Market Insights Technology Cybersecurity Cyber Solutions

Cloud Security - D-A-CH

D-A-CH

The Cloud Security market in D-A-CH is expected to witness significant growth in the coming years.
According to projections, the revenue in this market is set to reach US$129.00m in 2024.
This growth is attributed to the increasing adoption of cloud-based solutions and the rising concerns regarding data security.
Furthermore, the market is expected to demonstrate an impressive annual growth rate (CAGR 2024-2029) of 25.43%, which will result in a market volume of US$400.50m by 2029.
This indicates a promising future for the Cloud Security market in the D-A-CH region.
When it comes to the average Spend per Employee in the Cloud Security market, it is projected to reach US$2.32 in 2024.
This metric is a reflection of the investment companies are making to ensure robust security measures in the cloud environment.
In terms of global comparison, United States is expected to generate the highest revenue in the Cloud Security market, reaching a staggering US$869.2m in 2024.
This indicates the dominance of the United States in the global Cloud Security market and highlights the potential for growth in the D-A-CH region to catch up with this market leader.
Overall, the Cloud Security market in D-A-CH is poised for significant growth in the coming years, driven by increasing adoption, rising concerns over data security, and a strong focus on investment in cloud security measures.
In Germany, the demand for cloud security solutions has surged due to strict data protection regulations and the increasing adoption of cloud computing by businesses.

Key regions: Canada, Chile, Brazil, Spain, Germany

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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.