Market Trends of Poland Cybersecurity Industry
This section covers the major market trends shaping the Poland Cybersecurity Market according to our research experts:
Cloud Security Segment Drives the Market Growth
- The use of cloud-based solutions in Poland is below the European average. However, the introduction of cloud computing solutions has been a trend in the Polish market for quite some time, especially for large companies (including financial institutions). It is expected that the trend will continue and grow in the future, considering the opening of the Google Cloud region in Poland in 2021, as well as the planned opening of Azure, Microsoft, and AWS regions (local zones) in Poland in 2022.
- Cloud computing has transformed how businesses use, share, and store data, applications, and workloads. However, it also brought many new security threats and challenges. Exposure is further increased when large amounts of data are sent to the cloud and public cloud services.
- Currently, Poland is at the forefront of cloud adoption, augmented by the end-user drive for digitalization. Due to the growing demand for content, edge services, and last-mile connectivity for transport-led data volumes, the interconnection bandwidth capacity has been increasing.
- The Polish Prime Minister's Office reported a rising number of DDoS attacks since 2021 against Polish institutions and domestic entities, which may cause difficulties accessing e-services.
- Several global IT players are present in Poland, and there are currently very few cybersecurity start-ups. The National Framework Policy states that the Polish government aims to invest in developing industrial and technological resources for cybersecurity by creating the conditions needed for developing enterprises, scientific research centers, and start-ups in cybersecurity amid the growing demand for cloud options.
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BFSI holds a significant highest market share
- BFSI is one of the most important sectors in the country for cyberattacks, especially during the Ukraine-Russia conflict. Since Poland has been supporting Ukraine since the beginning, it could lead to multiple cyberattacks on the Polish banking sector from Russia to cripple its economy.
- To battle this, the country's defense ministry appointed a new force in February 2022. This force is expected to protect Poland's armed forces and other segments from exterior attacks.
- Further, the growing BFSI sector also demands more data center construction in the country. Many data center companies are expanding their presence across the country by expanding their data center locations. For instance, in June 2022, Vantage Data Centers launched new data center campuses in Poland. The Warsaw data center is the company's first facility of many more to come in Poland.
- The growing number of online and card transactions in the country is also driving the demand for cybersecurity services in the BFSI sector in the country. According to a study by the National Bank of Poland, the country surpassed 40 million card payments in 2021.
- More recently, a total of 43 million card payments were executed via the internet in Poland. The numbers are expected to rise in the future, further increasing the demand for the market in the studied segment.
