Germany Cyber Security Market Size & Outlook, 2023-2030
Germany cyber security market, 2018-2030 (US$M)
Related Markets
Germany cyber security market highlights
- The Germany cyber security market generated a revenue of USD 11,021.1 million in 2023 and is expected to reach USD 25,131.8 million by 2030.
- The Germany market is expected to grow at a CAGR of 12.5% from 2024 to 2030.
- In terms of segment, services was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
Cyber security market data book summary
| Market revenue in 2023 | USD 11,021.1 million |
| Market revenue in 2030 | USD 25,131.8 million |
| Growth rate | 12.5% (CAGR from 2023 to 2030) |
| Largest segment | Services |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Services |
| Key market players worldwide | BAE Systems PLC, Broadcom Inc, Check Point Software Technologies Ltd, Cisco Systems Inc, Fortinet Inc, International Business Machines Corp, Lockheed Martin Corp, LogRhythm, McAfee, Palo Alto Networks Inc, Proofpoint, Sophos, Trend Micro Inc |
Other key industry trends
- In terms of revenue, Germany accounted for 4.9% of the global cyber security market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, UK cyber security market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 24,612.8 million by 2030.
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Cyber Security Market Scope
Cyber Security Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Germany cyber security market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cyber security market will help companies and investors design strategic landscapes.
Services was the largest segment with a revenue share of 58.37% in 2023. Horizon Databook has segmented the Germany cyber security market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
The National Cyber Security Strategy (NCSS) was officially adopted in February 2011 in the country. In 2016, the German government revised it to respond to the growing number of cyber threats targeting critical infrastructure, government institutions, businesses, and citizens.
The public and private sectors in the country are equally affected by targeted attacks. Germany’s Cyber Security Strategy is intended to improve the framework conditions, such as enforcing rights, ensuring cyber security, and protecting critical information infrastructures.
The German government is taking substantial steps to secure cyberspace and promote social and economic prosperity in the country. With the implementation of cyber security strategy, the federal government is anticipated to primarily focus on a few strategic areas, such as protecting critical information structures, securing IT systems in the country.
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Our clientele includes a mix of cyber security market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Germany cyber security market , including forecasts for subscribers. This country databook contains high-level insights into Germany cyber security market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany cyber security market size, by component, 2018-2030 (US$M)
Germany Cyber Security Market Outlook Share, 2023 & 2030 (US$M)
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