target audience: TECH SUPPLIER Publication date: Nov 2022 - Document type: Market Forecast - Doc Document number: # EUR148812022
Central and Eastern Europe Security Solutions Forecast, 2021–2026
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Abstract
This IDC report details the complete security solutions market (hardware, on-premises and cloud-deployed software, and services) for Central and Eastern Europe, with 2021 as the base year and a forecast period of 2022 to 2026.
"Russia's invasion of Ukraine has severely impacted the CEE market. Russia, the region's largest market, saw investments plummet as international vendors withdrew from the country, sanctions bit, and the isolated Russian economy contracted. Many other CEE countries are on a heightened state of security awareness, wary of spillover from cyberwarfare between Russia and Ukraine on top of the cybercriminal activity they are already facing. In addition, they must face those challenges with constrained budgets due to the macroeconomic disruption, not to mention the perennial problem of a lack of security operational headcount." — Associate Research Director Mark Child, IDC EMEA