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.
The German cybersecurity market is semi-consolidated with the presence of major players like IBM Corporation, Cisco Systems Inc., Dell Technologies Inc., Fortinet Inc., and Intel Security (Intel Corporation). Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.
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