Market Insights Technology Cybersecurity Cyber Solutions

Network Security - Kazakhstan

Kazakhstan

The Network Security market in Kazakhstan is anticipated to generate a revenue of US$53.80m by 2024.
This projection indicates a promising growth potential for the market segment.
Furthermore, it is expected that the market will experience an annual growth rate (CAGR 2024-2029) of 11.02%, resulting in a market volume of US$90.72m by 2029.
In terms of average Spend per Employee, the Network Security market is projected to reach US$5.30 in 2024.
This metric provides insights into the level of investment and resources allocated to this market segment in Kazakhstan.
When considering global comparison, it is noteworthy that United States is expected to generate the highest revenue in the Network Security market, with a projected value of US$10,830.0m in 2024.
This indicates the dominant position of the United States in the global market landscape.
Kazakhstan is witnessing a surge in demand for advanced network security solutions to safeguard its critical infrastructure and protect against cyber threats.

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.