Belgium Cybersecurity Market Size (2024 - 2029)

The Belgium cybersecurity market is poised for significant growth, driven by the increasing internet penetration and the expanding wireless network, which have heightened data vulnerability. As cybersecurity becomes a critical component of strategic planning rather than just an IT responsibility, the demand for cybersecurity solutions is expected to rise. Despite the challenges posed by a shortage of skilled professionals, particularly in the face of advanced cyber threats, the market is set to expand, especially as remote work and virtualized IT environments continue to present security challenges.

Belgium Cybersecurity Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Belgium Cybersecurity Market Size

Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 11.14 %
Market Concentration Low

Major Players

*Disclaimer: Major Players sorted in no particular order

Belgium Cybersecurity Market Analysis

The Belgium Cyber Security Market is expected to register a CAGR of 11.14 % during the forecast period. The adoption of cybersecurity solutions is expected to increase with the increasing penetration of the internet throughout Belgium. Also, the expanding wireless network catering to mobile devices has enhanced data vulnerability.

  • Cybersecurity solutions are security measures designed to reduce the risk of interruption or unauthorized access to information and communication technology (ICT) systems.
  • Cybersecurity adoption is likely to expand with increased internet penetration in Belgium. While it was common to consider cybersecurity a responsibility for the IT department, it is now becoming an increasingly important component of top-level strategic planning.
  • The Belgian organizations have various development options for the presence and development of digital services and technology. However, governments, consumers, and enterprises are increasingly encountering (advanced) cyber threats, which can increase the risks and limit the potential of digital services and technology.
  • A key difficulty in increased cyberattacks is many firms' lack of skilled cybersecurity professionals. Compared to the demand for security specialists to manage cyber threats for financial institutions, government organizations, and private sector/industrial firms, the number of skilled cybersecurity professionals is low, particularly in Belgium.
  • Due to COVID-19, many firm employees are working remotely, and there is an increased cyberattack due to remote work's security vulnerability and the change to virtualized IT environments, such as cloud computing's infrastructure, data, and network. After the pandemic, the cybersecurity market is likely to continue its rapid growth.

Belgium Cybersecurity Industry Segmentation

Cybersecurity solutions help an organization monitor, detect, report, and counter cyber threats that are internet-based attempts to damage or disrupt information systems and hack critical information using spyware and malware, and phishing, to maintain data confidentiality. The study is structured to track the revenues accrued by cybersecurity vendors through sales of various solutions and allied services.

Belgium Cybersecurity Market is Segmented by By Offering( by Security Type ( Cloud Security, Data Security, Identity Access Management, Network Security, Consumer Security, Infrastructure Protection), Services), by Deployment (Cloud, On-premise), by end-user ( BFSI, Healthcare, Manufacturing, Government & Defense, IT and Telecommunication)

By Offering
Solutions Application Security
Cloud Security
Data Security
Identity and Access Management
Infrastructure Protection
Integrated Risk Management
Network Security Equipment
End point Security
Other Solutions
Services Professional Services
Managed Services
By Deployment Mode
Cloud
On-premise
By Organization Size
SMEs
Large Enterprises
By End User
BFSI
Healthcare
IT and Telecom
Industrial & Defense
Retail
Energy and Utilities
Manufacturing
Others
Need A Different Region or Segment?
Customize Now

Belgium Cybersecurity Market Size Summary

The Belgium cybersecurity market is poised for significant growth, driven by the increasing penetration of the internet and the expansion of wireless networks, which have heightened data vulnerability. As organizations across Belgium face advanced cyber threats, the importance of cybersecurity has shifted from being an IT department responsibility to a critical component of strategic planning. The market is experiencing a surge in demand for cybersecurity solutions due to the growing dependency on technology and digital infrastructure, which introduces new risks and vulnerabilities. The Belgian government's Cybersecurity Strategy 2.0 plays a pivotal role in safeguarding the cyber landscape, with initiatives aimed at enhancing awareness and protection against cyber hazards. The market's growth is further fueled by the rise in internet usage and online payments, necessitating robust cybersecurity measures to protect sensitive data.

Belgium's cybersecurity market is characterized by a competitive landscape with both global and local players vying for market share through strategic partnerships, product launches, and acquisitions. The establishment of innovation centers, such as the Cyber Green House, aims to promote cybersecurity innovation by evaluating breakthrough solutions in a risk-free environment. The market is also witnessing increased investments in cybersecurity, as companies seek to bolster their defenses against evolving cyber threats. Notable developments include the establishment of a European Cybersecurity Centre of Excellence and strategic acquisitions by major players like Thales to enhance their cybersecurity capabilities. These efforts underscore Belgium's commitment to strengthening its cybersecurity infrastructure and its role in European cybersecurity initiatives.

Explore More

Belgium Cybersecurity Market Size - Table of Contents

1. MARKET DYNAMICS
  • 1.1 Market Drivers
    • 1.1.1 Increasing Demand for Digitalization and Scalable IT Infrastructure
    • 1.1.2 Need to tackle risks from various trends such as third-party vendor risks, the evolution of MSSPs, and adoption of cloud-first strategy
  • 1.2 Market Restraints
    • 1.2.1 Lack of Cybersecurity Professionals
    • 1.2.2 High Reliance on Traditional Authentication Methods and Low Preparedness
  • 1.3 Trends Analysis
    • 1.3.1 Organizations in Thailand increasingly leveraging AI to enhance their cyber security strategy
    • 1.3.2 Exponential growth to be witnessed in cloud security owing to shift toward cloud-based delivery model.

2. MARKET SEGMENTATION
  • 2.1 By Offering
    • 2.1.1 Solutions
    • 2.1.1.1 Application Security
    • 2.1.1.2 Cloud Security
    • 2.1.1.3 Data Security
    • 2.1.1.4 Identity and Access Management
    • 2.1.1.5 Infrastructure Protection
    • 2.1.1.6 Integrated Risk Management
    • 2.1.1.7 Network Security Equipment
    • 2.1.1.8 End point Security
    • 2.1.1.9 Other Solutions
    • 2.1.2 Services
    • 2.1.2.1 Professional Services
    • 2.1.2.2 Managed Services
  • 2.2 By Deployment Mode
    • 2.2.1 Cloud
    • 2.2.2 On-premise
  • 2.3 By Organization Size
    • 2.3.1 SMEs
    • 2.3.2 Large Enterprises
  • 2.4 By End User
    • 2.4.1 BFSI
    • 2.4.2 Healthcare
    • 2.4.3 IT and Telecom
    • 2.4.4 Industrial & Defense
    • 2.4.5 Retail
    • 2.4.6 Energy and Utilities
    • 2.4.7 Manufacturing
    • 2.4.8 Others

Belgium Cybersecurity Market Research Faqs

What is the current Belgium Cybersecurity Market size?

The Belgium Cybersecurity Market is projected to register a CAGR of 11.14% during the forecast period (2025-2030)

Who are the key players in Belgium Cybersecurity Market?

IBM Corporation, Cisco Systems, Inc., Thales, Sweepatic and RHEA Group are the major companies operating in the Belgium Cybersecurity Market.

Belgium Cybersecurity Market Report Snapshots