Cybersecurity - Iran

Iran

The Cybersecurity market in Iran is expected to experience significant growth in the coming years.
By 2024, the projected revenue is estimated to reach US$0.81bn.
It is worth noting that Cyber Solutions dominates the market, with a projected market volume of US$0.55bn in 2024.
This indicates the high demand for security services in Iran to protect against cyber threats.
Furthermore, the market is expected to show a steady growth rate, with an annual growth rate (CAGR 2024-2029) of 8.54%.
This growth rate will result in a market volume of US$1.22bn by 2029.
These numbers highlight the increasing importance of cybersecurity in Iran and the need for continuous investment in this sector.
In terms of average Spend per Employee in the Cybersecurity market, it is projected to reach US$27.13 in 2024.
This metric provides insights into the investment made by companies and organizations to ensure the security of their operations and data.
In comparison to other countries, United States is expected to generate the most revenue in the global Cybersecurity market.
In 2024, the projected revenue for the United States is US$81,370.0m.
This demonstrates the significant market potential and opportunities available United States for cybersecurity companies.
Overall, the Cybersecurity market in Iran is poised for growth, reflecting the increasing importance of protecting against cyber threats.
These projections indicate the potential for revenue generation and the need for investment in security services in Iran.
Iran is investing heavily in developing its domestic cybersecurity capabilities to protect against cyber threats and safeguard its national interests.

Key regions: United States, Canada, Brazil, India, Belgium

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Analyst Opinion

Cybersecurity is a topic practically every company must tackle in order to ensure and enhance the success of the digital transformation of their operational activities (e.g., automated processes, cloud-based tools, or software support). Driven by the increasing awareness of data risks and threats, the global Cybersecurity market has witnessed robust growth over the last few years with revenue increasing from US$83.32 billion in 2016 to approximately US$166 billion in 2023.

Furthermore, the adoption of cybersecurity is expected to grow with the increasing internet penetration among developing and developed countries. Whilst it was common to dismiss cybersecurity as a task for the IT department, it is now increasingly becoming the dominant part of top-level strategic planning.

The COVID-19 crisis led to many organizations facing more cyberattacks due to the security vulnerability of remote work as well as the shift to virtualized IT environments, such as the infrastructure, data, and network of cloud computing. The market is expected to continue showing strong growth, with North America as the dominant region in this market. Cloud Security is the fastest-developing market.

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.