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Cyber Solutions - Cambodia

Cambodia
  • The Cyber Solutions market in Cambodia is expected to see significant growth in the coming years.
  • According to projections, the market's revenue is set to reach US$12.47m in 2025.
  • This growth is driven by an anticipated annual growth rate of 13.02% from 2025 to 2029, resulting in a market volume of US$20.34m by 2029.
  • In addition to revenue growth, the average Spend per Employee in the Cyber Solutions market is also expected to increase.
  • It is projected to reach US$1.33 in 2025, indicating a positive trend in investment and expenditure within the industry.
  • When looking at global comparisons, it is worth noting that United States is anticipated to generate the highest revenue in the Cyber Solutions market.
  • In 2025, the projected revenue for the United States is an impressive US$41.1bn, highlighting the country's dominance in this sector.
  • Overall, these numbers demonstrate the potential for growth and investment opportunities in the Cyber Solutions market in Cambodia.
  • "Cambodia is witnessing a surge in demand for cyber solutions as the country embraces digital transformation and faces an increasing number of cyber threats."

Revenue

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

Most recent update: Jun 2024

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: Mar 2024

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

Most recent update: Jun 2024

Source: Statista Market Insights

Key Players

Most recent update: Dec 2024

Source: Statista Market Insights

Analyst Opinion

The Cyber Solutions market covers cybersecurity products that support organizations in detecting cyber vulnerabilities in networks, software, database, and cloud-based networks/devices, among others. Until now, no solutions have been able to guard against cyber threats and vulnerabilities completely. As a result, this market is still achieving significant growth, with US$67.6 billion in 2022 and an estimated US$158.8 billion by 2028.

The COVID-19 pandemic drove the rapid shift toward digital transformation. As digital transformation has grown, the security market has grown with it. What's clear is that there is a huge demand for cybersecurity solutions in 2023. After an initial decrease in 2020, this market bounced back strongly and is predicted to reach a peak in response to Russia’s invasion of Ukraine.

With more and more devices connected to the cloud, an increasing number of organizations have been adding cybersecurity to their focus. Therefore, in the revenue contribution of the Cyber Solutions market, the sub-market Cloud Security has demonstrated the highest and most robust development: around 40% in 2023.

Global Comparison

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

Most recent update: Jun 2024

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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Cyber Solutions: market data & analysis - BackgroundCyber Solutions: market data & analysis - Cover

Key Market Indicators

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

Most recent update: Jan 2025

Source: Statista Market Insights

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In a century in which cybercrimes are rapidly becoming some of the most frequent and harmful crimes, the need to protect digital assets and network devices has become greater, too. As a result, cybersecurity represents the anchor which keeps us safely surfing in a digital world. But how to ensure secure access to information in a world characterized by an ever-increasing number of threats?
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