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Cyber Solutions - Uganda

Uganda
  • In ****, the revenue in Uganda's Cyber Solutions market is estimated to reach UGX US$*****m.
  • The market is expected to experience a steady growth rate with a compound annual growth rate (CAGR *********) of *****%, resulting in a market volume of UGX US$*****m by ****.
  • Furthermore, the average spend per employee in Uganda's Cyber Solutions market is projected to reach UGX US$**** in ****.
  • This indicates the amount of financial resources allocated per employee in the market segment.
  • When compared globally, United States is expected to generate the highest revenue in the Cyber Solutions market, reaching a staggering US$****bn in ****.
  • This showcases the dominant position of the United States in this sector.
  • Uganda is experiencing a surge in demand for cybersecurity solutions as the country's digital landscape continues to grow rapidly.

Revenue

Notes: Data was converted from local currencies using average exchange rates of the respective year.

Most recent update: Jun 2025

Source: Statista Market Insights

Notes: Data was converted from local currencies using average exchange rates of the respective year.

Most recent update: Jun 2025

Source: Statista Market Insights

Key Players

Most recent update: Dec 2024

Source: Statista Market Insights

Analyst Opinion

The Cyber Solutions market covers cybersecurity products that support organizations in detecting cyber vulnerabilities in networks, software, database, and cloud-based networks/devices, among others. Until now, no solutions have been able to guard against cyber threats and vulnerabilities completely. As a result, this market is still achieving significant growth, with US$67.6 billion in 2022 and an estimated US$158.8 billion by 2028.

The COVID-19 pandemic drove the rapid shift toward digital transformation. As digital transformation has grown, the security market has grown with it. What's clear is that there is a huge demand for cybersecurity solutions in 2023. After an initial decrease in 2020, this market bounced back strongly and is predicted to reach a peak in response to Russia’s invasion of Ukraine.

With more and more devices connected to the cloud, an increasing number of organizations have been adding cybersecurity to their focus. Therefore, in the revenue contribution of the Cyber Solutions market, the sub-market Cloud Security has demonstrated the highest and most robust development: around 40% in 2023.

Global Comparison

Notes: Data was converted from local currencies using average exchange rates of the respective year.

Most recent update: Jun 2025

Sources: Statista Market Insights, Financial Statements of Key Players, National Cyber Security Organizations

Methodology

Data coverage:

Data encompasses B2C, B2B and B2G enterprises. Figures are based on security spending excluding VAT and the number of cyberattacks.

Modeling approach / Market size:

Market sizes are determined by a combined top-down and bottom-up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial statements of the market-leading companies and industry associations, national statistical offices, and specific countries’ security organizations (e.g., German Cyber Security Council, Canadian Centre for Cyber Security). Furthermore, we use relevant key market indicators and data from country-specific associations, such as GDP and internet penetration. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. Possible techniques are, for example, exponential trend smoothing and the autoregressive integrated moving average (ARIMA) forecasting algorithm. The main drivers are GDP, internet users, level of digitization, and consumer attitude towards data and IT security.

Additional notes:

Data is modeled using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

Technology

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Key Market Indicators

Notes: Based on data from IMF, World Bank, UN and Eurostat

Most recent update: Jan 2025

Source: Statista Market Insights

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