Austria Cybersecurity Market Share

Market Share of Austria Cybersecurity Industry

The Austria Cybersecurity market is moderately competitive due to several regional players offering cybersecurity solutions. The market players view strategic partnerships and acquisitions as a lucrative path toward expanding their market share. Also, several global cybersecurity providers are expanding their presence and strengthening their foothold in the European region.

• June 2022 - Accenture has announced the acquisition of Allgemeines Rechenzentrum GmbH (ARZ), a technology service provider focused on the banking sector in Austria. Accenture plans to invest USD 4 billion in the acquisition, which will help the company to expand its footprints in Austria.
• April 2022 - Bystronic Austria GmbH has partnered with NanoLock, a leading device-level cyber security provider, to develop a software solution and protect systems against cyber attacks. To mitigate the exposure of customer systems to potential cyber risks at these interconnections, Bystronic and NanoLock are developing new security solutions to ensure that Bystronic smart machines are trustworthy data sources and secure cyber devices.

Austria Cybersecurity Market Leaders

1. IBM Corporation

2. Cisco Systems Inc.

3. Check Point Software Technologies Ltd

4. Fortinet Inc.

5. CyberArk Software Ltd

*Disclaimer: Major Players sorted in no particular order