Market Insights Technology Cybersecurity Cyber Solutions

Application Security - Zambia

Zambia

Zambia, a country in southern Africa, is also expected to see growth in the Application Security market.
By 2025, revenues in this market segment are projected to reach US$0.63m.
This indicates a positive trend for Zambia's technology sector.
Looking ahead, the market is expected to grow at an annual rate of 15.21%, resulting in a market volume of US$1.11m by 2029.
This represents a significant opportunity for the country's economy.
When it comes to the average Spend per Employee in the Application Security market, in Zambia is projected to reach US$0.08 in 2025.
This figure demonstrates the level of investment being made in this sector, highlighting the importance of cybersecurity in the country's digital landscape.
Although Zambia's market potential is promising, it should be noted that in global comparison, United States is expected to generate the highest revenue in the Application Security market.
In 2025, United States is projected to generate US$3,432.0m, indicating the dominance of the US market in this industry.
Overall, Zambia's Application Security market shows positive signs of growth and presents significant opportunities for the country's technological advancement.
With the right strategies and investments, in Zambia can establish itself as a key player in this rapidly evolving sector.
In Zambia, the demand for application security solutions is rapidly increasing as businesses strive to protect their digital assets from cyber threats.

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.