Market Insights Technology Cybersecurity Cyber Solutions

Cloud Security - Qatar

Qatar

Qatar is expected to witness a significant surge in revenue in the Cloud Security market.
By 2024, the projected revenue is estimated to reach €1.15m.
This is expected to be followed by a steady annual growth rate (CAGR 2024-2029) of 26.67%, resulting in a market volume of €3.75m by 2029.
In terms of spending, the average Spend per Employee in the Cloud Security market is projected to reach €0.55 in 2024.
This indicates the level of investment and commitment towards ensuring robust security measures in the cloud infrastructure.
When compared globally, it is noteworthy that United States is anticipated to generate the highest revenue in the Cloud Security market.
In 2024, the projected revenue for the United States alone is estimated to reach a staggering €797.7m.
This highlights the dominance of the United States in this market segment.
Overall, these figures showcase the immense potential for growth and development in the Cloud Security market in Qatar, and also shed light on the global landscape of this industry.
Qatar's growing emphasis on cybersecurity and data protection measures is driving increased demand for cloud security solutions in the country.

Key regions: Canada, Chile, Brazil, Spain, Germany

Mercado

Región

Comparación de regiones

Moneda

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.