Market Overview
| Study Period | 2020 - 2030 |
|---|---|
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Market Size (2025) | USD 480.70 Million |
| Market Size (2030) | USD 673.90 Million |
| Growth Rate (2025 - 2030) | 6.99% CAGR |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0. |
|
Denmark Cybersecurity Market Analysis by Mordor Intelligence
The Denmark cybersecurity market size stood at USD 480.7 million in 2025 and is projected to reach USD 673.9 million by 2030, translating into a 6.99% CAGR. Mandatory compliance with the NIS2 directive, a cloud-first public-sector strategy, and rapid digital-payment adoption are intensifying demand across identity, network, and managed-security layers. The Center for Cybersecurity continues to rate the national threat level as “very high,” keeping executive focus on cyber-resilience spending. Regulatory penalties of up to EUR 10 million or 2% of global turnover for non-conformance have pushed security from an IT discussion to a boardroom priority. At the same time, a projected shortfall of 19,000 Danish-speaking security professionals by 2030 is steering organizations toward managed and professional services, further buoying the Denmark cybersecurity market.
Key Report Takeaways
- By offering, solutions commanded 53.5% of Denmark cybersecurity market share in 2024; services outpace solutions with an 8.5% CAGR forecast for 2025-2030.
- By deployment mode, cloud deployments commanded 61.2% of Denmark cybersecurity market share in 2024 and are advancing at 9.80% CAGR.
- By end-user industry, consumer-facing BFSI led with 27.1% revenue share in 2024, whereas healthcare is forecast to expand at an 11.5% CAGR through 2030.
- By enterprise size, large organizations held 69.8% of Denmark cybersecurity market share in 2024, while SMEs are poised to grow at a 10.6% CAGR as regulation now covers roughly one-third of smaller firms.
Denmark Cybersecurity Market Trends and Insights
Drivers Impact Analysis
| Driver | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Mandatory Pen-Testing Under Danish NIS2 Directive Fueling Spend | +2.1% | National, with concentration in Copenhagen and Aarhus | Medium term (2-4 years) |
| Cloud-First Strategy Across Public Sector Agencies | +1.8% | National, with early adoption in central government | Short term (≤ 2 years) |
| Cashless-Payments Boom Expanding Attack Surface | +1.4% | National, with higher impact in urban areas | Long term (≥ 4 years) |
| 5G Roll-out Driving Telecom Security Upgrades | +1.2% | National, with priority in major cities | Medium term (2-4 years) |
| ESG-Linked Cyber Requirements for Wind OEMs | +0.9% | National, with focus on offshore wind regions | Long term (≥ 4 years) |
| AI-driven threat-detection adoption | +0.7% | Nationwide across managed-service providers | Short term (≤ 2 years) |
| Source: Mordor Intelligence | |||
Mandatory Pen-Testing Under Danish NIS2 Directive Fueling Spend
Effective 1 July 2025, the Danish transposition of NIS2 obliges roughly 1,500 entities to perform regular penetration tests, maintain incident-response playbooks, and prove continuous monitoring. Non-compliance fines elevate cyber-risk to a financial risk, unlocking sustained budget allocation for consultative and managed services. Danish firms anticipate head-count additions to satisfy audit-readiness requirements, yet domestic language constraints keep outsourcing levels high, benefiting local providers that bundle Danish-language advisory with technical execution.
Cloud-First Strategy Across Public Sector Agencies
Denmark’s Joint Government Digital Strategy 2022-2025 earmarks DKK 800 million (USD 125.2 million) for cloud infrastructure and associated security tooling [1]European Commission, “Joint Government Digital Strategy 2022-2025,” ec.europa.eu. Ministries now require identity-governance, encryption-as-a-service and zero-trust network architectures to preserve data-sovereignty while delivering online citizen services. Investment rounds into Copenhagen-based Omada illustrate the alignment of venture capital with this cloud push, stimulating local innovation in AI-enabled identity access management.
Cashless-Payments Boom Expanding Attack Surface
Digital transactions already comprise more than 92% of consumer payments, but the associated fraud bill climbed to DKK 627 (USD 98.3) million in 2023, split between card-not-present and credit-transfer attacks [2]Danmarks Nationalbank, “Payment Fraud Statistics 2024,” nationalbanken.dk. Criminals increasingly bypass two-factor authentication by manipulating users, prompting banks and fintechs to deploy behavioral analytics and machine-learning models. Government-approved SMS-filtering by telecom operators further underscores the systemic effort to protect Denmark’s cash-free economy.
