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

The Nordics Cybersecurity Market is Segmented by product (Solutions (Application Security, Cloud Security, Consumer security software, Data Security, Identity Access Management, Infrastructure Protection, Integrated Risk Management, Network Security Equipment), Services (Professional, Managed)), by Deployment (On-Premise, Cloud), by End-User Industry (BFSI, Healthcare, Aerospace and Defense, IT and Telecommunication, Government, Retail, Manufacturing), by Geography (Denmark, Norway, Sweden, Finland). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

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

Nordics Cybersecurity Market Size

Nordics Cybersecurity Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 13.77 Billion
Market Size (2030) USD 20.67 Billion
CAGR (2025 - 2030) 8.46 %
Market Concentration Medium

Major Players

Nordics Cybersecurity Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Nordics Cybersecurity Market Analysis

The Nordics Cybersecurity Market size is estimated at USD 13.77 billion in 2025, and is expected to reach USD 20.67 billion by 2030, at a CAGR of 8.46% during the forecast period (2025-2030).

The upswing of cyberattacks in various end-user industries primarily drives the Nordic cybersecurity market. Furthermore, as digitalization advances, cyberattackers are developing new methods of conducting cyberattacks; these factors are expected to increase demand for cybersecurity solutions in the country.

  • Cybersecurity primarily prevents unauthorized computer, network, program, and data access. The importance of cybersecurity has recently grown as organizations, governments, and individuals collect, store, and send huge volumes of confidential information and data across networks.
  • With the growing digitization across the end-user sectors in the country, cyberattacks have also increased over the past few years. With new destructive practices in cyberspace, further cyberattacks can be carried out relatively easily, at low cost, and with a relatively low risk for the attacker. This has made more end-user industries in this region want cybersecurity solutions to stop these kinds of cyberattacks.
  • Many companies are building new data centers in the region, which is boosting the market under consideration. For instance, in October last year, Acronis, the global provider of cyber protection, announced the availability of a new Acronis Cyber Cloud Data Center in Norway. The new data center, which is one of the company's 111 new data centers, gives service provider partners access to a full range of cyber protection solutions so they can build new services and give their clients faster access, constant data availability, and data sovereignty.
  • Moreover, in April this year, Truesec launched the IoT Cybersecurity Domain in Sweden and recruited IoT cybersecurity expert Patrik Axelsson as CEO from Telia's IoT group, Division X.
  • One of the major causes of growing cyberattacks is the lack of skilled cybersecurity personnel in each industry. Experienced cybersecurity professionals are less in demand than security professionals, especially in Europe, Asia-Pacific, Latin America, and the Middle East. Security professionals are needed to handle cyber threats for financial institutions, government organizations, private sector businesses, and industrial businesses.
  • This region's cybersecurity market comprises several global and regional players vying for attention in a somewhat contested market space. Even though it's hard for new players to get into the market, a number of newcomers have been successful.
  • This market is characterized by moderate-to-high product differentiation, growing levels of product penetration, and high levels of competition. Generally, the solutions are offered as a package, making the consolidated offering look like a part of the product's service.
  • Most of the cyber threats intensified because of the opportunities during the COVID-19 outbreak. The fact that some small and medium-sized businesses adopted a "Bring Your Device" (BYOD) strategy (as opposed to a "Corporate Owned Personally Enabled" (COPE) strategy) and permitted employees to access corporate data using their devices (phones, tablets, or laptops) could be one of the causes of the rise in cyberattacks. The same level of cybersecurity was not provided when working from home as it was in an office setting. Users are more vulnerable to cyberattacks while accessing corporate files and data on a personal computer or laptop (even with the security of an MDM system). For instance, employees might not use antivirus or anti-malware software.
  • Small and medium-sized businesses were severely impacted by the COVID-19 outbreak but recovered within two years. However, many organizations continue to prefer that their employees work from home, resulting in a hybrid work culture that poses cyber threat issues.

Nordics Cybersecurity Industry Overview

The competitive landscape of the Nordic cybersecurity market is competitive and remains fragmented, with several global and regional players operating in the market. The evolving needs of the end-user segments are driving the market vendors to offer innovative products. In addition, growing opportunities in the market are attracting new players and investments.

In March 2022, Acronis announced another significant investment in the Nordics, opening a new Acronis Cloud Data Center in Stockholm, Sweden. The new sustainable cloud data center gives all service providers access to a full range of cyber protection solutions so they can build new services and give their clients faster access, constant data availability, and data sovereignty.

Nordics Cybersecurity Market Leaders

  1. IBM Corporation

  2. Cisco Systems Inc

  3. Dell Technologies Inc.

  4. Fortinet Inc.

  5. Clavister

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

  • May 2022: Cisco announced that it had released the Cisco Cloud Controls Framework (CCF) to the public. Cisco CCF is a comprehensive set of national and international security compliance and certification requirements aggregated into one framework.
  • August 2022 : Irdeto, a provider of digital platform cybersecurity solutions, and Clavister, a developer of high-performance cybersecurity solutions, have announced a new alliance. Irdeto's Connected Transport division will collaborate with Clavister to combine Clavister's NGFW solution and AI engine for zero-day vulnerabilities with Irdeto's asset protection capabilities. The collaboration will allow end users to securely and remotely monitor and control their connected fleet while providing world-class digital customer experiences.

