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Market for IT security breaks revenue records

The market for IT security is also at an all-time high in the pandemic year 2020: In Germany, for example, an estimated 5.2 billion euros will be spent on hardware, software and services in this area.
E-3 Magazine
December 4, 2020
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This text has been automatically translated from German to English.

Further growth of 9.3 percent to EUR 5.7 billion is forecast for 2021. This is shown by calculations by the market researchers at IDC on behalf of the digital association Bitkom.

"Businesses and government agencies need to arm themselves against a massive increase in cyberattacks. Anything that has an IP address can potentially be attacked and needs to be protected"says Susanne Dehmel, member of the Bitkom management board.

"The demand for IT security solutions and consulting slowed only slightly during the Corona crisis. Without the pandemic, the market would have grown even more strongly. Spending on IT security will continue to rise in the future."

At 55 percent, services account for by far the largest share of the overall market. Expenditure is expected to amount to 2.8 billion euros in 2020, an increase of 6.8 percent. 1.6 billion will be spent on IT security software in Germany in the current year, 3.8 percent more than in the previous year. 750 million euros will be spent on devices and hardware (up 4.9 percent).

"It's no longer enough for IT departments alone to take care of cybersecurity", according to Dehmel.

"Cyber defense must become a matter for the top management. Only upper management can establish the priority of IT security, create appropriate structures and release necessary budgets."

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Working on the SAP basis is crucial for successful S/4 conversion. 

This gives the Competence Center strategic importance for existing SAP customers. Regardless of the S/4 Hana operating model, topics such as Automation, Monitoring, Security, Application Lifecycle Management and Data Management the basis for S/4 operations.

For the second time, E3 magazine is organizing a summit for the SAP community in Salzburg to provide comprehensive information on all aspects of S/4 Hana groundwork. All information about the event can be found here:

SAP Competence Center Summit 2024

Venue

Event Room, FourSide Hotel Salzburg,
At the exhibition center 2,
A-5020 Salzburg

Event date

June 5 and 6, 2024

Regular ticket:

€ 590 excl. VAT

Venue

Event Room, Hotel Hilton Heidelberg,
Kurfürstenanlage 1,
69115 Heidelberg

Event date

28 and 29 February 2024

Tickets

Regular ticket
EUR 590 excl. VAT
The organizer is the E3 magazine of the publishing house B4Bmedia.net AG. The presentations will be accompanied by an exhibition of selected SAP partners. The ticket price includes the attendance of all lectures of the Steampunk and BTP Summit 2024, the visit of the exhibition area, the participation in the evening event as well as the catering during the official program. The lecture program and the list of exhibitors and sponsors (SAP partners) will be published on this website in due time.