Greece Cybersecurity - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2026-2031)

The greece cybersecurity market size was valued at USD 171.0 million in 2025 and estimated to grow from USD 185.3 million in 2026 to reach USD 276.83 million by 2031, at a CAGR of 8.36% during the forecast period (2026-2031). This report is Segmented by Offering (Solutions [Application Security, Cloud Security, and More], Services [Professional Services, and More]), Deployment Mode (Cloud, On-Premise), End-User Industry (BFSI, Healthcare, IT and Telecom, Industrial and Defense, Retail and E-Commerce, and More), End-User Enterprise Size (Large Enterprises, Smes). The Market Forecasts are Provided in Terms of Value (USD).

Greece Cybersecurity Market Trends and Insights

Mandatory compliance with NIS2 and Greek Law 5160/2024

Greek Law 5160/2024, effective November 2024, broadens liability from 400 critical operators to more than 2,000 essential and important entities, enforces 24-hour incident notifications and levies fines up to USD 10 million for non-compliance. Board-level accountability and compulsory supply-chain risk assessments push enterprises to adopt integrated detection and response platforms, automated reporting tools and cyber-governance consulting. Demand strengthens for threat-hunting and vulnerability-management services able to prove resilience audits to the National Cybersecurity Authority.

Surge in sophisticated cyber-attacks on critical infrastructure

State-sponsored activity now targets energy micro-grids, maritime control networks and cable landing stations, with large Greek organizations reporting 10-20% upticks in attack frequency and average breach costs of USD 504,000. The 900% escalation in maritime incidents since 2017 forces ship-operators to overhaul vessel OT monitoring, while shared threat-intelligence exchanges linking shipping, power and telecom operators emerge as risk-mitigation norms.

Acute cybersecurity talent shortage

Greece will require up to 400,000 additional technology workers by 2030, with 32% of firms failing to fill security roles as wage inflation outstrips budgets. MSSPs raise retainers, and universities race to harmonise curricula, but the supply-demand gap persists, curbing in-house SOC expansion.

Other drivers and restraints analyzed in the detailed report include:

• Accelerated cloud migration under “Greece 2.0” digital plan
• EU Recovery-fund fuelled security spend in BFSI and public sector
• SME cost-sensitivity toward advanced security tools

Segment Analysis

Solutions contributed 62.65% of revenue in 2025 as firms established baseline controls for NIS2 alignment. Services, though smaller, are scaling at a 12.35% CAGR, reflecting reliance on external specialists to bridge the talent deficit. Application- and cloud-security suites command adoption in newly built Attica datacentres, while identity-access tools gain traction among remote workforces.

Professional and managed services growth is underpinned by architecture reviews, incident-response retainers and regulatory-gap assessments. Providers such as KPMG Greece bundle NIS2, DORA and ISO-27001 readiness within fixed-fee engagements, positioning services as the fastest-rising revenue stream within the Greece cybersecurity market.

Cloud held a 56.85% stake in 2025 and extends at an 11.05% CAGR to 2031, mirroring USD 5.0 billion in hyperscale facility investments by Microsoft, Digital Realty and AWS. Hybrid models capture utilities and BFSI entities that must keep legacy mainframes on-premise yet modularise new workloads in the cloud.

Greek Law 5069/2023 simplifies zoning for datacentres above 10 MW, sparking a cluster near Spata. Edge-compute nodes along submarine-cable landing sites create micro-segmented security perimeters. On-premise deployments remain essential for air-gapped maritime and energy OT, but the direction of travel favours SaaS and infrastructure-as-code security disciplines that underpin the Greece cybersecurity market.

Complete Report Scope:

• 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)

List of Companies Covered in this Report:

• IBM Corporation
• Cisco Systems, Inc.
• Fortinet, Inc.
• Palo Alto Networks, Inc.
• Check Point Software Technologies Ltd.
• Microsoft Corporation
• Sophos Ltd.
• Kaspersky Lab
• CrowdStrike Holdings, Inc.
• Darktrace plc
• Dell Technologies Inc.
• Trend Micro Incorporated
• F5, Inc.
• Rapid7, Inc.
• Trellix
• Space Hellas S.A.
• Uni Systems Information Technology S.A.
• Byte Computer S.A.
• Accenture plc
• Ernst and Young Business Advisory Solutions S.A. (EY Greece)

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support