Market Insights Technology Cybersecurity Cyber Solutions

Network Security - Germany

Germany

The Network Security market in Germany is poised to experience significant growth in the coming years.
By 2024, the projected revenue for this market is estimated to reach US$0.76bn.
This growth is expected to continue at an annual growth rate (CAGR 2024-2029) of 9.01%.
As a result, the market volume is projected to reach US$1.17bn by 2029.
In terms of spending, the average Spend per Employee in the Network Security market is expected to reach US$16.65 in 2024.
This indicates a considerable investment in ensuring network security across various industries in Germany.
When looking at the global landscape, United States is anticipated to generate the highest revenue in the Network Security market.
In 2024, the projected revenue for the United States is estimated to be a staggering US$10,830.0m.
This highlights the significant role that United States plays in this market segment.
Overall, the Network Security market in Germany is projected to grow steadily in the coming years, with a focus on enhancing network security measures and investing in the latest technologies to combat emerging threats.
Germany's network security market is experiencing a surge in demand driven by strict data protection laws and the country's strong emphasis on cybersecurity.

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

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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.