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Other Solutions - Central & Western Europe

Central & Western Europe
  • Revenue in the Other Solutions market is projected to reach US$6.24bn in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 8.48%, resulting in a market volume of US$9.37bn by 2029.
  • The average Spend per Employee in the Other Solutions market is projected to reach US$36.00 in 2024.
  • In global comparison, most revenue will be generated United States (US$13.5bn in 2024).

Definition :
The Other Solutions market aggregates revenues generated by security solutions that are not specifically mentioned in the other cyber solution markets. It includes, among other things, identity and access management as well as risk management.

These security solutions do not play as prominent a role as those covered by the five main markets, but they are becoming increasingly relevant.

Additional information:

The Other Solutions market comprises revenues, revenue change, and average spend per employee. Market values represent revenues that are generated by primary vendors, either directly or through distribution channels (manufacturer prices, excluding VAT). Reported market revenues include consumer spending (B2C), business spending (B2B), and government spending (B2G). Detailed definitions of each market can be found on the corresponding market pages.

For more information on the data displayed, use the info button right next to the boxes.

In-Scope

  • Identity access management, such as Okta, IBM Security Identity and Access Management, and CyberArk
  • Security operation center, such as DXC Technology Security Services, Verizon Managed Security Services, and AT&T Cybersecurity
  • Other security solutions

Out-Of-Scope

  • Application security, such as Microsoft, Broadcom, and Check Point Software
  • Cloud security, such as Tenable, Trend Micro, and Palo Alto Network
  • Data security, such as Commvault, Trellix, and McAfee
  • Network security, such as IBM, VMware, and Netscout
  • Endpoint security, such as Crowdstrike, Qualys, and Microsoft
Cyber Solutions: market data & analysis - Cover

Market Insights report

Cyber Solutions: market data & analysis

Study Details

    Revenue

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Jun 2024

    Source: Statista Market Insights

    Notes: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.

    Most recent update: Mar 2024

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Jun 2024

    Source: Statista Market Insights

    Key Players

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Global Comparison

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Jun 2024

    Sources: Statista Market Insights, Financial Statements of Key Players, National Cyber Security Organizations

    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.

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    Cyber Solutions: market data & analysis - BackgroundCyber Solutions: market data & analysis - Cover

    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

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