Strong growth in the IT security market in Germany

January 9th, 2019, author/ editor: ISG / Evernine

According to the new ISG Provider Lens study, the German IT security market will grow by more than 15 percent by 2020. Learn more about this topic here.

From 2018 to 2020, the German IT security market is expected to grow from a total of 5.7 billion euros to almost 6.6 billion euros. This corresponds to growth of more than 15 percent. This is predicted by the new large provider comparison “ISG Provider Lens Germany 2019 – Cyber Security Solutions & Services”. Furthermore, ISG found out through the study that the market volume of security services is growing particularly strongly, on average by almost eleven percent per year.

The market development of ICT products

The German security market is currently suffering from an acute shortage of skilled workers and the new Data Protection Basic Ordinance (DSGVO). Both clearly promote the demand for external resources. The study’s figures reflect this. In particular, growth in security services is above average.

The German IT security market will grow by more than seven percent per year in the next two years. Source: ISG Research.

 

By now, all leading providers offer Managed Security Services. Since the IT security market is now a very mature market, providers of security services must be able to offer a very broad and innovative range of solutions. In the “Leader” quadrant of the “Security Services – Large Accounts” market segment, eight providers were able to position themselves: Accenture, Atos, CANCOM, Computacenter, DXC Technology, IBM, Symantec and T-Systems.

 

Investigation of other markets

In addition to providers of security services for large customers, the study also analyzed the security services market for SME customers and six other markets: “Identity & Access Management”, “Data Leakage/Loss Prevention/Data Protection”, “Network Security”, “Data Center and Cloud Security”, “Pervasive & Predictive Security” and “Endpoint Security”.

 

√ Identity & Access Management:

Identity & Access Management has developed into an important security issue in recent years. Its importance will even increase in the future, because in Industry 4.0, for example, the identities of machines must now also be defined and protected.

 

√ Data Leakage/Loss Prevention (DLP), data security:

The business use of private end devices continues to increase.  Data protection and DLP solutions have also moved even further into the limelight with the Data Protection Basic Regulation (DSGVO). In addition to mobile, big data and cloud solutions, social networks and other social media platforms offer attack surfaces that further increase the risk of data loss.

 

√ network security:

A rethink is necessary here: Whereas in the past it was assumed that attackers could be excluded from one’s own network, protection against cyber attacks must now be rethought. Because the attacker is already in his own network. This creates completely new demands on network security and the solution providers involved.

√ Date Center und Cloud Security:

The leading providers in this market segment are able to comprehensively monitor the physical and virtual infrastructures in the cloud and in their own data centers, automatically detect attacks in real time, block them and log them in a forgery-proof manner.

 

√ Pervasive & Predictive Security: 

Large amounts of data and their accurate evaluation are an important basis for predicting cyber attacks or threats in a targeted manner. Artificial intelligence is also playing an increasingly important role in the portfolio of providers of Pervasive & Predictive Security.

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√ Endpoint Security:

Endpoint security is becoming increasingly important because cybercrime attacks usually begin with the takeover of a client, whether by visiting a malicious website or clicking on a phishing link.

 

You can find further information about the study here.

 

 

 

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