Market Insights Technology Cybersecurity Cyber Solutions

Network Security - Egypt

Egypt

Egypt is projected to experience significant growth in the Network Security market.
By 2024, the revenue in this market is expected to reach US$55.62m.
This projection indicates a positive trend for the country's network security sector.
Furthermore, it is anticipated that the market will continue to expand with an annual growth rate (CAGR 2024-2029) of 13.77%.
As a result, the market volume is estimated to reach US$106.00m by 2029.
This steady growth demonstrates the potential of the network security industry in Egypt.
Additionally, the average Spend per Employee in the Network Security market is projected to reach US$1.68 in 2024.
This metric highlights the level of investment and resources allocated to network security in Egypt.
It signifies the importance placed on maintaining a secure digital infrastructure.
In a global comparison, United States is expected to generate the highest revenue in the Network Security market.
By 2024, the projected revenue United States is a staggering US$10,830.0m.
This figure emphasizes the dominance of the United States in this market segment and showcases the strong presence of network security companies in the country.
Egypt's network security market is growing rapidly, driven by increased awareness and investment in cybersecurity measures.

Key regions: United States, Germany, Saudi Arabia, Brazil, 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.