5G Roll-out Driving Telecom Security Upgrades
The national 5G action plan channels DKK 800 million (USD 125.2 million) into network build-outs, but also heightens espionage risk, now rated “high” for telecom operators by the Civil Protection Authority. Danish carriers such as Nuuday have embarked on their largest ever IT-overhauls, selecting cloud-native BSS/OSS stacks that necessitate end-to-end encryption, supply-chain vetting and dynamic policy orchestration. Enterprise-grade private-5G offerings from Telenor further broaden the Denmark cybersecurity market by introducing slice-isolation and edge-security requirements.
Restraints Impact Analysis
| Restraint | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Shortage of Danish-Speaking Cyber Talent | -1.7% | National, with acute impact in Copenhagen and Aarhus | Long term (≥ 4 years) |
| Compliance Cost Burden on SMEs | -1.3% | National, with higher impact in rural areas | Medium term (2-4 years) |
| Legacy OT in Maritime Sector Limits Upgrades | -0.8% | Coastal regions, with concentration in major ports | Long term (≥ 4 years) |
| Fragmented security procurement among municipalities | -0.6% | Nationwide, 98 local governments | Medium term (2-4 years) |
| Source: Mordor Intelligence | |||
Shortage of Danish-Speaking Cyber Talent
Denmark expects a gap of 19,000 IT specialists by 2030, and language proficiency narrows the security talent funnel even further. Organizations therefore pivot to managed-security contracts or international consultants, inflating project costs and marginally dampening Denmark cybersecurity market CAGR.
Compliance-Cost Burden on SMEs
Nearly one-third of entities falling under NIS2 are SMEs. Although firms allocate 9% of IT budgets to security on average, the directive’s ten mandatory controls can lift that share into double digits for small organizations. Absent economies of scale, many rural businesses delay upgrades, slowing market adoption until simplified, subscription-based offerings gain traction.
Segment Analysis
By Offering: Services Segment Accelerates Growth
Solutions held 53.5% Denmark cybersecurity market share in 2024, yet services are forecast to grow at 8.5% CAGR during 2025-2030. Demand concentrates in penetration-testing, incident-response retainers and managed detection and response (MDR), as boards race to demonstrate NIS2 compliance. The exodus toward cloud reduces licensing emphasis on hardware-centric firewalls, shifting value to integration and monitoring.
Services momentum reflects the acute labour shortage; enterprises prefer outsourcing to Danish-language SOC operators rather than recruiting internally. Consulting also gains from the influx of roughly USD 226 million in state cybersecurity allocations, where public bodies often contract external specialists for risk assessments and governance frameworks.
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By Deployment Mode: Cloud Dominance Accelerates
Cloud accounted for 61.2% Denmark's cybersecurity market share in 2024 and is projected to record a 9.8% CAGR through 2030, far outpacing on-premise deployments. The public sector alone drives large subscription volume as ministries migrate workloads under the cloud-first mandate. Sector-agnostic SaaS adoption simplifies patching cycles, making cloud-delivered security controls the default for new projects.
Legacy OT in maritime, energy, and certain manufacturing plants anchors residual on-premise demand. The Danish Maritime Authority has established a dedicated cyber unit to shield vessels whose latency-sensitive control systems preclude cloud offloading [3]Danish Maritime Authority, “Cybersecurity Unit Launch,” dma.dk. Nonetheless, rising health-IT investment—forecast near USD 3 billion by 2025—favours cloud-native encryption, back-up and compliance automation, enabling vendors such as Keepit to scale rapidly with Danish and EU data-residency guarantees.
By End-user Industry: Healthcare Emerges as Growth Leader
BFSI led all verticals with a 27.1% Denmark cybersecurity market share in 2024, mirroring the country’s near-cashless economy. Fraud cost have forced banks to harden payment channels with AI-driven anomaly detection. Healthcare, however, is projected to expand fastest at 11.5% CAGR between 2025 and 2030 as electronic-health-record rollouts and telemedicine uptake surge.
Start-ups raised USD 835 million in healthtech capital during 2023, intensifying the need to protect patient data across cloud platforms . Simultaneously, ransomware remained “very high” for manufacturing, prompting discrete investments in OT segmentation. Energy-utilities spending gained urgency after a 22-company breach in 2023, leading to real-time threat-sharing via SektorCERT’s national SOC .
Note: Segment shares of all individual segments available upon report purchase
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By End-user Enterprise Size: SME Segment Drives Growth
Large enterprises commanded 69.8% Denmark cybersecurity market share in 2024, buoyed by multi-million-krone security budgets and in-house expertise. While absolute spending remains highest among corporates, SMEs will experience a 10.6% CAGR to 2030 as NIS2 brings them under regulatory scrutiny. Vendors increasingly tailor “lite” MDR bundles and subscription-based governance packages to reduce entry costs.