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

5. MARKET DYNAMICS

  • 5.1 Market Drivers
    • 5.1.1 Increasing Demand for Digitalization and Scalable IT Infrastructure
    • 5.1.2 Rapidly Increasing Cybersecurity Incidents and Regulations Requiring Their Reporting
  • 5.2 Market Restraints
    • 5.2.1 Lack of Cybersecurity Professionals
    • 5.2.2 High Reliance on Traditional Authentication Methods and Low Preparednes
  • 5.3 Market Opportunities
    • 5.3.1 Rise in Trends for IoT, BYOD, Artificial Intelligence, and Machine Learning in Cybersecurity

6. MARKET SEGMENTATION

  • 6.1 By Product Type
    • 6.1.1 Application Security
    • 6.1.2 Cloud Security
    • 6.1.3 Consumer Security Software
    • 6.1.4 Data Security
    • 6.1.5 Identity Access Management
    • 6.1.6 Infrastructure Protection
    • 6.1.7 Integrated Risk Management
    • 6.1.8 Network Security Equipment
    • 6.1.9 Other Solution Types
  • 6.2 By Service
    • 6.2.1 Professional
    • 6.2.2 Managed
  • 6.3 By Deployment
    • 6.3.1 On-Premise
    • 6.3.2 Cloud
  • 6.4 By End-User Industry
    • 6.4.1 BFSI
    • 6.4.2 Healthcare
    • 6.4.3 Aerospace and Defense
    • 6.4.4 IT and Telecommunication
    • 6.4.5 Government
    • 6.4.6 Retail
    • 6.4.7 Manufacturing
    • 6.4.8 Other End-user Industries
  • 6.5 By Geography
    • 6.5.1 Denmark
    • 6.5.2 Norway
    • 6.5.3 Sweden
    • 6.5.4 Finland

7. COMPETITIVE LANDSCAPE

  • 7.1 Company Profiles
    • 7.1.1 IBM Corporation
    • 7.1.2 Cisco Systems Inc
    • 7.1.3 Dell Technologies Inc.
    • 7.1.4 Fortinet Inc.
    • 7.1.5 Clavister
    • 7.1.6 F5 Networks, Inc.
    • 7.1.7 AVG Technologies
    • 7.1.8 Acronis International GmbH.
    • 7.1.9 CyberArk Software Ltd.
    • 7.1.10 Proofpoint Inc.
    • 7.1.11 Trend Micro Inc.
    • 7.1.12 Nortonlifelock Inc.
  • *List Not Exhaustive

8. INVESTMENT ANALYSIS

9. FUTURE OF THE MARKET

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Nordics Cybersecurity Industry Segmentation

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, malware, and phishing to maintain data confidentiality.

The Nordics Cybersecurity Market is divided into four sections: product (solutions (application security, cloud security, consumer security software, data security, identity access management, infrastructure protection, integrated risk management, network security equipment), services (professional, managed), deployment (on-premise, cloud), end-user industry (BFSI, healthcare, aerospace and defense, IT and telecommunication, government, retail, manufacturing), and geography (Denmark, Norway, Sweden, Finland)).

The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

By Product Type Application Security
Cloud Security
Consumer Security Software
Data Security
Identity Access Management
Infrastructure Protection
Integrated Risk Management
Network Security Equipment
Other Solution Types
By Service Professional
Managed
By Deployment On-Premise
Cloud
By End-User Industry BFSI
Healthcare
Aerospace and Defense
IT and Telecommunication
Government
Retail
Manufacturing
Other End-user Industries
By Geography Denmark
Norway
Sweden
Finland
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Nordics Cybersecurity Market Research FAQs

How big is the Nordics Cybersecurity Market?

The Nordics Cybersecurity Market size is expected to reach USD 13.77 billion in 2025 and grow at a CAGR of 8.46% to reach USD 20.67 billion by 2030.

What is the current Nordics Cybersecurity Market size?

In 2025, the Nordics Cybersecurity Market size is expected to reach USD 13.77 billion.

Who are the key players in Nordics Cybersecurity Market?

IBM Corporation, Cisco Systems Inc, Dell Technologies Inc., Fortinet Inc. and Clavister are the major companies operating in the Nordics Cybersecurity Market.

What years does this Nordics Cybersecurity Market cover, and what was the market size in 2024?

In 2024, the Nordics Cybersecurity Market size was estimated at USD 12.61 billion. The report covers the Nordics Cybersecurity Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Nordics Cybersecurity Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Nordics Cybersecurity Industry Report

Statistics for the 2025 Nordics Cybersecurity market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Nordics 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.