The Benelux Cybersecurity Market size is estimated at USD 4.04 billion in 2024, and is expected to reach USD 5.90 billion by 2029, growing at a CAGR of 7.90% during the forecast period (2024-2029).
The Benelux Cybersecurity Market is moderately competitive due to several vital market players' presence. Some major players are IBM Corporation, Cisco Systems Inc., Dell Technologies Inc. Intel Security, and Fortinet Inc. The market players are heavily indulging in product launches, strategic partnerships, and acquisitions as lucrative ways to enhance their market share.
In June 2022, to bring advanced technologies and services to European organizations, NightDragon, an investment and advisory firm specializing in the cybersecurity, safety, security, and privacy sectors declared a new strategic partnership with Orange Cyberdefense, a world leader in cybersecurity services. The partnership will provide NightDragon's portfolio firms access to the European market and give Orange consumers access to emerging technologies and services that will help them stay one step ahead of online threats.
In April 2022, Cisco and the Telenor Group declared their expanded partnership to address opportunities like the digital divide, enterprise cyber security, and digital transformation through the fourth iteration of their JPA. The companies intend to expand Telenor's capabilities beyond connectivity for business clients and create more customer-centric, scalable, and flexible "as-a-service" solutions.
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