Spain Cyber Security Market Size & Outlook, 2023-2030
Spain cyber security market, 2018-2030 (US$M)
Related Markets
Spain cyber security market highlights
- The Spain cyber security market generated a revenue of USD 8,187.1 million in 2023 and is expected to reach USD 19,130.5 million by 2030.
- The Spain market is expected to grow at a CAGR of 12.9% from 2024 to 2030.
- In terms of segment, services was the largest revenue generating component in 2023.
- Hardware 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 8,187.1 million |
| Market revenue in 2030 | USD 19,130.5 million |
| Growth rate | 12.9% (CAGR from 2023 to 2030) |
| Largest segment | Services |
| Fastest growing segment | Hardware |
| 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, Spain accounted for 3.7% 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 |
|---|
Spain 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 57.79% in 2023. Horizon Databook has segmented the Spain cyber security market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
Factors such as remote work and bring your own device are some of the major factors behind the increase in cyber threats in the country. Employees share large amounts of data via unsecured networks, store personal and organizational information on personal devices, and approve access to unknown and unverified applications.
This has resulted in the adoption of advanced security solutions, including mobile threat defense, network access control, unified threat defense and protection, and network security. Furthermore, key players in the market are also making strategic decisions to introduce innovative cybersecurity solutions and services.
For instance, in November 2023, Accenture, a technology solution and managed service company, acquired Innotec Security, a cybersecurity-as-aservice provider with offerings including threat detection, simulation, cyber intelligence, response and incident management, application security, and security consulting.
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Our clientele includes a mix of cyber security market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Spain cyber security market , including forecasts for subscribers. This country databook contains high-level insights into Spain cyber security market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain cyber security market size, by component, 2018-2030 (US$M)
Spain Cyber Security Market Outlook Share, 2023 & 2030 (US$M)
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