Market Insights Technology Cybersecurity Cyber Solutions

Other Solutions - Norway

Norway

The revenue forecast for the Other Solutions market in Norway indicates that it will reach US$173.70m in 2024.
Looking ahead, this market segment is expected to experience a steady compound annual growth rate (CAGR) of 7.53% from 2024 to 2029.
As a result, the market volume is projected to reach US$249.70m by 2029.
Furthermore, the average spend per employee in the Other Solutions market is estimated to reach US$56.33 in 2024.
This metric indicates the financial investment made per employee within this market segment.
In a global context, it is worth noting that United States is expected to generate the highest revenue in the Other Solutions market.
Specifically, it is projected to generate US$13,460.0m in 2024.
This highlights the significant economic contribution of the United States within this market segment.
It is important to emphasize that these figures and projections specifically pertain to the Other Solutions market in Norway.
Norway's market for Other Solutions is thriving, with a strong focus on sustainability and innovation.

Key regions: Saudi Arabia, Spain, Canada, Germany, Europe

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.