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

The Belgium Cybersecurity Market report segments the industry into By Offering (Solutions, Services), By Deployment Mode (Cloud, On-premise), By Organization Size (SMEs, Large Enterprises), and By End User (BFSI, Healthcare, IT and Telecom, Industrial & Defense, Retail, Energy and Utilities, Manufacturing, Others). Get five years of historical data alongside five-year market forecasts.

Belgium Cybersecurity Market Size

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Belgium Cybersecurity Market Analysis

The Belgium Cybersecurity Market is expected to register a CAGR of 11.14% during the forecast period.

  • 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 Government Initiatives towards Cybersecurity, such initiatives propel the market growth

  • According to European Council, Belgium has a proven record of providing fast, secure mobile connections. It currently has the second best 4G coverage in the EU and is working hard to secure future premium-quality mobile connections. The Belgian government, carriers, and enterprises are all working hard to ensure a 5G connection. Furthermore, the Brussels-Capital Regional Government is completely devoted to next-generation mobile technology.
  • Hackers have begun to use malware such as Odinaff, Danabot, Backswap, and Camubot to attack banks that operate the SWIFT network to transfer money-moving messages. Expanding government data privacy requirements, greater cyber threats, and a growing number of data centers are the most important revenue opportunities for the Defense/Government cybersecurity market.
  • The European Union regards strategic autonomy as important to promote common interests, principles, and values. Cybersecurity is a significant component in this aspect. Belgium plays a key role in European cybersecurity experimental initiatives such as ECHO(European network of Cybersecurity centers and competence Hub for innovation and Operations).
  • The establishment of a Cyber Green House will significantly promote cybersecurity innovation. Establishing an innovation center aims to evaluate breakthrough cyber solutions and business models in a risk-free environment while disseminating Cybersecurity Guidelines and Best Practices.
  • According to a survey by Hiscox, IT spending on cyber security increased in Belgium from 2020 to 2021. Companies are more vulnerable to cyber threats and increasing investments in prevention. Belgium has an 8 percent increased investment from 2020 to 2021.

Belgium Cybersecurity Industry Overview

The Belgium Cybersecurity Market is highly competitive, owing to several global and Local players. The market players view strategic partnerships, product launches, and acquisitions as a lucrative path toward expanding their market share. Also, several global and local cybersecurity providers are expanding their presence and strengthening their foothold in Belgium.

  • April 2022 - RHEA Group is partnered with IDELUX to establish a new European Cybersecurity Centre of Excellence in the Galaxia industrial park in Transinne, Belgium. The Centre, representing a EUR 20 million equity investment, will be operational by the end of 2023 and will provide complete cybersecurity services and continuing cyber protection to companies from various sectors, including governments, institutions, defense, and commercial.

Belgium Cybersecurity Market Leaders

  1. IBM Corporation

  2. Cisco Systems, Inc.

  3. Thales

  4. Sweepatic

  5. RHEA Group

  6. *Disclaimer: Major Players sorted in no particular order
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Belgium Cybersecurity Market News

  • January 2022: The cyber security company Sweepatic has added a new feature to its Attack Surface Management Platform. Attack Surface Scoring allows companies to review better and assess their cybersecurity posture present and in the future.
  • May 2022: Thales, one of the global technology leaders, agreed with Sonae Investment Management to acquire S21sec and Excellium to reinforce Thales cybersecurity activities. S21sec and Excellium are players in Europe's cybersecurity consulting, integration, and managed services. With the acquisition, Thales accelerates its cybersecurity development roadmap and expands its footprint in Spain, Portugal, Luxembourg, and Belgium.

Belgium Cybersecurity Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

  • 4.1 Market Overview
  • 4.2 Value Chain Analysis
  • 4.3 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.3.1 Threat of New Entrants
    • 4.3.2 Bargaining Power of Buyers
    • 4.3.3 Bargaining Power of Suppliers
    • 4.3.4 Threat of Substitutes
    • 4.3.5 Intensity of Competitive Rivalry
  • 4.4 Impact of COVID-19 on the Market

5. MARKET DYNAMICS

  • 5.1 Market Drivers
    • 5.1.1 Increasing Demand for Digitalization and Scalable IT Infrastructure
    • 5.1.2 Need to tackle risks from various trends such as third-party vendor risks, the evolution of MSSPs, and adoption of cloud-first strategy
  • 5.2 Market Restraints
    • 5.2.1 Lack of Cybersecurity Professionals
    • 5.2.2 High Reliance on Traditional Authentication Methods and Low Preparedness
  • 5.3 Trends Analysis
    • 5.3.1 Organizations in Thailand increasingly leveraging AI to enhance their cyber security strategy
    • 5.3.2 Exponential growth to be witnessed in cloud security owing to shift toward cloud-based delivery model.

6. MARKET SEGMENTATION

  • 6.1 By Offering
    • 6.1.1 Solutions
    • 6.1.1.1 Application Security
    • 6.1.1.2 Cloud Security
    • 6.1.1.3 Data Security
    • 6.1.1.4 Identity and Access Management
    • 6.1.1.5 Infrastructure Protection
    • 6.1.1.6 Integrated Risk Management
    • 6.1.1.7 Network Security Equipment
    • 6.1.1.8 End point Security
    • 6.1.1.9 Other Solutions
    • 6.1.2 Services
    • 6.1.2.1 Professional Services
    • 6.1.2.2 Managed Services
  • 6.2 By Deployment Mode
    • 6.2.1 Cloud
    • 6.2.2 On-premise
  • 6.3 By Organization Size
    • 6.3.1 SMEs
    • 6.3.2 Large Enterprises
  • 6.4 By End User
    • 6.4.1 BFSI
    • 6.4.2 Healthcare
    • 6.4.3 IT and Telecom
    • 6.4.4 Industrial & Defense
    • 6.4.5 Retail
    • 6.4.6 Energy and Utilities
    • 6.4.7 Manufacturing
    • 6.4.8 Others

7. COMPETITIVE LANDSCAPE

  • 7.1 Company Profiles
    • 7.1.1 IBM Corporation
    • 7.1.2 Cisco Systems, Inc.
    • 7.1.3 Thales
    • 7.1.4 Sweepatic
    • 7.1.5 RHEA Group
    • 7.1.6 Palo Alto Networks
    • 7.1.7 Fujitsu
    • 7.1.8 Dell Inc.
    • 7.1.9 Check Point Software Technologies Ltd.
  • *List Not Exhaustive

8. INVESTMENT ANALYSIS

9. FUTURE OF THE MARKET

**Subject to Availability
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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.

The Belgium cybersecurity market is segmented by offerings (solutions [application security, cloud security, data security, identity access management, infrastructure protection, integrated risk management, network security, end-point security, and other solution types] and services [professional services and managed services]), by deployment (On-premise, and cloud), by organization size (SMEs, large enterprises), by end-user vertical (BFSI, healthcare, IT and telecom, industrial and defense, retail, energy and utilities, manufacturing, and other end-user industries). The market sizes and forecasts are provided in terms of value in (USD) for all the above segments.

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
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
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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.

What years does this Belgium Cybersecurity Market cover?

The report covers the Belgium Cybersecurity Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Belgium Cybersecurity Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

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Belgium Cybersecurity Industry Report

Statistics for the 2025 Belgium Cybersecurity market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Belgium Cybersecurity analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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