Market Insights Technology Cybersecurity Cyber Solutions

Network Security - Iraq

Iraq

The Network Security market in Iraq is expected to witness significant growth in the coming years.
According to projections, the market's revenue is set to reach US$64.72m by 2025.
This indicates a positive trend in the country's network security sector.
Furthermore, it is estimated that the market will experience an annual growth rate of 10.45% between 2025 and 2029.
As a result, the market volume is predicted to increase to US$96.30m by 2029.
This demonstrates the potential for continued expansion and development in Iraq's network security industry.
In terms of the average Spend per Employee, it is projected to reach US$5.24 in 2025.
This figure indicates the amount of money invested in each employee within the network security market.
When considering global comparisons, it is worth noting that United States is expected to generate the highest revenue in the network security market.
In 2025, the projected revenue for the United States is US$12,040.0m.
This highlights the dominance of the United States in this market segment.
Overall, the future looks promising for Iraq's network security market, with projected revenue growth and an increasing market volume.
This indicates potential opportunities for businesses operating in this sector in the country.
In Iraq, the demand for network security solutions has surged due to the increasing cyber threats and the need to protect critical infrastructure.

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.