Market Insights Technology Cybersecurity Cyber Solutions

Cloud Security - Taiwan

Taiwan

The Cloud Security market in Taiwan is expected to see significant growth in the coming years.
According to projections, the revenue in this market is set to reach US$8.71m in 2024.
Furthermore, it is anticipated that the market will experience a steady annual growth rate (CAGR 2024-2029) of 26.64%.
This growth will result in a market volume of US$28.37m by 2029.
When looking at the average Spend per Employee in the Cloud Security market in Taiwan, it is estimated to reach US$0.34 in 2024.
This indicates the level of investment and expenditure made by companies in this sector to ensure robust security measures.
In terms of global comparison, it is noteworthy that United States is expected to generate the highest revenue in the Cloud Security market.
Projections indicate that the revenue United States is set to reach a staggering US$869.2m in 2024.
This highlights the significant market potential and demand for cloud security solutions United States.
Taiwan's growing investment in cybersecurity research and development is driving a surge in demand for cloud security solutions.

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

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.