The cybersecurity market has grown exponentially due to the rising number of cyber-attacks and stricter regulations. Companies are aiming for a more offensive stance with emerging services, but have encountered an IT labor shortage that is contributing to decreased salaries alongside increased competition from big tech manufacturers investing in digital security solutions. The resulting landscape paints a picture of solid growth yet heightened economic challenges requiring agile business strategies moving forward.

What is the size of Cybersecurity market in France?

With the concerning number of cyberattacks on the rise, it’s no wonder France is estimated to experience a strong growth in their cybersecurity market. The projected rate between 2021-2025 averages out at an impressive +11% yearly increase and amounts to €1.4 billion within four years – but what are some other evolutions taking place? Leading providers this year include various players that have been contributing significantly towards shaping the current state of affairs; furthermore, these specialised entities can be seen driving remarkable future growth as well.

The Cybersecurity market in France is expecting to reach €4.2 billion in 2025.

What is the cybersecurity maturity of French companies?

Analysis of data from 75 organisations over three years revealed that 46% of them are not sufficiently prepared for a cyber attack.

Despite organisations across the board investing in cybersecurity, a famous french cabinet found that 46% of large companies are not adequately prepared for a cyber attack. The sectors most at risk vary; financial entities fare best with 54.4%, but government (36.9%), services (42%) and industry (44.8%) lag behind significantly – even more so when it comes to mitigating ransomware threats where 30+% have no defences set up against such attacks?

What is the budget spent for cybersecurity in France?

French companies are aware for the importance to invest in cybersecurity, with a majority of those surveyed planning significant increases within two years. Despite this uptick, current contributions remain small: 62% dedicate less than 5% of IT budgets towards security measures. Increased optimisations and investments will be crucial to reinforce companies’ protection against cybercrime threats.
Companies are striving to catch up on their cyber investments and almost 50% intend to increase their budgets by more than 10% over the next few years.
By 2022, the French cybersecurity market is estimated to $2.34 billion with a CAGR of 12.7%.

French companies are looking for cybersecurity solutions!

The French cybersecurity market is projected to grow significantly over the next few years due to factors such as increasing government investment, rising cyber threats, increased adoption of cloud services, stricter regulations for data privacy compliance, etc. By understanding these drivers of change within the industry now—and keeping up with their developments—organisations will be better prepared to take advantage of opportunities presented by this growth come 2022. With its promising outlook on the horizon, now is definitely a great time for businesses to invest in cybersecurity products or services in France!