Application Security - Europe

  • Europe
  • In 2024, the projected revenue for the Application Security market in Europe is expected to reach €1.26bn.
  • It is anticipated that this market will experience an annual growth rate (CAGR 2024-2029) of 12.10%, resulting in a market volume of €2.23bn by 2029.
  • Furthermore, the average spend per employee in the Application Security market in Europe is projected to reach €3.01 in 2024.
  • When compared globally, United States is expected to generate the highest revenue in the Application Security market, with an estimated amount of €2,757.0m in 2024.
  • In Europe, the market for application security is rapidly growing in Germany, with an increased demand for secure software development practices.

Key regions: Spain, Belgium, Brazil, India, Chile

Mercado
Región
Comparación de regiones
Moneda

Revenue

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Notes: Data was converted from local currencies using average exchange rates of the respective year.

Most recent update: Jun 2024

Fuente: Statista Market Insights

in billion EUR (€)

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Notes: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.

Most recent update: Mar 2024

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Notes: Data was converted from local currencies using average exchange rates of the respective year.

Most recent update: Jun 2024

Fuente: Statista Market Insights

Technology

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This report presents a comprehensive analysis and additional information on the Application Security market, in a PDF format.
Cyber Solutions: market data & analysis - Background Cyber Solutions: market data & analysis - Cover

Key Players

in percent

2023
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Most recent update: Dec 2024

Fuente: Statista Market Insights

Global Comparison

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Notes: Data was converted from local currencies using average exchange rates of the respective year.

Most recent update: Jun 2024

Fuentes: Statista Market Insights , Financial Statements of Key Players , National Cyber Security Organizations

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.

Key Market Indicators

The following Key Market Indicators give an overview of the social and economic outlook of the selected region and provide additional insights into relevant market-specific developments. These indicators, together with data from statistical offices, trade associations and companies serve as the foundation for the Statista market models.

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