Germany Cybersecurity Market Size (2024 - 2029)

The Germany Cybersecurity Market is experiencing significant growth, driven by the increasing frequency of cyberattacks and the expansion of e-commerce, smart devices, and cloud solutions. This growth is further supported by robust government initiatives and a diverse cybersecurity ecosystem comprising established companies, startups, and research institutions. The rising demand for advanced cybersecurity solutions is crucial as businesses face evolving threats, particularly with the shift towards cloud-first strategies and reliance on external vendors. The market's expansion is also influenced by the heightened focus on cybersecurity following the vulnerabilities exposed during the COVID-19 pandemic, as organizations prioritize digitalization and scalable IT infrastructure.

Market Size of Germany Cybersecurity Industry

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:
Germany Cybersecurity Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 12.60 Billion
Market Size (2029) USD 21.47 Billion
CAGR (2024 - 2029) 11.25 %
Market Concentration Medium

Major Players

Germany Cybersecurity Market Major Players

*Disclaimer: Major Players sorted in no particular order

Need a report that reflects how COVID-19 has impacted this market and its growth?

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:

Germany Cyber Security Market Analysis

The Germany Cybersecurity Market size is estimated at USD 12.60 billion in 2024, and is expected to reach USD 21.47 billion by 2029, growing at a CAGR of 11.25% during the forecast period (2024-2029).

The rising number of cyberattacks with the emergence of e-commerce platforms, the proliferation of smart devices, and the deployment of cloud solutions are some factors driving the market's growth. Cyber threats are expected to evolve with the increase in the usage of devices with intelligent and IoT technologies. As such, firms are expected to adopt and deploy progressive cyber security solutions to detect, minimize, and mitigate the risk of cyber-attacks, thereby driving the market’s growth.

  • Various government initiatives and strategies adopted by major players are expected to drive the market. Germany has a strong and diversified cybersecurity ecosystem, with a wide spectrum of established enterprises, startups, research organizations, and universities dedicated to cybersecurity. The country's government policy is particularly supportive, with efforts such as the National Cybersecurity Strategy and the Cybersecurity Act.
  • The rise in the number of cyberattacks in the region is expected to drive the demand for cybersecurity solutions. For instance, the State of IT Security in Germany in 2022 by the Federal Office of Information Security states that consumers' general level of concern has recently risen slightly compared to the past three years. About 29% of the respondents stated that they had already been victims of crime on the internet. In previous years, the figure was 25%. In each case, a quarter of the respondents had experienced fraud when shopping online (25%), third-party access to an online account (25%), and infection with malware (24%). In contrast to online shopping fraud (2021: 19%), the figures for being affected by third-party access to an online account (2021: 31%) or infection with malware (2021: 29%) have decreased compared to the previous year. Only 19% of respondents were affected by phishing in the last year.
  • Addressing risks associated with trends like third-party vendor risks, changes in managed security service providers (MSSPs), and a shift toward a cloud-first strategy is pivotal in the cybersecurity market. As businesses increasingly rely on external vendors for various services and technologies, the associated risks also rise.
  • Over the past few years, security systems have made it difficult for an attacker to reach critical data. As a result, ordinary users are increasingly wary of the security of the internet. Solutions that may have worked a few years ago are irrelevant now. To identify and recover from cyberattacks, organizations need several resources and must be highly prepared. In many cases, to recover from a breach or attack, the organization may need to shut down its operations for days altogether. In case of poor planning and inadequate infrastructure, the time to recover from an incident may be considerably high.
  • Cyberattackers saw the COVID-19 pandemic as a possibility to step up their criminal initiatives by exploiting the vulnerability of employees working from home. In the post-pandemic era, the need for cybersecurity increased as enterprises planning to execute months-long business continuity plans (BCP), including information security monitoring and response while operating under quarantine conditions, focused on enhancing cybersecurity. Thus, the market studied is growing rapidly with the increasing demand for digitalization and scalable IT infrastructure.

Germany Cyber Security Industry Segmentation

Cybersecurity solutions help an organization monitor, detect, report, and counter cyber threats, which are internet-based attempts to damage or disrupt information systems and hack critical information using spyware, malware, and phishing.

The German cybersecurity market is segmented by offering (security type [cloud, data security, identity access management, network security, consumer security, and infrastructure protection] and services), deployment (cloud and on-premise), and end user (BFSI, healthcare, manufacturing, government and defense, and IT and telecommunication). The market size and forecast are provided in terms of values (USD) for all the above segments.

By Offering
Security Type
Cloud Security
Data Security
Identity Access Management
Network Security
Consumer Security
Infrastructure Protection
Other Types
Services
By Deployment
Cloud
On-premise
By End User
BFSI
Healthcare
Manufacturing
Government & Defense
IT and Telecommunication
Other End Users
Need A Different Region Or Segment?
Customize Now

Germany Cybersecurity Market Size Summary

The German cybersecurity market is experiencing significant growth, driven by the increasing frequency of cyberattacks and the rapid adoption of digital technologies such as e-commerce, smart devices, and cloud solutions. As cyber threats evolve with the proliferation of IoT and intelligent technologies, organizations are compelled to implement advanced cybersecurity measures to protect their digital assets. The market is further bolstered by supportive government policies and a robust cybersecurity ecosystem comprising established enterprises, startups, and research institutions. The demand for cybersecurity solutions is heightened by the need to safeguard sensitive information, ensure regulatory compliance, and address risks associated with third-party vendors and cloud-first strategies.

The IT and telecommunications sectors play a crucial role in the German cybersecurity market, with significant investments in protecting networks and data from evolving threats. The market is semi-consolidated, with major players like IBM, Cisco, Dell Technologies, Fortinet, and Intel Security leading the charge through strategic partnerships and innovative product offerings. Recent developments, such as IBM's managed detection and response services and McAfee's AI-powered protection, highlight the industry's focus on leveraging advanced technologies to enhance security measures. The market's growth is also supported by initiatives like the establishment of cyber defense centers and investments in AI research, underscoring the ongoing commitment to strengthening cybersecurity infrastructure in Germany.

Explore More

Germany Cybersecurity Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Value Chain Analysis

    3. 1.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitutes

      5. 1.3.5 Intensity of Competitive Rivalry

    4. 1.4 Impact of Macroeconomic Factos on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Offering

      1. 2.1.1 Security Type

        1. 2.1.1.1 Cloud Security

        2. 2.1.1.2 Data Security

        3. 2.1.1.3 Identity Access Management

        4. 2.1.1.4 Network Security

        5. 2.1.1.5 Consumer Security

        6. 2.1.1.6 Infrastructure Protection

        7. 2.1.1.7 Other Types

      2. 2.1.2 Services

    2. 2.2 By Deployment

      1. 2.2.1 Cloud

      2. 2.2.2 On-premise

    3. 2.3 By End User

      1. 2.3.1 BFSI

      2. 2.3.2 Healthcare

      3. 2.3.3 Manufacturing

      4. 2.3.4 Government & Defense

      5. 2.3.5 IT and Telecommunication

      6. 2.3.6 Other End Users

Germany Cybersecurity Market Size FAQs

The Germany Cybersecurity Market size is expected to reach USD 12.60 billion in 2024 and grow at a CAGR of 11.25% to reach USD 21.47 billion by 2029.

In 2024, the Germany Cybersecurity Market size is expected to reach USD 12.60 billion.

Germany Cyber Security Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)