Which sector is driving the market growth?

Cybersecurity is the main driver, fueled by rising threats, AI, and regulation.

How do companies like Palo Alto Networks and Fortinet benefit?

These companies benefit from increased cybersecurity spending, reflected in their revenue growth.

What factors did UBS cite for the upgraded forecast?

Rising cyber threats, the rise of AI, and tighter regulation.

UBS Raises Security and Safety Market Forecast to $1.19 Trillion by 2029

UBS raised its global security and safety market forecast to $1.19 trillion by 2029, led by cybersecurity, citing increasing cyber threats, the rise of artificial intelligence, and tighter regulation.

June 27, 2026

1 min read

Source: Investing.com

Key Numbers

market size 2029

1.19 trillion

forecast year

2029

UBS raised its outlook for the global security and safety market, projecting it will reach $1.19 trillion by 2029, driven by cybersecurity. The bank cited growing cyber threats, the rise of artificial intelligence, and tighter regulation as key growth drivers.

Details

Analysts at UBS noted that spending on cybersecurity will accelerate over the coming years due to:

Rising cyber threats: Increasing attacks on corporations and governments.
Artificial intelligence: AI is being used in both attacks and defenses, demanding advanced solutions.
Regulation: Laws like GDPR and CCPA are raising compliance requirements.

Context

The cybersecurity market is one of the fastest-growing tech sectors. Companies such as Palo Alto Networks (PANW) and Fortinet (FTNT) are benefiting from this trend, reporting strong revenue growth.

What This Means for Investors

The forecast points to promising investment opportunities in cybersecurity, though investors should consider intense competition and high valuations for some stocks.

Frequently Asked Questions

UBS expects the global security and safety market to reach $1.19 trillion by 2029.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.