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Ukraine’s Cybersecurity Market to Hit $200M as Attacks Grow in Sophistication

Ukraine's Cybersecurity Market to Hit $200M as Attacks Grow in Sophistication

Publication date:

  • 08.10.2025

Publication from:

IT Ukraine

As October, traditionally recognized as international Cybersecurity Awareness Month, begins, Ukraine is reinforcing the defense of its digital space. The Canadian government recently allocated 92 million UAH (approx. $2.2M USD) to strengthen the cybersecurity systems of Ukrainian state institutions and critical infrastructure, a direct response to persistent Russian cyberattacks.

 

This financial support complements key domestic reforms. The President recently signed law №4336, which lays the groundwork for a new national cybersecurity framework. The law’s adoption was accelerated by a major breach of state registries at the turn of 2024-2025. As a precondition for receiving EU funding under the Ukraine Facility program, the law establishes a unified, NSDC-coordinated system for responding to cyber incidents. It also mandates cybersecurity officer positions at critical infrastructure facilities and strengthens the role of the State Service of Special Communications and Information Protection (SSSCIP) in setting security standards. Through these measures, Ukraine is demonstrating a comprehensive approach to protecting its information sovereignty.

 

Integration into the international security architecture is also happening at an institutional level. In July 2025, the country gained access to the EU Cybersecurity Reserve. This enables Ukraine to request rapid operational assistance from European teams in the event of large-scale cyberattacks and marks a significant step toward a shared digital security space with the EU.

 

The necessity of these steps is confirmed by statistics and forecasts. According to CERT-UA, the number of cyber incidents in 2024 increased by nearly 70%. The complexity of these attacks is also rising, with recorded use of artificial intelligence, collaboration between hacker groups, and “stealth” infiltration methods.

   

Against this backdrop, the market is also expanding. A study by DataDriven, initiated by the EBA and the IT Ukraine Association, shows that Ukraine’s cybersecurity market has reached $138 million—a fourfold increase since 2016. It is projected to grow by another 50% by 2029, exceeding $200 million. Although Ukraine’s share of the global market is only 0.07%, the demand for digital protection among businesses is steadily increasing. For example, a Mastercard survey found that 46% of small and medium-sized businesses have experienced a cyberattack, and nearly one in five were forced to shut down as a result.

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Address: 04071, Kyiv,
str. Yaroslavska, 58 (Astarta
Organic Business Centre)

Phone:+38 099 266 39 03

E-mail:
hello@itukraine.org.ua

Address: 04071, Kyiv, str. Yaroslavska, 58 (Astarta
Organic Business Centre)

Phone:+38 099 266 39 03

E-mail:
hello@itukraine.org.ua

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