Market Insights Technology Cybersecurity Cyber Solutions

Data Security - Greece

Greece

The Data Security market in Greece is projected to achieve a revenue of US$3.41m in 2024.
This revenue is expected to display an annual growth rate (CAGR 2024-2029) of 10.31%, ultimately leading to a market volume of US$5.57m by 2029.
Furthermore, the projected average Spend per Employee in the Data Security market is set to reach US$0.71 in 2024.
In terms of global comparison, United States is anticipated to generate the highest revenue, amounting to US$2,891.0m in 2024.
As Greece continues to digitize its economy, there is a growing demand for advanced data security solutions to protect sensitive information from cyber threats.

Key regions: Brazil, Saudi Arabia, Chile, Germany, Belgium

Market

Region

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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.