Market Insights Technology Cybersecurity Cyber Solutions

Application Security - Ireland

Ireland

The Application Security market in Ireland is expected to witness a significant growth in the coming years.
According to projections, the revenue in this market is set to reach US$10.87m by 2024.
Furthermore, it is anticipated that the market will experience a steady compound annual growth rate (CAGR 2024-2029) of 12.58%, leading to a market volume of US$19.66m by 2029.
In terms of spending, the average Spend per Employee in the Application Security market is estimated to be US$3.75 in 2024.
This indicates the level of investment and resources allocated towards ensuring robust security measures in various applications.
When compared globally, United States is expected to generate the highest revenue in the Application Security market.
It is projected that United States will generate a substantial amount of revenue, reaching US$3,004.0m in 2024.
This highlights the dominance of the United States in this market segment.
Overall, the Application Security market in Ireland is poised for growth and presents significant opportunities for businesses operating in this sector.
Ireland has become a leading hub for application security, attracting top talent and fostering innovation in the field.

Key regions: Spain, Belgium, Brazil, India, Chile

Market

Region

Region comparison

Currency

Methodology

Data coverage:

Data encompasses B2C, B2B and B2G enterprises. Figures are based on security spending excluding VAT and the number of cyberattacks.

Modeling approach / Market size:

Market sizes are determined by a combined top-down and bottom-up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial statements of the market-leading companies and industry associations, national statistical offices, and specific countries’ security organizations (e.g., German Cyber Security Council, Canadian Centre for Cyber Security). Furthermore, we use relevant key market indicators and data from country-specific associations, such as GDP and internet penetration. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. Possible techniques are, for example, exponential trend smoothing and the autoregressive integrated moving average (ARIMA) forecasting algorithm. The main drivers are GDP, internet users, level of digitization, and consumer attitude towards data and IT security.

Additional notes:

Data is modeled using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.