTarget Respondent Profiles
Financial Services Cybersecurity100IT Security Managers, Compliance Officers
Healthcare Data Protection80Chief Information Officers, Data Privacy Officers
Government Cybersecurity Initiatives70Cybersecurity Policy Makers, IT Directors
Retail Sector Cyber Threat Management50IT Managers, Risk Management Officers
Manufacturing Cyber Resilience40IT Infrastructure Leads, Operations Managers

Frequently Asked Questions

What is the current value of the Australia Cybersecurity and MSSP Market?

The Australia Cybersecurity and MSSP Market is valued at approximately USD 7.6 billion, reflecting significant growth driven by increasing cyber threats, regulatory compliance, and digital transformation initiatives across various sectors.

What are the key drivers of growth in the Australia Cybersecurity Market?

Which cities are the major hubs for cybersecurity in Australia?

What is the Australian Cyber Security Strategy 2023?

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