Cybersecurity: eleven billion euros

In view of the increasing threat of cyber attacks, Germany is investing more in IT security. This year, the ten billion euro mark will be exceeded for the first time. This means that the German IT security market is also growing very strongly in an international comparison. The global market is growing by 12.1 percent to 222.6 billion euros. This was announced by the digital association Bitkom on the basis of data from the market research institute IDC.

"A successful cyberattack can threaten a company's existence, which is why every company should protect itself and ramp up its IT security. But public administrations and authorities also need to constantly review and adjust their IT security," says Bitkom CEO Udo Littke. "Every euro invested in IT security pays off. According to the Bitkom economic protection study, German companies recently suffered an annual loss of 267 billion euros due to sabotage, espionage and data theft, of which around 179 billion euros were caused by cyberattacks alone."

According to IDC, spending on security software will increase the most this year. It will increase by 17.3% to 5.8 billion euros. This is closely followed by expenditure on IT security services with an increase of 11.4% to EUR 4.4 billion. Expenditure on IT security hardware also increased, albeit not quite as strongly with growth of 5.2% to around 970 million euros.

bitkom.org