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Application Security - Jordan

Jordan
  • The Application Security market in Jordan is expected to witness a significant growth in revenue, reaching US$1.08m by 2025.
  • This projection reflects a promising future for the market segment, indicating its potential for expansion.
  • Furthermore, it is anticipated that the revenue will continue to grow at an annual rate of 13.06% from 2025 to 2029, resulting in a market volume of US$1.77m by the end of the forecast period.
  • In terms of the average Spend per Employee, it is projected to reach US$0.34 in 2025.
  • This metric provides insights into the investment companies are making in Application Security market, highlighting the importance placed on securing their applications and data.
  • When comparing the global market, it is notable that United States is expected to generate the highest revenue in the Application Security market, with a projected revenue of US$3.4bn in 2025.
  • This demonstrates the dominance of the United States in this market segment, reflecting its strong position in the global technology industry.
  • Jordan is experiencing a surge in demand for application security services as businesses prioritize protecting their digital assets in the face of increasing cyber threats.

Revenue

Notes: Data was converted from local currencies using average exchange rates of the respective year.

Most recent update:

Source: Statista Market Insights

Notes: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.

Most recent update:

Notes: Data was converted from local currencies using average exchange rates of the respective year.

Most recent update:

Source: Statista Market Insights

Key Players

Most recent update:

Source: Statista Market Insights

Global Comparison

Notes: Data was converted from local currencies using average exchange rates of the respective year.

Most recent update:

Sources: Statista Market Insights, Financial Statements of Key Players, National Cyber Security Organizations

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.

Technology

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Key Market Indicators

Notes: Based on data from IMF, World Bank, UN and Eurostat

Most recent update:

Source: Statista Market Insights

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