Academic studies show 22% of Danish SMEs still lack even basic firewalls, underscoring latent demand. Government upskilling grants and shared-municipality SOC initiatives aim to bridge knowledge gaps. Once awareness improves, uptake of standardized, pay-as-you-grow services is expected to drive incremental Denmark cybersecurity market size gains in the long tail of smaller enterprises.
Competitive Landscape
Copenhagen anchors more than half of Denmark cybersecurity market demand, driven by a dense concentration of national ministries, financial headquarters and a vibrant fintech scene. High average salaries and venture funding pools attract both talent and start-ups, reinforcing the capital’s status as a security innovation hub. Government allocations of EUR 100 (USD 116.8) million for nation-wide digitalisation chiefly flow through agencies headquartered in Copenhagen, deepening the city’s spending weight [4]Agency for Digital Government, “Digitalisation Fund Allocations,” digst.dk.
Aarhus and Odense form secondary clusters where healthcare digitalisation and advanced manufacturing fuel local security contracts. Ransomware incidents in 2024 targeting regional factories compelled industrial players to deploy OT-specific intrusion-detection and backup solutions. Municipal alliances such as KommuneCERT now share threat-intel and procurement frameworks, ensuring smaller cities obtain consistent protection levels while preserving local budgets.
Along the coasts, Denmark’s sizeable maritime economy adds distinct requirements. Vessel control systems still rely on decades-old protocols, challenging conventional patch-management cycles. The Danish Maritime Authority’s cyber unit and industry co-operation with port operators aim to implement network segmentation and continuous monitoring without interrupting logistics. Simultaneously, offshore wind farms integrate ESG-linked cyber provisions into turbine maintenance contracts, broadening regional service opportunities for the Denmark cybersecurity market.
Denmark Cybersecurity Industry Leaders
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IBM Corporation
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Check Point Software Technologies Ltd.
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NNIT A/S
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Fortinet Inc.
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Cisco Systems Inc.
- *Disclaimer: Major Players sorted in no particular order
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Recent Industry Developments
- April 2025: Omada received an undisclosed investment from GRO, Kirk Kapital and J.P. Morgan Asset Management to scale its AI-driven identity-governance platform.
- March 2025: The Cyber Angel Academy hosted a launch event in Aarhus to link investors, CISOs and founders, fostering collaboration across Denmark’s cyber-startup ecosystem.
- October 2024: LogPoint acquired Muninn to bolster automated threat-detection capabilities within its SIEM suite.
- October 2024: The Danish government relaunched a nationwide digital-security initiative to strengthen protection for businesses and citizens.
Denmark Cybersecurity Market Report Scope
Cybersecurity solutions help an organization monitor, detect, report, and counter cyber threats, which 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 Denmark 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 | |
| End-point Security | |
| Services | Professional Services |
| Managed Services |
By Deployment Mode
| Cloud |
| On-Premise |
By End-user Industry
| BFSI |
| Healthcare |
| IT and Telecom |
| Industrial and Defense |
| Retail and E-commerce |
| Energy and Utilities |
| Manufacturing |
| Others |
By End-user Enterprise Size
| Large Enterprises |
| Small and Medium Enterprises (SMEs) |
| By Offering | Solutions | Application Security |
| Cloud Security | ||
| Data Security | ||
| Identity and Access Management | ||
| Infrastructure Protection | ||
| Integrated Risk Management | ||
| Network Security | ||
| End-point Security | ||
| Services | Professional Services | |
| Managed Services | ||
| By Deployment Mode | Cloud | |
| On-Premise | ||
| By End-user Industry | BFSI | |
| Healthcare | ||
| IT and Telecom | ||
| Industrial and Defense | ||
| Retail and E-commerce | ||
| Energy and Utilities | ||
| Manufacturing | ||
| Others | ||
| By End-user Enterprise Size | Large Enterprises | |
| Small and Medium Enterprises (SMEs) | ||
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Key Questions Answered in the Report
What is the current size of the Denmark cybersecurity market?
The Denmark cybersecurity market size reached USD 480.7 million in 2025 and is projected to expand to USD 673.9 million by 2030.
Which segment is growing fastest?
Healthcare security is the fastest-growing end-user segment, forecast to post an 11.5% CAGR between 2025 and 2030 as electronic health-record rollouts accelerate.
How dominant is cloud deployment in Denmark?
Cloud solutions already account for 61.2% Denmark cybersecurity market share and are forecast to grow at a 9.8% CAGR through 2030.
Why does NIS2 matter for Danish companies?
NIS2 introduces compulsory controls and potential fines up to EUR 10 million, leading approximately 1,500 Danish organizations to increase cyber-spending on testing, monitoring and compliance services.
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